MIRA INFORM REPORT

 

 

Report No. :

337116

Report Date :

19.08.2015

 

IDENTIFICATION DETAILS

 

Name :

E-HOMES INFRASTRUCTURE PRIVATE LIMITED

 

 

Registered Office :

Dasnac Annexe I, ECE House, 2nd Floor, 28A, Kasturba Gandhi Marg, Connaught Place, Delhi – 110 001

Tel. No.:

91-11-43751199

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

28.01.2008

 

 

Com. Reg. No.:

55-173249

 

 

Capital Investment / Paid-up Capital :

Rs.6.990 million

 

 

CIN No.:

[Company Identification No.]

U45303DL2008PTC173249

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in Real Estate Sector.

 

 

No. of Employees :

200 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 257000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having a moderate track record.

 

From the financials 2014, the company reported distinct increase in its sales turnover and profitability margin by improvement in capital structure.

 

However, the rating is constrained on account of huge external borrowing taken by the company which act as threating to the liquidity position of the company.

 

Trade relations are fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealings with some caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Ajay Agarwal

Designation :

Accounts Manager

Contact No.:

91-9911337744

Date :

18.08.2015

 

LOCATIONS

 

Registered Office :

Dasnac Annexe I, ECE House, 2nd Floor, 28A, Kasturba Gandhi Marg, Connaught Place, Delhi – 110 001, India

Tel. No.:

91-11-43751199

Mobile No.:

91-9582888206 (Mr. Rajeev)

91-9911337744 (Mr. Ajay Agarwal)

Fax No.:

Not Available

E-Mail :

fin@designarch.in

Website :

http://designarch.in

Location :

Rented

Locality :

Commercial

 

 

Site Office :

Sector-75, Noida, Uttar Pradesh, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Jinendra Kumar Jain

Designation :

Director

Address :

31, Shanker Vihar, Delhi – 110 092, India

Date of Appointment :

28.01.2008

DIN No.:

00187479

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U67190DL1991PTC042615

DASNAC CAPITAL PRIVATE LIMITED

Director

04/01/1991

04/01/1991

-

Active

NO

2

U74999DL1991PTC043707

MONTGOMERY SECURITIES PRIVATE LIMITED

Director

27/03/1991

27/03/1991

-

Active

NO

3

U74899DL1991PTC045183

DESIGNARCH CONSULTANTS PRIVATE LIMITED

Director

31/07/1991

31/07/1991

-

Active

NO

4

U32201DL1997PTC085002

DESIGNARCH INFRASTRUCTURE PRIVATE LIMITED

Director

10/01/2005

10/01/2005

-

Active

NO

5

U45201DL2005PTC132072

NORFOLK CONSTRUCTIONS PRIVATE LIMITED

Director

13/01/2005

13/01/2005

-

Active

NO

6

U45201DL2005PTC143590

DASNAC CONTRACTS PRIVATE LIMITED

Director

14/12/2005

14/12/2005

-

Active

NO

7

U45201DL2004PTC123827

ASSOTECH INFRASTRUCTURE PRIVATE LIMITED

Director

06/06/2007

06/06/2007

07/02/2009

Active

NO

8

U45303DL2008PTC173249

E-HOMES INFRASTRUCTURE PRIVATE LIMITED

Director

28/01/2008

28/01/2008

-

Active

NO

9

U70200DL2010PTC204699

DASNAC HOLDINGS PRIVATE LIMITED

Managing director

25/06/2010

25/06/2010

-

Active

NO

10

U70200DL2013PTC254893

WILLIAMS ESTATES PRIVATE LIMITED

Director

04/07/2013

04/07/2013

-

Active

NO

11

U70109DL2013PTC255107

HILLSBOROUGH HOMES PRIVATE LIMITED

Director

09/07/2013

09/07/2013

-

Active

NO

12

U70109DL2013PTC255102

FAIRFAX DEVELOPMENT PRIVATE LIMITED

Director

09/07/2013

09/07/2013

-

Active

NO

 

 

Name :

Mrs. Priya Jain

Designation :

Director

Address :

31, Shanker Vihar, Delhi – 110 092, India

Date of Appointment :

28.01.2008

DIN No.:

00187506

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U67190DL1991PTC042615

DASNAC CAPITAL PRIVATE LIMITED

Director

04/01/1991

04/01/1991

-

Active

NO

2

U74999DL1991PTC043707

MONTGOMERY SECURITIES PRIVATE LIMITED

Director

27/03/1991

27/03/1991

-

Active

NO

3

U74899DL1991PTC045183

DESIGNARCH CONSULTANTS PRIVATE LIMITED

Director

31/07/1991

31/07/1991

-

Active

NO

4

U32201DL1997PTC085002

DESIGNARCH INFRASTRUCTURE PRIVATE LIMITED

Director

10/01/2005

10/01/2005

-

Active

NO

5

U45201DL2005PTC132072

NORFOLK CONSTRUCTIONS PRIVATE LIMITED

Director

02/12/2005

02/12/2005

-

Active

NO

6

U45201DL2005PTC143590

DASNAC CONTRACTS PRIVATE LIMITED

Director

01/03/2007

01/03/2007

-

Active

NO

7

U45303DL2008PTC173249

E-HOMES INFRASTRUCTURE PRIVATE LIMITED

Director

28/01/2008

28/01/2008

-

Active

NO

8

U70109DL2013PTC254913

SOMERSET PROPERTIES PRIVATE LIMITED

Director

04/07/2013

04/07/2013

-

Active

NO

9

U70109DL2013PTC255107

HILLSBOROUGH HOMES PRIVATE LIMITED

Director

09/07/2013

09/07/2013

-

Active

NO

10

U70109DL2013PTC255102

FAIRFAX DEVELOPMENT PRIVATE LIMITED

Director

09/07/2013

09/07/2013

-

Active

NO

 

 

Name :

Mr. Arihant Kumar Jain

Designation :

Director

Address :

31, Shanker Vihar, Delhi – 110 092, India

Date of Birth/Age :

27.10.1989

Date of Appointment :

01.11.2012

DIN No.:

03069760

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U70200DL2010PTC204699

DASNAC HOLDINGS PRIVATE LIMITED

Director

25/06/2010

25/06/2010

-

Active

NO

2

U45303DL2008PTC173249

E-HOMES INFRASTRUCTURE PRIVATE LIMITED

Director

01/11/2012

01/11/2012

-

Active

NO

3

U70109DL2013PTC254913

SOMERSET PROPERTIES PRIVATE LIMITED

Director

04/07/2013

04/07/2013

-

Active

NO

4

U70200DL2013PTC254893

WILLIAMS ESTATES PRIVATE LIMITED

Director

04/07/2013

04/07/2013

-

Active

NO

5

U70109DL2013PTC255102

FAIRFAX DEVELOPMENT PRIVATE LIMITED

Additional director

23/01/2015

23/01/2015

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Ajay Agarwal

Designation :

Accounts Manager

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Percentage of Holding

Jinendra Jain

62050

8.88

Priya Jain

32525

4.65

Arihant Jain

214100

30.63

Designarch Consultants Private Limited, India

168930

24.17

Designarch Infrastructure Private Limited

71950

10.29

Dasnac Contract Private Limited

92250

13.20

Norfolk Constructions Private Limited, India

36750

5.26

Montgomery Securities Private Limited

20450

2.92

Total

699005

100.00

 

 

AS ON 20.03.2015

 

Names of Allottees

 

 

No. of Shares

Jinendra Kumar Jain

 

36700

Arihant Kumar Jain

 

8500

J.K. Jain (HUF)

 

46000

Dasnac Capital Private Limited, India

 

46000

Designarch Consultants Private Limited, India

 

13200

Norfolk Constructions Private Limited, India

 

16800

Total

 

167200

 

AS ON 30.09.2014

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Bodies corporate

 

56.00

Directors or relatives of directors

 

44.00

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in Real Estate Sector.

 

 

Products/ Services :

Real Estate Developer

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, Advance Payment and Cheque

 

 

Purchasing :

Cash, Advance Payment and Cheque

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Ajay Trading Company

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour

Market Goodwill

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

·         Brand Realty Services Limited

·         City Advertising

·         Dice Office Systems

·         Guru Nanak Traders

·         Indian Refrigeration

·         Narendra Kumar and Company

·         Shiv Shakti Traders 

 

 

Customers :

End Users

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality

Delivery Behaviour

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

Banker Name

IDBI Bank Limited

Branch Address

Third Floor, Indian Red Cross Society Building 1, Red Cross Road, New Delhi – 110 001, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

