MIRA
INFORM REPORT
|
Report Date : |
25TH
May, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
FUGRO
GEONICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot
No. 51, Sector – 6, Sanpada Navi Mumbai – 400705 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.12.2004 |
|
|
|
|
Date of Incorporation : |
27th
December, 1996 |
|
|
|
|
Com. Reg. No.: |
11-104739 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U73100MH1996PTC104739 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMF03462E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACF5243R |
|
|
|
|
Legal Form : |
Private
Limited Liability Company |
|
|
|
|
Line of Business : |
Company
is in engaged in Survey and Navigation Services, Positioning Services and
Geographical Information Services |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD
450000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a well – established fundamentally strong company having fine track
records. Trade relations are fair. Financial position is good. Payments are
correct and as per commitments. The company is doing well. It can
be considered good for any normal business dealings at usual trade terms and
conditions. It can
be regarded as a promising business partner in a medium to long – run. |
LOCATIONS
|
Registered Office : |
Plot
No. 51, Sector – 6, Sanpada Navi Mumbai – 400705 |
|
Tel. No.: |
91-22-27686700 |
|
Fax No.: |
91-22-27688282 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Liaison
Office |
Noida,
Uttar Pradesh |
|
Tel.
No.: |
91-120-2535015 |
|
Mobile
No.: |
91-9811321010 |
DIRECTORS
|
Name : |
Mr.
Nayak Bighananath |
|
Designation : |
Director
|
|
Address : |
A – 4,
Niles Cooperative, Housing Society Limited, Sector – 14, Vashi, Navi Mumbai –
400703 |
|
Date of Appointment : |
27.12.1996 |
|
|
|
|
Name : |
Mr.
Chitnis Ganesh Ravindra |
|
Designation : |
Director
|
|
Address : |
A/18,
Dara Enclave, Army Walefare Housing Complex, Sector – 9, Nerul, Navi Mumbai –
400706 |
|
Date of Appointment : |
27.12.1996 |
|
|
|
|
Name : |
Mr.
Nilesh Shashikant Nilesh |
|
Designation : |
Director
|
|
Address : |
D –
602, Vishal Cooperative, Housing Society Limited, Old Nagardas Road, Andheri
(East), Mumbai – 400069 |
|
Date of Appointment : |
27.12.1996 |
|
|
|
|
Name : |
Mr.
Corneus Schothorst |
|
Designation : |
Director
|
|
Address : |
Noorederpad,
AP Giethoorh, The Netherlands |
|
Date of Appointment : |
6.01.1997 |
|
|
|
|
Name : |
Mr.
Jakob Ruegg |
|
Designation : |
Director
|
|
Address : |
Gottfried
Keller Street, 1A – 8352, Ruemikon, Switzerland |
|
Date of Appointment : |
6.01.1997 |
|
Name
: |
Mr.
Niaz Ahmed |
|
Designation
: |
Director
|
|
Address
: |
300,
Bald Cypress Circle, Inwing, Texas – 75063, USA |
|
Date
of Appointment : |
6.01.1997 |
|
|
|
|
Name
: |
Ms.
Shalini Shah |
|
Designation
: |
Director
|
|
Address
: |
Yashwant
Nagar, 53, S V Road, Andheri (West), Mumbai – 400058 |
|
Date
of Appointment : |
11.04.2001
|
|
|
|
|
Name
: |
Mr.
Clive Lawrence Rowbury |
|
Designation
: |
Director
|
|
Address
: |
46,
Greenwood Avenue, Singapore – 289251 |
|
Date
of Appointment : |
18.08.2001 |
|
|
|
|
Name
: |
Mr.
Rameshwar Lohiya |
|
Designation
: |
Director
|
|
Address
: |
103/3545,
Nehru Nagar, Kurla (East), Mumbai – 400024 |
|
Date
of Appointment : |
1.08.2001 |
|
|
|
|
Name
: |
Mr.
Robert Willem Eduard Luijnenburg |
|
Designation
: |
Director
|
|
Address
: |
Mimosadreef
5, 2631 HZ, Nootdorp, The Netherlands |
|
Date
of Appointment : |
25.02.2002 |
|
|
|
|
Name
: |
Mr.
Richard Gore |
|
Designation
: |
Director
|
|
Address
: |
P O
Box No. 8625, Abu Dhabi, United Arab Emirates |
|
Date
of Appointment : |
29.03.2004 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
M/s.
Fugro Mauritius Limited |
25274 |
|
M/s.
Geonics [India] Private Limited |
2808 |
|
M/s.
Geonics [India] Private Limited |
4493 |
BUSINESS DETAILS
|
Line of Business : |
Company
is in engaged in Survey and Navigation Services, Positioning Services and
Geographical Information Services |
GENERAL
INFORMATION
|
Customer |
|
|
|
|
|
No. of Employees : |
400 |
|
|
|
|
Bankers : |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking Relations : |
Good |
|
|
|
|
Auditors : |
Borkar
& Muzumdar Chartered
Accountant |
|
Address: |
21/168,
Anand Nagar, Om Cooperative Housing Society, Anand Nagar Lane, Nehru Road, Vakola,
Santacruz (East), Mumbai – 400055 |
|
Tel. No.: |
91-22-22691254/57 |
|
Fax No.: |
91-22-26691233 |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
33,000 |
Equity
Shares |
Rs. 1000/- Each |
Rs. 33.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
26082 |
Equity
Shares |
Rs. 1000/- Each |
Rs. 28.082 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
28.082 |
28.082 |
28.082 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
85.333 |
62.474 |
47.647 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
113.415 |
90.556 |
75.729 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
13.710 |
|
|
2] Unsecured Loans |
95.272 |
27.626 |
0.000 |
|
|
TOTAL BORROWING |
95.272 |
27.626 |
13.710 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
208.687 |
118.182 |
89.439 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
85.400 |
63.872 |
55.160 |
|
|
Capital work-in-progress |
64.734 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.749 |
|
|
DEFERREX TAX ASSETS |
8.661 |
4.748 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.438
|
0.556 |
0.000 |
|
|
Sundry Debtors |
66.475
|
57.882 |
62.261 |
|
|
Cash & Bank Balances |
46.405
|
44.368 |
15.628 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
47.420
|
55.295 |
73.586 |
|
Total Current Assets |
160.738
|
158.101 |
151.475 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
62.361
|
49.266 |
52.764 |
|
|
Provisions |
48.485
|
59.273 |
65.181 |
|
Total Current Liabilities |
110.846
|
108.539 |
117.945 |
|
|
Net Current Assets |
49.892
|
49.562 |
33.530 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
208.687 |
118.182 |
89.439 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
|
Sales Turnover [including other income] |
320.933 |
171.856 |
174.347 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
101.085 |
28.420 |
45.990 |
|
Provision
for Taxation |
37.336 |
12.541 |
18.000 |
|
Profit/(Loss)
After Tax |
63.749 |
15.879 |
27.990 |
|
|
|
|
|
|
Export
Value |
175.245 |
103.274 |
NA |
|
|
|
|
|
|
Import
Value |
30.144 |
17.207 |
NA |
|
|
|
|
|
|
Total
Expenditure |
219.847 |
143.436 |
128.356 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2004 |
31.12.2003 |
31.12.2002 |
|
PAT / Total Income |
(%) |
19.86
|
9.23 |
16.05 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
31.49
|
16.53 |
26.37 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
41.06
|
12.80 |
22.25 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
0.89
|
0.31 |
0.60 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
1.81
|
1.50 |
1.73 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
1.45
|
1.45 |
1.28 |
LOCAL AGENCY
FURTHER INFORMATION
History
Fugro Geonics Private Limited was incorporated on 27.12.1996. The company is a joint venture between Geonics (India) Private Limited and Fugro Mauritius Limited, a subsidiary of Fugro NV, Netherlands
Operation
The
company’s operations during the year have been satisfactory. Company’s 75%
turnover came from Marine Survey and Construction market and balance 25% from
positioning segment. At the end of the year the company had acquired survey
cumdiving support vessel MV Geo Endeavour.
