MIRA
INFORM REPORT
|
Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OFFSHORE INFRASTRUCTURES LIMITED |
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Registered Office : |
22, Udyog Kshetra, Mulund Link Road, Mulund, Mumbai, 400080,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
05.09.1995 |
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Com. Reg. No.: |
092409 |
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CIN No.: [Company
Identification No.] |
U45200MH1995PLC092409 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUM003493A |
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PAN No.: [Permanent
Account No.] |
AAACO1012F |
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Legal Form : |
A Closely held Public Limited Liability Company. |
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Line of Business : |
Subject is engaged in the business of ----take from raw data. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 511344 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track.
Trade relations are fair. Financial condition is good. Payments are usually
correct and as per commitments. The Company is doing well. It can be considered good for any normal business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
22, Udyog Kshetra, Mulund Link Road, Mulund, Mumbai, 400080,
Maharashtra, India. |
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Tel. No.: |
91-22-25640416 |
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Fax No.: |
91-22-25693885 |
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E-Mail : |
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Website : |
DIRECTORS
|
Name : |
Mr. Deepak Vasant Palekar |
|
Designation : |
Director |
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Address : |
12, Nav Tushar, Lt. Kotnis Marg, Mahim, Mumbai – 400 016, Maharashtra,
India. |
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Date of Birth/Age : |
12/08/1942 |
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Date of Appointment : |
28.02.1998 |
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|
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Name : |
Mr. Neelesh Purshottam Subnis |
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Designation : |
Director |
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Address : |
F7, Nav Prabhat Society, Sant Janbhai Road, Vile Parle (East), Mumbai
– 400 051, Maharashtra, India |
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Date of Birth/Age : |
28/04/1963 |
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Date of Appointment : |
28.02.1998 |
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Name : |
Mr. Shailesh Ranjit Sachdev |
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Designation : |
Director |
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Address : |
House No. 3, Divya Swapana, C.G. Marg, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
25/07/1967 |
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Date of Appointment : |
05.09.1995 |
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|
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Name : |
Mr. Vishal Ranjit Sachdev |
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Designation : |
Director |
|
Address : |
House No. 3, Divya Swapana, C.G. Marg, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
02/10/1963 |
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Date of Appointment : |
06.09.2005 |
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|
|
|
Name : |
Mr. Mahendra Bahadur Singh Chowan |
|
Designation : |
Director |
|
Address : |
D-116, Lok Aangan, Mulund Colony, Mulund (West), Mumbai – 400 082,
Maharashtra, India. |
|
Date of Birth/Age : |
14/03/1956 |
|
Date of Appointment : |
06.09.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 29.09.2007
|
Names of Shareholders |
No. of Shares |
|
Mr. Vishal Sachdev |
617,000 |
|
Mr. Shailesh Sachdev |
497,000 |
|
Mrs. Dimple Shailesh Sachdev |
305,000 |
|
Payal Shailesh Sachdev |
