MIRA
INFORM REPORT
|
Report Date : |
25TH
May, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
JAIN
ESTATES ONCOR INTERNATIONAL |
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Registered Office : |
A –
21, Second Floor, Green Park Main, Aurobindo Marg, New Delhi – 110016 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1989 |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners. |
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Line of Business : |
Real
Estate Consultancy Services and Specialised in Identifying Sites and
Construction of Building for Industrial and Commercial Office Premises, BPOs
and Software Development Centre. |
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 |
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Maximum Credit Limit : |
USD
20000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a real estate consultant having satisfactory track. Trade relations are
fair. Payments are reported as correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
A –
21, Second Floor, Green Park Main, Aurobindo Marg, New Delhi – 110016 |
|
Tel. No.: |
91-11-41444000/41756901/26868675/26513201 |
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Fax No.: |
91-11-26516231 |
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E-Mail : |
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Website : |
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Area: |
3000
Sq. ft |
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Location : |
Owned
(Commercial) |
PARTNERS
|
Name : |
Mr.
Ashish Jain |
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Designation : |
Partner
|
|
Date of Birth/Age : |
35
Years |
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Qualification : |
MBA |
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Experience : |
10
Years |
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E-Mail.:
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|
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Name : |
Mr.
Amit Jain |
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Designation : |
Partner
|
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Date of Birth/Age : |
29
Years |
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Qualification : |
MBA |
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Experience : |
5
Years |
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E-Mail.:
|
KEY EXECUTIVES
|
Name
: |
Mr.
Akshay Dhar |
|
Designation
: |
Key
Executive |
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Mobile
No.: |
91-9891406707 |
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E-Mail.:
|
BUSINESS DETAILS
|
Line of Business : |
Real
Estate Consultancy Services and Specialised in Identifying Sites and
Construction of Building for Industrial and Commercial Office Premises, BPOs
and Software Development Centre. |
GENERAL
INFORMATION
|
Clients |
v
Alcatel v
Great
Eastern Developers Limited – Motorola v
LG
Electronics v
Ericsson
v
Empowertel
Networks v
Hewlett
– Packard v
Spectramind
v
Daksh
.Com services v
Jobsahead.com v
IGT
Solutions v
Spectranet
v
GE
Countrywide v
GE
Capital International Services v
IFFCO
– TOKIO v
NIIT
Limited v
EGurucool.com v
Study
Overseas v
Hero
Corporate v
General
Motors v
Safe
Express v
Triburg v
Group
4 Securitas v
Ritspin
Synthetics Limited v
Bausch
& Lomb v
Pepsi v
Galileo
v
Star
Network v
BILT v
Indiabulls
Securities Limited v
Kurl
– on Matress v
Radio
Mirchi v
Ambit
Corporate Finance v
Ford
v
Thysenkurupp
ECE Elevator v
AFL
Limited |
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|
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No. of Employees : |
18 |
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|
|
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Bankers : |
v
Vijaya
Bank v
Indian
Bank |
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Facilities : |
-- |
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Banking Relations : |
Unknown
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
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Owned : |
Rs.
5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
5.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
|
45.000 |
37.500 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
0.608 |
0.375 |
|
Provision
for Taxation |
|
0.180 |
0.094 |
|
Profit/(Loss)
After Tax |
|
0.428 |
0.281 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
0.95 |
0.75 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
1.35 |
1.00 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
8.55 |
5.98 |
LOCAL AGENCY
FURTHER INFORMATION
The subject is mainly providing their services for construction of Factories at minimum 50,000 Sq. ft and above and industrial locations and commercial building for office and BPOs /Software Development Centres. They are mainly providing real estate consultancy services in Metros in India and they are also expanded their business activities at Nagpur, Jaipur and Ahmedabad in India.
Jain Estates Oncor International is a
real estate consultancy organization with extensive resources and ability to
offer personalized professional services in India. Their professionalism is
hallmarked by quality, innovation and effectiveness, while delivered with
enthusiasm and determination. Empowered with the cutting edge knowledge of
trade trends and practices, their deals have inculcated confidence and genuine
satisfaction amongst the real estate buyers.
For the past few years India has emerged as the most favourable destination for
International Corporates and Multi National Companies. Meeting the diversified
need of the Industry, we have arranged Commercial / Industrial & IT Enabled
Accommodations. These are available at strategic locations in Delhi and NCR.
The company holds an impressive track record of completing successful
transactions of over Two Million Sq. Ft (20,00,000 Sq. Ft) area. Varied
Government Organizations, leading Indian Corporates & Top Multinational
Companies have expressed their loyalty and trust in us.
Jain Estate has partnered with Oncor International, a leading name in real
estate arena offering a comprehensive solution of corporate and investor
related services world wide.
The group has developed a unique positioning in the market place, where its
consultancy business is focused on working with the clients by taking a
pro-active approach and adding value.
LIST OF ONCOR'S PARTNERS:
|
Infrastructure
We
possess adequate resources, to deal in sale and purchase of residential,
commercial and industrial properties. We owe their success in this highly
competitive field to their good contacts and a huge network of highly dedicated
professionals who enjoy dealing with people and consulting them. Their expert
professionals have an exhaustive knowledge of the real estate market. We also
help their clients to get financial aids from financial institutions, in case
they need monetary aids.
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 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |