%20PRIVATE%20LIMITED%2020-Jul-2007_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
G4S SECURITY SERVICES ( |
|
|
|
|
Formerly Known As : |
RAJ SECURITAS INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot No. 1 and 2, Local Shopping Centre, C-9, Vasant Kunj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
23.03.1988 |
|
|
|
|
Com. Reg. No.: |
55-31060 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74920DL1988PTC031060 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELG03580D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACG2185M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
To set up and provide complete security systems to banks, individuals,
commercial and Government establishments including shops, departmental
stores, residential houses, commercial buildings and areas. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2310868 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having fine track.
The company is progressing well. Directors are reported as experienced and
respectable businessmen. Trade relations are reported as fair. Business is
active. Payments are usually correct and as per commitments. Fundamental are strong and healthy. The company can be considered normal for business dealings at usual
trade terms and conditions. The company can be regarded as a promising business partner in a
medium to long-run. |
LOCATIONS
|
Registered Office : |
Plot No. 1 and 2, Local Shopping Centre, C-9, Vasant Kunj, |
|
Tel No.: |
91-11-26122101 |
|
Website : |
|
|
|
|
|
Corporate Office : |
Panchwati, 82 – A, Sector 18, Gurgaon 122 016, |
|
Tel. No.: |
91-124-2398888 |
|
Fax No.: |
91-124-2397131 |
|
|
|
|
Branches : |
|
DIRECTORS
|
Name : |
Mr. Arun K. Batra |
|
Designation : |
Director |
|
Address : |
J – 6/3, |
|
Date of Birth/Age : |
07.08.1955 |
|
Date of Appointment : |
11.11.2002 |
|
|
|
|
Name : |
Mr. Harsh Wardhan |
|
Designation : |
Director |
|
Address : |
A – 313, Sarita Vihar, |
|
Date of Birth/Age : |
02.06.1952 |
|
Date of Appointment : |
01.01.2002 |
|
|
|
|
Name : |
Mr. Anujan Parameswaran |
|
Designation : |
Director |
|
Address : |
J – 9/1, |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
13.10.1992 |
|
|
|
|
Name : |
Mr. M. Ramamurty |
|
Designation : |
Director |
|
Address : |
H No. 208, Nirman Apartments, Mayur Vihar , Phase I, |
|
Date of Birth/Age : |
30.12.1953 |
|
Date of Appointment : |
15.03.2004 |
|
|
|
|
Name : |
Mr. Sattaluri Narayana Chary |
|
Designation : |
Director |
|
Address : |
Phase – 5, Tulija Bhawan, Plot No. 46, Sector 16, Navi Mumbai, |
|
Date of Birth/Age : |
07.07.1949 |
|
Date of Appointment : |
14.04.2005 |
|
|
|
|
Name : |
Mr. Tapash Chaudhry |
|
Designation : |
Director |
|
Address : |
C -902, Koyla Vihar, |
|
Date of Birth/Age : |
16.14.1959 |
|
Date of Appointment : |
14.04.2005 |
|
|
|
|
Name : |
Mr. S. S. Mann |
|
Designation : |
Director |
|
Address : |
H No. 248, Sector II A, |
|
Date of Birth/Age : |
21.06.1951 |
|
Date of Appointment : |
14.04.2005 |
|
|
|
|
Name : |
Mr. Victor Josheph |
|
Designation : |
Director |
|
Address : |
107, KEMP Avennu, Pal Laput, |
|
Date of Birth/Age : |
21.06.1947 |
|
Date of Appointment : |
14.04.2005 |
|
|
|
|
Name : |
Mr. Rehana Quereshi |
|
Designation : |
Regional Marketing Director |
|
|
|
|
Name : |
Mr. Suresh Prasad Pandey |
|
Designation : |
Director |
|
Address : |
8380, |
|
|
|
|
Name : |
Mr. Kapil Kumar Mehta |
|
Designation : |
Director |
|
Address : |
C – 678, Vikaspuri, |
|
|
|
|
Name : |
Mr. Rakesh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
118, Dayanand Vihar, |
|
Date of Birth/Age : |
23.04.1960 |
|
Date of Appointment : |
25.09.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Group 4 Falck Investments Limited
|
|
381700 |
|
Group 4 Falck India Private Limited |
|
38300 |
|
Mr. Suresh Prasad Pandey |
|
1 |
|
Mr. Kapil Kumar Mehta |
|
1 |
Equity share breakup (percentage of total equity)
|
S. No. |
Category |
Percentage |
|
1 |
Foreign holdings (foreign institutional investor(s),
Foreign Companie(s), Foreign financial institution(s), non-resedent Indian(s)
or overseas corporate bodies or other |
90.88 |
|
2 |
Bodies corporate (not mentioned above) |
9.12 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To set up and provide complete security systems to banks, individuals,
commercial and Government establishments including shops, departmental
stores, residential houses, commercial buildings and areas. |
GENERAL INFORMATION
|
Bankers : |
ABN Amro Bank, |
|
|
|
|
Banking
Relations : |
Good |
|
|
|
|
Auditors : |
|
|
Name : |
T R Chadha and Company Chartered Accountants |
|
Address : |
B-30, |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity shares |
Rs 10/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
420000 |
Equity shares |
Rs. 10/-
each |
Rs. 4.200
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.200 |
4.200 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
573.517 |
498.102 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
577.717 |
502.302 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
9.533 |
64.357 |
|
|
2] Unsecured Loans |
|
32.768 |
32.683 |
|
|
TOTAL BORROWING |
|
42.301 |
97.040 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
5.653 |
|
|
|
|
|
|
|
|
TOTAL |
|
620.018 |
604.995 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
224.825 |
204.853 |
|
|
Capital work-in-progress |
|
23.553 |
5.394 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
9.485 |
9.386 |
|
|
DEFERREX TAX ASSETS |
|
2.195 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
16.685 |
9.316 |
|
|
Sundry Debtors |
|
895.805 |
602.879 |
|
|
Cash & Bank Balances |
|
149.395 |
275.815 |
|
|
Other Current Assets |
|
16.524 |
9.923 |
|
|
Loans & Advances |
|
100.246 |
80.156 |
|
Total
Current Assets |
|
1178.655 |
978.089 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
677.862 |
520.751 |
|
|
Provisions |
|
140.833 |
71.976 |
|
Total
Current Liabilities |
|
818.695 |
592.727 |
|
|
Net Current Assets |
|
359.960 |
385.362 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
620.018 |
604.995 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover (Estimated) |
|
900.000 |
700.000 |
|
Other Income |
|
0.000 |
0.000 |
|
Total Income |
|
900.000 |
700.000 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.49 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.43 |
1.65 |
LOCAL AGENCY FURTHER INFORMATION
|
Name of the company |
GROUP 4 SECURITAS GUARDING LIMITED |
|
Presented By |
GROUP 4 SECURITAS GUARDING LIMITED |
|
1) Date and description of instrument creating the change |
Hypothecation agreement dated 27.11.2001 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.500 million |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First charge over whole of movable plant and ;machinery equipments, vehicles and all other movable assets, properties, articles and things belonging to the company both present and future including all rights title and interest benefits or accruals arising therefrom said assets |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Fund based facility rate of interest as the bank may specify from time to time |
|
5) Name and Address and description of the person entitled to the charge. |
ABN
Amro Bank, |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
Website Details:
History
Group 4 Securicor in
As the leading professional security organisation, Group 4
Securicor
In addition to its core business of Guarding, Cash Services, Central Monitoring ServicesSecurity, Systems & Products, subject also offers a complementary range of services covering Facility Management, Training, Garment Manufacturing, IT Services and Recruitment & Placement.
Group 4 Securicor is the world's leading provider of Security and related services. The Group's operations extend to over 110 countries, employing more than 470,000 people worldwide with more than 100 years of existence and with its commitment to be "A world of Security Solutions", Group 4 Securicor is the pioneer in providing world class security & related services.
Group 4 Securicor in
Today the Group is proud to have a strong and lasting association with over
8,000 satisfied customers, which includes residencies, multinationals,
diplomatic missions and various industries..
As the leading professional security organisation, subject
Complimenting its core business of Guarding, Cash Services, Central Monitoring
Services, Security Systems & Products, subject
About Us:
As the largest security company in
We are a part of a global company with a local flavour and their network of
branch offices throughout
Subject
Press Releases &
News
14 May 2007
Subject Regional President Receives Prestigious Award
New Delhi, May 5, 2007: Group 4 Securicor Regional President David Hudson today received from His Excellency the Ambassador of Denmark to India Ole Lonsmann Poulsen, the prestigious Danish national award, The Diploma of the Danish Export Association and His Royal Highness Prince Henrik’s Medal of Honour, for his role in promoting Indo-Danish business relations.
A Member of the British Empire (MBE), David Hudson was bestowed with the award
at an elegant ceremony at the Embassy of Denmark in
The Diploma of the Danish Export Association and His Royal Highness Prince
Henrik’s Medal of Honour are conferred in recognition of outstanding and
meritorious efforts in promoting and marketing Danish products and services
abroad. This recognition is awarded to persons and companies domiciled abroad,
including subsidiaries of Danish companies. Nominations are considered by a
jury chaired by His Royal Highness Prince Henrik, the Executive Committee of
the Danish Export Association, and a representative of
An elated
About
Regional President Hudson
With
Group 4
Securicor – Worldwide
Group 4 Securicor Plc is the world's leading provider of security solutions.
Registered in
Group 4
Securicor
Since its inception in
Besides its security services, Group 4 Securicor operates 24 training schools
in
Award
The Diploma of the Danish Export Association and His Royal Highness Prince
Henrik’s Medal of Honour is
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.40.30 |
|
|
1 |
Rs.82.93 |
|
Euro |
1 |
Rs.55.75 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
|