MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508089

Report Date :

08.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

CITY CORPORATION LIMITED

 

 

Formerly Known As :

CITY DEVELOPERS AND PROMOTERS LIMITED

 

 

Registered Office :

S No 917/19 A, City Chambers, Fergusson College Road, Prabhat Road, Pune -411004, Maharashtra

Tel. No.:

91-20-25654555

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

09.10.2003

 

 

Com. Reg. No.:

11-018435

 

 

Capital Investment / Paid-up Capital :

INR 306.471 Million

 

 

CIN No.:

[Company Identification No.]

U45202PN2003PLC018435

 

 

IEC No.:

[Import-Export Code No.]

3105006494

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AACCC2820K1ZT

 

 

TIN No.:

27770307645

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCC2820K

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of Real Estate Development. [Registered Activity]

 

 

No. of Employees :

Information denied 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

 

Maximum Credit Limit :

USD 10000000

 

 

Status :

Good

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2003 and it having good track.

 

The company is engaged in real estate development.

 

For the financial year 2017, the company has registered decrease its revenue from operations as compared to previous year but maintained decent profit margin of 6.35%.

 

Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet.

 

Further, rating also derives strength from established market position along with experienced management and consolidation of group entities to provide better managerial and operational control.

 

However, rating strength is partially offset by declined in the revenue profile during the year, exposed to project execution risks and slowdown in the real estate industry.

 

Trade relations are fair. Payment terms are seems to be slow but correct

 

In view of aforesaid, the company can be considered for normal 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.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

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

ICRA

Rating

Long term rating: BBB

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

27.03.2018

 

 

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

 

Management Non-Cooperative (91-20-25654555)

 

91-20-30410000 – ringing

 

91-20-30570405 – number is continuously ringing

 

 

LOCATIONS

 

Registered Office :

S No 917/19 A, City Chambers, Fergusson College Road, Prabhat Road, Pune -411004, Maharashtra, India

Tel. No.:

91-20-25654555

Fax No.:

91-20-26567555

E-Mail :

kamaljeet@amanora.com

Website :

http://www.amanora.com

 

 

Pune Office :

Amanora Park Town, Hadapsar-Kharadi Bypass, Hadapsar, Pune – 411028, Maharashtra, India

Tel. No.:

91-20-30570405

E-Mail :

info@amanora.com

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Aniruddha Pradyumna Deshpande

Designation :

Managing director

Address :

D-301, 1 Modibaug, Ganeshkhind Road, Near Agriculture College, Shivaji Nagar, Pune - 411016, Maharashtra, India

Date of Birth/Age :

29.03.1960

Qualification :

Graduate

Date of Appointment :

09.10.2003

PAN No.:

AAPPD2272A

DIN No.:

00023026

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U92490PN2017PTC169567

AMANORA CLUBS & RESORTS PRIVATE LIMITED

23/03/2017

-

U45200PN2013PTC148238

CITY MULTIHOUSING PRIVATE LIMITED

27/09/2014

-

U92140PN2012NPL144556

INDIAN RHYTHM AND ARTS ASSOCIATION

30/08/2012

-

U45200PN2012PTC142417

AMANORA FUTURE TOWERS PRIVATE LIMITED

29/02/2012

-

U45200PN2010PTC136426

MUMBADEVI DEVELOPERS PRIVATE LIMITED

30/09/2015

-

U85190PN2009NPL134767

AMANORA YESS FOUNDATION

30/09/2013

-

U55204PN2007PLC130209

AMANORA HOSPITALITY LIMITED

04/06/2007

-

U72309PN2000PTC015031

CLOUD 9 E-BIZ PRIVATE LIMITED

25/09/2012

-

U45201PN2005PTC021138

CITY TECHNOLOGY PARK PRIVATE LIMITED

12/08/2005

-

U91990PN2004NPL019469

CITIZEN'S DEVELOPMENT SOCIETY OF INDIA

05/07/2004

-

U15400PN1989PTC054431

KELZAI ECO RESERVES PRIVATE LIMITED

01/09/2008

-

 

 

Name :

Mr. Lalitbhai Chunilal Adani

Designation :

Director

Address :

3-B, Swapnalok, 47, Nepean Sea Road, Mumbai - 400036, Maharashtra, India

Date of Birth/Age :

24.02.1958

Qualification :

Graduate

Date of Appointment :

02.06.2005

DIN No.:

