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|
MIRA INFORM REPORT
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Report No. : |
507585 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KROPEX AUTO PRIVATE LIMITED |
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Formerly Known
As : |
KAPOOR SALES (BANGALORE) PRIVATE LIMITED [w.e.f. 15.07.2014] KAPOOR SALES (BANGALORE) LIMITED |
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Registered
Office : |
Sy No. 116/1, Hosapalya Main Road (Off Kudlu Gate), Hongasandra,
Bangalore-560068, Karnataka |
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Mob. No.: |
91-9620209998 [Mr. Rajesh Xavier] |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 [Provisional] |
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Date of
Incorporation : |
19.04.1995 |
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Com. Reg. No.: |
08-017632 |
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
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CIN No.: [Company Identification
No.] |
U85110KA1995PTC017632 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
29AAACK6951H1ZA |
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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.] |
AAACK6951H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer of Four Wheeler Vehicles. [Confirmed by Management] |
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No. of Employees
: |
69 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. It is a dealer
of four wheeler vehicles.
|
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
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
31-03-2018.
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 19.05.2018.
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 PARTED BY
|
Name : |
Mr. Rajesh Xavier |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9620209998 |
|
Date : |
16.05.2018 |
LOCATIONS
|
Registered Office : |
Sy No. 116/1, Hosapalya Main Road (Off Kudlu Gate), Hongasandra,
Bangalore-560068, Karnataka, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9620209998 [Mr. Rajesh Xavier] 91-9845099990 [Mr. Koramangala Ravindra Jayappa] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
18500 Sq. Ft. |
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Location : |
Leased |
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Locality : |
Commercial |
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Administrative Office : |
49/1, Hosur Main Road, Singarandra, Bangalore-560068, Karnataka, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sanjeev Sachdeva |
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Designation : |
Managing Director |
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Address : |
566, 8th Block, Koramangala, Bangalore-560095, Karnataka, India |
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Date of Birth/Age : |
12.03.1961 |
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Date of Appointment : |
01.04.2000 |
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PAN No.: |
ACIPS8969A |
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Aadhar Card No: |
606401772809 |
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Passport No.: |
Z2249383 |
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DIN No.: |
00468704 |
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Name : |
Mr. Vanik Sachdeva |
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Designation : |
Director |
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Address : |
566/1, 1st Main, 8th Block, Koramangala, Bangalore-560034,
Karnataka,
India |
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Date of Birth/Age : |
21.05.1985 |
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Date of Appointment : |
01.04.2009 |
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PAN No.: |
AVOPS4326G |
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Aadhar Card No: |
956567984146 |
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Passport No.: |
Z1863790 |
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DIN No.: |
00942468 |
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Name : |
Mr. Ramachandrareddy Kumar Narendra |
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Designation : |
Director |
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Address : |
122, 19th Cross, Near Keb Transformer Kaggadasapura Cv
Raman Nagar, Bangalore-560093, Karnataka, India |
