|
|
|
MIRA
INFORM REPORT
|
Report No. : |
489492 |
|
Report Date : |
05.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
FABWORTH PROMOTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4A, J.B.S Halden Avenue, Kolkata-700105, West Bengal |
|
Tel. No.: |
91-33-23407100 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.08.2006 |
|
|
|
|
Com. Reg. No.: |
21-165835 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 1271.974 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70109WB2006PTC165835 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
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GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACF9988P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
The company is engaged in the business of Real Estate Activities and Hotel Services. (Registered activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 2006. As per the financial records of 2017, the company has reported a
decline in its revenue as compared to the previous year and has incurred
operational losses. The overall financial position of the company seems to be sound marked
by healthy net worth base along with acceptable debt level. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Loans=BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
19.04.2017 |
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 05.02.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-33-23407100
LOCATIONS
|
Registered Office : |
4A, J.B.S Halden Avenue, Kolkata-700105, West Bengal, India |
|
Tel. No.: |
91-33-23407100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office / Corporate Office : |
9-IT Chambers, ‘’Mani Square’’, 164/1 Manicktala Main Road, Kolkata-700054,
West Bengal, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bijay Kumar Agarwal |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
158 Salarpuria Residency 04 MN Indiranagar Bangalore,
Bangalore-560038, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. com(H) |
||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
02.02.1963 |
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Date of Appointment : |
19.08.2010 |
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PAN No.: |
ACVPA6291J |
||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00088987 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Prithiwiraj Mukherjee |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Kona Post Office Kona, Howrah-711323, West Bengal, India |
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Date of Birth/Age : |
16.10.1973 |
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Qualification : |
B. com(H) |
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|
Date of Appointment : |
03.07.2012 |
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PAN No.: |
AOEPM4359L |
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DIN No.: |
00356858 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Jhunjhunwala |
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|
Designation : |
Director |
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Address : |
3/1, Queens Park Ballygunge, Kolkata-700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
13.12.1961 |
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|
Qualification : |
B com(H) |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.08.2010 |
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PAN No.: |
ACVPJ2365E |
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DIN No.: |
00356925 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gautam Jhunjhunwala |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
375, Prince Anwar Shah Road Fl-23l, T-3 (S.C.), Jadavpur,
Kolkata-700068, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1966 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Chartered Accountant and Cost Accountant |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2016 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACVPJ5088N |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01842968 |
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|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Sanskriti Jhunjhunwala |
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|
Designation : |
Wholetime Director |
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|
Address : |
3/1, Queens Park Ballygunge, Kolkata-700019, West Bengal, India |
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Date of Birth/Age : |
12.10.1989 |
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Qualification : |
Bachelors of Design |
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|
Date of Appointment : |
24.08.2016 |
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PAN No.: |
APAPG6814M |
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DIN No.: |
03315466 |
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Other Directorship :
|
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Pratik Khanna |
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|
Designation : |
Director |
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Address : |
1/8, Nitya Gopal Chatterjee Lane 5 Tala, Kolkata-700037, West
Bengal, India |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
26.12.2016 |
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PAN No.: |
APIPK5363B |
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DIN No.: |
06916477 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Prosenjit De |
|
Designation : |
Chief Finance Officer |
|
Address : |
382, Jodhpur Park, Flat No-1b, Kolkata-700068, West
Bengal, India |
|
Date of Birth/Age : |
07.08.1965 |
|
Qualification : |
M.Com; CA |
|
Date of Appointment : |
06.01.2016 |
|
PAN No.: |
ACNPD3539N |
|
|
|
|
Name : |
Mrs. Sonakshi Swami |
|
Designation : |
Company Secretary |
|
Address : |
137, V.I.P Road, Natural Height, Phase-I Block 4, Flat-3c,
Kaikhali, Kolkata- 700052, West Bengal, India |
|
Date of Birth/Age : |
05.12.1990 |
|
Qualification : |
B.Com(Hons.); CS |
|
Date of Appointment : |
01.03.2016 |
|
PAN No.: |
ENCPS7613N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mani Square Limited |
|
78878970 |
|
Baglas Traders Private Limited |
|
12678970 |
|
Mayurpankh Traders Private Limited |
|
8770000 |
|
Right Click Marketing Private Limited |
|
1430000 |
|
Prajapati Commosale Private Limited |
|
18580000 |
|
Laxminarayan Vyapaar Private Limited |
|
4891337 |
|
Sattva Developers Private Limited |
|
1968147 |
|
Total |
|
127197424 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
67.41 |
|
Public - Bodies corporate |
32.59 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Real Estate Activities and Hotel Services. (Registered activity) |
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||||||
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Products : |
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||||||
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|
|
||||||
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Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
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Agencies Held : |
Not Divulged |
||||||
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|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S Jaykishan Chartered Accountant |
|
Address : |
12, Ho Chi Minh Sarani, Kolkata -700071, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASFS4445F |
|
|
|
|
Secretarial Audit
Report: |
|
|
Name : |
Vinod Kothari and Company |
|
Address : |
1006-1009, Krishna Building, 224 A. J. C. Bose Road, Kolkata-700017, West Bengal, India |
|
PAN No.: |
AAMFV6726E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
U55101WB1959PLC024427 |
|
|
|
|
Others: |
U70101WB2004PTC097736
U74999WB2012PTC184556
L45201WB1982PLC034431
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
135000000 |
Equity Shares |
INR 10/- each |
INR 1350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
127197424 |
Equity Shares |
INR 10/- each |
INR 1271.974 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 |
1271.974 |
1271.974 |
555.191 |
|
(b) Reserves & Surplus |
1946.692 |
2211.095 |
(36.728) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
255.800 |
|
Total
Shareholders’ Funds (1) + (2) |
3218.666 |
3483.069 |
774.263 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6360.928 |
5350.019 |
7056.019 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
746.879 |
669.731 |
450.985 |
|
(d) long-term provisions |
1.725 |
0.730 |
0.500 |
|
Total
Non-current Liabilities (3) |
7109.532 |
6020.480 |
7507.504 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
171.840 |
0.000 |
88.464 |
|
(b) Trade payables |
377.696 |
237.887 |
109.503 |
|
(c) Other current liabilities |
624.929 |
368.766 |
227.693 |
|
(d) Short-term provisions |
0.012 |
11.819 |
0.004 |
|
Total
Current Liabilities (4) |
1174.477 |
618.472 |
425.664 |
|
|
|
|
|
|
TOTAL |
11502.675 |
10122.021 |
8707.431 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7649.095 |
1068.212 |
1079.510 |
|
(ii) Intangible Assets |
23.647 |
1.284 |
0.141 |
|
(iii) Capital work-in-progress |
1096.082 |
5882.204 |
3821.230 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
249.356 |
369.183 |
199.230 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
9018.180 |
7320.883 |
5100.111 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2277.188 |
2522.966 |
3378.364 |
|
(c) Trade receivables |
122.132 |
228.379 |
0.000 |
|
(d) Cash and cash equivalents |
42.108 |
12.003 |
184.779 |
|
(e) Short-term loans and
advances |
27.529 |
20.760 |
44.116 |
|
(f) Other current assets |
15.538 |
17.030 |
0.061 |
|
Total
Current Assets |
2484.495 |
2801.138 |
3607.320 |
|
|
|
|
|
|
TOTAL |
11502.675 |
10122.021 |
