MIRA
INFORM REPORT
|
Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DEUTSCHE BANK AG |
|
|
|
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Registered Office : |
Post Box No. 1142, Hazarimal Somani Marg, Fort, Mumbai -
400 001, Maharashtra |
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|
|
|
Country : |
India |
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|
|
Financials (as on) : |
31.03.2007 |
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|
|
Date of Incorporation : |
01.01.1900 |
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FCRN : |
F01125 |
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|
Legal Form : |
Commercial Bank with limited liability |
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|
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Line of Business : |
Banking Activities |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aaa |
|
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 |
|
Maximum Credit Limit : |
USD 710000000 |
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|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well known Multinational German Bank. Its’ Indian operations are doing well. Payments are correct and as per commitments. The Bank can be considered good for normal business dealings at usual trade terms and conditions |
LOCATIONS
|
Registered Office : |
Post Box No. 1142, Hazarimal Somani Marg, Fort, Mumbai - 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22074720/24/22073237 (forex) |
|
Fax No.: |
91-22-22075407 |
|
Telex : |
118 40 42 DEUT Institute 118 49 77 DEUT IN 118 33 13 DBA IN (forex) |
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Branches : |
v Bangalore Branch Raheja Towers, 26/27, M. G. Road, Bangalore – 560 001, Karnataka, India Tel. No. 91-80-2559 4488 Fax No. 91-80-2559 4388 Telex 0845-3200 DBBG IN v Chandigarh Branch SCO 1, Sector – D, Chandigarh – 160 017, India Tel. No. 91-172-2743667 – 69 Fax No. 91-172-2743711 Telex (81) 395 – 7476 v New Delhi Branch Tolstoy House, 15-17 Tolstoy Marg, New Delhi – 110 001, India Tel. No. 91-11-2331 3629 / 2332 4079 Fax No. 91-11-2331 6237 Telex 031-62088 DEUT IN v Kolkata Branch Brooke House, 9, Shakespeare Sarani, Kolkata – 700 071, West Bengal, India Tel. No. 91-33-2242 5050 / 8484 Fax No. 91-33-2242 1716 Telex 021-2500 / 2469 v Chennai Branch Kothari Buildings, Ground Floor, 114 M.G. Road, Chennai – 600 034, Tamil Nadu, India Tel. No. 91-44-2821 6131 Fax No. 91-44-2821 5410 Telex 41-6401 DEUT IN |
DIRECTORS
|
Name : |
Mr. H Singh |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Kersi Patel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. N Venkataramanan |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Ravi Veera Gupta |
|
Designation : |
Chairman |
KEY EXECUTIVES
|
Name : |
Mr. Rohit Bammi |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Venkatesh Roddam |
|
Designation : |
Chief Operating Officer |
BUSINESS DETAILS
|
Line of Business : |
Banking Activities |
GENERAL
INFORMATION
|
No. of Employees : |
506 |
|
|
|
|
Bankers : |
Reserve Bank of India |
|
|
|
|
Banking Relations
: |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat S. Raut and Company Chartered Accountants |
|
|
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Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
Not Available |
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1212680000 |
Equity Shares |
Rs. 10/-
each |
Rs.
12126.800 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
|
|
|
|
Capital |
12126.800
|
7126.800
|
7126.800
|
|
Reserves and Surplus |
7271.700
|
5986.400
|
5191.200
|
|
Deposits |
69783.800
|
43799.000
|
35578.500
|
|
Borrowings |
69430.100
|
49938.400
|
50281.600
|
|
Other Liabilities &
Provisions |
18538.400
|
13652.200
|
9291.400
|
|
TOTAL |
177150.800 |
120502.800 |
107469.500 |
|
|
|
|
|
|
Cash & Balances with RBI |
9294.200
|
6578.800
|
3941.100
|
|
Balances with Banks & money
at Call & Short Notice |
41065.400
|
45244.800
|
45387.800
|
|
Investments |
62035.300
|
32608.600
|
22538.700
|
|
Advances |
49450.600
|
25817.800
|
25405.800
|
|
Fixed Assets |
1302.9
|
1109.800
|
915.500
|
|
Other Assets |
14002.400
|
9143.000
|
9280.600
|
|
TOTAL |
177150.800 |
120502.800 |
107469.500 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Interest Earned |
9717.100
|
6037.400
|
3901.600
|
|
Other Income |
6705.100
|
5772.800