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Date of Birth/Age : |
29.07.1971 |
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Date of Appointment : |
11.09.2017 |
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PAN No.: |
AEKPK4150R |
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Aadhar Card No: |
206228129073 |
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Passport No.: |
N1117527 |
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DIN No.: |
07932748 |
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Name : |
Mr. Koramangala Ravindra Jayappa |
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Designation : |
Director |
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Address : |
120, 18th Main, 6th Block, Koramanagala, Bangalore-560095,
Karnataka,
India |
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Date of Birth/Age : |
19.07.1972 |
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Date of Appointment : |
11.09.2017 |
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PAN No.: |
ABDPR6039A |
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Aadhar Card No: |
509398000817 |
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Passport No.: |
J4660480 |
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DIN No.: |
07933522 |
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KEY EXECUTIVES
|
Name : |
Mr. Rajesh Xavier |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2018
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Vanik Sachdeva |
200000 |
20.00 |
|
Sanjeev Sachdeva |
200000 |
20.00 |
|
Ravindra KJ |
300000 |
30.00 |
|
Narendra Kumar R |
300000 |
30.00 |
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|
|
|
|
Total |
1000000 |
100.00 |
AS ON: 27.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer of Four Wheeler Vehicles. [Confirmed by Management] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Tata Motor India Private Limited |
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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 : |
Cash and Others [RTGS, NEFT] |
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Purchasing : |
Cash and Others [RTGS, NEFT] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
69 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited No. 50, Subbarama Chetty Road, Netkallappa Circle, Bangalore - 560004, Karnataka, India · Kotak Mahindra Bank Limited 60,
Subbarama Chetty Road, Netkallappa, Circle, Basavanagudi, Bangalore - 560004,
Karnataka, India |
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Facilities : |
--- |
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Auditors : |
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|
Name : |
Ramraj and Company Chartered Accountants |
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Address : |
No 65, 29th A Cross, Geetha Colony, Jayanagar, 4th Block,
Bangalore-560011, Karnataka, India |
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Tel. No.: |
91-80-22445567/
9343615294 |
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Fax No.: |
91-80-26657210 |
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E-Mail : |
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PAN No.: |
AABFR3927Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2018
[PROVISIONAL]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000
Million |
|
|
|
|
|
AS ON: 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
547870 |
Equity Shares |
INR 10/- each |
INR 5.479
Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
5.479 |
5.479 |
|
(b) Reserves & Surplus |
9.781 |
0.657 |
0.782 |
|
(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) |
19.781 |
6.136 |
6.261 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
28.086 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.064 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
28.150 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1.420 |
0.030 |
0.000 |
|
(c)
Other current liabilities |
1.146 |
0.000 |
0.020 |
|
(d)
Short-term provisions |
0.781 |
0.000 |
0.133 |
|
Total
Current Liabilities (4) |
3.347 |
0.030 |
0.153 |
|
|
|
|
|
|
TOTAL |
51.278 |
6.166 |
6.414 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
19.866 |
2.114 |
2.248 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.725 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.321 |
0.285 |
|
(d) Long-term Loan
and Advances |
23.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
