MIRA
INFORM REPORT
|
Report Date : |
10th June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
MUKESH AND ASSOCIATES |
|
|
|
|
Registered Office : |
5/3, Ragavan Street, Swarnapuri, Salem - 636004.
TamilNadu. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2005 |
|
|
|
|
Date of Incorporation : |
1982 |
|
|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
CHEM06516G |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners.
|
|
|
|
|
Line of Business : |
Consultancy and service provider in Architecture, Planning, civil , infrastructure, Environmental
Engineering, CADD and GIS conversions.
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 40000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established concern having fine track records.
Trade relations are fair. General financial position is satisfactory.
Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at
usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
5/3, Ragavan Street, Swarnapuri, Salem - 636004.
TamilNadu. |
|
Tel. No.: |
91-427-2330395 /
2330568 / 2331109 |
|
Fax No.: |
91-427-2330209 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Ø
37, Ground Floor, Ø
144-B, Pocket - I, Ø
No.2-2-647/215, Central Excise Colony, |
PARTNERS
|
Name : |
Shri. A.Dhirajlal |
|
Designation : |
Chairman and Partner |
|
Qualification : |
B.E. (Civil), F.I.E,
Grad. C.Ed. (Leeds), MISTE, MICI, Chartered Engineer (FIE No.F 7622) |
|
Experience : |
Structural Engineer with
more than 40 years of experience |
|
|
|
|
Name : |
Shri. Mukesh Dhirajlal |
|
Designation : |
Managing Partners |
|
Tel No. : |
91-427-2331109 |
|
Qualification : |
M.Arch. (USA) |
|
Experience : |
Architect having professional
experience in USA and INDIA for more than 20 years |
|
|
|
|
Name : |
Shri. Manojkumar Dhirajlal |
|
Designation : |
Managing Partners |
|
Qualification : |
B.E. (CIVIL), M.S.
(USA) |
|
Experience : |
Civil Engineer having
professional experience in USA and INDIA for more than 17 years |
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Consultancy and service provider in Architecture, Planning, civil , infrastructure, Environmental
Engineering, CADD and GIS conversions.
|
|
|
|
|
Exports to : |
Germany |
|
|
|
GENERAL
INFORMATION
|
|
|
|
Customers : |
Central & State
Governments of India, corporate sector including Fortune five hundred
companies |
|
|
|
|
No. of Employees : |
250 |
|
|
|
|
Bankers : |
HDFC Bank Limited, Salem |
|
|
|
|
|
|
|
Associates/Subsidiaries : |
Ø
ONG & ONG Architects, Singapore Ø
Edward Suzuki Associates INC., Tokyo, Japan Ø
Sverdrup Civil INC., USA Ø
Golder Associates, Canada Ø WS Atkins, UK |
CAPITAL
STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 10.000 millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 10.000 millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
|
|
31.03.2005 (Per annum) |
|
Sales Turnover |
|
|
50.000 |
|
|
|
|
|
LOCAL
AGENCY FURTHER INFORMATION
Mukesh
& Associates is a multidisciplinary consultancy firm based at Salem and
Chennai, India offering consultancy services in Architecture, Planning, Civil, Infrastructure,
Environmental Engineering, CADD and GIS conversions. Established in 1982, this
two hundred and fifty persons strong company has under her fold many
architects, engineers and GIS professionals of eminence specialised in various
fields. Clients include Central and State Government of India, corporate sector
including Fortune Five hundred companies and leading consultancy firms in UK
and USA.
Germany have quoted for Architectural consultancy and hope to get
a good reply.
Ø
Project management and construction
quality control program for roads and bridges.
Ø
Pre feasibility and feasibility studies
for major Highway projects and Bridges.
Ø
Traffic and transportation engineering
including strategic option studies.
Ø
Geo-technical investigations and field
surveys including topographical survey using total stations for roads and
bridges.
Ø
Detailed engineering studies &
design of highways, bridges, toll roads, express ways, subways etc.
Ø
Pavement analysis and design including
condition surveys and structural strength surveys.
Ø
Proof checking of detailed design of
bridges, subways, roads etc.
Ø
Financial management strategy and
procurement monitoring system for urban infrastructure projects including roads
and bridges.