|
4225.100
|
|
TOTAL |
16422.200 |
11810.200 |
8126.700 |
|
|
|
|
|
|
Interest expended |
4670.700
|
3683.000
|
3047.100
|
|
Operating Expenses |
7465.200
|
4880.200
|
2747.200
|
|
Provisions & Contingencies |
2104.100
|
1987.700
|
1560.600
|
|
TOTAL |
14240.000 |
10550.900 |
7354.900 |
|
|
|
|
|
|
Net Profit for the year |
2182.200
|
1259.300
|
771.800
|
|
Prior Year Adjustments |
0.000
|
0.000
|
0.000
|
|
Profit brought forward |
896.800
|
1035.400
|
2416.100
|
|
TOTAL |
3079.000 |
2294.700 |
3187.900 |
KEY RATIOS
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Credit Deposit Ratio |
66.27 |
64.53 |
76.16 |
|
Investment Deposit Ratio |
83.33 |
69.47 |
74.40 |
|
Cash Deposit Ratio |
13.97 |
13.25 |
11.97 |
|
Interest Expended/Interest
Earned |
48.07 |
61.00 |
78.10 |
|
Other Income/Total Income |
40.83 |
48.88 |
51.99 |
|
Operating Expense/Total Income |
45.46 |
41.32 |
33.80 |
|
Interest Income/Total Funds |
6.53 |
5.30 |
4.03 |
|
Interest Expended /Total Funds |
3.14 |
3.23 |
3.15 |
|
Net Interest Income/Total Funds |
3.39 |
2.07 |
0.88 |
|
Non Interest Income/Total Funds |
4.51 |
5.06 |
4.37 |
|
Operating Expense/Total Income |
5.02 |
4.28 |
2.84 |
|
Profit Before Provisions/Total
Funds |
2.88 |
2.85 |
2.41 |
|
Net Profit/Total Funds |
1.47 |
1.10 |
0.80 |
|
Return On Net Worth(%) |
13.42 |
9.90 |
7.18 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY AND BUSINESS
Deutsche
Bank established its first branch in India in 1980. Today, Deutsche Bank
operates in India with a staff strength of around 500 people through its five
full-fledged branches, giving Deutsche Bank the necessary presence in all the
key geographic locations. Deutsche Bank is present in Mumbai, Delhi, Bangalore,
Chennai and Kolkata.
With a
strong presence in India, the bank is represented by the businesses of: Global
Markets; Global Corporate Finance (Investment Banking); Global Equities
(Equities Broking); Asset Management; The Global Banking Division - which
provides value-added solutions to Multinational clients, German MidCap names
and Large Local Corporates, as well as Financial Institutional (FI) clients
through Global Trade Finance, Global Cash Management and Trust and Security
Services; and of course Private Wealth Management. The bank presently is
recognized as India's leading foreign exchange dealer, ranking among the top
three in derivatives sales and is one of the top three foreign banks in GOI
securities trading.
Over
the past three years, Deutsche Bank India has seen a consistent and steady
growth in profits as well. Post tax profits have shown a rise from Euro 17
million during the financial year 2000-2001 to Euro 22 million in 2001-2002 and
Euro 31 million in the financial year 2002-2003. This consistent growth
reiterates the banks focus to the business areas in India. The bank functions
with a global expertise combined with understanding the needs of the local market
in India.
Keeping
in line its global policy of supporting the arts and cultures in the countries
in which it operates, India is no different. This is evident in its restoration
and upkeep of two beautiful heritage buildings that the bank occupies in Mumbai -
the old Tata Palace (now called DB House) and Kodak House; where the bank also
houses a collection of contemporary Indian art.
The
divisions that are currently recruiting graduates in India are indicated on the
left-hand menu, please click on the links for more information.
Under the Empire (1870-1918)
From 1880 Deutsche Bank begins its industrial sponsoring and investment
activities
Foreign investments in North and South America, Eastern Asia, and Turkey.
1870 1870
Deutsche Bank is founded in Berlin - its purpose: "to transact banking
business of all kinds, in particular to promote and facilitate trade relations
between Germany, other European countries and overseas markets".
1871/72 First
branches in Bremen and Hamburg, followed by more branches in, for example,
Frankfurt am Main, Munich, Leipzig and Dresden.
1873 Opening of the first European foreign
branch in London.
1876 Acquisition
of Berliner Bank-Verein and Deutsche Union-Bank; through the acquisition of
other regional insitutions, the bank strongly expands its position in Germany
until the 1920’s
1880 Deutsche
Bank begins its industrial sponsoring and investment activities. Foreign
investments in North and South America, Eastern Asia, and Turkey.
