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|
MIRA INFORM REPORT
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Report No. : |
491525 |
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Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
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Name : |
KALPATARU PROPERTIES PRIVATE LIMITED (w.e.f 06.06.2006) |
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Formerly Known
As : |
KALPATARU CONSTRUCTION OVERSEAS PRIVATE LIMITED (w.e.f 21.01.1982) KALPATARU CONSULTANTS PRIVATE LIMITED |
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Registered
Office : |
101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East),
Mumbai –
400055, Maharashtra |
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Tel. No.: |
91-22-30645000/ 67543100/ 30643065 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
09.06.1975 |
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Com. Reg. No.: |
11-018371 |
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Capital
Investment / Paid-up Capital : |
INR 62.493 Million |
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CIN No.: [Company Identification
No.] |
U74210MH1975PTC018371 |
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IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
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GST No.: |
27AAACK1975H1ZG |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK1975H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Real Estate Developers. [Registered Activity and
also Confirmed by Management] |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 4324500 INR 302700000 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is a part of “Kalpataru Group”. The company was incorpored in the year 1975. It is engaged in Real Estate Business. For the financial year 2016, the revenue of the company has decreased by 31.11% and has incurred operational loss. The healthy financial profile of the company is marked by strong networth base along with negligible debt level. 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. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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 15.02.2018.
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 PARTED BY
|
Name : |
Mr. Prakash Chandar Bapna |
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Designation : |
Company Secretary and Finance Controller |
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Contact No.: |
91-22-675431000 |
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Date : |
13.02.2018 |
Given VAT No: [27610977906V] does
not belongs to the subject company.
LOCATIONS
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Registered/ Corporate Office : |
101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East),
Mumbai –
400055, Maharashtra, India |
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Tel. No. : |
91-22-30645000/ 67543100/ 30643065 |
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Fax No. : |
91-22-30643131 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Branch Offices : |
Located at: · Thane · Pune · Hyderabad · Indore · Dubai |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Sharadchandra Varajlal Bhansali |
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Designation : |
Director |
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Address : |
142/A, Paschim Apartments, Kashinath Dhuru Road, Dadar, Mumbai-400028, , Maharashtra, India |
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Date of Birth/Age : |
07.05.1934 |
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Qualification : |
Graduate |
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Date of Appointment : |
25.01.2005 |
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PAN No.: |
AAGPB8405L |
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DIN No.: |
00037402 |
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Other Directorship :
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Name : |
Mr. Mofatraj Pukhraj Munot |
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Designation : |
Director |
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Address : |
"Munot Villa", Westfield Compound Lane 63k, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
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Date of Birth/Age : |
04.10.1944 |
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Qualification : |
HSC |
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Date of Appointment : |
26.09.1988 |
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PAN No.: |
AFHPM3594B |
