MIRA INFORM REPORT
|
Report No. : |
354947 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KALPATARU LIMITED (w.e.f. 01.02.2008) |
|
|
|
|
Formerly Known
As : |
KALPATARU HOMES LIMITED |
|
|
|
|
Registered
Office : |
91, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai
– 400 055, Maharashtra |
|
Tel. No.: |
91-22-30413000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.12.1988 |
|
|
|
|
Com. Reg. No.: |
11-050144 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1406.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1988PLC050144 |
|
|
|
|
IEC No.: |
0393004538 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11371D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2108G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into Real Estate Development.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Kalpataru Limited is a flagship company of Kalpataru Group of
companies, incorporated in 1988. It is engaged in Real Estate Development
having good track record. Profit of the company has continuously declined. However, the company possesses sound financial risk profile marked by
healthy net worth base and decent liquidity position of the company. Promoters are reported to be well experienced and knowledgeable
businessmen. Moreover, the rating strength is partially offset by highly competitive
infrastructure industry. Trade relations are reported as fair. Business is active. Payments
terms are reported as slow but correct. In view of long track record and part of strong group, the company can
be considered normal for business dealings at usual trade terms and
conditions. |
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
31-03-2015.
LOCATIONS
|
Registered Office : |
91, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai
– 400 055, Maharashtra, India |
|
Tel. No.: |
91-22-30413000/ 30642014 / 30645000/ 30643131 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai - 400 055, Maharashtra, India |
|
Tel. No.: |
91-22-30645000 |
|
Fax No.: |
91-22-30643131 |
|
E-Mail : |
|
|
|
|
|
Thane Branch Office
: |
Kalpataru Properties (Thane) Private Limited Siddhachal Shopping Complex, 1st Floor Pokhran
Road No.2, Near Vasant Vihar Thane (West) – 400 601, Maharashtra, India |
|
Tel. No.: |
91-22-21713737 / 2171 3734 |
|
Fax No.: |
91-22-21713735 |
|
E-Mail : |
|
|
|
|
|
Pune Branch Office
: |
Plot No.2, Level 3 and 4, Galaxy Garden, Next to Mocha Cafe North Main Road, Koregaon Park, Pune – 411 001, Maharashtra, India |
|
Tel. No.: |
91-20-30413000 |
|
|
|
|
Pune Sales Office : |
Kalpataru Gardens, 9A, Boat Club Road, Opposite Narangi
Baug, Next to HDFC Bank, Pune – 411
006, Maharashtra, India. |
|
Tel. No.: |
91-20-30145000 |
|
Fax No.: |
91-20-30413016 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Mofatraj Pukhraj Munot |
|
Designation : |
Whole-Time Director |
|
Address : |
“Munot Villa”, Westfield Compound Lane, 63K, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
04.10.1944 |
|
Qualification : |
HSC |
|
PAN No.: |
AFHPM3594B |
|
Date of Appointment : |
28.12.1988 |
|
DIN No.: |
00046905 |
|
|
|
|
Name : |
Mr. Parag Mofatraj Munot |
|
Designation : |
Managing Director |
|
Address : |
“Munot Villa”, Westfield Compound Lane, 63K, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1969 |
|
Qualification : |
MBA |
|
PAN No.: |
AADPM8911H |
|
Date of Appointment : |
01.10.1990 |
|
DIN No.: |
00136337 |
|
|
|
|
Name : |
Mr. Imtiaz Hussain Kanga |
|
Designation : |
Director |
|
Address : |
1, Kalpataru, 39, Dr. G Deshmukh Marg, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
30.08.1952 |
|
Qualification : |
CA |
|
Date of Appointment : |
30.09.2002 |
|
DIN No.: |
