MIRA
INFORM REPORT
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Report Date : |
17.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
M N DASTUR AND COMPANY PRIVATE LIMITED |
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Formerly Known As : |
M N DASTUR AND COMPANY LIMITED |
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Registered Office : |
Faraday House, P – 17 Mission Row Extension, Kolkata – 700013, West
Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
31.05.1955 |
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Com. Reg. No.: |
022399 |
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CIN No.: [Company
Identification No.] |
U74210WB1955PTC022399 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALM00350A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providiry Engineering Consultancy Services |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 3292764 |
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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 established and reputed company having excellent
track. Available information indicates high financial of the company. Trade
relations are fair. Financial positions is good. Payments are correct and as
per commitments. The company can be considered good for any normal business dealings at
usual trade terms. It can be regarded as a promising business partner in a medium to long
– run. |
LOCATIONS
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Registered Office/ Factory : |
Faraday House, P – 17 Mission Row Extension, Kolkata – 700013, West
Bengal, India |
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Tel. No.: |
91-33-22255420 |
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Fax No.: |
91-33-22251422 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. S Das Gupta |
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Designation : |
Chairman Cum Managing Director |
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Address : |
Flat No.301, Dover Court, 22 Dover Road, Kolkata – 700019, West Bengal,
India |
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Date of Birth : |
01.08.1935 |
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Date of Appointment : |
10.04.2004 |
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Email : |
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Name : |
Mr. Shivaji Ray |
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Designation : |
Managing Director |
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Address : |
99/5/7 Ballygunge Place, Kolkata – 700019, West Bengal, India |
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Date of Birth : |
28.05.1943 |
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Date of Appointment : |
01.01.2000 |
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Email : |
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Name : |
Mr. Satyaki Sen |
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Designation : |
Whole Time Director |
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Address : |
CJ84, Sector II, Salt Lake City, Kolkata – 700091, West Bengal, India |
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Date of Birth : |
28.05.1943 |
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Date of Appointment : |
01.01.1998 |
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Email : |
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Name : |
Mr. Abhijit Dasgupta |
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Designation : |
Whole Time Director |
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Address : |
26/6/3 Lake East, 4th Road, Santoshpur, Kolkata – 700075,
West Bengal, India |
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Date of Birth : |
05.01.1950 |
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Date of Appointment : |
01.01.1998 |
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Email : |
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Name : |
Mr. C R Venkatraman |
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Designation : |
Director |
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Address : |
W2 CR, Flat No.2/5 Phase, IV B Teleview Co-op Housing Society, Golfgreen,
Urban Complex, Kolkata – 700091, West Bengal, India |
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Date of Birth : |
07.09.1957 |
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Date of Appointment : |
01.01.1998 |
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Email : |
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Name : |
Mr. Bhaskar Roy |
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Designation : |
Director |
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Address : |
14 Dr. Sundari Mohan Avenue, Kolkata – 700014, West Bengal, India |
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Date of Birth : |
10.07.1948 |
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Date of Appointment : |
01.03.2003 |
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Email : |
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Name : |
Mr. Sanjay Deb |
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Designation : |
Director |
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Address : |
P-467, CIT Scheme XLVII, Keyatala, Kolkata – 700029, West Bengal,
India |
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Date of Birth : |
10.04.1943 |
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Date of Appointment : |
01.03.2003 |
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Email : |
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Name : |
Mr. Gyanendra Kumar Jha |
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Designation : |
Whole Time Director |
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Address : |
73 A, Purna Das Road, Kolkata – 700029, West Bengal, India |
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Date of Birth : |
03.06.1942 |
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Date of Appointment : |
01.03.2003 |
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Email : |
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Name : |
Mrs. M M Dastur |
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Designation : |
Director |
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Address : |
12/3 Ballygunge Park Road, Kolkata – 700019, West Bengal, India |
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Date of Appointment : |
10.04.2004 |
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Email : |
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Name : |
Mrs. J S Ranji |
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Designation : |
Director |
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Name : |
Mr. S S Retnam |
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Designation : |
Director |
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Name : |
Mr. R M Dastur |
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Designation : |
Director |
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Email : |
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Name : |
Mr. P M Mukhopadhyay |
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Designation : |
Director |
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Email : |
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Name : |
Mr. Narayan Sengupta |
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Designation : |
Director |
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Email : |
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Name : |
Mr. B. Maiti |
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Designation : |
Director |
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Email : |
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Name : |
Mr. T. K. Mandal |
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Designation : |
Director |
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Email : |
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Name : |
Mrs. Subrata Mitra |
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Designation : |
Director |
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Email : |
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Name : |
Mr. Bibhas Bhadury |
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Designation : |
Director |
