|
Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DBOI GLOBAL SERVICES PRIVATE LIMITED (w.e.f. 26.06.1985) |
|
|
|
|
Formerly Known
As : |
DB OPERATIONS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tower 2, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.12.2005 |
|
|
|
|
Com. Reg. No.: |
11-158278 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.554.555 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2005PTC158278 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Back Office Support Services |
|
|
|
|
No. of Employees
: |
Information Declined by Management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
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 11000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. Financial position
of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. Note: Latest profit
and loss a/c of the company is not available |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management Non – Corporative (91-22-71503000)
LOCATIONS
|
Registered Office : |
Tower 2, |
|
Tel. No.: |
91-22-67113000/67117070 |
|
Fax No.: |
91-22-671130996/67113558 |
|
E-Mail : |
|
|
|
|
|
Corporate Headquarter Office: |
Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-665584600 |
DIRECTORS
As on 18.08.2011
|
Name : |
Mr. Arindam Banerji |
|
Designation : |
Director |
|
Address : |
45 Frederick Road, Birmingham B15 1HN,
United Kingdom |
|
Date of Birth/Age : |
14.11.1964 |
|
Date of Appointment : |
23.12.2005 |
|
DIN No.: |
00091726 |
|
|
|
|
Name : |
Mr Richard Boyce Massey Gibb |
|
Designation : |
Additional Director |
|
Address : |
Flat 26A, Highcliff, 41D Stubbs Road, Hong
Kong, China |
|
Date of Birth/Age : |
12.01.1967 |
|
Date of Appointment : |
20.01.2011 |
|
DIN No.: |
03404020 |
|
|
|
|
Name : |
Mr. Martin Slumbers |
|
Designation : |
Director |
|
Address : |
Winfield,
The Warren, East Horsley, Leatherhead, Surrey, United
Kingdom |
|
Date of Birth/Age : |
19.03.1960 |
|
Date of Appointment : |
03.03.2006 |
|
DIN No.: |
02094091 |
|
|
|
|
Name : |
Mr. Gunit Chadha |
|
Designation : |
Director |
|
Address : |
181A, Maker Towers, Cuffe Parade, Mumbai – 400 005, Maharashtra, India
|
|
Date of Birth/Age : |
31.07.1961 |
|
Date of Appointment : |
03.03.2006 |
|
DIN No.: |
00078184 |
|
|
|
|
Name : |
Mr. Shrinath Bolloju |
|
Designation : |
Director |
|
Address : |
Flat No.54, Shangiri – LA Apartment, 27A Carmichael Road Mumbai – 400
026, Maharashtra, India |
|
Date of Birth/Age : |
30.03.1964 |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00990302 |
|
|
|
|
Name : |
Mr. Avinash Vasant Prabhu |
|
Designation : |
Additional Director |
|
Address : |
601 Shree Apartment Plot No.454, 15th Road
Khar (West), Opposite Khar Gymkhana, Mumbai – 400052, Maharashtra,
India |
|
Date of Birth/Age : |
07.11.1968 |
|
Date of Appointment : |
03.06.2011 |
|
DIN No.: |
02579026 |
|
|
|
|
Name : |
Ms. Sandhya Vasudevan |
|
Designation : |
Director |
|
Address : |
No. 34/35, Vakil Garden
City, Kanakapura Road, Bangalore-560062, Karnataka, India |
|
Date of Birth/Age : |
23.11.1961 |
|
Date of Appointment : |
03.06.2011 |
|
DIN No.: |
00372405 |
|
|
|
|
Name : |
Mr. Manoj Ram Awtar Yadav |
|
Designation : |
Alternate Director |
|
Address : |
704 B Wing, Phoenix Tower, Senapati Bapat
Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1969 |
|
Date of Appointment : |
03.06.2011 |
|
DIN No.: |
01742715 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod Gulabgir Goswami |
|
Designation : |
Secretary |
|
Address : |
No 25/3, Sree Rama, Lake Road, 6th F Cross,
Kaggdaspura, CV Raman Nagar, Bangalore -560093, Karnataka, India |
|
Date of Birth/Age : |
10.10.1978 |
|
Date of Appointment : |
25.07.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Deutsche Knowledge Services Private Limited – |
|
46505453 |
|
Deutsche Asia Pacific Holdings Private Limited - |
|
8949642 |
|
Deutsche India Holdings Private Limited – |
|
360 |
|
Total |
|
55455455 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Bodies corporate |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Back Office Support Services |
GENERAL INFORMATION
|
No. of Employees : |
Information Declined by Management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Floor. Apollo Mills Compound, N. M. Joshi Marg Mahalakshmi Mumbai -
400 011, Maharashtra India |
|
Tel. No.: |
91-22-39896000 |
|
Fax No.: |
91-22-39836000 |
|
PAN.: |
AAAFB9852F |
|
|
|
|
Ultimate Holding Company: |
Deutsche Knowledge AG and its Branches |
|
|
|
|
Holding Company : |
Deutsche Knowledge Services Private. Limited |
