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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

504040

Report Date :

18.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KALPATARU PROPERTIES PRIVATE LIMITED (w.e.f 06.06.2006)

 

 

Formerly Known As :

KALPATARU CONSTRUCTION OVERSEAS PRIVATE LIMITED (w.e.f 21.01.1982)

 

KALPATARU CONSULTANTS PRIVATE LIMITED

 

 

Registered Office :

101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400055, Maharashtra

Tel. No.:

91-22-30645000/ 67543100/ 30643065

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

09.06.1975

 

 

Com. Reg. No.:

11-018371

 

 

Capital Investment / Paid-up Capital :

INR 62.493 Million

 

 

CIN No.:

[Company Identification No.]

U74210MH1975PTC018371

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACK1975H

 

 

TIN No.:

27590386605

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAACK1975H1ZG

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into Real Estate Developers. [Registered Activity and also Confirmed by Management]

 

 

No. of Employees :

10 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist 

 

 

Comments :

Subject is a part of “Kalpataru Group”. The company was incorporated in the year 1975. It is engaged in Real Estate Business.

 

For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain low profit margin of 0.98%.

 

The sound financial profile of the company is marked by healthy networth base along with comfortable debt coverage indicators.

 

Rating takes into account of strong financial and managerial support that company receives from Kalpataru Group backed by its well experienced management team.

 

The rating also takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters.

 

However, rating strengths are partially offset by highly competitive Real estate industry.

 

Business is active. Payment seems to be slow but correct.

 

In view of aforesaid, the company can be considered 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 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 18.04.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION PARTED BY [GENERAL DETAILS]

 

Name :

Mr. Prakash Chandar Bapna

Designation :

Company Secretary and Finance Controller

Contact No.:

91-22-675431000

Date :

17.04.2018

 

 

LOCATIONS

 

Registered/ Corporate Office :

101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400055, Maharashtra, India

Tel. No. :

91-22-30645000/ 67543100/ 30643065

Fax No. :

91-22-30643131

E-Mail :

purchase@kalpataru.com 

corpgov.kppl@gmail.com

sales@kalpataru.com 

media@kalpataru.com 

land@kalpataru.com

Website :

http://www.kalpataru.com

Location :

Owned

Locality :

Commercial

 

 

Branch Offices :

·         Immensa Sales Office, Bayer Compound, Kolshet Road, Thane (West), Maharashtra, India

 

·         603, Mayfair Tower I, Old Mumbai – Pune Road, Wakdewadi, Shivajinagar,
 411 005. Maharashtra, India

 

·         8-3-400/1/A, Mumbai Highway Next to Moosapet Flyover Erragadda, Hyderabad – 500018, Telangana, India

 

·         27, Opposite Yeshwant Club, Lantern Square, Yeshwant Niwas Road, Indore – 452003. Madhya Pradesh, India 

 

·         Office No 2310, 23rd Floor, HDS Tower, F-Cluster, JLT, Dubai, United Arab Emirates

 

 

DIRECTORS

 

AS ON: 31.03.2017

 

Name :

Mr. Sharadchandra Varajlal Bhansali

Designation :

Director

Address :

142/A, Paschim Apartments, Kashinath Dhuru Road, Dadar, Mumbai-400028, , Maharashtra, India

Date of Birth/Age :

07.05.1934

Qualification :

Graduate

Date of Appointment :

25.01.2005

PAN No.:

AAGPB8405L

DIN No.:

00037402

 

 

Name :

Mr. Mofatraj Pukhraj Munot

Designation :

Director

Address :

"Munot Villa", Westfield Compound Lane 63k, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

04.10.1944

Qualification :

HSC

Date of Appointment :

26.09.1988

PAN No.:

AFHPM3594B

DIN No.:

00046905

 

 

Name :

Mr. Imtiaz Husain Kanga

Designation :

Director

Address :

1, Kalpataru 39, Dr. G. Deshmukh Marg, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

30.08.1952

Qualification :

CA

Date of Appointment :

03.07.1995

PAN No.:

AADPK6541M

DIN No.:

00136272

 

 

Name :

Mr. Parag Mofatraj Munot

Designation :

Director

Address :

'Munot Villa', Westfield Compound Lane 63k, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

02.06.1969

Qualification :

MBA

Date of Appointment :

03.07.1995

PAN No.:

AADPM8911H

DIN No.:

