MIRA
INFORM REPORT
|
Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
EXHIBITIONS INDIA
PRIVATE LIMITED |
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Registered Office : |
C – 390, Defence
Colony, New Delhi – 110 024, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
01.04.1998 |
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Com. Reg. No.: |
55-93065 |
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CIN No.: [Company
Identification No.] |
U92199DL1998PTC093065 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELE03004B |
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PAN No.: [Permanent
Account No.] |
AAACE8532C |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
To organise, manage,
conduct, hold, convene, host, sponsor, co-sponsor and promote national and
international exhibitions, events, fairs, shows, expositions, conferences,
seminars, conventions, meetings, displays, presentations and assemblers in
India or abroad. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150000 |
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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 a well
established company having satisfactory track. Trade relations are fair. Financial
position is satisfactory. Payments are correct and as per commitments. The
company can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office : |
C – 390, Defence Colony,
New Delhi – 110 024, India |
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Tel. No.: |
91-11-20547405,
20547765 |
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Mobile No.: |
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Fax No.: |
91-11-20547765 |
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E-Mail : |
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Website : |
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Head Office : |
217-B, 2nd
Floor, Okhla Industrial Estate, Phase – II, New Delhi – 110 020, India |
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Tel. No.: |
91-11-42795000 |
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Fax No.: |
91-11-42795098,
42795099 |
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E-Mail : |
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Branches : |
Mumbai Office: Email : exhibitionsindia@vsnl.net
/ mumbai@exhibitionsindia.com
Hyderabad Office: Hyderabad - 500 034, Andhra Pradesh, India
Email : hyderabad@exhibitionsindia.com /
exhibitions@eth.net Bangalore Office: Email : exhibitionsindiablr@vsnl.net / bangalore@exhibitionsindia.com Chennai Office: USA Office: Email : malvikab@exhibitionsindia.com |
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International
Representation : |
Denmark, Finland,
Israel, South Africa, Sweden, Taiwan and USA
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DIRECTORS
|
Name : |
Mr. Prem Behl |
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Designation : |
Chairman |
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Address : |
E-6, Defence
Colony, New Delhi – 110 024, India |
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Date of Birth/Age : |
10.09.1944 |
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Date of Appointment : |
01.04.1998 |
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Name : |
Mr. Dhruv Behl |
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Designation : |
Director |
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Address : |
D-130, 2nd
Floor, Defence Colony, New Delhi – 110 024, India |
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Date of Birth/Age : |
15.10.1980 |
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Date of Appointment : |
01.05.2004 |
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Name : |
Ms. Anita Behl |
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Designation : |
Director |
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Address : |
E-6, Defence
Colony, New Delhi – 110 024, India |
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Date of Birth/Age : |
09.07.1947 |
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Date of Appointment : |
01.04.1998 |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mr. Prem Behl |
499990 |
100.00 |
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Ms. Anita Behl |
10 |
0.00 |
|
Total |
500000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To organise,
manage, conduct, hold, convene, host, sponsor, co-sponsor and promote national
and international exhibitions, events, fairs, shows, expositions,
conferences, seminars, conventions, meetings, displays, presentations and
assemblers in India or abroad. |
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Products : |
International
Trade Exhibitions |
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Types of Revenues : |
v
Exhibition
Fees v
Service
Charges |
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Exports : |
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Countries : |
USA, Korea,
China, Israel and Europe |
GENERAL
INFORMATION
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No. of Employees : |
About 25 |
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Bankers : |
ICICI Bank Indusind Bank
Limited Nehru Place
Branch, Nehru Delhi – 110019, India |
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Facilities : |
-- |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
B. S. Sistani Chartered Accountants |
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Address : |
I-22, Jangpura
Extension, New Delhi – 110014, India |
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Associates/Subsidiaries : |
Comnet Exhibitions Private Limited Incorporation:
1987 --Line of
Business: international trade organisers Comnet Publishers Private Limited Incorporation:
1987 --Line of
Business: publishers or trade journal
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/- |
Rs. 5.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/- |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
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|
|
|
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1] Share Capital |
|
5.000 |
5.000 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
31.445 |
23.418 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
36.445 |
28.418 |
|
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LOAN FUNDS |
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|
|
|
1] Secured Loans |
|
0.217 |
0.415 |
|
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2] Unsecured Loans |
|
0.000 |
0.000 |
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TOTAL BORROWING |
|
0.217 |
0.415 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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|