00014169

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U45200MH2008PTC179272

AMARIS DIAMONDS & JEWELS PRIVATE LIMITED

25/02/2008

-

U65990MH2000PTC124973

SHREE GAURISHANKAR INVESTMENT PRIVATE LIMITED

15/03/2000

-

U36910MH2003PTC141086

ADORA JEWELS (INDIA) PRIVATE LIMITED

27/06/2003

-

U36910MH2004PTC149806

M SURESH COMPANY PRIVATE LIMITED

02/12/2005

-

U36912MH1995PTC094662

APEX DIAMOND EXPORTS PRIVATE LIMITED

21/03/2003

-

U51900MH1994PTC082345

NIYATI EXPORTS PRIVATE LIMITED

25/10/1994

-

U65920MH1994PTC080302

M.SURESH JEWELLERY PRIVATE LIMITED

13/02/2003

-

U36910MH1991PTC064190

M SURESH EXPORTS PRIVATE LIMITED

03/09/1998

-

U45201MH2007PTC173573

GRANDIOSE INFRASTRUCTURE VENTURE ENTERPRISES PRIVATE LIMITED

29/07/2008

-

U22120MH1989PTC054450

C I JEWELS PRIVATE LIMITED

24/04/1998

-

 

 

Name :

Mr. Arunkumar Ramniklal Mehta

Designation :

Director

Address :

Cliff, 25-B.G. Kher Marg, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

09.01.1940

Qualification :

Under Graduate

Date of Appointment :

02.11.2004

DIN No.:

00049700

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U36911MH1998PTC114312

ROSY BLUE (INDIA) PRIVATE LIMITED

01/04/1998

-

U15132MH2007PTC170961

BANAS KANTHA INDUSTRIES PRIVATE LIMITED

21/05/2007

-

U01403MH2008PTC181166

VASUNDHARA ECOFRIENDLY AGROPRODUCTS PRIVATE LIMITED

15/04/2008

-

U74210MH1984PTC033159

CONWOOD APARTMENTS AND RESORTS PRIVATE LIMITED

15/10/2001

-

U80301MH2009NPL194834

WJC SCHOOL OF BUSINESS

11/08/2009

-

U91120MH2005PLC157427

PALANPUR COMMUNITY FOUNDATION

21/11/2005

-

U85110KA1986PLC007423

I B I S HEALTHAIDS LIMITED

30/09/2016

-

 

 

Name :

Bimal Jayant Parekh

Designation :

Director

Address :

6, Ajanta, L D Ruparel Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

03.12.1960

Qualification :

Chartered Accountant

Date of Appointment :

29.10.2004

DIN No.:

00060885

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U92412MH2014PTC256009

MUMBAI CITY F C PRIVATE LIMITED

11/07/2014

-

U65993MH2005PTC152862

BELINDIA FINANCE AND INVESTMENTS PRIVATE LIMITED

27/04/2005

-

U51100MH2005PTC155764

ROSY BLUE COMTRADE PRIVATE LIMITED

30/08/2005

-

U51312MH2007PTC172641

TOD'S RETAIL INDIA PRIVATE LIMITED

30/09/2015

-

U63030GA2016PLC013017

GMR GOA INTERNATIONAL AIRPORT LIMITED

06/12/2016

-

U70102MH2008PTC177239

AGILE REAL ESTATE PRIVATE LIMITED

28/12/2011

-

U65990MH1996PTC102709

SAKHA FINVEST PRIVATE LIMITED

13/11/1996

-

U65990MH1996PTC096809

PURAB SECURITIES PRIVATE LIMITED

22/04/1996

-

U65990MH1995PTC094018

DEVMITI FINVESTRADE PRIVATE LIMITED

08/08/1998

-

U65900MH1995PTC093253

KRISHANU FINLEASE PRIVATE LIMITED

08/08/1998

-

U45200MH1995PTC084743

TINSEL PROPERTIES PRIVATE LIMITED

08/08/1998

-

U65990MH1994PTC080450

ROSY BLUE SECURITIES PRIVATE LIMITED.

30/12/1996

-

U67120MH1991PTC063321

B ARUNKUMAR CAPITAL AND CREDIT SERVICES PRIVATE LIMITED

25/01/1996

-

U65990MH1984PTC032490

CHEAY INVESTMENTS PVT LTD

04/09/1997

-

U85110MH1996PLC274875

GMR ENERGY LIMITED

27/09/2017

-

U40105KA1995PLC016942

GMR POWER CORPORATION LIMITED

25/09/1999

-

U85110KA1986PLC007423

I B I S HEALTHAIDS LIMITED

19/06/1999

-

 

 

Name :

Mr. Jayant Hiralal Shah

Designation :

Director

Address :

Plot No. 11, Sujay Garden,, 12, Mukundnagar, Pune - 411037, Maharashtra, India

Date of Birth/Age :

09.11.1960

Qualification :

Graduate

Date of Appointment :

22.06.2007

PAN No.:

AEGPS3036L

DIN No.:

00185389

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45202PN2002PTC016810

MALAV PROMOTERS PRIVATE LIMITED

11/03/2002

-

U45202PN2002PTC016811

KANCHAN DEVELOPERS PRIVATE LIMITED

11/03/2002

-

U45202PN2002PTC016812

PUNE PROMOTERS PRIVATE LIMITED

11/03/2002

-

U74300MH1988PTC046932

GOPANI IRON AND POWER (INDIA) PRIVATE LIMITED

27/06/2006

-

U45200PN2010PTC137963

OCTANS DESIGNS AND DEVELOPERS PRIVATE LIMITED

17/02/2016

-

U45200PN2010PTC137962

AUSTRINUS BUILDERS AND DEVELOPERS PRIVATE LIMITED

17/02/2016

-

U45200PN2010PTC137430

LANDSCAPE BUILDCON PRIVATE LIMITED

02/02/2016

-

U45200PN2010PTC137422

PRAGMA SPACES PRIVATE LIMITED

02/02/2016

-

U45200PN2010PTC137771

JAIRAJ SHELTERS PRIVATE LIMITED

18/11/2010

-

U45200PN2010PTC136630

PRINCIPLE LANDS PRIVATE LIMITED

17/02/2016

-

U45202PN2002PTC016813

JAIRAJ REALTY PRIVATE LIMITED

11/03/2002

-

U45200PN2010PTC135406

MAJESTY ERECTORS PRIVATE LIMITED

18/02/2016

-

U45200PN2010PTC135407

PRASTUTI DEVELOPERS PRIVATE LIMITED

18/02/2016

-

U45203MH2010PTC202232

AIM LIFESTYLE VENTURES PRIVATE LIMITED

17/02/2016

-

U45203MH2010PTC202234

MARVEL LIFESTYLE & INFRA PRIVATE LIMITED

17/02/2016

-

U45200PN2009PTC133422

MALAV BUILDERS PRIVATE LIMITED

27/01/2009

-

U45200PN2009PTC133421

JAYANT PROMOTERS PRIVATE LIMITED

31/08/2015

-

U45202PN2002PTC016808

HEENA BUILDERS PRIVATE LIMITED

11/03/2002

-

U45202PN2002PTC016807

KOHINOOR PROMOTERS PRIVATE LIMITED

11/03/2002

-

U15400PN1989PTC054431

KELZAI ECO RESERVES PRIVATE LIMITED

25/09/2014

-

U45101PN2000PTC014744

SUJAY DEVELOPERS PRIVATE LIMITED

10/04/2000

-

U45202PN2002PTC016783

JAYANT DEVELOPERS PRIVATE LIMITED

28/02/2002

-

U70101PN1997PTC106895

AMEYA RESORTS & ESTATES PRIVATE LIMITED

15/11/2003

-

U45202PN2002PTC016784

JAYHIRA DEVELOPERS PRIVATE LIMITED

28/02/2002

-

U15499PN2000PTC015045

JAIRAJ FOODS PRIVATE LIMITED

27/06/2000

-

 

 

Name :

Sona Aniruddha Deshpande

Designation :

Director

Address :

D-301, 1 Modibaug, Ganesh Khind Road, Near Agriculture College, Shivaji Nagar, Pune - 411016, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

00289064

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U70102PN2007PTC130799

CITY PROMOTERS & DEVELOPERS PRIVATE LIMITED

04/10/2007

-

U74900PN2008PTC133258

CHILLIES ENTERPRISES PRIVATE LIMITED

29/09/2014

-

U31909PN2009PTC133590

CITY INSTRUMENTATION PRIVATE LIMITED

29/09/2015

-

U74999PN2010PTC135387

DOODLE DESIGNS PRIVATE LIMITED

30/09/2016

-

U15400PN1989PTC054431

KELZAI ECO RESERVES PRIVATE LIMITED

01/09/2008

-

 