44.591 |
2.435 |
2.533 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
0.168 |
0.106 |
0.464 |
|
(e)
Short-term loans and advances |
6.519 |
3.625 |
3.417 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
6.687 |
3.731 |
3.881 |
|
|
|
|
|
|
TOTAL |
51.278 |
6.166 |
6.414 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
8.366 |
0.000 |
0.000 |
|
|
|
Other Income |
0.034 |
0.555 |
0.883 |
|
|
|
TOTAL |
8.400 |
0.555 |
0.883 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
5.510 |
0.000 |
0.000 |
|
|
|
Other expenses |
1.903 |
0.573 |
0.047 |
|
|
|
TOTAL |
7.413 |
0.573 |
0.047 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.987 |
(0.018) |
0.836 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.014 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.973 |
(0.019) |
0.835 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.144 |
0.134 |
0.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.829 |
(0.153) |
0.701 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.386 |
(0.029) |
0.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.443 |
(0.124) |
0.602 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
0.44 |
(0.23) |
1.10 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash from Operative Activities before Income Tax |
NA |
(0.350) |
0.562 |
|
|
|
|
|
|
Net Cash from Operative Activities after Income Tax |
NA |
(0.357) |
0.428 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.05 |
(0.01) |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.00 |
0.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.42 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.17 |
0.00 |
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.09 |
0.34 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
70.50 |
(18.00) |
836.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.30 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.86 |
(2.01) |
9.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.24 |
(2.02) |
9.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.00 |
124.37 |
25.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
2.00 |
124.37 |
25.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.39 |
1.00 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.81 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.00 |
124.37 |
25.37 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
5.479 |
5.479 |
10.000 |
|
Reserves & Surplus |
0.782 |
0.657 |
9.781 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6.261 |
6.136 |
19.781 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
28.086 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
28.086 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
1.420 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Total Income |
0.883 |
0.555 |
8.400 |
|
|
|
(37.146) |
1,413.514 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
0.883 |
0.555 |
8.400 |
|
Profit/ (Loss) |
0.602 |
(0.124) |
0.443 |
|
|
68.18% |
(22.34%) |
5.27% |
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR In Million) |
31.03.2017 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and Advances From Related Parties |
28.086 |
0.000 |
|
|
|
|
|
Total |
28.086 |
0.000 |
-----------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||
|
2019 Projected |
2020 Projected |
2021 Projected |
|
|
ASSETS |
|
|
|
|
Current
Assets |
|
|
|
|
Inventories |
104.000 |
106.500 |
107.500 |
|
|
|
|
|
|
Sapre parts |
36.000 |
39.000 |
55.600 |
|
|
|
|
|
|
Receivables |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash On Hand |
0.700 |
0.600 |
0.800 |
|
|
|
|
|
|
Total Current Assets |
140.700 |
146.100 |
163.900 |
|
|
|
|
|
|
Fixed
Assets |
|
|
|
|
Land & building |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Plant &Machinery |
9.000 |
7.200 |
5.700 |
|
|
|
|
|
|
Sundries |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
9.000 |
7.200 |
5.700 |
|
|
|
|
|
|
Depreciation |
1.800 |
1.500 |
1.300 |
|
|
|
|
|
|
Net Fixed Assets |
7.200 |
5.700 |
4.400 |
|
|
|
|
|
|
Non Current Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Investment |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total Assets |
147.900 |
151.800 |
168.300 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
Current
Lability |
|
|
|
|
Working Capital |
100.000 |
100.000 |
110.000 |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
100.000 |
100.000 |
110.000 |
|
|
|
|
|
|
Term Liability |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Networth |
|
|
|
|
Paid up Capital |
7.500 |
7.500 |
9.500 |
|
|
|
|
|
|
Reserves and Surplus |
40.400 |
44.300 |
48.800 |
|
|
|
|
|
|
Total |
47.900 |
51.800 |
58.300 |
|
|
|
|
|
|
Total Liabilities |
147.900 |
151.800 |
168.300 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT AND LOSS ACCOUNT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||
|
2019 Projected |
2020 Projected |
2021 Projected |
|
|
Vehicle Sales |
609.000 |
670.000 |
737.000 |
|
|
|
|
|
|
Services and spare parts margin |
43.000 |
47.500 |
52.500 |
|
|
|
|
|
|
Total |
652.000 |
717.500 |
789.500 |
|
|
|
|
|
|
Purchase |
517.700 |
569.500 |
626.500 |
|
|
|
|
|
|
Interest cost on Fixed Asset investments |
--- |
--- |
--- |
|
|
|
|
|
|
Interest cost on Working Capital |
12.000 |
13.500 |
15.000 |
|
|
|
|
|
|
Rentals |
3.600 |
3.600 |
3.800 |
|
|
|
|
|
|
Marketing Expenses (Including service marketing) |
1.400 |
1.500 |
1.700 |
|
|
|
|
|
|
Salary/Wages and incentives |
17.500 |
19.300 |
21.200 |
|
|
|
|
|
|
Other Expenses (Electricity / Water / Municipal tax...) |
1.700 |
19.300 |
21.200 |
|
|
|
|
|
|
Total Expenses |
553.900 |
609.300 |
670.300 |
|
|
|
|
|
|
Tax |
32.400 |
36.100 |
39.700 |
|
|
|
|
|
|
Net Profit After Tax |
65.700 |
72.100 |
79.500 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. KORAMANGALA RAVINDRA JAYAPPA [DIRECTOR]
(INR IN MILLION)
|
PARTICULARS |
Amount
|
|
A) IMMOVABLE
PROPERTIES |
|
|
Residential Apartments at no. 402, KMJ the hive, 1st B Cross, 7th Block, Koramangala, Bangalore-560095 (measuring 1350 Sq. Ft. @ INR 15,000/- p.s.f) |
20.250 |
|
|
|
|
(Total Builtup area 5500 Sq. Ft. @ INR 1500/- p.s.f) |
8.250 |
|
|
|
|
Commercial Building Situated at no. 15, KMJ Arcadia, Indl Main Road, 5th Block, Koramangala, Bangalore-95 (Jointly held with Mr. K.J. Anand) (measuring 4000 Sq. Ft. @ INR 18000/- p.s.f) |
36.000 |
|
|
|
|
Total Builtup Area 23500 Sq. Ft. @ INR 1500 /- p.s.f.) |
17.625 |
|
|
|
|
Vacant Land situated at Sy no. 3, Bommanahalli, Bangalore-560068 (Measuring 5000 Sq Ft @ INR 2000/- p.s.f) |
10.000 |
|
|
|
|
Residential Vacant Site situated at No. 10, Corporation no. 3, 1st
Cross, Rose Garden, Vannarpet, Bangalore-560047 (Measuring 3000 Sq. Ft. @ INR 3000- p.s.f.) |
9.000 |
|
|
--------------- |
|
Total value
of Immovable Assets |
101.125 |
|
|
|
|
B) MOVABLE
PROPERTIES |
|
|
Capital Investment in S S Associates |
(7.465) |
|
|
|
|
Capital in Investment in K M J Management Services |
0.730 |
|
|
|
|
Capital in Investment in Neev Avantgarde Holdings Inc |
22.801 |
|
|
|
|
Capital in Investment in Neev Avantgarde Projects |
17.089 |
|
|
|
|
Capital in Investment in Neev Avantgarde Motors |
19.502 |
|
|
|
|
Shares with Shri Vemana Co-Operative Society |
0.102 |
|
|
|
|
Shares in Cropex Auto Private Limited |
12.000 |
|
|
|
|
Shares with Indian Overseas Bank (As on 10-03-2017=300 Shares X 26.55/-) |
0.008 |
|
|
|
|
Shares with Syndicate Bank (As on 10-03-2017=300 Shares X 65.55/-) |
0.020 |
|
|
|
|
Vehicles Owned |
|
|
Range Rover Sport |
16.295 |
|
|
|
|
Mercedes Benz |
2.952 |
|
|
|
|
Hyundai 110 |
0.625 |
|
|
|
|
Motor Bike Yamaha R1 |
0.761 |
|
|
|
|
Gold and Silver Ornaments |
2.087 |
|
|
|
|
Cash and Bank
Balance |
|
|
Cash at Bank |
0.789 |
|
|
|
|
Cash on hand |
0.085 |
|
|
|
|
Total value
of Immovable Assets |
88.381 |
|
|
--------------- |
|
C) TOTAL VALUE
OF ASSETS (A+B) |
189.506 |
|
|
|
|
D) LESS: LOANS
AND BORROWALS |
|
|
Housing Loan from Edelweiss |
2.089 |
|
Loan from Kotak Mahindra Finance (50%) |
20.356 |
|
Loans from Edelweiss (50%) |
2.269 |
|
Rental Security Deposits Revenue Repayable |
6.175 |
|
Range Rover Loan |
8.125 |
|
|
--------------- |
|
TOTAL VALUE OF
LIABILITIES |
39.014 |
|
|
|
|
TOTAL NETWORTH (C-D) |
150.492 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. RAMACHANDRAREDDY KUMAR NARENDRA
[DIRECTOR]
(INR IN MILLION)
|
PARTICULARS |
Amount
|
|
A) IMMOVABLE
PROPERTIES |
|
|
Residential property at Khata no. 2/ 212&251 Kaggadasapura, Bangalore (measuring 4905 Sq. Ft. @ INR 7000/- p.s.f) |
34.335 |
|
|
|
|
(Total Builtup area 5500 Sq. Ft.) |
15.000 |
|
|
|
|
Land and Buildingss situated at no. 224, Kaggadasapura, Bangalore (Measuring 8625 Sq Ft @ INR 7000/- p.s.f) |
60.375 |
|
|
|
|
Residential Site at Kolar (Measuring 4000 Sq Ft @ INR 1000/- p.s.f) |
4.000 |
|
|
--------------- |
|
Total value
of Immovable Assets |
113.710 |
|
|
|
|
B) MOVABLE
PROPERTIES |
|
|
Capital Investment in S S Associates as on 31.03.2016 |
(1.016) |
|
|
|
|
