MIRA
INFORM REPORT
|
Report Date : |
24.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
DB OPERATIONS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Peninsula Corporate |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
20.12.2005 |
|
|
|
|
Com. Reg. No.: |
11-158278 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72900MH2005PTC158278 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD13365C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Providing Financial Solutions. |
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 : |
USD 400 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
The company is a wholly owned subsidiary of Deutsche Bank. Available information indicates high financial responsibility of the company.
Trade relations are fair. Payments should be correct and as per commitments. Subject can be considered good for any normal business dealings due to
the exposure of Deutsche Bank. |
LOCATIONS
|
Registered Office : |
Peninsula Corporate Parknicholas Piramal Tower, Ganpatrao Kadam Marg,
Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-55063085 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
|
DIRECTORS
|
Name : |
Mr. Arindam Banerrji |
|
Designation : |
Director |
|
Address : |
No. 703/4, 7th Floor, B Block, Salarpura Splendour, |
|
Date of Birth/Age : |
14.11.1964 |
|
Date of Appointment : |
29.09.2006 |
|
Other Directorship : |
Deutsche Network Services Private Limited U74999MH2003PTC139685 Global Markets Centre Private Limited U74140MH2006PTC162548 |
|
|
|
|
Name : |
Mr. Gunit Chadha |
|
Designation : |
Director |
|
Address : |
181A, |
|
Date of Birth/Age : |
31.07.1961 |
|
Date of Appointment : |
03.03.2006 |
|
|
|
|
Name : |
Mr. Narayanan Venkatraman Iyer |
|
Designation : |
Director |
|
Address : |
B-2/2, Gautam Arcade Chs, |
|
Date of Birth/Age : |
18.02.1971 |
|
Date of Appointment : |
22.12.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Equity Share
Breakup |
|
|
|
Category |
|
Percentage of
Holding |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Directors or relatives of directors |
|
0.01 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Financial Solutions. |
GENERAL INFORMATION
|
Bankers : |
Deutsche Bank |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
KPMG House, Kamala Mills Compound, 448, Lower Parel, Mumbai – 400013, |
|
|
|
|
Associates/Subsidiaries : |
Deutsche Network Services Private Limited U74999MH2003PTC139685 Global Markets Centre Private Limited U74140MH2006PTC162548 |
CAPITAL STRUCTURE
As on 30.09.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 165.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 165.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
240.552 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
240.552 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
240.652 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.199 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.000 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
249.679 |
|
Total
Current Assets |
|
|
249.679 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
13.038 |
|
|
Provisions |
|
|
0.188 |
|
Total
Current Liabilities |
|
|
13.226 |
|
|
Net Current Assets |
|
|
236.453 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
240.652 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
|
31.03.2006 |
|
Sales Turnover ( including other income ) |
|
|
42.129 |
|
Total Income |
|
|
42.129 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
|
0.129 |
|
Provision for Taxation |
|
|
0.000 |
|
Profit/(Loss) After Tax |
|
|
0.129 |
|
Expenditure: |
|
|
|
|
Interest |
|
|
4.040 |
|
Depreciation |
|
|
0.180 |
|
Total |
|
|
42.000 |
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2006 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
2537.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
18.88 |
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
PRESS RELEASES
Private & Business Banking
World-class banking services for individual needs as well as
for demanding business requirements.
Private & Business Banking (PBB) provides a full suite of high quality
banking products and services - from daily banking, insurance & investments
to credit cards and loans - for private and business customers. A team of
experienced experts leverage the bank’s global expertise and our local
experience to empower you for a sound financial future. Based on db financial
planning, a disciplined and structured advisory approach, our experts enable
you to optimize your finances in a 360° manner considering your current
requirements as well as your future goals Contact us and leverage the
excellence of one of the leading global banks.
Private &
Business Banking
Private Wealth Management (PWM) caters to the specific needs of high net-worth clients, their families and selected institutions worldwide. PWM provides an integrated offering of financial solutions, including estate planning and advice on foundations and philanthropic activities.