 

Name :

Mr. Jagadish Prabhakar Deshpande

Designation :

Director

Address :

B-7, Success Chambers, 1232, Apte Road, Deccan Gymkhana, Pune - 411004, Maharashtra, India

Date of Appointment :

27.03.2015

DIN No.:

00398358

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74120MH2013PTC242318

AKSHAY CONCEPTS PRIVATE LIMITED

26/02/2016

-

U70200PN2012PTC142744

MODULAR PROPERTIES PRIVATE LIMITED

28/03/2012

-

U70200PN2012PTC142745

MIRACLE ESTATES PRIVATE LIMITED

28/03/2012

-

U70101PN2012PTC142742

MAGNUM SCHEMES PRIVATE LIMITED

28/03/2012

-

U70109PN2012PTC142743

MODEST PROPERTIES PRIVATE LIMITED

28/03/2012

-

U70200PN2012PTC142862

MOHAK PROPERTIES PRIVATE LIMITED

02/04/2012

-

U70102MH2010PTC209841

NIRMAN PRAGMA CONSTROBUILD PRIVATE LIMITED

04/11/2010

-

U15116PN2004PTC019124

ICON AGRO FOODS (INDIA) PRIVATE LIMITED

29/09/2007

-

U55101MH1997PTC109199

SPLENDOUR COUNTRY CLUB AND RESORTS PRIVATE LIMITED

30/09/2011

-

U92199MH1997PTC105691

SUMIX AQUA SPORTS PRIVATE LIMITED

30/09/2011

-

U02006MH1996PTC099238

JIWANI AGRO FARMS PRIVATE LIMITED

30/09/2011

-

U02006MH1996PTC098435

ALNESH AGRO FARMS PRIVATE LIMITED

30/09/2011

-

U01111MH1996PTC097785

LAMHE AGRO FARMS PRIVATE LIMITED

30/09/2011

-

U01111MH1996PTC098192

STILGAR AGRO FARMS PRIVATE LIMITED

30/09/2011

-

U55101MH1995PTC090315

SUMIX CLUB AND RESORTS PRIVATE LIMITED

30/09/2011

-

U70101PN1993PTC070714

JAGADISH DEVELOPERS PVT LTD

09/02/1993

-

U29248MH1981PTC024628

MERCHANT AND SOMJI AGRO INDUSTRIES AND INVESTMENTS PVT LTD

30/09/2011

-

 

 

Name :

Mr. Suhas Khushalchand Lunkad

Designation :

Director

Address :

Fl-1002, B-Building, 1 Modibaug,, Ganeshkhind Road, Pune - 411016, Maharashtra, India

Date of Appointment :

27.03.2015

DIN No.:

00469822

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74999PN2018PLC175889

ROHAN RAJDEEP ALAPPUZHA PROJECTS LIMITED

09/04/2018

-

U45309PN2016PLC158549

ROHAN RAJDEEP KERALA ROAD PROJECTS LIMITED

23/02/2016

-

U45200PN2007PTC130607

ROHAN TOWERS PRIVATE LIMITED

30/09/2008

-

U45200PN2007PTC130604

ROHAN REALTORS (PUNE) PRIVATE LIMITED

30/09/2008

-

U45200PN2012PLC144578

ROHAN RAJDEEP HIGHWAYS LIMITED

31/08/2012

-

U45200PN2009PLC134989

ROHAN RAJDEEP RAJASTHAN INFRA PROJECTS LIMITED

13/11/2009

-

U45202PN2009PTC134413

ROHAN LANDMARKS PRIVATE LIMITED

31/07/2009

-

U45200PN2009PTC134485

ROHAN LANDSCAPE PRIVATE LIMITED

12/08/2009

-

U45200PN2009PTC134436

ROHAN HOUSING SCHEMES PRIVATE LIMITED

06/08/2009

-

U45200PN2009PTC134412

ROHAN CITYSCAPE PRIVATE LIMITED

31/07/2009

-

U40109PN2007PTC148363

LAKSH POWER PRIVATE LIMITED

30/09/2013

-

U45203PN2007PLC130755

ROHAN RAJDEEP TOLL ROADS LIMITED

01/07/2009

-

U45200PN2007PTC129908

ROHAN HOUSING PRIVATE LIMITED

03/04/2007

-

U45202PN2001PTC016352

ROHAN BUILDERS AND DEVELOPERS PRIVATE LIMITED

27/07/2001

-

U45203PN2005PLC021034

ROHAN RAJDEEP TOLLWAYS LIMITED

18/07/2005

-

U45201PN1994PTC077758

ROHAN BUILDERS (INDIA) PRIVATE LIMITED

03/09/2017

-

 

