|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
DELHI JAL BOARD |
|
|
|
|
Registered
Office : |
Room No. 306, Varunalaya, Ph – II, Jhandewalan, Karol Bagh, New Delhi
– 11005 |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
1998 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
Legal Form : |
Not Divulged |
|
|
|
|
Line of Business
: |
Provides Water in Bulk to the NDMC and Cantonment Areas and Potable
Water in the National Capital Territory Delhi. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a government owned enterprise having satisfactory track
record. It is engaged into providing water in national capital territory for
Delhi, NDMC and cantonment areas. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The subject can be considered 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts
from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central
Bureau of Investigation will look into allegations that over $80 million was
paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to
find a solution for problems with state-owned Air India’s 787 Dreamliners. The
aircraft has experienced a series of malfunctions since its debut in 2011.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-11-23538495)
LOCATIONS
|
Registered Office : |
Room No. 306, Varunalaya, Ph – II, Jhandewalan, Karol Bagh, New Delhi
– 11005, India |
|
Tel. No.: |
91-11-23538495 / 23516261 |
|
Fax No.: |
91-11-23516261 |
|
E-Mail : |
|
|
Website : |
MANAGEMENT
NAME NOT DIVULGED
BUSINESS DETAILS
|
Line of Business : |
Provides Water in Bulk to the NDMC and Cantonment Areas and Potable
Water in the National Capital Territory Delhi. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
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 |
INTRODUCTION
Delhi Jal Board was constituted through an Act of Delhi Legislative Assembly on
6th April 1998. It has been meeting the needs of potable water in the
NationalCapital Territory of delhi for more than five decades. Delhi Jal Board
has been able to supply pure and wholesome filtered water to the capital city
of India which has grown phenomally to the present population of more than 160
lakh. Delhi Jal Board is committed for the augmentation of water supply in
Delhi and has taken many steps in this direction. Delhi Jal Board has ensured
average availability of 50 gallons per capita per day of filtered water through
an efficient network of water treatment plants, booster pumping stations and
about 9000 kms of water mains & distribution system.
ABOUT US
The Delhi Jal Board was constituted on 6th April, 1998 through an Act of the Delhi Legislative Assembly incorporating the previous Delhi Water Supply and Sewage Disposal Undertaking. The Delhi Jal Board is responsible for the Production and Distribution of potable water after treating raw water from various sources like river Yamuna, Bhakhra Storage, Upper Ganga Canal & Groundwater and also provides treatment and disposal of waste water. The Delhi Jal Board provides water in bulk to the NDMC and Cantonment areas. Sewage from these areas is also collected for treatment and disposal by the Delhi Jal Board
Supply of Potable/ Filtered water
The installed capacity of Water Treatment Plants is 747 MGD and by optimization
through Tubewells, Ranney Wells etc., about 835 MGD potable water is being
supplied by Delhi Jal Board. It is expected that by the end of 12th Five Year
Plan i.e. 2012-17 water requirement in Delhi shall be 1140 MGD.
Delhi Jal Board is committed for augmentation of water supply in Delhi and has
taken many steps in this direction.
Additional 45 MGD of Water has been ensured by the DJB by construction of recycling plants at the existing Water Treatment Plant at Haiderpur,Wazirabad, Bhagirathi and Chandrawal. All recycling plants except at Chandrawal have been commissioned. These plants used to waste around 10% of the water in the treatment process which would be utilized through these recycling plants. The Chandrawal Recycling plant is in progress and exlpected to be commissioned by 2012.
A parallel lined Canal from Munak to Haiderpur (102 Kms) has been constructed
through Irrigation Department, Govt. of Haryana at cost of Rs. 520 crore. After
its commisioning, there will be saving in the en-route seepage losses. This
saved water will enable Delhi to run the WTPs at Bawana (20 MGD), Dwarka (50
MGD) and Okhla (20 MGD). DJB is pursuing in the matter of release of additional
supply of raw water accrued on account of saving of 80 MGD en-route seepage
losses through Munak Canal with Haryana.
With a view to rationalize the distributiion of water Delhi Jal Board has drawn-up an elaborate plan to construct 53 new Under Ground Reservoirs and Booster Pumping Stations (UGR/BPS). Out of 53, 34 nos have been already commssioned & 03 are ready for commissioning. 09 Under Ground Reservoirs are in progress/completed & rest 07 nos. are in process of tendering, allotment of land etc.
