MIRA
INFORM REPORT
|
Report Date : |
21.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
INDUSTRIAL
DEVELOPMENT SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
M-1,
Kanchanjunga, 18, Barakhamba Road, New Delhi – 110 001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2007 |
|
|
|
|
Date of
Incorporation : |
13.03.1968 |
|
|
|
|
Com. Reg. No.: |
55-4856 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1968PTC004856 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELI04403A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACI0175R |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of
Business : |
Providing services
like Project Identification, Market Surveys/Demand Studies,
Feasibility/Project Reports, Project Appraisal, Rehabilitation Packages and
Policy Studies. |
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 |
|
Maximum Credit
Limit : |
USD 53000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well
established and reputed company having satisfactory track. Directors are
reported as experienced and respectable businessmen. Trade relations are fair.
Payments are usually correct and as per commitments. The company can
be considered good for normal business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered
Office : |
M-1, Kanchanjunga,
18, Barakhamba Road, New Delhi – 110 001, INDIA |
|
Tel. No.: |
91-11-23313469 /
23312287 / 23314714 / 23722543 |
|
Fax No.: |
91-11-23738227 /
23316470 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Rented -- 2,200 sq.fts. |
|
Location : |
Commercial |
DIRECTORS
|
Name : |
Mr. Brij Lal Dhar |
|
|
Designation : |
Chairman |
|
|
Address : |
Apartment A-4, 9-Raj Narain Road, Civil Lines, Delhi-110054, India |
|
|
Date of Birth
: |
01.10.1928 |
|
|
Date of
Appointment : |
01.04.2002 |
|
|
|
|
|
|
Name : |
Mr. Ram Kumar
Gupta |
|
|
Designation : |
Managing Director |
|
|
Address : |
House No.4377/4-B, Ansari Road, Darya Ganj, New Delhi-110002, India |
|
|
Date of Birth
: |
20.05.1948 |
|
|
Date of
Appointment : |
01.07.1999 |
|
|
|
|
|
|
Name : |
Mr. Lakshmi Chand
Jain |
|
|
Designation : |
Director |
|
|
Address : |
D-5, Tharangavana, Raj Mahal Vilas Extension, 12th Cross
Road, Bangalore-560080, Karnataka, India |
|
|
Date of Birth
: |
13.12.1925 |
|
|
Date of Appointment
: |
15.12.1998 |
|
|
|
|
|
|
Name : |
Dr. Inder Bhushan
Gulati |
|
|
Designation : |
Director |
|
|
Address : |
L-28/5, DLF Qutab Enclave, Phase II, Gurgaon-1220002, Haryana, India |
|
|
Date of Birth
: |
10.12.1925 |
|
|
Date of
Appointment : |
01.07.2000 |
|
|
|
|
|
|
Name : |
Mr. Dharam Paul
Gupta |
|
|
Designation : |
Director |
|
|
Address : |
BA/11-F, DDA Flats, Munirka, New Delhi-110067 |
|
|
Date of Birth
: |
02.08.1944 |
|
|
Date of
Appointment : |
01.04.2000 |
|
|
|
|
|
|
Name |
Mr. R. K. Gupta |
|
|
Designation |
Managing Director
(w.e.f. 01.07.1999) |
|
|
Address |
4377/4B, Ansari
Road, Daryaganj, Delhi – 110 002 |
|
|
Year of Birth |
1948 |
|
|
Date of
Joining |
01.09.2001 |
|
|
Qualification |
B. Technical |
|
|
Experience |
26 Years |
|
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names
of Shareholders |
No. of Shares |
|
Lakshmi Chand
Jain |
31 |
|
Gokul Laroia |
5628 |
|
R. Prasad Mororka |
1148 |
|
Madhu Krishna |
1680 |
|
Usha Narain |
364 |
|
Brij Lal Dhar |
50 |
|
Devaki Jain |
140 |
|
Neena Laroia |
868 |
|
Gopal Krishna
Jain |
7108 |
|
Gautam R Morarka |
1148 |
|
Srinivasan Jain |
1485 |
|
Ram Kumar Gupta |
75 |
|
Dharam Kumar
Gupta |
75 |
|
Chand Prakash
Jain |
75 |
|
Vandana Sachdeva |
75 |
|
Rekha Misra |
75 |
|
Rajeev Koul |
75 |
|
Monica Koley |
75 |
|
John Oommen V |
75 |
|
Thanukuttan S. |
75 |
|
Veena Kapoor |
75 |
|
Sher Singh
Nainwal |
75 |
|
S. Babu Prakash |
75 |
|
Uma Naidu |
75 |
|
Vinod Kumar |
75 |
|
Pan Singh Bishat |
75 |
|
Prem Singh Patwal |
75 |
|
Netra Singh Negi |
75 |
|
Shambhavi Patil |
75 |
|
Total |
21000 |
|
|
|
|
Equity Share
Breakup |
Percentage of
Holding |
|
Category |
|
|
Directors or relatives of directors |
42.70 |
|
Other top fifty shareholders |
57.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of
Business : |
Providing
services like Project Identification, Market Surveys/Demand Studies,
Feasibility/Project Reports, Project Appraisal, Rehabilitation Packages and
Policy Studies. |
|
|
|
|
Products : |
Market Research
and Management Consultants |
|
|
|
|
Terms : |
|
|
Selling : |
Contract basis |
|
|
|
|
Purchasing : |
Cash and Credit
(30 days) |
GENERAL
INFORMATION
|
Customers : |
CHEMICALS / PETROCHEMICALS Petrochemicals
Bharat Petroleum Corporation
Limited (BPCL) Elastomers Consindia Raymond Synthetics Limited Inorganic Chemicals
Duncan Agro Industries Limited
National Aluminium Company
Limited Synthethic Fibres/Paper & Pulp
JK Synthetics Limited Ballarpur Industries Limited Polymers
Bongaigaon Refinery &
Petrochemicals Limited NOCIL Limited Fertilizers
Cooperative Limited Shriram Fertilizers &
Chemicals Petroleum Refining & Products
Energy Institute Madras Refineries
Limited METALS/ENGINEERING
INDUSTRY Metals
(Ferrous & Non-Ferrous) Alloy Steel Plant, Durgapur Southern Iron & Steel
Company Limited (SISCOL) |
|
|
|
|
No. of
Employees : |
25 |
|
|
|
|
Bankers : |
v Syndicate Bank, 19, Barakhamba Road, New
Delhi – 110 001 v State Bank of India, 28, Kasturba Gandhi
Marg, New Delhi – 110 001 v Axis Bank Limited, 148, Barakhamba Road,
New Delhi v
ICICI
Limited, 163, Backbay Reclamation, Mumbai-400020 |
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors : |
G. Basu and
