|
Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEUTSCHE BANK A.G. |
|
|
|
|
Representative
Office : |
Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai –
400001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.01.1900 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.36.314 Millions |
|
|
|
|
Legal Form : |
Commercial Bank with limited liability |
|
|
|
|
Line of Business
: |
Providing International Financial Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 250000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a well established and reputed part of global investment
bank incorporated in Germany with limited liability. There appear strong deposits and asset base which has strengthened the
balance sheet position during 2012. The bank has been successful in managing
the spread between the interest on loans and deposits and earned a good
profit. Trade relations are fair. Business is active. Payment terms are
regular and as per commitments. The bank can be considered good for 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ (Certificate of deposits) |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
17.04.2013 |
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 : |
Located at · Germany |
|
|
|
|
Representative
Office : |
Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22074720/24/22073237 (forex) |
|
Fax No.: |
91-22-22075407 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Places of Business in India : |
· Kodak House, 222 Dr. D.N. Road Fort, Mumbai- 400001, Maharashtra, India Tel. No.: 91-22-66684000 · Peninsula Corporate Park Nicholas Piramal Tower, 5th Floor Ganpatrao Kadam Marg Lower Parel Mumbai-400013, Maharashtra, India · Glacis, Plot No 391, Linking Road, Khar, Mumbai - 400052, Maharashtra, India Tel. No.: 91-22-66009696 · ECE House, Main Building, 28, Kasturba Gandhi Marg, New Delhi - 110001, India Tel. No.:91-11-66009400 · DLF Square, 4th floor Jarcaranda Marg DLF City, Phase II Gurgaon - 122002, Haryana, India · DLF Infinity Tower A Sector 25 A, DLF Phase II Gurgaon – 122002, Haryana, India Tel. No.:91-124-4338100 · Raheja Towers, Ground Floor, West Wing, 26-27 M. G. Road, Bangalore- 560001, Karnataka, India Tel. No.:91-80-66935500 · Brooke House, 9 Shakespeare Sarani, Calcutta- 700071, West Bengal, India Tel. No.:91-33-66009499 · Kothari Building, Ground floor 114, MG Road Chennai – 600034, Tamilnadu, India Tel. No.:91-44-66009400 · F4 and F5, Sector 18, Noida - 201301, Uttar Pradesh, India Tel. No.:91-120-4341100 · A-2, Ground Floor, Augrangabad Business Centre, Adalat Road, Dr. Rajendra Prasad Marg, Aurangabad – 431005, Maharashtra, India Tel. No.:91-240-6615600 · Deutsche Bank Centre, 221B/1B, 'E' Ward, Tarabai Park, Kolhapur – 416003, Maharashtra, India Tel. No.:91-231-6601300 · Ludhiana2, SCO 9-10, Green Park Avenue Canal Colony, Pakhowal Road Ludhiana-141002, Punjab, India Tel. No.:91-161-6624501 · Moradabad2, 8th Km. Stone, Delhi Road, Opposite Naya Moradabad Mangupura, Moradabad 244001, Uttar Pradesh, India Tel. No.: 91-591-6544401 · Pune, Suprem, Main ITI Road, Anudh Pune-411007, Maharashtra, India Tel No.: 91-20-66249000 · Salem, Venkalathri Nilayam 9-10, Yercaud Main Road Salem – 636008, Tamilnadu, India Tel. No.: 91-427-6457702 · Vellore, RJ Plaza, Kalpadi Main Road, Virudhampet Vellore – 632006, Tamilnadu, India Tel. No.: 91-416-6457710/ 6457711 |
MANAGEMENT
|
Name : |
Mr. Shrinath Balloju |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Avinash Prabhu |
|
Designation : |
Chief Financial Officer |
BUSINESS DETAILS
|
Line of Business : |
Providing International Financial Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Reserve Bank of India |
|
|
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskinb and Sells Chartered Accountants |
|
|
|
|
Associate : |
Comfund Consulting Limited |
|