00136272 |
|
|
|
|
Name : |
Mr. Sajjanraj Mehta |
|
Designation : |
Additional Director |
|
Address : |
703, Atmaj, 94-C, August Kranti Marg, Mumbai – 400 036, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1951 |
|
Qualification : |
CA |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00051497 |
|
|
|
|
Name : |
Mr. Dhananjay Narendra Mungale |
|
Designation : |
Director |
|
Address : |
10 A/ Ameya Apartments, Near Kirti College, Off. Dhuru Road, Prabhadevi, Mumbai – 400 028, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1953 |
|
Qualification : |
CA, LLB |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00007563 |
|
|
|
|
Name : |
Mr. Om Prakash Gahrotra |
|
Designation : |
Director |
|
Address : |
12, Praneet, Dr. J. Palker Road, Worli, Mumbai – 400 030, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1946 |
|
Qualification : |
IAS |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00936696 |
|
|
|
|
Name : |
Mrs. Anjali Karamnarayan Seth |
|
Designation : |
Director |
|
Address : |
Flat No : B 1301, Brichwood C-H-S Limited, Main Street, Hiranandani Gardens, Powai, Mumbai, 400076, Maharashtra, India |
|
Date of Appointment : |
28.03.2015 |
|
DIN No.: |
05234352 |
KEY EXECUTIVES
|
Name : |
Mr. Prabhakar Moghalee |
|
Designation : |
Insurance Department |
|
|
|
|
Name : |
Mr. Manoj Jitendra Thakar |
|
Designation : |
Secretary |
|
Address : |
B/404, Sheel Building, Neel Sheel CHS, Lajpatrai Road, Vile Parle
(West), Mumbai – 400 056, Maharashtra, India |
|
Date of Birth/Age : |
23.09.1965 |
|
Date of Appointment : |
01.07.2010 |
|
Pan No.: |
AABPT2954M |
|
|
|
|
Name : |
Mr.
Shantilal P. Bohra |
|
Designation : |
Senior
Vice President - Sales |
|
|
|
|
Name : |
Mr.
Narendra S. Lodha |
|
Designation : |
Director
– Sales and Marketing |
|
|
|
|
Name : |
Mr.
Sachin Anant Kanitkar |
|
Designation : |
Director-Projects |
|
|
|
|
Name : |
Mr.
Satish Rao |
|
Designation : |
Vice
President - Services |
|
|
|
|
Name : |
Mr.
Chandrashekhar G. Joglekar |
|
Designation : |
Chief
Financial Officer |
|
Address: |
B 1801, Sahyadri Tower, Upper Govind Nagar, Malad (East), Mumbai, 400097, Maharashtra, India |
|
Pan No.: |
AAEPJ2856K |
|
Date of Appointment : |
23.06.2014 |
|
|
|
|
Name : |
Mr.
Bavneesh Yashpal Gulati |
|
Designation : |
Senior
Vice President - H. R. |
|
|
|
|
Name : |
Mr.
Rakesh Kumar |
|
Designation : |
Vice
President - Architecture and Design |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Mofatraj P. Munot |
|
36309000 |
|
Mofatraj P. Munot Karta of Mofatraj P. Munot (HUF) |
|
13300 |
|
Parag M. Munot |
|
12568500 |
|
Sudha R. Golechha |
|
5236875 |
|
Sunita V. Choraria |
|
5236875 |
|
Monica P. Munot |
|
6982500 |
|
MPM Holding Private Limited, |
|
13300 |
|
Shouri Investment and Trading Company Private Limited, |
|
13685700 |
|
Mrigashish Investment and Trading Private Limited, |
|
13685700 |
|
Appropriate Developers Private Limited, |
|
13938400 |
|
Flex-O-Poly Private Limited, |
|
13685700 |
|
Mrigashish Constructions Private Limited, |
|
13406400 |
|
Mofatraj P. Munot as a Trustee of Sharadchandrika Munot Family
Trust |
|
4887750 |
|
Total |
|
139650000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Kalpataru Constructions Private Limited, India |
|
255000 |
|
K.C. Holdings Private Limited, India |
|
270000 |
|
Neo-Pharma Private Limited, India |
|
120000 |
|
Klassik Vinyl Products Private Limited, India |
|
305000 |
|
Total
|
|
950000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
|
Percentage |
|
Bodies corporate |
|
48.99 |
|
Directors or relatives of directors |
|
51.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Real Estate Development.
(Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
|
|
Financial Institutions : |
|
|
|
|
|
Auditors : |
|
|
Name : |
MGB and Company LLP Chartered Accountants |
|
Address : |
Peninsula Business Park, Tower-B, 19th
Floor, Ganpat Kadam Marg, Lower Parel, Mumbai, Maharashtra, India |
|
PAN
No.: |
AAYFM6965C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Companies : |
|
|
|
|
|
Associates : |
|
|
|
|
|
Joint Venture : |
|
|
|
|
|
Other Related
Parties : |
|
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
499800000 |
Equity Shares |
Rs.10/- each |
Rs.4998.000 million |
|
1700000 |
Preference Shares |
Rs.10/- each |
Rs.17.000 million |
|
|
Total |
|
Rs.5015.000
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
139650000 |
Equity Shares |
Rs.10/- each |
Rs.1396.500 million |
|
950000 |
Preference Shares |
Rs.10/- each |
Rs.9.500 million |
|
|
Total |
|
Rs.1406.000 million
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1406.000 |
1406.000 |
1406.000 |
|
(b) Reserves & Surplus |
7429.300 |
6657.300 |
5613.400 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
8835.300 |
8063.300 |
7019.400 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
2557.900 |
1087.100 |
2270.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
121.700 |
98.500 |
113.500 |
|
(d) Long-term provisions |
39.000 |
38.500 |
33.800 |
|
Total Non-current
Liabilities (3) |
2718.600 |
1224.100 |
2417.800 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
6021.900 |
5495.500 |
5613.600 |
|
(b) Trade payables |
57.800 |
80.600 |
471.800 |
|
(c) Other current liabilities |
3615.700 |
2570.500 |
648.600 |
|
(d) Short-term provisions |
15.300 |
13.400 |
144.900 |
|
Total Current
Liabilities (4) |
9710.700 |
8160.000 |
6878.900 |
|
|
|
|
|
|
TOTAL |
21264.600 |
17447.400 |
16316.100 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
139.100 |
141.800 |
115.400 |
|
(ii) Intangible Assets |
24.100 |
26.200 |
41.700 |
|
(iii) Capital work-in-progress |
2924.500 |
2228.600 |
1544.000 |
|
(iv) Intangible assets under development or work-in-progress |
0.000 |
5.000 |
0.000 |
|
(b) Non-current Investments |
655.200 |
655.700 |
708.400 |
|
(c) Deferred tax assets (net) |
19.100 |
7.900 |
6.300 |
|
(d) Long-term Loan and Advances |
1168.200 |
874.200 |
447.600 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4930.200 |
3939.400 |
2863.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
5.000 |
10.000 |
10.000 |
|
(b) Inventories |
6047.500 |
5492.600 |
6032.100 |
|
(c) Trade receivables |
462.000 |
1049.300 |
1696.500 |
|
(d) Cash and cash equivalents |
171.600 |
74.800 |
64.900 |
|
(e) Short-term loans and advances |
9647.500 |
6881.200 |
5587.800 |
|
(f) Other current assets |
0.800 |
0.100 |
61.400 |
|
Total Current
Assets |
16334.400 |
13508.000 |
13452.700 |
|
|
|
|
|
|
TOTAL |
21264.600 |
17447.400 |
16316.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2586.400 |
3708.700 |
5372.800 |
|
|
|
Other Income |
972.300 |
623.100 |
516.000 |
|
|
|
TOTAL (A) |
3558.700 |
4331.800 |
5888.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
876.600 |
1375.700 |
3308.500 |
|
|
|
Employee benefit expense |
742.900 |
705.400 |
|
|
|
|
Other expenses |
573.400 |
391.600 |
|
|
|
|
Exceptional items |
(89.100) |
46.600 |
|
|
|
|
TOTAL (B) |
2103.800 |
2519.300 |
3308.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1454.900 |
1812.500 |
2580.300 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
600.200 |
699.400 |
790.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
854.700 |
1113.100 |
1790.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
71.000 |
63.200 |
44.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
783.700 |
1049.900 |
1745.800 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.700 |
4.500 |
2.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