185,000 |
|
Miss Lata Sachdev |
156,100 |
|
Mr. Vishal Sachdev (HUF) |
100 |
|
Mr. Shailesh Sachdev (HUF) |
100 |
|
Mr. Ranjit Sachdev (HUF) |
340,100 |
|
Total |
2,100,400 |
Equity Share breakup (Percentage of Total Equity)
As on 31.03.2007
|
Sr. No. |
Category |
Percentage |
|
1. |
Directors or relatives of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of ----take from raw data. |
GENERAL
INFORMATION
|
Customers : |
v
ATOMIC / NUCLEAR FACILITIES v
DEFENCE v
POWER PLANT v
PETROLEUM & REFINERIES v
STEEL METALS v
CEMENT INDUSTRIES v
FOOD PROCESSING v
PETROCHEMICAL & POLYMERS v
FERTLIZERS v
PETROLEUM AND CHEMICAL TANK TERMINALS v
CHEMICAL PLANTS v
PHARMACEUTICALS v
INTERMEDIATE / AGRO CHEMICALS / FINE CHEMICALS /
DYE STUFF v
TEXTILES v
FMCG v
NFRASTRUCTURE, PUBLIC UTILITIES AND HOUSING v
MASS HOUSING AND TOWNSHIPS v
CAUSTIC / CHLORINE v
OTHERS |
|
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No. of Employees : |
About 500 |
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Bankers : |
HDFC Bank Limited |
|
|
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400
013, Maharashtra, India. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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|
Name : |
Chandan Parmar and Company, Chartered Accountants |
|
Address : |
Office No. 1, 3rd Floor, Chaman Chambers, Cinema Lane, Near
Metro Cinema, Mumbai – 400020, Maharashtra, India. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 120.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
78,76,500 |
Equity Shares |
Rs. 10/- Each |
Rs. 78.765
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
78.765 |
21.004 |
10.004 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
49.071 |
71.929 |
50.671 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
127.836 |
92.933 |
60.675 |
|
|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
3.579 |
4.579 |
1.615 |
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|
2] Unsecured Loans |
106.136 |
45.506 |
12.268 |
|
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TOTAL BORROWING |
109.715 |
50.085 |
13.883 |
|
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DEFERRED TAX LIABILITIES |
0.107 |
0.351 |
0.954 |
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|
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TOTAL |
237.658 |
143.369 |
75.512 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
21.989 |
15.512 |
9.868 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
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|
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INVESTMENT |
0.038 |
0.038 |
0.038 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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Inventories |
68.071
|
26.055 |
33.982 |
|
|
Sundry Debtors |
238.194
|
121.920 |
52.046 |
|
|
Cash & Bank Balances |
36.942
|
40.073 |
29.319 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
50.761
|
26.842 |
16.378 |
|
Total
Current Assets |
393.968
|
214.890 |
131.725 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
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|
|
|
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Current Liabilities |
175.990
|
82.780 |
66.023 |
|
|
Provisions |
2.347
|
4.291 |
0.096 |
|
Total
Current Liabilities |
178.337
|
87.071 |
66.119 |
|
|
Net Current Assets |
215.631
|
127.819 |
65.606 |
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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|
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TOTAL |
237.658 |
143.369 |
75.512 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
928.547 |
592.655 |
517.684 |
|
|
Other Income |
1.764 |
0.435 |
0.808 |
|
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Total Income |
930.311 |
593.090 |
518.492 |
|
|
|
|
|
|
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Profit/(Loss) Before Tax |
55.219 |
32.845 |
18.734 |
|
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Provision for Taxation |
0.000 |
11.587 |
7.399 |
|
|
Profit/(Loss) After Tax |
55.219 |
21.258 |
11.335 |
|
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Expenditures : |
|
|
|
|
|
|
Consumption of stores and spares parts |
0.000 |
0.000 |
293.926 |
|
|
Salaries, Wages, Bonus, etc. |
135.769 |
77.455 |
68.842 |
|
|
Managerial Remuneration |
1.740 |
1.540 |
5.280 |
|
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Payment to Auditors |
0.281 |
0.276 |
0.138 |
|
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Interest |
9.043 |
1.587 |
1.056 |
|
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Insurance Expenses |
0.543 |
0.698 |
0.337 |
|
|
Power & Fuel |
18.598 |
6.074 |
8.610 |
|
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Depreciation & Amortization |
3.614 |
2.248 |
1.609 |
|
|
Other Expenditure |
747.520 |
462.441 |
113.754 |
|
|
Increase/(Decrease) in Finished Goods |
(42.016) |
7.926 |
6.205 |
|
Total Expenditure |
875.092 |
560.245 |
499.757 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total
Income |
(%) |
5.93
|
3.58 |
2.19 |
|
|
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|
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|
Net Profit Margin (PBT/Sales) |
(%) |
5.95
|
5.54 |
3.62 |
|
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.93
|
5.54 |
3.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.35 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.39
|
0.94 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21
|
2.47 |
1.99 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
|
This form is for |
Modification of Charge |
|
Whether charge is modified in favour of asset reconstruction company (ARC) of assignee |
No |
|
Charge Identification (ID) number of the charge to be modified |
80023067 |
|
Corporation identity number (CIN) or foreign company registrations number of the company |
U45200MH1995PLC092409 |
|
Name of the company |
OFFSHORE INFRASTRUCTURE LIMITED |
|
Address |
22, Udyog Kshetra, Mulund Link Road, Mulund, Mumbai, 400080,
Maharashtra, India. |
|
Type of Charges |
v Immovable Property v Book Debts |
|
Whether consortium finance is involved |
No |
|
Whether joint charge involved |
No |
|
Number of charge holder(s) |
1 |
|
Particular of the charge holder |
Name : Punjab National Bank Address: C A Road, Chembur City : Mumbai State : Maharashtra ISO Country Code : IN Pin Code : 400071 E-mail ID : chawlani@rediffmail.com |
|
Nature or description of the instrument creating or modifying the charge |
Hypothecation of Assets as Collateral Security |
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Date of the instrument creating charge |
01/03/2007 |
|
Whether charge created or modified outside India |
No |
|
Amount Secure by the charge |
Rs. 180.000 millions |
|
Brief particulars of the principal terms and conditions and extent and operation of the charge |
(a) Rate of Interest As per the deed (b) Terms of repayment As per the deed (c) Margin 15% (d) Extent and Operation of the charge As per the deed |
|
Short particulars of the Property charged |
At Registered Office |
|
Whether any of the property or interest therein under reference is not registered in the name of the company |
No |
|
Particulars of the present modification |
Reduction in Margin on LG From 25% to 15%. |
|
Sr no |
Client |
Project |
Values in Rs. Millions |
|
1 |
Delhi Metro Rail Corporation Ltd |
Shifting of Water Pipeline in Lot 2 &
3 of Inderlok Mundra Corridor, Delhi |
30.00 |
|
2 |
Hindustan Petroleum Corporation Ltd |
Composite Works (Mechanical, Electrical
& Instrumentation) for stations at Jaipur for Mundra Delhi Pipeline
Project. |
102.95 |
|
|
|
Composite Works (Mechanical, Electrical
& Instrumentation) for terminals & Stations at Jaipur for Mundra
Delhi Pipeline Project. |
115.60 |
|
|
|
Sea Cooling Water Underground & Pump
House Piping for green fuel & emission control project at Mumbai Refinery |
120.00 |
|
|
|
Supply, Erection, Testing and
Commissioning of Mechanical Equipment & Piping Erection at Bahadurgarh
Terminal for Mundra Delhi Pipeline Project |
137.60 |