Capital in Investment in Shakthi Granties as on 31.03.2016 |
0.448 |
|
|
|
|
Capital in Investment in Neev Avantgarde Holdings as on 31.03.2016 |
20.845 |
|
|
|
|
Capital in Investment in Neev Avantgarde Projects |
14.072 |
|
|
|
|
Motor Vehicles |
|
|
Suzuki Access Scooter |
0.011 |
|
|
|
|
Audi Car |
2.853 |
|
|
|
|
Suzuki Intruder |
1.803 |
|
|
|
|
Skoda Rapid Car |
1.600 |
|
|
|
|
Loans and Advances |
|
|
Kropex Auto Private Limited |
5.000 |
|
|
|
|
Cash and Bank
Balance |
|
|
Cash at Bank |
5.638 |
|
|
|
|
Cash on hand |
1.224 |
|
|
|
|
Total value
of Immovable Assets |
52.478 |
|
|
--------------- |
|
C) TOTAL VALUE
OF ASSETS (A+B) |
166.188 |
|
|
|
|
D) LESS: LOANS
AND BORROWALS |
|
|
Housing Loan from Vijaya Bank |
0.716 |
|
|
|
|
Car Loan from Volks wagen Financial Fin Services |
0.527 |
|
|
|
|
Rental Security Deposits Repayable |
0.275 |
|
|
|
|
Skoda Rapid Car Loan with Canara Bank |
1.150 |
|
|
|
|
Loans (relatives) |
1.500 |
|
|
|
|
TOTAL VALUE OF
LIABILITIES |
4.168 |
|
|
--------------- |
|
TOTAL NETWORTH (C-D) |
162.020 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. SANJEEV SACHDEVA [DIRECTOR]
(INR IN MILLION)
|
PARTICULARS |
Amount
|
|
A) IMMOVABLE
PROPERTIES |
|
|
Vacant Land situated at W-107/5, Eagleton Layout Billekempanahalli Village, Bidadi, Blore Rural |
7.200 |
|
|
|
|
Commercial Property situated at No. 211/20- 2nd Floor and 224/20- Backside property, Wilson Garden, Blore 27 |
15.000 |
|
|
|
|
Residential Property situated at No. 36, Shubh Enclave Harlur Road, Sarjapur, Blore (1/4th Share) |
30.000 |
|
|
--------------- |
|
Total value
of Immovable Assets |
52.200 |
|
|
|
|
B) MOVABLE
PROPERTIES |
|
|
Investment in Business |
102.506 |
|
|
|
|
Cash and Bank Balance |
0.196 |
|
|
|
|
LIC Policies Held |
0.663 |
|
|
|
|
Investments in Jewellery |
0.536 |
|
|
|
|
Total value
of Immovable Assets |
103.901 |
|
|
--------------- |
|
C) TOTAL VALUE
OF ASSETS (A+B) |
156.101 |
|
|
|
|
D) LESS: LOANS
AND BORROWALS |
|
|
Loan Against Shubh Enclave Property (1/4th Share) |
8.487 |
|
|
|
|
TOTAL VALUE OF
LIABILITIES |
8.487 |
|
|
--------------- |
|
TOTAL NETWORTH (C-D) |
147.614 |
---------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. VANIK SACHDEVA [DIRECTOR]
(INR IN MILLION)
|
PARTICULARS |
Amount
|
|
A) IMMOVABLE
PROPERTIES |
|
|
Vacant Land situated at B-36, No. 419, Sy No. 70/2 Eagleburg Golf Village, Varakodu, Mysore-570010 |
20.000 |
|
|
|
|
Residential Property situated at No. 36, Shubh Enclave Harlur Road, Sarjapur, Blore (1/4th Share) |
30.000 |
|
|
--------------- |
|
Total value
of Immovable Assets |
50.000 |
|
|
|
|
B) MOVABLE
PROPERTIES |
|
|
Investment in Business |
2.285 |
|
|
|
|
Cash and Bank Balance |
0.185 |
|
|
|
|
LIC Policies Held |
1.123 |
|
|
|
|
Investments in Jewellery |
0.515 |
|
|
|
|
Investments in Govt, Promissory Notes, Shares Etc |
0.647 |
|
|
|
|
Total value
of Immovable Assets |
4.755 |
|
|
--------------- |
|
C) TOTAL VALUE
OF ASSETS (A+B) |
54.755 |
|
|
|
|
D) LESS: LOANS
AND BORROWALS |
|
|
Loan Against Shubh Enclave Property (1/4th Share) |
8.487 |
|
|
|
|
Loan Against Eagleburg Property |
6.080 |
|
|
|
|
TOTAL VALUE OF
LIABILITIES |
14.567 |
|
|
--------------- |
|
TOTAL NETWORTH (C-D) |
40.188 |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
BACKGROUND OF THE
COMPANY:
The company incorporated on 19.04.1995 with main objective of running automobile showroom. The company was in tie up with GM General Motors and they have two show rooms with service centers viz., Electronicity and Marthahalli.
Since General Motors has decided to stop selling cars in the domestic market by the end of 2017, and would use its local manufacturing base at Talegaon (near Pune) to focus on the export markets, the company has successfully bagged business dealership of Tata Motors.
Experience of
Directors:
Mr. Vanik Sachdeva, BBM graduate, based out of Bangalore. He has been associated with the auto industry for over 9 years. He is an active member of the Round Table Association of India as Vice Chairman got BRRT219 and associated with various social causes & have jointly been involved in establishing a school & toilets for young underprivileged girls.
Mr Sanjeev Sachdeva, B.Com Graduate, a businessman based out of Bangalore. He has started with offset printing business. He is an avid golfer and enthusiasts having participated in various golf tournaments in India & abroad. He is having sufficient experience of both finance & marketing in various industries.
