1. Summary Information
|
|
|
Country |
|
|
Company Name |
ORKASH SERVICES PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish Sonal |
|
Status |
Small Company |
Principal Name 2 |
Mrs. Shilpa Sonal |
|
|
|
Registration # |
55-36557 |
|
Street Address |
No-1, |
||
|
Established Date |
22.01.2007 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Service Provider |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Market intelligence |
|
|
# of employees |
-- |
Product Name 2 |
Business assurance |
|
Paid up capital |
Rs.
750,000/- |
Product Name 3 |
Operational Risk management services |
|
Shareholders |
Bodies corporate (87.00%) Directors or
relatives of Directors (13.00%) |
Banking |
-- |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Nazlac Management Consultants Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
6,923,000 |
Current Liabilities |
488,000 |
|
Inventories |
000 |
Long-term Liabilities |
506,000 |
|
Fixed Assets |
4,192,000 |
Other Liabilities |
3,073,000 |
|
Deferred Assets |
000 |
Total Liabilities |
4,067,000 |
|
Invest& other Assets |
8,000 |
Retained Earnings |
6,306,000 |
|
|
|
Net Worth |
7,056,000 |
|
Total Assets |
11,123,000 |
Total Liab. & Equity |
11,123,000 |
|
Total Assets (Previous Year) |
5,948,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
26,072,000 |
Net Profit |
4,378,000 |
|
Sales(Previous yr) |
13,647,000 |
Net Profit(Prev.yr) |
1,623,000 |
MIRA
INFORM REPORT
|
Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
ORKASH SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No-1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
22.01.2007 |
|
|
|
|
Com. Reg. No.: |
55-36557 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140HR2007PTC036557 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKO01030B |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is a management consulting and high-technology services company
providing market intelligence, business assurance and operational risk
management services for the emerging markets. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 28000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. It’s scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered small to mediocre business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
No-1, |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
|
|
Tel. No.: |
91-124-4033773 |
|
Fax No.: |
91-124-4033553 |
DIRECTORS
As on 26.07.2010
|
Name : |
Mr. Ashish Sonal |
|
Designation : |
Director |
|
Address : |
House No.- 1, |
|
Date of Birth/Age : |
25.06.1966 |
|
Date of Appointment : |
22.01.2007 |
|
DIN No.: |
00387384 |
|
|
|
|
Name : |
Mrs. Shilpa Sonal |
|
Designation : |
Director |
|
Address : |
House No.- 1, |
|
Date of Birth/Age : |
06.08.1968 |
|
Date of Appointment : |
20.07.2007 |
|
DIN No.: |
01034757 |
|
|
|
|
Name : |
Mr. Vivek Aggarwal |
|
Designation : |
Director |
|
Address : |
999, Sector-16, Faridabad-121002, |
|
Date of Birth/Age : |
08.08.1975 |
|
Date of Ceasing: |
21.08.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.07.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ashish Sonal |
|
9900 |
|
Shilpa Sonal |
|
100 |
|
Nazlac Management Consultants Private Limited, |
|
65000 |
|
Total |
|
75000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
87.00 |
|
Directors or relatives of Directors |
13.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a management consulting and high-technology services
company providing market intelligence, business assurance and operational
risk management services for the emerging markets. |
GENERAL INFORMATION
|
Bankers : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Sanjiv Bahl Chartered Accountant |
|
Address : |
LGF- 78-79, |
|
|
|
|
Holding Company : |
Nazlac Management Consultants Private Limited, U74140HR2007PTC036558 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.750 Million |
|
20000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200 Million |
|
|
Total |
|
Rs. 0.950
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
75000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.750 Million |
||
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.750 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.306 |
1.928 |
0.304 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.056 |
2.028 |
0.404 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.506 |
1.376 |
1.576 |
|
|
TOTAL BORROWING |
0.506 |
1.376 |
1.576 |
|
|
DEFERRED TAX LIABILITIES |
0.343 |
0.172 |
0.077 |
|
|
|
|
|
|
|
|
TOTAL |
7.905 |
3.576 |
2.057 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.192 |
2.394 |
1.391 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.224 |
|
|
Cash & Bank Balances |
3.896
|
2.245 |
3.542 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3.027
|
1.297 |
0.663 |
|
Total
Current Assets |
6.923
|
3.542 |
4.429 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.262 |
0.231 |
|
|
Other Current Liabilities |
|
1.241 |
3.417 |
|
|
Provisions |
2.730
|
0.869 |
0.132 |
|
Total
Current Liabilities |
3.218
|
2.372 |
3.780 |
|
|
Net Current Assets |
3.705
|
1.170 |
0.649 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.008 |
0.012 |
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
7.905 |
3.576 |
2.057 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
26.072 |
13.647 |
6.450 |
|
|
|
Other Income |