Dividend
The
company had already paid interim dividend of Rs. 1290 per share. Now the
director do not recommended any further dividend
Fixed
Assets
v
Leased
Hold
v
Building
v
Plant
& Machinery
v
Office
Equipment
v
Electrical
Fitting
v
Computer
and Peripherals
v
Furniture
& Fixture
v
Software
v
Motor
Vehicles
|
Name of the company |
FUGRO
GEONICS PRIVATE LIMITED |
|
Presented By |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Hypothecation of cash credit dated 11.09.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.500 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of all present and future goods and all stocks used by the company for various surveys in the usual course of business, stores thereof and receivables of the company iying at any other Godown or in respect of which the company can make or effect or purport to make any deposit hypothecation or charge |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest – 12.51% Margin – 50% on receivables |
|
5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited, Fort Branch, Universal Insurance Building, P M Road,
Fort, Mumbai – 400001 |
|
6) Date and brief description of instrument modifying the charge |
Supplemental deed for hypothecation agreement dated 8.12.2004 No instrument memoradum of entry made on 8.12.2004 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
11.09.1998 – Original charge of Rs. 2.500 Millions 21.06.1999 – Limit is secured by hypothecation by mortgage by deposit of title deeds in respect of immovable Rs. 2.500 Millions to Rs. 5.000 Millions against security 12.04.2001 – The immovable properties earlier as security is extened to secure the enhanced limit. The enhanced limit is future secured by way of equitable mortgage by deposit of title deeds in respect of immovable properties Now wide the above referred document the cc limit of Rs. 5.000 Millions granted by the bank remained the same Rs. 5.000 Millions. The company confirmed that the security by way of hypothecation of current assets and mortgage of immovable properties provided earlier shall continue as securities |
|
|
|
|
Name of the company |
FUGRO
GEONICS PRIVATE LIMITED |
|
Presented By |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Hypothecation of cash credit dated 11.09.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 10.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First charge company present and future goods and all stocks used by the company for various surveys in the usual course of business, stores thereof and receivables of the company iying at any other Godown or in respect of which the company can make or effect or purport to make any deposit hypothecation or charge |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The above assets are given as securities to secure the issuing of various guarantees to the company by the bank in respect of their various clients. |
|
5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited, Fort Branch, Universal Insurance Building, P M Road,
Fort, Mumbai – 400001 |
|
6) Date and brief description of instrument modifying the charge |
Supplemental deed for hypothecation agreement dated 8.12.2004 No instrument memoradum of entry made on 8.12.2004 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
11.09.1998 – Original charge of Rs. 2.500 Millions 21.06.1999 – Limit is secured by hypothecation by mortgage by deposit of title deeds in respect of immovable Rs. 2.500 Millions to Rs. 5.000 Millions against security 12.04.2001 – The immovable properties earlier as security is extened to secure the enhanced limit. The enhanced limit is future secured by way of equitable mortgage by deposit of title deeds in respect of immovable properties Now wide the above referred document the cc limit of Rs. 5.000 Millions granted by the bank remained the same Rs. 5.000 Millions. The company confirmed that the security by way of hypothecation of current assets and mortgage of immovable properties provided earlier shall continue as securities |
|
|
|
|
Name of the company |
FUGRO
GEONICS PRIVATE LIMITED |
|
Presented By |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Hypothecation of cash credit dated 11.09.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.500 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of all present and future goods and all stocks used by the company for various surveys in the usual course of business, stores thereof and receivables of the company iying at any other Godown or in respect of which the company can make or effect or purport to make any deposit hypothecation or charge |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest – 17.5% Margin – 25% on stocks and 50% on receivable |
|
5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited, Fort Branch, Universal Insurance Building, P M Road,
Fort, Mumbai – 400001 |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
|
|
|
|
Name of the company |
FUGRO
GEONICS PRIVATE LIMITED |
|
Presented By |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Hypothecation of cash credit dated 11.09.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 10.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First charge company present and future goods and all stocks used by the company for various surveys in the usual course of business, stores thereof and receivables of the company iying at any other Godown or in respect of which the company can make or effect or purport to make any deposit hypothecation or charge |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The above assets are given as securities to secure the issuing of various guarantees to the company by the bank in respect of their various clients. |
|
5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited, Fort Branch, Universal Insurance Building, P M Road,
