MIRA INFORM REPORT
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Report No. : |
330277 |
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Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLUOR DANIEL INDIA PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, MCT House, One Okhla
Centre, Block A , Okhla Institutional Area, New Delhi – 110025, Delhi |
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Tel. No.: |
91-124-4570700 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
11.07.1995 |
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Com. Reg. No.: |
55-070677 |
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Capital
Investment / Paid-up Capital : |
Rs. 98.800 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC070677 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELF01360C |
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PAN No.: [Permanent Account No.] |
AAACF0927G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is engaged in the business of providing Engineering, Procurement and Construction Consultancy. |
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No. of Employees
: |
Information declined by the management |
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 |
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Maximum Credit Limit : |
USD |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during 1995 having a
good track record. The rating reflects company strong financial risk profile marked by
healthy net worth position and good profitability of the company. Further, the rating also takes into consideration company favorable
gap between trade payable and trade receivable, and debt free balance sheet
of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. In view of long track record and strong financial base, the company
can be considered good for normal 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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION DENIED
Management non-cooperative (91-124-4570700)
LOCATIONS
|
Registered Office : |
2nd Floor, MCT House, One Okhla
Centre, Block A , Okhla Institutional Area, New Delhi – 110025, Delhi, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Gurgaon Office : |
10th Floor, Building 10, Tower C, DLF Cyber City, Phase II, Gurgaon -
122 002, Haryana, India |
|
Tel. No.: |
91-124-4570700 |
|
Fax No.: |
91-124-4263269 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Arun Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
Flat - 154, Pocket-A–4 DDA SFS Flats, Kalkaji Extension, New Delhi - 110019, India |
|
Date of Birth/Age : |
25.02.1957 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
03568656 |
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|
|
|
Name : |
Mr. Ashoke Purohit |
|
Designation : |
Whole Time Director |
|
Address : |
N-14/29, DLF City, Phase – II, Gurgaon – 122002, India |
|
Date of Birth/Age : |
30.06.1952 |
|
Date of Appointment : |
02.04.2001 |
|
PAN No.: |
AANPP6626L |
|
DIN No.: |
00494290 |
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|
|
|
Name : |
Mr. Kanwal Rattan Choudhary |
|
Designation : |
Director |
|
Address : |
116 Antigua Way, Greer SC, 29650 United States of America |
|
Date of Birth/Age : |
20.08.1945 |
|
Date of Appointment : |
14.09.2010 |
|
DIN No.: |
02864305 |
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|
|
|
Name : |
Geoffrey David Telfer |
|
Designation : |
Director |
|
Address : |
1456 Lake Pointe Pkwy, Sugar Land, Texas USA, 77478, , United States Of America |
|
Date of Birth/Age : |
13.08.1958 |
|
Date of Appointment : |
29.09.2014 |
|
DIN No.: |
06966431 |
KEY EXECUTIVES
|
Name : |
Ms. Pooja Nirmal |
|
Designation : |
Secretary |
|
Address : |
46d/3, Gopal Nagar, Near City Bus Stand, Gurgaon, 122001, Haryana, India |
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Date of Birth/Age : |
20.01.1987 |
|
Date of Appointment : |
01.09.2014 |
|
PAN No.: |
AIBPN1385N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Fluor Daniel Engineers and Consultants Limited, Mauritius |
7904340 |
80.00 |
|
Indo-Mauritian Affiliates Limited, Mauritius |
1976085 |
20.00 |
|
Total |
9880425 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the business of providing
Engineering, Procurement and Construction Consultancy. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
S.R. Batliboi and Company Chartered Accountants |
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Address : |
Golf View Corporate Tower-B, Sector- 42, Sector Road, Gurgaon - 122002, Haryana, India |
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Tel. No.: |
91-124-4644000 |
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Fax No.: |
91-124-4644050 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALFS0506L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Ultimate Holding Company : |
· Fluor Corporation, US |
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Holding Company : |
·
Flour Enterprise Inc. · Fluor Daniel Engineers and Consultants Limited |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Indo-Mauritian Affiliates Limited |
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Fellow subsidiaries
: |