00136337

 

 

KEY EXECUTIVES

 

Name :

Mr. Prakash Chandar Bapna

Designation :

Company Secretary and Finance Controller

Address :

008, Sitar "B" Wing, Lokpuram, Thane-400601, Maharashtra, India

Date of Appointment :

12.07.2004

PAN No.:

ABFPB4810R

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 31.03.2017

 

Names of Shareholders

No. of Shares

Percentage of Holding

Aseem Properties LLP

186293

29.81

Kalpataru Energy India LLP

183960

29.44

Kalpataru Viniyog LLP

192408

30.79

Marck Stationery Manufacturing LLP

62266

9.96

 

 

 

Total

 

624927

100.00

 

 

AS ON: 29.09.2017

 

Equity Share Breakup

Percentage of Holding

Category

 

Promoters – Body Corporate

100.00

 

 

Total

 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into Real Estate Developers. [Registered Activity and also Confirmed by Management]

 

 

Products :

ITC Code No.

 

Product Descriptions

99711900

Financial services, except investment

banking, insurance services and pension services

99531129

Multi-dwelling residential buildings n.e.c.

99721129

Rental or leasing services involving

own or leased property

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cheque and Others [RTGS]

 

 

Purchasing :

Cheque and Others [RTGS]

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Others [Builders and Contractors]

 

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

 

Bank Name:

Allahabad Bank

Branch:

Allahabad Bank Building, 2nd Floor, 37, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India

Person Name (with Designation):

--

Contact Number:

91-22-22655739/ 22662018 [numbers are ringing]

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

--

 

·         Housing Development Finance Corporation Limited

·         ICICI Bank Limited

·         Standard Chartered Bank

 

 

Facilities :

SECURED LOANS

31.03.2017

(INR In Million)

31.03.2016

(INR In Million)

LONG-TERM BORROWINGS

 

 

Other loans and advances

0.457

0.841

 

 

 

SHORT TERM BORROWINGS

 

 

Term loans from banks

0.000

1000.000

Term loans from others

2840.000

0.000

Working capital loans from banks

0.000

197.218

 

 

 

Total

 

2840.457

1198.059

 

Financial Institutions :

·         Aditya Birla Finance Limited

Indian Rayon Compound, Veraval - 362266, Gujarat, India

 

·         IDBI Trusteeship Services Limited

 

 

Auditors :

 

Name :

MGB Company and LLP

Chartered Accountants

Address :

Peninsula Business Park, Tower-B, 19th Floor, Lower Parel, Mumbai-400013, Maharashtra, India

PAN No.:

AAYFM6965C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Joint venture:

Agile Real Estate Private Limited [U70102MH2008PTC177239]

 

 

Related parties :

·         Ananta Landmarks Private Limited [U45201MH2002PTC134396]

·         Ananta Ventures LLP

·         Appropriate Orchards Private Limited [U01111MH2007PTC169005]

·         Argan Enviro Farms Private Limited [U01403MH2007PTC173096]

·         Argan Real Estate Private Limited [U45200MH2007PTC173304]

·         Argos International Marketing Private Limited [U51900MH1998PTC117498]

·         Ascent Enviro Farms Private Limited [U01403MH2007PTC170249]

·         Ascent Orchards Private Limited [U01403MH2007PTC170256]

·         Aseem Properties Private Limited [U70100MH1979PTC021372]

·         Aseem Ventures LLP

·         Ashoka Properties Private Limited [U45200MH2007PTC167182]

·         Aura Real Estate Private Limited [U70100MH2007PTC172270]

·         Aura Townships Private Limited [U45200MH2007PTC170178]

·         Axiom Constructions Private Limited [U45200MH2005PTC156705]

·         Axiom Enviro Farms Private Limited [U01403MH2007PTC169270]

·         Axiom Properties Private Limited [U70200MH2007PTC167180]

·         Azure Tree Constructions Private Limited [U45200MH2005PTC156706]

·         Azure Tree Developers LLP

·         Azure Tree Enviro Farms Private Limited [U01111MH2007PTC169060]

·         Azure Tree Orchards Private Limited [U01403MH2007PTC169050]

·         Azure Tree Properties Private Limited [U70100MH2005PTC155203]

·         Azure Tree Township LLP

·         Bhrama R Investments And Trading Company Private Limited [U67120MH1992PTC066543]

·         Caprihans India Limited [L29150MH1946PLC004877]