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Email : |
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Name : |
Mr. P N Dastur |
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Designation : |
Director |
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Email : |
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Name : |
Mrs. J S Ranji |
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Designation : |
Director |
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Email : |
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Name : |
Mr. N M Dastur |
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Designation : |
Director |
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Email : |
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Name : |
Mr. Subir Kumar Guha |
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Designation : |
Director |
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Email : |
KEY EXECUTIVES
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Name : |
Mr. Sekhar N. Nahar |
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Designation : |
Company Secretary |
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Address : |
Flat No.6, P – 240, Lake Road, Kolkata – 700029, West Bengal, India |
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Date of Birth/Age : |
14.11.1955 |
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Date of Appointment : |
01.12.1994 |
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Email : |
BUSINESS DETAILS
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Line of Business : |
Providiry Engineering Consultancy Services |
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Products : |
Engineering Consultancy Services |
GENERAL
INFORMATION
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No. of Employees : |
2500 |
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Bankers : |
· Indian Bank G C Avenue Branch |
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Banking Relations
: |
Good |
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Auditors : |
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Name : |
B M Chatrath and Company Chartered Accountant |
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Address : |
21 Old Court House Street, Kolkata – 700001, West Bengal, India |
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Associates/Subsidiaries : |
· Dastur Investment Limited CIN : U65993KA1995PLC019417 · Dastur Engineering International GmbH located in Dusseldorf, Germany with branch office in
Tokyo, Japan · Dastur International Inc. In Pittsburgh, USA. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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80000 |
Equity Shares |
Rs.100/- each |
Rs.8.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
8.000 |
8.000 |
8.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
815.191 |
725.595 |
687.467 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
823.191 |
733.595 |
695.467 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
3.654 |
5.759 |
7.968 |
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TOTAL |
826.845 |
739.354 |
703.435 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
264.324 |
254.844 |
262.452 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
829.423 |
351.460 |
410.362 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
576.568
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391.485 |
361.866 |
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Cash & Bank Balances |
432.073
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408.962 |
331.253 |
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Other Current Assets |
10.746
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16.430 |
23.999 |
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Loans & Advances |
555.703
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441.949 |
363.628 |
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Total
Current Assets |
1575.090
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1258.826 |
1080.746 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1726.472
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1057.215 |
1004.564 |
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Provisions |
115.520
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68.561 |
45.561 |
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Total
Current Liabilities |
1841.992
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1125.776 |
1050.125 |
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Net Current Assets |
(226.902)
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133.050 |
30.621 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
826.845 |
739.354 |
703.435 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.24
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1.53 |
1.51 |
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Current Ratio (Current Asset/Current Liability) |
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0.85
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1.12 |
1.03 |
LOCAL AGENCY
FURTHER INFORMATION
History:
Subject is the first design and consultancy organisation
manned entirely by Indians that positioned India on the frontier of the world
steel plant engineering map. Founded in 1955 by Dr. Minu Nariman Dastur - the
pioneer in providing consulting engineering services in India. The company
offers integrated design and engineering consultancy services from concept to
completion for a wide range of projects in the metallurgical and allied
industries, mining, chemical, cement, power, environmental, infrastructure and
emerging technologies including software development and network design and
engineering services.
Subject specialises in project planning and appraisal; economic evaluation;
design and detailed engineering, procurement assistance services, project management
and supervision of construction and erection; environmental engineering and
pollution control; energy management and optimisation; human resources
development; marketing and management consultancy, as also customised software
development services.
Company has built up a multidisciplinary team of about 2,000
professional and technical staff with varied experience, fully abreast of
state-of-the-art technologies and having an intimate understanding of the
latest trends, combining creativity with initiative. Company represents a
unique combination of experience blended with talent, catering to the specific
requirements of each project. It has its headquarters in Kolkata and has a
network of engineering offices at Chennai, Mumbai, Bangalore,
New Delhi, Bhubaneswar, and Hyderabad in India.
Subject is an ISO 9001:2000 certified organisations with the
Quality Management System certified since 1995 by the TUV CERT Certification
Body for QM Systems of RWTUV Systems, GmbH, and the Indian certification agency
being TUV India Private Limited.
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 |
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US Dollar |
1 |
Rs.42.40 |
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UK Pound |
1 |
Rs.82.57 |
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Euro |
1 |
Rs.65.84 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
9 |
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PAID-UP CAPITAL |
1~10 |
9 |
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OPERATING SCALE |
1~10 |
9 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
9 |
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--PROFITABILIRY |
1~10 |
9 |
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--LIQUIDITY |
1~10 |
9 |
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--LEVERAGE |
1~10 |
9 |
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--RESERVES |
1~10 |
9 |
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--CREDIT LINES |
1~10 |
9 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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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 |
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81 |
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 |
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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 |
|
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 |
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