MIRA
INFORM REPORT
|
Report Date : |
27TH
May, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
PRITHVI ESTATES |
|
|
|
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Registered Office : |
13,
Panchsheel Community Center, Panchsheel Park, New Delhi – 110017 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1995,
September |
|
|
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Legal Form : |
Sole
Proprietory Concern |
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|
|
|
Line of Business : |
Subject
is engaged in Real Estate Consultancy Services |
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 : |
|
|
|
|
|
Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a well – established concern in real estate consultancy. Trade
relations are fair. 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 : |
13,
Panchsheel Community Center, Panchsheel Park, New Delhi – 110017 |
|
Tel. No.: |
91-11-26495454/26494827 |
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Mobile No.: |
91-9810025287/9313125287 |
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Fax No.: |
91-11-26494827 |
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E-Mail : |
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|
Website : |
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Area : |
2000
Sq. ft |
|
Location : |
Owned
(Commercial) |
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|
|
|
Corporate
Office : |
D –
133, Ground Floor, Sushant Arcade, Sushant Lok – I, Gurgaon, Haryana |
|
Tel.
No.: |
91-124-24048287 |
SOLE PROPRIETOR
|
Name : |
Mr.
Jatinder Singh Taneja |
|
Designation : |
Proprietor
|
|
Date of Birth/Age : |
41
Years |
|
Experience |
12
Years |
|
Qualification : |
91-9810025287 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in Real Estate Consultancy Services |
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|
|
|
Terms : |
|
|
Selling : |
100%
Payment after completion of the work |
GENERAL
INFORMATION
|
Customers : |
à Oriflame India Private Limited à Hero Exports à Spanco Telesystems à Parametric Technologies à Nycomed Asia Pacific Pte. Limited à Bharti Telesonic Limited à Tullow Oil à Fiat engineering à Jenson and Nicholson à Reliance Infocomm à Zavient Technologies à Bharti Comtel Limited à Otto-Bock Orthopaedic India Limited à General Motors Overseas Corporation à New Holland Tractors India Private Limited à Trinity Business Process Management. à Datacraft India Limited à Huber + Suhner India Private à Rothenberger India Pvt Limited à FARO Business Technologies India Pvt Limited à De La Rue India Private Limited à Ing Vyasa Insurance |
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|
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No. of Employees : |
9 |
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|
|
|
Bankers : |
à
Oriental
Bank of Commerce, New Friends Colony, New Delhi – 110065 à
ICICI
Bank Limited |
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|
|
|
Facilities : |
-- |
|
|
|
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Banking Relations : |
Satisfactory
|
|
|
|
|
Associates/Subsidiaries : |
à
Jayakumar
Consultants à
Jaagson
Realtors à
Allied
Services |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
1.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
1.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
|
6.000 |
5.000 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
0.375 |
0.309 |
|
Provision
for Taxation |
|
0.000 |
0.000 |
|
Profit/(Loss)
After Tax |
|
0.375 |
0.309 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
6.25 |
6.18 |
|
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|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
6.25 |
6.18 |
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|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
37.50 |
44.14 |
LOCAL AGENCY
FURTHER INFORMATION
The subject is going to increase their working capital and expand their
business activities. They are going to convert in to a Private Limited Company.
M/s. S R Foils Private Limited is likely to hold 35% of Equity Shares and 65%
of Equity Shares to be hold by Mr. J S Taneja
Sales Term
Consultancy Fee – 1% on total value of the Ground/Building + Service Tax
Rental – One monthly rent as services charge + Service Tax
The
Indian infrastructure sector is currently going through a vast transformation.
Even with the third-largest road network of 3 million kilometers crisscrossing
the country, the automobile revolution has meant that the vehicle fleet on
Indian roads has more than doubled from 21.3 million at the beginning of the
1990s to 48.4 million by the end of the decade.
The
government has already embarked upon massive road construction projects, with
the National Highway Development Program building the North-South and East-West
Corridors and the Golden Quadrangle Project connecting major cities. Besides,
the government's decision to throw open the construction of roads, bridges,
airports and ports to the private sector and allowing 100% foreign investment
in real estate projects has provided a boost to the construction industry as
well as generate demand for construction machinery. Housing and infrastructure
projects like roads, bridges and ports are expected to grow about 20% per annum
for the next 15 years.
The
total investment of the road and highway construction projects is estimated at
$40bn over the next 15 years, of which 20% is expected to be in construction
machinery. Simultaneously, the housing and real estate construction business is
expected to involve another $40bn over the next 15 years, of which 5% will be
in construction machinery. Hence, a total demand of $10bn of construction
machinery is anticipated through 2020.
