MIRA
INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEVELOPMENT CONSULTANTS PRIVATE LIMITED |
|
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Registered
Office : |
24, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
13.05.1970 |
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Com. Reg. No.: |
21-27727 |
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Capital
Investment / Paid-up Capital : |
Euro 187200 |
|
|
|
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CIN No.: [Company Identification
No.] |
U45201WB1970PTC027727 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALD00187F |
|
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|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Provider of Engineering Consultancy Services |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Euro 1614922 |
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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 company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be correct and as per commitments. The company can be considered good for normal 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 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
24, |
|
Tel. No.: |
91-33-22267601 / 7602 / 7604 / 22497603 / 7604 / 7609 / 7610 / 7612 / 22492239
/ 2340 / 2897 / 3338 / 40124500 |
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Fax No.: |
91-33-22492239 / 2340 / 2897 / 3338 / 40124545 |
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E-Mail : |
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Website : |
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Branch Office : |
Development Consultants House, DG 4, Sector 2 |
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Tel. No.: |
91-33-40125000 / 5300 |
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Fax No.: |
91-33-40124545 / 22492340 |
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|
Branch Office : |
Located at ·
·
Mumbai ·
Chennai ·
Vadodara |
|
|
|
|
Overseas Office : |
Located at ·
·
|
DIRECTORS
As on 30.09.2010
|
Name : |
Ms. Shanta Ghosh |
|
Designation : |
Director |
|
Address : |
P-506A, |
|
Date of Birth/Age : |
10.10.1953 |
|
Date of Appointment : |
16.04.2008 |
|
Election
Commission Identity Card No. : |
AELPG2209N |
|
DIN No. : |
01560559 |
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|
|
|
Name : |
Mr. Anil Chandra Banerjee |
|
Designation : |
Director |
|
Address : |
BE 284, Sector I, |
|
Date of Birth/Age : |
27.06.1926 |
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Date of Appointment : |
16.04.2008 |
|
DIN No. : |
00580362 |
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|
|
|
Name : |
Mr. Ganesh Charan Nundy |
|
Designation : |
Managing Director |
|
Address : |
Balaka 64, |
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Date of Birth/Age : |
05.09.1933 |
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Date of Appointment : |
16.04.2008 |
|
Election Commission Identity Card No. : |
WB/23/152/609174 |
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DIN No. : |
01624589 |
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|
|
|
Name : |
Mr. Subir Kumar Dasgupta |
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Designation : |
Whole Time Director |
|
Address : |
Merlin Twins, Flat No. 2C, Block – II, 325/1, |
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Date of Birth/Age : |
30.06.1935 |
|
Date of Appointment : |
01.07.2003 |
|
Election Commission Identity Card No. : |
ADDPD8523F |
|
DIN No. : |
00580409 |
|
|
|
|
Name : |
Mr. Jatis Chandra Chakrabarti |
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Designation : |
Whole Time Director |
|
Address : |
76A, |
|
Date of Birth/Age : |
01.02.1927 |
|
Date of Appointment : |
03.01.1997 |
|
Election Commission Identity Card No. : |
WB/23/152/516502 |
|
DIN No. : |
01571003 |
|
|
|
|
Name : |
Mr. Rabindra Nath Basu |
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Designation : |
Whole Time Director |
|
Address : |
326A, |
|
Date of Birth/Age : |
30.11.1936 |
|
Date of Appointment : |
03.08.2001 |
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DIN No. : |
01520913 |
|
|
|
|
Name : |
Mr. Sandip Kumar Ghosh |
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Designation : |
Whole Time Director |
|
Address : |
40B, |
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Date of Birth/Age : |
01.02.1949 |
|
Date of Appointment : |
03.01.1997 |
|
