|
|
|
MIRA INFORM REPORT
|
Report No. : |
507741 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMJ LAND HOLDINGS LIMITED |
|
|
|
|
Formerly Known
As : |
PUDUMJEE PULP AND PAPER MILLS LIMITED |
|
|
|
|
Registered
Office : |
Thergaon, Pune – 411033, Maharashtra |
|
Tel. No.: |
91-20-30613456 |
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
19.11.1964 |
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|
|
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Com. Reg. No.: |
11-013058 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
INR 82.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L21012MH1964PLC013058 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0388014890 |
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TIN / CST No.: |
27580001957 |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCP0310Q1ZG |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCP0310Q |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
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|
|
Line of Business
: |
The Company is engaged in the business of Real
Estate development as also in generating Wind Power. [Registered Activity] |
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|
|
|
No. of Employees
: |
5 (Approximately) |
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
AMJ Land Holdings Limited (erstwhile Pudumjee Pulp and Paper Mills Limited), the Company was incorporated in '1964' for manufacturing Specialty Papers at its plant at Pune. The Company has diversified into wide range of specialty papers and several other activities including converted Tissue products, Real Estate development, Information Technology and FMCG products. The Company demerged its paper manufacturing business in January 2016. The Company currently is in its core business of Real Estate Development at Pune in Maharashtra. With effect from 26th December, 2017, the Registrar of Companies, Pune has approved the change of name of ‘‘Pudumjee Pulp & Paper Mills Limited’ to “AMJ Land Holdings Limited.” The Company is also engaged in the business of generation and sale of power at its 3 Wind Power Plants having an aggregate generation capacity of 4.6 MW which are located at Satara and Sangli in the State of Maharashtra. It is an established company incorporated in the year 1964 having satisfactory track record. For the financial year ended 2017, revenue and profit of the company has declined. However, the company possesses an acceptable financial profile marked by healthy net worth base along with negligible debt recorded. The company also derives strength from its long established track record of business operation. . Trade relations are reported as fair. Business is active. Payment terms are seems to be slow but correct. 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating= BBB+ (Withdrawal) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
16.02.2018 |
Reason for withdrawal: On the request of the company, receipt of a no-dues certificate from its banker and transfer of assets and liabilities of paper division from AMJ to Pudumjee Paper Products Limited (PPPL) as per Bombay High Court Order dated January 8, 2016. The rating action is in line with CRISIL’s policy on withdrawal of ratings.
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
31-03-2018.
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 08.05.2018
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 BY
|
Name : |
Mr. Nair |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-20-30613333 |
|
Date : |
05.05.2018 |
LOCATIONS
|
Registered Office : |
Thergaon, Pune – 411033, Maharashtra, India |
|
Tel. No.: |
91-20-30613456 / 40773388 / 30613333 |
|
Fax No.: |
91-20-40773388 |
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E-Mail : |
|
|
Website : |
|
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|
Corporate Office: |
Jatla Chambers, 60, Dr. V B Gandhi Marg, Kalaghoda, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-30213333 / 22674485 / 66339300 |
|
Fax No.: |
91-22-22658316 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ved Prakash Leekha |
|
Designation : |
Managing Director |
|
Address : |