Ø
Economic and financial analysis for
various types of urban infrastructure projects including roads and bridges
under various types of funding options and user fee charges.
Ø
Environmental engineering including
Environmental Impact Assessments and Management Plan (EIA & EMP) and
socio-economic studies for various types of urban infrastructure
projects.
Ø
Urban infrastructure development works
including master planning of urban areas and infrastructure corridors.
Ø
Architectural planning and economical
structural design of commercial, residential, industrial and multi-storied
office complexes.
Ø
Planning & designing of projects
related to water supply, drainage and sewage disposal.
Ø
Preparation of bidding documents for
inviting offers on BOT/BOOT basis.
Ø
Preparation of detailed cost estimate
& bill of quantities.
REGULAR & ONLINE CONSULTANCY DESIGN AND DRAFTING SERVICES
Engineering consultancy in the field of Civil Engineering in the following
areas:
Ø
Structural design, Architectural Design
Ø
Water supply and sewerage projects
Ø
Roads, Highways and Bridges
Ø
Urban development and planning
Ø
Computer Aided Drafting and
Design(CADD) for the above
Ø
Programming for CNC machine
International
Associates
ONG & ONG ARCHITECTS, Singapore
ONG & ONG ARCHITECTS, established in 1972 at Singapore, handling
multi-disciplinary projects in master planning and architecture to interior
design, lighting, landscape and graphics. In addition to projects in Singapore,
the firm has also completed several large-scale developments regionally with
on-going projects in Indonesia, India and the Philippines.
www.ong-ong.com
EDWARD SUZUKI ASSOCIATES INC., Tokyo, Japan
Edward Suzuki Associates Inc., is an Architectural Firm lead by Edward Suzuki ,
a renowned Architect based in Tokyo, Japan. Established in 1977, handling
multi-disciplinary projects in Architectural, Urban Infrastructure Development
and Interior Design. The firm applies traditional Japanese principles and
concepts such as roof overhangs, peripheral corridors, light though shoji
screens, ventilation to new designs using new and / or old materials.
www.edward.net
SVERDRUP CIVIL INC., USA
Sverdrup Civil is a USA based company with vivid experience in all facets of
engineering discipline. It has 5000 members of which nearly 3500 skilled
Engineers, Architects and supporting technicians. It has more than 45 offices
in US, and handles projects in over 50 locations worldwide.
www.sverdrup.com
GOLDER ASSOCIATES, Canada
Golder Associates is Canadian based international group of consulting company
providing comprehensive geo-technical engineering and environmental services.
The company has 1800 professionals and has completed projects in more than 110
countries around the world. Their offices are spread over Canada, United
States, Europe, Asia, Australia, United Kingdom and South America.
www.golder.com
WS ATKINS, UK
WS Atkins is an international consultancy company based at United Kingdom. It
has participated in development projects throughout South and South East Asia,
Africa, the Middle East, the Pacific, Caribbean, Latin America and Europe.
www.wsatkins.co.uk
Mukesh & Associates offers multi-disciplinary consultancy services in
association with the above companies for a number of Government projects aided
by World Bank and other funding agencies.
Company's
major clients include Central & State Governments of India, corporate
sector including Fortune five hundred companies.
Project
locations are across the country including Gujarat, Haryana, Kerala and Assam.
Important
Building constructed and clients :
Textile Sector
Tirupur Exporters'
Association
- M/s.
Netaji Apparel Park, New Tirupur (Garment Units)
- M/s.
Rajapalayam Mills Limited, Rajapalayam (Spinning Mills)
- M/s.
Vishnu Shankar Mills Limited, Rajapalayam (Spinning Mills)
- M/s.
Ramaraju Surgical Cotton Mills Limited, Rajapalayam (Spinning Mills)
- M/s.
Sudarsanam Mills, Silvassa
- M/s.
Sandiya Mills, Rajapalayam (Spinning Mills)
Premier Group
- M/s.
Prima Products (P) Ltd., Coimbatore. (Spinning Mill)
- M/s.
Premier Fine Yarns (P) Ltd., Udumalpet. (Spinning Mill)
V.I.P. Group
- M/s.
Hybo Hindustan, Perundurai (Process House)
- M/s.