Election Commission Identity Card No. : |
WB/23/152/651507 |
|
DIN No. : |
01624097 |
|
|
|
|
Name : |
Mr. Dip Kumar Das |
|
Designation : |
Director |
|
Address : |
W2B-21/5, Golf Green, Phase – III, Kolkata – 700 095, West |
|
Date of Birth/Age : |
20.12.1947 |
|
Date of Appointment : |
21.08.1999 |
|
Election Commission Identity Card No. : |
WB/23/150/327296 |
|
DIN No. : |
01785718 |
|
|
|
|
Name : |
Mr. Iqbal Ali Mukaddam |
|
Designation : |
Whole Time Director |
|
Address : |
2, |
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Date of Birth/Age : |
25.05.1943 |
|
Date of Appointment : |
21.08.1999 |
|
Election Commission Identity Card No. : |
MT/04/019/288757 |
|
DIN No. : |
00580712 |
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|
|
|
Name : |
Mrs. Bharati Dutt |
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Designation : |
Whole Time Director |
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Address : |
P-506A, |
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Date of Birth/Age : |
28.05.1928 |
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Date of Appointment : |
16.04.2008 |
|
Election Commission Identity Card No. : |
WB/23149/444316 |
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DIN No. : |
01661353 |
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|
|
|
Name : |
Mr. Arun Kumar Guha |
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Designation : |
Director |
|
Address : |
|
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Date of Birth/Age : |
13.12.1938 |
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Date of Appointment : |
03.01.1997 |
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Election Commission Identity Card No. : |
WB/23/149/327008 |
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DIN No. : |
01846716 |
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|
|
|
Name : |
Mr. Keshab Chandra Das |
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Designation : |
Whole Time Director |
|
Address : |
41, |
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Date of Birth/Age : |
01.02.1929 |
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Date of Appointment : |
21.08.1999 |
|
Election Commission Identity Card No. : |
KNH6707095 |
|
DIN No. : |
01600557 |
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|
|
|
Name : |
Mr. Amalendu Dasgupta |
|
Designation : |
Co-Chairman |
|
Address : |
559, Block – N, New Alipore, Kolkata – 700 053, West |
|
Date of Birth/Age : |
14.05.1941 |
|
Date of Appointment : |
16.08.2002 |
|
DIN No. : |
00580880 |
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|
|
|
Name : |
Mr. Jiban Kumar Chaudhury |
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Designation : |
Director |
|
Address : |
Sundowners Co-Operative Housing Society, Flat No. 118, DB-11, Sector –
I, |
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Date of Birth/Age : |
10.04.1946 |
|
Date of Appointment : |
22.04.2005 |
|
Election Commission Identity Card No. : |
JKN3729837 |
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DIN No. : |
01513500 |
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|
|
|
Name : |
Mr. Amar Ranjan Ghosal |
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Designation : |
Whole Time Director |
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Address : |
Nothern Apartments, Flat 4B, 37/4B, Northern Avenue, Kolkata – 700
030, West |
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Date of Birth/Age : |
14.09.1947 |
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Date of Appointment : |
16.04.2008 |
|
Election Commission Identity Card No. : |
WB/22/160/342574 |
|
DIN No. : |
02175761 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Bharati Dutt |
|
44223 |
|
Shanta Ghosh |
|
62252 |
|
S C Dutt and Associates (Engineers) Private Limited, |
|
13325 |
|
Ganesh Charan Nundy |
|
200 |
|
Total |
|
120000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
11.10 |
|
Directors
or relatives of directors |
|
88.73 |
|
Other
top fifty shareholders |
|
0.17 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of Engineering Consultancy Services |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· IDBI Bank Limited IDBI House, 44, Shakespeare Sarani,
Kolkata – 700 017, West · UCO Bank Flagship Corporate Branch, 2, · Indian Overseas Bank · Oriental Bank of Commerce ·
Bharat Overseas Bank Limited, 3 B, lal · Standard Chartered Bank ·
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