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DIN No.: |
00046905 |
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Other Directorship :
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Name : |
Mr. Imtiaz Husain Kanga |
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Designation : |
Director |
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Address : |
1, Kalpataru 39, Dr. G. Deshmukh Marg, Mumbai-400006, Maharashtra, India |
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Date of Birth/Age : |
30.08.1952 |
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Qualification : |
CA |
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Date of Appointment : |
03.07.1995 |
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PAN No.: |
AADPK6541M |
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DIN No.: |
00136272 |
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Other Directorship :
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Name : |
Mr. Parag Mofatraj Munot |
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Designation : |
Director |
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Address : |
'Munot Villa', Westfield Compound Lane 63k, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
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Date of Birth/Age : |
02.06.1969 |
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Qualification : |
MBA |
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Date of Appointment : |
03.07.1995 |
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PAN No.: |
AADPM8911H |
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DIN No.: |
00136337 |
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Other Directorship :
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KEY EXECUTIVES
|
Mr. Prakash Chandar
Bapna |
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Designation : |
Company Secretary
and Finance Controller |
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Address : |
008, Sitar "B" Wing, Lokpuram, Thane-400601,
Maharashtra, India |
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Date of Appointment : |
12.07.2004 |
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PAN No.: |
ABFPB4810R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Aseem Properties LLP |
186293 |
29.81 |
|
Kalpataru Energy India LLP |
183960 |
29.44 |
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Kalpataru Viniyog LLP |
192408 |
30.79 |
|
Marck Stationery Manufacturing LLP |
62266 |
9.96 |
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|
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Total |
624927 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters – Body Corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged into Real Estate Developers. [Registered Activity
and also Confirmed by Management] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Cheque and Others [RTGS] |
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Purchasing : |
Cheque and Others [RTGS] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Others [Builders and Contractors]
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No. of Employees : |
10 (Approximately) |
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Bankers : |
· Allahabad Bank Allahabad Bank Building, 2nd Floor, 37, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India · Housing Development Finance Corporation Limited · ICICI Bank Limited · Standard Chartered Bank |
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Facilities : |
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Financial Institutions : |
· Aditya Birla Finance Limited Indian Rayon Compound, Veraval - 362266, Gujarat, India · IDBI Trusteeship Services Limited |
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Auditors : |
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Name : |
MGB Company and LLP Chartered Accountants |
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Address : |
Peninsula Business Park, Tower-B, 19th Floor,
Lower Parel, Mumbai-400013, Maharashtra, India |
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PAN No.: |
AAYFM6965C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint venture : |
Agile Real Estate Private Limited, India [U70102MH2008PTC177239] |
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Others Related
Parties : |
