MIRA
INFORM REPORT
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Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL C INC |
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Registered Office : |
B – 1303, Palam Vihar, (Near Ansal Plaza), Gurgaon – 120071, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
2005 |
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Com. Reg. No.: |
AMLPM2660D |
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PAN No.: [Permanent
Account No.] |
AMLPM2660D |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Project Management and Consultants. |
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 : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern in its field. Proprietor of the concern
is required as experienced, respectable and highly qualified businessmen. His
trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Gaurav Moudgil |
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Designation : |
Principal |
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Date : |
18.06.2008 |
LOCATIONS
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Registered Office : |
B – 1303, Palam Vihar, (Near Ansal Plaza), Gurgaon - 1217001, Haryana,
India |
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Tel. No.: |
91-124-4008465 |
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Mobile No.: |
919810600107 |
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Fax No.: |
91-124-4008465 |
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E-Mail : |
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Website : |
www.globalcinc.com |
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Area : |
1800 sq fts. |
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Location : |
Leased |
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Branch 1 : |
RPS Savana, Sector – 88, Faridabad – 122002, India |
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Mobile No.: |
91-9810603043 |
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Area : |
800 sq ft |
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Location : |
Leased |
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Branch 2 : |
440, Sector – 15A, Chandigarh – 160015, India |
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Tel. No.: |
91-172-2590653 |
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Area : |
1200 sq fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Gaurav Moudgil |
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Designation : |
Proprietor |
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Address : |
F-250 2A, Palam Vihar, Gurgaon |
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Date of Birth/Age : |
25 years |
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Qualification : |
BE, MS (USA) |
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Experience : |
4 years |
BUSINESS DETAILS
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Line of Business : |
Project Management and Consultants |
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Contractual |
GENERAL
INFORMATION
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Supplier: |
*
Kangaroo India Private Limited *
PKP Consultants (Private) Limited *
Prakash K. Prakash |
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No. of Employees : |
18 (Office – 8 and Factory – 10) |
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Bankers : |
Not Divulged |
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Auditors : |
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Name : |
Prakash K. Prakash (Chartered Accountant) |
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Address : |
B-1, Sagar Apartments, 6, Tilak Marg, New Delhi – 110001 |
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Tel. No.: |
91-11-23382207 / 23388753 |
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Fax No.: |
91-11-23387377 |
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E-Mail : |
pkconsult1977@gmail.com |
CAPITAL STRUCTURE
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Capital Account |
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31.03.2007 |
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Opening Balance |
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0.340 |
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Bank Interest |
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0.004 |
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Interest on PPF |
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0.002 |
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Net Profit |
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0.435 |
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Total: |
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0.781 |
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Drawing |
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0.101 |
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Insurance |
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0.030 |
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Less: |
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0.131 |
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Total: |
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0.650 |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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0.648 |
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1] Capital Accounts |
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0.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.648 |
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LOAN FUNDS |
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0.000 |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.648 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.648 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.245 |
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Capital work-in-progress |
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INVESTMENT |
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0.106 |
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DEFERREX TAX ASSETS |
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CURRENT ASSETS, LOANS & ADVANCES |
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0.439 |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.158 |
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Cash & Bank Balances |
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0.000 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.144 |
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Total
Current Assets |
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0.741 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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0.444 |
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Current Liabilities |
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0.000 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.444 |
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Net Current Assets |
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0.297 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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0.648 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Expenditures : |
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Consultancy Income |
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2.016 |
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Net Profit |
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0.434 |
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To Salary Expenses |
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0.704 |
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Membership and Subscription Fees |
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0.122 |
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Vehicle Repair and Maintenance |
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0.213 |
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Rent |
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0.117 |
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Service Tax |
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0.051 |
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Travelling and Conveyance Expense |
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0.025 |
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Business Promotion |
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0.012 |
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Office Expenses |
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0.072 |
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Telephone Expenses |
