MIRA INFORM REPORT
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Report Date : |
17.02.2007 |
IDENTIFICATION DETAILS
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Name : |
DYNAMIC ORBITS ADVISORY
PRIVATE LIMITED |
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Formerly Name.: |
BRAJESHWAR INVESTRADE
PRIVATE LIMITED |
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Registered Office : |
3rd Floor, J K
Somani Building, British Hotel Lane, Mumbai – 400023, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
08.08.1996 |
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Com. Reg. No.: |
11-101720 |
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CIN No.: [Company Identification No.] |
U67120MH1996PTC101720 |
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TAN No.: [Tax Deduction & Collection Account No.] |
MUMD11401F |
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PAN No.: [Permanent Account No.] |
AAACB4731G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Dealers
of pearlesecent pigment. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
RATING
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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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appear to be a
small and unknown company in its field. Directors are unknown in its field.
No payments are reported known. The
company can be considered for any business dealings on safe and secured trade
terms and conditions Initialy. |
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LOCATIONS
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Registered Office : |
3rd Floor, J K
Somani Building, British Hotel Lane, Mumbai – 400023, Maharashtra |
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Tel. No.: |
91-22-56377000 |
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Office: |
1G, First Floor, Vandana
Building, 11 Tolstoy Marg, New Delhi – 110001 |
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Tel. No.: |
91-11-43558000
to 8030 |
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Branches : |
912,
Ansal Bhawan, Kasturba Gandhi Marg, New Delhi-110001, India. |
DIRECTORS
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Name : |
Arun
K. Bagaria |
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Designation : |
Director |
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Address : |
1and
2 Rajyog, Kasturba Road, Borivali
(East), Mumbai- 400066 |
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Date of Birth/Age : |
3rd
September 1962 |
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Date of Appointment : |
9th
March 1998 |
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Name : |
Kishanlal
R. Bagaria |
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Designation : |
Director |
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Address : |
1and
2 Rajyog, Kasturba Road, Borivali
(East), Mumbai- 400066 |
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Date of Birth/Age : |
17th
May 1941 |
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Date of Appointment : |
9th
March 1998 |
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Name : |
Ms.
Supriya Rathi |
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Designation : |
Director
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Address : |
502,
Jyoti Darshan Rungta Lane, Napean Sea Road, Mumbai – 400006 |
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Date of Birth/Age : |
17.01.1973 |
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Date of Appointment : |
23.04.2004 |
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Name : |
Mr.
Vikas Rathi |
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Designation : |
Director
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Address : |
Lohiya
Street, Pungalpara, Jodhpur |
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Date of Birth/Age : |
01.10.1979 |
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Date of Appointment : |
23.04.2004 |
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Name : |
Mr.
B L Bajaj |
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Designation : |
Director
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Address : |
B
– 307, Yojana Vihar, Delhi – 110092 |
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Date of Birth/Age : |
15.09.1965 |
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Date of Appointment : |
19.07.2004 |
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Name : |
Mr.
Sunil Sarda |
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Designation : |
Director
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Address : |
C
– 20, 1st Floor, Green Park Extn. New Delhi – 110016 |
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Date of Birth/Age : |
07.11.1967 |
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Date of Appointment : |
19.07.2004 |
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Other Personal |
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Name : |
Kala
Agarwal |
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Designation : |
Company
Secretary |
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Address : |
2/25,
Malad Cooperative Housing Society , Poddar Marg, Malad (East), Mumbai-400097 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
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M/s. Knowledge Age
Technologies Private Limited |
60,000 |
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M/s. Amit Capital &
Securities Private Limited |
12,902 |
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M/s. Predict Investment
& Finance Consultants Private Limited |
62,798 |
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M/s. Asha Leasing &
Finance & Finance Private Limited |
64,300 |
BUSINESS DETAILS
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Line of Business : |
Dealers
of Pearlesecent Pigment |
GENERAL INFORMATION
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Suppliers : |
S.
A. Chemical |
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Customers : |
Ř
N. Bagaria and Company Ř
Soma Textiles and
Industries Limited |
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No. of Employees : |
3 |
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Bankers : |
v
Canara Bank v
Bank of India,
Electric House Branch, Electric House, B.E.S.T. Marg, Colaba, Mumbai - 400039 |
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Facilities : |
-- |
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Banking Relations : |
Unknown
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Auditors : |
Lochan
& Company Chartered
Accountant |
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Address: |
F
– 209/4, Aditya Plaza, Karkardooma Commu., Center, Delhi - 110092 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity
Shares |
Rs.10 each |
Rs. 2.000 Millions |
Issued, Subscribed
& Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity
Shares |
Rs.10 each |
Rs. 2.000 Millions |
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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2.000 |
2.000 |
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2) Share Application Money |
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7.000 |
0.000 |
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3] Reserves & Surplus |
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0.530 |
0.409 |
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NETWORTH
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9.530 |
2.409 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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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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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL
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9.530 |
2.409 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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2.259 |
0.098 |
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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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0.000 |
0.000 |
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Deferred tax assets
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0.009 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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0.201 |
0.000 |
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Sundry Debtors
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5.739 |
0.672 |
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Cash & Bank Balances
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0.985 |
0.327 |
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Others current assets
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0.654 |
0.304 |
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Loans & Advances
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1.179 |
1.283 |
Total Current Assets
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8.758 |
2.586 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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1.107 |
0.218 |
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Provision
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0.391 |
0.062 |
Total Current Liabilities
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1.498 |
0.280 |
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Net Current
Assets
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7.260 |
2.306 |
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MISCELLANEOUS EXPENSES
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0.002 |
0.005 |
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TOTAL
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9.530 |
2.409 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
Debt Equity Ratio
(Total Liability/Networth) |
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0.15 |
0.11 |
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Current Ratio
(Current Asset/Current
Liability) |
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5.84 |
9.23 |
LOCAL AGENCY FURTHER INFORMATION
Subject
is to carry on the business as an investment company and to underwrite,
sub-underwrite to invest in and hold, sell, buy or otherwise deal in or act as
custodian of shares, securities bounds unit, obligations and securities issued
and garneted Indian or Foreign Government, State, dominions, municipalities, or
public authority or bodies.
The
company is not facing any financial problem.
During
the year there is no transaction of foreign exchange earning and outgo.
Activities
Representing Foreign Companies for marketing their Products and services in
India
Representing Foreign Companies
For
vendor development, coordinating all purchasing and sourcing activities in
India.
Representing Indian Companies for promoting their products and services
worldwide
Logistics and C&F activities Stocking, consolidation of orders and
distributing goods as per customer demand
Activities
Repacking and assembling Bringing the goods in bulk and repacking before
delivering to save on transport and packing costs for suppliers.
Supply
of Packing Material Supply of packing material such as Jumbo bags, Paper bags,
Cans, Crown Caps, Cylinders, Labels, carry bags and similar things as per
specifications
Tendering and Institutional sale Participating in tenders/ auctions of Govt.
institutions for Sale/ Purchase of material. Coordinating the entire activities
till the completion of business.
Promoters
B L Bajaj
Significant experience and strong performance track record of market and
business development for Indian and multinational companies.
Developed Indian business for multinationals like Solvay, Engelhard &
several others.
Was Director-Business Development with a USD 5 billion multinational(CIBA
Speciality Chemicals) before starting this venture.
Was CEO of a large international trading company earlier.
Promoters
Anand Rathi Group
Extensive interests in Investment making, international business and corporate
advisory services.
Operations in India, Thailand, Middle East and several other countries.
Activities include top management advisory services to large industrial houses
in India and overseas
Strengths
Promoted by people with rich experience in the field
Business
model based on partnership with vendors and customers
Vendor
development / market development and Partnering capability throughout the
globe.
Strong
focus on Risk (IPR/Financial/quality) Management.
Expertise
in Export/Import documentation and local regulatory requirements.
Strengths
Strong International Network helping in overseas marketing and
distribution.Presence in U.S.A., U.K., Europe, Canada, Thailand, Singapore and
Dubai.
Competent and committed team of technically qualified professionals.
Provide complete range of solutions for the customers on anytime, anywhere
basis.
Company Profile
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Company
Name: |
DYNAMIC
ORBITS ADVISORY PVT LTD |
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Country/Territory: |
India
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Address: |
1G,
1st Floor, Vandana Building, Tolstoy Marg, New Delhi, Delhi, India |
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Products/Services
They Offer: |
export/import
of chemicals and offering services to represent overseass company in india
and also helping overseas companies in sourcing their requirements from
India. |
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Business
Type: |
Trading
Company |
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OEM
Service: |
No
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Geographic
Markets: |
Western
Europe |
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No.
of Employees: |
11
- 50 People |
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Annual
Sales Range (USD): |
Below
US$1 Million |
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Legal
Representative/CEO: |
BL
Bajaj |
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Year
Established: |
1994
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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
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.20 |
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UK
Pound |
1 |
Rs.86.28 |
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Euro |
1 |
Rs.58.22 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP
CAPITAL |
1~10 |
4 |
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OPERATING
SCALE |
1~10 |
2 |
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FINANCIAL
CONDITION |
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--BUSINESS
SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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--CREDIT
LINES |
1~10 |
3 |
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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 |
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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19 |
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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