N Chaudhuri and Company Chartered Accountant |
|
Address : |
10, |
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Tel. No.: |
91-33-22485991 / 22489899 |
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Fax No.: |
91-33-22489899 |
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|
|
|
Subsidiaries : |
·
Data Core ( CIN - U72200WB1992PTC055395 ·
D C Properties Private Limited CIN - U70101WB1981PTC034201 ·
CIN - U72900WB1996PTC076522 ·
DC Industrial Plant Services Private Limited CIN - U45202WB1983PTC036391 ·
D I Laboratories Limited CIN - U24239WB1986PLC041034 ·
Kontest Chemicals Limited CIN - U24119WB1972PLC028446 ·
Development Consultants International Limited
Hongkong ·
Development Consultants International Limited ·
Data Core Systems Inc. ·
The Kuljian Corporation ·
AMDC Inc. |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
480000 |
Equity Shares |
1.56 Euro each |
748800 |
|
20000 |
Preference Shares |
1.56 Euro each |
31200 |
|
|
|
|
|
|
|
Total |
|
780000 |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
120000 |
Equity Shares |
1.56 Euro each |
187200 |
FINANCIAL DATA
[all figures are
in Euro]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
187200 |
187200 |
187200 |
|
|
2] Share Application Money |
000 |
000 |
000 |
|
|
3] Reserves & Surplus |
7887413 |
7262502 |
6695787 |
|
|
4] (Accumulated Losses) |
000 |
000 |
000 |
|
|
NETWORTH |
8074613 |
7449702 |
6882987 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2952514 |
3539622 |
3679093 |
|
|
2] Unsecured Loans |
000 |
39504 |
127108 |
|
|
3] Deferred Payment Credits |
30907 |
57799 |
101452 |
|
|
TOTAL BORROWING |
2983421 |
3636925 |
3907653 |
|
|
DEFERRED TAX LIABILITIES |
293453 |
287078 |
255656 |
|
|
|
|
|
|
|
|
TOTAL |
11351487 |
11373705 |
11046296 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7128930 |
7150806 |
7040431 |
|
|
Capital work-in-progress |
496964 |
481629 |
437724 |
|
|
|
|
|
|
|
|
INVESTMENT |
697415 |
697415 |
697415 |
|
|
DEFERREX TAX ASSETS |
000 |
000 |
000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Work in Progress |
351562
|
429687 |
468750 |
|
|
Sundry Debtors |
1939086
|
2575025 |
2738059 |
|
|
Cash & Bank Balances |
2067866
|
1928875 |
1790338 |
|
|
Other Current Assets |
612627
|
683545 |
271902 |
|
|
Loans & Advances |
3667687
|
3300663 |
2371062 |
|
Total
Current Assets |
8638828
|
8917795 |
7640111 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2999408
|
2692775 |
3112553 |
|
|
Other Current Liabilities |
2402873
|
2929973 |
1505352 |
|
|
Provisions |
208062
|
250885 |
167171 |
|
Total
Current Liabilities |
5610343
|
5873633 |
4785076 |
|
|
Net Current Assets |
3028485
|
3044162 |
2855035 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
000 |
000 |
000 |
|
|
Others |
(307) |
(307) |
15691 |
|
|
|
|
|
|
|
|
TOTAL |
11351487 |
11373705 |
11046296 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income on Contract |
15627312 |
13463890 |
9661296 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2036734 |
1624125 |
1159546 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
713969 |
664797 |
287437 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1322765 |
959328 |
872109 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.02 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.91
|
10.10 |
7.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.21 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.06
|
1.27 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53
|
1.51 |
1.59 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
The Registered Office
of the company has been shifted from 24 B,
OPERATION REVIEW
The overall
industrial scenario of the Country had started to change and the Company is receiving
quite a good number of jobs in almost all fields of its activity.
The directors
assure that if the present trend continues, the Company will also continue to
have steady growth. Total value of the jobs bagged by the Company during the
year exceeds Euro 23437500.
FORM 8
|
Corporate identity number of the company |
U45201WB1970PTC027727 |
|
Name of the company |
DEVELOPMENT CONSULTANTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
24, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
80052971 |
|
Type of charge |
Book debts |
|
Particular of charge holder |
UCO Bank Flagship Corporate Branch, 2, |
|
Nature of instrument creating charge |
1.
Deed of hypothecation of book debts etc. to
secure demand cash credit. 2.