|
|
|
Other related
parties of Deutsche Bank Group where common control exist at group level* : |
· Deutsche Securities (India) Private Limited · Deutsche Trustee Services (India) Private Limited · Deutsche Asset Management (India) Private Limited · Deutsche Investments India Private Limited · Deutsche Investor Services Private Limited · RREEF India Advisors Private Limited · Deutsche CIB Centre Private Limited · Deutsche Equities India Private Limited · Deutsche India Holdings Private Limited · DBOI Glabal Services Private Limited · Gemini Technology Services Inc. · B.V. Matura Handelmaatschappij · DB Servicios Mexico · S.A. de C.V. · Deutsche Investment Management Americas Inc. · Deutsche Bank (Mauritius) Limited · Deutsche Bank Securities Inc. · Deutsche International Corporate Services (Ireland) Limited · Deutsche Group Services Pry Limited · Finanza and Futuro Banca SpA · Deutsche Bank Limited, Moscow · Deutsche Securities Mauritius Limited, · Deutsche Securities Korea Company · Deutsche New Zealand Limited, · Deutsche Bank (China) Company Limited · Deutsche Bank Trust Company Americas · DB Services New Jersey, Inc. · Deutsche Bank National Trust Company · DB International (Asia) Limited, · DB Service Centre Limited, · Deutsche Bank, · Sociedad Anonima Espafiola · DWS Investment S.A., · Deutsche Bank Securities Limited, · Deutsche Bank (Malaysia) Berhad, · Deutsche Bank SA. - Banco Alemao, · DB HR Solutions GmbH, · DB Group Services (EURO), · Deutsche Bank Luxembourg S,A, · Deutsche Securities Inc., · Deutsche Bank Palska Spolka Akcyjna, · Deutsche Bank (Suisse) SA, · DB Energy Trading LLC, · Deutsche Bank Societa per Azioni · DWS Investment GmbH, · Deutsche Knowledge Services Pte. Limited · Manila Branch · Deutsche Asset Management investmentgesellschaft mbH vormsls · DEGEF Deutsche Gesellschaft fur Fondsverwaltuug mbH · Deutsche Bank (China) Company Limited, Beijing Branch · Deutsche Bank (China) Company Limited, Guangzhou Branch · Deutsche Bank (China) Company Limited, Shanghai Branch · DWS Holding and Service GmbH · Deutsche Bank Privat- und Geschaftskunden AG · DB Securities Services NJ Inc, · Hanoi Building Commercial Joint Stock Bank · DBOI Global Services (UK) Limited · Deutsche Bank Nederland N.V. · DB Consorzio S. Cons a r l · DB HedgeWorks LLC · Deutsche Bank S.A. / N.V. · DB Services Americas, Inc. · DB Global Processing Services, Inc · Deutsche Bank A.S. · Deutsche Bank International Limited · Deutsche Bank (Portugal), S.A. · Deutsche Bank Zartkoruen Mukodo Reszvenytarsasag · Deutsche Bank S.A. · Deutsche Asia Pacific Holdings Pte Limited · Deutsche Bank Saar AG |
CAPITAL STRUCTURE
As on: 31.03.2012
|
Particulars |
Amount |
|
|
|
|
Amount of Deposit with Reserve Bank of India
(at face value) under Section 11 (2) (b) of the banking Regulation Act, 1949 |
Rs.9.150
Millions |
|
Head office Account (Including start-up
capital of Rs.2.000 Millions and remittances from Head Office) |
Rs.36.314
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
CAPITAL AND
LIABILITIES |
|
|
|
|
Capital |
36.315 |
36.314 |
36.314 |
|
Reserves and Surplus |
27.668 |
19.435 |
13.134 |
|
Deposits |
168.427 |
146.464 |
146.930 |
|
Borrowings |
12.702 |
48.079 |
49.647 |
|
Other Liabilities & Provisions
|
41.145 |
36.506 |
37.282 |
|
TOTAL |
286.257 |
286.798 |
283.307 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Cash & Balances with RBI |
30.279 |
10.821 |
17.750 |
|
Balances with Banks & money
at Call & Short Notice |
3.568 |
3.583 |
0.998 |
|
Investments |
84.215 |
85.983 |
90.471 |
|
Advances |
125.489 |
142.938 |
129.228 |
|
Fixed Assets |
1.230 |
1.309 |
1.458 |
|
Other Assets |
41.476 |
42.164 |
43.402 |
|
TOTAL |
286.257 |
286.798 |
283.307 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
INCOME |
|
|
|
|
Interest Earned |
23.982 |
18.802 |
15.789 |
|