8707.431 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
938.797 |
1098.932 |
0.082 |
|
|
Other Income |
6.225 |
3.832 |
0.000 |
|
|
TOTAL
|
945.022 |
1102.764 |
0.082 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
219.476 |
204.911 |
515.322 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
357.080 |
855.398 |
(515.322) |
|
|
Employees benefits expense |
65.819 |
0.000 |
0.000 |
|
|
Expenditure on production, transportation and other expenditure pertaining to exploration and production activities |
15.808 |
0.000 |
0.000 |
|
|
Other expenses |
163.539 |
0.513 |
0.234 |
|
|
TOTAL |
821.722 |
1060.822 |
0.234 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
123.300 |
41.942 |
(0.152) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
253.693 |
0.000 |
0.539 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(130.393) |
41.942 |
(0.691) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
134.010 |
1.050 |
0.881 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(264.403) |
40.892 |
(1.572) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
11.814 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(264.403) |
29.078 |
(1.572) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24.327 |
(4.839) |
(3.248) |
|
|
|
|
|
|
|
Add |
Depreciation
Charge |
0.000 |
0.008 |
(0.019 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(240.076) |
24.247 |
(4.839) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
511.820 |
273.136 |
70.114 |
|
|
TOTAL
IMPORTS |
511.820 |
273.136 |
70.114 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(2.08) |
0.25 |
(0.13) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
283.024 |
2.563 |
0.861 |
|
Net cash flows from (used in) operations |
300.883 |
876.158 |
(414.562) |
|
Net cash flows from (used in) operating activities |
292.980 |
876.158 |
(416.233) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Total Income * 365 Days) |
47.17 |
75.59 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.74 |
4.83 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
628.13 |
423.74 |
77.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.05 |
0.02 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.01 |
0.01 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.68 |
0.59 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.12 |
1.54 |
9.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.36 |
0.18 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.72 |
2.00 |
6.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.49 |
0.00 |
(0.28) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Total Income ) * 100) |
% |
(27.98) |
2.64 |
(1917.07) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(2.30) |
0.29 |
(0.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(8.21) |
0.83 |
(0.20) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.12 |
4.53 |
8.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.18 |
0.45 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.28 |
0.34 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.36 |
4.21 |
12.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.12 |
4.53 |
8.47 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
555.191 |
1271.974 |
1271.974 |
|
Reserves & Surplus |
(36.728) |
2211.095 |
1946.692 |
|
Share Application money pending allotment |
255.800 |
0.000 |
0.000 |
|
Net
worth |
774.263 |
3483.069 |
3218.666 |
|
|
|
|
|
|
Long Term borrowings |
7056.019 |
5350.019 |
6360.928 |
|
Short Term borrowings |
88.464 |
0.000 |
171.840 |
|
Current Maturities of Long term debt |
0.861 |
2.563 |
283.024 |
|
Total
borrowings |
7145.344 |
5352.582 |
6815.792 |
|
Debt/Equity
ratio |
9.229 |
1.537 |
2.118 |
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 |
|
Total
Income |
0.082 |
1102.764 |
945.022 |
|
|
|
1,344,734.146 |
(14.304) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
0.082 |
1102.764 |
945.022 |
|
Profit
/ (Loss) |
(1.572) |
29.078 |
(264.403) |
|
|
(1917.07%) |
2.64% |
(27.98%) |
LEGAL
CASES
DISTRICT AND SESSIONS COURT, FARIDABAD
Case Details
|
Case Type |
Arb |
|
|
|
Filing Number |
2795/2016 |
Filing Date: |
09-05-2016 |
|
Registration No. |
26/2016 |
Registration Date: |
10-05-2016 |
|
Case Code |
201300027952016 |
|
|
Case Status
|
First Hearing Date |
13th May 2016 |
|
Next Hearing Date |
13th May 2016 |
|
Stage of Case |
Appearance |
|
Court No. and Judge |
3-Additional District and Sessions Judge |
Petitioner and Advocate
|
1) PRK INTERIORS PRIVATE LIMITED Address - HAVING ITS OFFICE AT PLOT NO.120-12/6, GURUKUL INSDUSTRIAL ZONE, SARAI KHAWAJA, SEC-38, FARIDABAD. Advocate- ASHISH SHEORAN |
Respondent and Advocate
|
1) FABWORTH PROMOTERS PRIVATE LIMITED Address - HAVING ITS OFFICE AT -9-IT, CHAMBERS, MANI SQUARE, 164/1, AMNIKTALA MAIN ROAD, KOLKATA-700054 |
Acts
|
Under Act(s) |
Under Section(s) |
|
Arbitration and
Conciliation Act |
9 |
CIVIL JUDGE, SR.DIVN.ALIPUR, SOUTH 24 PGS.