 

KEY EXECUTIVES

 

Name :

Mrs. Neelam Jagdish Mundada

Designation :

Company Secretary

Address :

Flat No. 303, Sai Angan Near Nagar Urban Bank, Chandan Nagar, Pune- 411014, Maharashtra, India

Date of Appointment :

14.08.2017

PAN No.:

BEWPM6119P

 

 

Name :

Mr. Aditya Aniruddha Deshpande

Designation :

Chief Financial Officer

Address :

D-301, Modibaug, Ganesh Khind Road, Near Agriculture College, Shivaji Nagar, Pune - 411016, Maharashtra, India

Qualification :

Business Administration from Symbiosis & Masters in Science (Management) from CASS Business School, London.

Date of Appointment :

01.102014

PAN No.:

AILPD3328F

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Equity Shareholders

 

No. of Shares

Aniruddha Deshpande

 

3590000

Sona Deshpande

 

90000

M. Suresh Exports Private Limited, India

 

4000000

Belindia Finance and Investments Private Limited, India

 

3500304

Lap Finance and Consultancy Private Limited, India

 

2560000

City Holdings Private Limited, India

 

960000

Namratta Film Enterprises Private Limited, India

 

800000

Jayant Hiralal Shah

 

2540883

Boyance Infrastructure Private Limited, India

 

500000

Rishikumar Bhansali

 

470284

Nilesh Pethani

 

470588

Pune Promoters Private Limited, India

 

2165000

Total

 

21647059

 

Names of Preference Shareholders

 

No. of Shares

 

Belindia Finance and Investments Private Limited, India

 

1646875

M. Suresh Exports Private Limited, India

 

1646875

Lap Finance and Consultancy Private Limited, India

 

1569375

City Holdings Private Limited, India

 

1724375

Jayant Hiralal Shah

 

2412500

Tota

 

9000000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 29.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

17.00

Public/Other than promoters- Individual/Hindu Undivided Family- Indian

11.74

Public/Other than promoters - Individual/Hindu Undivided Family – non-Resident Indian (NRI)

4.35

Public/Other than promoters- Body corporate

66.92

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of Real Estate Development. [Registered Activity]

 

 

Products / Services :

Name and Description of main products / services

NIC Code of the Product/service

Building of complete constructions or parts thereof; civil engineering

410

Real estate activities with own or leased property

681

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

Indusind Bank Limited

Branch :

2401 Gen Thimmayya Road, Contonment, Pune - 411001, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

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

--

Account Operation :

--

Remark :

--

 

  • The Kalyan Janata Sahakari Bank Limited, Ground Floor, House No.2688, Gat No.609, Property C.No.22, Pune Nagar Road, Wagholi, Pune - 412207, Maharashtra, India
  • ICICI Bank Limited, ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara - 390007, Gujarat, India
  • HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India
  • State Bank of India, Small Industries Branch, 562/7, River View Apartment, Opposite Sawarkar Bhawan, Shivaji Nagar, Pune - 411005, Maharashtra, India
  • ICICI Bank Limited, 1240- A Subhadra bhavan, Apte Road, Shivajinagar, Pune - 411004, Maharashtra, India

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

Term loans from banks

383.506

338.764

SHORT TERM BORROWING

 

 

Term loans from banks

0.335

389.640

Total

383.841

728.404

 

 

Auditors :

 

Name :

SPCM and Associates

Chartered Accountants

Address :