|
|
|
|
Fellow Subsidiary: |
·
Deutsche Securities (India) Private Limited ·
Deutsche Equities (India) Private Limited ·
Deutsche Trustee Services (India) Private Limited ·
Deutsche Asset Management (India) Private Limited ·
Deutsche India Holdings Private Limited ·
Deutsche Investments (India) Private Limited ·
Deutsche Investor Services Private Limited ·
Global Markets Centre Private Limited ·
RREEF India Advisors Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80450000 |
Equity Shares |
Rs.10/- each |
Rs.804.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55455455 |
Equity Shares |
Rs.10/- each |
Rs.554.555
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
554.555 |
554.555 |
554.555 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2290.794 |
1587.415 |
926.159 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2845.349 |
2141.970 |
1480.714 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2845.349 |
2141.970 |
1480.714 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
813.485 |
778.654 |
1078.674 |
|
|
Capital work-in-progress |
27.333 |
0.087 |
3.301 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
236.930 |
97.494 |
59.984 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
1979.641
|
1397.922
|
521.964 |
|
|
Cash & Bank Balances |
1113.989
|
1013.886
|
875.459 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
1376.528
|
1193.595
|
893.975 |
|
Total
Current Assets |
4470.158
|
3605.403
|
2291.398 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1688.829
|
1049.012
|
772.587 |
|
|
Other Current Liabilities |
789.333
|
1072.191
|
1104.620 |
|
|
Provisions |
224.395
|
218.465
|
75.436 |
|
Total
Current Liabilities |
2702.557
|
2339.668
|
1952.643 |
|
|
Net Current Assets |
1767.601
|
1265.735
|
338.755 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2845.349 |
2141.970 |
1480.714 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Service Income |
|
8405.102 |
8028.525 |
|
|
|
Other Income |
|
76.843 |
1.809 |
|
|
|
TOTAL (A) |
|
8481.945 |
8030.334 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Cost |
|
3897.919 |
3396.630 |
|
|
|
Administration and other Operating Expenses |
|
3541.535 |
3685.222 |
|
|
|
TOTAL (B) |
|
7439.454 |
7081.852 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
1042.491 |
948.482 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.018 |
95.159 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1042.473 |
853.323 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
371.980 |
375.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
670.493 |
477.755 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
9.237 |
42.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
661.256 |
435.355 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
676.214 |
240.859 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
1337.470 |
676.214 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
|
115.543 |
159.721 |
|
|
TOTAL IMPORTS |
|
115.543 |
275.264 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
11.92 |
12.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
7.80
|
5.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.98
|
5.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
15.29
|
14.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.31
|
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.95
|
1.09
|
1.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
1.54
|
1.17 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors Details:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Micro, Small and Medium Enterprise and
others |
0.000 |
0.000 |
0.000 |
|
Others |
1688.829
|
1049.012 |
772.587 |
|
Total |
1688.829
|
1049.012 |
772.587 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
Note:
The Registered Office of the company has been
shifted from Peninsula Corporate,
Background:
Subject was incorporated on 22.12.2005 as a private limited
company under the Companies Act, 1956. The principal shareholder of the Company
is Deutsche Knowledge Services Private Limited, a company incorporated in
DBOI has been formed with the objective of establishing a
global processing centre and is engaged in providing back office services / IT
enabled services to support various business lines of DB entities. The Company
is operating Software technology parks of
Fixed Assets:
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.55.80 |
|
|
1 |
Rs.87.66 |
|
Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
61 |
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.