MIRA INFORM REPORT
|
Report Date : |
13.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GANNON DUNKERLEY AND COMPANY LIMITED |
|
|
|
|
Registered Office : |
New Excelsior Building, 3rd Floor, A K Nayak Marg, Fort, Mumbai
– 400 001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
11.03.1924 |
|
|
|
|
Com. Reg. No.: |
11-1107 |
|
|
|
|
CIN No.: [Company Identification No.] |
U51109MH1924PTC001107 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG09964D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACG1846P |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Engineering and Construction Activities. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 8000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well – established company having satisfactory track
records. Trade relations are fair. Financial position is good. Payments are
usually correct and as per commitments. The company can be considered good for any normal business dealings. It can be regarded as a promising business partner in a medium to long
– run. |
LOCATIONS
|
Registered Office : |
New Excelsior Building, 3rd Floor, A K Nayak Marg, Fort,
Mumbai – 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22051231 |
|
Fax No.: |
91-22-22051232 |
|
E-Mail : |
|
|
Websites: |
|
|
|
|
|
Corporate Office
: |
Chartered Bank Building, 2nd Floor, M. G. Road, Fort, Post
Box No. 1227, Mumbai - 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22041231/22660178 |
|
Fax No.: |
91-22-22041554/22660071 |
|
E-Mail : |
|
|
|
|
|
Divisional offices |
Located at: Ram Niwas No. 2, Near Gujrat Samachar,
Ahmedabad - 380001, Gujarat Tel. No. 91-79-25501675/6/8 Fax. No. 91-79-25504064 E-mail. gannonad@ad1.vsnl.net.in Bombay Mutual Annexe, 1st
Floor, Rustom Sidhwa Marg, Fort, Mumbai -400 001, Maharashtra Tel. No. 91-22-22660178/22644964/22661492 Fax. No. 91-22-22660071 E-mail. gannon@bom4.vsnl.net.in Bombay Mutual Annexe, 2nd
Floor, Rustom Sidhwa Marg, Fort, Mumbai -400 001, Maharashtra Tel. No. 91-22-22660519/22641288/22621550 Fax. No. 91-22-22641287 E-mail. gannon@bom4.vsnl.net.in 23-A, N. S. Road, 4th Floor,
Kolkata - 700 001, West Bengal Tel. No. 91-33-2200261 to 64 Fax. No. 91-33-220502 E-mail. gannon@cal.vsnl.net.in Eros Apartments, 7th Floor, 56,
Nehru Place, New Delhi - 110 019 Tel. No. 91-11-26422747/4599/26442846 Fax. No. 91-11-26471255 E-mail. gannondl@giasdl01.vsnl.net.in 8-2-626/7, Road. No. 1, Banjara Hills,
Hyderabad, Andhra Pradesh Tel. No. 91-40-23390416/1164/23320419 Fax. No. 91-40-23394280 E-mail. gannonhd@hd1.vsnl.net.in Chaudhary Building, K. Block, 2nd
Floor, Connaught Circus, New Delhi - 110 001 Tel. No. 91-11-23325304/23711621 Fax. No. 91-11-23352719 E-mail. gdewtd@aworld.net 604, Vishal Bhawan, 95, Nehru Place, New Delhi - 110 019 Tel. No. 91-11-26221926/26418761 Fax.