· Ananta Landmarks Private Limited, India [U45201MH2002PTC134396] · Ananta Ventures LLP · Appropriate Orchards Private Limited, India [U01111MH2007PTC169005] · Argan Enviro Farms Private Limited, India [U01403MH2007PTC173096] · Argan Real Estate Private Limited, India [U45200MH2007PTC173304] · Argos International Marketing Private Limited, India [U51900MH1998PTC117498] · Ascent Enviro Farms Private Limited, India [U01403MH2007PTC170249] · Ascent Orchards Private Limited, India [U01403MH2007PTC170256] · Aseem Properties Private Limited, India [U70100MH1979PTC021372] · Aseem Ventures LLP · Ashoka Properties Private Limited, India [U45200MH2007PTC167182] · Aura Real Estate Private Limited, India [U70100MH2007PTC172270] · Aura Townships Private Limited, India [U45200MH2007PTC170178] · Axiom Constructions Private Limited, India [U45200MH2005PTC156705] · Axiom Enviro Farms Private Limited, India [U01403MH2007PTC169270] · Axiom Properties Private Limited, India [U70200MH2007PTC167180] · Azure Tree Constructions Private Limited, India [U45200MH2005PTC156706] · Azure Tree Developers LLP · Azure Tree Enviro Farms Private Limited, India [U01111MH2007PTC169060] · Azure Tree Orchards Private Limited, India [U01403MH2007PTC169050] · Azure Tree Properties Private Limited, India [U70100MH2005PTC155203] · Azure Tree Township LLP · Bhramar Investments And Trading Company Private Limited, India [U67120MH1992PTC066543] · Caprihans India Limited, India [L29150MH1946PLC004877] · Corporate Office Products (India) Private Limited, India [U36991MH2000PTC126883] · Corporate Stationery Private Limited, India [U21098MH1994PTC081223] · Databank Office Staples (India) Private Limited, India [U30007MH1996PTC102183] · Hedavkar Mechanical Works Private Limited, India [U28920MH1960PTC011902] · JMC Projects (India) Limited, India [L45200GJ1986PLC008717] · K C Holdings Private Limited, India [U65990MH1981PTC024688] · K V Property Ventures Private Limited, India [U45201MH2002PTC135718] · Kalpak Property Ventures LLP · Kalpataru + Sharyans · Kalpataru Builders · Kalpataru Builders (Mumbai) · Kalpataru Builders (Pune) · Kalpataru Constructions (Pune) · Kalpataru Enterprises · Kalpataru Limited, India [U45200MH1988PLC050144] · Kalpataru Power Transmission Limited, India [L40100GJ1981PLC004281] · Kalpa-Taru Property Ventures LLP · Kalpataru Retail Ventures Private Limited, India [U45202MH2000PTC129761] · Kalpataru Theatre · Kamdhenu Constructions · Kanani Developers LLP · Kara Property Ventures LLP · Kiah Properties Private Limited, India [U45203MH2008PTC181808] · Kiah Real Estate Private Limited, India [U45203MH2008PTC181809] · Kiyana Ventures LLP · KLASSIK Townships Private Limited, India [U45202MH2006PTC163952] · Krish Landscapes Private Limited, India [U45400MH2008PTC177238] · Locksley Hall Hill Resorts Pvt Ltd · Lifestyle Property Ventures Private Limited · Mango People Homes LLP · Maximum Impex Private Limited · Neo Pharma Private Limited · Omega Realtors Private Limited · Padmanagar Constructions Private Limited · Punarvasu Constructions Private Limited · Rainbow Prints Private Limited Rajasthan Stones Pvt Ltd · Sfurti Impex Private Limited · Sfurti Multitrade Private Limited · Shravasti Ventures LLP · Astrum Developers Private Limited · Dynacraft Machine Company Limited · Kalpataru Land Private Limited · Abacus Enviro Farms Private Limited · Kalpataru Properties (Thane) Private Limited · Abacus Orchards Private Limited · Appropriate Enviro Farms Private Limited · Ashoka Orchards Private Limited · Aspen Enviro Farms Private Limited · Aura Orchards Private Limited · Excel Office Products (India) Private Limited · Kalpataru Gardens Private Limited · Shree Shubham Logistics Limited · Abacus Real Estate Private Limited |
|
|
|
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Associate Companies
: |
· Databank Stationery Private Limited, India [U72900MH1995PTC091301] · Databank Trading Company( India) Private Limited, India [U51900MH1996PTC104259] · Durable Stationery Private Limited, India [U36991MH1996PTC097740] · Eversmile Properties Private Limited, India [U70100MH1979PTC021291] · Exclusive Trading Company Private Limited, India [U51100MH1996PTC104369] · Kalpataru Energy (India) Private Limited, India [U45303MH2000PTC128447] · Kalpataru Premises Pvt Ltd, India [U70100MH1981PTC025705] |
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|
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Subsidiary
Companies : |
· Prime Properties Pvt Ltd, India [U45200MH1986PTC038862] · Karmayog Builders Private Limited, India [U45200MH1988PTC050142] · Corporate Stationery Private Limited, India [U21098MH1994PTC081223] · P K Velu And Company Private Limited, India [U51900MH1950PTC007986] · Susme Builders Pvt Ltd, India [U45200MH1983PTC029302] · Abacus Real Estate Private Limited, India [U70102MH2007PTC173337] · Kalpataru Land Private Limited, India [U45200MH1996PTC103763] · Yugdharm Investment and Trading Company Private Limited, India [U67120MH1993PTC074181] |
