|
Report Date : |
06.12.2012 |
|
|
|
Country |
|
|
Company Name |
Dynamic Orbits Advisory Private Limited |
Principal Name 1 |
Mr. Bajranglal Bajaj |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nitesh Mangilal Porwal |
|
|
|
Registration # |
11-101720 |
|
Street Address |
1002, 10th
Floor, B-Wing, Aster Tower, Vasant Valley – II, Off General A.K. Vaidya Marg,
Malad (East), Mumbai – 400097, Maharashtra, India |
||
|
Established Date |
08.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-22-66715431/35 |
Business Style 1 |
Distribution |
|
Fax # |
91-22-66715434 |
Business Style 2 |
Sourcing |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
Not Available |
Product Name 2 |
Polymers |
|
Paid up capital |
Rs.9,000,000/- |
Product Name 3 |
Specialty Products |
|
Shareholders |
Bodies corporate -4.40%, Directors or relatives of
directors- 95.60% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
Dynamic Orbits Consultants Private Limited: |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
50,618,000 |
Current Liabilities |
11,008,000 |
|
Inventories |
9,733,000 |
Long-term Liabilities |
36,051,000 |
|
Fixed Assets |
4,831,000 |
Other Liabilities |
1,301,000 |
|
Deferred Assets |
267,000 |
Total Liabilities |
48,360,000 |
|
Invest& other Assets |
344,000 |
Retained Earnings |
8,433,000 |
|
|
|
Net Worth |
17,433,000 |
|
Total Assets |
65,793,000 |
Total Liab. & Equity |
65,793,000 |
|
Total Assets (Previous Year) |
66,581,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Income from Operations) |
156,832,000 |
Net Profit |
33,000 |
|
Sales(Previous yr) Income from Operations |
128,338,000 |
Net Profit(Prev.yr) |
512,000 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC ORBITS ADVISORY
PRIVATE LIMITED (w.e.f. 24.06.2004) |
|
|
|
|
Formerly Known
As : |
BRAJESHWAR
INVESTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1002, 10th
Floor, B-Wing, Aster Tower, Vasant Valley – II, Off General A.K. Vaidya Marg,
Malad (East), Mumbai – 400097, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.08.1996 |
|
|
|
|
Com. Reg. No.: |
11-101720 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1996PTC101720 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD11401F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4731G |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Trading of Chemicals, Advisory Services and Commission Incomes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 70000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Financial
position of the company is improving. Trade relations are reported as fair. Business
is active. Payments are reported to be slow but correct. The company can be considered for 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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.
LOCATIONS
|
Registered Office: |
1002, 10th
Floor, B-Wing, |
|
Tel No.: |
91-22-66715431/35 |
|
Fax No. ; |
91-22-66715434 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head / Delhi Office: |
1G, First Floor, |
|
Tel. No.: |
91-11-43558000 to 8030/4355 7711 |
|
Fax No.: |
91-11-43558024/ 43557718/ 41520524 |
|
E-Mail : |
|
|
Area : |
2500 Sq. Feet |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
3rd Floor, |
|
Tel. No.: |
91-22-66377000 |
|
Fax No. : |
91-22-66377017 |
|
E Mail : |
|
|
|
|
|
Mumbai Office : |
4th Floor, Silver Meropoils Building, Jai Coach Components,
Opposite Bimbisar Nagar, Goregaon (East), Mumbai – 400063, Maharashtra, India
|
|
Tel. No.: |
91-22-65342589 |
|
Fax No.: |
91-22-26858076 |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Bajranglal Bajaj |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B – 307, Yojana
Vihar, Delhi – 110092, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.09.1965 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
FCA, FCS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.07.2004 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00041909 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
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|
|
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|
Name : |
Mr. Nitesh Mangilal Porwal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C/o Sudhir M. Jain, Parsi Chawl, Madhav Bhuvan, Opposite Western
Railway, Workshop, Lower Parel, Mumbai – 400013, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.12.1978 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.07.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02292709 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Name : |
Mr. Anand Rathi |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Kalp Taru
Horizon, 274 A, 27th Floor, S. K. Ahire Marg, Near Doodarshan
Kendra, Worli, Mumbai – 400025, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.06.1946 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
FCA |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.10.2005 |
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|
DIN No.: |
00112853 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares (Equity) |
