MIRA INFORM REPORT

 

 

 

 

Report Date :

10.07.2012

 

IDENTIFICATION DETAILS

 

Name :

DODSAL ENGINEERING AND CONSTRUCTION PTE. LIMITED

 

 

Formerly Known As :

DODSAL PTE LTD

 

 

Registered Office :

3 Anson Road #27-01 Springleaf Tower Singapore 079909

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2011 (Group)

 

 

Date of Incorporation :

19.08.1983

 

 

Com. Reg. No.:

198303983D

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Engineering Activities Nec

Engineering, Construction and Contracting Services

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company Name:

Registered Number:

DODSAL ENGINEERING AND CONSTRUCTION PTE. LIMITED

198303983D

 

Date Incorporated:

Registered Office:

Telephone Number:

19/08/1983

3 ANSON ROAD #27-01 SPRINGLEAF TOWER SINGAPORE 079909

NA

Age of Company:

Website:

Industry Type:

29

NA

CONSTRUCTION

 

Risk & Rating

 

Risk Dashboard

Credit Limit:

Days Beyond Terms

Trend:

No. of Litigation Counts:

Fairly Large

Company DTC:

NA

Credit Rating:

NA

 

The entity is paying current to the creditors

No. of Charges(s):
32

 

Industry DTC

 

33

 

Directors

 

Corporate Structure

Number of Current Directors

9

Holding Company:

DODSAL GROUP LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

DODSAL ENGINEERING AND CONSTRUCTION PTE. LIMITED

Registration No

:

198303983D

Date of Registration

:

19/08/1983

Former Name

:

1.DODSAL TECHNOLOGIES & CONSTRUCTION PTE. LTD. Eff. date : 19/08/1983 Eff. date : 19/08/1983

2.DODSAL PTE LTD Eff. date : 24/07/1987 Eff. date : 24/07/1987

Date of Change of Name

:

05/01/2007

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

3 ANSON ROAD #27-01 SPRINGLEAF TOWER SINGAPORE 079909

Date of Change of Address

:

06/08/2007

Registered Activities

:

ENGINEERING ACTIVITIES NEC

ENGINEERING, CONSTRUCTION AND CONTRACTING SERVICES

Issued Ordinary Capital*

:

$48,143,600.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 48,143,600

Paid-Up Ordinary Capital

:

$48,143,600.00 SINGAPORE, DOLLARS

* Number of Shares includes number of Issued Treasury Shares

Auditor

:

ERNST & YOUNG LLP

Bankers / Financiers

:

HSBC BANK MIDDLE EAST LIMITED

THE COMMERCIAL BANK OF QATAR (Q.S.C.)

DUBAI ISLAMIC BANK

EMIRATES NBD BANK PJSC, DUBAI

STANDARD CHARTERED BANK DUBAI

FIRST GULF BANK ABU DHABI

CALYON CORPORATE AND INVESTMENT BANK

EMIRATES BANK INTERNATIONAL PJSC

UNION NATIONAL BANK

NATIONAL BANK OF DUBAI

ARAB BANK PLC

MASHREQBANK PSC

ABU DHABI COMMERCIAL BANK

ABN AMRO BANK N.V. DUBAI

Turnover

:

SGD - SIN 792,639,376.00 (FY2011)

Net Worth

:

SGD - SIN 188,184,240.00 (FY2011)

No. of Bank Charges

:

32

S1000 / SME 1000 / FG50 Ranking

:

336 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2002/2003)

471 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2001/2002)

620 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2000/2001)

627 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (1999/2000)

554 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (1998/1999)

 

 

SHAREHOLDER DETAILS

 

NAME

:

DODSAL GROUP LIMITED

SHAREHOLDER ID

:

T07UF0317K

NATIONALITY

:

VIRGIN ISLANDS, BRITISH

ADDRESS

:

AKARA BUILDING, 24 DE CASTRO STREET, WICKHAMS CAY 1 P.O. BOX 3136 ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS

NO. OF ORD SHARES

:

48,143,600

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

SANJAY SHAILESH PAREKH

ADDRESS

:

VILLA D-6, OASIS COMPOUND, UMM SEQUIEM 3 DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

28/04/2010

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

482530014

 

NAME

:

TIONG HIN WON, ERIC

ADDRESS

:

28 LEONIE HILL #07-30 LEONIE TOWERS SINGAPORE 239227

POSITION

:

DIRECTOR

DATE OF APPT

:

31/12/1995

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0146842A

 

NAME

:

LEE SIEW JEE JENNIFER

ADDRESS

:

2 ENG KONG ROAD SINGAPORE 599081

POSITION

:

SECRETARY

 

DATE OF APPT

:

13/11/2000

 

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1336064B

 

NAME

:

SAMIR RAJEN KILACHAND

ADDRESS

:

VILLA NO. 9 MOHAMMAD JUMA SAEED AL NABOODAH VILLAS 353 UMM-SUQUEM, P.O. BOX 8034, DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

01/08/2006

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z1836732

 

NAME

:

NIKHIL RAJAN KILACHAND

ADDRESS

:

VILLA NO. 9 MOHAMMAD JUMA SAEED AL NABOODAH VILLAS 353 UMM-SUQUEM, P.O. BOX 8034, DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

01/08/2006

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z1836776

 

NAME

:

AMIT ARVIND UPLENCHWAR

ADDRESS

:

DUBAI MARINA, JUMEIRAH BEACH RESIDENCY, SADAP-2 APARTMENT NO. 3101, DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

28/04/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z1970126

 

NAME

:

PILAVULLATHIL KRISHNAN SURENDRAN

ADDRESS

:

FLAT NO. 407, AL SALAM RESIDENCE, COMMUNITY 317 STREET 5B, MANKHOOL, DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

28/04/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z2030650

 

NAME

:

RAMESH BHOOTRA

ADDRESS

:

UNIT 204, AL JAZ 1, GREENS DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

28/04/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z2060918

 

NAME

:

UDAY GANGADHAR DESHPANDE

ADDRESS

:

FLAT NO. 103, AL MUSSALLA TOWER, KHALID BIN AL WALEED ROAD BUR DUBAI, DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

28/04/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z2151183

 

NAME

:

RAJEN ARVIND KILACHAND

ADDRESS

:

VILLA NO 9 MOHAMMAD JUMA SAEED AL NABOODAH VILLAS 353 UMM-SUQUEM P.O. BOX 8034, DUBAI, UNITED ARAB EMIRATES

POSITION

:

DIRECTOR

DATE OF APPT

:

26/04/2003

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z2154358

 

 

KEY PERSONNEL PROFILE

 

Name:

AMIT ARVIND UPLENCHWAR

NRIC Number:

Z1970126

Available Address:

DUBAI MARINA, JUMEIRAH BEACH RESIDENCY, SADAP-2 APARTMENT NO. 3101, DUBAI, UNITED ARAB EMIRATES

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

DODSAL ENGINEERING AND CONSTRUCTION PTE. LIMITED

DIRECTOR

28/04/2010

-

-

2

DODSAL ENGINEERING AND CONSTRUCTION PTE. LIMITED

MANAGING DIRECTOR

01/03/2011

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 32 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201108598

 

Date of Registration

:

14/07/2011

 

Chargee

:

HSBC BANK MIDDLE EAST LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

2)

Charge No.

:

C201108332

 

Date of Registration

:

08/07/2011

 

Chargee

:

THE COMMERCIAL BANK OF QATAR (Q.S.C.)

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

3)

Charge No.

:

C201108331

 

Date of Registration

:

08/07/2011

 

Chargee

:

THE COMMERCIAL BANK OF QATAR (Q.S.C.)

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

4)

Charge No.

:

C201104741

 

Date of Registration

:

15/04/2011

 

Chargee

:

DUBAI ISLAMIC BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

5)

Charge No.

:

C201102519

 

Date of Registration

:

28/02/2011

 

Chargee

:

EMIRATES NBD BANK PJSC, DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

6)

Charge No.

:

C201012712

 

Date of Registration

:

29/12/2010

 

Chargee

:

STANDARD CHARTERED BANK DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

7)

Charge No.

:

C201012438

 

Date of Registration

:

21/12/2010

 

Chargee

:

FIRST GULF BANK ABU DHABI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

8)

Charge No.

:

C201011644

 

Date of Registration

:

01/12/2010

 

Chargee

:

HSBC BANK MIDDLE EAST LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

9)

Charge No.

:

C201011558

 

Date of Registration

:

30/11/2010

 

Chargee

:

THE COMMERCIAL BANK OF QATAR (Q.S.C.)

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

10)

Charge No.

:

C201007167

 

Date of Registration

:

16/08/2010

 

Chargee

:

FIRST GULF BANK ABU DHABI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

11)

Charge No.

:

C201006957

 

Date of Registration

:

10/08/2010

 

Chargee

:

STANDARD CHARTERED BANK DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

12)

Charge No.

:

C200805011

 

Date of Registration

:

02/06/2008

 

Chargee

:

CALYON CORPORATE AND INVESTMENT BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

13)

Charge No.

:

C200803011

 

Date of Registration

:

31/03/2008

 

Chargee

:

EMIRATES BANK INTERNATIONAL PJSC

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

14)

Charge No.

:

C200707840

 

Date of Registration

:

20/09/2007

 

Chargee

:

UNION NATIONAL BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

15)

Charge No.

:

C200706525

 

Date of Registration

:

13/08/2007

 

Chargee

:

EMIRATES BANK INTERNATIONAL PJSC

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

16)

Charge No.

:

C200702363

 

Date of Registration

:

28/03/2007

 

Chargee

:

STANDARD CHARTERED BANK DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

17)

Charge No.

:

C200702292

 

Date of Registration

:

26/03/2007

 

Chargee

:

HSBC BANK MIDDLE EAST LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

18)

Charge No.

:

C200607484

 

Date of Registration

:

08/11/2006

 

Chargee

:

NATIONAL BANK OF DUBAI

 

Amount Secured  and Currency

:

57,600,000.00 U.S. DOLLAR

 

Address

:

---

 

19)

Charge No.