F.No.211/212, Sr.No.3, Hissa No.11, Building A, Eves Garden, Baner, Pune-411045, Maharashtra, India |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00048568 |
|
|
|
|
Name : |
Mr. Gautam Khaitan |
|
Designation : |
N-12, Panchsheel Park, New Delhi-110017, India |
|
Address : |
Director |
|
Date of Appointment : |
23.10.2013 |
|
DIN No.: |
00021117 |
|
|
|
|
Name : |
Mr. Surendra Kumar Bansal |
|
Designation : |
Wholetime Director |
|
Address : |
9, Meghrajshree, 17/1, Ideal Colony, Kothrud, Pune-411038, Maharashtra, India |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00031115 |
|
|
|
|
Name : |
Mr. Nandan Surajratan Damani |
|
Designation : |
Director |
|
Address : |
Damani House,11, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Appointment : |
26.07.2014 |
|
DIN No.: |
00058396 |
|
|
|
|
Name : |
Mr. Bhupendra Champaklal Dalal |
|
Designation : |
Directo |
|
Address : |
42, Chitrakoot Altamount Road, Mumbai-400026, Maharashtra, India |
|
Date of Appointment : |
29.08.2009 |
|
DIN No.: |
00061492 |
|
|
|
|
Name : |
Mr. Vinod Kumar Beswal |
|
Designation : |
Director |
|
Address : |
53/58, Ameeta Building, 11th Floor, 7 General Jagannath Bhosale Marg, Near Sachivalaya, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Date of Appointment : |
25.08.2012 |
|
DIN No.: |
00120095 |
|
|
|
|
Name : |
Mrs. Preeti Gautam Mehta |
|
Designation : |
Director |
|
Address : |
22, Bennett Villa, 27, Wodehouse Road, Colaba, Mumbai-400039, Maharashtra, India |
|
Date of Appointment : |
01.11.2014 |
|
DIN No.: |
00727923 |
|
|
|
|
Name : |
Mr. Arunkumar Mahabir Prasad Jatia |
|
Designation : |
Wholetime Director |
|
Address : |
Jatia Chamber, 60, Dr. V. B. Gandhi Marg, Fort,
Mumbai-400001, Maharashtra, India |
|
Date of Appointment : |
26.06.1998 |
|
DIN No.: |
01104256 |
|
|
|
|
Name : |
Mr. Ashok Kumar |
|
Designation : |
Director |
|
Address : |
Flat 1286, Sfsea Pocket, Bans, Vasant Kunj, New Delhi-110070, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07111155 |
KEY EXECUTIVES
|
Name : |
Mr. Surendra Kumar Bansal |
|
Designation : |
Chief Finance Officer (KMP) |
|
Address : |
9, Meghrajshree, 17/1, Ideal Colony, Kothrud, Pune-411038, Maharashtra, India |
|
Date of Appointment : |
17.05.2014 |
|
PAN No.: |
AAPPB2944P |
|
|
|
|
Name : |
Mr. Ranganath Manohar Kulkarni |
|
Designation : |
Company Secretary |
|
Address : |
Nisarg Phase-1, Flat A-6, Kalewadi Phata, Wakad, Pune-411057, Maharashtra, India |
|
Date of Appointment : |
01.06.2014 |
|
PAN No.: |
AATPK9960E |
SHAREHOLDING PATTERN
AS ON March 2018
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
25319361 |
61.75 |
|
(B) Public |
15680639 |
38.25 |
|
Grand Total |
41000000 |
100.00 |
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
Individuals/Hindu
undivided Family |
2048100 |
5.00 |
|
Arun Kumar
Mahabir Prasad Jatia |
2048000 |
5.00 |
|
Yashvardhan Jatia |
100 |
0.00 |
|
Any Other
(specify) |
22271261 |
54.32 |
|
Chem Mach Private
Limited |
2533265 |
6.18 |
|
Pudumjee
industries Limited |
3412850 |
8.32 |
|
Suma Commercial
Private Limited |
5123036 |
12.50 |
|
Thacker and co.
Limited |
6368253 |
15.53 |
|
Yashvardhan Jatia
Trust (Arun Kumar Mahabir Prasad Jatia Gautam N Jajodia Trustees of The
Trust) |
4833857 |
11.79 |
|
Sub Total A1 |
24319361 |
59.32 |
|
A2) Foreign |
|
0.00 |
|
Individuals
(NonResident Individuals/ Foreign Individuals) |
1000000 |
2.44 |
|
Vrinda Jatia |
500000 |
1.22 |
|
Vasudha Jatia |
500000 |
1.22 |
|
Sub Total A2 |
1000000 |
2.44 |
|
A=A1+A2 |
25319361 |
61.75 |
Statement showing shareholding pattern of the Public
shareholder
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
Financial
Institutions/ Banks |
1430 |
0.00 |
|
Insurance
Companies |
250 |
0.00 |
|
Sub Total B1 |
1680 |
0.00 |
|
Individual share
capital upto INR 0.200 million |
9763476 |
23.81 |
|
Individual share
capital in excess of INR 0.200 million |
2800976 |
6.83 |
|
Dilip Thakkar |
890662 |
2.17 |
|
Manju Gaggar |
458320 |
1.12 |
|
NBFCs registered
with RBI |
10501 |
0.03 |
|
Any Other
(specify) |
3104006 |
7.57 |
|
Non-Resident
Indian (NRI) |
155702 |
0.38 |
|
Non-Resident
Indian (NRI) |
36401 |
0.09 |
|
Bodies Corporate |
2417542 |
5.90 |
|
Halan Properties
Private Limited |
1530000 |
3.73 |
|
Clearing Members |
