MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DINESH ENGINEERS PRIVATE
LIMITED |
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Registered Office : |
O- 2, 2nd Floor, Neighbourhood Shopping Complex, Sector –
4, Nerul [West], Navi Mumbai – 400706, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
07.02.2006 |
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Com. Reg. No.: |
159570 |
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CIN No.: [Company
Identification No.] |
U31200MH2006PTC159570 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD13503A |
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PAN No.: [Permanent
Account No.] |
AACCD3117C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is a
Premier Civil Construction and Telecom Turnkey Project Management Company |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a 2 years old company and has shown satisfactory progress.
Trade relations are fair. Directors are reported as experienced, respectable
and having satisfactory means. No complaints have been heard from market
sources. It would be advisable to take adequate securities while dealing with
the subject. |
INFORMATION PARTED
BY
|
Name : |
Mr. Dinesh Kollaih Kargal |
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Designation : |
Director |
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Contact No.: |
91-9323934500 |
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Date : |
01.12.2008 |
LOCATIONS
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Registered Office : |
O- 2, 2nd Floor, Neighbourhood Shopping Complex, Sector –
4, Nerul [West], Navi Mumbai – 400706, Maharashtra, India |
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Tel. No.: |
91-22-27704600 / 27704700 |
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Mobile No.: |
91-9323934500 |
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Fax No.: |
91-22-27709885 / 27724100 |
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E-Mail : |
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Website : |
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Area : |
500 sq. ft. |
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Location : |
Leased [Rs. 0.030 Million] |
DIRECTORS
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Name : |
Mr. Dinesh Kollaih Kargal |
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Designation : |
Director |
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Address : |
O- 2, 2nd Floor, Neighbourhood Shopping Complex, Plam Beach
Society, Sector – 4, Nerul [West], Navi Mumbai – 400706, Maharashtra, India |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Diploma |
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Experience : |
18 Years |
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Date of Appointment : |
07.02.2006 |
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Name : |
Mrs. Shashikala Dinesh Kargal |
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Designation : |
Director |
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Address : |
O- 2, 2nd Floor, Neighbourhood Shopping Complex, Plam Beach
Society, Sector – 4, Nerul [West], Navi Mumbai – 400706, Maharashtra, India |
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PAN No.: |
AMCPK9644A |
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Date of Birth/Age : |
40 Years |
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Qualification : |
B. Com. |
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Date of Appointment : |
07.02.2006 |
BUSINESS DETAILS
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Line of Business : |
Subject is a
Premier Civil Construction and Telecom Turnkey Project Management Company |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit / Cash |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
26 [In Office : 6 and In Branch : 20] |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Doshi Kamlesh Kumar and Associates Chartered Accountants |
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Address : |
22, Vishnu Niwas, Hari Das Nagar, Borivali [West], Mumbai - 400092 |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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9.836 |
1.383 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
|
9.936 |
1.483 |
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LOAN FUNDS |
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1] Secured Loans |
|
0.000 |
0.000 |
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2] Unsecured Loans |
|
5.135 |
12.726 |
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5.135 |
12.726 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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15.071 |
14.209 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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5.169 |
2.298 |
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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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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000
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Sundry Debtors |
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45.905 |
26.030
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Cash & Bank Balances |
|
11.665 |
1.728
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Other Current Assets |
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1.268 |
0.000
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Loans & Advances |
|
16.190 |
3.482
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Total
Current Assets |
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75.028 |
31.240 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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64.393 |
19.094
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Provisions |
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0.747 |
0.253
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Total
Current Liabilities |
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65.140 |
19.347
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Net Current Assets |
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9.888 |
11.893 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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15.071 |
14.209 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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208.873 |
42.260 |
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Other Income |
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0.312 |
0.266 |
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Total Income |
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209.185 |
42.526 |
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Profit/(Loss) Before Tax |
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12.761 |
1.985 |
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Provision for Taxation |
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4.308 |
0.602 |
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Profit/(Loss) After Tax |
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8.453 |
1.383 |
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Expenditures : |
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Cost of Goods Sold |
|
8.426 |
37.701 |
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Direct Expenses |
|
180.464 |
0.000 |
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Indirect Expenses |
|
6.651 |
2.668 |
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Interest |
|
0.083 |
0.000 |
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Depreciation & Amortization |
|
0.800 |
0.172 |
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Total Expenditure |
|
196.424 |
40.541 |
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KEY RATIOS
|
PARTICULARS |
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31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
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4.04 |
3.25 |
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Net Profit Margin (PBT/Sales) |
(%) |
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6.11 |
4.70 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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15.91 |
5.92 |
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Return on Investment (ROI) (PBT/Networth) |
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1.28 |
1.34 |
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Debt Equity Ratio (Total Liability/Networth) |
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7.07 |
21.63 |
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Current Ratio (Current Asset/Current Liability) |
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1.15 |
1.61 |
LOCAL AGENCY
FURTHER INFORMATION
During the year ended 31st March, 2008 the Company made
profit of Rs. 8.453 Millions after tax. In view of the financial Position, Flow
number of orders to be executed in next financial year as well as prevailing
liquidity position all over the globe, Director think fit to plough back the
profit in business to use the same to buy certain advance machineries and
equipments to reduce the cost of operation and to earn higher profit and reduce
the cost of finance to minimum, in light of the same director regret their
inability to pay any dividend on Equity shares.