Other Income |
7.530 |
9.805 |
8.170 |
|
TOTAL |
31.512 |
28.607 |
23.959 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
Interest expended |
5.898 |
4.616 |
3.023 |
|
Operating Expenses |
10.552 |
11.234 |
9.584 |
|
Provisions & Contingencies |
6.828 |
6.454 |
6.908 |
|
TOTAL |
23.278 |
22.304 |
19.515 |
|
|
|
|
|
|
PROFIT |
|
|
|
|
Net Profit for the year |
8.233 |
6.301 |
4.463 |
|
Profit brought forward |
5.554 |
4.321 |
3.519 |
|
|
|
|
|
|
APPROPRIATION |
|
|
|
|
Transfer to statutory
reserve |
2.058 |
1.575 |
1.116 |
|
Transferred to/ (from)
investment reserve |
0.238 |
0.174 |
(0.073) |
|
Transferred to/ (from)
contingency reserve |
(0.633) |
0.000 |
0.000 |
|
Transferred to remittable
surplus remitted for CRAR requirements
|
4.552 |
3.320 |
2.618 |
|
Balance carried to Balance sheet |
7.571 |
5.554 |
4.321 |
|
TOTAL |
13.787 |
10.623 |
7.982 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
Yes |
CHARGES:
|
ENTITY |
COMPETENT AUTHORITY |
REGULATORY
CHARGES |
REGULATORY
ACTION(S) / DATE OF ORDER |
|
DEUTSCHE BANKAG |
RBI |
DID NOT ADHERE TO INSTRUCTIONS ISSUED BY RBI IN RESPECT OF DERIVATIVES,SUCH AS FAILURE TO CARRY OUT DUE DILIGENCE IN REGARD TO SUITABILITY OF PRODUCTS,SELLING DERIVATIVE PRODUCTS TO USERS NOT HAVING RISK MANAGEMENT POLICIES AND NOT VERIFYING UNDERLYING/ADEQUACY OF UNDERLYING AND ELIGIBLE LIMITS UNDER PAST PERFORMANCE ROUTE |
IMPOSED PENALTY RS.5,00,000 |
LITIGATION:
IN THE HIGH COURT OF DELHI AT NEW DELHI
10.05.2011
Present:- Mr. K.N.Kataria, Sr.Advocate with Mr.K.P.Mavi and
Ms.Sonia
Singhani for the appellant.
Mr. Ajay Kumar Jha with Ms.Paula Ghosh for respondent No.1.
RFA No.324 /2005
Again an adjournment is sought on behalf of the learned
senior counsel
for the appellant.
This appeal was admitted vide order dated 15th November,
2006.
List this appeal in due course on its turn.
May 10, 2011 KAILASH GAMBHIR, J
Bisht
BACKGROUND:
The accompanying financial statements for the
year ended 31 March 2012 comprise accounts of the India Branches of the India
Branch of Deutsche bank AG (the ‘Bank’) which is incorporated in Germany with
limited liability.
CONTINGENT LIABILITIES:
(Rs. in Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Claims against the Bank not acknowledge as
debts (including tax related matters) |
1.244 |
1.955 |
|
Liability on account of outstanding forward
exchange contracts |
4128.470 |
2634.953 |
|
Guarantee given on behalf of customers |
|
|
|
(a) In India |
62.353 |
51.481 |
|
(b) Outside India |
15.361 |
13.237 |
|
Acceptance endorsements and others obligations |
102.149 |
64.673 |
|
Bill rediscounted |
58.953 |
22.507 |
|
Other item for which the Bank is
Continentally liable |
|
|
|
(a) Swaps |
5266.269 |
6215.482 |
|
(b) Options |
257.644 |
290.027 |
|
(c) Futures |
22.838 |
2.325 |
AS PER WEBSITE DETAILS:
PRESS RELEASE:
DEUTSCHE BANK
'HORRIBLY UNDERCAPITALIZED' - U.S. REGULATOR
WASHINGTON: A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
"It's horrible, I mean they're horribly undercapitalized," said Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig in an interview. "They have no margin of error."
REGULATION THREATENS EUROPE'S
BANKING SYSTEM: ANSHU JAIN, DEUTSCHE BANK
FRANKFURT: An overload of global regulation threatens to stifle Europe's banking system and constrain economic growth, Deutsche Bank AG Co-Chief Executive Anshu Jain warned on Tuesday.
"Over the past five years, the banking industry has reformed itself, and been reformed, at an unprecedented pace. But now, in Europe, there's a risk the pendulum may swing too far," Jain told an audience at Frankfurt University's Centre for Financial Studies.
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 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.60.34 |
|
|
1 |
Rs.90.79 |
|
Euro |
1 |
Rs.77.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.