No. 91-11-26471255 |
|
|
|
|
Other Division Offices: - |
Civil
Engineering Division Mumbai Civil
Engineering Division Kolkata Civil
Engineering Division New Delhi Civil
Engineering Division Hyderabad Water
Treatment Division New Delhi Mechanical
and Electrical Division New Delhi Overseas
Division Real Estate Division |
|
|
|
|
Branches : |
Located at: Cross Cut Road, Gandhipuram, Coimbatore - 641 012 Tel. No. 91-422-2495846 Fax. No. 91-422-2495846 16A, Earle Street, Kolkata - 700 028, West Bengal Tel. No. 91-33-24760795 Fax. No. 91-33-22201502 Andhra Insurance Building, Thambuchetty Street, Chennai - 600 001, Tamilnadu Tel. No. 91-44-25341147 Fax. No. 91-44-25341147 |
|
|
|
|
Marketing Offices: |
Mumbai Coimbatore Kolkata Earley Street, |
|
|
|
|
Liaison Office ; |
Chennai
Ahmedabad |
DIRECTORS
|
Name : |
Mr. Chandulal P. Mehta |
|
Designation : |
Director Cum Chairman |
|
Address : |
Flat No. 23, 7th Floor,
Neelkanth Apartments, Worli Hill Estate, Worli, Mumbai - 400 018, Maharashtra, India |
|
Date of
Birth/Age : |
22.09.1926 |
|
Date of
Appointment : |
23.04.1976 |
|
|
|
|
Name : |
Mr. Narayandas Saraf |
|
Designation : |
Director |
|
Address : |
H-21, Maharani Bagh, New Delhi, India |
|
Date of
Birth/Age : |
07.09.1938 |
|
Date of
Appointment : |
24.05.1965 |
|
|
|
|
Name : |
Mr. Ashok Chandra Burman |
|
Designation : |
Director |
|
Address : |
2 - South End Road, New Delhi, India |
|
Date of
Birth/Age : |
12.06.1930 |
|
Date of
Appointment : |
24.04.1976 |
|
|
|
|
Name : |
Mr. Kamal M. Morarka |
|
Designation : |
Director |
|
Address : |
24-B, Cormichaael Road, Mumbai -400 026, Maharashtra,
India |
|
Date of
Birth/Age : |
18.06.1946 |
|
Date of
Appointment : |
19.05.1997 |
|
|
|
|
Name : |
Mr. Parag C Mehta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. S B Sarkar |
|
Designation : |
Executive Director |
KEY EXECUTIVES
|
Management |
Mr. S. B. Trilokekar General Manager, Marketing Division Mr. J. D. Muley General Manager, Mumbai Mr. Manoj K. Singh General Manager, New Delhi Mr. U. N. Isaac General Manager, Hyderabad Mr. K. J. Raval General Manager, Ahmedabad Mr. S. C. Chaudhary Genera/ Manager, Mechanical 8 Electrical Division Mr. S. B. Trilokekar General Manager, Marketing Division Mr. J. M. Vaid Divisional Manager, Water Treatment Division Mr. V. G. Shanbhag Genera/ Manager, Mumbai Mr. A. K. Gangopadhyay General Manager, New Delhi Mr. Avijit Sur General Manager, Kolkata Mr. S. K, Maheshwari Vice President (Corporate) B Company Secretary Mr. H. L. Pandey Vice President (Administration) Mr. H. L. Pandey Vice President (Administration) Mr. S N Bandopadhayay Assistant Vice President , Mumbai, CEO |
|
|
|
|
Name : |
Mr. R P Agarwal |
|
Designation : |
Company Secretary cum General Manager |
BUSINESS DETAILS
|
Line of Business : |
Engineering and Construction Activities. |
|
|
|
|
Products : |
· Civil Engineering and Construction · Pressurised Mono Block Concrete Sleeper · Sugar |
GENERAL
INFORMATION
|
Customers : |
v ISRO, HAL,
NPCIL, Airport Authority of India v IFFCO, CFCL v Tata Iron and
Steel Company, Lloyd Steel v ACC Limited v Modi Cement
Limited v OCL Limited v GAIL, IOCL, RPL,
MRPL, EIL, MECON, EPI v Tata Power
Limited v NALCO, JINDAL,
BALCO, INDAL, MONNET, ISPAT, Prakesh Industries v NTPC, UPSEB,
MPSEB, WBSEB, BHEL, MSEB, GSEB, DCL, PDIL v Kolkata
Municipal Corporation, Ahmedabad Municipal Corporation, Municipal Corporation
of Delhi, Gujarat Torrent Energy Corporation Limited |
||||||||||||||||
|
|
|
||||||||||||||||
