MIRA
INFORM REPORT
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Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBE CIVIL PROJECTS PRIVATE LIMITED |
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Registered Office : |
31, Sarojinagar Market, New
Delhi – 110023 |
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Country : |
India |
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Date of Incorporation : |
22.05.2002 |
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Com. Reg. No.: |
55-115486 |
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CIN No.: [Company
Identification No.] |
U45202DL2002PTC115486 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELG05795G |
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PAN No.: [Permanent
Account No.] |
AABCG6312K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of
builders, contractors, designers, architects, decorators, furniture, consultants,
constructing and broker of all types of buildings and structures. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Subject is almost defunct company and can be regarded poor in Corporate Governance. It can be considered for any business dealings on fully
safe and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
31, Sarojinagar Market, New
Delhi – 110023, India |
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Tel. No.: |
91-11-26691515 |
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Fax No.: |
91-11-26692044 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Ved Prakash
Khurana |
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Designation : |
Director |
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Address : |
B-123, Maluiva Nagar, New Delhi – 110017, India |
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Date of Birth/Age : |
23.01.1957 |
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Name : |
Mr. Prabhu Dayal
Sachdeva |
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Designation : |
Director |
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Address : |
L-76 A Malviya Nagar, New Delhi – 110017, India |
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Date of Birth/Age : |
01.01.1950 |
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Name : |
Ms. Geeta Khurana |
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Designation : |
Director |
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Address : |
B-123, Maluiva Nagar, New Delhi – 110017, India |
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Name : |
Mr. Vipul Khurana |
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Designation : |
Director |
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Address : |
B-123, Maluiva Nagar, New Delhi – 110017, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 29.09.2005)
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Names of Shareholders |
No. of Shares |
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Ved Prakash
Khurana |
240000 |
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Prabhu Dayal
Sachdeva |
240000 |
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Geeta Khurana |
240000 |
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Total |
720000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of
builders, contractors, designers, architects, decorators, furniture, consultants,
constructing and broker of all types of buildings and structures. |
GENERAL
INFORMATION
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Bankers : |
Syndicate Bank Hauz Khas, Delhi
– 110016, India |
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Financial Institution : |
3i Infotech
Trusteeship Services Limited 3rd to
6th Floor, International Infotech Park, Tower No.5, Vashi Railway
Station Complex, Vashi, Navi Mumbai – 400 703, Maharashtra, India |
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Banking
Relations : |
Unknown |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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720000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.200
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available since incorporation of the company.
Management denied to part business and financial details.
LOCAL AGENCY
FURTHER INFORMATION
Form No. 8
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This form is for |
Modification of
charge |
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Charge
identification number of the modified
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90049439 |
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Corporate
identity number of the company |
U45202DL2002PTC115486 |
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Name of the
company |
GLOBE CIVIL
PROJECTS PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
31,
Sarojinagar Market, New Delhi – 110023, India |
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Type of charge |
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Particular of
charge holder |
Syndicate Bank Hauz Khas, Delhi
– 110016, India |
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Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation Agreement |
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Date of
instrument Creating the charge |
27.02.2007 |
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Amount secured by
the charge |
Rs. 135.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest The rate of
interest shall be charges @ 14.25 % p.a. being 2 % over and above Syndicate
Bank Prime Lending Rate raising falling therewith with calendar Monthly rest.
Terms of
Repayment Not Applicable Margin Margin shall be
25 % on stock and 50 % on Book Debts Extent and
Operation of the charge The extent operation
shall be first charge on Stock in trade and book dents and secured various
credit facilities aggregating to Rs. 135.000 Millions plus interest, cost,
commission, expenses etc,. |
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Short particulars
of the property charged |
The credit
facilities shall be secured against hypothecation of stock of raw materials,
work in process, stored at temporary Godown / shed at various construction
sites and all book debts, outstanding, monies, receivables, claims and bills,
both present and future. |
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Particulars of
the present modification |
The SOD limit
stands enhanced from Rs. 16.500 Millions to Rs. 25.000 Millions and Bank
Guarantee limit from Rs. 70.000 Millions to Rs. 110.000 Millions. Terms and
conditions except those specified in foregoing paragraphs remained same. |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.34 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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4 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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