9854 |
0.02 |
|
Investor
Education and Protection Fund Authority Ministry of Corporate Affairs |
484507 |
1.18 |
|
Sub Total B3 |
15678959 |
38.24 |
|
B=B1+B2+B3 |
15680639 |
38.25 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of Real
Estate development as also in generating Wind Power. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
||||||
|
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|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
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Facilities : |
NOTES: LONG TERM BORROWINGS ** Excluding INR 12.950 million (Last year INR 17.200 million) shown under "Current maturities of Long Term Debt" Repayable in 20 equal quarterly instalments begging with 25.9.2013 *** Excluding INR 1.350 million (Last year INR 1.230 million) shown under "Current maturities of Long Term Debt" Repayable in 36 Monthly installments beginning with
1.2.2016 |
|
Auditors : |
|
|
Name : |
Khare and Company Chartered Accountants |
|
Address : |
Mini Apartments, 795, Bhandarkar Institute Road, Deccan Gymkhana,
Pune-411004, Maharashtra, India |
|
Tel. No.: |
91-20-25679706 |
|
|
|
|
Solicitors : |
Kanga
and Company |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company
: |
· Pudumjee Investment and Finance Co. Limited |
|
|
|
|
Associate Firms/
Companies : |
· Pudumjee-G : Corp Developers · Pudumjee Industries Limited · Pudumjee Plant Laboratories Limited · Pudumjee Hygeine Products Limited · Pudumjee Holding Limited · Pudumjee Paper Products Limited · G:Corp Township Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47500000 |
Equity Shares |
INR 2/- each |
INR 95.000 Million |
|
50000 |
Redeemable Cumulative Preference Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Shares |
INR 2/- each |
INR 82.000
Million |
|
|
|
|
|
The reconciliation of the number of Equity
shares outstanding:-
|
Equity Shares |
Number
of Shares |
|
Equity Shares at the beginning and end of the year |
41000000 |
The details of
Shareholders holding more than 5% shares
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Thacker and Co. Limited |
6368253 |
15.53 |
|
Pudumjee Industries Limited |
3412850 |
8.32 |
|
Suma Commercial Private Limited |
5123036 |
12.50 |
|
Chem-Mach Private Limited |
2533265 |
6.18 |
|
Arunkumar Mahabir Prasad Jatia |
2048000 |
5.00 |
|
Yashvardhan Jatia Trust |
4733857 |
11.55 |
|
Yashvardhan Jatia |
-- |
-- |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
82.000 |
82.000 |
82.000 |
|
(b) Reserves & Surplus |
833.745 |
773.002 |
1731.280 |
|
(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) |
915.745 |
855.002 |
1813.280 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
36.785 |
51.085 |
459.458 |
|
(b) Deferred tax liabilities (Net) |
42.827 |
43.927 |
144.000 |
|
(c) Other long term
liabilities |
0.002 |
0.184 |
75.890 |
|
(d) long-term
provisions |
23.732 |
28.324 |
79.074 |
|
Total Non-current
Liabilities (3) |
103.346 |
123.520 |
758.422 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
281.066 |
|
(b) Trade
payables |
8.548 |
6.071 |
424.673 |
|
(c) Other
current liabilities |
18.739 |
37.999 |
363.777 |
|
(d) Short-term
provisions |
3.127 |
12.561 |
30.581 |
|
Total Current
Liabilities (4) |
30.414 |
56.631 |
1100.097 |
|
|
|
|
|
|
TOTAL |
1049.505 |
1035.153 |
3671.799 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
352.230 |
330.500 |
1081.216 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.927 |
|
(iii)
Capital work-in-progress |
13.087 |
4.649 |
646.892 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
49.706 |
39.631 |
39.631 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
300.210 |
365.587 |
747.052 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
715.233 |
740.367 |
2515.718 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
47.428 |
0.000 |
0.000 |
|
(b)
Inventories |
178.362 |
174.670 |
561.287 |
|
(c) Trade
receivables |
2.505 |
2.173 |
322.290 |
|
(d) Cash
and cash equivalents |
4.376 |
7.935 |
49.954 |
|
(e)
Short-term loans and advances |
101.601 |
110.008 |
222.550 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
334.272 |
294.786 |
1156.081 |
|
|
|
|
|
|
TOTAL |
1049.505 |
1035.153 |
3671.799 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
83.016 |
124.519 |
2914.775 |
|
|
|
Other Income |
37.689 |
32.348 |
97.004 |
|
|
|
TOTAL |
120.705 |
156.867 |
3011.779 |
|
|
|
|
|
|
|
|
Less |
REVENUE OF
DISCONTINUED OPERATIONS |
0.000 |
0.000 |
2810.748 |
|
|
|
|
|
|
|
|
|
|
REVENUE FROM
CONTINUING OPERATIONS |
120.705 |
156.867 |
201.031 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
1500.797 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
1.953 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
29.633 |
|
|
|
Employees benefits expense |
24.508 |
26.538 |
299.968 |
|
|
|
Other expenses |
28.123 |
31.252 |
800.758 |
|
|
|
Prior period income (expenses) |
1.939 |
(3.750) |
0.000 |
|
|
|
Expenses Of Discontinued
Operations |
0.000 |
0.000 |
(2731.841) |
|
|
|
TOTAL |
54.570 |
54.040 |
(98.732) |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
66.135 |
102.827 |
299.763 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.352 |
8.472 |
90.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
61.783 |
94.355 |
209.381 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
18.855 |
15.898 |
50.493 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
42.928 |
78.457 |
158.888 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(17.908) |
3.000 |
0.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
60.836 |
75.457 |
158.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT FROM DISCONTINUING
OPERATIONS |
-- |
0.000 |
78.907 |
|
|
|
|
|
|
|
|
|
LESS |
TAX EXPENSE OF
DISCONTINUED OPERATIONS |
-- |
0.000 |
34.833 |
|
|
|
|
|
|
|
|
|
|
PROFIT FROM DISCONTINUED
OPERATIONS |
-- |
0.000 |
44.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR |
60.836 |
75.457 |
202.695 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
NA |
0.000 |
46.164 |
|
|
|
Deemed Exports. |
NA |
0.000 |
0.242 |
|
|
TOTAL EARNINGS |
NA |
0.000 |
46.406 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.000 |
941.683 |
|
|
|
Stores & Spares |
NA |
0.000 |
43.896 |
|
|
|
Capital Goods |
NA |
0.000 |
62.897 |
|
|
|
Trade Goods |
NA |
0.000 |
1.678 |
|
|
TOTAL IMPORTS |
NA |
0.000 |
1050.154 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
1.48 |
1.84 |
4.94 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
Fixed Deposits |
0.000 |
0.000 |
186.114 |
|
Secured Debts |
14.300 |
35.530 |
129.714 |
|
Unsecured Debts |
0.000 |
0.000 |
15.996 |
|
Total |
14.300 |
35.530 |
331.824 |
|
|
|
|
|
|
Cash generated from operations |
51.306 |
34.847 |
37.259 |
|
Net cash from Operating Activities |
53.879 |
48.476 |
8.176 |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net sales |
53.430 |
58.460 |
82.880 |
|
Total Expenditure |
48.380 |
40.360 |
56.500 |
|
PBIDT (Excluding Other Income) |
5.050 |
18.100 |
26.380 |
|
Other income |
8.400 |
8.660 |
8.130 |
|
Operating Profit |
13.450 |
26.760 |
34.510 |
|
Interest |
3.520 |
1.060 |
0.260 |
|
Exceptional Items |
0.000 |
NA |
NA |
|
PBDT |
9.930 |
25.700 |
34.250 |
|
Depreciation |
4.650 |
4.540 |
4.550 |
|
Profit Before Tax |
5.280 |
21.150 |
29.700 |
|
Tax |
1.430 |
5.580 |
8.500 |
|
Provisions and contingencies |
NA |
NA |
NA |
|
Profit after tax |
3.850 |
15.580 |
21.200 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
3.850 |
15.580 |
21.200 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
11.01 |
6.37 |
40.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
33.14 |
57.30 |
9.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
103.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.37 |
0.59 |
0.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.18 |
0.31 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.08 |
0.14 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.06 |
0.10 |
0.59 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.03 |
0.07 |
0.61 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.40 |
0.39 |
0.95 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
15.20 |
12.14 |
3.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
73.28 |
60.60 |
6.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.80 |
7.29 |
5.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.64 |
8.83 |
11.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
10.99 |
5.21 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
5.13 |
2.12 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.87 |
0.83 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.62 |
1.06 |
13.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
10.99 |
5.21 |
1.05 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
Market Value |
INR 26.00/- |
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 |
82.000 |
82.000 |
82.000 |
|
Reserves & Surplus |
1731.280 |
773.002 |
833.745 |
|
Net
worth |
1813.280 |
855.002 |
915.745 |
|
|
|
|
|
|
Long-Term Borrowings |
459.458 |
51.085 |
36.785 |
|
Short Term Borrowings |
281.066 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
331.824 |
35.530 |
14.300 |
|
Total
borrowings |
1072.348 |
86.615 |
51.085 |
|
Debt/Equity
ratio |
0.591 |
0.101 |
0.056 |
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 |
2914.775 |
124.519 |
83.016 |
|
|
|
(95.728) |
(33.331) |
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
|
2914.775 |
124.519 |
83.016 |
|
Profit |
202.695 |
75.457 |
60.836 |
|
|
6.95% |
60.60% |
73.28% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
82.000 |
82.000 |
|
(b) Reserves &
Surplus |
|
860.398 |
790.927 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
942.398 |
872.927 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
126.785 |
111.085 |
|
(b) Deferred tax
liabilities (Net) |
|
42.827 |
43.927 |
|
(c) Other long term
liabilities |
|
0.002 |
0.184 |
|
(d) long-term provisions |
|
23.732 |
28.324 |
|
Total Non-current
Liabilities (3) |
|
193.346 |
183.520 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
8.640 |
|
(b) Trade payables |
|
40.954 |
53.651 |
|
(c) Other current
liabilities |
|
110.161 |
105.508 |
|
(d) Short-term provisions |
|
3.127 |
10.984 |
|
Total Current Liabilities
(4) |
|
154.242 |
178.783 |
|
|
|
|
|
|
TOTAL |
|
1289.986 |
1235.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
355.488 |
334.093 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
13.087 |
4.649 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
120.188 |
110.715 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
236.640 |
253.234 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
725.403 |
702.691 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
49.278 |
0.109 |
|
(b) Inventories |
|
333.015 |
367.635 |
|
(c) Trade receivables |
|
16.897 |
11.165 |
|
(d) Cash and cash
equivalents |
|
47.958 |
37.431 |
|
(e) Short-term loans and
advances |
|
117.435 |
116.199 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
564.583 |
532.539 |
|
|
|
|
|
|
TOTAL |
|
1289.986 |
1235.230 |
PROFIT & LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
253.849 |
337.418 |
|
|
Other Income |
|
44.247 |
35.965 |
|
|
TOTAL |
|
298.096 |
373.383 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
52.332 |
114.813 |
|
|
Trade Purchases |
|
23.225 |
23.268 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
37.695 |
10.648 |
|
|
Employees benefits
expense |
|
30.614 |
35.637 |
|
|
Other expenses |
|
54.277 |
46.853 |
|
|
Prior Period Income
/(Expenses) |
|
1.939 |
(3.750) |
|
|
TOTAL |
|
200.082 |
227.469 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
98.014 |
145.914 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
12.808 |
17.252 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
85.206 |
128.662 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
19.435 |
17.434 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
65.771 |
111.228 |
|
|
|
|
|
|
|
Less |
TAX |
|
(4.408) |
39.895 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
70.179 |
71.333 |
|
|
|
|
|
|
|
Add |
SHARES OF PROFIT /(LOSS)
FROM ASSOCIATE |
|
(0.562) |
0.650 |
|
|
|
|
|
|
|
|
NET PROFIT FOR THE YEAR AFTER TAX AND SHARE OF PROFIT FROM ASSOCIATE |
|
69.617 |
71.983 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1.70 |
1.76 |
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 |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
As you may be aware that
after the demerger of its Paper manufacturing activity on 1st February, 2016,
the Company is engaged in the business of Real Estate development as also in
generating Wind Power from its three plants located at Satara and Sangli.