|
No. of Employees
: |
2000 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Bankers : |
v State Bank of
India v State Bank of
Hyderabad v Oriental Bank of
Commerce v Corporation Bank v Federal Bank
Limited v Indusind Bank
Limited v Centurion Bank
Limited v Central Bank of
India |
||||||||||||||||
|
|
|
||||||||||||||||
|
Facilities : |
|
||||||||||||||||
|
|
|
|
|||||||||||||||
|
Banking
Relations : |
Satisfactory |
|
|||||||||||||||
|
|
|
|
|||||||||||||||
|
Auditors : |
Sanghavi & Company Chartered Accountant |
|
|||||||||||||||
|
|
|
|
|||||||||||||||
|
Subsidiaries : |
v Gannon Pressure
Vessels Limited v Gannon Finance and
Investments Limited v Shree Jagdish
Oil Industries Limited v Wintry
Engineering and Chemicals Private Limited |
|
|||||||||||||||
CAPITAL STRUCTURE
(As on
12.09.2007):-
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs. 10/- each |
Rs.200.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2688000 |
Equity Shares |
Rs. 10/- each |
Rs.26.880
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
26.900 |
26.900 |
26.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1572.800 |
1088.700 |
792.600 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1599.700 |
1115.600 |
819.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
904.000 |
314.000 |
202.600 |
|
|
2] Unsecured Loans |
490.600 |
70.000 |
0.000 |
|
|
TOTAL BORROWING |
1394.600 |
384.000 |
202.600 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2994.300 |
1499.600 |
1022.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1384.800 |
649.400 |
346.300 |
|
|
Capital work-in-progress |
22.100 |
20.200 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
78.800 |
76.900 |
93.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3091.100
|
1904.000 |
1354.400 |
|
|
Sundry Debtors |
117.700
|
92.600 |
13.900 |
|
|
Cash & Bank Balances |
678.900
|
476.700 |
349.000 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1239.800
|
649.300 |
602.400 |
|
Total
Current Assets |
5127.500
|
3122.600 |
2319.700 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
3490.600
|
2338.000 |
1699.400 |
|
|
Provisions |
128.300
|
31.500 |
37.600 |
|
Total
Current Liabilities |
3618.900
|
2369.500 |
1737.000 |
|
|
Net Current Assets |
1508.600
|
753.100 |
582.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2994.300 |
1499.600 |
1022.100 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
9201.500 |
6039.200 |
4930.200 |
|
|
Other Income |
37.500 |
115.300 |
25.600 |
|
|
Total Income |
9239.000 |
6154.500 |
4955.800 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
859.100 |
489.300 |
237.500 |
|
|
Provision for Taxation |
327.700 |
147.300 |
84.200 |
|
|
Profit/(Loss) After Tax |
531.400 |
342.000 |
153.300 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Manufacturing Expenses |
7734.900 |
5125.100 |
4251.900 |
|
|
Administrative Expenses |
467.400 |
305.500 |
58.100 |
|
|
Raw Material Consumed |
200.800 |
150.600 |
5.500 |
|
|
Increase/(Decrease) in Finished Goods |
[1189.900] |
[548.700] |
[202.300] |
|
|
Salaries, Wages, Bonus, etc. |
532.200 |
309.300 |
237.100 |
|
|
Interest |
78.100 |
26.100 |
24.200 |
|
|
Power & Fuel |
256.300 |
96.600 |
77.700 |
|
|
Depreciation & Amortization |
200.600 |
88.900 |
57.800 |
|
|
Other Expenditure |
99.500 |
111.800 |
208.300 |
|
Total Expenditure |
8379.900 |
5665.200 |
4718.300 |
|
KEY RATIOS
|
Year |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
|
|
|
|
Debt-Equity Ratio |
0.66 |
