MIRA INFORM REPORT
|
Report No. : |
302371 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOLTE-PATIL I-VEN TOWNSHIPS (PUNE) LIMITED [w.e.f.13.12.2011] |
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|
Formerly Known
As : |
KOLTE-PATIL I-VEN
TOWNSHIPS (PUNE) PRIVATE LIMITED [w.e.f.05.08.2008] I-VEN TOWNSHIPS
(PUNE) PRIVATE LIMITED |
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Registered
Office : |
Survey No. 74, Marunji, Hinjewadi - Marunji - Kasarsai Road, Taluka
Mulshi, Pune – 411057, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.12.2005 |
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Com. Reg. No.: |
11-140660 |
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Capital
Investment / Paid-up Capital : |
Rs. 173.215 Millions |
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CIN No.: [Company Identification
No.] |
U70102PN2005PLC140660 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCI5807K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of promotion,
construction and development of integrated townships containing residential
and commercial complexes, multistoried buildings, flats, houses, apartments,
shopping malls etc. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Fundamental of the company is decent. Financial position of the
company is strong and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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.
EXTERNAL AGENCY RATING
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Lanuman |
|
Designation : |
Accountant |
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Contact No.: |
91-20-66226500 |
|
Date : |
08.01.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 74, Marunji, Hinjewadi - Marunji - Kasarsai Road, Taluka
Mulshi, Pune – 411057, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Pune Office : |
201, City Point, Dhole Patil Road, Pune – 411001, Maharashtra, India |
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Tel. No.: |
91-20-66226500/ 66226501 |
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Fax No.: |
91-20-66226651 |
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E-Mail : |
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Mumbai Office : |
501, 5th Floor, B Wing, The Capital, Plot No. C 70, G - Block, Behind ICICI Bank, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Bangalore Office : |
22/11, Park West, 1st floor, Vittal Mallya Road, Bangalore – 560001, Karnataka, India |
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Tel. No.: |
91-80-22243135 |
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Fax No.: |
91-80-22120652 |
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E-Mail : |
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Goa Office : |
3rd Floor, Kamala House, Opposite Magson's Super Centre Dayanand Bandodkar Road, Campal - Miramar, Panaji - 403002, Goa, India |
|
Tel. No.: |
91-832-2464006 |
DIRECTORS
AS ON 24.07.2014
|
Name : |
Mr. Rajesh Anirudha Patil |
|
Designation : |
Managing director |
|
Address : |
Plot No. 53, Koregaon Park, Pune - 411001, Maharashtra, India |
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Date of Birth/Age : |
05.04.1963 |
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Qualification : |
BE (Civil) |
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Date of Appointment : |
19.10.2011 |
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PAN No.: |
AAXPP9193L |
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DIN No.: |
00381866 |
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|
|
|
Name : |
Mr. Milind Digambar Kolte |
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Designation : |
Director |
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Address : |
118/124, Plot No. 46, Aundh National Society Building Const., Pune - 411007, Maharashtra, India |
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Date of Birth/Age : |
16.05.1951 |
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Qualification : |
B.Com, LL.B |
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Date of Appointment : |
05.01.2012 |
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PAN No.: |
ABIPK5780C |
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DIN No.: |
00170760 |
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|
|
Name : |
Mr. Sudarshan Bajoria |
|
Designation : |
Nominee director |
|
Address : |
B-702, Golden Square, Sunder Nagar, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra, India |
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Date of Birth/Age : |
18.01.1974 |
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Qualification : |
BE, MM |
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Date of Appointment : |
27.08.2007 |
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DIN No.: |
01853708 |
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|
|
|
Name : |
Mr. Madhusudhan Kumaran Nair |
|
Designation : |
Nominee director |
|
Address : |
Bliss 101/D Vasant Oscar, L B S Marg Mulund (West), Mumbai - 400080, Maharashtra, India |
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Date of Birth/Age : |
20.09.1962 |
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Qualification : |
CS, LL.B |
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Date of Appointment : |
25.07.2012 |
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DIN No.: |
02891683 |
KEY EXECUTIVES
|
Name : |
Mr. Lanuman |
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Designation : |
Accountant |
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Name : |
Mrs. Poonam Deepak Thakur |
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Designation : |
Secretary |
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Address : |
28/C Dashbhuja Appartment, Rambaug Colony, Paud Road, Kothrud, Pune - 411038, Maharashtra, India |
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Date of Birth/Age : |
26.10.1986 |
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Date of Appointment : |
18.01.2010 |
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PAN No.: |
AGHPT3303J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.07.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Kolte-Patil Developers Limited, India |
|
4499998 |
|
Kolte-Patil Developers Limited, India jointly with Rajesh Patil |
|
1 |
|
Kolte-Patil Developers Limited, India jointly with Milind Kolte |
|
1 |
|
IDBI Trusteeship Services Limited, Trustees of India Advantage
Fund-III |
|
3000000 |
|
IDBI Trusteeship Services Limited, Trustees of India Advantage Fund-IV |
|
2000000 |
|
Manish Doshi |
|
250000 |
|
Vandana Doshi |
|
250000 |
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Total |
|
10000000 |
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Names of Preference Shareholders |
|
No. of Shares |
|
Kolte-Patil Developers Limited, India |
|
3294666 |
|
IDBI Trusteeship Services Limited, Trustees of India Advantage
Fund-III |
|
2196444 |
|
IDBI Trusteeship Services Limited, Trustees of India Advantage Fund-IV |
|
1464296 |
|
Manish Doshi |
|
183037 |
|
Vandana Doshi |
|
183037 |
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|
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|
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Total |
|
7321480 |
AS ON 24.07.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
95.00 |
|
Other
top fifty shareholders |
5.00 |
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|
|
|
Total |
100.00 |
%20LIMITED%20-%20302371_MIRA%2010-Jan-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of promotion, construction
and development of integrated townships containing residential and commercial
complexes, multistoried buildings, flats, houses, apartments, shopping malls
etc. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
v Axis Bank Limited Corporate Banking Branch, 214-215, City Mall, 2nd, Floor, Plot No.1, S.No.132, Ganesh Khind Road, Pune - 411007, Maharashtra, India v Axis Bank Limited Ashoka Galaxy, Plot No. 1, Galaxy Society, Dhole Patil
Road, Bund Garden, Pune - 411001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
706, B Wing, 7th Floor ICC Trade Tower International
Convention Centre Senapati Bapat Road, Pune – 411016, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Joint Venture : |
v Sylvan Acres Realty Private Limited [U70102PN2005PTC021479] v India Advantage Fund – III v India Advantage Fund – IV v Kolte-Patil
Developers Limited [L45200PN1991PLC129428] |
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|
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|
Group Companies : |
Name of the
company/ Limited Liability Partnership (LLP) v
Corolla Realty
Limited v
Bellflower
Properties Private Limited v
Kolte-Patil
Real Estate Private Limited v
Tuscan Real
Estate Private Limited v
Yashowardhan
Promoters and Developers Private Limited v
KP-Rachana Real
Estate LLP v
Snowflower
Properties Private Limited Name of the company v
PNP Retail
Private Limited v
Regenesis Facility
Management Company Private Limited v
Regenesis
Project Management Company Private Limited v
PNP Agrotech
Private Limited Name of the company
in which the projects are under development v
Jasmine
Hospitality Private Limited v
Lilac
Hospitality Private Limited v
Olive Realty
Private Limited v
Sanjivani
Integrated Township LLP |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
10,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
7,321,480 |
Preference Shares |
Rs. 10/- each |
Rs. 73.215 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 173.215
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
173.215 |
173.215 |
200.000 |
|
(b) Reserves & Surplus |
976.556 |
496.210 |
820.059 |
|
(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) |
1149.771 |
669.425 |
1020.059 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
325.195 |
0.330 |
161.692 |
|
(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 |
1.057 |
0.347 |
0.228 |
|
Total
Non-current Liabilities (3) |
326.252 |
0.677 |
161.920 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
498.791 |
42.219 |
|
(b)
Trade payables |
237.850 |
65.528 |
33.469 |
|
(c)
Other current liabilities |
3297.705 |
3317.909 |
3288.696 |
|
(d)
Short-term provisions |
34.581 |
253.307 |
3.967 |
|
Total
Current Liabilities (4) |
3570.136 |
4135.535 |
3368.351 |
|
|
|
|
|
|
TOTAL |
5046.159 |
4805.637 |
4550.330 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
547.651 |
539.485 |
35.442 |
|
(ii)
Intangible Assets |
2.481 |
2.170 |
1.077 |
|
(iii)
Capital work-in-progress |
0.426 |
80.743 |
1.139 |
|
(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) |
0.140 |
3.012 |
41.598 |
|
(d) Long-term Loan
and Advances |
20.386 |
3.476 |
51.614 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
571.084 |
628.886 |
130.870 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3963.086 |
3618.435 |
3978.627 |
|
(c)
Trade receivables |
210.624 |
126.172 |
48.059 |
|
(d)
Cash and cash equivalents |
85.062 |
203.752 |
337.473 |
|
(e)
Short-term loans and advances |
216.303 |
228.392 |
55.301 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4475.075 |
4176.751 |
4419.460 |
|
|
|
|
|
|
TOTAL |
5046.159 |
4805.637 |
4550.330 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4505.625 |
3772.661 |
254.474 |
|
|
|
Other Income |
39.759 |
44.406 |
6.711 |
|
|
|
TOTAL (A) |
4545.384 |
3817.067 |
261.185 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2824.087 |
2501.380 |
140.633 |
|
|
|
Employees benefits expense |
81.650 |
80.939 |
35.179 |
|
|
|
Other expenses |
108.588 |
140.373 |
96.395 |
|
|
|
TOTAL (B) |
3014.325 |
2722.692 |
272.207 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1531.059 |
1094.375 |
(11.022) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
338.920 |
324.039 |
86.946 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1192.139 |
770.336 |
(97.968) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
84.733 |
70.779 |
2.709 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1107.406 |
699.557 |
(100.677) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
369.671 |
217.757 |
(34.453) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
737.735 |
481.800 |
(66.224) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
118.890 |
|
|
|
|
|
Capital Goods |
0.000 |
483.653 |
|
|
|
TOTAL IMPORTS |
118.890 |
495.004 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
73.77 |
48.18 |
(6.62) |
|
%20LIMITED%20-%20302371_MIRA%2010-Jan-2015_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
16.37 |
12.77 |
(26.02) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
33.98 |
29.01 |
(4.33) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.95 |
14.82 |
(2.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.96 |
1.05 |
(0.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28 |
0.75 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.01 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
200.000 |
173.215 |
173.215 |
|
Reserves & Surplus |
820.059 |
496.210 |
976.556 |
|
Net
worth |
1020.059 |
669.425 |
1149.771 |
|
|
|
|
|
|
Long-term borrowings |
161.692 |
0.330 |
325.195 |
|
Short term borrowings |
42.219 |
498.791 |
0.000 |
|
Total
borrowings |
203.911 |
499.121 |
325.195 |
|
Debt/Equity ratio |
0.200 |
0.746 |
0.283 |
%20LIMITED%20-%20302371_MIRA%2010-Jan-2015_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
254.474 |
3772.661 |
4505.625 |
|
|
|
1,382.533 |
19.428 |
%20LIMITED%20-%20302371_MIRA%2010-Jan-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
254.474 |
3772.661 |
4505.625 |
|
Profit/ (Loss) |
(66.224) |
481.800 |
737.735 |
|
|
(26.02%) |
12.77% |
16.37% |
%20LIMITED%20-%20302371_MIRA%2010-Jan-2015_files/image020.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
1979.319 |
1815.350 |
2225.242 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10538955 |
03/12/2014 |
100,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, 214-215, CITY MALL, 2ND FLOOR, PLOT NO.1, S.NO.132, GANESH KHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
C38255741 |
|
2 |
10252793 |
08/01/2014 * |
1,000,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, 214-215, CITY MALL, 2ND FLOOR, PLOT NO.1, S.NO.132, GANESH KHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
B95041778 |
* Date of charge modification
BACKGROUND
Kolte-Patil I-Ven Townships (Pune) Limited (Formerly known as Kolte-Patil I-Ven Townships (Pune) Private Limited) (‘the Company’) is a company registered under the Companies Act, 1956.
The company is primarily engaged in the business of
promotion, construction and development of integrated townships near Hinjewadi,
Pune containing residential and commercial complexes, multistoried buildings,
flats, houses, apartments, shopping malls etc.
FINANCIAL RESULTS
The Company recorded Revenue from operations of Rs. 4505.600
Millions in FY 13-14 as compared to 3772.600 Millions in FY 12-13, an increase
of 19%. The gross operating profit is Rs. 1107.400 Millions as compared to Rs.
699.600 Millions in FY 12-13.The Profit after Tax is Rs. 737.700 Millions as
compared to Rs. 481.800 Millions in FY 12-13.
FIXED ASSETS:
Plant and equipment
Factory equipments
Furniture and fixtures
Vehicles
Motor vehicles
Office equipment
Computer equipments
Other equipments
Computer software
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. 62.40 |
|
|
1 |
Rs. 94.17 |
|
Euro |
1 |
Rs. 73.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.