CAPITAL STRUCTURE
AS ON: 31.03.2016
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 [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
62.493 |
62.493 |
62.493 |
|
(b) Reserves and Surplus |
1451.095 |
1466.588 |
1407.622 |
|
(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) |
1513.588 |
1529.081 |
1470.115 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.841 |
0.440 |
1209.901 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
54.061 |
30.288 |
526.397 |
|
(d) long-term provisions |
2.202 |
2.104 |
2.503 |
|
Total Non-current
Liabilities (3) |
57.104 |
32.832 |
1738.801 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
9974.079 |
5638.007 |
3696.414 |
|
(b) Trade
payables |
74.371 |
31.979 |
49.000 |
|
(c) Other
current liabilities |
152.502 |
1851.093 |
2900.972 |
|
(d) Short-term
provisions |
4.801 |
5.778 |
23.886 |
|
Total Current
Liabilities (4) |
10205.753 |
7526.857 |
6670.272 |
|
|
|
|
|
|
TOTAL |
11776.445 |
9088.770 |
9879.188 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
29.990 |
81.459 |
94.135 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.716 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2532.317 |
2482.131 |
2476.896 |
|
(c) Deferred tax assets (net) |
15.424 |
31.239 |
23.110 |
|
(d)
Long-term loans and advances |
197.073 |
225.061 |
896.107 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2774.804 |
2819.890 |
3490.964 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2408.463 |
2125.688 |
1626.094 |
|
(c) Trade
receivables |
36.359 |
78.640 |
90.241 |
|
(d) Cash and
bank balances |
8.223 |
43.873 |
197.164 |
|
(e)
Short-term loans and advances |
5430.853 |
3205.434 |
3902.651 |
|
(f) Other
current assets |
1117.743 |
815.245 |
572.074 |
|
Total
Current Assets |
9001.641 |
6268.880 |
6388.224 |
|
|
|
|
|
|
TOTAL |
11776.445 |
9088.770 |
9879.188 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1064.066 |
1544.701 |
1569.616 |
|
|
Other Income |
60.287 |
24.963 |
52.205 |
|
|
TOTAL |
1124.353 |
1569.664 |
1621.821 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
161.408 |
514.062 |
353.414 |
|
|
Employee benefit expense |
24.249 |
35.841 |
37.873 |
|
|
Other expenses |
84.900 |
83.404 |
509.764 |
|
|
TOTAL |
270.557 |
633.307 |
901.051 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
853.796 |
936.357 |
720.770 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
842.604 |
775.661 |
686.175 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.192 |
160.696 |
34.595 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.884 |
33.060 |
22.194 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.308 |
127.636 |
12.401 |
|
|
|
|
|
|
|
Less |
TAX |
15.801 |
64.551 |
25.562 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(15.493) |
63.085 |
(13.161) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(24.79) |
100.95 |
(21.06) |
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
1100.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 1150.000 Million [Due to Business
Growth]
The above information has been parted by Mr. Prakash Chandar
Bapna [Company
Secretary and Finance
Controller]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.787 |
502.415 |
709.983 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(442.773) |
(210.886) |
21.176 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(455.508) |
(242.289) |
(709.020) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
12.47 |
18.58 |
20.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
29.27 |
19.64 |
17.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
168.18 |
22.71 |
50.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.35 |
0.44 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
28.47 |
11.49 |
7.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.88 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
6.59 |
4.02 |
3.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.74 |
4.92 |
4.54 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.05 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.01 |
1.21 |
1.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(1.46) |
4.08 |
(0.84) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.13) |
0.69 |
(0.13) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(1.02) |
4.13 |
(0.90) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.88 |
0.83 |
0.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.65 |
0.55 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.13 |
0.17 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
159.63 |
98.26 |
89.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.88 |
0.83 |