· Fluor Canada Limited -Canada · Fluor B.V. -Netherlands · Fluor Mideast Limited (CA)-Abu Dhabi · Fluor Mideast Limited -Doha · Fluor Australia Pty Limited- Australia · Fluor Daniel Global Limited- Guernsey · Fluor Daniel Global Placement Limited -Guernsey · Fluor Daniel Global Services Limited -Guernsey · Fluor Daniel Inc. Philippines · Fluor Daniel International Services Inc.-Barbados · Fluor Daniel Technical Services Inc.-USA · Fluor Daniel S.A. -Spain · Fluor Ireland Limited- Ireland · Fluor Limited - U.K · Fluor Services International Inc. -USA · Fluor S.A (Pty) Limited-South Africa · Fluor Transworld Services Inc. –USA · Fluor US Services Inc.- U.S.A · Fluor Daniel Eastern Inc. HQ - Indonesia · Fluor Daniel International (Malaysia) · Fluor Daniel Asia Inc.- USA · Fluor Daniel Caribbean Inc.-USA · Fluor Projects Inc.-India Project Office, India · Fluor Arabia Limited Saudi Arabia · TRS Staffing Solutions India Private Limited |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,880,425 |
Equity Shares |
Rs.10/- each |
Rs.98.804
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
98.800 |
98.800 |
98.800 |
|
(b) Reserves & Surplus |
2390.740 |
1544.220 |
1131.180 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
2489.540 |
1643.020 |
1229.980 |
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
23.850 |
24.020 |
|
(d) long-term
provisions |
14.420 |
16.260 |
2.030 |
|
Total Non-current
Liabilities (3) |
14.420 |
40.110 |
26.050 |
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
543.540 |
274.370 |
179.700 |
|
(c) Other
current liabilities |
195.250 |
103.490 |
34.940 |
|
(d) Short-term
provisions |
342.620 |
297.580 |
211.580 |
|
Total Current
Liabilities (4) |
1081.410 |
675.440 |
426.220 |
|
|
|
|
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TOTAL |
3585.370 |
2358.570 |
1682.250 |
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II.
ASSETS |
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|
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(1)
Non-current assets |
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(a) Fixed
Assets |
|
|
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|
(i)
Tangible assets |
473.760 |
294.050 |
152.700 |
|
(ii) Intangible
Assets |
0.140 |
0.380 |
0.830 |
|
(iii)
Capital work-in-progress |
62.810 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
172.640 |
137.120 |
102.870 |
|
(d) Long-term Loan and Advances |
174.890 |
101.000 |
63.440 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
884.240 |
532.550 |
319.840 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
858.210 |
673.790 |
95.380 |
|
(d) Cash
and cash equivalents |
1111.590 |
479.980 |
914.820 |
|
(e)
Short-term loans and advances |
216.050 |
307.030 |
251.020 |
|
(f) Other
current assets |
515.280 |
365.220 |
101.190 |
|
Total
Current Assets |
2701.130 |
1826.020 |
1362.410 |
|
|
|
|
|
|
TOTAL |
3585.370 |
2358.570 |
1682.250 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
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Income |
|
|
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Other Income |
|
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|
|
|
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TOTAL |
4971.310 |
2874.400 |
2058.820 |
|
|
|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3550.460 |
2160.220 |
1594.580 |
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1420.850 |
714.180 |
464.240 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
128.430 |
69.140 |
46.410 |
|
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|
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|
|
|
|
|
|
PROFIT BEFORE
TAX |
1292.420 |
645.040 |
417.830 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
445.900 |
232.000 |
135.720 |
|
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PROFIT AFTER TAX
|
846.520 |
413.040 |
282.110 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
85.68 |
41.80 |
28.55 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
17.03 |
14.37 |
13.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
38.58 |
29.04 |
26.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.39 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.50 |
2.70 |
3.20 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
98.800 |
98.800 |
98.800 |
|
Reserves & Surplus |
1131.180 |
1544.220 |
2390.740 |
|
Net
worth |
1229.980 |
1643.020 |
2489.540 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2058.820 |
2874.400 |
4971.310 |
|
|
|
39.614 |
72.951 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2058.820 |
2874.400 |
4971.310 |
|
Profit |
282.110 |
413.040 |
846.520 |
|
|
13.70% |
14.37% |
17.03% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
|
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from B-9, LGF, GREEN PARK (MAIN), NEW DELHI -110016, Delhi, India to the present address w.e.f. 20.12.2010
INDEX
OF CHARGES NO CHARGES EXIST FOR COMPANY
FINANCIAL REVIEW
During the year the Company has achieved a total income of Rs. 4971.310 Million as compared to Rs. 2874.400 Million last year. The Company has recorded a profit before tax of Rs. 1292.420 Million as against profit of INR 542.380 Million as recorded last year with an increase of 138%. The Company has recorded an increase of 69.51 % in the gross turnover of Rs. 4804.660 Million against previous year turnover of Rs. 2834.46 Million.
The growth in the revenue and profit is mainly due to the increase in the Company’s level of project activity.
FIXED ASSETS
Tangible Assets
· Office Equipments
· Computer Equipments
· Furniture Fixtures
· Vehicles
· Leasehold Properties
Intangible Assets
· Computer Software
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.63.40 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
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 |
|
-- |
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.