772.000 |
1045.400 |
1743.200 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
5.53 |
7.49 |
12.48 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2344.900 |
1823.100 |
82.000 |
|
Net cash flows from (used in) operations |
928.000 |
1798.600 |
2162.200 |
|
Net Cash flows from operating activities |
398.900 |
1768.100 |
2048.600 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
29.85 |
28.19 |
32.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
56.25 |
48.87 |
48.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.44 |
7.22 |
12.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.13 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.24 |
1.04 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.66 |
1.96 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1406.000 |
1406.000 |
1406.000 |
|
Reserves and Surplus |
5613.400 |
6657.300 |
7429.300 |
|
Net worth |
7019.400 |
8063.300 |
8835.300 |
|
|
|
|
|
|
long-term borrowings |
2270.500 |
1087.100 |
2557.900 |
|
Short term borrowings |
5613.600 |
5495.500 |
6021.900 |
|
Current maturities of
long-term debts |
82.000 |
1823.100 |
2344.900 |
|
Total borrowings |
7966.100 |
8405.700 |
10924.700 |
|
Debt/Equity ratio |
1.135 |
1.042 |
1.236 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mln) |
(INR in Mln) |
(INR in Mln) |
|
Revenue from operations |
5,372.800 |
3,708.700 |
2,586.400 |
|
|
|
(30.973) |
(30.261) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mln) |
(INR in Mln) |
(INR in Mln) |
|
Revenue from operations |
5,372.800 |
3,708.700 |
2,586.400 |
|
Profit |
1,743.200 |
1,045.400 |
772.000 |
|
|
32.44% |
28.19% |
29.85% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The registered address of the company has been shifted from III Maker
Chambers IV, Nariman Point, Mumbai – 400 021, Maharashtra to the present
address w.e.f. 04.05.2006.
FINANCIAL
PERFORMANCE:
(i) The Company posted turnover of Rs.3558.700 million against
Rs.4331.800 million in the previous year and Profit before tax for the year was
Rs.783.700 million against Rs.1049.900 million in the previous year.
(ii) Profit after tax was Rs.772.000 million against Rs.1045.400 million
for previous year.
(iii) Earning per share was Rs.5.53 against Rs.7.49 in the previous
year.
(iv) The premium residential project Kalpataru Avana, at Parel was
launched during the year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
82.900 |
733.700 |
|
Other loans and advances |
779.900 |
931.700 |
|
Total |
862.800 |
1665.400 |
FIXED ASSETS
Tangible Assets
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
Intangible Assets
Computer Software
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10600326 |
15/10/2015 |
590,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C69019669 |
|
2 |
10597387 |
24/09/2015 |
1,087,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C67443861 |
|
3 |
10591528 |
26/08/2015 |
2,275,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C64451388 |
|
4 |
10591477 |
26/08/2015 |
2,386,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C64452162 |
|
5 |
10591529 |
24/08/2015 |
1,402,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C64451792 |
|
6 |
10576434 |
15/06/2015 |
670,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C57201501 |
|
7 |
10576433 |
30/05/2015 |
835,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C57201881 |
|
8 |
10575196 |
29/05/2015 |
550,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C56575038 |
|
9 |
10572511 |
08/05/2015 |
960,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C55232821 |
|
10 |
10572493 |
29/04/2015 |
835,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C55224976 |
* Date
of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
54 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.