Maxwell Spinning Mills, Gopichettypalayam.
- M/s.
Maxwell Garments Unit. Thingalur.
K.S.R. Group
- M/s.
Summer India Textile Mills (P) Ltd., Tiruchengode. (Garment Units)
- M/s.
Summer India Weaving & Processing Mills (P) Ltd., Tiruchengode
Jayavilas Group
- M/s.
Parameswari Textile Mills, Aruppukottai (Spinning Mills)
- M/s.
Jayalakshmi Textiles (P) Limited, Aruppukottai (Spinning Mills)
- M/s.
Jayajothi Mills "B" Unit, Rajapalayam (Spinning Mills)
- M/s.
Govindaraja Spinning Mills (P) Ltd., Aruppukottai
- M/s.
Jayavelu Spinning Mills. Aruppukottai.
Thiruvalluvar Group
- M/s.
Thiruvalluvar Textiles (P) Ltd., Rasipuram. (Spinning Mill)
- M/s.
Malini Spinning Mills (P) Ltd. (B & C Units), Mallur.
Loyal Group
- M/s.
Loyal Textile Mills "B" Unit, Kovilpatty (Spinning Mills)
- M/s.
Loyal Super Fabrics, Cuddalore
Ammaiyappar Group
- M/s.
Ammaiyapper Textiles, Chennai (Spinning Mills)
Raghav Industries
- M/s.
Raghav Mills, Kattipalayam, (Spinning Mill)
- M/s.
Raghav Mills, Komarapalayam, (Spinning Mill)
Other
Textile Industries
- M/s.
Gem Spinners India Limited, Chennai
- M/s.
Eswari Knittings, Tirupur
- M/s.
Raghav Industries, Erode (Spinning Mills)
- M/s.
Tirupathi Spinning Mills, Avinashi
- M/s.
Jayakrishna Textiles, Perundurai (Weaving Mill)
- M/s.
Thambi Modern Spinning Mills, Salem
- M/s.
Chiranjilal Spinners (P) Ltd., Salem
- M/s.
Vishal Cotspin Limited, Raichur (Spinning Mills)
- M/s.
Thirumagal Mills, Gudiyattam (Spinning Mills)
- M/s.
Bageswari Textile Mills, Omalur, Salem (Spinning Mills)
- M/s.
Swan Textiles Mills, Salem (Garment Unit)
- M/s.
Arthanari Loom Centre, Salem
- M/s.
Raja Bhuvana Fabric, Salem (Weaving Mill)
- M/s.
Srinithi Textiles Mills, Oddanchatram (Spinning Mills)
- M/s.
R.A. Knitting Mills & Processing House Tirupur
- M/s.
Srinithi Fabrics, Perundurai. (Process House)
- M/s.
Sabari Industries, Perundurai. (Process House)
- M/s.
Aswin Textiles Mills, Dharapuram (Spinning Mills)
- M/s.
Pallipalayam Spinning Mills, Erode
- M/s.
Valli Mills, Sattur (Spinning Mills)
- M/s.
Ideal Spinning Mills, Pappireddipatty
- M/s.
Thangavel Spinning Mills, Bommidi
- M/s.
Sri Nithyakalyani Textiles, Karaikudi (Spinning Mills)
- M/s.
Unnamalai Spinning Mill, Harur.
- M/s.
Sree Spinning Mill, Salem
- M/s.
Sreenithi Mills, Erode (Weaving Mill)
- M/s.
Sri Snehavalli Textile Mills (P) Ltd., Karaikudi (Spinning Mill)
- M/s.
Jai India Weaving Mills (P) Ltd., Erode.
- M/s.
Kasi Raja Weaving Mills at Salem
- M/s.
Fenner India Textiles, Harur (Weaving Mill)
- M/s.
Alagu-Siva Textiles, Erode (Spinning Mills)
- M/s.
Prachi Exports, Tirupur (Garment Unit)
- M/s.
Beechins Creations, Tirupur (Process House)
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 45.88 |
|
UK Pound |
1 |
Rs. 84.61 |
|
Euro |
1 |
Rs. 58.01 |
SCORE
& RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
54 |
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 and their relative weights (as indicated through
%) are as follows:
Financial condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational
base are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |