|
Report Date : |
10.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARMY WELFARE HOUSING ORGANISATION |
|
|
|
|
Registered
Office : |
South Hutments, Kashmir House, Rajaji Marg, New Delhi – 110011 |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
Not Divulged |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
Legal Form : |
Government Organisation |
|
|
|
|
Line of Business
: |
Subject is engaged into building Homes to those fighting and serving
in insurgency areas and inhospitable terrain. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a government organization for housing to army serving
personnel and widows of all ranks of regular Army. It is having satisfactory track record. Subject is engaged into building Homes to those fighting and serving
in insurgency areas and inhospitable terrain. Trade relations are fair. Business is active. Payment terms are
usually correct. The organization can be considered for business dealing at usual trade
terms and condition. |
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 |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
LOCATIONS
|
Registered Office : |
South Hutments, Kashmir House, Rajaji Marg, New Delhi – 110011, India |
|
Tel. No.: |
91-11-23017168 |
|
Fax No.: |
91-11-23010599 |
|
E-Mail : |
|
|
Website : |
|
HEAD OFFICE / CORRESPONDENCE OFFICE KASHMIR HOUSE, NEW DELHI – 110011, INDIA |
||||
|
APPT |
CONTACT |
|
APPT |
CONTACT |
|
MD |
91-11-23014991, 32011 (Army) |
Dir (Marketing) |
91-11-23017768 |
|
|
Dy MD |
91-11-23010820, 32076 (Army) |
Exec Offr (Marketing) |
91-11-23017768 |
|
|
Secy |
91-11-23017231 |
Dy Dir (Finance Accounts) |
91-11-23012031 |
|
|
Dir (Admin) |
91-11-23017147, 35725 (Army) |
Dir (Finance Accounts) |
91-11-23012031 |
|
|
Exec Officer (IT) |
91-11-23793379 |
Dy Dir (Loan and Liaison) |
91-11-23014039 |
|
|
Dir (Resource and E/M) |
91-11-23017158 |
Dir (Design) |
91-11-23793554 |
|
|
Dir (Contract) - 1 |
91-11-23017168 |
Dir (Architect) |
91-11-23793653 |
|
|
Dir (Contract) - 2 |
91-11-23019306 |
Dir (Planning) |
91-11-23019294 |
|
|
Dir (Contract) - 3 |
91-11-23018762 |
Dir (Land) |
91-11-23017247 |
|
|
QUERY HANDLING OFFICERS |
|
|
Query |
Contact Officer |
|
* Wait list/Booking letter/Allotment
letter |
Dir (Marketing) 91-11-23017768 Exec Officer (Marketing) 91-11-23017768 |
|
* Transfer of Registration |
|
|
* Availability of houses |
|
|
* Co-borrower Certificate for Loan |
|
|
* Extension for payment of Instalment |
|
|
* Registration for a new project |
|
|
* Issue of duplicate allotment/booking
letter |
|
|
* Mutual Exchange |
|
|
* Change of Nominee/Address |
|
|
* Application for additional Car park |
|
|
* Clearance Letter |
|
|
* Issue of NOC for loan |
Dy Dir Loan and Liaison 91-11-23014039 |
|
* Tripartite Agreement |
|
|
* Any advice regarding loan |
|
|
* Status of Application |
|
|
* General queries about
Projects/eligibility |
|
|
* Payment procedure through Bank/E-banking |
Dir Finance: 91-11-23012031 |
|
* Payment receipts/ IRLA |
|
|
* Refund cases |
|
|
* NOC for sale/purchase |
DirLand 91-11-23017247 |
|
* Land procurement |
|
|
* Registration of DU with local authority |
Concern Project Director (see list below) |
|
|
|
|
* Status of construction/progress of
projects |
Dir (Planning) 91-11-23019294 Dir (Architect) 91-11-23793653 Dir (Design) 91-11-23793554 |
|
* Type of houses and amenities being
constructed |
|
|
* Site plan |
|
|
* Costing of the house/escalation |
|
|
* Society/legal matters |
Secretary 91-11-23017231 |
|
* Complaints/petitions |
|
|
PROJECT HANDLING OFFICERS |
||
|
HEAD OFFICE |
||
|
DIR
(PLANNING) 91-11-23019294 |
DIR
(ARCHITECT) 91-11-23793653 |
DIR
(DESIGN) 91-11-23793554 |
|
Chennai (OMR) |
Ambala |
Amritsar |
|
Dehradun |
Belgaum JJAY |
Bangalore |
|
Dwarka Sec-22 & 23 |
Belgaum, Kudchi |
Coimbatore |
|
G.NOIDA Ph-I,II,III |
Jabalpur |
Gurgaon Sec-95 |
|
G/NOIDA Ph-IV |
Kochi(S/ Sand) |
Indore Ph-II |
|
Ghaziabad |
Lucknow (Vrindavan) |
Kolkata Phase-II |
|
Gurgaon Sec-49 |
Mohali Sect 114 |
Mysore |
|
Jaipur Phase-VI |
Pune (H’sar) |
Nainital |
|
Kochi(Vaduthala) |
Thiruvananthapuram |
Nasik Phase-II |
|
Lucknow Mansarovar |
|
Ooty |
|
Panchkula Sec-27 |
|
Secunderabad (JJAY) |
|
Pune (Wagholi) |
|
Secunderabad (Medchal) |
|
AWHO PROJECT SITES |
||
|
PROJECT SITE |
TELE NOS |
EMAIL ID |
|
Allahabad |
91-522-2483266, 6670 (Army) |
|
|
Ambala |
91-171-2601698, 6910 (Army) |
|
|
BangaloreWhitefield |
91-80-25580116 |
|
|
Belgaum(Khudchi) |
91-831-2490191 |
|
|
Bhatinda |
91-164-2290350 |
|
|
Chennai (OMR) |
|
|
|
Coimbatore |
91-422-3191007 |
|
|
Dwarka Sect-22 |
91-11-28051082 |
|
|
Dwarka Sect-23 |
91-11-28051170 |
|
|
Dehradun |
91-135-2110212 |
|
|
G/Noida Ph-III |
91-120-2934241 |
|
|
G/Noida Ph-IV |
91-120-6496476 |
|
|
Gurgaon Sect-95 |
91-124-2213312 |
|
|
Indore(Ph-II) |
91-731-2551428 |
|
|
Jaipur Ph-VI |
91-141-2339910 |
|
|
Jabalpur |
|
|
|