|
|
|
|
|
B L Bajaj |
|
60000 |
|
Amit Capital and Securities Private Limited, |
|
8802 |
|
Anand Rathi |
|
131198 |
|
|
|
|
|
Total |
|
200000 |
|
|
||
|
Names of Shareholders |
|
No. of Shares (Preference) |
|
|
|
|
|
Amit Rathi |
|
350000 |
|
Anand Rathi, Karta of Anand Rathi HUF
|
|
350000 |
|
|
|
|
|
Total |
|
700000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
4.40 |
|
Directors or relatives of directors |
|
95.60 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Chemicals, Advisory Services and Commission Incomes. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of India Electric House Branch, Electric House, B.E.S.T. Marg, Colaba, Mumbai – 400001, Maharashtra, India · HDFC Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lochan and
Company Chartered
Accountants |
|
Address : |
F–209/4, |
|
Tel. No.: |
91-11-43036699/ 22374230 |
|
Mobile No.: |
91-9910952969 |
|
PAN No.: |
AAIPK8554H |
|
E-Mail : |
rkhater209@yahoo.com |
|
|
|
|
Joint Venture : |
· Reach Law Environment Dynamic Private Limited |
|
|
|
|
Associates : |
· Anand Rathi Capital Advisors Private Limited |
|
|
|
|
Subsidiaries : |
· Dynamic Orbits Consultants Private Limited CIN No.: U74140DL2010PTC206594 |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
900000 |
|
|
|
|
|
Total |
|
Rs.9.000 Millions |
Disclosure Pursuant to Note No.6 (A)of Part I of Schedule VI to the
company Act, 1956
|
Reconciliation of Shares |
Equity Shares |
|
|
|
Numbers |
(Rs. In
Millions) |
|
|
|
|
|
Shares outstanding at the beginning of the
year |
200000 |
2.000 |
|
Shares issued during the year |
-- |
-- |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
200000 |
2.000 |
The company does note any holding company
Disclosure pursuant to note no.6 (A) (g) of part I of Schedule VI to the
companies Act, 1956 (Particulars of Shareholders holding more than 5%
shares)
|
Name of Shareholders |
31.03.2012 |
|
|
|
No of shares
held |
% of Holding |
|
Equity Shares |
|
|
|
Mr. Bajrang Lal Bajaj |
60000 |
30% |
|
Mr. Anand Rathi |
131198 |
66% |
|
Others |
8802 |
4% |
|
Total |
200000 |
100% |
|
|
|
|
|
Preference Shares |
|
|
|
Mr. Anand Rathi HUF (Karta – Anand Rathi) |
350000 |
50% |
|
Mr. Amit Rathi |
350000 |
50% |
|
Total |
700000 |
100% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.000 |
9.000 |
9.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
8.433 |
8.400 |
7.889 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17.433 |
17.400 |
16.889 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.651 |
13.998 |
0.979 |
|
|
2] Unsecured Loans |
8.400 |
21.090 |
10.540 |
|
|
TOTAL BORROWING |
36.051 |
35.088 |
11.519 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
53.484 |
52.488 |
28.408 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.831 |
4.954 |
3.880 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.344 |
0.099 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.267 |
0.208 |
0.166 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.733
|
11.854 |
5.887
|
|
|
Sundry Debtors |
31.449
|
33.281 |
16.697
|
|
|
Cash & Bank Balances |
10.043
|
7.654 |
1.783
|
|
|
Other Current Assets |
6.107
|
6.887 |
4.782
|
|
|
Loans & Advances |
3.019
|
1.644 |
4.150
|
|
Total
Current Assets |
60.351
|
61.320 |
33.299 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
9.922
|
10.026 |
5.153
|
|
|
Other Current Liabilities |
1.086
|
2.248 |
3.025
|
|
|
Provisions |
1.301
|
1.819 |
0.759
|
|
Total
Current Liabilities |
12.309
|
14.093 |
8.937
|
|
|
Net Current Assets |
48.042
|
47.227 |
24.362
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
53.484 |
52.488 |
28.408 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales & Income from Operations |
156.832 |
128.338 |
64.485 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
0.741 |
2.135 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.229 |
0.660 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.033 |
0.512 |
1.475 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods |
0.533 |
0.000 |
0.000 |
|
|
|
Advisory and Commission Income |
18.542 |
18.115 |
14.961 |
|
|
TOTAL EARNINGS |
19.075 |
18.115 |
14.961 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import on Trading Goods |
78.978 |
69.194 |
18.550 |
|
|
TOTAL IMPORTS |
78.978 |
69.194 |
18.550 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.04 |
2.56 |
7.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
1.12 |
5.74
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.04 |
0.13
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.77
|
2.83 |
1.21
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.90
|
4.35 |
3.73
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 three years |
Yes |
|
12] |
Profitability for last three 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 |
Yes |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from 4th
Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar, Goregoan
(East), Mumbai – 400 063, Maharashtra to the present address w.e.f.
20.12.2010.
REVIEW OF
OPERATIONS:
During the
year operations were quite satisfactory, company achieved a growth of 23% in
top line. Company has made significant investment in Business Development
activities like participation in exhibitions, frequent travels and hiring
experienced people. This has resulted in significant increase in expenses
however in the long run these efforts will create a solid platform for future
growth.
FORM 8
|
Corporate
identity number of the company |
U67120MH1996PTC101720 |
||||||||||||
|
Name of the
company |
DYNAMIC ORBITS ADVISORY
PRIVATE LIMITED |
||||||||||||
|
Address of the
registered office or of the principal place of business in |
1002, 10th
Floor, B-Wing, E-Mail: swadeshagrawal@rathi.com |
||||||||||||
|
This form is for |
Modification of
charge |
||||||||||||
|
Charge
identification number of the modified |
10010426 |
||||||||||||
|
Type of charge |
Book Debts Movable Property |
||||||||||||
|
Particular of
charge holder |
Bank of Electric House Branch, Electric House, B.E.S.T. Marg, Colaba, Mumbai – 400 001, Maharashtra, India |
||||||||||||
|
Nature of
description of the instrument creating or modifying the charge |
(1) Supplemental
deed of hypothecation for cash credit against stock and book debts limit of
Rs.25.000 millions, (2) Supplemental
deed of hypothecation for letter of credit (foreign) DP / DA 90 days’ buyer's
credit limit of Rs.35.000 millions. |
||||||||||||
|
Date of
instrument Creating the charge |
28.05.2011 |
||||||||||||
|
Amount secured by
the charge |
Rs.60.000
millions |
||||||||||||
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: Cash credit
against stock and book debts facility: interest @ 3.50% over base rate i.e.
13.50% P.a. Letter of credit
(foreign) (DP/DA 90 days) buyer's credit facility as per existing guidelines. Terms of
Repayment: On demand Margin: As per sanction
terms. Extent and
Operation of the charge: to secure an
aggregate amount of Rs.60.000 millions granted by the bank to the company as
under :-
|
||||||||||||
|
Short particulars
of the property charged |
The borrower
hypothecates by way of first charge in
favour of the bank :- (1) All tangible
movable machinery and plant, both present and future whether installed or not
and whether lying loose or in cases at site or in transit. (2) All tangible
movable property and assets particularly imports of sea frozen foods,
chemicals, etc. both present and future and all stocks of raw materials,
finished and semi finished goods, spare parts, components (including spare
parts and stores relating to plant and machinery both present and future) and
stocks in process of the borrower situate at Purna Village, Godown No.3,
Bhiwandi Thane or wheresoever’s situate or in transit. (3) All the
present and future book debts, outstanding, money receivables, claims, bills
which are now due and owing or which may at any time hereafter during the
continuance of this security become due and owing to the borrower in the
course of its business by any person, firm, company or body corporate or by
the central government or any state government or any government department
or office or any municipal or local or public or semi governmental body or
authority or anybody corporate or undertaking or project whatsoever. |
||||||||||||
|
Date of latest
modification prior to the present modification |
09.12.2009 |
||||||||||||
|
Particulars of
the present modification |
The total fund
based and non fund based limit has enhanced from Rs.35.000 millions to
Rs.60.000 millions as under:-
|
FIXED ASSETS:
v Office Equipment
v Furniture and Fixture
v Motor Car
v Computers
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.54.56 |
|
|
1 |
Rs.87.90 |
|
Euro |
1 |
Rs.71.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
33 |
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.