0.30 |
0.26 |
|
Long Term Debt-Equity Ratio |
0.54 |
0.25 |
0.21 |
|
Current Ratio |
1.31 |
1.30 |
1.31 |
|
TURNOVER RATIOS |
|||
|
Fixed Assets |
5.95 |
6.79 |
7.93 |
|
Inventory |
3.68 |
3.71 |
3.94 |
|
Debtors |
87.51 |
113.41 |
544.77 |
|
Interest Cover Ratio |
12.00 |
19.75 |
10.81 |
|
Operating Profit Margin(%) |
12.37 |
10.01 |
6.48 |
|
Profit Before Interest And Tax Margin(%) |
10.19 |
8.53 |
5.31 |
|
Cash Profit Margin(%) |
7.96 |
7.14 |
4.28 |
|
Adjusted Net Profit Margin(%) |
5.78 |
5.66 |
3.11 |
|
Return On Capital Employed(%) |
41.71 |
40.88 |
27.51 |
|
Return On Net Worth(%) |
39.14 |
35.35 |
20.38 |
LOCAL AGENCY
FURTHER INFORMATION
BUSINESS
Subject is incorporated to carry on the business of Export, Import and
General Merchants and to act as brokers, dealers, manufacturers and agents in and
about the business of growing, producing, manufacturing, buying, selling,
importing and exporting merchandise yarn and machinery and also to carry on and
conduct the business of machinery exports and of machinery contractors and the
business of surveyors, valuers and fire assessors in all their branches.
Subject is also acts as engineers and contractors.
The company is one of the leading construction companies undertaking
Pilling, Civil, Structural, Steel Works, Mechanical Fabrication and Erection, M.S. Piping Works and Electrical
Works for major projects like process Engineering, Heavy industries,
Infrastructure, Environmental, fertiliser, Steel, Cement, Refineries,
Petrochemicals, Power, Sugar, Road and Bridges, Pre-Stessed Concete Sleepers,
Water Treatment.
Special Field
Activity
All types of civil engineering works like: Runways, Roadways, Bridges,
Aqueducts, Dams Weirs, Power Stations, RCC Chimneys, Coal Handling Plants,
Cement Plants, Sugar Plants, Foundations, Factories, Silos, Shell Structures,
Cooling Towers, Muti-stories Building, Water Towers, Turnkey Water Treatment
Plants, etc.
Investigation and Surveys, Project Reports, Planning, Engineering,
Design, Engineering Drawing, Consultancy Services for structural and civil
engineering
Material Handling Equipment likes Conveyors systems on turnky basis.
Mechanical Engineering - Specialised in Machinery Erection and Process
Piping
Pilling and Foundation Engineering
Textile - Nirmar Textiles Limited Organisation
Vegetable Oil and Soap - Shree Jagdish Oil
Industries Limited, Porbunder
Railway RCC Sleeper Factory, Raygada, Orissa
Review of Operations:
Procurement and execution of jobs have been much better than previous
year resulting in increased turnover and profitability.
Subsidiary Companies:
As required under
Section 212 of the Companies Act, 1956the Audited Statement of Annual Accounts
and Reports of the Subsidiary Company for the financial year 2006-2007 is
annexed. However, the accounts of The Jaipur Udyog Limited ., for the financial
year 2006-2007 are still under finalisation and audit, hence they could not be
annexed hereto. The production of this Unit could not start due to prolonged
legal proceedings and continued labour trouble.
Auditors' Report:
As regards the
observations of the Auditor most of them are informative and their Report also
contains comments offered by the Company. The note forming part of the annual
accounts also adequately deal with their remarks and provide the required
explanations.
Directors:
Shri N.D. Saraf and Shri
K.M. Morarka retire by rotation at the ensuing Annual General Meeting and being
eligible offer themselves for re-appointment.