Fort, Mumbai – 400001 |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
|
|
|
|
Name of the company |
FUGRO
GEONICS PRIVATE LIMITED |
|
Presented By |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Hypothecation of cash credit dated 11.09.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.500 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of all present and future goods and all stocks used by the company for various surveys in the usual course of business, stores thereof and receivables of the company iying at any other Godown or in respect of which the company can make or effect or purport to make any deposit hypothecation or charge |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest – 17.5% Margin – 25% on stocks and 50% on receivable |
|
5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited, Fort Branch, Universal Insurance Building, P M Road,
Fort, Mumbai – 400001 |
|
6) Date and brief description of instrument modifying the charge |
No instrument memoradum of entry made on 21.06.1999 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
11.09.1998 – Original charge of Rs. 2.500 Millions The cash credit limit is also secured by mortgage by deposited of title deeds more particularly described in first schedule to the memorandum of entry in respect of the company immovable property viz. Plot No. 46,to 49 each admeasuring about 264.600 sq. mtrs. |
|
|
|
|
Name of the company |
FUGRO
GEONICS PRIVATE LIMITED |
|
Presented By |
UTI
Bank Limited, Fort Branch, Universal Insurance Building, P M Road, Fort,
Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Hypothecation of cash credit dated 11.09.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 10.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First charge company present and future goods and all stocks used by the company for various surveys in the usual course of business, stores thereof and receivables of the company iying at any other Godown or in respect of which the company can make or effect or purport to make any deposit hypothecation or charge |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The above assets are given as securities to secure the issuing of various guarantees to the company by the bank in respect of their various clients. |
|
5) Name and Address and description of the person entitled to the charge. |
UTI Bank Limited, Fort Branch, Universal Insurance Building, P M Road,
Fort, Mumbai – 400001 |
|
6) Date and brief description of instrument modifying the charge |
No instrument memoradum of entry made on 21.06.1999 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
11.09.1998 – Original charge of Rs. 2.500 Millions The cash credit limit is also secured by mortgage by deposited of title deeds more particularly described in first schedule to the memorandum of entry in respect of the company immovable property viz. Plot No. 46,to 49 each admeasuring about 264.600 sq. mtrs. |
As per website Details:
Fugro Geonics Pvt. Limited
(FGIN) is a joint venture between the Netherlands based multinational Fugro
N.V. and Geonics (India) Pvt. Limited, Mumbai, India.
Fugro N.V., a company
listed on the AEX Stock Exchange in Amsterdam, is the world's largest company
involved in advanced geotechnical, surveying, seismic and positioning services.
It has over 260 offices in 66 countries manned by over 9000 employees.
India's technological
strengths at extremely competitive rates are now acknowledged globally. Geonics
India brings these to the joint venture, complementing Fugro's global reach
effectively.
FGIN reflects the desire of
the founders to offer the best of both the worlds to clients and seven short
years of dramatic growth are testimony to the clients' appreciation of the
concept. So is the growing list of clients from a truly diversified spectrum of
economy: Oil companies, Government Organizations, Planners, Utility companies
and authorities concerned with use of natural resources and infrastructure
development.
Positioning
Services
The introduction of the
Global Positioning System (GPS) has led to rapid advances in positioning
accuracy and survey efficiency. Fugro is at the forefront of these new
developments with products and services that continue to set new standards.
Fugro Geonics offers a
range of positioning services based around differential GPS systems to suit our
Clients' requirements. The company serves a wide range of Clients throughout
the Indian region, positioning ships, rigs, platforms and other installations.
Derivatives serve other marine activities, including defence (mainly in
supporting hydrographic charting); telecommunications (for cable laying and
repair / examination); dredging and other marine civil engineering projects;
vessel tracking and fleet management.
The following systems are
available from Fugro Geonics:
- Fugro Starfix-SPOT DGPS
- Fugro Starfix-PLUS DGPS
- Fugro Starfix-HP DGPS
- Fugro-HF DGPS
Fugro's state of the art STARFIX Differential GPS (DGPS)
service has been developed specifically to meet the offshore community's demand
for highly accurate positioning world-wide.
Differential GPS algorithms, developed by Fugro, remove
natural and man-made errors from the US Department of Defense's orbiting
satellite Global Positioning System. Fugro's STARFIX DGPS service has access to
more than 80 land based reference stations, with permanently manned control
centres in Houston, Aberdeen and Perth. Real-time data is delivered world-wide
over a network of high and low power satellite links.
Starfix Plus
In addition to our standard STARFIX services, Fugro has
developed an advanced dual-frequency DGPS solution to combat the problems of
decreased accuracy in high latitude regions, due to ionospheric distortion.
The deployment of dual frequency GPS equipment at selected
reference sites allows an accurate model of ionospheric activity to be
calculated. Data is combined within an advanced vessel mobile system, to
provide the user with a stable and reliable positioning system.
Starfix HP
Starfix-HP is an advance on the successful Starfix-PLUS
service introduced to provide a solution for positioning errors resulting from
the passage of GPS signals through the ionosphere. These errors are most
noticeable in the Tropics and at high latitudes (North and South), particularly
during the peak of 11-year solar cycle. Starfix-HP (High Performance) is
Fugro's latest innovation in DGPS technology. It is the result of a
considerable in-house development effort, leading to a wide-area decimetre
level DGPS service that is robust, accurate and reliable.
Starfix-HP delivers +/- 20cm accuracy in x-y and +/- 30cm in
z axis. The improved accuracy helps to satisfy the needs of Clients and service
providers to achieve better precision in their surveys, drawings and databases.
Greater accuracy translates into improved safety especially when working close
to pipelines and platforms.
Sub-sea Acoustic Positioning
Fugro are the world leaders in underwater positioning
systems. Using Long Base Line (LBL), Ultra Short Base Line (USBL) and combined
techniques (LUSBL), Fugro provides the highest levels of accuracy for sub-sea
navigation and positioning.
Geophysical /
Hydrographic Survey Operations
Detailed surveys and
assessments of the seabed and sub-seabed are a critical pre-requisite to the
cost-effective design of marine structures and sub-sea installations.
Fugro Geonics offers a
comprehensive array of survey sensors and trained personnel for geophysical /
hydrographic investigations, from inshore single beam bathymetry to full
geophysical site investigation spreads. Packages are tailored to suit each
customer's requirements, thus ensuring quality and relevance of data, always
with a view to cost-effectiveness.
Geophysical Survey
Services
Fugro Geonics undertakes a
wide range of tasks, including:
- Bathymetric charting of the sea floor
for safe navigation and engineering applications.
- Location and detection of man-made
artifacts including debris, shipwrecks, ordnance and sub-sea structures.
- Profiling of shallow geological
features and structures to assist with engineering studies and facilities
design.
- Sea-floor and sub-surface geotechnical
assessment.
- Location and detection of geohazards
such as shallow gas, hydrates, unstable sea floors, active geological
zones and potential shallow water flow-zones to enable exploration
drilling, facilities installation and production operations to be
performed safely and efficiently.
Port, Harbour and Coastal Surveys
Fugro Geonics provides a range of specialist inshore survey
systems, vessels and teams to meet the requirements of the port, harbour and
coastal engineering and construction communities, including:
- Hydrographic surveys, Navigation
clearance surveys.
- Pre, interim and post dredge surveys
for volumetric analysis and charting.
- Sand Searches for reclamation purposes.
- Monitoring services for beach and
foreshores, sediment movement and recycling.
Construction Support
Operations
As a leading global player
in the provision of offshore field development and construction support
facilities, Fugro's goal is to deliver superior quality services that meet or
exceed client specifications. Innovative technological solutions, a highly
skilled workforce and a track record of success in working with major
construction companies makes Fugro the industry company of choice.
Fugro Geonics plays a key
role in positioning and survey operations during offshore field development and
construction covering all phases of offshore engineering including:
- Tow outs of structures and
pre-fabricated pipelines.
- Installation of templates, platforms,
drilling rigs and sub-sea installations.
- Pipe lay positioning support.
- Trenching surveys for pipes and cables.
- Pre-engineering surveys for pipelines,
cables and structures.
- Pre-installation / anchor sweeping
surveys for pipelines, cables and structures.
- As-laid and as-built surveys.
- Routine / emergency pipeline inspection
surveys.
- Cathodic Protection Survey Services.
Rig Moves
Drilling rig operations are
extremely costly exercises requiring rapid reaction solutions and minimal
downtime. Fugro Geonics provides the following comprehensive range of drilling
rig moving and positioning services:
- Tow outs
- Inter-field moves
- Anchor handling tug control and anchor
drop positioning
- Underwater acoustic positioning
solutions
- Underwater template alignment
- Positioning and heading confirmation
For rig move events, Fugro Geonics can mobilize personnel and
positioning / navigation equipment with a very short lead-time. Co-ordination
of anchor handling vessels and rig positioning / alignment are controlled by
the survey personnel onboard the rig itself (or from an anchor handling tug as
directed by the Client). Control of the anchor handling vessels is effected
using Fugro's DRONE software, with data telemetered to-and-fro by a UHF radio
link. Fugro Geonics has positioned drilling rigs from shallow waters to depths
of up to 1750 m.
GIS Services
As part of the worldwide
Fugro Group of companies, Fugro Geonics specializes in electronic data
management and geographic information systems (GIS).
Fugro Geonics's specialist
team members have surveying, mapping and computer technology experience.
Alliances with Group Companies allow Fugro Geonics to stay up to date with
technology.
Flexibility, multi-skills
and continuous training are key to Fugro Geonics's core philosophies.
Land Survey
The Land Survey division of
Fugro Geonics provides a comprehensive range of Survey services to the land
development and construction industries.
Services offered in the
Land Survey field include: -
DGPS positioning services and consultancy
Topographic survey and base plan preparation
Geographic Information System (GIS) services
Dimensional Control
Fibre Optic laying and positioning services
Why Fugro Geonics
As a potential customer
looking for a special service, you might wonder why Fugro Geonics? The answer
is simple: Pedigree, Resources and Track record.
Pedigree
Fugro Geonics is part of
the Fugro family, an independent multi-national group having more than 7000
employees, based at more than 250 offices in 58 countries around the globe.
Fugro has been listed on the AEX Stock Exchange in Amsterdam since 1992. It is
also the world's largest multi-disciplinary company offering a unique
combination of advanced geotechnical, surveying, seismic and positioning
services worldwide. These services comprise the collecting, processing and
interpretation of data about the ground, air and water, advising on soil
conditions, foundations, infrastructure operations and providing precise
positioning services worldwide.
Why
Fugro Geonics
Resources
Our People
One of our main
strengths is our people having a high level of expertise. Our personnel have
independently and successfully carried out almost all types of survey services
not only in India but also in other parts of the World.
We are continuously adding
local staff to our technical pool and training them with assistance from Fugro
Group of companies. Apart from permanent local staff, we have access to highly
experienced and diversified personnel base of Fugro Group.
Our Equipment Base
We have state-of-the-art Survey equipment and are particular about regular
up-gradation. We are also well equipped to undertake complete processing and
plotting of the survey data on site / vessel. We also have a modern Survey data
processing center located in Navi Mumbai manned by highly experienced data
processors.
Equally important, the
company ethos ensures that the people are maintained at the cutting edge of
technological progress just as Hardware and Software Systems are. This involves
frequent training programs in India and abroad.
Our Workshop
Facility
We have full-fledged workshop facilities and trained engineers in Navi Mumbai
and Surat to maintain our advanced survey equipment base.
Why
Fugro Geonics
Track
Record
'Customer Satisfaction' are
not merely hollow words for us. They symbolize the very purpose of our
existence. Here is a sample list of some of our recent customers:
Company Profile
Fugro Geonics is a Joint
Venture company having equity participation by Fugro N.V., The Netherlands and
Geonics (India) Pvt. Limited The J.V. has been approved by Foreign Investment
Promotion Board, relevant ministries of Govt. of India and Reserve Bank of
India. The J.V. started its operation from December, 1996.
The company has its main
office, data processing centre and workshop in Navi Mumbai and a project office
in Surat in the state of Gujarat. Our representatives are based in Chennai and
New Delhi.
The company is a certified
ISO 9001:2000 company and is a member of International Hydrographic Society,
International Maritime Contractors Association (IMCA), UK, Confederation of
Indian Industry (CII), Indian Merchant Chambers and Bombay Chambers of Commerce
and Industry ( BCCI).
Fugro Geonics India Pvt.
Limited has more than 7 years experience with it in executing marine
engineering projects in India. Fugro Geonics India Pvt. Limited (FGIN) provides
services in the field of acquisition, processing, interpretation, reporting,
storage/ retrieval services ranging from conventional land, marine and
geophysical surveying to complex projects jointly with Fugro Group’s specialist
companies.
|
Corporate
|
|||||||||||||||||||||||
|
|
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.45.85 |
|
UK
Pound |
1 |
Rs.85.68 |
|
Euro |
1 |
Rs.58.59 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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 |