CTS No 6616, 5th Floor, Center Point, Mitra Mandal Chowk, Next To Balasaheb Thackarey Hospital, Parvati, Pune-411009, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AABFB8864C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Others related party :
  • Amelia Exports Private Limited, India [U51909MH2005PTC155513]
  • M Suresh Company Private Limited, India [U36910MH2004PTC149806]
  • M Suresh Exports Private Limited, India [U36910MH1991PTC064190]
  • M.Suresh Jewellery Private Limited, India [U65920MH1994PTC080302]
  • Belindia Finance And Investments Private Limited, India [U65993MH2005PTC152862]
  • Cheay Investments Private Limited, India [U65990MH1984PTC032490]
  • Purab Securities Private Limited, India [U65990MH1996PTC096809]
  • Lap Finance And Consultancy Private Limited, India [U67120MH1983PTC030829]
  • City Vastu Projects Limited, India [U45201MH1986PLC039949]
  • Amanora Park Town Infrastructure Services Limited, India [U45203PN2007PLC130505]
  • Amanora Township Management Limited, India [U70102PN2007PLC130371]
  • Amanora Health Care Limited, India [U85100PN2008PLC132514]
  • Eway Agro Products Private Limited [U01403PN2008PTC132376]
  • E Way Developers And Agro Products Private Limited, India [U01403PN2006PTC129148]
  • Rosy Blue (India) Private Limited, India [U36911MH1998PTC114312]
  • Namrata Finance Private Limited, India [U65923DL1993PTC052194]
  • C I Jewels Private Limited, India [U22120MH1989PTC054450]
  • Eway Foods And Greenhouses Limited, India [U01403PN2008PLC132375]

 

 

Enterprises which are

owned, or have significant

influence of or are partners

with Key management

personnel and their relatives:
  • B Arunkumar Capital and Credit Services Private Limited, India [U67120MH1991PTC063321]
  • City Holdings Private Limited [U65990PN2006PTC129183]
  • Yashomala Farming and Tourism Private Limited, India [U15400PN1989PTC054431]
  • Cloud 9 E-Biz Private Limited, India [U72309PN2000PTC015031]
  • Kelzai Secrets Private Limited, India [U15500PN2007PTC130718]
  • Chatsworth India Retail Ventures Management Private Limited, India [U52100PN2011PTC141528]
  • City Technology Park Private Limited, India [U45201PN2005PTC021138]
  • City Multihousing Private Limited, India [U45200PN2013PTC148238]
  • Great Maratha Entertainment LLP
  • Amanora Smart Infrastructure LLP
  • Urban Life Ventures

 

 

Subsidiary company:
  • Amanora Future Towers Private Limited, India [U45200PN2012PTC142417]
  • City Realty & Development Private Limited, India [U45209PN2005PTC021147]
  • Amanora Hospitality Limited, India [U55204PN2007PLC130209]

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

30000000

Equity Shares

INR 10/- each

INR 300.000 Million

27750000

Preference Shares

INR 10/- each

INR 277.500 Million

 

 

 

 

 

Total

 

INR 577.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

21647059

Equity Shares

INR 10/- each

INR 216.471 Million

9000000

Preference Shares

INR 10/- each

INR 90.000 Million

 

 

 

 

 

Total

 

INR 306.471 Million

 

 

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

306.471

306.471

371.471

(b) Reserves and Surplus

3222.896

3171.654

3131.808

(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)

3529.367

3478.125

3503.279

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4325.446

3464.269

2954.725

(b) Deferred tax liabilities (Net)

0.000

0.334

3.474

(c) Other long-term liabilities

0.000

0.000

0.000

(d) long-term provisions

9.902

9.039

5.826

Total Non-current Liabilities (3)

4335.348

3473.642

2964.025

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

0.335

389.640

200.033

(b) Trade payables

1544.504

1750.165

2049.001

(c) Other current liabilities

4283.461

3057.785

3018.370

(d) Short-term provisions

20.675

8.191

32.165

Total Current Liabilities (4)

5848.975

5205.781

5299.569

 

 

 

 

TOTAL

13713.690

12157.548

11766.873

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

341.941

365.764

387.935

(ii) Intangible Assets

0.131

0.151

0.284

(iii) Tangible assets capital work-in-progress

978.311

776.811

636.222

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1371.885

784.894

964.893

(c) Deferred tax assets (net)

2.031

0.000

0.000

(d) Long-term loans and advances

738.794

958.786

1069.417

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

3433.093

2886.406

3058.751

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

9573.608

8130.159

7439.945

(c) Trade receivables

94.112

69.614

242.699

(d) Cash and bank balances

181.908

100.669

153.936

(e) Short-term loans and advances

303.840

830.571

770.619

(f) Other current assets

127.129

140.129

100.923

Total Current Assets

10280.597

9271.142

8708.122

 

 

 

 

TOTAL

13713.690

12157.548

11766.873

 

 

PROFIT & LOSS ACCOUNT (STANDALONE)

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

943.998

1749.921

3129.909

 