Agreement for extension of charge by way of
hypothecation over current assets to secure non-fund based facilities. |
|
Date of instrument Creating the charge |
19.04.2011 |
|
Amount secured by the charge |
Euro 1562500 |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate Of Interest At BPLR which is at present 13.75% p.a. With monthly rests subject to
change by the bank/RBI from time to time. Terms of Repayment Repayable on demand. Margin 25% Extent and Operation of the charge Exclusive first charge in favour of UCO bank, Flagship Corporate
Branch, 2, |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
Hypothecation of all present and future book
debts, outstanding moneys, receivables, claims etc. Including in particulars
but without prejudice to the generality of the foregoing and.... ·
To be furnished by the borrower to the bank from
time to time all sums due or to become due hereafter to the borrower from
their customers ... ·
And the govt. Of |
|
Particulars of the present modification |
By this modification the overall credit facilities has been
realigned/revised to Euro 1562500 comprising of: Cash Credit : Euro
1093750 Bank Guarantee : Euro 468750 All other terms, conditions and assets charged as security remain
unaltered. |
FIXED ASSETS
·
Land and Building
·
Furniture
·
Plant and Machinery
WEB DETAILS
Company Profile
Subject is a transnational engineering conglomerate with over 5000
employees and 1000+ major engineering projects completed in 50 countries over it's
60 years of adherence to engineering excellence and technological innovation.
In
The foundation of this far-reaching organization was laid by its Founder and
Chairman over it's first fifty years, Dr. Sadhan C. Dutt. The
·
To offer services of the highest quality to ensure
customer satisfaction.
·
To achieve continuous self improvement through
research and development, training and human resource development.
·
To meet social objectives by seeking the highest
standard of business ethics, ensuring a harmonious work environment and working
for the welfare of the community.
BOARD OF DIRECTORS
Ms. Shanta Ghosh,
Chairperson
She has a bachelor's degree in Architecture from
Anil Chandra
Banerjee, Co-Chairman
Bachelor of Mechanical Engineering from
G. C. Nundy, Vice
Chairman and Managing Director
Bachelor of Mechanical Engineering from Jadavpur Univesity,
Subir Dasgupta,
Vice Chairman (Technical)
Bachelor of Electrical Engineering from
J. C. Chakrabarti,
Jt. Managing Director
Bachelor of Mechanical Engineering from
R. N. Basu, Jt.
Managing Director
Bachelor of Civil Engineering from Bengal Engineering
College, Shibpur, West Bengal, India has a Diploma in Concrete Technology from
the University of Leeds, U.K. Has nearly 50 years experience with
specialization in development studies for new projects, dock and harbor engineering
and water front engineering. Present responsibilities include technology
development, control and administration of entire activities of the Civil and
Structural Division. Has been involved in development of project concepts, site
selection, layout and basic planning for all projects implemented by the
Company. Member,
Dip Kumar Das, Dy.
Managing Director
Bachelor of Electrical Engineering from
I. A. Mukaddam,
Dy. Managing Director
Bachelor of Mechanical Engineering, began his career with
Maharashtra State Electricity Board (MSEB). Has been with the Company since 1980
and heads the Mumbai Engineering office of the Company, which caters to the
clients in
Sandip Ghosh, Dy.
Managing Director
A Chartered Accountant by training, has experience of over 30
years in Finance. Responsible for Financial Planning, Control and Management of
the entire DC Group. Also, holds the positions of Director of Development
Consultants International Limited and Managing Director of KonTest Chemicals
Limited.
Mrs. Bharati Dutt,
Director
A graduate in Arts actively associated with various social
welfare organizations. Member, Board of Governors, "Economic and
Entrepreneurship Development Foundation" (EEDF), a Non-Profit-Making
organization in Kolkata, India; Patron Member of "We Care Welfare
Society" that raises mass awareness and help patients suffering from
Thalassemia and other blood related diseases; Committee Member, Nari Seva
Sangha, Kolkata; Trustee of Suresh Amiya Memorial Trust (SAMT) Kolkata and
Trustee of SHE.
Arun Kumar Guha,
Director
Joined subject after obtaining the degree of Bachelor of
Civil Engineering from
Keshab Chandra
Das, Director
Bachelor of Science from the
Dr. Amalendu
Dasgupta, Director
Did his Ph.D. from the
J. K. Chaudhury, Director
Joined the company after obtaining Bachelor of Electrical
Engineering from
Dr. A. R. Ghoshal,
Director
Bachelor of Chemical Engineering (Honours) from
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 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.44.29 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.00 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
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.