MIRA
INFORM REPORT
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Report Date : |
24.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
3P CONSULTANTS PRIVATE LIMITED |
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Registered Office : |
Lok Bharati Complex B-1, Marol Maroshi Road, Andheri (East), Mumbai –
400 059, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.05.2000 |
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Com. Reg. No.: |
126511 |
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CIN No.: [Company
Identification No.] |
U74140MH2000PTC126511 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providing Consultancy Services |
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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Maximum Credit Limit : |
USD 121212 |
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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 and reputed company meeting its normal
commitments timeously. Trade relations are fair. The company can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
Lok Bharati Complex B-1, Marol, Maroshi Road, Andheri (E), Mumbai -
400 059, Maharashtra, India. |
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Tel. No.: |
9122-67070303 |
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Fax No.: |
9122-67070399 |
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Website : |
www.3pconsultants.co.in |
DIRECTORS
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Name : |
Mr. Nirmit Parekh |
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Designation : |
Director |
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Address : |
A 602, Sangeetlok Darshan, Military Road, Marol, Andheri (E), Mumbai –
400 059, Maharashtra, India. |
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Date of Appointment : |
15.05.2000 |
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Name : |
Mr. Hemendra Parekh |
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Designation : |
Director |
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Address : |
A 603-604, Sangeetlok Darshan, Military Road, Marol, Andheri (E),
Mumbai – 400 059, Maharashtra, India. |
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Date of Birth/Age : |
27.06.1933 |
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Date of Appointment : |
15.05.2000 |
KEY EXECUTIVES
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Name : |
Ms. Mitchelle Shetty |
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Designation : |
Principal Consultant |
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Name : |
Ms. Aparna Das |
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Designation : |
Principal Consultant |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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As on 29.09.2005 |
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Names of Shareholders |
No. of Shares |
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Nirmit Parekh |
20000 |
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Hemendra Parekh |
20000 |
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Total |
40000 |
Equity share breakup (percentage of total equity)
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As on 29.09.2007 |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Service Provider |
GENERAL
INFORMATION
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No. of Employees : |
42 |
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Bankers : |
·
City Bank ·
Kotak Mahindra |
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Auditors : |
S. D. Ghandhi and Associates Chartered Accountant A-11/13, Gold Coin CHS. Limited, Tardeo, Opp. Cross Road, Mumbai – 400
034, Maharashtra, India. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1,00,000 |
Equity Shares |
Rs. 10/- each |
1.000 million |
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Total |
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1.000
million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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40,000 |
Equity Shares |
Rs. 10/- each |
0.400
million |
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Total |
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0.400 million |
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 |
0.400 |
0.400 |
0.400 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
29.903 |
18.124 |
10.042 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
30.303 |
18.524 |
10.442 |
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LOAN FUNDS |
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1] Secured Loans |
0.188 |
0.353 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.239 |
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TOTAL BORROWING |
0.188 |
0.353 |
0.239 |
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DEFERRED TAX LIABILITIES |
0.127 |
0.305 |
0.000 |
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TOTAL |
30.618 |
19.182 |
10.681 |
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APPLICATION OF FUNDS |
0.000 |
0.000 |
0.000 |
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FIXED ASSETS [Net Block] |
5.062 |
5.626 |
3.536 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
8.737 |
3.528 |
0.000 |
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DEFERREX TAX ASSETS |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
2.518 |
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Sundry Debtors |
10.648
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9.074 |
1.585 |
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Cash & Bank Balances |
8.290
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3.592 |
4.172 |
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Other Current Assets |
11.305
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9.149 |
5.772 |
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Loans & Advances |
0.080
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0.250 |
0.032 |
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Total
Current Assets |
30.323
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22.065 |
14.079 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
2.147
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1.673 |
0.744 |
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Provisions |
11.357
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10.364 |
6.193 |
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Total
Current Liabilities |
13.504
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12.037 |
6.937 |
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Net Current Assets |
16.819
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10.028 |
7.142 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
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TOTAL |
30.618 |
19.182 |
10.681 |
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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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0.45
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0.67 |
0.69 |
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Current Ratio (Current Asset/Current Liability) |
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2.25
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2.20 |
2.03 |
LOCAL AGENCY
FURTHER INFORMATION
DIRECTOR’S PROFILE:
Nirmit Parekh
E-mail : nirmit@3pconsultants.co.in
Nirmit has over 18
years experience in executive search. He is well regarded and acknowledged as
one of the pioneers of retained executive search consulting in India. He founded
Three P Consultants in 1990. His search experience at the CXO levels spans
across industry sector which includes large Indian groups, multinational
conglomerates and early start–up ventures. Over the years a large part of his
assignments have been cross border in nature. In the last decade he has
successfully partnered with over 100 clients in their talent acquisition
efforts.
Nirmit is a
qualified Engineer and had the unique opportunity of being trained in the
latest methodologies of executive search by D. E. Foster Partners, New York.
Nirmit currently holds the following responsibilities :
• Chairman, Penrhyn
International
• Director on the
global board of Association of Executive Search Consultants, (AESC), www.aesc.org
• On the board of
Trustees and Charter member for The Indus Entrepreneurs (TiE)
Over the years he
has held several professional memberships which include Senate
Member-University of Mumbai, Founder Member – Executive Recruiters Association
(ERA) and Vice Chairman of ERA (2006-2007) and Member Executive Committee &
Chairman (Academic Programme) – Indo American Society.
In 2006 Nirmit was
awarded the Penrhyn Chairman’s Award for outstanding contribution to the Global
Network. In December 2006, Nirmit was awarded the “Enterprise Scions Award” for
Entrepreneurship Excellence in the Services Sector by Institute of Technology
& Management (An affiliate of University of Hampshire). Nirmit is the
Chairman of Penrhyn International for two consecutive years (2007 - 2008).
Nirmit’s hobbies are
reading management books, travel and photography.
Hemen Parekh
Hemen has spent over 30 years with India’s largest engineering company,
Larsen & Toubro Limited. During this period, he held several senior positions
in Personnel & HRD, Manufacturing, Exports, Industrial Relations and
Strategic Planning. His last responsibility at Larsen & Toubro Limited was
as General Manager, Planning & Development and Exports.
After retiring from Larsen & Toubro Limited in 1990, Hemen along with
Nirmit, founded Three P Consultants.
Hemen has a post-graduate degree in Mechanical Engineering from the University
of Kansas, USA (1958). He has served as a member of Managing Councils of
several engineering colleges and has represented Larsen & Toubro Limited on
several professional bodies.
His hobbies include reading of management literature and listening to music.
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
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.84 |
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UK Pound |
1 |
Rs. 84.78 |
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Euro |
1 |
Rs. 67.32 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
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 |
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45 |
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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