Company Chartered
Accountants |
|
Address : |
2, Jeevan Tara Building,
Parliament Street, Post Box No. 573, New Delhi – 110 001 |
|
Tel. No.: |
91-11-23361715/26494230 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.100 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 |
2.100 |
2.100 |
2.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.045 |
7.086 |
5.373 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
13.145 |
9.186 |
7.473 |
|
|
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.228 |
1.635 |
0.680 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
0.228 |
1.635 |
0.680 |
|
|
Deferred Tax Liability |
0.003 |
0.023 |
0.045 |
|
|
|
|
|
|
|
TOTAL
|
13.376 |
10.844 |
8.198 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.120 |
1.377 |
1.351 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENTS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.768 |
1.147 |
0.413 |
|
|
Cash & Bank Balances |
10.726 |
8.198 |
4.679 |
|
|
Other Current Asset |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
7.320 |
5.447 |
5.626 |
|
Total Current Assets |
18.814 |
14.792 |
10.718 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
1.057 |
1.283 |
1.086 |
|
|
Provisions |
5.501 |
4.042 |
2.785 |
|
Total Current Liabilities |
6.558 |
5.325 |
3.871 |
|
|
Net Current Assets |
12.256 |
9.467 |
6.847 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
13.376 |
10.844 |
8.198 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Total Income |
|
13.605 |
8.560 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
1.953 |
0.821 |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
1.953 |
0.821 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Payment to Auditors |
|
0.034 |
0.033 |
|
|
Interest |
|
0.030 |
0.008 |
|
|
Insurance Expenses |
|
0.006 |
0.006 |
|
|
Depreciation & Amortization |
|
0.292 |
0.224 |
|
|
Other Expenditure |
|
8.132 |
6.987 |
|
Total Expenditure |
|
8.494 |
7.258 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
NA |
14.35
|
9.59 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
NA |
14.35
|
9.59 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
NA |
12.07
|
6.80 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
NA |
0.21
|
0.11 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
0.52 |
0.76
|
0.61 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
2.87 |
2.78
|
2.77 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8 Particular for creation
or modification of charges
|
Name of the company
|
INDUSTRIAL DEVELOPMENT SERVICES |
|
Presented By |
RAMKUMAR GUPTA, MANAGING DIRECTOR |
|
1) Date and
description of instrument creating the change |
Vehicle loan cum
Hypothecation on agreement dated 31.03.2001 |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs.0.400 millions |
|
3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
Maruti Esteen LX
Car Registration No.
DL-3CR3689 |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Repayment of loan and interest @ 15% p.a.
on 36 equated monthly installments of Rs.0.014 millions |
|
5) Name and Address
and description of the person entitled to the charge. |
ICICI Limited, 163, Backbay Reclamation,
Mumbai-400020 (A company registered under the company’s act) |
|
6) Date and brief description of instrument
modifying the charge |
Not Applicable |
|
7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
Not Applicable |
Subject has neither
imports nor exports
Fixed Assets
- Vehicles
- Office Equipments
- Refrigerator
- Air Conditioner
- Computer
- Furniture and Fixtures
Representatives
(Overseas & Indian Consulting Organisation) :-
·
Boston
Consulting Group, USA
·
Chem Systems,
USA
·
Chemtex
Engineering, India
·
Delucia & Associates,
USA
·
Engineers
India Limited, India
AS PER WEBSITE
Subject was established in 1968 to provide specialized engineering and economic consulting to service India’s development needs. Over the last thirty five years, IDS has carried out over 750 assignments for close to 400 national and international clients.
The IDS team brings a synergy of talents to all projects using its professional workforce of engineers, MBA’s economists, scientists, system specialists, metallurgists, financial analyst and social scientists.
From the beginning, IDS has worked to meet the challenge of India’s development effort at two fronts. IDS professionals work closely with Indian and international business in a wide range of industrial sectors, assisting them in assessing investment viabilities and formulating marketing strategies. As part of this effort, IDS also assists companies in international cooperation, through matching joint venture partners and providing assistance in technical and financial collaboration.
IDS uses its long experience and internal resources through its large repertoire of projects to work with development agencies, both governmental and NGOs, and funding agencies to formulate effective development strategies at the community, sectoral and national levels.
With this experience, IDS brings to its projects, a comprehensive perspective to each specific sector, with respect to its current techno-economic status, the determining players, its interlinking relationship with the general industrial economy of the country and areas that need attention
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.27 |
|
UK Pound |
1 |
Rs.77.33 |
|
Euro |
1 |
Rs.57.51 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market
trend (10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|