|
|
|
Composite Works ( Mechanical, Electrical
& Instrumentation) for Stations at Awa and Ajmer for Mundra Delhi
Pipeline Project |
199.50 |
|
|
|
Offsite Piping connecting Petroleum
Storage tanks at Mumbai Refinery |
110.90 |
|
|
|
Fire Water Network for Green Fuel &
Emission Control Project at Mumbai Refinery |
80.90 |
|
|
|
3 Nos 24” Dia Tanker Discharge Pipeline at
Mundra for Mundra Delhi Pipeline Project |
82.20 |
|
3 |
Delhi Jal Board |
P/L/J 700 mm dia DI Water Line from
proposed recycling plant at Wazirabad to UGR / BPS ( Burari) |
42.19 |
|
4 |
Bhabha Atomic Research Centre |
Nuclear Recycle Group Project at Tarapur
Atomic Power Plant |
90.00 |
|
5 |
Neyveli Lignite Corporation Ltd |
Construction of Township with all
necessary Infrastructure at Bikaner |
198.60 |
|
6 |
Bharat Oman Refineries Ltd |
Construction Water Storage and
Distribution system for Bina Refinery Project |
213.60 |
|
7 |
Indian Oil Corporation Ltd |
Fabrication and Erection of double Deck
Floating Roof and Cone Roof Tank for Petroleum Product, Storage and Fire
Water Storge at Ratlam |
150.70 |
|
8 |
Procter & Gamble |
Auto Operated Fire Hydrant, Sprinkler,
Fire Detection & Alarm System Baddi |
13.70 |
|
9 |
Johnson & Johnson |
Fire Hydrant, Auto Operated Sprinkler,
Fire Detection & Alarm System at Baddi |
12.00 |
|
10 |
Kansai Nerolac Paints Ltd |
Auto Operated Fire Hydrant System Jainpur |
6.50 |
|
11 |
Hindustan Petroleum Corporation Ltd |
3 Nos 24” Dia Tanker Discharge Pipeline at
Mundra |
82.20 |
|
12 |
Hi - Tech Carbon Ltd |
Piping & Equipments for Carbon Black
Phase III Expansion Project Gummidipoondi |
18.00 |
|
13 |
Wockhardt Ltd |
Piping & Equipment for Bulk Drug Plant
Aurangabad |
6.00 |
|
14 |
Military Engineers Service |
Construction of Military Hospital
including Services |
168.49 |
|
15 |
Raj West Power Ltd., Jaipur Rajasthan |
Fabrication and Erection of Structural
Steel Works for 8x135 MW Lignite based Power Plant at Barmer, Rajasthan |
220.00 |
|
16 |
Themis Laboratories Ltd, Ambernath |
Piping and Fire Protection System for
Pharma Plant |
15.50 |
|
17 |
Tata Power (Through L&T) |
Fabrication and Erectionof CW Piping (2650
mm Dia) and allied works at Tata Power Unit 8 Project Site |
168.49 |
|
18 |
National Peroxide Limited |
Erection of Equipment, Fabrication and
Erection of Structural and Piping at Kalyan |
42.50 |
|
19 |
Military Engineers Service |
Provision of Technical Buildings at
Kanasar, Bikaner |
67.29 |
|
20 |
Delhi Jal Board |
Providing, Laying, Jointing & Testing
of Peripheral Water Mains (Sangam Vihar UGR) |
197.99 |
|
21 |
Delhi Jal Board |
Providing, Laying, Jointing &
Commissioning of Feeder Main to Kirti Nagar Ground Reservoir and Pumping
Station |
199.96 |
|
22 |
Delhi Jal Board |
Construction of 27.10 ML Capacity
Underground Reservoir & Booster Pumping Station at Bawana |
150.01 |
|
23 |
Delhi Jal Board |
Construction of 21.40 ML Capacity
Underground Reservoir & Booster Pumping Station at Pitampura |
195.95 |
|
24 |
Jabalpur Municipal Corporation |
Supplying, Laying and Testing of Water
Supply Distribution Network Mains in South Zone Jabalpur |
175.21 |
|
25 |
Jabalpur Municipal Corporation |
Supplying, Laying and Testing of Water
Supply Distribution Network Mains in North Zone Jabalpur |
69.23 |
|
26 |
Jabalpur Municipal Corporation |
Supplying, Laying and Testing of Water
Supply Distribution Network Mains in Ranjhi & Adhartal Areas in Jabalpur |
168.64 |
|
27 |
Utility Energytech & Engineers Pvt.
Ltd |
Fabrication, Erection of structural steel |
168.64 |
BRIEF HISTORY AND FUTURE OVERVIEW
The present day business of Offshore Infrastructures Ltd was originally established as a partnership firm during the year 1984.
The firm started with a meager order in 1984 and within a short span of five
years established it self as a reliable and reputed mechanical construction
agency handling Multi crores projects for reputed and renowned industry majors
in the field of Chemicals/ Petrochemicals / Dyestuff / Pharma and Bulk Drugs
/Metallurgy and Textile Industries.
From 1984 till 1992 Offshore concentrated on undertaking Mechanical Construction contracts involving Equipment Erection and Piping Fabrication & Erection activities for industrial plants all over India. Considering the growing demands of the industry during the industrial boom of 90’s, the firm expanded its activities in 1992 and started undertaking major Civil construction projects. This turned out to be mutually beneficial to the firm and to the serviced industries as substantial orders were placed by clients for Civil and Mechanical contracts clubbed together.
The company evolved during next five years, with manifold growth
in it activities and encompassed almost all the disciplines of Industrial
Construction. In the new millennium instead of being mere Mechanical
contractor, the company came to be known as composite engineering construction
company and became ONE STOP SHOP for the Industry needs of :-
·
Civil & Structural Construction
·
Mechanical Erection & Piping
Fabrication, Erection And Insulation
·
Turnkey Fire Protection Systems
·
Tankages
·
Cross Country Pipeline - Oil & Gas
During the year 1995 Offshore Infrastructures Ltd was formed
and all business activities were shifted to new entity.
From the year 2000 onwards the company expanded further and started undertaking
public utility and Infrastructure projects. Since last six years company is
vigorously involved in Infrastructure works of:-
·
Water Supply and Distribution Projects
·
Gas
Transmission & Distribution Networks
·
Mass Housing Pojects
·
Internationally funded hospital and
supporting infrastructure
·
Rehabilitation, Reconstruction of Earth
Quake damaged infrastructure and facilities.
Today, company’s major involvement is in Infrastructure, Petroleum Refineries, Oil Terminals & Stations, Nuclear facilities, Fertilizers plants, Pharma/Bulk Drug / Chemical Plants of private sector and multinationals. The list of clients include names like IOCL, HPCL, BPCL, GAIL, Mahanagar Gas, Cairn Energy, BARC,GNFC, RCF,BHEL Ranbaxy, Cipla, Colgate, Hindustan Lever, Jhonson & Jhonson, Delhi Jal Board, Karnataka Urban Water Supply, Gujarat Water Supply, Karnataka Housing Board, Karnataka Police Housing Corp., Rajasthan Urban Infrastructure, and many more. They have executed projects under consultants of repute like EIL, Mecon, RITES, FEDO, TOYO, Kvaerner, Powergas, UHDE, Gherzi Eastern and like.
To reach higher plateau of business achievement and service excellence, alongwith expanding areas of activities and client base the company invested substantially in providing training to the manpower and devising and implementing management systems. The company has created trained and dedicated manpower pool as the backbone of the service to the varied public, private, multinational and defence sector clients and earned ISO 9001:2000 accreditation.
Today company can boast of being one of its own kind of medium size engineering construction company providing services for building all types of Composite industrial projects, Nuclear facilities, Petroleum refineries and Terminals, Housing and Infrastructures, Hospitals and Installations of Strategic importance. They are enlisted / registered with various Water boards, Housing boards, Oil PSU’s, Multinationals, FMCG and Pharma giants, Military Engineering services, Bhabha Atomic Research Centre and many more industrial and utility / infrastructure providers and for ADB funded infrastructure projects.
The immediate next goal is to become a major player in
Highways, Airports, Runways and Power plants and become one of the top five
construction companies of the next decade.
REGISTRATION
Engineers India Limited
Hindustan Petroleum Corporation Limited
Bharat Petroleum Corporation Limited
Indian Oil Corporation Limited
IBP Corporation Limited
Bharat Heavy Plates & Vessels Limited
Kochi Refineries Limited
Military Engineer Services
Cidco
Karnataka Urban Water Supply & Drainage
Board
Bangalore Water Supply and Sewerage Board
Hindustan Aeronautics Limited
Indian Farmers Fertilizers Co-Operative
Limited
M.P. Housing Board
Rajasthan Urban Infrastructure Development
Project
Karnataka Housing Board
Urban Water Supply and Environmental
Improvement Project (Mp)
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 :
The 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.
The 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. 39.96 |
|
UK Pound |
1 |
Rs. 78.66 |
|
Euro |
1 |
Rs. 63.31 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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. |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|