·         The Ratnakar Bank Limited, Shahupuri, Kolhapur – 416 001, Maharashtra, India

·         HDFC Bank Limited

·         Axis Bank Limited

·         Bank of India

·         Corporation Bank

·         IndusInd Bank Limited

·         Kotak Mahindra Bank Limited

·         Punjab National Bank

 

 

Facilities :

Secured Loans

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG-TERM BORROWINGS

 

 

Term Loans

 

 

From Banks

 

 

HDFC Bank Limited – Vehicle Loan

1.891

0.000

Axis Bank Limited – Vehicle Loan

0.132

0.427

Ratnakar Bank Loan A/c – Term Loan

210.000

0.000

From NBFC

 

 

Kotak Mahindra Prime Limited – Vehicle Loan

0.000

0.674

Total

212.023

1.101

 

 

 

Auditors :

 

Name :

Mohta Gupta and Associates

Chartered Accountants

Address :

E 1/76, YMCA Road, Sector 11, Faridabad – 121 006, Haryana, India

Tel. No.:

91-129-2262774/ 4008767

Fax No.:

91-129-4008767

E-Mail :

mohtagupta@rediffmail.com

Income-tax PAN of auditor or auditor's firm :

AAJFM2216R

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Concern/ Company in which Key Managerial Personnel have significant influence :

·         Dasnac Capital (Private) Limited

·         Dasnac Holdings (Private) Limited

·         Norfolk Constructions (Private) Limited

·         Designarch Consultants (Private) Limited

·         Dasnac Contracts (Private) Limited

·         Designarch Infrastructure (Private) Limited

·         Montgomery Securities (Private) Limited

·         Fairfax Development (Private) Limited

·         Williams Estates (Private) Limited

·         Somerset Properties (Private) Limited

·         Hillsborough Homes (Private) Limited

·         J.K. Jain (HUF)

 

 

CAPITAL STRUCTURE

 

AFTER 30.09.2014

 

Authorised Capital : Rs.150.000 million

 

Issued, Subscribed & Paid-up Capital : Rs.15.667 million

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

15000000

Equity Shares

Rs.10/- each

Rs.150.000 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

699005

Equity Shares

Rs.10/- each

Rs.6.990 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1) Shareholders' Funds

 

 

 

(a) Share Capital

6.990

0.259

0.259

(b) Reserves & Surplus

82.985

3.528

3.864

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

27.647

40.247

Total Shareholders’ Funds (1) + (2)

89.975

31.434

44.370

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

260.071

23.101

1.734

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) Long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

260.071

23.101

1.734

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

68.500

17.200

23.500

(b) Trade payables

124.329

1.633

0.466

(c) Other current liabilities

364.324

107.277

0.991

(d) Short-term provisions

2.994

0.004

0.017

Total Current Liabilities (4)

560.147

126.114

24.974

 

 

 

 

TOTAL

910.193

180.649

71.078

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8.877

4.544

4.733

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.380

0.154

0.000

(d)  Long-term Loan and Advances

4.484

0.000

1.100

(e) Other Non-current assets

0.000

0.003

0.008

Total Non-Current Assets

13.741

4.701

5.841

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

663.737

210.894

47.759

(c) Trade receivables

75.929

0.000

0.000

(d) Cash and cash equivalents

107.281

(36.962)

17.014

(e) Short-term loans and advances

49.502

2.010

0.385

(f) Other current assets

0.003

0.006

0.079

Total Current Assets

896.452

175.948

65.237

 

 

 

 

TOTAL

910.193

180.649

71.078

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from operations

449.673

0.000

0.000

 

 

Other Income

1.098

0.573

0.134

 

 

TOTAL                                    

450.771

0.573

0.134

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

409.480

0.000

0.000

 

 

Employee benefits expenses

22.482

0.000

0.000

 

 

Other Expenses

6.676

0.210

0.044

 

 

Prior Period Items

0.103

0.000

0.000

 

 

TOTAL                                    

438.741

0.210

0.044

 

 

 

 

 

Less

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

12.030

0.363

0.090

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

0.328

0.152

0.037

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

11.702

0.211

0.053

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1.367

0.697

0.000

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

10.335

(0.486)

0.053

 

 

 

 

 

Less

TAX                                                                 

2.768

(0.150)

0.017

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

7.567

(0.336)

0.036

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

(0.283)

0.053

0.017

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

7.284

(0.283)

0.053

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

11.00

(13.00)

0.55

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current maturities of long-term debt

 

 

 

Kotak Mahindra Prime Limited – Vehicle Loan

0.674

1.060

0.950

Axis Bank Limited – Vehicle Loan

0.295

0.267

0.000

HDFC Bank Limited – Vehicle Loan

1.459

0.000

0.000

Ratnakar Bank Loan A/c – Term Loan

140.000

0.000

0.000

Total

142.428

1.327

0.950

 

 

 

 

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

1.68

0.00

0.00

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

2.68

0.00

0.00

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.14

(0.27)

0.07

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.11

(0.02)

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

5.23

1.32

0.59

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.60

1.40

2.61

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Million

Rs. In Million

Rs. In Million

Share Capital

0.259

0.259

6.990

Reserves & Surplus

3.864

3.528

82.985

Share Application money pending allotment

40.247

27.647

0.000

Net worth

44.370

31.434

89.975

 

 

 

 

Long-term borrowings

1.734

23.101

260.071

Short term borrowings

23.500

17.200

68.500

Current Maturities of Long term debt

0.950

1.327

142.428

Total borrowings

26.184

41.628

470.999

Debt/Equity ratio

0.590

1.324

5.235

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Million

Rs. In Million

Rs. In Million

Revenue from operations

0.000

0.000

449.673

 

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Million

Rs. In Million

Rs. In Million

Revenue from operations

0.000

0.000

449.673

Profit

0.036

(0.336)

7.567

 

 

 

1.68%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity-Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

CORPORATE INFORMAITON:

 

Subject is a private company in India and incorporated on 28th day of January, 2008 under the provisions of the Companies Act, 1956. The company is engaged in Real Estate Sector. The Company caters to domestic market. Presently, Company working on its project known as “THE JWELS OF NOIDA” situated at Noida, Uttar Pradesh.

 

 

PRESENT AND FUTURE OUTLOOK:

 

The Company has received Gross Turnover of Rs.450.771 million during the year. The Directors are hopeful of achieving excellent turnover in the current financial year.

 

 

UNSECURED LOAN

 

Particulars

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG-TERM BORROWINGS

 

 

From Inter-corporates

 

 

AVJ Developers (India) Private Limited

10.000

10.000

Pediment Tie-up (Private) Limited

10.000

0.000

Apex Dream Homes (Private) Limited

0.000

12.000

Domain Enterprise (Private) Limited

10.000

0.000

Golf Green Residency (Private) Limited

10.000

0.000

Softindingo Software (Private) Limited

4.900

0.000

Security Deposit

 

 

From Contractors

 

 

Ahluwalia Contracts (India) Limited

3.148

0.000

SHORT-TERM BORROWINGS

 

 

Loans Repayable in Demand

 

 

From Inter-corporates

 

 

Apex Dream Homes (Private) Limited

18.500

0.000

AVS Infrabuild (Private) Limited

30.000

0.000

Blooms Texent (Private) Limited

10.000

0.000

Direct Mercantile Company (Private) Limited

10.000

0.000

Mala Developers (Private) Limited

0.000

15.000

Mala Construction (Private) Limited

0.000

2.200

Total

116.548

39.200

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10515214

06/08/2014

1,800,000,000.00

THE RATNAKAR BANK LIMITED

SHAHUPURI, KOLHAPUR, KOLHAPUR, MAHARASHTRA - 416001, INDIA

C16597726

2

10506727

27/06/2014

1,800,000,000.00

IDBI BANK LIMITED

THIRD FLOOR, INDIAN RED CROSS SOCIETY BUILDING 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA

C09723016

3

10506730

04/04/2014

700,000,000.00

IDBI BANK LIMITED

THIRD FLOOR, INDIAN RED CROSS SOCIETY BUILDING 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA

C09724444

4

10450526

21/11/2013 *

350,000,000.00

THE RATNAKAR BANK LIMITED

SHAHUPURI,KOLHAPUR, VYPARI PETH, KOLHAPUR, MAHARASHTRA - 416001, INDIA

B93554665

 

* Date of charge modification

 

 

FIXED ASSETS:

 

·         Car - BMW

·         Car - Renault Duster

·         Computer

·         Furniture and Fixture

·         Telephone

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs.65.22

UK Pound

1

Rs.102.23

Euro

1

Rs.72.39                      

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

28

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.