|
0.274 |
NA |
|
|
|
TOTAL |
26.072 |
13.921 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
18.422 |
10.945 |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
18.422 |
10.945 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.650 |
2.976 |
0.850 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.226 |
0.516 |
0.336 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.424 |
2.460 |
0.514 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.046 |
0.837 |
0.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
4.378 |
1.623 |
0.304 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.928 |
0.304 |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.306 |
1.927 |
-- |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
24.530 |
10.795 |
6.384 |
|
|
TOTAL EARNINGS |
24.530 |
10.795 |
6.384 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
58.37 |
162.34 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
16.79
|
11.66 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
18.03 |
7.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
57.80
|
41.44 |
8.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.91
|
1.21 |
1.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.53
|
1.85 |
13.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
1.49 |
1.17 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
During the year, company has achieved the
turnover of Rs. 26.070 Millions in comparison to previous year turnover of Rs. 13.650
Millions. The profit of the company has increased as compared to last year. The
directors are optimistic about future.
Fixed Assets:
·
Computer
·
Electronic Equipments
·
Electrical Fittings
·
Motor Vehicles
·
Furniture and Fixtures
AS PER WEBSITE
Profile:
Subject is the pioneer in advocating intelligence-driven management as
the efficiency driver for the pursuit of new opportunities, particularly those
in emerging markets where the operating environments typically have a greater
degree of uncertainty and complexity.
Subject assists internationally active businesses pursuing opportunities in
south Asia, southeast Asia and south
They are a multi-services company with capabilities in a wide range of Industry
Sectors. The areas of work encompass the following domains
The Orkash team takes pride in being distinct in its capabilities and
value delivery. The distinctiveness is built on the following factors:
- the ability to provide accurate and timely intelligence, collected from
a large pool of primary and secondary information sources, across a wide
spectrum of knowledge domains, industries, and management functions
- the willingness to team with clients at the tactical and operations
execution level
- the specialist capabilities in information technology, which include
amongst others, advanced analytics, data mining and business intelligence, web
mining, search technologies, e-discovery and forensics, GIS, web2, and
enterprise management systems
- the willingness to step into crisis management role for the clients
The consultants are cross-trained in multiple knowledge domains and
technologies, allowing them to advise clients on wide ranging aspects relating
to their operations and the execution of their business strategy.
They build close relationships with the clients, with mandates that have built
in flexibility. This gives them the ability to respond dynamically to
opportunities on behalf of the clients
Leadership:
Ashish Sonal is the founder of Orkash. He has pioneered the
concept of integrating the fields of business intelligence, market
intelligence, competitive intelligence, and operational risk management through
the use of information technology based decision support platforms. This
approach creates robust efficiencies and resilience in the operations of a
company, particularly when facing new opportunities or risks. His vision and
leadership is a key driver for the business strategy of Orkash.
Ashish has extensively advised the senior management of Fortune 1000 Companies
in emerging markets covering their strategic business intelligence and risk
management requirements. His consulting experience ranges across private equity
and M and A, IT and offshoring, mining,
oil and gas, pharma and biosciences, real estate, retail, FMCG, and various
governmental and non-governmental organizations.
Prior to launching Orkash, Ashish was the country head in
Ashish personally leads ‘Orkash Labs’, the R andD and technology wing of
Orkash. He is currently involved with a number of initiatives to develop
enterprise level decision support systems for operational risk management,
competitive intelligence, and compliance management needs in global corporates.
Ashish’s expertise and interests encompass scenario gaming, artificial
intelligence and expert systems, game theory, geo-strategy, terrorism and cyber
forensics. Ashish has also been a frequent speaker in various international
forums.
Ashish did his MBA from the
Ashish is the recipient of the Indian wartime gallantry award, the Vir
Chakra. He is a published author and was awarded the Times fellowship for his
field research work covering the human element in terrorism and insurgency,
later published as a book.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.45.59 |
|
|
1 |
Rs.72.31 |
|
Euro |
1 |
Rs.60.73 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.