Kochi(Silver Sand) |
91-484-2382277 |
|
|
Kochi(Vaduthala) |
|
|
|
Kolkata Ph-II |
91-33-22426642 |
|
|
Lucknow(Mansarovar Yojna) |
91-522-2483266, 6670 (Army) |
|
|
Ludhiana |
91-161-2520034 |
|
|
Mohali Sect-114 |
91-172-2520507 |
|
|
Nainital |
91-5942-240274 |
|
|
Nashik |
|
|
|
Panchkula Sect-27 |
91-172-2550632 |
|
|
Pune (Hadapsar Ph-II) |
91-20-26353463 |
|
|
Secunderabad (Medchal) |
91-40-27843437 |
|
|
Thiruvanathpuram |
|
|
MANAGEMENT
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
No |
|
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-------- |
|
22] |
Litigations that the firm
/ promoter involved in |
-------- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-------- |
|
26] |
Buyer visit details |
-------- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
No |
PROFILE
Subject has given HOMES to those fighting and serving in insurgency areas and inhospitable terrain. Time is a scarce commodity for the serving soldiers and often their own welfare/personal affairs take a back seat in combating their problems. Subject remains dedicated in it’s mission to provide structurally sound, economically viable and functionally efficient dwelling units to the desirous serving/retired members of the Army and their widows on ‘NO PROFIT NO LOSS’ basis in the selected popular stations. Endeavour of Subject has always been to deliver good quality construction with environment friendly ambiance to its allottees.
Subject plans holistic projects as Mini Townships with central amenities such as shopping complex, club, swimming pool, sports facility, CSD and adequate green area with covered parking and water supply, all inclusive within the fixed cost. Subject is conscious of its charter of providing affordable housing with an emphasis on quality finished end product.
The Organisation
functions on 'No Profit No Loss' basis.
The following are
eligible to apply:-
(a) Serving Personnel
(i) All Ranks on regular terms of engagement at the time of acceptance of application.
(ii) Short Service Commissioned Officers in the Army.
(iii) Medical Officers who on getting commission become members of the Army Officers' Benevolent Fund and have not registered for / allotted a DU by AFNHB.
(iv) Personnel of the Army Postal Service borne on the strength of the Army Postal Service at the time of the application and have rendered a minimum of ten years of service in the Army.
(v) Personnel who have been given commission in the Territorial Army and have been on mobilisation for at least ten years continuously.
(b) Widows of All
Ranks of Regular Army
(i) Widows who are in receipt of family pension.
(ii) Widows who re-marry a real brother of their deceased husband and are in receipt of family pension.
(iii) War widows who re-marry any person and are in receipt of family pension.
(iv) Widows who re-marry serving army personnel.
(v) Widows of other eligible category other than Regular Army are not entitled to register for Subject houses.
(c) Ex-Servicemen and
Others
(i) All Ranks of the Army released after having put in five years of service in the Army and not having been cashiered, dismissed or removed on disciplinary grounds regardless of receipt of pension or not.
(ii) Battle casualties boarded out of service.
(iii) Serving employees of subject who have rendered a minimum of ten years of service in the organisation. Employees who have retired/released from subject are not eligible.
(iv) Personnel of the Army Postal Service who have retired directly from the Army Postal Service, after putting in minimum of ten years of
service in the Army Postal Service, without reverting back to the parent cadre, and not having been cashiered, dismissed or removed from service on disciplinary grounds, regardless of receipt of pension or not. A certificate to this effect duly authenticated with seal and stamp from competent authorities (i.e APS Dte, Army HQ in case of offrs and APS office in case of JCOs/OR) will be attached with the application form.
(d) Other Eligible
Personnel-
For the dwelling units declared
surplus to the immediate requirements by the Organisation, the following are eligible in the order of preference as given below, provided that the individual renders a certificate/undertaking in the specimen affidavit at the time of Subject.
(i) Assam Rifles and GREF personnel.
(ii) Air Force and Naval personnel including widows from these services.
(iii) Other para military personnel.
(iv) Civilians paid from Defence Service Estimates.
(v) Civilians.
(e) Parents of Unmarried Fatal Battle Casualities.
(i) Parents (NOK-Parent as intimated by AGs Branch) who are in receipt of family pension (within two years of demise of son/daughter).
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.65.96 |
|
|
1 |
Rs.102.91 |
|
Euro |
1 |
Rs.86.58 |
INFORMATION DETAILS
|
Report Prepared by
: |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.