0.96 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
62.493 |
62.493 |
62.493 |
|
Reserves & Surplus |
1407.622 |
1466.588 |
1451.095 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1470.115 |
1529.081 |
1513.588 |
|
|
|
|
|
|
Long-term borrowings |
1209.901 |
0.440 |
0.841 |
|
Short term borrowings |
3696.414 |
5638.007 |
9974.079 |
|
Current maturities of
long-term debts |
709.983 |
502.415 |
0.787 |
|
Total
borrowings |
5616.298 |
6140.862 |
9975.707 |
|
Debt/Equity
ratio |
3.820 |
4.016 |
6.591 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1569.616 |
1544.701 |
1064.066 |
|
|
|
(1.587) |
(31.115) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1569.616 |
1544.701 |
1064.066 |
|
Profit/ (Loss) |
(13.161) |
63.085 |
(15.493) |
|
|
(0.84
%) |
4.08
% |
(1.46
%) |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
72.493 |
72.493 |
|
(b) Reserves and Surplus |
|
955.486 |
1098.181 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
38.771 |
25.687 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1027.979 |
1170.674 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3202.566 |
2612.940 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
54.061 |
1030.289 |
|
(d) long-term
provisions |
|
2.230 |
2.109 |
|
Total Non-current
Liabilities (3) |
|
3258.857 |
3645.338 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
17050.257 |
12657.303 |
|
(b) Trade
payables |
|
148.972 |
91.223 |
|
(c) Other
current liabilities |
|
3882.350 |
4084.125 |
|
(d) Short-term
provisions |
|
15.515 |
8.592 |
|
Total Current
Liabilities (4) |
|
21097.094 |
16841.243 |
|
|
|
|
|
|
TOTAL |
|
25422.701 |
21682.942 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
98.568 |
142.519 |
|
(ii)
Intangible Assets |
|
77.641 |
77.566 |
|
(iii) Tangible assets capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3254.277 |
3241.782 |
|
(c) Deferred tax assets (net) |
|
280.913 |
225.423 |
|
(d)
Long-term loans and advances |
|
245.640 |
258.887 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
3957.039 |
3946.177 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
15498.620 |
13379.859 |
|
(c) Trade
receivables |
|
43.225 |
83.829 |
|
(d) Cash and
bank balances |
|
27.576 |
372.726 |
|
(e)
Short-term loans and advances |
|
5140.358 |
3313.225 |
|
(f) Other
current assets |
|
755.883 |
587.126 |
|
Total
Current Assets |
|
21465.662 |
17736.765 |
|
|
|
|
|
|
TOTAL |
|
25422.701 |
21682.942 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
864.186 |
1386.683 |
|
|
Other Income |
|
63.396 |
26.849 |
|
|
TOTAL |
|
927.582 |
1413.532 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
143.996 |
494.951 |
|
|
Employee benefit expense |
|
24.330 |
35.841 |
|
|
Other expenses |
|
89.310 |
85.358 |
|
|
TOTAL |
|
257.636 |
616.150 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
669.946 |
797.382 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
836.441 |
847.479 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(166.495) |
(50.097) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
11.268 |
33.558 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(177.763) |
(83.655) |
|
|
|
|
|
|
|
Less |
TAX |
|
(37.030) |
9.296 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(140.733) |
(92.951) |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(3.510) |
(1.465) |
|
|
|
|
|
|
|
|
SHARE OF
PROFIT (LOSS) OF ASSOCIATES |
|
1.547 |
0.476 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) FOR PERIOD |
|
(142.696) |
(93.941) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(228.35) |
(150.32) |
LEGAL CASES
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 18.08.2017 |
|
LODGING NO: COMAPL/68/2017 FILING
DATE: 18.08.2017 REG. NO: COMAP/ 169/ 2017 REG.
DATE: 21.11.2017 |
|
PETITIONER:
VIJAY INFRASTRUCTURE TECHNOLOGIES RESPONDENT: KALPATARU
PROPERITIES PRIVATE LIMITED [FORM RESP. ADV.: JOY LEGAL CONSULTANTS (I2119) Resp.
Adv: FEDERAL AND RASHMIKANT (706)
DISTRICT: MUMBAI |
|
BENCH: Division STATUS: PRE-ADMISSION CATEGORY:
Appeals Arising out of orders Passed in notice of motions in commercial
divisions matters Last Date: 12.02.2018 Stage:
For Admission Last Coram: HON’BLE SHRI JUSTICE NARESH H. PATIL HON’BLE SHRI JUSTICE
NITIN W. SAMBRE |
|
ACT: Arbitration and
Conciliation Act 1996 Under Section :- 34 |
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 18.08.2017 |
|
LODGING NO: NMCAL/49/2017 FILING DATE: 18.08.2017 REG. NO: NMCA/44/2017 REG.
DATE: 10.11.2017 |
|
Main Matter Lodging No: COMAPL/67/2017
Reg No: COMAP/152/2017 |
|
PETITIONER:
SHREE RAM UNRBAN INFRASTRUCTURE LIMITED RESPONDENT: KALPATARU
PROPERITIES PRIVATE LIMITED [FORM RESP. ADV.: JAYAKAR AND PARTNERS (I3449) Resp.