The Board in its meeting held on 13th March, 2007 inducted Shri Sachit Baran
Sarkar as an Additional Director and he has been appointed as
Whole-time-Director and designated as Executive Director for a period of five
years.
As Additional Director he holds office upto the ensuing Annual General Meeting.
His appointment as Executive Director and payment of remuneration is subject to
approval of shareholders.
The Company has received a notice from a member informing his intention of
proposing the name of Shri Sarkar as a Director of the Company in the ensuing
Annual General Meeting.
Particulars of Employees:
The particulars of
employees in accordance with Companies (Particulars of Employees) Rules, 1975,
pursuant to provision of Section 217(2A) of the Companies Act, 1956, are
annexed.
Particulars of Conservation Of Energy,
Technology Absorption and Foreign
Exchange Earnings and Outgo:
The particulars of
conservation of Energy, Technology Absorption and Foreign Exchange Earnings and
Outgo, are annexed.
FIXED ASSETS
· Land and Building
· Plant and Machinery
· Equipments
· Vehicles
· Furniture and Fixtures
· Electrical Equipments.
WEBSITE DETAILS:-
History
From 1895, Mr. Henry
Gannon and Mr. J.H. Dunkerley were in business in India. They joined together
in 1918 to form the subject. In 1924, it was incorporated as a Private
Limited Company and the change in management from the previous one to the
present one took place in 1946. In 1948, it was converted into a Public
Limited Company.
Originally, the Company
activities were mainly in trading. Subject diversified into Civil Engineering in
the early thirties. Several bridges, roads and aqueducts including in-house
design for some of them were constructed during this period. Several airfields
were also constructed during the Second World War. Subject were one of the
earliest to adopt pre-stressed RCC construction when it came into vogue in the
early fifties.
In the eighties, when the thrust has been in the Industrial Projects, Subject
have risen to the demands of customers for their Fertiliser plants, Steel
plants, Cement plants, Refineries, Factory projects, Chimneys and the like.
Infrastructure works, for which they were pioneers till 1978, had to take a
back seat, as not much similar works were coming up after 1980. The Company has
also developed expertise in Mechanical fabrication and erection works in
Structural steel, piping and Erection of mechanical equipment from mid fifties.
Subject have their own piling division to cater for bored and driven RCC piles
of all diameters. From the seventies, the Company has started environmental engineering
works with facilities to take up turnkey projects of water treatment, sewage
treatment and effluent treatment. Subject have established a plant to
manufacture pre-stressed concrete sleepers for Railways in Rayagada (Orissa) in
1990.
It is a matter of
pride that with the valuable support, dedication and team work of their
committed team of employees, company has been able to maintain growth and
excellence in the performance during the past and in the year 2006-07.
In the current
business scenario Construction Industry is poised with high growth in the years
to come in various sectors like Power, Petrochemicals, Refinery, Cement, Sugar,
Textile, Bridges, Highways, Railways, Housing etc.
To participate in
the national growth of the construction industries and to meet the challenge of
competitive market, company has taken several initiatives to build a team of
happy and motivated professionals with a sense of organizational ownership.
Company's policy has
been always to provide good quality construction at competitive cost and earn
customer satisfaction which are two basic principles of their business. Company
interacts with its clients on regular basis at various levels.
Company is having a
well structured quality management system ensuring quality, safety, reliability
and controlled cost at every stage of construction with a view to enhance
customer satisfaction. With quality work in place, GDC has been awarded
ISO-9001 certification and accreditation from DNV.
Company is having
well organized Legal, Finance and Administrative departments at all Regional
Offices having competent and qualified executives guiding in all Legal,
Commercial, Administrative and financial matters with respect to statutory
requirements, internal control and also to meet corporate guidelines and
policies.