A residential project
"GREENS" at Thergaon, Pune, is being developed in Partnership with
the land provided by the Company. The project has so far completed five
buildings having 470 apartments which have been sold and handed over to the
customers. The 6th building having 16 floors was taken up for construction in
2014 is in the advanced stage of completion and is likely to be completed in
the next financial year. The construction of the building was stalled for about
10 months for receipt of approval for additional four floors. Consequently, the
Company's share of profit in the firm is lower at ` 267.63 lakhs (last year `
707.52 lakhs). The firm has taken up construction of Amenities Building of
about 40,000 sq. ft. area in the project in which the space offered for sale
was booked by the customers in a very short span of time.
Approvals are awaited for
developing 12 acres of land at Pune in Partnership arrangement having a potential
development of 9 lakh sq. ft. of residential apartments for which a Memorandum
of Understanding was entered into last year.
The Company will also
develop a residential and commercial project of about 12,00,000 sq.ft. at
Village Ranjoli, Dist. Thane in joint venture under GCorp Township Private
Limited in which the Company holds 50% stake. The GREENVILLE project being
developed by the Company is awaiting statutory approvals. The three wind power
generation plants located at Satara and Sangli (Maharashtra) are operating
satisfactorily and have generated 67.70 lakhs Kwh of energy during this
financial year.
CHANGE IN NAME:
Pursuant to the Scheme of
Arrangement and Reconstruction (Demerger), the Company's paper manufacturing
business has been de-merged and henceforth the Company would continue the
business of Real Estate and Wind Power. Accordingly the name of the Company is
proposed to be changed subject to the approval of Central Government, Stock
Exchanges and Shareholders. Last year the proposed name i.e. AJ Land Holdings
Limited was not approved so far by SEBI/Stock Exchanges and Registrar of
Companies, Pune did not renew that name and hence the proposed resolution is
being moved.
MANAGEMENT DISCUSSION AND
ANALYSIS:
The Company operates mainly
in the business of Real Estate development and Wind Power generation. A
residential project spread over at 12 acre land at Pune is satisfactorily
progressing and has so far handed over 470 apartments in five buildings to the
customers. The sixth building is nearing completion. An amenity building
recently launched has received encouraging response from the customer’s inspite
of prevailing slowdown in the Real Estate business which is further deepened by
the demonetization. The construction of 7th building having 124 flats is
expected to be taken up in next financial year in view of the prevailing
business scenario as also the required clarity on the TDR Policy announced by
the State Government.
Another project which is to
be taken up in Partnership having residential apartments aggregating about
9,00,000 sq. ft. for which a Memorandum of Understanding was signed last year
as also GREENSVILLE Project of the Company having residential / commercial
premises of about 2 lakh sq.ft. are awaiting statutory approvals.
The Company has taken up
50% of holding in GCorp Township Private Limited which would enable the Company
to spread its operations beyond Pune by taking development of 12,00,000 sq.ft.
of saleable area in joint venture at Village Ranjoli, Dist. Thane.
Though the current slowdown
in Real Estate business, prevailing for quite some time has got further
aggravated due to demonetization, the emerging business scenario in post
demonetization era as also under newly enacted regulatory framework would augur
well for the Company since it follows complete transparency in its dealings
ever since it entered the Real Estate business.
The three Wind Power Plants
located at Satara and Sangli have generated in aggregate 67.70 lakhs Kwh of
energy during the financial year.
Segment wise financial
performance is stated in the accompanying Accounts. The existing internal
controls of the Company are periodically reviewed by the audit Committee and
are considered quite adequate.
DEMERGER
Pursuant to the Scheme of Arrangement and Reconstruction (Demerger) the paper manufacturing business of the Company stood transferred to Pudumjee Paper Products Limited and henceforth the Company would continue the business of Real Estate and Wind Power. Pursuant to the provisions Companies Act, 2013 (including applicable rules thereof) and Regulation 45 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 it is required to change the name of the Company in line with its remaining continuing business.
It may be noted that the Company will be applying to the Registrar of Companies, Pune and such other necessary approval of government authorities for confirming the availability of proposed name, which will reflect the remaining business activity of the Company.
The Company is seeking the approval of shareholders for proposed change in name and the consequently alteration of name clause of the Memorandum and Articles of Association. The change in name of the Company as aforesaid does not change the legal status or constitution of the Company, nor does it affect any rights or obligations of the Company.
Last year the proposed name i.e. AJ Land Holdings Limited was not approved by SEBI/Stock Exchanges and Registrar of Companies, Pune did not renew that name and hence the proposed resolution is being moved. None of the Directors, Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the proposed Special Resolution.
The Resolution at Item No. 6 of the Notice is recommended by the Directors to be passed as a Special Resolution.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR
In Million |
31.03.2016 INR
In Million |
|
LONG TERM
BORROWINGS |
|
|
|
Deposit |
|
|
|
From Associates |
31.000 |
31.000 |
|
From Others |
4.500 |
4.500 |
|
|
|
|
|
Total |
35.500 |
35.500 |
|
Note: There has been no default in repayment of Loan and Payment of Interest in respect of any of aforesaid borrowings. |
||
STANDALONE UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST
DECEMBER 2017
(INR In Million)
|
Particulars |
Quarter ended |
Nine Months ended |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
||
|
INCOME FROM OPERATIONS |
|
|
|
|
Net Sales |
82.878 |
58.461 |
194.764 |
|
Other Operating Income |
8.128 |
8.660 |
25.188 |
|
Total
Income from Operations |
91.006 |
67.121 |
219.952 |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
Cost of materials consumed |
28.555 |
38.793 |
93.948 |
|
Changes in inventories of finished goods and
work-in-progress |
15.783 |
(9.027) |
17.755 |
|
Employee benefits expense |
5.966 |
5.330 |
17.822 |
|
Finance Costs (net) |
0.258 |
1.061 |
1.948 |
|
Depreciation and Amortization expenses |
4.546 |
4.544 |
13.635 |
|
Other Expenditure |
6.196 |
5.267 |
18.715 |
|
Total
Expenses |
61.304 |
45.968 |
163.823 |
|
Profit / (Loss) before Tax |
29.702 |
21.153 |
56.129 |
|
Tax Expense |
8.506 |
5.389 |
15.318 |
|
Profit
/ (Loss) after Tax |
21.196 |
15.764 |
40.811 |
|
Other Comprehensive Income |
|
|
|
|
·
Items that will be
reclassified to profit or loss |
-- |
-- |
-- |
|
·
Items that will not be
reclassified to profit or loss |
(1.501) |
6.289 |
3.415 |
|
Total other Comprehensive Income |
19.695 |
22.053 |
44.226 |
|
Paid-up Equity Share Capital (Face value INR 2/- per
share) |
82.000 |
82.000 |
82.000 |
|
Reserves (excluding Revaluation Reserve) |
|
|
|
|
Earnings
per Share (EPS) - INR |
0.52 |
0.38 |
1.00 |
SEGMENT WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED
(INR In Million)
|
Particulars |
Quarter
ended |
Nine Months ended |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
||
|
1. Segment
Revenue |
|
|
|
|
a)
Real estate business |
77.039 |
48.712 |
170.748 |
|
b)
Wind power generation |
5.839 |
9.749 |
24.016 |
|
|
|
|
|
|
2. Profit/
(loss) before tax and interest |
|
|
|
|
a)
Real estate business |
30.405 |
16.647 |
52.017 |
|
b)
Wind power generation |
1.578 |
6.368 |
11.586 |
|
(Add)/Less: Other un-allocable income (expenses), net |
(2.281) |
(1.862) |
(7.474) |
|
Total Profit
Before Tax |
29.702 |
21.153 |
56.129 |
|
|
|
|
|
|
3. Segment
assets |
|
|
|
|
a)
Real estate business |
657.115 |
667.993 |
657.115 |
|
b)
Wind power generation |
208.692 |
212.447 |
208.692 |
|
c) Unallocated |
380.563 |
397.367 |
380.563 |
|
Total
assets |
1246.370 |
1277.807 |
1246.370 |
|
|
|
|
|
|
4. Segment
liabilities |
|
|
|
|
a) Real estate business |
212.777 |
248.073 |
212.777 |
|
b) Wind power generation |
0.522 |
4.979 |
0.522 |
|
c) Unallocated |
71.989 |
83.876 |
71.989 |
|
Total Liabilities |
285.288 |
336.928 |
285.288 |
NOTES:
1. The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors.
2. This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. Beginning April 1 2017, the Company has for the first time adopted Ind AS with a transition date of April 1, 2016.