Adv: JOY LEGAL CONSULTANTS (I2119)
DISTRICT: MUMBAI |
|
BENCH: Division STATUS: PRE-ADMISSION CATEGORY: NOTICE OF MOTIONS IN COMMERCIAL DIVISION MATTERS Last Date: 12.02.2018 Stage:
For Admission Last Coram: HON’BLE SHRI JUSTICE NARESH H. PATIL HON’BLE SHRI JUSTICE
NITIN W. SAMBRE |
|
ACT: Arbitration and
Conciliation Act 1996
|
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 |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G71061733 |
100141980 |
ICICI BANK LIMITED |
25/11/2017 |
- |
- |
1818000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
2 |
G40209694 |
100088002 |
IDBI TRUSTEESHIP SERVICES LIMITED |
16/03/2017 |
- |
- |
500000000.0 |
Asian Building, Ground Floor, 17R Kamani Marg, Ballard Estate, Mumbai - 400 001MumbaiMH400001IN |
|
3 |
G11404274 |
100049100 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
23/08/2016 |
- |
- |
5400000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMa400020IN |
|
4 |
C80280308 |
10622647 |
JM Financial Credit Solutions Limited |
06/02/2016 |
- |
- |
1300000000.0 |
7th Floor, Cnergy, Appasaheb Marathe Marg,PrabhadeviMUMBAIMH400025IN |
|
5 |
C77000180 |
10615810 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
31/12/2015 |
- |
- |
600000000.0 |
One Forbes, Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
6 |
C55224349 |
10572497 |
ICICI BANK LIMITED |
13/05/2015 |
- |
- |
1494000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
B75900639 |
10428285 |
Axis Bank Limited |
17/05/2013 |
- |
- |
75000000.0 |
Corporate Banking Branch, Axis House, Ground FloorBombay Dyeing Mills Compound, P. B. Marg,MumbaiMH380006IN |
|
8 |
Y10350223 |
90242586 |
ORIENTAL BANK OF COMMERCE |
08/11/2004 |
- |
- |
900000000.0 |
FORT BRANCH JASH CHAMBERSSIR P.M. ROAD FORTMUMBAIMH400001IN |
|
9 |
Y10262334 |
90161087 |
CITI BANK N.A |
02/09/2003 |
- |
- |
39000000.0 |
CITI TOWER61; DR. S.S. RAO ROAD; PARELMUMBAIMH400012IN |
|
10 |
Y10267864 |
90166617 |
UNION BANK OF INDIA |
19/04/1999 |
- |
- |
25000000.0 |
INDUSTRIAL FINANCE BRANCH239; VIDHAN BHAWAN MARG; NARIMAN POINTMUMBAIMH400021IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
1750.000 |
1750.000 |
|
Rupee term loans from others |
3250.000 |
2000.000 |
|
Working capital loans from banks |
87.760 |
100.000 |
|
Intercorporate deposits |
3689.102 |
1500.347 |
|
Loans and advances from others |
0.000 |
9.352 |
|
|
|
|
|
Total |
8776.862 |
5359.699 |
OPERATIONS:
During the year, the progress of construction and development work of residential project “KALPATARU SPLENDOUR” at Pune was satisfactory.
Total Income of the Company during the year was INR 1124.400 Million in the current year (2015-16) as compared to INR 1569.700 Million in the previous year (2014-15). Profit Before Tax (PBT) was INR 0.300 Million in the current year as compared to INR 127.600 Million in the previous year, whereas Profit After Tax (PAT) was INR (15.500) Million as compared to Profit After Tax of INR 63.100 Million in 2014-15. The dip in performance was primarily due to sluggish market conditions impacting sales/ sales velocities.
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
FIXED ASSETS:
Tangible 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 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 64.13 |
|
UK Pound |
1 |
INR 89.17 |
|
Euro |
1 |
INR 79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
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.