1929 Merger
of Deutsche Bank with Disconto-Gesellschaft, at that time the biggest ever merger
in German banking history.
1933-45 Confirming with the Nazi state.
1945-48 Closure
of head office in Berlin and of all branches in the Soviet-occupied zone.
Deutsche Bank is run by its Hamburg management. In the Western occupation
zones, Deutsche Bank is split up into separate independent banks.
1957 The
disincorporation of the bank by the Allies after World War II first into ten
and then into three institutions is ended. Re-amalgamation of the three
successor banks to form Deutsche Bank AG, a joint stock corporation with its
registered office in Frankfurt am Main.
1959 Deutsche Bank gets into retail banking by
introducing small personal loans.
1970 Foundation
of today’s Deutsche Bank Luxembourg S.A.; in the next ten years, the bank
pushes ahead with the internationalization of its business; offices are opened
at new locations such as Moscow, London, Tokyo, Paris and New York.
1986 Acquisition
of Banca d´America e d´Italia; this is the first time the bank has acquired a
sizeable branch network in another European country.
1989 Acquisition
of Morgan Grenfell Group; with this step, Deutsche Bank strengthens its
position in the international securities business and expands its presence on
the important London capital market.
1990 Deutsche
Bank starts operations in the new federal states with the foundation of
Deutsche Bank-Kreditbank AG.
1999 Acquisition and integration of Bankers
Trust in the U.S.A.
2001 The Deutsche Bank share is traded for the
first time on the New York Stock Exchange.
2002 Purchase of the US asset manager Scudder
Investments.
2003 Acquisition of the Swiss Private Bank
Rued Blass & Cie.
PRESS RELEASES
DEUTSCHE BANK AND LANDMARK LAUNCH CO-BRANDED CARDS
Chennai, November 14, 2007: Deutsche Bank and Landmark,
one of India’s largest retail book-store chains, today announced the launch of
the Deutsche Bank Landmark Credit Card. Specially created for books, music and
movie aficionados, the card is available in two variants- Deutsche Bank
Landmark Platinum Card and Deutsche Bank Landmark Gold Card.
Deutsche Bank Landmark Credit Card holders can earn up to
six reward points for every Rs 100 spent. Each cardholder will receive a
Landmark gift voucher of up to Rs 4,000 along with the card. All reward points
earned on the card can be exclusively redeemed at any of the Landmark stores.
Every point redeemed is equivalent to Re. 1. Cardholders will also be entitled
to special privileges such as free gift wrapping, sneak previews of annual
sales and premium seats at Landmark quiz and book reading sessions.
Apart from the special privileges at Landmark stores, the
Deutsche Bank Landmark Credit Cardholders will enjoy all the normal features of
a Deutsche Bank credit card which includes reward points on shopping,
eating out, watching movies or buying groceries. Cardholders can also avail
fuel surcharge waiver at all petrol pumps
Speaking at the launch, Mr.Shameek Bhargava, Director & Head Cards, Asia
Pacific, Deutsche Bank, said “This is our second co-branded card launch in the
year and we are extremely delighted in partnering with Landmark. Co-branded
cards have increasingly become popular over the years and such unique
partnerships go a long way in increasing customer loyalty. The Deutsche Bank
Landmark Credit card comes packed with a host of powerful benefits and I am
confident that Landmark customers will find this card highly beneficial.”
Ms Hemu Ramaiah, CEO, Landmark , said, “It has been our
endeavour to enrich our readers with products and services customized to their individual
interests. With our 10 stores spread across six cities in the country we try
and reach out to every avid book reader and the launch of this new product will
further ensure that we give them a memorable experience every time they visit
our store. We look forward to an enduring relationship with Deutsche Bank.”.
Deutsche Bank product ambassador and tennis star Sania
Mirza said “I have been associated with Deutsche Bank since the inception of
its retail banking operations in India. The launch of this new card and its
highly attractive benefits strengthens my belief that Deutsche Bank truly
stands for excellence and is committed towards offering customers innovative
financial products. I look forward to using the card to purchase lots of books,
movie DVDs and music CDs.”
About
Deutsche Bank
Deutsche Bank is a leading global investment bank with a
strong and profitable private clients franchise. A leader in Germany and
Europe, the bank is continuously growing in North America, Asia and key emerging
markets. With 75,140 employees in 75 countries, Deutsche Bank offers
unparalleled financial services throughout the world. The bank competes to be
the leading global provider of financial solutions for demanding clients
creating exceptional value for its shareholders and people.
