MIRA
INFORM REPORT
|
Report Date : |
23.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
COLDWELL
BANKER COMMERCIAL GOODWILL CONSULTANCY |
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Registered Office : |
515,
Arun Chembers, Tardeo-400034, Mumbai, Maharashtra |
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Country : |
India |
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Financials (as on) : |
Nil |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Real
Estate Broking Firm in Mumbai |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Management
of the concern remained non-cooperative during current investigation. However
it is learnt that subject is a franchisee of Coldwell Bankers International,
U.S.A., one of the world’s largest property consulting firm. Nothing
adverse reported. Trade
relations are fair Subject
can be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
515,
Arun Chembers, Tardeo-400034, Mumbai, Maharashtra |
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Tel. No.: |
91-22-4627090/
4627091 |
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Mobile No.: |
91-22-9820332992 |
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Fax No.: |
91-22-4947828 |
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E-Mail : |
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Branches
: |
105,
Arun Chambers, Tardeo, Mumbai-400034, Maharashtra, India |
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Tel.
No.: |
91-22-4627090/
4627091 |
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Mobile
No.: |
91-9820332992 |
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Fax
No.: |
91-22-4947828 |
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E-Mail
: |
SOLE PROPRIETOR
|
Name : |
Mr.
Suketu Mody |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Real
Estate Broking Firm in Mumbai |
GENERAL
INFORMATION
|
Customers : |
Ø
Hutchson
Max Telecom Private Limited Ø
Bank
of Bahrain & Kuwait Ø
DCW
Limited Ø
Polychem
Limited Ø
Monsanto
Chemicals, U.S.A. Ø
Apeego
Limited Ø
Polygram
Limited Ø
Arthur
Anderson Company Ø
Tata
Consulting Engineers Ø
GESCO Ø
OCBC
Bank, Singapore Ø
Hughes
Tele.com Limited Ø
Mr.
Chandru Raheja- K. Raheja Construction Ø
Jindal
Iron and Steel Ø
DSP
Merilynch Ø
Cravetex
Limited Ø
Stanrose
Limited Ø
Tata
InfoTech Limited Ø
C.C.
Chokshi and company Ø
SM
Dyechem Ø
DNA
Singapore |
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|
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No. of Employees : |
4 |
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|
|
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Bankers : |
State
Bank of India Mumbai |
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Banking Relations : |
-- |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Not
Available |
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Borrowed : |
Not
Available |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2006 |
|
Sales Turnover |
|
|
NA |
LOCAL AGENCY
FURTHER INFORMATION
Subject
is a Franchisee of Coldwell Bankers International.
Trade
References – Local
Ø
Hutchson
Max Telecom Private Limited
Ø
Bank
of Bahrain & Kuwait
Ø
DCW
Limited
Ø
Monsanto
Chemicals, U.S.A.
Ø
Arthur
Anderson Company
Ø
Tata
Consulting Engineers
Ø
Tata
InfoTech Limited
Ø
DNA
Singapore
They are
Colwell Banker, one of the world’s largest Property Consulting Firm. The
Company was set up in America in early 1990’s, and quickly gained in eminence
worldwide. Today, Coldwell Banker has a strong global presence, with more than
3700 offices and 120000 Sales Associates around the world, spread across the
continents of America, Europe, Africa, Asia and one in India too. At Coldwell
Banker, they pride ourselves on our long-standing association with the real
estate industry, an association that almost a century now.
Corporate
Philosophy
At
Colwell Banker, they are committed to making property purchase experience as
simple as possible. They offer a wealth of services and resources, making the
real estate process less complicated, more satisfying and secure. Their record
sales of 10.8 millions houses and 3 millions commercial properties in 2003
alone are indication of the kind of trust and confidence that they inspire.
At
Colwell Banker, they understand their needs precisely, which is why they
continue to offer their services even after the property transaction is over.
Prior to deal they take care of all the legal issues, which includes checking
the authenticity of the seller’s title deeds, disputes if any, as well as the
dependability of promises made to assist the sale. Post sales, they are ensure
that societies are formed as guaranteed, infrastructure corrected if required
and promises made earlier are honoured. They also assist in the legalities
pertaining to the transfer of property for the sale, gift, lease or any other
reason.
Their
Services:
Advisory
Services
They
assist developers, landlords, investors and occupiers in getting the best from
their property, be it commercial, residential or land, as in investments and in
effective places in which to live and work. Their primary focus being on
providing comprehensive information on Indian property markets, consultancy and
valuation services.
Agency
Services:
Commercial
The
Commercial Agency team provides a comprehensive range of services to
prospective tenants seeking the most appropriate cost-effective commercial
premises. It also assists and advices landlords and property owners on issue of
pricing, seeking creditworthy tenants and structuring of transactions. The
range of services includes:
Location
selection, Sourcing of properties, comparative financial analysis, Sourcing of
tenants, Project /property marketing, market study, structuring of transaction,
negotiations and documentation. Their professional advice on commercial real
estate matters is backed with strong support of their in-house database, as
well as in-depth market research and relationships with market players.
Residential
The
Residential Department has successfully concluded more then 300 high value
transactions of purchases, sales and lettings. Services are provided to owners
of apartments and bungalows as well as to prospective buyers and occupants. The
Residential Department has a large database of available properties in the city
of Mumbai alone. They also assist
clients with preliminary title checks, draft MOUs and other basic legal
documentation.
Retail
They are
single, focussed unit capable of delivering a complete package of retail
services be it for large department stores, retail banking operators, airline
front offices, mall developers and brands. Within the broad range of skills and
services there are a series of well-developed specialisms.
Investment
Services
They
provide comprehensive information regarding property investment services.
For
Investors, their services includes Financial evaluation, Study of market and
property trends, Dealing with issues concerning property taxes, lock-in
periods, Identifying suitable investment properties, Pre-inspections,
Negotiations, Commercial terms/MOU, Preliminary credit assessment of tenants,
preliminary lease deeds check etc.
For
Owners/ Developers they provide services of Evaluating and structuring of
investment proposals, Sourcing of Investors, Negotiations, Legal documentation.
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.44.75 |
|
UK
Pound |
1 |
Rs.85.14 |
|
Euro |
1 |
Rs.57.55 |
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 |
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--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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