Other Income

222.298

241.653

338.852

 

TOTAL

1166.296

1991.574

3468.761

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

587.027

1311.997

2441.611

 

Employee benefit expense

175.118

167.240

158.066

 

CSR expenditure

4.017

0.268

3.826

 

Other expenses

104.695

107.204

126.440

 

TOTAL

870.857

1586.709

2729.943

 

 

 

 

 

 

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

295.439

404.865

738.818

 

 

 

 

 

Less

FINANCIAL EXPENSES

158.791

219.904

232.591

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

136.648

184.961

506.227

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

43.864

52.326

64.116

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

92.784

132.635

442.111

 

 

 

 

 

Less

TAX

32.877

81.895

84.501

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

59.907

50.740

357.610

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

1.96

1.37

9.63

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

551.787

176.525

106.401

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

 

 

Net cash flows from (used in) operations

(19.498)

(624.906)

358.791

 

 

 

 

Net cash flows from (used in) operating activities

(71.362)

(728.062)

285.129

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

36.39

14.52

28.30

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

10.03

25.14

12.90

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

960.34

486.90

306.31

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.03

0.05

0.10

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.22

0.35

0.72

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.78

0.73

0.71

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.38

1.16

0.93

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.66

1.50

1.51

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.37

0.33

0.29

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.86

1.84

3.18

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

6.35

2.90

11.43

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.44

0.42

3.04

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

1.70

1.46

10.21

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.76

1.78

1.64

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.12

0.22

0.24

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.26

0.29

0.30

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

15.92

13.15

8.78

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.76

1.78

1.64

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

371.471

306.471

306.471

Reserves & Surplus

3131.808

3171.654

3222.896

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

3503.279

3478.125

3529.367

 

 

 

 

Long-term borrowings

2954.722

3464.269

4325.446

Short term borrowings

200.033

389.640

0.335

Current maturities of long-term debts

106.401

176.525

551.787

Total borrowings

3261.156

4030.434

4877.568

Debt/Equity ratio

0.931

1.159

1.382

 

 

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

3129.909

1749.921

943.998

 

 

(44.090)

(46.055)

 

 

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

3129.909

1749.921

943.998

Profit/ (Loss)

357.610

50.740

59.907

 

11.43 %

2.90 %

6.35 %

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

 

SOURCES OF FUNDS

 

 

31.03.2017

31.03.2016

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

306.471

306.471

(b) Reserves and Surplus

 

3982.397

3663.310

(c) Money received against share warrants

 

0.000

0.000

(d) Minority interest

 

577.964

516.929

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

4288.868

3969.781

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

6694.058

3605.968

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long-term liabilities

 

714.088

0.167

(d) long-term provisions

 

11.005

9.769

Total Non-current Liabilities (3)

 

7419.151

3615.904

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

 

1.328

390.377

(b) Trade payables

 

1534.157

1896.522

(c) Other current liabilities

 

5858.852

3444.129

(d) Short-term provisions

 

42.844

40.838

Total Current Liabilities (4)

 

7437.181

5771.866

 

 

 

 

TOTAL

 

19723.164

13874.480

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

4856.449

374.574

(ii) Intangible Assets

 

472.630

24.381

(iii) Tangible assets capital work-in-progress

 

1023.688

776.811

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

16.797

607.496

(c) Deferred tax assets (net)

 

2.152

0.243

(d) Long-term loans and advances

 

589.316

1656.308

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

6961.032

3439.813

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

11.857

11.378

(b) Inventories

 

11082.895

9322.536

(c) Trade receivables

 

380.466

71.060

(d) Cash and bank balances

 

935.169

651.194

(e) Short-term loans and advances

 

350.565

230.986

(f) Other current assets

 

1.180

147.513

Total Current Assets

 

12762.132

10434.667

 

 

 

 

TOTAL

 

19723.164

13874.480

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

Income

 

4034.466

3296.907

 

Other Income

 

114.827

250.266

 

TOTAL

 

4149.293

3547.173

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

2347.784

2356.926

 

Employee benefit expense

 

219.364

191.292

 

CSR expenditure

 

8.017

0.268

 

Other expenses

 

319.936

136.163

 

TOTAL

 

2895.101

2684.649

 

 

 

 

 

 

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

 

1254.192

862.524

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

470.023

259.568

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

784.169

602.956

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

151.553

54.403

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

632.616

548.553

 