Mr. Narendra Kumar, family friend & business partner is an active member in various Social Circles & has passion about biking events.
Mr. Ravindra K J, family friend & Business Partner is into realty sector, He is also the Hon. Secretary in Builders NGV Club. He is an avid biker & sports car lover known well among auto enthusiasts & builder fraternity.
PRESENT FINANCING ARRANGEMENT:
The company presently not yet availed any
credit facility for running the business.
PAST FINANCIAL RECORDS:
|
Particulars |
2015-16 |
2016-17 |
|
Sales |
0.883 |
0.555 |
|
NPAT |
(0.098) |
(0.124) |
PROPOSED PROJECT:
The company is planning to start their
business dealership with Tata Motors at their Electronicity show room and will
continue service to GE vehicles for another 8 to 10 years at their Marthahalli
showroom.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Prime Security – 1
|
|
|
|
|
|
|
Nature of Security |
Market value |
Forced sale value
proposed |
Valuation |
Other details/ % of Security cover
INR In lakh |
|
|
|
Existing |
Proposed* |
Date & name of
Approved valuer |
||
|
Supplementary mortgage followed by registered memorandum for house property bearing No. 3AC-104 in East of N G E F (Banaswadi Village) Extension, Bangalore Now assigned BBMP Khatha of Property bearing Municipal New No 3AC-104 at East of NGEF Layout (Kasturi Nagar) Bangalore, Ward No 84 PID No 84-138-3AC-104, Now this property comes under the jurisdiction of Bruhat Bangalore Mahanagara Palike, Bangalore, measuring east to West 12.20 metres and North to South 18.30 Metres totally measuring 223.26 Sq.mtr as per Legal Opinion given by Advocate Mr. Deepak vide report Dt. 25-08-2012 {The Proposed property is exsiting prime security for housing loan in the name of Mrs. N Mamtha & Mr. K J Anand for mortgage value of INR 87,40,000.00 with present o/s of INR 53.51 lakh) OWNER- MRS. MAMTHA |
- |
39.625 |
35.662 |
Report given by K
Thammaiah & Associates Dt 16-08-2017 |
FSV-
35.662 |
|
|
|
|
|
|
|
|
Prime Security – 2
|
|
|
|
|
|
|
Nature of Security |
Market value |
Forced sale value
proposed |
Valuation |
Other details/ % of Security cover
INR In lakh |
|
|
|
Existing |
Proposed* |
Date & name of
Approved valuer |
||
|
Residual value of extension of EM followed by registered
memorandum of the
property property at Site.No. 752, Hosur Sarjapur Road, Sector 7, HSR layout
sector VII Agara,Bangalore E-W 12.50 Mts X N-S 9.14 Mts in all 114.25 Sq Mts
(1350 Sq.Feet) in the name of K.J Anand, S/o K.M Jayappa as per the legal opinion dated 30.04.2005
by V.S Jagannath. Land Area: 1350
Sqft Built up area: GF+FF+SF= 2638 Sqft
OWNER- Mr. ANAND K
J |
- |
21.087 |
18.978 |
Report given by K Thammaiah & Associates Dt 16-08-2017 |
18.978 |
|
Residual value
available from property 1 |
INR 11.361 Million |
|
|
|
|
Residual value
available from property 2 |
INR 9.203 Million |
|
|
|
|
Total security
available |
INR 20.564 Million |
|
|
|
|
ETF limit eligibility with 30 % margin w.r.t urban
property |
INR 14.395 Million |
|
|
|
|
Limit requested by
the customer and recommended by
branch* |
INR 10.000 Million |
-----------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G81212276 |
80015167 |
KOTAK MAHINDRA BANK LIMITED |
29/08/2005 |
04/02/2013 |
13/03/2018 |
201961000.0 |
60,SUBBARAMA CHETTY ROAD,NETKALLAPPA CIRCLE,BASAVANAGUDI,BANGALOREKA560004IN |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from No. 211/20,
16th Cross, 11th Mainlakasandra Wilson Garden,
Bangalore-560030, Karnataka, India to the present address w.e.f 19.02.2011
FIXED ASSETS:
Tangible Assets
·
Land and Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
-----------------------------------------------------------------------------------------------------------------------------
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 67.96 |
|
UK Pound |
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information Gathered
by : |
ARC |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
NO |
|
--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.