:

C200605432

 

Date of Registration

:

16/08/2006

 

Chargee

:

STANDARD CHARTERED BANK DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

20)

Charge No.

:

C200604797

 

Date of Registration

:

24/07/2006

 

Chargee

:

THE COMMERCIAL BANK OF QATAR (Q.S.C.)

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

21)

Charge No.

:

C200604039

 

Date of Registration

:

22/06/2006

 

Chargee

:

THE COMMERCIAL BANK OF QATAR (Q.S.C.)

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

22)

Charge No.

:

C200603407

 

Date of Registration

:

31/05/2006

 

Chargee

:

ARAB BANK PLC

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE #32-20 & #33-20 UOB PLAZA 2 SINGAPORE 048624

 

23)

Charge No.

:

C200603406

 

Date of Registration

:

31/05/2006

 

Chargee

:

ARAB BANK PLC

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE #32-20 & #33-20 UOB PLAZA 2 SINGAPORE 048624

 

24)

Charge No.

:

C200600562

 

Date of Registration

:

23/01/2006

 

Chargee

:

HSBC BANK MIDDLE EAST LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

25)

Charge No.

:

C200505517

 

Date of Registration

:

14/09/2005

 

Chargee

:

HSBC BANK MIDDLE EAST LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

26)

Charge No.

:

C200504946

 

Date of Registration

:

18/08/2005

 

Chargee

:

DUBAI ISLAMIC BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

27)

Charge No.

:

C200503475

 

Date of Registration

:

15/06/2005

 

Chargee

:

MASHREQBANK PSC

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

28)

Charge No.

:

C200503474

 

Date of Registration

:

16/06/2005

 

Chargee

:

ABU DHABI COMMERCIAL BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

29)

Charge No.

:

C200503473

 

Date of Registration

:

16/06/2005

 

Chargee

:

ABN AMRO BANK N.V. DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

30)

Charge No.

:

C200503471

 

Date of Registration

:

16/06/2005

 

Chargee

:

DUBAI ISLAMIC BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

31)

Charge No.

:

C200502816

 

Date of Registration

:

17/05/2005

 

Chargee

:

STANDARD CHARTERED BANK DUBAI

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

32)

Charge No.

:

C200405529

 

Date of Registration

:

04/11/2004

 

Chargee

:

ARAB BANK PLC

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE #32-20 & #33-20 UOB PLAZA 2 SINGAPORE 048624

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE RECORDS

 

Date of Last AGM

:

28/11/2011

Date of Last AR

:

21/12/2011

Date of A/C Laid At Last AGM

:

31/03/2011
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

MAR 2011

% Change

MAR 2010

MAR 2009

MAR 2008

MAR 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

792,639,376

-16.65

950,941,676

1,634,403,230

2,031,764,130

1,134,298,907

Profit/(Loss) Before Tax

21,493,680

21.46

17,695,988

32,178,828

86,313,942

82,093,128

Profit After Tax attributable to Shareholders

9,346,464

-21.26

11,870,008

17,996,201

68,944,691

78,954,241

 

 

 

 

 

 

 

Balance Sheet Key Figures

935,403,360

4.53

894,899,393

1,343,420,656

1,647,299,619

1,022,548,603

Total Assets

768,683,584

10.36

696,529,602

1,115,868,308

1,444,769,627

881,167,641

Current Assets

166,719,776

-15.96

198,369,791

227,552,348

202,529,992

141,380,962

Non Current Assets

 

 

 

 

 

 

 

747,219,120

4.23

716,913,408

1,175,298,897

1,471,013,194

878,203,483

Total Liabilities

723,611,264

6.06

682,278,182

1,138,184,347

1,433,126,406

836,397,939

Current Liabilities

23,607,856

-31.84

34,635,226

37,114,550

37,886,788

41,805,544

Non Current Liabilities

 

 

 

 

 

 

 

188,184,240

5.73

177,985,985

168,121,758

176,286,425

144,345,119

Shareholders' Funds

41,138,784

-6.82

44,148,049

44,681,118

45,552,375

1,525,761

Share Capital

147,045,456

9.87

133,837,936

123,440,640

130,734,050

142,819,358

Total Reserves

 

 

 

 

 

 

 

Dodsal Group

The Dodsal Group was founded in Mumbai, India, in 1948 by the Nandlal Kilachand family as a trading company in partnership with a British trading company (DODWEL) and Mr. Karsa Salem. The Group has transformed from a family trading enterprise into a multi-billion dollar Organization under the leadership of Rajen A. Kilachand.


Today, it is a Dubai based diversified multinational conglomerate which operates in the areas of Trading and Distribution; Engineering, Procurement and Construction; Exploration and Production; Casual Dining Restaurants; and Manufacturing.

 

·         Dodsal’s headquarters are located at

P.O Box 8034 Third Floor, DNI Building Sheikh Zayed Road Dubai, UAE

FINANCIAL RATIOS

 

 

Group

 

MAR 2011

MAR 2010

MAR 2009

MAR 2008

MAR 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

-16.65

-41.82

-19.56

79.12

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

1.18

1.25

1.10

3.39

6.96

Return on Equity (%)

4.97

6.67

10.70

39.11

54.70

Return on Assets (%)

1.00

1.33

1.34

4.19

7.72

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

3.97

4.03

6.99

8.34

6.08

Current Debt/Equity (Times)

3.85

3.83

6.77

8.13

5.79

Long Term Debt To Equity (Times)

0.13

0.19

0.22

0.21

0.29

Total Asset To Total Equity (Times)

4.97

5.03

7.99

9.34

7.08

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.85

1.06

1.22

1.23

1.11

Fixed Assets Turnover (Times)

4.75

4.79

7.18

10.03

8.02

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.06

1.02

0.98

1.01

1.05

 

FINANCIAL COMMENTARY

 

 

Profitability

The group yielded a rate of net profit on sales of 1.18 per cent in FY11. The group is now able to book in SGD - SIN 0.01 of profit for every SGD - SIN of sales.

 

 

Liquidity

 

Current ratio stood at 1.06 times in FY11. This means that the group has SGD - SIN 1.06 of current assets for every SGD - SIN of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

Leverage

Total debt-to-equity ratio notched 3.97 times in FY11. This means that the group requires additional external financing of SGD - SIN 3.97 for every SGD - SIN injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

Efficiency Ratio

 

Return on equity was 4.97 per cent for Subject in the current financial period. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

Return on assets stood at 1.00 per cent. The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 0.85 times in FY11. This ratio measures the group's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

Website details

 

About Dodsal

The Dodsal Group was founded in Mumbai, India, in 1948 by the Nandlal Kilachand family as a trading company in partnership with a British trading company (DODWEL) and Mr. Karsa Salem. The Group has transformed from a family trading enterprise into a multi-billion dollar Organization under the leadership of Rajen A. Kilachand.

Today, it is a Dubai based diversified multinational conglomerate which operates in the areas of Trading and Distribution; Engineering, Procurement and Construction; Exploration and Production; Casual Dining Restaurants; and Manufacturing.

 

Trading  & Distribution

Dodsal Group's Trading and Distribution arm operates under Dodsal Enterprises Pvt. Ltd, as the Agency Division and markets and distributes chemical and engineering products in India for more than 15 companies from 10 countries spanning North America, Europe and Asia.

 

Engineering, Procurement And Construction

Dodsal Group is one of the leading EPC players in the Energy, Industrial and Infrastructure sectors and has successfully implemented projects in over 22 countries in the Middle East, Europe, Africa, the Indian Subcontinent and South-East Asia. Dodsal Engineering and Construction Pte. Limited, the holding company for the Group's Engineering and Construction activities also carries out infrastructure development and management projects and has already implemented on a finance, build, operate and transfer basis, pipeline projects in India and North Africa.

 

Exploration And Production

Dodsal Group's latest venture, Dodsal Resources FZCO, is the holding company for the Group's Hydrocarbon Exploration, Mining and Production activities and has successfully secured concessions in East African nations, with promising results from the first round of investigative explorations. The Dodsal Group's venture into exploration and production has led to the discovery of deposits of multi-metals in Tanzania, and the group is also expanding its hydrocarbon search for Oil and Natural Gas and in the Energy sector.

 

Casual Dining Restaurants

Dodsal Group set up Dodsal Enterprises Pvt Ltd. in 1997 with headquarters in Mumbai to carry forward the Group's vision and endeavours in casual dining restaurants, in addition to the Group's trading and distribution activities. Dodsal Enterprises Pvt. Ltd., today, runs 79 Pizza Hut and KFC outlets, with franchise rights from Yum! Brands Inc., in major metropolitan cities in India.

 

Manufacturing

Rajen Kilachand enunciated his vision for Dodsal to become a key player in the nuclear, defence and space industry and has strategically moulded his multi-billion dollar group to fulfil his dream, with the recent USD 150 million Joint Venture with Atomenergomash(AEM), a Russian heavy equipment engineering company, to manufacture and supply power equipment for Nuclear Power Projects, Thermal Power Projects and the Oil and Gas industry in India.

 

Dodsal has deployed in excess of 25,000 workforce for its recent projects globally. The Dodsal Group's focus is now shifting to new avenues, and over the next decade, Dodsal's future holds more promising forays into newer, more exciting industries, including space exploration and defence, marking a new and exciting time for the 21st century Dodsal Group.

Quality & HSE

The Dodsal Group has established a group-wide practice of setting and maintaining the highest possible Quality and HSE standards while giving equal value with other business objectives without compromise.


The group's mandate to exceed the needs and expectations of the customers, employees and other stakeholders' requirements and continually improve the effectiveness of the HSE and Quality Management systems is achieved by:

 

Clearly defining strategic and operational goals and objectives

 

·         Communicating and monitoring compliance with the group's ethics, procedures and work practices

·         Providing and maintaining competent manpower and suitable resources

·         Implementing activities as per planned arrangements

·         Regular performance measurement and analysis

·         Completion of senior management reviews to assess effectiveness of the system in delivering the group's goals and objectives.

 

Dodsal recognises that HSE, Quality & Security performance is the responsibility of everyone and with line management accountability and workers participation, it ensures effective implementation and continual improvement of the systems.

 

Businesses

 

Distribution & Trading

Dodsal Enterprises Pvt. Ltd.’s Agency division markets and distributes chemicals and engineering products for more than 15 companies from 10 countries, which include Austria, Belgium, France, Germany, China, Hong Kong, Singapore, Taiwan, Thailand, United Kingdom and the United States.


Dodsal’s earliest activity was the import and distribution of heavy industry machineries and equipment to Indian Steel companies. The remarkable success of the Group can be traced back to the trading and distribution expertise of its founders, which set the foundation for Dodsal to explore new ventures in other industries and international markets.


The Agency division, today, offers a comprehensive range of services, including identifying sources and markets for products, services and technology, advising on government policies and follow up and assistance in ensuring fulfilment of contracts.

 

Engineering Procurement & Construction

Engineering and Construction is the flagship business of the Dodsal Group. As part of Dodsal's EPC business, it undertakes Engineering, Procurement and Construction projects as well as large scale complex Construction only Projects in the Energy, Industrial and Infrastructure sectors.


Dodsal has been successfully executing projects across the Energy, Industrial and Infrastructure sectors in the Middle East, Asia, Africa and Europe for over five decades since 1960. The company's range of projects include Process Plants for Oil and Gas Field Development, Gas Separation and Processing, LNG Plants, Refineries, Petrochemicals, Tank farms; Power Plants for Nuclear based, Gas based and Coal based power generation and Power Transmission Lines, Sub-Stations and Railway Electrifications for Power Distribution; Onshore Pipelines including Oil and Gas Pipelines, Slurry Pipelines, Water Pipelines and Pumping Stations; Offshore Shallow Water Pipelines; Desalination Plants, Fertilizer and Chemical Plants and Metallurgical Plants; Building including Residential Estates, Mosques and Hotels; Roads, Highways and Bridges and Canals for leading international and regional Oil and Gas companies amongst other reputed government organizations, as both, an EPC and a Construction contractor.


On its projects, Dodsal deploys full time Project Management task forces comprising of project personnel from all disciplines, including Project Management, Engineering, Procurement, Construction, Commissioning and Project Support Services.


Dodsal Engineering and Construction Pte. Limited has a combined team of experienced professionals and skilled workforce who are well adept with the local laws, regulations, procedures and client requirements in the region. Most of the project personnel have rich prior experience of working with regional and international Energy companies and are readily available as a part of the in-house task force for deployment.


Dodsal’s Engineering and Construction teams have a proven track record of high safety standards and the company has achieved Lost Time Injury Frequencies that are consistently well below industry averages, receiving several letters of appreciation and safety awards for their successful and timely project execution.

 

Exploration & production

 

Hydrocarbons projects

 

RUVU

Location:         Tanzania 
Project status:  Exploration began in 2007 & is ongoing Dodsal Hydrocarbons and Power (Tanzania) Pvt. Ltd., a wholly owned subsidiary of Dodsal Resources signed the Production Sharing Agreement with the Government of Tanzania on October 23, 2007, acquiring possession of an on-shore Oil and Gas Concession 30kms West of Dar es Salaam in Tanzania, with an area of more than 15,000 sq. km. Seismic Data Processing investigative explorations indicates presence of hydrocarbons, with re-interpretation conducted at leading technology centers in Canada, Germany and UK. Based on these positive results, Dodsal is planning for additional 2D seismic acquisition in 2011 and drilling of Exploratory Well in 2012.

 

Mining projects

 

ITINGI

Location:         Tanzania
Project Status:  Exploration began in 2007; Mining will commence in 2013

Dodsal Resources and Mining Itingi (Tanzania) Pvt. Ltd., a wholly owned subsidiary of Dodsal Resources, secured a concession from the Ministry of Energy and Minerals, Government of Tanzania, for mining at a location approximately 1,250 km South-West of Dar es Salaam, Tanzania. Preliminary findings conducted at the site, which is approximately 101 sq. km, show potential for gold and associated multi-metals. Dodsal aims to complete exploration by last quarter 2012 and commence mining by 2013.

 

ITILIMA

Location:         Tanzania 
Project Status:  Exploration began in 2007; Mining will commence in 2013

Dodsal Resources and Mining Itilima Busilili (Tanzania) Pvt. Ltd., a wholly owned subsidiary of Dodsal Resources, secured a concession from the Ministry of Energy and Minerals, Government of Tanzania, for mining at a location approximately 980 km North-West of Dar es Salaam, Tanzania. Preliminary investigations conducted at the site, which is approximately 41 sq. km and falls within the famous Lake Victoria Green Stone Belt, shows potential for gold and Kimberlite pipes. Dodsal aims to complete exploration by last quarter 2012 and commence mining by 2013.

BUSILILI

Location:         Tanzania 
Project Status:  Exploration began in 2007; Mining will commence in 2013

Dodsal Resources and Mining Itilima Busilili (Tanzania) Pvt. Ltd., a wholly owned subsidiary of Dodsal Resources, secured a concession from the Ministry of Energy and Minerals, Government of Tanzania, for mining at a location approximately 980 km North-West of Dar es Salaam, Tanzania. Preliminary investigations conducted at the site, which is approximately 167 sq. km and falls within the famous Lake Victoria Green Stone Belt, shows potential for gold and Kimberlite pipes. Dodsal aims to complete exploration by last quarter 2012 and commence mining by 2013.

 

Casual Dining Restaurant

Dodsal Enterprises Pvt. Ltd. runs several casual dining restaurants, with franchise rights from Yum International, in major metropolitan cities in India, including Mumbai and Bangalore.


The Dodsal Group diversified into the food services industry in 1997, after noticing a major gap in the market for casual dining restaurants. The Group’s foray into a new and exciting industry began with the launch of its franchises of KFC and Pizza Hut in India and has since grown from strength to strength, now running more than 70 outlets in the county.


The Dodsal Group is in the process of establishing its own chain of casual dining restaurants that will take Indian street food to international masses. The Group is also setting up a chain of affordable fine dining restaurants in partnership with maestro chef Marco Pierre White.


Dodsal Enterprises Pvt. Ltd.'s casual dining restaurants and franchises have consistently been voted number one in the customer satisfaction index and their restaurants have won numerous industry awards.

 

Manufacturing

In early April 2011, Dodsal Group signed an MoU with Atomenergomash (AEM), a Russian heavy equipment engineering company that specializes in the fields of Nuclear and Conventional energy, to establish a business relationship and pursue joint commercial activities in India.


With an initial investment of USD 150 million, Dodsal Group and AEM will set up a manufacturing plant to supply power equipment for Nuclear Power Projects (NPP), Thermal Power Projects (TPP) and the Oil & Gas industry. The joint activities take into account the bilateral agreements and international obligations of the Russian Federation and the Republic of India and both parties have targeted start-up of commercial production by 1st quarter 2013.


Over 47 countries around the world have adopted nuclear power as a viable clean energy alternative that can help the world's economies break free from their crippling dependence on fossil fuels. With India's ambitious plans for higher nuclear power generation, Dodsal and AEM are perfectly poised to be the catalysts that will bring the country's plans to fruition with Dodsal's impeccable reputation for excellence, eclipsed only by their own unrelenting stance on safety procedures and clearances on all Dodsal projects.

 

Press releases

 

Philanthropist and visionary UAE- based business leader donates US$25 million Honours College to Boston University

 

September 23, 2011

 

KILACHAND,COLLEGE

 

VISION

The  decades  after  the  Second  World  War  were  a  golden  age  for  American  universities.  They  established themselves to be among the best in the world, and pioneered fields such as technology and biomedical research. In recent years, however, universities in the US have entered a period of uncertainty. Budget cuts and global financial meltdown have all eaten into university endowments, while  internally,  university  administrations  and  faculty,  renowned  for  their  enterprise  and innovation,  have  been  beset  by  institutional  rigidities.  “In  the  face  of  proliferating  scientific discoveries,  mounting  interest  in  non7western  societies,  and  new  awareness  of  the  cultural achievements of women and minorities, we are no  longer sure what knowledge and skills a  liberal education should  foster,” says Charles Dellheim, director of Kilachand College. With  this  in mind, Boston University’s  Kilachand  College  is  taking  a  bold  and  ambitious  approach  to  the  big  issues

facing higher education:

 

Our goal is to help redefine liberal education for a new century.

 

ETHOS

Kilachand  College  will  be  an  engine  of  innovation  not  just  for  the  entire  university  but  for  the entire defining  liberal arts education across  the country.  It  is  above all  a community - a  community  of  scholars   artists   scientists  and  professionals  with  a  common  purpose:  to  foster  enterprise   research   discovery  and  creative  activity  across  disciplines  and  schools   and  in  doing  so   arm  students with  the  ability  to  go  out  into  a  complicated modern world  to  do  great  and  important  

 

 “In this age of professional specialization, academic  interest  in the humanities  is waning,” says Mr  Rajen  Kilachand, Chairman & President of Dodsal Group,   “People  don’t want  to  go  into  liberal arts, but I think for people to be future leaders you need a focused approach to humanities, the fine arts, so that you have a well7rounded personality. Now, I’m ready to do my little bit.” “What  is most original about Kilachand College  is our approach  to  liberal education.  It  integrates the  arts,  sciences,  and  professions,  and  breaks  down  the  divides  between  ‘pure’  and  ‘applied’  knowledge. Our  central  theme  is how  research,  creation, and  invention  take place  in a  variety of academic  disciplines  and  human  activities,”  says  Mr  Charles  Dellheim,  Director  of  Kilachand College. Thus unlike most  institutions, Kilachand College’s  liberal education will acquaint students

with the subject matter, approaches, and teaching methods of both the arts and sciences, and the professions. “A  liberal education  should cultivate  self discovery, clarity of  thought and expression, and  understanding  of  the  arts,  society,  and  the  natural  world,”  says  Dellheim.  “But  it’s  also necessary  for students to understand the dynamics of global capitalism, the  impact of technology, the development of new media and art forms, and transformations in law and medicine,” he adds. “Rajen Kilachand is a person of extraordinary foresight and rare generosity.  I am deeply grateful for his vision and his commitment to our Honors College, which serves our highest achieving students. His magnificent gift will create an endowment  for  the Kilachand Honors College  that will  increase the  quality  of  this  innovative  program  and  the  range  of  opportunities  it  offers  for  all  future  generations  of  Boston  University  students.  Equally  as  important  as  his  gift,  is  his  insightful understanding  of  the  enduring  importance  of  undergraduate  education,  both  to  him  and  to  the University,” says Mr Robert A. Brown, President of Boston University.

BENEFITS

• Kilachand College will offer the personal atmosphere of a small  liberal arts college and the range and resources of a large urban research university.

 

• It will  emphasize  community:  Students will  be  part  of  a wonderfully  talented  peer  group  with diverse interests.

 

• It will  develop  individuality:  Kilachand  College  offers  small  classes;  close  interaction with excellent  faculty; exceptional opportunities  for  research/creative activity, special academic advising and career services.

 

• It will  foster  innovation:  It will offer a new kind of education  that prepares  students  for a  complex world by introducing them to a variety of approaches and perspectives.

 

FACTS

• Last  year, Kilachand College  admitted  its  first batch of 58  students.  This  year,  the  second  class had 84 students. Year three will see a class of roughly 100 students, and by year four in 2015, the college will have an estimated 400 students.

 

• Applications for Kilachand College numbered 19,500 for this year.

 

• When applying  to Kilachand College students will apply  in  tandem  to any of  the 8 schools  and colleges within Boston University.

 

• 1/4 th of  their  coursework  or  32  credits  during  their  four-year  course  will  be  taken  at Kilachand  College  in  disciplines  ranging  from  Bioethics  to  Astronomy  and  Literature  to Climate Change.

 

• The Honors College offers students the opportunity at an interdisciplinary perspective in the  liberal arts while maintaining focus on one of BU’s 17 existing schools and colleges.

 

By doing this, the Kilachand College will offer students the best of both worlds: a small  liberal arts  college experience coupled with all the range and resources of a major urban research institute.

 

FAMILY HISTORY

The Dodsal Group was  founded  in Mumbai,  India,  in  1948  by  the Nandlal  Kilachand  family  as  a trading  company  in  partnership with  a  British  trading  company   DODWEL)  and Mr  Karsa  Salem. Under  the  leadership  of Mr  Rajen  Kilachand,  the  Group  has  transformed  from  a  family  trading enterprise  into  a  multi-billion  dollar  Organization  built  on  cutting  edge  technology,  expertise, integrity  and  an  unswerving  commitment  to  excellence.  The  Dodsal  Group  today,  is  one  of  the leading  players  in  the  Engineering,  Procurement  and  Construction  sector,  and  has  diversified  to encompass  businesses  that  include  Trading  and  Distribution;  Mining  of  Minerals  &  Metals; Exploration  &  Production  of  Hydrocarbons;  Casual  Dining  Restaurants;  and  Manufacturing  of machinery and equipment for the energy sector.

 

Rajen Kilachand's reputation as a visionary business  leader  is eclipsed only by his work as a career philanthropist. With a personal commitment of over US  50 million  of which US $ 25 million has  been  given  as  an  endowment  to Boston University  for  the Kilachand Honours  College)  to  core philanthropic  initiatives that span healthcare  vocational training and education   including building libraries  and  teachers  training  institutions, Rajen Kilachand  is  the Chairman  and President of  the Dodsal Group,  a multiYbillion dollar multinational  company, operating  in  several  countries with  a multicultural workforce. 

 

Rajen Kilachand's passion for art, music and culture has also propelled him to launch and encourage  numerous  initiatives  in  India  and  the  UAE.  His  social  initiatives  span  a  vivid  spectrum  – from sponsoring music and art festivals, and supporting healthcare initiatives, to sponsoring cultural and historical  showcases of  India  across  the world;  funding  community  theatres  and AIDS  awareness programs  in Africa  and Papua New Guinea  and being  the  first  foreigner who extended  generous support to 'Dubai Cares', an initiative of the UAE Vice-President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum's heart.

 

Dodsal Group and Atomenergomash sign MoU to manufacture nuclear  power equipment

April 12, 2011

 

Dodsal, a Dubai based multinational  group of companies and Atomenergomash  (AEM), a Russian heavy equipment engineering company  that specializes in the fields of Nuclear and Conventional energy, signed a Memorandum of Understanding (MOU), in Dubai, to establish a business relationship and pursue

joint commercial activities in India. 

 

Dodsal Group and AEM have agreed to co-operate in the fields of manufacture  and supply of power equipment for Nuclear Power Projects (NPP), Thermal Power Projects (TPP) and Oil & Gas industry. The joint activities take into account the bilateral agreements and international obligations of the Russian Federation and the Republic of India.

 

The Memorandum of  Understanding follows extensive high level meetings  between Dodsal and AEM senior management at conclaves held in Mumbai and Moscow  since May 2010,  followed by the final conclusive meetings in Dubai, yesterday.

 

Over the course of two-day meetings, Dodsal and AEM rallied around a plan to  set up a manufacturing unit in India with an initial investment in the range of US$ 150 million. The two companies have  agreed to pursue opportunities for joint manufacture of power equipment and components for power projects, and to cooperate for  the  transfer of technology and rendering of consultancy services to pursue their common objectives.

 

Mr Rajen A. Kilachand, Chairman and President of  Dodsal Group, thanked Mr Vladimir Kashchenko, Chief Executive Officer of AEM for  the speedy finalization of the MoU. The two sides have agreed to follow a strict time line for the implementation of the contents of the MoU and have targeted  start-up  of commercial production by 1st quarter 2013.

 

Over 47 countries  around the world have adopted nuclear power as  a  viable  clean  energy  alternative that can help the world’s economies break free from their crippling dependence on fossil fuels. With India’s ambitious plans for higher nuclear power generation, Dodsal and AEM are perfectly poised to be the catalysts  that will bring country’s plans to fruition with  Dodsal’s impeccable reputation for excellence, eclipsed only by their own unrelenting stance on safety procedures and clearances on all Dodsal projects. Traditionally, Indian safety standards for nuclear projects have always been optimal, and now coupled with the Dodsal Group’s has received numerous international awards for excellence and safety in all its projects.

 

The MOU with AEM of Russia is yet another step forward in the realization of the vision outlined by the Chairman of Dodsal Group for diversifying and expanding Dodsal’s activities from its current EPC, Mining, Oil & Gas exploration activities to include manufacturing and supply of equipment for Nuclear and Thermal powerplants. Mr Kilachand had stated his vision to “have the Group build on its existing strengths in the EPC sector and develop into a group which becomes a manufacturer of  high technology products for nuclear, space and defence,” in

2006 at the Arab Strategy Forum, and has strategically moulded his multi-billion dollar group to fulfil his dream.

The MOU with AEM follows the acquisition by Dodsal Group of the former  Austrian engineering company  AE&E  IDEA based in Chennai, which  will be merged into the wider EPC business of the Dodsal Group. 

 

Representatives from Dodsal Group and AEM at the MoU signing in Dubai. Front: Mr Vladimir Parygyn, AEM; Mr Vladimir Kashchenko, AEM; Mr Rajen Kilachand, Dodsal; Mr Nikhil Kilachand, Dodsal

 

The Dodsal Group is a Dubai-based diversified multinational organization which operates in the  areas of Engineering, Procurement and Construction; Exploration of Hydrocarbons and Mining of Minerals and Metals for the energy sector; Trading activities and the Hospitality business, including Quick Service and Casual Dining restaurants globally.

 

With a business volume of over USD 2 billion for the EPC business, Dodsal Group is one of the  leading energy and infrastructure development companies in the world, and has successfully implemented projects in over 22 countries in the Middle East, Europe, Africa, the Indian Subcontinent and South-East Asia.

 

With over 25,000 employees, the Dodsal Group's has its sights set on exploring new opportunities that include manufacturing equipment in India for nuclear, space and defence sectors; horticulture and floriculture; franchising more restaurants and developing its own chain of fine dining and quick service restaurants, and mining for exploration of minerals and metals, marking a new and exciting time for the 21st century Dodsal Group.

About Atomenergomash (AEM)

 

Atomenergomash Group of Companies  (AEM) is the engineering division of the State Atomic Energy Corporation "Rosatom" - one of the leading power engineering companies in Russia.AEM is provides  effective, integrated solutions that include design, manufacture, supply, installation, engineering and service equipment for nuclear and thermal power plants, as well as for the enterprises of gas and petrochemical industries.

 

AEM aims to form a globally competitive power engineering company with a diversified business portfolio. The company brings together   more than 40 Russian and foreign companies, including manufacturing plants, engineering centres and research organizations.  Unique manufacturing capabilities, a powerful research base and extensive professional experience have laid the foundation of success and sustainability for AtomenergomashRajen A. Kilachand is the Chairman and President of the Dodsal Group. Under his visionary leadership, Mr Kilachand steered the company to new and more resourceful avenues in Mining and Infrastructure Development, while scaling up the Engineering & Construction arm to execute mega projects across Europe, the Middle East, India and South East Asia, and maintaining a cameo portfolio in restaurants and food franchises.  Mr Kilachand’s career trajectory that spans taking Dodsal from a USD 200 million multi-retail interest company to a

world-class organization worth in excess of USD 2 billion, is built on cutting edge technology, expertise, integrity and an unwavering commitment to excellence. For this, he has been felicitated with accolades, awards and recognitions at global levels.

 

A great advocate of social development, Mr Kilachand has made personal commitments of over USD 50 million tocore philanthropic initiatives in the areas of healthcare, education, women’s rights and art culture.  While the community and the underprivileged gain from Rajen Kilachand’s open heartedness and sense of social responsibility, Mr Kilachand’s firm belief in corporate governance means the 25,000 strong workforce of the Dodsal Group enjoy impeccable working conditions, health coverage and lifestyle options that are exemplary and set benchmarks for leading multinational companies of the world

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.02

UK Pound

1

Rs.86.78

Euro

1

Rs.68.83

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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 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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.