 

 

 

 

Less

TAX

 

161.599

235.149

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

471.017

313.404

 

 

 

 

 

 

Profit (loss) of minority interest

 

(151.727)

(132.524)

 

 

 

 

 

 

Share of profit (loss) of associates

 

(0.101)

(0.010)

 

 

 

 

 

 

TOTAL PROFIT (LOSS) FOR PERIOD

 

319.189

180.870

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

15.37

8.44

 

 

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

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

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

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

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

CORPORATE INFORMATION

 

Subject develop and built Mega Township at village Sadesatara Nali, Hadapsar, Pune named as “Amanora Park Town”. Amanora qualifies as the first township as per the guidelines of the Government of Maharashtra. It involves the developer creating and maintaining the entire infrastructure of the township.

 

STATE OF COMPANY’S AFFAIRS

 

Downward trend in the real estate continued in 2016-2017 in Pune like elsewhere in the country. Demonetization, RERA expectations created unstable market with the end users and investors deferring their decisions. In the last quarter of 2016, PMRDA area had sales of 6,300 units against 9,748 units in the same period of 2015. This was the record low sales since 2010. The industry had to face the unprecedented disruptions creating one of the deepest recession in the industry.

 

Amanora too was affected by these adverse trends. However, the strong brand helped to remain barely above water. New launches like ASHA were put on hold and emphasis was on digital marketing, managing costs, time & quality and value engineering. Unfortunately the year 2017-2018 also is still reeling under the impact of GST, RERA, though in long term these measures would help.

 

Amanora plans to launch a major mid ticket size project by the end of the year in Sector R-29 to capture the market in the post recession years of 2016-2017 and 2017-2018.

 

The Company follows the RERA provisions as presented in the Act. The required on-going projects are registered with the RERA.

 

UNSECURED LOANS:

(INR In Million)

Particulars

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

Intercorporate borrowings

424.668

691.075

Loans and advances from related

3517.272

2434.430

Total

3941.940

3125.505

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

AMOUNT

ADDRESS

1

G74016544

100148136

INDUSIND BANK LTD.

21/12/2017

-

2000000000.0

2401 GEN THIMMAYYA ROADCONTONMENTPUNEMA411001IN

2

G77528271

100118333

THE KALYAN JANATA SAHAKARI BANK LIMITED

18/07/2017

01/02/2018

250000000.0

GROUND FLOOR,HOUSE NO.2688,GAT NO.609PROPERTY C.NO.22,PUNE NAGAR ROAD,WAGHOLIPUNEMH412207IN

3

G45938362

100094092

ICICI BANK LIMITED

29/04/2017

09/06/2017

1500000000.0

ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN

4

G42184218

100093106

HDFC BANK LIMITED

17/04/2017

-

1853000.0

HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN

5

G06864284

100036608

STATE BANK OF INDIA

09/06/2016

-

500000000.0

SMALL INDUSTRIES BRANCH, 562/7,RIVERVIEW APARTMENTOPP SAWARKAR BHAWAN, SHIVAJI NAGAR,PUNEMH411005IN

6

G09962937

100045881

ICICI BANK LIMITED

17/02/2016

-

797000.0

1240- A SUBHADRA BHAVAN, APTE ROADSHIVAJINAGARPUNEMH411004IN

7

G09935446

100045795

ICICI BANK LIMITED

30/12/2015

-

850000.0

1240- A SUBHADRA BHAVAN, APTE ROADSHIVAJINAGARPUNEMH411004IN

8

C71671416

10605217

THE JALGAON PEOPLES CO-OP BANK LIMITED

04/11/2015

-

210000000.0

152, POLAN PETH,DANA BAZARJALGAONMH425001IN

9

G09936394

100064656

ICICI BANK LIMITED

09/09/2015

-

5455000.0

1240-A, SUBHADRA BHAVAN, APTE ROAD,SHIVAJI NAGARPUNEMH411004IN

10

B85849271

10451315

YES BANK LIMITED

17/09/2013

-

58550000.0

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN

 

FIXED ASSETS:

 

Tangible assets

 

  • Land
  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipments

 

Intangible assets

 

  • Brands and trade marks
  • Trade marks
  • Licenses
  • Licenses and franchise

 

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 66.11

UK Pound

1

INR 90.85

Euro

1

INR 80.12

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

PSD

 

 

Report Prepared by :

KVT

 

 

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

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

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

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.