DETAILS
OF THE FIXED ASSETS
- Plant and
Machinery [Rs. 2.277 Millions]
- Furniture and
Fixture [Rs. 0.118 Million]
- Other Assets
[Mr. 2.687 Millions]
PERSONAL
ASSETS OF THE DIRECTORS
[Rs. In Millions]
|
Sr. No. |
Name |
Description of
the Assets owned by them |
Purchase Amount
app. [Rs. In Millions] |
Whether offered
as Security |
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1. |
Mr. Dinesh K. K.
|
Jewerly |
0.200 |
No |
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Furniture and Fixture |
0.200 |
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Other |
0.100 |
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Office Shop |
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No |
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|
O- 2, 2nd Floor, Neighbourhood Shopping Complex, Sector –
4, Nerul [West], Navi Mumbai – 400706, Maharashtra |
1.450 |
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Shop No. 1 & 2, Neighbourhood Shopping Complex, Sector – 4, Nerul
[West], Navi Mumbai – 400706, Maharashtra |
2.400 |
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2. |
Mrs. Shashikala
Dinesh K |
Office Shop |
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No |
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Shop No. 9 Sai Paradise, Ground Floor Plot, No. 21, Sector 4, Nerul |
0.800 |
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Jewerly |
0.200 |
No |
OTHER
BUSINESS INTEREST OF THE PROMOTERS
|
Sr. No. |
Name |
Extent of Shares |
Investment |
Status |
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|
1 |
D. A. Enterprises |
100 % |
Rs. 3.586 Millions |
Proprietor |
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2 |
Mahavir Tele Links |
65 % |
Rs. 0.200 Million |
Partner |
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REQUIREMENT
FOR LOAN
[Rs in millions]
|
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|
A] Exiting Limits |
0.000 |
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B] Loan Requirement |
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Term Loan |
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For Machinery |
10.000 |
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C] Bank Overdraft |
10.000 |
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D] Bank Guarantee |
15.000 |
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Total |
35.000 |
ASSESSMENT
OF WORKING CAPITAL REQUIREMENTS
[Rs. In Millions]
|
Sr. No. |
Name of Bank / Financial Institution |
Nature of Facility |
Existing Limits |
Extents to limits utilized in the last 12 months |
Balance O/S as on 31.03.2006 |
Limits now requested |
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Term
Loan |
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Purchase of Machines |
Term Loan |
0.00 |
0.00 |
0.00 |
10.00 |
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Bank Overdraft |
Bank Overdraft |
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|
10.00 |
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Bank Gaurantee |
Bank Gaurantee |
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|
15.00 |
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Grand
Total |
|
0.00 |
0.00 |
0.00 |
35.000 |
REVIEW
OF BANK STATEMENT FOR THE LAST SIX MONTHS
|
Months |
Debit No. 1 |
Credit No. |
|
|
|
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|
April |
4 |
166 |
|
May |
13 |
245 |
|
June |
18 |
346 |
|
July |
5 |
299 |
|
August |
18 |
199 |
|
September |
16 |
230 |
|
October |
12 |
279 |
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Total |
86 |
1764 |
FINANCIAL
ANALYSIS
A. Debtors
Position
[At last month end
31.10.2008 specify amount > 90 days]
|
Party Name |
Amount in Million |
Age wise Days |
|
Bharti Airtel |
93934.100 |
45 |
|
Hutch |
2136494.400 |
60 |
|
Idea |
2459411.300 |
60 |
|
Reliance |
9536.400 |
45 |
|
TTML |
323193.800 |
25 |
|
VSNL |
1015679.500 |
30 |
|
Total
|
6038249.500 |
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B. Creditors
Position
|
Party Name |
Amount in Million |
Age wise Days |
|
Archana Enterprises |
71136.200 |
1 |
|
Madhana Polyplast |
8415.200 |
1.5 |
|
Rex Poluextrusion Limited |
389.000 |
0 |
|
Yash – Arch Engineers |
13761.400 |
1 |
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|