Case Details
|
Case Type |
TITLE SUIT |
|
|
|
Filing Number |
6598/2016 |
Filing Date: |
16-08-2016 |
|
Registration No. |
26/2016 |
Registration Date: |
16-08-2016 |
|
Case Code |
WBSP02-001626-2016 |
|
|
Case Status
|
First Hearing Date |
16th August 2016 |
|
Next Hearing Date |
15th December 2017 |
|
Stage of Case |
Written Statement |
|
Court No. and Judge |
34-4th C.J.(S.D.) |
Petitioner and Advocate
|
1) THE KOL MUNICIPAL CORPORATION Address - NEW MARKET,KOL-13 |
Respondent and Advocate
|
1) FABWORTH PROMOTERS PRIVATE LIMITED Address - HALDER AVENUE, KOL-105 |
Acts
|
Under Act(s) |
Under Section(s) |
|
Code of Civil
Procedure |
12345 |
History of Case Hearing
|
Registration
Number |
Judge |
Business On Date |
Hearing Date |
Purpose of
hearing |
|
2611/2016 |
4th C.J.(S.D.) |
18-11-2016 |
Hearing of Petition |
|
|
2611/2016 |
4th C.J.(S.D.) |
15-12-2017 |
Written Statement |
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) |
Yes |
|
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The Registered Office of the company has been shifted from Flat No. 201,
Vijay Tower, 252A, Shahpur Jat, New Delhi-110049, India to the present address
w.e.f 30.06.2011
STATE OF COMPANY
AFFAIRS
The company is engaged in the business of Real Estate and Hotel.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
1250.291 |
286.629 |
|
Other loans and advances |
614.556 |
464.279 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
171.840 |
0.000 |
|
Total |
2036.687 |
750.908 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G73189516 |
100145793 |
PUNJAB NATIONAL BANK |
15/12/2017 |
- |
- |
5900000000.0 |
44 Park Street, Kolkata-700016, Kolkata – 700016, West Bengal, India |
|
2 |
C68385566 |
10599020 |
BANK OF BARODA |
05/10/2015 |
- |
- |
1250000000.0 |
Corporate Financial Service Branch 4, India Exchange Place, (1st Floor), Kolkata - 700001, West Bengal, India |
|
3 |
G01452036 |
10312916 |
YES BANK LIMITED |
21/09/2011 |
31/03/2016 |
- |
5550000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400018, MAHARASHTRA, INDIA |
|
4 |
B23013964 |
10277869 |
ICICI BANK LIMITED |
31/03/2011 |
- |
14/10/2011 |
2750000000.0 |
ICICI BANK TOWERS BANDRA-KURLA COMPLEX, BANDRA (EAST), MUMBAI - 400051, MAHARASHTRA, INDIA |
|
5 |
B23014764 |
10277864 |
ICICI BANK LIMITED |
11/04/2011 |
- |
14/10/2011 |
2750000000.0 |
ICICI BANK TOWERS BANDRA-KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
6 |
A70490347 |
10105218 |
LANDT INFRASTRUCTURE FINANCE COMPANY LIMITED |
20/03/2008 |
04/04/2008 |
29/09/2009 |
500000000.0 |
MOUNT POONAMALLEE ROAD, MANAPAKKAM, CHENNAI – 600089, TAMILNADU, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Estimated amount of contracts remaining to be executed and not provided for (Net of Advances) |
472.147 |
25.304 |
|
Bank Guarantees Outstanding |
8.009 |
6.429 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 records 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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.