MIRA
INFORM REPORT
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Report Date : |
05.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
DAWNAY
DAY AV INDIA ADVISORS PRIVATE LIMITED |
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Formerly Known As : |
DAWNAY
DAY AV WEALTH SERVICES PRIVATE LIMITED |
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Registered Office : |
B-1,
G-01, Innova, Marathon NextGen, Off G K Marg, Lower Parel (West), Mumbai –
4001013, Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
---- |
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Date of Incorporation : |
05.09.2005 |
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Com. Reg. No.: |
11-155887 |
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CIN No.: [Company
Identification No.] |
U70100MH2005PTC155887 |
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Legal Form : |
Private
Limited Liability Company. |
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Line of Business : |
Subject
is engaged in the business of providing advisory and consultancy services for
wealth management, investments, financial services, securities dealing,
exchange of or otherwise dealing in research and analysis on commercial
basis, to provide operational and support services for the preparation and
maintenance of processing, programming, collecting, storing, processing, and
transmitting information and data of every kind and description system and
analysis and machine problems and for all related business and to supply and
provide, maintain and operate, design and engineering and other consultancy
services applicable over the whole range of government, semi-government,
public and private sector securities, debt and financial instruments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and yet to establish itself. Company’s financials are
awaited. No payment are available. The
company can be considered for small business dealings with slight caution,
initially. |
LOCATIONS
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Registered Office : |
B-1,
G-01, Innova, Marathon NextGen, Off G K Marg, Lower Parel (West), Mumbai –
4001013, Maharashtra, India |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr
Alok Vajpeyi |
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Designation : |
Director |
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Name : |
Mr Guy
Naggar |
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Designation : |
Director |
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Name : |
Mr
Peter Klimt |
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Designation : |
Director |
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Name : |
Mr
Sanjay Lakra |
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Designation : |
Additional
Director |
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Address : |
201,
Kairav GE Link, Ram Mandir road, Goregaon (West), Mumbai – 400104,
Maharashtra, India |
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Date of Birth : |
03.09.1969 |
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Date of Appointment : |
01.06.2006 |
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Directorship in other Companies : |
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Name : |
Mr
Arpit Agarwal |
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Designation : |
Director |
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Address : |
702,
62-B, Plaii Hill Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
04.11.1967 |
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Date of Appointment : |
12.10.2006 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Dawnay
Day AV Financial Services Private Limited |
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9999 |
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Mr
Alok Vajpeyi |
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1 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the business of providing advisory and consultancy services for
wealth management, investments, financial services, securities dealing,
exchange of or otherwise dealing in research and analysis on commercial
basis, to provide operational and support services for the preparation and
maintenance of processing, programming, collecting, storing, processing, and
transmitting information and data of every kind and description system and
analysis and machine problems and for all related business and to supply and
provide, maintain and operate, design and engineering and other consultancy
services applicable over the whole range of government, semi-government,
public and private sector securities, debt and financial instruments. |
GENERAL
INFORMATION
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Auditors : |
Deloitte
Haskins and Sells Chartered
Accountants |
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Address : |
12, Dr
Annie Basent Road, Opposite Shiv Sagar Estate, Mumbai – 400018, Maharashtra,
India |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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1,00,00,000 |
Equity
Shares |
Rs 10/- each |
Rs 100.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10,000 |
Equity
Shares |
Rs 10/- each |
Rs 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Not Available as new company.
LOCAL AGENCY
FURTHER INFORMATION
Nil
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.13 |
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UK Pound |
1 |
Rs.86.40 |
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Euro |
1 |
Rs.56.99 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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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 |
YES |
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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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18 |
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 |
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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/normal. |
Small |
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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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