MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
PLANNERS INDIA ARCHITECT PRIVATE LIMITED |
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Registered Office : |
E – 165, Underground Floor, Greater Kailash Part, 24 Encalve Shirag, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
06.03.1997 |
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Com. Reg. No.: |
55 - 85635 |
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CIN No.: [Company
Identification No.] |
U74210DL1997PTC085635 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELP05150F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in Architectural
Consultancy and Interior Designing and Works on Turnkey (Design & Build)
basis. |
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 : |
USD 11512 |
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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 and reputed architect and interior designers.
Directors are experienced and respectable businessmen. Trade relations are
fair. Business is active. Payments are usually correct and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
E – 165, Underground Floor, Greater Kailash Part, 24 Encalve Shirag, |
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Tel. No.: |
91-11-26213141 / 26221200 / 26465656 |
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Fax No.: |
91-11-26449797 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Praveen Saini |
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Designation : |
Director |
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Address : |
B 24, Chirag Enclave, Greater Kailash, Part I, New |
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Date of Birth/Age : |
19.02.1964 |
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Date of Appointment : |
06.03.1992 |
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Name : |
Mr. Pankaj Saini |
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Designation : |
Director |
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Address : |
B 24, Chirag Enclave, Greater Kailash, Part I, New |
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Date of Birth/Age : |
18.10.1967 |
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Date of Appointment : |
06.03.1992 |
KEY EXECUTIVES
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Name : |
Mahesh Gupta and Company |
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Designation : |
Company Secretary |
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Address : |
Wadhwa Complex, Chamber No. 202, D-288-289/10, Laxmi Nagar, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Praveen Saini |
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90250 |
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Mr. Pankaj Saini |
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90250 |
Equity share breakup (percentage of total equity)
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S. No. |
Category |
Percentage |
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1 |
Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Architectural
Consultancy and Interior Designing & Works on Turnkey (Design &
Build) basis. |
GENERAL INFORMATION
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Customers : |
Ø Allen Bradley Ø British Standards International Ø Baxter Ø Blair Ø Canon Ø Care Ø Colby Ø Group 4 Falck Ø Horizon Broadcast Ø Hutchison Max, Hyosung Ø HFCL Ø International Federation Of Red Cross & Red Crescent Societies Ø New Video Ø Schenker Ø TDT Copper Ø Yuken Ø Verint Ø Ø ZTE Ø Schlumberger Ø UNDP Ø Air Ø Aadharshilla Ø BHEL Ø EPCH Ø GAIL Ø HPCL Ø HPC Ø ICAI Ø Ircon Ø NBCC Ø NIDC Ø NTPC Hydro Ø Neyveli Lignite Ø PSCADBL Ø Railtel Ø Syndicate Bank Ø TRAI Ø Twelveth Finance Commission Ø Up Sadan Ø Union Bank Ø United Ø ICMR Ø
NSFDC |
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Bankers : |
Canara Bank, Hauz Khas, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Anup Gupta and Associates Chartered Accountants |
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Address : |
3641 / 39, |
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Associates/Subsidiaries : |
Ø
Ø
Jaipur Ø
Mumbai Ø
Ø
Ø
Ø
Kolkata |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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190000 |
Equity shares |
Rs. 10/- each |
Rs. 1.900 |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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180500 |
Equity shares |
Rs. 10/-
each |
Rs. 1.805 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.805 |
1.805 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.073 |
0.604 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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2.878 |
2.409 |
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LOAN FUNDS |
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1] Secured Loans |
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0.922 |
1.716 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.922 |
1.716 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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3.800 |
4.125 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.092 |
2.416 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.123 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.109 |
0.056 |
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Cash & Bank Balances |
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3.039 |
1.358 |
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Other Current Assets |
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0.482 |
0.309 |
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Loans & Advances |
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0.013 |
0.231 |
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Total
Current Assets |
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3.643 |
1.954 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.802 |
0.076 |
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Provisions |
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0.257 |
0.172 |
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Total
Current Liabilities |
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2.059 |
0.248 |
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Net Current Assets |
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1.584 |
1.706 |
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MISCELLANEOUS EXPENSES |
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0.001 |
0.003 |
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TOTAL |
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3.800 |
4.125 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover |
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21.725 |
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Total Income |
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21.725 |
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Profit/(Loss) Before Tax |
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0.740 |
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Provision for Taxation |
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0.257 |
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Profit/(Loss) After Tax |
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0.483 |
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Expenditures : |
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Financial Charges |
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0.022 |
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Depreciation |
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0.404 |
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Other Expenditure |
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20.133 |
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Total Expenditure |
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20.559 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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2.22 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.40 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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12.90 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.25 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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1.03 |
0.81 |
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Current Ratio (Current Asset/Current Liability) |
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1.76 |
7.87 |
LOCAL AGENCY FURTHER INFORMATION
As Per Website
Details:
Subject is an Architectural & Interior Designers Company that has gained a reputation
for its excellence in providing a package of services ranging from Concept to Execution.