Private Wealth
Management
Asset Management (AM) serves institutional clients
and private investors. As a global provider, it offers tailored products in
equities, bonds and real estate advisory services. In the retail fund business,
Deutsche Bank has a leading position in Europe and is market leader in
Deutsche Asset Management
DWS Investments
Corporate and
Investment Bank
First class solutions for corporate and institutional clients from one of
the leading investment banks.
Global Markets (GM) is one of the world's leading sales and trading
franchises. It specializes in origination, sales, trading and research in cash equities,
convertibles, foreign exchange, money markets, commodities, debt instruments,
derivatives, securitizations, structured products, program trading and prime
brokerage.
Global Markets
Global Banking (GB) delivers all aspects of corporate finance, advice to corporates on M&A, divestments, asset finance and leasing, and commercial real estate, as well as providing support with IPOs and capital market transactions. GB also includes the Global Transaction Banking business comprising Cash Management, Trade Finance and Trust & Securities Services. Global Banking
Alan Greeenspan to consult for Deutsche Bank Corporate and Investment Bank
Deutsche Bank today announced its retention of Dr. Alan Greenspan, former chairman of the Federal Reserve Board, as a Senior Advisor to provide ongoing advice and insight to Deutsche Bank's investment banking team and its clients by sharing his perspective and opinions on a range of issues affecting markets.
Dr. Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, said: "We at Deutsche Bank are delighted to be able to offer our investment banking clients access to Alan Greenspan's strategic insight. Dr. Greenspan's position as one of the architects of the modern financial system gives him a unique perspective from which to help our clients make critical risk management decisions."
Dr. Alan Greenspan said: "Deutsche Bank has a world-leading investment banking franchise and is a major player in wholesale financial markets. I look forward to adding my perspectives on the world economy to its own and to helping the Bank advise its clients."
For further information, please call:
Deutsche Bank Media Relations
Ted Meyer
+1 212-250-7253
Ronald Weichert
+49 69-910-38664
Williams & Connolly LLP
Robert Barnett
+1 202-434-5034
About
Deutsche Bank
Deutsche Bank <NYSE: DB> is a leading global
investment bank with a strong and profitable private clients franchise. A
leader in
Deutsche Bank Securities Inc., member NYSE, NASD and SIPC,
is the investment banking and securities arm of Deutsche Bank AG in the
Deutsche Bank
publishes guide to investing in alternatives assets for pensions
August 7, 2007
Deutsche Bank has published a
guide for global pension plan trustees on the role alternative investments and
structured investing can play in pension fund portfolios.
The hard copy book, An Introduction to Alternative Assets & Structured
Investments, includes contributions from Deutsche Bank’s structuring, trading
and research platforms. The guide focuses on which alternative assets the bank
deems to be the largest, most liquid, and hence most relevant, for the global
pensions investment industry and makes suggestions as to what features of
alternative investments are likely to be relevant to pension scheme trustees
and their advisors.
The guide is the first in an annual series and includes chapters on hedge
funds, private equity, real estate, FX, commodities, infrastructure, emerging
markets, structured equity and structured credit.
Standard & Poor's upgrades Deutsche
Bank's rating
Frankfurt am
Standard & Poor's Ratings Services raised today the long-term counterparty credit rating of Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) and various core operating entities to 'AA' from 'AA-'. The outlook is stable.
Standard & Poor's commented that the upgrade would reflect major and sustained improvements in Deutsche Bank's operating performance across all business lines and in its credit and market risk profile. These structural improvements would leave Deutsche Bank well-positioned to withstand a more challenging environment of increased volatility and market uncertainty.
The upgrade is the third positive rating action during the
last three months. In May, Moody's Investors Service upgraded Deutsche Bank's
long-term rating from 'Aa3' to 'Aa1' and Fitch Ratings raised the outlook of
the banks 'AA-' long-term rating from 'stable' to 'positive' in July.
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 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.40.56 |
|
|
1 |
Rs.82.03 |
|
Euro |
1 |
Rs.55.55 |
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. |
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 |
|