·         Corporate Office Products (India) Private Limited [U36991MH2000PTC126883]

·         Databank Office Staples (India) Private Limited [U30007MH1996PTC102183]

·         Hedavkar Mechanical Works Private Limited [U28920MH1960PTC011902]

·         JMC Projects (India) Limited [L45200GJ1986PLC008717]

·         K C Holdings Private Limited [U65990MH1981PTC024688]

·         K V Property Ventures Private Limited [U45201MH2002PTC135718]

·         Kalpak Property Ventures LLP

·         Kalpataru + Sharyans

·         Kalpataru Builders

·         Kalpataru Builders (Mumbai)

·         Kalpataru Builders (Pune)

·         Kalpataru Constructions (Pune)

·         Kalpataru Enterprises

·         Kalpataru Limited [U45200MH1988PLC050144]

·         Kalpataru Power Transmission Limited [L40100GJ1981PLC004281]

·         Kalpa-Taru Property Ventures LLP

·         Kalpataru Retail Ventures Private Limited [U45202MH2000PTC129761]

·         Kalpataru Theatre

·         Kamdhenu Constructions

·         KananI Developers LLP

·         Kara Property Ventures LLP

·         Kiah Properties Private Limited [U45203MH2008PTC181808]

·         Kiah Real Estate Private Limited [U45203MH2008PTC181809]

·         Kiyana Ventures LLP

·         Klassik Townships Private Limited [U45202MH2006PTC163952]

·         Krish Landscapes Private Limited [U45400MH2008PTC177238]

·         Lifestyle Property Ventures Private Limited [U45102MH2000PTC129762]

·         Locksley Hall Hill Resorts Private Limited [U70102MH1987PTC043077]

·         Mango People Homes LLP

·         Messers Habitat

·         Neo Pharma Private Limited [U24239MH1950PTC008016]

·         Omega Realtors Private Limited [U45200MH1993PTC074195]

·         P K Velu And Company Private Limited [U45200MH1981PTC025796]

·         Punarvasu Constructions Private Limited [U45201MH1993PTC074194]

·         Rainbow Prints Private Limited [U22190MH1972PTC015889]

·         Rajasthan Stones Pvt Ltd [U14100MH1986PTC038820]

·         Sfurti Impex Private Limited [U51909MH2003PTC141918]

·         Sfurti Multitrade Private Limited [U51909MH2003PTC141813]

·         Shravasti Ventures LLP

·         Astrum Developers Private Limited [U45400MH2007PTC176168]

·         Dynacraft Machine Company Limited [U99999MH1953PLC009100]

·         Kalpataru Land Private Limited [U45200MH1996PTC103763]

·         Kalpataru Properties (Thane) Private Limited [U58628MH1990PTC058628]

·         Abacus Enviro Farms Private Limited [U01403MH2007PTC172724]

·         Abacus Orchards Private Limited [U01403MH2007PTC172725]

·         Appropriate Enviro Farms Private Limited [U01111MH2007PTC169004]

·         Ashoka Orchards Private Limited [U01111MH2007PTC169001]

·         Aspen Enviro Farms Private Limited [U01403MH2007PTC172350]

·         Aura Orchards Private Limited [U01403MH2007PTC171327]

·         Excel Office Products (India) Private Limited [U36991MH2002PTC137582]

·         Shree Shubham Logistics Limited [U60232GJ2007PLC049796]

·         Kalpataru Gardens Private Limited [U99999MH1964PTC012833]

·         Abacus Real Estate Private Limited [U70102MH2007PTC173337]

·         Marck Stationery Manufacturing LLP

·         Kalpataru Viniyog LLP

·         MPM Holding LLP

 

 

Subsidiary companies :

·         Corporate Stationery Private Limited [U21098MH1994PTC081223]

·         P K Velu And Company Private Limited

·         Prime Properties Private Limited

·         Susme Builders Private Limited [U45200MH1983PTC029302]

·         Yugdharm Investment And Trading Company Private Limited [U67120MH1993PTC074181]

 

 

Associate companies :

·         Databank Stationery Private Limited [U72900MH1995PTC091301]

·         Databank Trading Company (India) Private Limited [U51900MH1996PTC104259]

·         Durable Stationery Private Limited [U36991MH1996PTC097740]

·         Eversmile Properties Private Limited [U70100MH1979PTC021291]

·         Exclusive Trading Company Private Limited [U51100MH1996PTC104369]

·         Kalpataru Energy (India) Private Limited [U45303MH2000PTC128447]

·         Kalpataru Premises Private Limited [U70100MH1981PTC025705]

·         Karmayog Builders Private Limited [U45200MH1988PTC050142]

·         Maximum Impex Private Limited [U51900MH1997PTC105243]

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

INR 100/- each

INR 100.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

624927

Equity Shares

INR 100/- each

INR 62.493 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

62.493

62.493

62.493

(b) Reserves and Surplus

1460.946

1451.095

1466.588

(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)

1523.439

1513.588

1529.081

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.457

0.841

0.439

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long-term liabilities

49.672

54.061

30.289

(d) long-term provisions

1.728

2.202

2.104

Total Non-current Liabilities (3)

51.857

57.104

32.832

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

7099.148

9974.079

5638.007

(b) Trade payables

17.898

74.370

31.979

(c) Other current liabilities

237.003

152.502

1851.094

(d) Short-term provisions

1.987

4.802

5.778

Total Current Liabilities (4)

7356.036

10205.753

7526.858

 

 

 

 

TOTAL

8931.332

11776.445

9088.771

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

22.795

29.990

81.459

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Tangible assets 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

2459.706

2532.317

2482.131

(c) Deferred tax assets (net)

19.222

15.425

31.239

(d) Long-term loans and advances

221.047

197.073

225.061

(e) Other Non-current assets

34.167

0.000

0.000

Total Non-Current Assets

2756.937

2774.805

2819.890

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

3349.746

2408.463

2125.688

(c) Trade receivables

29.419

36.359

78.640

(d) Cash and bank balances

91.333

8.223

43.873

(e) Short-term loans and advances

1352.119

5430.852

3205.434

(f) Other current assets

1351.778

1117.743

815.246

Total Current Assets

6174.395

9001.640

6268.881

 

 

 

 

TOTAL

8931.332

11776.445

9088.771

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

 

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Total Revenue from operations

1005.328

1064.066

1544.701

 

Other Income

101.070

60.287

24.963

 

TOTAL

1106.398

1124.353

1569.664

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

88.655

161.408

514.062

 

Employee benefit expense

23.006

24.249

35.841

 

Other expenses

79.461

84.900

83.404

 

TOTAL

191.122

270.557

633.307

 

 

 

 

 

 

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

915.276

853.796

936.357

 

 

 

 

 

Less

FINANCIAL EXPENSES

902.393

842.604

775.661

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

12.883

11.192

160.696

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

6.830

10.884

33.060

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

6.053

0.308

127.636

 

 

 

 

 

Less

TAX

(3.798)

15.801

64.551

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

9.851

(15.493)

63.085

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

15.76

(24.79)

100.95

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

0.385

0.787

502.415

 

 

 

 

Net cash flows from (used in) operations

(953.433)

(442.773)

(210.886)

 

 

 

 

Net cash flows from (used in) operating activities

(968.294)

(455.508)

(242.289)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

10.68

12.47

18.58

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

34.17

29.27

19.64

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

73.69

168.18

22.71

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.27

0.35

0.44

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

40.15

28.47

11.49

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.82

0.87

0.88

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

4.66

6.59

4.02

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

4.83

6.74

4.92

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.01

0.02

0.05

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.01

1.01

1.21

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.98

-1.46

4.08

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.11

-0.13

0.69

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

0.65

-1.02

4.13

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

0.84

0.88

0.83

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.38

0.65

0.55

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.17

0.13

0.17

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

113.61

159.63

98.26

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

0.84

0.88

0.83

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

62.493

62.493

62.493

Reserves & Surplus

1466.588

1451.095

1460.946

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

1529.081

1513.588

1523.439

 

 

 

 

long-term borrowings

0.439

0.841

0.457

Short term borrowings

5638.007

9974.079

7099.148

Current Maturities of Long term debt

502.415

0.787

0.385

Total borrowings

6140.861

9975.707

7099.990

Debt/Equity ratio

4.016

6.591

4.661

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

1544.701

1064.066

1005.328

 

 

(31.115)

(5.520)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

1544.701

1064.066

1005.328

Profit/ (Loss)

63.085

(15.493)

9.851

 

4.08%

(1.46%)

0.98%

 

 

 

LEGAL CASES

 

HIGH COURT

 

KALPTARU BUILDTECH CORPOR ATION LIMITED AND 3 ORS. VS KALPATARU PROPERTIES PRIVATE LIMITED

high court-Mum

Case no:22. APPST/546/2015

Case status:Pending

Judge:HON'BLE SMT. JUSTICE ANUJA PRABHUDESSAI

Date:2015-08-24T00:00:00Z

 

 

KALPTARU BUILDTECH CORPOR ATION LIMITED AND 3 ORS. VS KALPATARU PROPERTIES PRIVATE LIMITED

high court-Mum

Case no:APPL/546/2015

Case status:Pending

Judge:HON'BLE SHRI JUSTICE A.A. SAYED

Date:2016-04-04T00:00:00Z



 

KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT SE VS KALPATARU PROPERTIES PVT. LTD.

high court-Mumbai

Case no:RPA/26/2012

Case status:Pending

Judge:REGISTRAR(JUDICIAL II [AO])

Date:2012-07-18T00:00:00Z



 

KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT SE VS KALPATARU PROPERTIES PVT. LTD.

high court-Mumbai

Case no:APP/767/2011

Case status:Pending

Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND

Date:2012-01-25T00:00:00Z



 

KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT SE VS KALPATARU PROPERTIES PVT. LTD.

high court-Mumbai

Case no:RPA/26/2012

Case status:Pending

Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND

Date:2012-06-26T00:00:00Z

 

 

KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT VS KALPATARU PROPERTIES PVT. LTD.

high court-Mumbai

Case no:912. NMA/188/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE ANOOP V.MOHTA

Date:2012-02-27T00:00:00Z




KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT VS KALPATARU PROPERTIES PVT. LTD.

high court-Mumbai

Case no:10. APP/767/2011

Case status:Pending

Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND

Date:2011-07-12T00:00:00Z




KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT SE VS KALPATARU PROPERTIES PVT. LTD.

high court-Mumbai

Case no:RPA/26/2012

Case status:Pending

Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER

Date:2012-07-18T00:00:00Z

 

 

KALPTARU BUILDTECH CORPOR ATION LIMITED AND 3 ORS. VS KALPATARU PROPERTIES PRIVATE LIMITED FOR ADMISSION FRESH

high court-Mum

Case no:19. APPST/546/2015

Case status:Pending

Judge:HON'BLE SMT. JUSTICE S.S. JADHAV

Date:2015-07-28T00:00:00Z



KALPTARU BUILDTECH CORPOR ATION LIMITED AND 3 ORS. VS KALPATARU PROPERTIES PRIVATE LIMITED FOR ADMISSION FRESH

high court-Mum

Case no:19. APPL/546/2015

Case status:Pending

Judge:HON'BLE SHRI JUSTICE G.S. PATEL

Date:2015-07-28T00:00:00Z

 

 

KALPATARUS HOSPITALITY A ND FACILITY MANAGEMENT VS KALPATARU PROPERTIES PVT. LTD. FOR DIRECTION

high court-Mumbai

Case no:79. APPL/679/2011

Case status:Pending

Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER

Date:2011-11-17T00:00:00Z

 

 

SHREE RAM URBAN INFRASTRU CTURE LTD. VS KALPATARU PROPERTIES PVT. LTD. AND ANR. ARBITRATION

high court-Mumbai

Case no:34. ARBP/464/2009

Case status:Pending

Judge:OFFICIAL ASSIGNEE

Date:2009-10-07T00:00:00Z



VIJAY INFRASTRUCTURE TECH NOLOGIES PVT. LTD. VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCAST/51/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SMT. JUSTICE BHARATI HARISH DANGRE

Date:2017-12-15



VIJAY INFRASTRUCTURE TECH VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCAST/51/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SMT. JUSTICE BHARATI HARISH DANGRE

Date:2017-12-20



SRI KALPATHARU HOUSING PV T. LTD. VS KALPATARU PROPERTIES PVT. LTD.

high court-Maharashtra

Case no:COMAP/124/2017 [Original] REMARK : == PH ==

Case status:Pending

Judge:HON'BLE SHRI JUSTICE NARESH H. PATIL HON'BLE SHRI JUSTICE RAJESH G. KETKAR

Date:2017-11-15

 

 

VIJAY INFRASTRUCTURE TECH VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:COMAP/169/2017 REMARK : == FOR STAY ==

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SMT. JUSTICE BHARATI HARISH DANGRE

Date:2017-12-20



SHREE RAM URBAN INFRASTRU CTURE LIMITED FORMERLY K VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCA/44/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SMT. JUSTICE BHARATI HARISH DANGRE

Date:2017-12-20

 

 

VIJAY INFRASTRUCTURE TECH NOLOGIES PVT. LTD. VS KALPATARU PROPERTIES PVT. LTD. AND ANR

high court-Maharashtra

Case no:CARBP/178/2016

Case status:Pending

Judge:HONBLE SHRI JUSTICE

Date:2017/07/17



SHREE RAM URBAN INFRASTRU CTURE LIMITED FORMERLY K VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCAST/49/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE NARESH H. PATIL HON'BLE SHRI JUSTICE RAJESH G. KETKAR

Date:2017-11-06

 

 

SHREE RAM URBAN INFRASTRU CTURE LIMITED FORMERLY K VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCAL/49/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE NARESH H. PATIL HON'BLE SHRI JUSTICE RAJESH G. KETKAR

Date:2017-11-06



MS. SHREE RAM URBAN INFR VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:CARBP/166/2016 REMARK : === =at 3.00 p.m. ==== (U/S-34)=== AFFIDAVIT IN REPLY OF SHARAD

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. GUPTE

Date:2017-07-12



MS. SHREE RAM URBAN INFR VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:CARBP/166/2016 REMARK : ==== (U/S-34)=== AFFIDAVIT IN REPLY OF SHARAD BHANSALI RESP NO.1

Case status:Pending

Judge:HONBLE SHRI JUSTICE

Date:2017/07/17



VIJAY INFRASTRUCTURE TECH NOLOGIES PVT. LTD. VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCAL/51/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SMT. JUSTICE BHARATI HARISH DANGRE

Date:2017-12-15



SRI KALPATHARU HOUSING PV T. LTD. VS KALPATARU PROPERTIES PVT. LTD.

high court-Maharashtra

Case no:NMCA/25/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE NARESH H. PATIL HON'BLE SHRI JUSTICE RAJESH G. KETKAR

Date:2017-11-28



VIJAY INFRASTRUCTURE TECH NOLOGIES PVT. LTD. VS KALPATARU PROPERTIES PVT. LTD. AND ANR

high court-Maharashtra

Case no:NMCD/115/2016

Case status:Pending

Judge:HONBLE SHRI JUSTICE K.R.SHRIRAM,J AS PER ORDER DT.18/07/2016.

Date:2017-01-09

 

SRI KALPATHARU HOUSING PV T. LTD. VS KALPATARU PROPERTIES PVT. LTD.

high court-Maharashtra

Case no:COMAP/124/2017 [Original] REMARK : == CLOSED FOR ORDERS ==

Case status:Pending

Judge:HON'BLE SHRI JUSTICE NARESH H. PATIL HON'BLE SHRI JUSTICE RAJESH G. KETKAR

Date:2017-11-28



MS. SHREE RAM URBAN INFR VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:CARBP/166/2016 REMARK : (U/S-34)

Case status:Pending

Judge:HONBLE SHRI JUSTICE K.R.SHRIRAM,J AS PER ORDER DT.18/07/2016.

Date:2017-01-09



VIJAY INFRASTRUCTURE TECH NOLOGIES PVT. LTD. VS KALPATARU PROPERTIES

high court-Maharashtra

Case no:CARBP/178/2016 [Original] REMARK : (U/S-34)

Case status:Pending

Judge:HONBLE SHRI JUSTICE K.R.SHRIRAM,J AS PER ORDER DT.18/07/2016.

Date:2017-01-09



VIJAY INFRASTRUCTURE TECH NOLOGIES PVT. LTD. VS KALPATARU PROPERTIES PVT. LTD. AND ANR FOR SETTLEMENTFILING CONSENT TERM ORIGINAL SIDE MATTERS

high court-Maharashtra

Case no:CARBP/178/2016

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. GUPTE

Date:2017-07-14

 

 

MS. SHREE RAM URBAN INFR VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:CARBP/166/2016 REMARK : (U/S-34)=== AFFIDAVIT IN REPLY OF SHARAD BHANSALI RESP NO.1 DTD.4/4/2017

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA

Date:2017-04-28



MS. SHREE RAM URBAN INFR VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:CARBP/166/2016 REMARK : ====at 4.00 p.m. ==== (U/S-34)=== AFFIDAVIT IN REPLY OF SHARAD

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. GUPTE

Date:2017-07-14



MS. SHREE RAM URBAN INFR ASTRUCTURE LTD. FORMERLY VS KALPATARU PROPERTIES PVT. LTD. FORMERLY KNOWN

high court-Maharashtra

Case no:NMCD/136/2016

Case status:Pending

Judge:HONBLE SHRI JUSTICE K.R.SHRIRAM,J AS PER ORDER DT.18/07/2016.

Date:2017-01-09




http://54.234.29.250/ferretops/mirascreenshots/5ad45111d4e37635660000735ad45188d4e37607ea024aa1.jpg

 

 

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

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

Yes

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

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

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

CHARGES REGISTERED

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

DATE OF SATISFACTION

AMOUNT

ADDRESS

1

G83561084

100168563

IDBI TRUSTEESHIP SERVICES LIMITED

15/03/2018

-

-

500000000.0

ASIAN BUILDING, GROUND FLOOR,17,R KAMANI MARG, BALLARD ESTATE, MUMBAI - 400 001MUMBAIMH400001IN

2

G78189081

100157571

ADITYA BIRLA FINANCE LIMITED

31/01/2018

-

-

1300000000.0

INDIAN RAYON COMPOUND,VERAVALGU362266IN

3

G71061733

100141980

ICICI BANK LIMITED

25/11/2017

-

-

1818000.0

ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN

4

G40209694

100088002

IDBI TRUSTEESHIP SERVICES LIMITED

16/03/2017

-

-

500000000.0

ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI - 400 001MUMBAIMH400001IN

5

G11404274

100049100

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

23/08/2016

-

-

5400000000.0

RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN

6

C77000180

10615810

TATA CAPITAL FINANCIAL SERVICES LIMITED

31/12/2015

-

-

600000000.0

ONE FORBES, DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN

7

C55224349

10572497

ICICI BANK LIMITED

13/05/2015

-

-

1494000.0

LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN

8

B75900639

10428285

AXIS BANK LIMITED

17/05/2013

-

-

75000000.0

CORPORATE BANKING BRANCH, AXIS HOUSE, GROUND FLOORBOMBAY DYEING MILLS COMPOUND, P. B. MARG,MUMBAIMH380006IN

9

Y10350223

90242586

ORIENTAL BANK OF COMMERCE

08/11/2004

-

-

900000000.0

FORT BRANCH JASH CHAMBERSSIR P.M. ROAD FORTMUMBAIMH400001IN

10

Y10262334

90161087

CITI BANK N.A

02/09/2003

-

-

39000000.0

CITI TOWER61; DR. S.S. RAO ROAD; PARELMUMBAIMH400012IN

 

 

UNSECURED LOANS

 

PARTICULARS 

31.03.2017

(INR In Million)

31.03.2016

(INR In Million)

SHORT TERM BORROWINGS

 

 

Rupee term loans from others

3250.000

3250.000

Term loans from banks

0.000

1750.000

Loans repayable on demand

86.209

87.760

Deposits

922.939

3689.101

 

 

 

Total

 

4259.148

8776.861

 

 

CHANGE OF ADDRESS:

 

The Registered address of the company has been shifted from Nariman Point, Mumbai-400021, Maharashtra, India to the present address w.e.f 04.05.2006


OPERATIONS:

 

During the year, Project Kalpataru Splendour, the residential project of the Company located at Pune was successfully completed. Construction and development work of the Company’s Project Kalpataru Magnus (MIG-V), located at Bandra, is expected to commence shortly.

 

The total Income of the Company during the year was INR 1106.400 million as compared to INR 1124.400 million in the previous year (2015-16). Profit Before Tax (PBT) was INR 6.000 million in the current year as compared to INR 0.300 million in the previous year, whereas Profit After Tax (PAT) was INR 9.800 million as compared to loss of INR 15.500 million in 2015-16.

 

 

FIXED ASSETS:

 

·         Buildings

·         Plant and equipment

·         Furniture and fixtures

·         Vehicles

·         Office equipment

·         Computer equipments

·         Leasehold improvements

 

 

 

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 records 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

INR

US Dollar

1

INR 65.61

UK Pound

1

INR 94.21

Euro

1

INR 81.32

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

RUP

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--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

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.