Since the inception of the Group in 1992, they have executed several
prestigious projects serving a highly discriminating clientele to their full
satisfaction for both: Architectural
Consultancy and Interior Designing & Works on Turnkey (Design & Build)
basis.
The group constitutes of talented and young Architects, Interior
Designers and Engineers having adequate Infrastructure, Expertise and
Experience to execute large and prestigious Projects of any nature by ensuring
the maximum possible professionalism with its main objective to extend
extensive and complete professional services to all their valued customers
which is very well evident from the client's list.
Every activity of the Group is manned by qualified professionals with
latest software and technologies resulting in exploring best possible designs
and execution of projects to the optimum satisfaction of their clients with a
very high sense of quality, time and cost consciousness.
Their approach to the various designs of the projects starts with the
careful and precise evaluation and understanding the needs and requirement of
their client and providing them with the best alternatives keeping in mind
space utilisation, functionality, time frame and cost in line with their preset
provisions.
They also provide their services as design consultants with various
activities like calm and healthy relations of client & contractor,
preparing design concepts, working drawings, various specifications, proper
supervision and completion period for satisfactory and on time completion of
the project.
The Group has a total support of their external Consultants in all the
fields who have also gained high experience and name in their respective
fields.
They also have a team of skilled and experienced contractors for
execution of Interior Works on Turnkey basis for all their projects alongwith a
facility of manufacturing customer made and Modular Furniture Items with the
latest machinery.
They are Registered / Empanelled with various Organisations for various
Interior Designing and Architectural Jobs on turnkey and consultancy basis.
Past Experience of Principal Architect
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Past Experience of Pankaj Saini, Principal
Architect of their Company before the incorporation of this Company:
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HSIDC Commercial Cum Office Complex; Gurgaon
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HSIDC Group Housing Scheme; Gurgaon
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Unicorp Industries Limited; Gurgaon
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National Co-Operative Union of
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Usha Martin Limited, Usha Group; Gurgaon
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Indian Railways Welfare Organisation (IRWO);
Gurgaon
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Punjabi Bagh Community Centre;
Empanelment with Other Indian Organisations
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Air India Limited;
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Bharat Coaking Coal Limited; Dhanbad
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Bharat Heavy Electricals Limited (BHEL);
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Central Coalfield Limited;
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Coal India Limited;
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Container Corporation of India Limited;
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Eastern Coalfield Limited;
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Export Credit Guarantee Corp. of India Limited;
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Government of Uttaranchal, Department of Tourism,
Culture, Sports, Youth Welfare and Information; Dehradun
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Hindustan Petroleum Corporation Limited;
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Hindustan Paper Corporation Limited;
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IBP Co. Limited;
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Indian Airlines Limited;
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Ircon International Limited;
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Mahanadi Coalfield Limited; Orissa
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National Building Construction Corporation Limited;
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Northern Coalfield Limited; Madya Pradesh
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Power Finance Corporation Limited;
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South Eastern Coalfield Limited; Bilaspur
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Syndicate Bank;
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Syndicate Bank;
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The
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The National Industrial Development Corporation
Limited;
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The
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The Uttar Pradesh Export Corporation Limited;
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Telecommunication Consultants India Ltd.,
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Union Bank of
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Western Coalfields Limited;
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Airports Authority of
Foreign Collaboration / Working Arrangement
US based Architectural Consultants - M/s RNL
International, USA (RNL), having their main Office in
RNL provide professional services in Planning, Architecture, Engineering,
Interior Design and Landscape architecture. Their expertise includes large-scale
planning Projects (urban re-development, transportation-oriented development
projects (TODs), large-scale land planning, new-town development, mixed-use
development, and recreation and resort-oriented planning projects); retail
commercial projects, commercial office projects, residential projects, hotel
and hospitality projects, institutional and civic projects, industrial
projects, transportation projects, marina-oriented projects,
entertainment-oriented projects, and resort projects. They also provide engineering
services on these Projects as well as Interior Design and Landscape
Architecture.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Indian Rupees |
|
US Dollar |
1 |
Rs. 41.57 |
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1 |
Rs. 82.14 |
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Euro |
1 |
Rs. 55.74 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--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 |
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 |
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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 |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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