About
Private & Business Clients
The Private & Business Clients division of Deutsche
Bank, which serves over 13 million customers in the bank’s core markets of
Central and Eastern Europe, India and China, focuses on a unique advisory
approach centered around sophisticated financial planning helping the customers
towards meeting financial goals and aspirations.
Deutsche Bank’s Private & Business Clients division
in India offers a broad range of innovative credit cards as well as a
comprehensive range of banking products and services – from daily banking,
insurance & investments to loans for individual and business customers. In
India the bank serves customers through ten branches in the nine cities of
Aurangabad, Bangalore, Chennai, Gurgaon, Kolhapur, Kolkata, Mumbai, New Delhi
and Noida.
About Landmark
Landmark is India’s largest large-format book & music
retailer with retail space covering a quarter million square feet in 10 stores
across 8 cities. Category killers in all focus categories - Landmark's USP is
the extraordinary range and depth of its stocks. The array of product lines
that Landmark deals with cater to the needs of all age groups- Books, Music,
Stationery, Magazines, Gifts, Home, Toys.
The Landmark brand has been built largely on its strong
word-of-mouth and loyalty among its customers. With the best customer order
process and an efficient querying system, Landmark’s focus is customer
satisfaction maximization.Now, a subsidiary of Trent Ltd. (Tata), Landmark
commenced its operations in 1987 with its first store in Chennai. It is
currently present in Chennai, Bangalore, Mumbai, Vadodara, Gurgaon, Pune,
Lucknow and Ahmedabad.
DEUTSCHE BANK’S PRODUCT AMBASSADOR, SUNIL GAVASKAR MEETS
CUSTOMERS IN AURANGABAD
Aurangabad, October 29, 2007: Deutsche Bank’s
product ambassador & cricketing legend Sunil Gavaskar, visited the
Aurangabad branch of Deutsche Bank to interact with its customers as part of
its customer interaction initiative.
Speaking on the occasion, Vikas Agnihotri, Commercial
Director - PBC (Private and Business Clients) India, Deutsche Bank, said, ‘We
have seen a very encouraging response from the Aurangabad market in the last 3
months and are looking forward to developing our business in the region. The
growing number of professionals, entrepreneurs and businesses in this city
makes this an important market for our advisory based financial planning
solutions as well as our corporate executive solutions. We are very happy to
have Sunil Gavaskar with us in Aurangabad. We feel our direct interaction with
customers generates valuable feedback and enables us to further improve our
products and services. This has also become a wonderful opportunity for our
customers to personally meet their idol Sunil Gavaskar.”
On July 16, Deutsche Bank India rolled out its first
branch in Aurangabad offering a full suite of private banking, personal banking
as well as business banking products and services to its customers. Deutsche
Bank also offers comprehensive solutions to meet the increasingly sophisticated
financial needs of its corporate clients and individual customers based in
Aurangabad - this offering ranges from daily banking, insurance &
investments to personal loans and housing loans. With a strong focus on advisory
banking, Deutsche Bank provides an integrated financial planning process to
customers helping them to optimize their financial and investment decisions.
About
Private & Business Clients
The Private & Business Clients division of Deutsche Bank, which serves over
13 million customers in the bank’s core markets of Central and Eastern Europe,
India and China, focuses on a unique advisory approach centered around
sophisticated financial planning helping the customers towards meeting
financial goals and aspirations.
Deutsche Bank’s Private & Business Clients division
in India offers a comprehensive range of banking products and services – from
daily banking, insurance & investments to loans for individual and business
customers, and a variety of innovative credit cards. In India the bank serves
customers through ten branches in the nine cities of Aurangabad, Bangalore,
Chennai, Gurgaon, Kolhapur, Kolkata, Mumbai, New Delhi and Noida.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong private clients
franchise. A leader in Germany and Europe, the bank is continuously growing in
North America, Asia and key emerging markets. With 75,140 employees in 75
countries, Deutsche Bank offers unparalleled financial services throughout the
world. The bank competes to be the leading global provider of financial
solutions for demanding clients creating exceptional value for its shareholders
and people.
Deutsche Bank group has been operating in India since
1980 with a strong presence in the businesses of Global Markets, Global
Corporate Finance (Investment Banking), Asset Management, Private Wealth
Management and Global Transaction Banking. Deutsche Bank now also has a strong
retail banking and credit cards franchise in India.
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.40.46 |
|
UK Pound |
1 |
Rs.79.50 |
|
Euro |
1 |
Rs.63.09 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
TOTAL |
|
73 |
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 |
|