The water management contact of three command areas of Malviya Nagar, Vasant Kunj UGRs and Nangloi Water Treatment Plants are being given on PPP model.
JICA has submitted final report on Water Master Plan 2021, on various ran water Scenario of availability of raw water. The same is being processed implementation.
Initiatives in the field of water conservations
We are also active in the field of water conservation and have a separate leak detection Cell for detecting various leakages in the system. Rapid urbanization has put-up tremendous pressure on the existing civic services including supply of drinking water in Delhi. These have resulted in drastic decrease in ground water table in Delhi. This could be avoided through a simple, economical and eco-friendly method of rainwater harvesting system. DJB has given financial assistance to the 169 cases amounting to Rs. 78,89,473/- lacs and DJB has imlemented RWH system for its 190 buildings. This will make available about 5.1 lac cubic meter of rain water for per annum for recharge of ground water. Necessary changes on the web site may please be done accordingly.
Bhagidari Scheme is being implemented by DJB in which more than 100 Resident
Welfare Associations are actively participating and it covers following
subjects:
QUALITY ASSURANCE
MEASURES
Water supplied by the Delhi Jal Board is not only potable and wholesome but
also conforms to the standards laid down by the Urban Development Ministry,
Govt. of India. Quality assurance measures are taken right from raw water stage
up to the consumers end. The water supplied from Ranney Wells and tube wells is
also tested regularly. Water samples are collected daily from the distribution
system i.e. individual taps and public hydrants etc. located in different parts
of the city to ensure that safe drinking water reaches the consumers. Efforts
are also being made to achieve ISO 9002 certification for which DJB is in touch
with Bureau of India Standards.
With a view to avoid contamination of water because of service lines passing
through drain sewers, 10789 cases were identified and notices were issued to
consumers for shifting of their water lines. 3687 such connections were
dis-connected and 4899 consumers shifted their service lines themselves.
TREATMENT AND
DISPOSAL OF WASTE WATER
Delhi Jal Board is responsible for treatment and disposal of waste water through an efficient network of about 7000 Km of Sewage network across Delhi. DJB has provided sewage facilities in all the approved colonies, re-settlement colonies and urban villages. Work has been started for laying of sewage system in 1639 unauthorised colonies.
At present, Delhi jal board is supplying around 830 MGD of drinking water to population of Delhi.The sewage generated @ 80% is as per CPHEEO norms is estimated to be 680 MGD. There are 36 Sewage Treatment plants at 21 locations(Keshopur Phase I,II,III-72 MGD; Okhla Ph I,II,III,IV,V,VI-170 MGD; Kondli Ph I,II,III,IV-90 MGD; Rithla I,II-80 MGD; Yamuna Vihar I,II-20 MGD ; Vasantkunj I,II- 5MGD;Coronation Pillar I,II,III-40 MGD; Narela-10 MGD; Nilothi-402 MGD; Najafgargh-5 MGD; Papankalan-20 MGD; Dr.Sen Nursing Home Nalla 2.2 MGD; Delhi Gate Nalla-2.2 MGD; Mehrauli-5 MGD;Rohini-15 MGD; Ghitorni-5MGD; Kapashera-5MGD; Commonwealth Games Village-1 MGD; Bakkarwala-0.66MGD;Molarbandh-0.66MGD; Timarpur Oxidation Pond-6 MGD) having total capacity of 594.72 MGD.The capicity of STPs under construction at 5 location (Nilothi: 20 MGD , Papankalan :20 MGD ,Delhi Gate : 15 MGD, Yamuna vihar : 25 MGD,Chilla:9 MGD) is 89 MGD. Which are likely to added in 2014 rising are sewage treatment capacity upto 683.72 MGD.
Sources of Revenue
The sources of Revenue for Delhi Jal Board are:
Through Strenuous efforts and dedication of the staff the Delhi
Jal Board has been able to achieve substantial increase in the collection of
revenue over the years.The Revenue Collection was Rs. 21162.41 Lakh in
2000-2001.
Delhi Jal Board has provided about 13.47 lacs water connections in the city
till 1.04.2001. Through all efforts and dedication of our staff, the Delhi Jal
Board has been able to achieve substantial increase in Revenue Collection over
the Years.
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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
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.