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Total
|
93701.800 |
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C. Drawing Power
|
Name |
Amount |
|
Mr. Dinesh KK |
53,500 |
|
Mrs. Shashikala Dinesh |
33,500 |
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Total |
87,000 |
[Rs. In Millions]
|
Particulars |
For the year ended on 31st March |
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|
2009 [Projection] |
2010 [Projection] |
2011 [Projection] |
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Net Worth |
35.486 |
76.538 |
143.305 |
|
|
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Unsecured loan |
0.00 |
0.00 |
0.00 |
|
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|
|
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Total Turnover |
275.430 |
445.430 |
734.260 |
|
|
|
|
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Profit Before Depreciation and Tax |
41.154 |
64.779 |
103.484 |
|
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|
|
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Depreciation |
2.415 |
2.30 |
0.813 |
|
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|
|
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|
Net Profit [after Tax] |
25.550 |
41.052 |
66.767 |
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|
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Return on Net Worth |
72.00 % |
53.64 % |
46.59 % |
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Stock in Trade |
0.00 |
0.00 |
0.00 |
|
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Sundry debtors |
51.000 |
71.500 |
140.817 |
|
|
|
|
|
|
Sundry Creditors |
25.400 |
9.500 |
5.500 |
FUNDS FLOW STATEMENT
[Rs. In Millions]
|
Particulars |
For the year ended on 31st March |
||
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|
2009 [Projection] |
2010 [Projection] |
2011 [Projection] |
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1 SOURCES
|
|
|
|
|
[a] Net profit [after tax] |
25.550 |
41.052 |
66.767 |
|
[b] Depreciation |
2.415 |
2.350 |
0.813 |
|
[c] Increase in Capital |
0.00 |
0.00 |
0.00 |
|
[d] Increase in term liability [including
public deposits] |
8.884 |
[1.682] |
[1.933] |
|
[e] Decrease in : |
|
|
|
|
[i] Fixed assets |
0.00 |
0.00 |
0.00 |
|
[ii] Other non-current assets |
0.00 |
0.00 |
0.00 |
|
[f] Others |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
TOTAL [item a to f] |
36.848 |
41.720 |
65.647 |
|
|
|
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2
USES |
|
|
|
|
|
|
|
|
|
[a] Net Loss |
0.00 |
0.00 |
0.00 |
|
[b] Decrease in term liabilities [Including public deposits] |
[8.884] |
0.00 |
1.933 |
|
[c] Increase in : |
|
|
|
|
[i] Fixed assets |
11.471 |
[0.095] |
0.853 |
|
[ii] Other non-current assets |
0.00 |
0.00 |
0.00 |
|
[d] Dividend payment |
0.202 |
0.00 |
0.00 |
|
[e] Others |
0.00 |
0.00 |
0.00 |
|
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|
|
|
|
TOTAL [item a to e] |
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|
|
|
|
|
|
|
3 Long term surplus deficit [items 1 minus
item 2] |
2.789 |
[0.095] |
2.786 |
|
|
|
|
|
|
4 Increase / Decrease in current assets |
10.116 |
51.418 |
131.897 |
|
|
|
|
|
|
5 Increase / decrease in current
liabilities other than bank borrowings |
[47.082] |
[11.508] |
[3.096] |
|
|
|
|
|
|
6 Increase / decrease in working capital
gap |
46.967 |
41.426 |
65.676 |
|
|
|
|
|
|
7 Net surplus / deficit |
[12.908] |
[0.610] |
[2.814] |
|
|
|
|
|
|
8 Increase / decrease in Bank borrowings |
25.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INCREASE
/ DECREASE IN NET SALES |
66.557 |
170.000 |
288.830 |
|
|
|
|
|
|
Break up of item 4 |
|
|
|
|
[i] Increase / Decrease in Raw Material |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
[ii] Increase / Decrease in Stock in
Process |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
[iii] Increase / decrease in Finished
Goods |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
[iv] Increase / decrease in receivables |
|
|
|
|
Domestic |
5.095 |
20.500 |
69.317 |
|
Export |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
[v] Increase / Decrease in stores and
spares |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
[vi] Increase / Decrease in other current
assets |
5.021 |
30.918 |
62.580 |
|
|
|
|
|
|
Total of item [i] to [vi] |
10.116 |
51.418 |
131.897 |
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
[Rs. In Millions]
|
Particulars |
For the year ended on 31st March |
||
|
|
2009 [Projection] |
2010 [Projection] |
2011 [Projection] |
|
|
|
|
|
|
1 Total Current Assets |
84.402 |
115.319 |
177.899 |
|
|
|
|
|
|
1 Other Current Liabilities [other than
bank borrowings] |
27.501 |
15.994 |
12.898 |
|
|
|
|
|
|
3 Working Capital Gap |
56.900 |
99.326 |
165.002 |
|
|
|
|
|
|
4 Mini. Stipulated net working capital
i.e. 25 % of WCG or 25 % of total current assets |
21.100 |
28.800 |
44.475 |
|
|
|
|
|
|
Method of lending |
II |
II |
II |
|
|
|
|
|
|
5 Actual / projected net working capital |
31.900 |
74.326 |
140.002 |
|
|
|
|
|
|
6 Item 3 minus item 4 |
35.800 |
70.496 |
120.527 |
|
|
|
|
|
|
7 Item 3 Minus item |
25.000 |
25.000 |
25.000 |
|
|
|
|
|
|
8 Maximum permissible bank Finance [item 6 or 7 whichever is lower] |
25.000 |
25.000 |
25.000 |
|
|
|
|
|
|
9 Excess borrowings representing short
fall in net Working Capital |
[10.800] |
[45.496] |
[95.527] |
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
[Rs. In Millions]
|
Particulars |
For the year ended on 31st March |
||
|
|
2009 [Projection] |
2010 [Projection] |
2011 [Projection] |
|
|
|
|
|
|
A CURRENT ASSETS |
|
|
|
|
1 Raw Materials |
|
|
|
|
[a] Imported |
0.00 |
0.00 |
0.00 |
|
Months Consumption |
|
|
|
|
[b] Indigenous |
0.00 |
0.00 |
0.00 |
|
Months Consumption |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
2 Other consumable spares |
0.00 |
0.00 |
0.00 |
|
Excluding those included 1 above |
|
|
|
|
[a] Imported |
0.00 |
0.00 |
0.00 |
|
Months Consumption |
|
|
|
|
[b] Indigenous |
0.00 |
0.00 |
0.00 |
|
Months Consumption |
|
|
|
|
|
|
|
|
|
3 Stock in process |
0.00 |
0.00 |
0.00 |
|
Months cost of production |
|
|
|
|
|
|
|
|
|
4 Finished goods |
0.00 |
0.00 |
0.00 |
|
Months cost of sales |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
5 Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
51.000 |
71.500 |
140.817 |
|
Months domestic sales |
[22.953] |
[37.119] |
[61.188] |
|
[excluding deferred payment sales] |
|
|
|
|
|
|
|
|
|
6 Export receivables [including bills
purchased and discounted by bankers months export sales] |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
7 Advances to suppliers of raw materials and
stores / spares consumable |
1.200 |
3.500 |
2.500 |
|
|
|
|
|
|
8 Other current Assets including cash and
bank balances and deferred receivable due within one year |
32.202 |
40.319 |
34.582 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
84.402 |
115.319 |
177.899 |
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
10 Creditors for purchases of raw materials
and stores and consumable spares |
|
|
|
|
[a] Imported |
|
|
|
|
Months Consumption |
|
|
|
|
[b] Indigenous |
25.400 |
9.500 |
5.500 |
|
Months Consumption |
[1.018] |
[1.578] |
[2.651] |
|
|
|
|
|
|
11 Advances from customers |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
12 Statutory liabilities |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
13 Other current liability including short
term borrowing dividend payable, installment of DPG public deposit,
debentures etc |
2.101 |
6.494 |
7.398 |
|
|
|
|
|
|
14 TOTAL |
27.501 |
15.994 |
12.898 |
ANALYSIS
OF BALANCE SHEET
[Rs. In Millions]
|
Particulars |
For the year ended on 31st March |
||
|
|
2009 [Projection] |
2010 [Projection] |
2011 [Projection] |
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
01 Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
I] From applicant Banks |
25.000 |
25.000 |
25.000 |
|
II] From other Banks |
0.00 |
0.00 |
0.00 |
|
Sub Total [A] |
25.000 |
25.000 |
25.000 |
|
|
|
|
|
|
02 Short Term Borrowings from others |
0.00 |
0.00 |
0.00 |
|
03 Sundry creditors [Trade] |
25.400 |
9.500 |
5.500 |
|
[Day’s Purchase] |
[75.882] |
[18.310] |
[6.310] |
|
04 Advance payments from customers / Deposits from
dealers |
0.00 |
0.00 |
0.00 |
|
05 Provision for tax [net of Tax paid] |
1.973 |
6.342 |
7.220 |
|
06 Dividend and Dividend Tax payable |
0.00 |
0.00 |
0.00 |
|
07 other statutory liabilities [due within one year] |
0.00 |
0.00 |
0.00 |
|
08 Deposits / Installments of term loans / DPGs /
debentures, etc [due within one year] |
0.00 |
0.00 |
0.00 |
|
09 Other current liabilities and provisions [due within
one year] |
0.128 |
0.152 |
0.178 |
|
|
|
|
|
|
Sub – Total [B] |
27.501 |
15.994 |
12.898 |
|
10 TERM LIABILITIES [Total of 1 to 9] |
52.501 |
40.994 |
37.898 |
|
|
|
|
|
|
11 Debentures [not maturing within one year] |
0.00 |
0.00 |
0.00 |
|
12 Preference Shares [Redeemable after 1 year] |
0.00 |
0.00 |
0.00 |
|
13 Term loans [excluding installments payable within
one year] |
8.884 |
7.202 |
5.270 |
|
14 Deferred Sales Tax / Deferred Loan Deferred Payment
Credit [Excluding installments due within one year] |
0.00 |
0.00 |
0.00 |
|
15 Term deposit [repayable after one year] |
0.00 |
0.00 |
0.00 |
|
16 other Term Liabilities |
0.00 |
0.00 |
0.00 |
|
17 TOTAL TERM LIABILITIES [Total of 11 to 16] |
8.884 |
7.202 |
5.270 |
|
18 TOTAL OUTSIDE LIABILITIES [10 + 17] |
61.385 |
48.196 |
43.168 |
|
|
|
|
|
|
NET WORTH |
|
|
|
|
19 Proprietor’s Capital Account |
0.100 |
0.100 |
0.100 |
|
20 General Reserve |
0.00 |
0.00 |
0.00 |
|
21 Revaluation Reserve |
0.00 |
0.00 |
0.00 |
|
22 Other Reserves [Excluding provisions] |
0.00 |
0.00 |
0.00 |
|
23 Surplus [+] or deficit [-] in Profit and Loss Account |
35.386 |
76.438 |
143.205 |
|
|
|
|
|
|
24 NET WORTH [19+23] |
35.486 |
76.538 |
143.305 |
|
25 TOTAL LIABILITIES [18+24] |
96.871 |
124.733 |
186.472 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
26 Cash and Bank Balance |
4.504 |
5.535 |
2.444 |
|
27 Investments [Other than long term investments]
Government and other Trustee securities |
|
|
|
|
I] Fixed deposit with bank |
1.200 |
1.500 |
2.000 |
|
II] Share with Co-operative Bank |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
28 I] Receivables other than deferred and exports
[Including bills purchased and discounted by banks] |
51.000 |
71.500 |
129.300 |
|
II] Export receivables [Including bills purchased /
discounted by banks] |
0.00 |
0.00 |
0.00 |
|
29 Instalments of Deferred receivables [due within
one year] |
0.00 |
0.00 |
0.00 |
|
30 Inventory |
-- |
-- |
-- |
|
31 Advances to suppliers of materials / spares |
1.200 |
3.500 |
2.500 |
|
32 Advance payment for fixed assets / salaries |
0.350 |
0.600 |
0.800 |
|
33 Other Current Assets [Loans, Advances and Deposits] |
26.148 |
32.684 |
40.855 |
|
34
TOTAL CURRENT ASSETS [Total of 26 to 33] |
84.402 |
115.319 |
177.899 |
|
FIXED ASSETS |
|
|
|
|
35 Gross Block |
17.612 |
17.517 |
18.370 |
|
36. Depreciation to date |
3.430 |
5.684 |
6.497 |
|
|
|
|
|
|
37 NET BLOCK [35-36] |
14.182 |
11.833 |
11.873 |
|
|
|
|
|
|
OTHER NON – CURRENT ASSETS |
|
|
|
|
38 Investments / book / debts / advances / deposits which
are not Current Assts |
0.00 |
0.00 |
0.00 |
|
I] [a] Others Investments in Subsidiary |
0.00 |
0.00 |
0.00 |
|
[b] Others companies / affiliates |
0.00 |
0.00 |
0.00 |
|
II] Advances to suppliers of capital goods and contractors
|
0.00 |
0.00 |
0.00 |
|
III} Deferred receivables [maturity exceeding one year] |
0.00 |
0.00 |
0.00 |
|
IV] Others |
0.00 |
0.00 |
0.00 |
|
39 Non consumables Stores and Spares |
0.00 |
0.00 |
0.00 |
|
40 Other non – current assets including dues from
directors |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
41 TOTAL OTHER NON – CURRENT ASSETS [total of 38 to 40] |
0.00 |
0.00 |
0.00 |
|
42 Intangible assets [Patents, goodwill, prelim, expenses,
bad / doubtful debts Not provided for etc.] |
0.009 |
0.004 |
0.000 |
|
|
|
|
|
|
43 TOTAL ASSETS [Total of 34, 37, 41 and 42] |
98.593 |
127.156 |
189.772 |
|
44 TANGIBLE NET WORTH [24-22] |
35.477 |
76.534 |
143.305 |
|
45 NET WORKING CAPITAL
[34-10] |
31.900 |
74.326 |
140.002 |
|
|
|
|
|
|
46 Current Ratio [Items 34/10] |
1.61 |
2.81 |
4.69 |
|
|
|
|
|
|
47 Total Outside Liabilities / Tangible Net Worth [18/44] |
1.73 |
0.63 |
0.30 |
FIXED
ASSETS
- Plant and
Machinery
- Computer
Equipments
- Furniture and
Fixtures
- Motor cars
TOTAL
INTEREST EXPENSES
[Rs. In Millions]
|
|
TERM LOAN |
OVERDRAFT |
BANK GUARANTEE |
TOTAL INTEREST AND B. G. CHARGES |
|
Year |
Amount |
Amount |
Amount |
|
|
|
|
|
|
|
|
2009 |
0.999 |
0.700 |
0.750 |
2.449 |
|
|
|
|
|
|
|
2010 |
1.138 |
0.700 |
0.750 |
2.588 |
|
|
|
|
|
|
|
2011 |
0.887 |
0.700 |
0.750 |
2.337 |
|
|
|
|
|
|
|
2012 |
0.599 |
0.700 |
0.750 |
2.049 |
|
|
|
|
|
|
|
2013 |
0.267 |
0.700 |
0.750 |
1.717 |
|
|
|
|
|
|
|
2014 |
0.009 |
0.700 |
0.750 |
1.459 |
|
|
|
|
|
|
|
|
3.900 |
4.200 |
4.500 |
12.600 |
TERM
LOAN REPAYMENT AND INTEREST
[Rs. In Millions]
|
YEAR |
Opening balance |
Addition in the
year |
Repayment in the
year |
Closing balance |
Installment
payable in next year |
Interest @ 14 % |
|
|
|
|
|
|
|
|
|
2007 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
2008 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
2009 |
0.00 |
10.00 |
1.116 |
8.884 |
2.820 |
0.999 |
|
|
|
|
|
|
|
|
|
2010 |
8.884 |
0.00 |
1.682 |
7.202 |
1.459 |
1.138 |
|
|
|
|
|
|
|
|
|
2011 |
7.202 |
0.00 |
1.933 |
5.270 |
1.459 |
0.887 |
|
|
|
|
|
|
|
|
|
2012 |
5.270 |
0.00 |
2.221 |
3.049 |
0.249 |
0.599 |
|
|
|
|
|
|
|
|
|
2013 |
3.049 |
0.00 |
2.553 |
0.496 |
0.000 |
0.267 |
|
|
|
|
|
|
|
|
|
2014 |
0.496 |
0.00 |
0.696 |
[0.200] |
0.00 |
0.009 |
|
|
|
|
|
|
|
|
|
|
|
|
10.200 |
|
|
3.900 |
DEBT
SERVICE COVERAGE RATIO [DSCR]
[Rs. In Millions]
|
Particulars |
For the year ended on 31st March |
||
|
|
2009 [Projection] |
2010 [Projection] |
2011 [Projection] |
|
|
|
|
|
|
I] Net Profit |
25.550 |
41.052 |
66.767 |
|
II] Depreciation |
2.415 |
2.350 |
0.813 |
|
III] Total Interest |
2.449 |
2.588 |
2.337 |
|
|
|
|
|
|
[A] Total [I + II + III] |
30.413 |
45.990 |
69.917 |
|
|
|
|
|
|
I] Interest payable on Term Loan |
2.449 |
2.588 |
2.337 |
|
II] Principal repayment on Term Loan |
1.116 |
1.682 |
1.933 |
|
|
|
|
|
|
[B] Total [I + II] |
3.565 |
4.27 |
4.270 |
|
|
|
|
|
|
DSCR [A/B] |
0.853 |
1.077 |
1.637 |
|
|
|
|
|
|
Average DSCR |
1.189 |
||
D. A.
ENTERPRISES
PROP
– SHASHIKALA DINESH KARGAL
Capital
Account
[Rs. In Millions]
|
Particulars
|
Amount |
Particulars
|
Amount |
|
To Drawings |
0.089 |
By Balance B/Fd |
2.101 |
|
To T.D.S. |
0.040 |
Bank Interest |
0.000 |
|
To T.D.S. – Salary |
0.020 |
CIDCI Refund |
0.005 |
|
To LIC Premium |
0.109 |
Dinesh Associates Partnership Firm Capital
Return |
1.295 |
|
To Sai Paradise Co-op Housing Society |
0.015 |
Salary From DEPL |
0.294 |
|
|
|
Net Profit |
0.164 |
|
Balance C/FD |
3.586 |
|
|
|
Total
|
3.859 |
Total
|
3.859 |
ABRIDGED BALANCE
SHEET
[Rs.
In Millions]
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] D A Enterprises Capital A/C |
3.586 |
2.101 |
1.970 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.586 |
2.101 |
1.970 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.026 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.026 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.586 |
2.127 |
1.970 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.863 |
0.863 |
0.116 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.068 |
0.050 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.418 |
|
|
Sundry Debtors |
3.510
|
0.000 |
0.066 |
|
|
Cash & Bank Balances |
2.007
|
0.105 |
0.163 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.501
|
3.496 |
1.370 |
|
Total
Current Assets |
8.018
|
3.601 |
2.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
2.121
|
0.384 |
0.143 |
|
|
Provisions |
3.242
|
2.003 |
0.020 |
|
Total
Current Liabilities |
5.363
|
2.387 |
0.163 |
|
|
Net Current Assets |
2.655 |
1.214 |
1.854 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.586 |
2.127 |
1.970 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
|
|
|
|
|
Contract Receipts |
3.160 |
3.153 |
1.486 |
|
|
Other Income |
1.985 |
0.140 |
1.202 |
|
|
Total Income |
5.145 |
3.293 |
2.688 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
0.165 |
0.123 |
0.234 |
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
0.165 |
0.123 |
0.234 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Labour Charges Paid |
3.272 |
2.287 |
|
|
|
Bank Charges |
0.004 |
0.001 |
|
|
|
Professional Charges |
0.038 |
0.015 |
2.454 |
|
|
Salary |
0.052 |
0.225 |
|
|
|
Depreciation & Amortization |
0.000 |
0.000 |
|
|
|
Other Expenditure |
1.614 |
0.642 |
|
|
Total Expenditure |
4.980 |
3.170 |
2.454 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
3.21
|
3.74 |
8.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.22
|
3.90 |
15.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.86
|
2.76 |
10.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.06 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.50
|
1.15 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.51 |
12.37 |
DINESH
ASSOCIATES
PROP
- DINESH K. K.
Capital
Account
[Rs. In Millions]
|
Particulars
|
Amount |
Particulars
|
Amount |
|
To LIC Premium |
0.574 |
By Balance B/Fd |
17.389 |
|
To Children Fees |
0.108 |
Capital Introduce |
0.121 |
|
To Donation U/S 80G |
0.005 |
Directors Remuneration |
0.240 |
|
To Drawings |
0.556 |
|
|
|
To T.D.S. A.Y. 2007-2008 |
1.395 |
|
|
|
To T.D.S. A.Y. 2005-2007 |
2.366 |
|
|
|
|
|
|
|
|
To Balance B/Fd. |
12.746 |
|
|
|
|
|
|
|
|
Total
|
17.750 |
Total
|
17.750 |
ABRIDGED BALANCE
SHEET
[Rs.
In Millions]
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.746 |
14.434 |
10.021 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
12.746 |
14.434 |
10.021 |
||
|
LOAN FUNDS |
|
|
|
|
|
1] Bank O/D |
9.634 |
5.333 |
5.464 |
|
|
2] Unsecured Loans |
8.173 |
6.202 |
1.971 |
|
|
TOTAL BORROWING |
17.807 |
11.535 |
7.435 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.553 |
25.969 |
17.456 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.963 |
4.194 |
1.830 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.062 |
0.108 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
1.286 |
1.016 |
|
|
Sundry Debtors |
14.186
|
18.350 |
14.836 |
|
|
Cash & Bank Balances |
0.257
|
0.830 |
1.747 |
|
|
Deposits |
15.964
|
16.961 |
5.211 |
|
|
Loans & Advances |
16.201
|
8.552 |
5.430 |
|
Total
Current Assets |
46.608
|
45.979 |
28.240 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
19.046
|
23.002 |
11.517 |
|
|
Provisions |
1.034
|
1.310 |
1.097 |
|
Total
Current Liabilities |
20.080
|
24.312 |
12.614 |
|
|
Net Current Assets |
26.528 |
21.667 |
15.626 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.553 |
25.969 |
17.456 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
64.679 |
116.937 |
61.754 |
|
|
Other Income |
0.073 |
NA |
5.644 |
|
|
Total Income |
64.752 |
NA |
67.398 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
2.954 |
0.687 |
3.337 |
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
2.954 |
0.687 |
3.337 |
|
|
Total Imports |
|
|
|
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Labour Charges and Contractor |
45.633 |
NA |
45.158 |
|
|
Traveling Conveyance |
0.363 |
NA |
0.991 |
|
|
Audit Fees |
0.100 |
NA |
0.044 |
|
|
Financial Charges |
1.215 |
0.562 |
0.352 |
|
|
Insurance Expenses |
0.017 |
NA |
0.085 |
|
|
Office Expenses |
0.121 |
NA |
0.118 |
|
|
Depreciation & Amortization |
0.299 |
0.396 |
0.389 |
|
|
Other Expenditure |
14.050 |
NA |
17.313 |
|
Total Expenditure |
61.798 |
NA |
64.061 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
4.56
|
NA |
4.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.57
|
0.59 |
5.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.84
|
1.37 |
11.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.05 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.97
|
2.48 |
2.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32
|
1.89 |
2.24 |
AS
PER WEBSITE
PROFILE
Subject is one
of the Premier Civil Construction and Telecom Turkey Project Management
Company, which stands at par with other national giants. It is a well experienced,
Technically sound, Very Professional, Innovative, Highly motivated, Taking
Challenges, Quality conscious, Ever Learning, customer orientation and Always
striving to be the best, which has enabled subject to what it is today. A
strong customer-focused approach and the constant quest for highest quality
have enabled the Company to attain and sustain the growth for over a decade.
Activities
Subject Undertake
various projects on turnkey basis, involving civil works, supply of plant
hardware and its erection in addition to the normal services package. The
single point responsibility for managing project schedules, costs and quality
vests on the turnkey contractor and it relieves the project promoters of the
usual hurdles of co-ordination with various groups like consultants, vendors,
contractors etc. The company has remarkable Project Management resources for
Designing and Establishing External as well as Internal plants, Civil Design
& Construction, Road construction, BTS installation, Tower foundation and
erections, Cable blowing/pulling, HDD, Inter-exchange cabling including Optical
Fibre Cabling, Splicing, Termination and end-to-end link Testing, etc.
Major Projects on Hand / Under Execution
1. Turnkey Broadband/Wireline network
rollout for Reliance Infocomm in Maharashtra, Punjab and Uttar Pradesh.
2. Civil, Erection, Electrical and BTS
installation works for Reliance Infocomm in Mumbai.
