MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
UTROSU ENGINEERS |
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Registered Office : |
23/3 Saraswathi Nagar Colony, Trimulgherry Post, Secunderabad – 500
015, Andhra Pradesh |
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Country : |
India |
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Date of Incorporation : |
March 2008 |
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Legal Form : |
Partnership concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Engineering and Project Management |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Correct style of the organization is UTROSU ENGINEERS and not UTROSU ENGINEERS
LIMITED. The company is not incorporated in India and not suppose to carry out
word ‘Limited’ with the name. Thus, it is not a corporate legal entity. It would be prudent to deal with the company on fully safe and secured
trade terms and conditions, only. |
LOCATIONS
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Registered Office / Regional
Office: |
23/3 Saraswathi Nagar Colony, Trimulgherry Post, Secunderabad – 500
015, Andhra Pradesh, India |
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Tel. No.: |
91-40-27115186 |
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Mobile No.: |
91-9440407991 |
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Fax No.: |
91-40-27115186 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Head Office : |
389, 18A, Paradise Court, Pridi Soi 19, Sukumvit Soi 7, Phrakhanong,
Bangkok – 10110, Thailand |
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Tel. No.: |
+ 66-81-935-8650 |
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Fax No.: |
+ 66- 02-391-3122 |
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Corporate Office :- |
37-18/122, Plot No. 122 Defense Colony Sainik Puri, Secunderabad – 500
094, Andhra Pradesh, India |
PARTNERS
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Name : |
Mr. Y Srinivas Rao |
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Designation : |
Partner |
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Date of Birth/Age : |
50 years |
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Qualification : |
Post Graduate |
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Experience : |
25 years |
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Name : |
Mr. Raj Kishan |
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Designation : |
Partner |
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Date of Birth/Age : |
42 years |
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Qualification : |
Civil Engineer |
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Experience : |
20 years |
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Name : |
Mr. Hanumant Rao |
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Designation : |
Partner |
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Date of Birth/Age : |
60 years |
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Qualification : |
Post Graduate |
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Experience : |
35 years |
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Name : |
Mr. Narendra Kumar |
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Designation : |
Partner |
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Date of Birth/Age : |
49 years |
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Qualification : |
Post Graduate |
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Experience : |
35 years |
BUSINESS DETAILS
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Line of Business : |
Engineering and Project Management |
GENERAL
INFORMATION
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No. of Employees : |
4 |
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Bankers : |
HDFC Bank Address: Secunderabad |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Nil |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Concern
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
· Andhra Pradesh Electricity Board, Secunderabad
· NR Relays, China
· Trans Electric, Austria
· Metropolitan Electrical Authority, Bangkok, Thailand
·
VA Tech TNR, SA, France.
WEBSITE DETAILS:
The concern has the capability to provide turnkey project services for
substations up to 500 kV. The concern's engineering team has extensive
experience in design, engineering, and application of fiber optic technology
and wireless communication technology and project management.
All projects, whether performed for Utility or external customer, are
produced to the same high standards.
They have value added components to external projects because they also
operate the system after it is installed, and they know what works effectively
over the life of the project.
Their services include System Analysis, Project Management, Engineering,
Materials Procurement, Construction Management, and Project Commissioning and
Contract Closeout. The concern is able to offer total turnkey substation
project services, or any portions of the total package.
Their team has the background and experience needed to supply the project
development needs and make economical, practical recommendations. Conceptual
layouts, one-lines, relay functional diagrams, and accurate cost estimates
provide the information necessary for sound project planning decisions. Substation
design packages are created using state-of-the-art computer software
applications.
Their teams of engineers and designers produce construction drawings,
specifications, and bills of materials while considering every aspect of the project,
including legal and environmental issues, in a form suitable for installation
by independent contractors. They also offer entire Power Systems Engineering
studies performed in IEC/BS/ANSI/IEEE compliance.
Advantages of working with
UTROSU
·
Experienced project teams
·
Electrical and civil engineering expertise
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Procurement and Construction Specifications
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Power Transformer Design Review and Factory
Production Inspections
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Site Plan Design and Structural Analysis
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Electrical Design and Grounding Analysis
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Computer software applications for design
optimization
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Microstation or Autocad Design Drawing Format
Available
·
Various Site, Structural and Electrical Design
Tools
The concern is a dedicated services provider in the
field of Project Management, Design and
Engineering, Supervision of Installation, Supervision of Testing and
Commissioning related to turnkey Transmission and Distribution projects in the field of High Voltage Substations up
to and including 230kV.
They are a strong
team of Graduate Engineers having more than 50 Man Years of Experience in
Engineering and Project Management in the field of HV Substations and
Substation Automation. Their highly skilled personnel are flexible,
competitive, focused and motivated with a rich experience in T and D market
segment delivering not just a
satisfactory experience in terms of services, but an actual delight.
Increasingly, in
the recent past there has been a trend that , many successful companies are
looking to various options including out sourcing few critical functions in
order to delight the customers with better service, lower costs or even a
better efficiency, as well as to help gauge the success of their own concern’s
performances.
Keeping this at
the very core of their philosophy, the concern has packaged all their
strengths to be more proactive, responsive and customer focused with a clear
mission to partner with the customer, to get involved with them, into their
requirements / problems and help finding an optimum solution .
They bring in the
new philosophy and a different work culture with a
clear vision that they “Create Value” than just
provide “Service” or “Solution” to their customers.
They propose to
provide their Services in the field of Project
Management, Design and Engineering, supervision of Installation, Supervision of Testing and Commissioning related to Turnkey High Voltage Substations projects at a
very competitive and economic price levels.
They have
excellence in fulfilling the promises / commitments that they make and they
take pride in it. They honor all their commitments and provide timely
information and services that match the customer’s expectations.
Their concern
also provides qualified, skilled, experienced and highly motivated Man Power
for Engineering and Design,
Project Management, Site Management, Testing and Commissioning etc,.
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.39.94 |
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UK Pound |
1 |
Rs.78.81 |
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Euro |
1 |
Rs.63.05 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
1 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
1 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
--- |
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--LIQUIDITY |
1~10 |
--- |
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--LEVERAGE |
1~10 |
--- |
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--RESERVES |
1~10 |
--- |
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--CREDIT LINES |
1~10 |
--- |
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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 |
NO |
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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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4 |
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. |
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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