The
present market for construction machinery is estimated at $1312.17mn, of which
about 1% is imported. Both imports and domestic production is expected to grow
at 20% and 30% respectively. The Indian construction machinery industry is
undergoing a rapid transformation by moving from a low volume, intensive use of
equipment structure to high volume, specific use one. The major segments of
construction machinery that are expected to grow are excavators, loaders,
dozers, dumpers and cranes.
The
new and expanding housing and infrastructure construction ventures have
generated substantial demand for construction machinery manufacturing and
servicing, including erection, commissioning and maintenance. Several
multinational firms are already present in the country. While the previous
trend was to forge joint venture associations with Indian companies, more and
more multinational companies are now entering the Indian market on their own
strength.
The
report is a detailed study of the segments of the construction machinery
industry - equipment used for earthmoving, road and building construction and
material handling. It profiles all the major manufacturers and importers of the
estimated $1312.17 industry and discusses the competitive trends and patterns.
As
per website Details:
Prithvi Estates, a corporate relocation
and property consultancy company, formed in September 1995, made an immediate
impact on the property market. The business had ambitions to grow fast and
established its office at Panchsheel Park in South Delhi as an ideal location
to establish a quality presence in the centre of the fastest growing areas of
the capital.
Whether commercial or residential, Prithvi Estates understands the customer’s
requirements and serves with state of the art quality and assurance in every
job. Understanding the details as per existing and future requirements of
individual clients combined with utility aesthetics and comfort have all
contributed towards achieving a level, it is in today.
Company
Profile
Backed
by dedicated professionals like architects, interior designers, legal
consultants etc. at Prithvi Estates, no matter what the assignment is,
it gets dealt with professional approach. During last number of years as a New
Delhi based practicing relocation consultancy company, Prithvi Estates, has had
wide experience in commercial and residential property disciplines and is well
qualified to give advice on most aspects of property.
Prithvi Estates has been actively involved with Individuals / NRI’s since last
couple of years in investment opportunities through upcoming Malls, Commercial
projects and Residential condominiums in Gurgaon and Faridabad. The name is
associated with corporates like DLF, Unitech, Ansals, Omaxe, Vatika, Eros group
and Vipul infrastructure
Prithvi Estates act for Multinational Companies, Embassies, Financial
institutes, Industrial Businesses and private individuals who may be moving to
another country or indeed within a country or just up the road, but who have
all realized that finding a suitable property to rent or to buy is rather more
problematic than they thought. The company also acts for the corporate client
who is looking to ensure that their employees have a stress-free and quick
move, which suits the company, and its employee’s family needs. Prithvi Estates
is known for providing the mental peace, which helps avoiding the anxiety and trauma
every individual goes through at least once in a lifetime while relocating.
Save yourself the time, expense and frustration of never ending wasted journeys
up and down the motorway. You do not have to give the precious weekends/leisure
time viewing large number of unsuitable properties. Having viewed a suitable
property, Prithvi Estates would have seen enough comparables and have
sufficient market knowledge to satisfy themselves that the property is the best
currently available. The friendly estate agent has spent years working as an
estate agent in the area, establishing rapports with all the chartered
surveyors, developers, builders and informed individuals. The advantage? Vital
information about properties prior to them reaching the open market or the
possibility of leasing or purchasing a property never destined to reach the
open market. Prithvi Estates offers a quality service with in-depth market
knowledge both locally and nationally. Leasing or buying a property without
such insight could be costly! Be safe in the knowledge that time has been spent
researching recent comparable sales, any potentially detrimental planning
issues, public transport, schooling and any other necessary issues or services
which are important to you and the investments. You would have an agent acting
for you with the ability to value accurately, saving you money and giving you
total peace of mind. Prithvi Estates takes care of every aspect of the move,
right down to the smaller details like arranging redirection, connection of
services and much much more...
Service
To stay
on cutting edge in today’s world, aggressively changed and competitive
environment, it is essential to utilize one’s precious time in best possible
manner. To devote one’s input to work and be fully aware of all that is taking
place in corporate world- Is exactly what Prithvi Estates is all about.”
A brief picture of the services provided:
- Office, Industrial and warehousing
relocation
- Property search and acquisition
- Legal title search
- Relocation of large area requirements
for BPO/Call Centres
- Planning and execution for
interiors/exteriors
- Business Rates- assessment and appeal
- Bank valuation for loan security
purposes
- Dilapidation, maintenance and repair
- Rent Review and lease renewals
- Residential requirements for
Houses/Farmhouses/Service apartments and flats
- Property search and acquisition
- Title search and legal documentation
- Valuation, Rent Review and Lease
Renewal
- Planning and execution of interiors
- Hiring and maintenance of interiors
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 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.85.82 |
|
Euro |
1 |
Rs.58.62 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
--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 |
|
46 |
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 |