3. Liaisoning, Trenching, Optical Fibre
Cable laying, splicing, termination and end to end testing for VSNL in
Maharashtra, Goa, Uttar Pradesh, Punjab, Rajasthan, Gujrat, Karnataka, Himachal
Pradesh, Haryana, Madhya Pradesh and New Delhi.
4. 250Km Optical Fibre Cable laying,
splicing, termination and end-to-end testing in Karnataka (Davengere to
Dharwad) for Hutch.
5. Civil, Electrical and Cabling works for
Tatasky in Mumbai – 350 buildings.
6. Trenching, Optical Fibre Cable
laying/blowing, splicing, termination, end to end testing, Copper Cable laying
and jointing for Bharti Televentures Limited in Maharashtra and Punjab.
7. Civil, Erection and Electrical works
for TTML in Maharashtra.
8. Trenching, Optical Fibre Cable laying,
splicing, termination, end-to-end testing, Copper Cable laying and jointing for
TTML in Maharashtra.
9. NLD
Fibre Regeneration Site Constructions - Survey, Site Acquisition, Permissions,
Civil & Electrical works for VSNL at Edlabad & Devas.
10. Trenching, Optical Fibre Cable
laying/blowing, splicing, termination, end to end testing, Copper Cable laying
and jointing for Bharti Televentures Limited in Kolkata.
SERVICES
Engineering
Subject is a team of professional engineers, surveyors, CAD
drafters/designers, and technical support personnel are able to facilitate design
services for a variety of projects. Subject engineers routinely perform civil,
structural, electrical, and mechanical design services associated with
buildings and telecommunications infrastructure. They operate their company and
projects ensuring that final design plans conform to customer requirements,
comply with federal, state, and local regulatory codes, meet accepted industry
standards, and conform to sound engineering practices. The following are their
engineering department capabilities:
- Civil - Structure
- Electrical
- Mechanical
- Telecommunications Infrastructure
- Surveying
- Computer Aided Drafting and Design (CADD)
Subject provides turnkey solutions in all activities of
Outside Plant Works. Their services start right from design through construction
and commissioning of networks. Dinesh Engineers Pvt. Ltd. has wide experience
in implementing major OSP (Trenching and Ducting), Backbone (OFC) and Access
Network (Copper Cable) projects. DEPL has undertaken OFC projects, totaling
more than 1500 kms, and Access Network (Copper Cable) Projects approximately
2500 km route for various operators in India.
OSP
WORK:
- Survey and Design of the route.
- Preparation of BoQ
- RoW permissions
- Trenching, ducting and backfilling
- Horizontal Directional Drilling
- Aerial cabling
- Supply of Materials
- Cable blowing / pulling
- Duct integrity test
- OFC splicing, termination and end-to-end link testing.
- Copper cable jointing and termination
- Fixing of D.P. & MDF
- Equipment installation and testing
- Safety Measures
- Preparation of As-Built drawings
Infrastructure
Work:
- Site Survey
- Tower Foundation
- Tower Erection
- Shelters Installation
- Tower Painting: as per Aviation Rules.
- Electrical Works:
- Clearances/Permissions:
- Acceptance tests
- Earthing:
- BTS Installation
- Aviation Lamps Installation
Subject provides total solution for the right-of-way,
traffic and local, state authority permits and other associated permitting for
the project. They have significant and developed professional contacts with
municipal, state regulators to ensure timely review and processing permits.
Additional subject services include site acquisition, which
range from easements, long-term lease agreements, and special use permits. They
are experienced in dealing with private landowners and government agencies.
- Civil work like construction of underground water tank, Sewerage
Works. Water Pipeline laying and building works.
- Construction of Pump House, Railway Platform etc.
- Construction of Road.
They begin everyday with "Safety First." Safety
awareness results in increased efficiency, while contributing to a high-quality
product at reduced pricing.
Project Management
Subject project managers (PMs) are trained in all facets of the
work and subject project management fundamentals before they are assigned to
any project. PMs must first exhibit superior technical expertise and knowledge
of the work before they are selected to join the ranks of approved project
managers. PM training includes instructions on safety, quality procedures. PM
responsibilities include budget tracking, schedule development, and
documentation procedures - all in the effort to ensure customer satisfaction
and ensure that all contractual requirements are met with the highest standards
and by the most cost-effective means possible.
Subject project managers are also knowledgeable of
customer-mandated standards, and requirements. They recognize the importance of
the customer's proprietary method of procedures (MOPs), design standards,
chain-of-command, and security.
Subject project managers are supported by a well-trained
administrative and technical support staff, which provides resources to get the
job done, on budget and on schedule.
Subject project managers can rely on the extensive
experience of subject to develop acceptable solutions to all problems
encountered, and will conduct themselves as professionals in all dealings with
customers and other professionals on the project.
Subject project managers can manage subject personnel,
subject subcontractors or customer-selected vendors, and can eliminate the need
for third party, redundant management firms. Their project managers average
more than ten years of field experience and knows how a successful project starts
and ends.
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.50.52 |
|
UK Pound |
1 |
Rs.75.08 |
|
Euro |
1 |
Rs.63.72 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
45 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
|