MIRA
INFORM REPORT
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Report Date : |
07.03.2007 |
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
pearlescent 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 appears
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
Initially. |
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 : |
03.09.1962 |
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Date of
Appointment : |
09.03.1998 |
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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 : |
17.05.1941 |
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Date of
Appointment : |
09.03.1998 |
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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 |
KEY EXECUTIVES
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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
/ SHAREHOLDING PATTERN
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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
Pearlescent 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 :
|
No. of Shares |
Type |
Value |
Amount |
|
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 |
|
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
v
Promoted by
people with rich experience in the field
v
Business model
based on partnership with vendors and customers
v
Vendor
development / market development and Partnering capability throughout the
globe.
v
Strong focus
on Risk (IPR/Financial/quality) Management.
v
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
|
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 |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.44 |
|
UK Pound |
1 |
Rs.85.89 |
|
Euro |
1 |
Rs.58.54 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
|
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 |
|
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
|
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 |
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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 |
|
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 |
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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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