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0.044 |
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Professional Charges |
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0.019 |
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Printing and Stationery |
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0.025 |
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Electricity and Water Charges |
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0.006 |
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Bank Charges and Interest |
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0.003 |
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Depreciation |
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0.160 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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124.88 |
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Return on Investment (ROI) (PBT/Networth) |
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0.66 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.68 |
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Current Ratio (Current Asset/Current Liability) |
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1.66 |
SUMMARISED RESULTS
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PARTICULARS |
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31.03.2006 |
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Paid –up share capital |
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0.339 |
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Current liabilities and provisions |
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0.727 |
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Total of Balance Sheet |
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1.067 |
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Gross Turn Over |
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1.152 |
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Interest Received |
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0.001 |
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Depreciation as per books of account |
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0.084 |
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Net profit (or loss) before tax |
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0.234 |
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Taxes on income paid/ provided for in the books |
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0.059 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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|
Name |
Global C Inc |
|
Address |
B – 1303, Palam Vihar, (Near Ansal Plaza), Gurgaon, Haryana - 1217001,
India |
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Phone/ Mobile Numbers |
91-124-4008465 / 91-9810600107 |
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Fax Numbers |
91-124-4008465 |
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Electricity Bill |
Submitted with India Mart |
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Statutory Approvals |
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Legal Status of Firm |
Enclosed |
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Income Tax Registration |
Enclosed (AMLPM2660D) |
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Central Sales Tax Registration |
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State Sales Tax Registration |
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Service Tax Registration |
Submitted |
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VAT/ TIN Registration |
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Excise Registration |
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Import Export Code |
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Name of Bank |
Bank of India |
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Current Account Number |
6038-2011-00000 |
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Account Since |
2005 |
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Emp PF Reg Number |
Not Applicable |
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Company ESI Reg. Number |
Not Applicable |
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RBI Code Number |
Not Applicable |
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Credibility Factors |
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IndiaMART Client Since |
Approximately 2 years |
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Years of Establishment |
2005 |
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Trade Affiliations |
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SSI Registration |
Not Applicable |
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Export Promotion Council |
Not Applicable |
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Chambers of Commerce Membership |
Not Applicable |
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D&B D-U-N-S Number |
Not Applicable |
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Govt. Recognised Export House Status |
Not Applicable |
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Other Affiliations |
HPPWD Member India Association of Structure Engineers |
Fixed Assets:-
Furniture and Fixtures
Computer
Printer
Scanner
Inverter
Profile:
They
are proud to introduce, subject as an Enterprising Consulting Firm that
provides Owner's Representation and Project Management services for real estate
owners, lenders and users. They act as their client's appointed representative
to provide overall direction to the project team and manage all planning,
design, construction and occupancy activities to ensure that their project is
completed on schedule, within budget, desired quality and, most importantly, is
consistent with their established goals and objectives.
Owner’s Representation accounts for
approximately 95% of all their project assignments wherein subject leads and
manages the project team and provides comprehensive coordination and management
of all aspects of the planning and implementation process. Early involvement in
a project affords their clients the greatest opportunity to most effectively
control schedule, cost and quality.
With an amalgamation of expertise and evolving
depth of experience, they proactively classify and control the risks inherent
in the planning, design and construction of real estate projects including land
development, new construction, and rehabilitation, adaptive, re-use renovation
and expansion.
Since starting up in 2005, with full passion
to deliver quality facilities and benchmarking their time efficiency, they have
evolved. They are currently managing execution of 7 million + sq ft of IT,
commercial and Residential development consisting of cluster development and
associated commercials. Additionally, they are providing structural engineering
services for an upcoming high security prison complex for PWD, New Delhi consisting of large span
workshops, hospital and administrative building complex. They are also
associated with Afcans Infrastructure Limited. For the conveted Mukarba Chowk
Grade separator at Delhi – Karnal Bye- pass. They have designed bridges for the
Municipal Corporation, Ludhiana. They are empanelled and currently managaing
land valuation and transaction management for various clients, investors.
The concern develop and maintain a truly
professional staff and world- class suite of execution systems, focused on
delivery to their clients.
Subject is dedicated to optimize business
performance through project management initiatives, their integrated family of
services combines to deliver sustainable value for their clients. Their
services for real state and infrastructure projects include:
Ø Strategic Consulting
v
Real Estate Decisions
v
Land Valuation And Advisory
v
Occupancy Strategies
v
Location Strategies
Ø Transaction
Management
v
Liasoning With Local Authorities
v
Sales Plan And Marketing Services
v
Leasing
v
Structuring Joint Ventures
v
Investigating Finances
Ø Project Management
v
Pre- Construction Storyboarding
v
Tendering
v
Construction Management
v
Quality Control / Quality Assurance
v
ePMSth - Electronic Project Monitoring System
v
Handing Over
Ø Asset Management
v
Property And Facilities Management
Ø Structural Engineering
+ Architecture
Ø Software
Development (For Assisting PMS Services)
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.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.34 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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, we have no basis upon which to
recommend credit dealings |
No Rating |
|