3. The statement does not include Ind AS compliant results for the previous year ended March 31, 2017 as the same is not mandatory as per SEBI's circular dated July 5, 2016.
4. The Ind-AS compliant financial results, pertaining to period ended December 31, 2016 have not been subjected to limited review or audit. However, the management has exercised necessary due diligence to ensure that the financial results provide a true and fair view of its affairs.
5. The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 has been carried out by the Statutory Auditors.
6. The reconciliation of net profit reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind AS:
7. The name of the company has been changed from 'Pudumjee Pulp & Paper Mills Limited' to 'AMJ Land Holdings Limited' with effect from 26th December, 2017 as per certificate of Incorporation pursuant to change of name dated 26th December, 2017 issued by Registrar of Companies, Pune and approved by Bombay Stock Exchange & National Stock Exchange.
8. The figures for the previous period have been recast/ regrouped wherever necessary to conform to current period's presentations.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C80958259 |
10624067 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
31/12/2015 |
- |
- |
4000000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHR122002IN |
|
2 |
C52571460 |
10567307 |
IDBI TRUSTEESHIP SERVICES LIMITED |
29/04/2015 |
- |
- |
200000000.0 |
ASIAN BUILDING, GR. FLOOR,17, R. KAMANI MARG, BALLARD ESTATEMUMBAIMH400001IN |
|
3 |
B94448313 |
10472794 |
KOTAK MAHINDRA PRIME LIMITED |
25/12/2013 |
- |
- |
3713150.0 |
36-38A NARIMAN BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
|
4 |
B59720680 |
10380630 |
IDBI TRUSTEESHIP SERVICES LIMITED |
17/09/2012 |
- |
- |
250000000.0 |
ASIAN BUILDING GR. FLOOR,17, R. KAMANI MARG, BALLARD ESTATEMUMBAIMH411001IN |
|
5 |
B83832923 |
90085460 |
STATE BANK OF INDIA - LEAD BANK |
22/08/2000 |
22/08/2013 |
- |
916000000.0 |
COMMERCIAL BRANCH (ADVANCES)N.G.N. VAIDYA MARG (BANK STREET)MUMBAIMH400001IN |
|
6 |
G75826289 |
10363407 |
BANK OF INDIA |
15/06/2012 |
- |
25/01/2018 |
86000000.0 |
MUMBAI MID CORPORATE, 70/80, M.G. ROAD,BANK OF INDIA BUILDING, MEZZANINE FLOOR, FORTMUMBAIMH400001IN |
|
7 |
G47944095 |
10280359 |
THE SARASWAT CO OPERATIVE BANK LIMITED |
21/03/2011 |
- |
30/06/2017 |
90000000.0 |
MADHUKOSHS V SOVANI PATH LANEGIRGAUM MUMBAIMH411004IN |
|
8 |
G41398553 |
10343557 |
AXIS BANK LIMITED |
23/02/2012 |
- |
13/04/2017 |
750000000.0 |
CORPORATE BANKING BRANCH, AXIS HOUSE, GROUND FLOORC-2, WADIA INTERNATIONAL CENTRE, P.B. MARG, WORLI,MUMBAIMH400025IN |
|
9 |
C66820549 |
10391364 |
VOLKSWAGEN FINANCE PRIVATE LIMITED |
22/11/2012 |
- |
29/09/2015 |
5098000.0 |
3, NORTH AVENUE, LEVEL 5, MAKER MAXITY,BANDRA KURLA COMPLEX, KALA NAGAR, BANDRA (E),MUMBAIMH400051IN |
|
10 |
C38778858 |
90087326 |
IDBI TRUSTEESHIP SERVICES LIMITED |
15/06/2005 |
15/07/2005 |
02/01/2015 |
100000000.0 |
10TH FLOOR; NARIMAN BHAWAN 227; VINAY K. SHAH MARG ; NARIMAN POINTMUMBAIMH400021IN |
FIXED ASSETS:
·
Land
·
Building
·
Machinery
·
Furniture and Fixtures
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--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.