Occupational Health,
Safety and Environment policy have always remained company's priority while
working towards growth addition. Company is having well integrate team with
qualified and experienced executives at all levels with standard systems and
procedures as laid down in Company's ISO:9001-2000 standard which are
rigorously implemented at every stage of construction to ensure safety at work
places.
Human Resources/Man Power is the main stay and strength of the company. On its
part, the company has a policy for recruitment and training of fresh technical
and commercial staff to groom their talents and induct them in the company's
main stream of activity. Senior management team is working as role models by
imparting training to their team members and delegating job responsibility to
get optimum result. Sharing of knowledge and transparency in decision making is
vital part of management ethos, which we are trying to build in their company.
Company also makes
constant effort to sharpen the skills of existing employees for keeping them
abreast of latest developments in their respective fields through constant
exposure to top class training and participation in professional development
programmes.
Keeping in view the national
growth in the construction industries, the Executive Director of the company
has take initiative to develop further bonding and team work amongst its
employee through continual improvement in their emoluments, benefits and
amenities, thus elevating their position in the society and is determined to
bring the growth of the company to a greater height so as to be one among the
leading construction companies in the country through commitment to execute the
works within schedule time, with utmost quality, at competitive cost, earning
customers' good will and total satisfaction.
PROJECTS:-
· Iron Steel and Other Metal
· Cement Industry
· Textile Industry
· Power Plant and Allied Works
· Refineries and Petro Chemical Industry
· Chemical and Fertilizer Industry
· Other Industries
· Building Works
Material Handling
Division
The Subject transport conveyor solution is a robust
system designed to transfer out bound baggage from terminal to tarmac and
inbound baggage back again. Subject provided reliable and economically designed
conveyor system to suit airport's architectural design in compliance with
international standard and safety regulations.
Subject conveyor system includes the following components:
i) Straight belt conveyor
ii) Slat type conveyor
iii) Curve belt conveyor
iv) Powerised/ non potheyrised roller conveyor
Airports must always be able to totally rely on Gannon's baggage handling system. And keep relying on it to keep operational shutdown to the absolute minimum, redundancy can be built into the system. Power maintenance is also essential. That is why they offer after sales service tailored to the requirement of each individual customer.
With subject, reliability comes first. And this is the key to the exceptionally
competitive lifecycle costs of their system.
Registration of Construction Contractors
Subject is one of the oldest and leading construction companies engaged
in construction of large civil works for Power Plants, Steel Plants Refineries,
Cement Plants, Sugar Mills etc. and infrastructure projects like Railway lines,
Highways, Bridges, Multistorey building etc.
The company invites applications for empanelment from reputed contracting firms
which gave successfully completed individual work/works of value not less than
Rs.20.000 millions in the following areas:-
· Earth work and Culverts
· Major and Minor Bridges
· Roads and Highways 2
· Railway Track Works
· Multistorey building/Industrial Structures
· Other Miscellaneous Civil Engineering Works
· Structural Fabrication and Erection works
Interested Contractors may apply for Registration with their detailed
credentials to their Administration Department. They may also indicate the
Maximum and minimum value of works in which they would like to participate. The
detailed credentials to be submitted should include the following information:-
Category of work/works for which they wish to be considered (Mention one
or more out of the 6 categories of works listed above)
· Preference of state/ states for working
· Annual Turnover data for the last 3 years
· List of similar works successfully completed during the last 7 years (ending 31-3-2006) and works in hand indicating Scope of Work, Location, completion cost and time, Actual date of Completion and Name of the client.
· List of Plant, Machinery and equipment owned
· List of key personnel with their Bio-data
· Experience Certificates issued by clients for similar works
Contractors who have worked earlier with the company or are presently working
are also required to submit fresh application in the above manner for
considering their names in the list of pre-qualified contractors.
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 |
|
US Dollar |
1 |
Rs.45.77 |
|
UK Pound |
1 |
Rs.80.67 |
|
Euro |
1 |
Rs.64.20 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
|