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TOTAL |
|
36.662 |
28.833 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
11.874 |
7.656 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.832 |
0.721 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
0.000 |
0.000 |
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Sundry Debtors |
|
16.059 |
11.545 |
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Cash & Bank Balances |
|
14.921 |
12.537 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
25.117 |
16.038 |
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Total
Current Assets |
|
56.097 |
40.120 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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|
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Current Liabilities |
|
18.413 |
12.366 |
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Provisions |
|
13.728 |
7.298 |
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Total
Current Liabilities |
|
32.141 |
19.664 |
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Net Current Assets |
|
23.956 |
20.456 |
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
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|
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TOTAL |
|
36.662 |
28.833 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
|
77.842 |
49.208 |
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Total Income |
|
77.842 |
49.208 |
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Profit/(Loss) After Tax |
|
15.998 |
8.361 |
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Earnings in Foreign Currency : |
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Total Earnings |
|
29.625 |
18.221 |
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Expenditures : |
|
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Interest |
|
0.029 |
0.043 |
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Depreciation & Amortization |
|
1.297 |
0.895 |
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Other Expenditure |
|
60.518 |
39.908 |
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Total Expenditure |
|
61.844 |
40.846 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
20.55 |
16.99 |
|
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Debt Equity Ratio (Total Liability/Networth) |
|
|
0.88 |
0.69 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.74 |
2.04 |
LOCAL AGENCY
FURTHER INFORMATION
Profile
Mission
To organize a complete range of knowledge based international exhibitions and seminars and provide associated services so as to help their customers create joint ventures, technology transfers and investments benefiting their customers and community.
Quality Objective
§ Customer Satisfaction.
§ To keep abreast of the changing needs of the customer.
§ Continual improvement.
Quality Policy
Exhibitions India is committed to providing satisfaction to its customers by organising focused international quality trade shows through exceptional services, employee involvement, market intelligence and continual improvement.
Business:
The Indian marketplace presents a unique opportunity for global players to
discover fresh dimensions in new markets and initiate corporate relationship
building. The Indian marketplace is considered as one of immense potential with
an estimated 250 million middle income group consumers for many types of
products and services.
The economy is growing progressively, the national polity is a stable
democracy, and the rule of law is an established entity. Improved international
relations are now bringing in investment and new ideas from across the world to
provide additional choice to discerning consumers. As technology delivers, the
marketer and service provider must be aware of and responsive to a whole range
of possibilities.
At Exhibitions India they understand:
With the advantages of a decade of staying at the forefront, they are sensitive
to areas of growth and opportunity in new technologies. They have learnt what
it takes to be a full-service organiser.
Their skills lie in conceiving integrated marketing communications programmes
for corporate projection by applying their expertise in the following areas:
§ continuous assessment of market potential
§ identifying and nurturing future trends in technology
§ maintaining improved government relations to keep clients informed of shifts in policy
§ conceiving and implementing market entry strategies for the overseas corporate
§ monitoring and tracking competitor activity
People
Their team of highly educated and dedicated personnel believe that generating
interest, discussion and debate through fresh, free-flowing ideas provides a
fertile environment for business development.
They maintain a strong relationship with government organisations at all levels
to expedite their clients business objectives.
Their clients look at us as extensions of their organisations, bringing
expertise and an objective sounding board to address varied needs and problems.
The result
They are successful at obtaining governmental support for their clients to
enable them to tap the vast potential of the rapidly growing free market
economy in India. All these eventually translate to working together - breaking
new grounds in corporate communication, making a serious difference to
boardroom decisions and the marketing table.
Government relations
Government liaison is an essential part of their activity and their
interactions with the Central and the State governments at all levels are
continuous and meaningful. They work closely with ministries and departments
from commerce and industry, food processing, health and family planning,
broadcasting and communications, chemicals and petroleum, defence and para-military,
electronics and information technology, environment and water, agriculture,
finance, railways, science and other technology, space, and urban development
etc.
This helps us to monitor developments or amendments in issues such as
ideological shifts, proposed changes in policy, regulatory framework, new laws
and de-licensing etc. all factors critical to corporate decision making.
As a consequence of economic reform since 1991, the process of obtaining
governmental permissions has become relatively simple allowing for a better
liaison with the Centre or State governments. In this environment, they have
successfully established healthy relationships with successive governments over
the past decade. The result is their ability to negotiate, amplify the business
objectives, and secure necessary permissions and clearances for their clients
to further their business interests in India. This is a key area of their
activity.
Media mix
A systematic and planned use of media has played a significant role in defining
their corporate strategy. Their clients trust us in designing appropriate media
packages - where requirements range from simply defining and putting across a
message, to a meticulously planned media-savvy event such as the launch of a
product or service.
A specialised, well designed mix involves coverage through their home-grown
journal, newsletters, daily bulletins, websites, local and international trade
journals, newspapers, press meets and, using their continuously updated
database, direct mailings.
Brief about CEO
Prem Behl, Managing Director, Exhibitions India Private Limited, has 40 years of experience in the private corporate sector in India. He was employed with Indian and international corporates for 20 years before embarking on his own venture.
Mr. Behl founded Exhibitions India (EI) in 1987 with the objective of being the finest organiser of focused international trade shows and events in the country. To that end, Exhibitions India is the only Indian trade show organiser to be ISO 9001:2000 certified. Currently, EI organises the country’s largest communications exhibition & conference – Convergence India, an annual event in its 14th year. He is also a director with Comnet Exhibitions Private Limited (an EI group company), which represents international trade show organisers and councils in India, and managing editor of Convergence Plus, a monthly journal published by Comnet Publishers Private Limited
In addition, he maintains professional membership with a large number of trade associations and business councils. He is currently the regional president of the Indo-American Chamber of Commerce (NIC), a member of the ASSOCHAM Expert Committee on Communications Convergence, a member of the Telecom Committee – Federation of Indian Chamber of Commerce & Industry, and on a more recreational note, Honorary Secretary of the Wine Society (New Delhi).
Prior to establishing Exhibitions India, Mr. Behl held various positions including director - India & Neighbouring Countries, International Wool Secretariat (an international promotions organisation); director on the board - Punjab State Hosiery & Knitwear Development Corpn. Limited, Ludhiana (a UNIDO funded project); member - Governing Council, Wool Research Association, Mumbai (a technology institute under the Ministry of Textiles); member – Sub Committee on Exports, Ministry of Textiles; and executive director with Usha International.
At the start of his career, he was employed with India Foils Limited (a 100% UK-owned branch operation) for seven years where he dealt with a wide range of Indian industry sectors in packaging and industrial applications. Thereafter, he spent the next ten years marketing consumer durables -initially with Singer Sewing Machine (a 100% US operation in India), and subsequently with Usha International (an Indian company) where he was executive director in charge of the sewing machines division. The following three years were spent with the International Wool Secretariat for the promotion of wool as a fibre and projecting the "woolmark" as a symbol of quality.
Industry Affiliations
Their affiliations with several trade and industry associations enable us to
cater to the business requirements of an international clientele by passing on a
truer, refined understanding of trends and opportunities.
Their supporting ministries, government departments, associations and trade
organisations are:
Ministries & Departments, Government of India:
§
Ministry of
Communiciations
§
Ministry of
Environment & Forests
§
Ministry of
Information & Broadcasting
§
Ministry of
Information Technology
§
Ministry of
Science & Technology
§
Ministry of
Urban Development
§
Ministry of
Water Resources
§
Department of
Space
Organisations and associations in India:
§
All India
Aavishkar Dish Antenna Sangh
§
All India
Biotech Association
§
Association of
Basic Telecom Operators
§
Broadcast
Engineers Society
§
Cable
Operators Federation of India
§
Cellular
Operators Association of India
§
Center for
Science and Environment
§
Consumer
Electronics & Television Manufacturers Association
§
Council of
Scientific & Industrial Research
§
Electronic
Component Industries Association
§
Electronic
Components Standardisation Organisation, Ministry of Defence
§
Electronics
& Computer Software Export Promotion Council
§
Federation of
Indian Chamber of Commerce & Industry
§
Film
Federation of India
§
Food &
Agriculture Organisation
§
Indian Council
of Agricultural Research
§
Indian
Institute of Mass Communications
§
Indian Paging
Services Association
§
Indian Printed
Circuit Association
§
Institute for
Development and Research in Banking Technology
§
National
Productivity Council
§
National
Securities Depository Limited
§
PHD Chamber of
Commerce and Industry
§
PTC India
Foundation
§
Securities and
Exchange Board of India
§
Small
Industries Development Bank of India
§
Technology
Bureau for Small Enterprises
§
Telecom
Equipment Manufacturers Association
§
The Associated
Chambers of Commerce and Industry
§
The
Institution of Electronics and Telecommunication Engineers
§
United Nations
- Asian & Pacific Centre for Transfer of Technology
§
VSAT Service
Providers Association of India
Organisations and associations overseas:
§
Department of
Commerce, USA
§
Department of
Trade & Industry, UK
§
United States
-Asia Environmental Partnership, USA
§
Asia Pacific
Satellite Communications Council, Korea
§
Capacitors and
Resistors Technology Symposium, USA
§
Chambre de
Commerce et d'Industrie Franco Indienne, France
§
Digital Video
Broadcasting, Switzerland
§
European Union,
Belgium
§
GAIA, Spain
§
German
Technical Cooperation, Germany
§
Global VSAT
Forum, UK
§
Green City
Denmark A/S
§
International
Academy of Broadcasting, Switzerland
§
International
Broadcasting Convention, UK
§
International
Telecommunication Union, Switzerland
§
International
television Symposium, Switzerland
§
Internet
Society, USA
§
National
Association of Broadcasters, USA
§
Regional
Institute of Environmental Technology, Singapore
§
Society of
Broadcast Engineers, USA
§
Society of
Cable Telecommunications Engineers, Inc., USA
§
Telecommunications
Industry Association, USA
§
The Moving
Image Society (BKSTS), UK
§
United Kingdom
Telecommunications Academy, UK
§
Water Quality
Association, USA
Professional memberships in India and Overseas:
§ Federation of Indian Chamber of Commerce & Industry
§ The Associated Chambers of Commerce and Industry
§ PHD Chamber of Commerce and Industry
§ PTC India Foundation
§ Telecom Equipment Manufacturers Association
§ All India Management Association
§ Delhi Management Association
§ Indo-American Chamber of Commerce and Industry
§ Indo-Canadian Business Council
§ Indo-French Chamber of Commerce
§ Indo-German Chamber of Commerce
§ Indo-Italian Chamber of Commerce
§ Indo-Vietnamese Chamber of Commerce
§ Joint Business Council (ASSOCHAM and FICCI - Asia, Africa and Oceania region)
§ India Convention Promotion Bureau
§ Public Relations Society of India
§ Internet Society, USA
§ Society of Cable Telecommunications Engineers, Inc., USA
The major domestic
and international clients are as follows:
§
Airtel – India
§
Alcatel South Asia Limited – India
§
Andrew Telecommunications India Private Limited –
India
§
Bharat Sanchar Nigam Limited – India
§
BSI Management Systems – India
§
Corrigent Systems – USA
§
Coship Electronics Co. Limited – China
§
ECI Telecom Limited – Israel
§
General Dynamics C4 Systems – India
§
HP – India
§
Hutchison Essar Mobile Services Limited – India
§
Irdeto – India
§
IXIA – USA
§
Korea Trade-Investment Promotion Agency (KOTRA)
§
Korea Venture Business Association (KOVA)
§
Lambda Microwave Technologies – India
§
Lemko Corporation – India
§
Office of the Chief Scientist of Israel
§
Radwin Limited – Israel
§
Rittal India – India
§
Siemens Public Communication Networks (Private)
Limited – India
§
Tanberg Television Limited – UK
§
Tejas Networks India Limited – India
§
Tirumala Seven Hills (P) Limited – India
§
UTStarcom – India
§
ZTE Corporation – China
The subject
provides following services to its clients:
§
Coalition
Building and Government Relations
§
Public Affairs
Counselling and Issues Management
§
Crisis
Communication
§
Corporate
identity and brand building
§
Online and
office public relations programmes and campaigns for websites including
placement of advertising
§
News
Conferences
§
Media Tracking
and Analysis
§
Media Tracking
and Writing
§
Monitoring of
News Groups
§
Development of
an Integrated Marketing Communications Plan
§
Special
Promotion including CD-ROM and Digital Data Distribution
Credentials
Client servicing
They understand
that they operate in a business that is only a good as the efficiency of its
client services. Their rigorous staffing policy ensures that seasoned
professionals with informed minds attuned to local sensitivities respond to
their client's needs.
Their commitment to excellence
In the field of
corporate promotion, nothing is as important as maintaining a good reputation
and earning repeat business. In addition to guiding new corporate initiatives,
a majority of their clients have consistently worked with us for their
promotional requirements. They see us as professionals who take pride in what
they do.
They make business
friendly and enjoyable. They are ethical in all their dealings and create a
culture that delivers the highest standards in the industry. They are
"committed to excellence". Exhibition India is a name their clients
trust.
Community development
Exhibitions India
is not a purely profit-motivated organisation. They realise that social
responsibility and awareness of local sensitivities is of utmost importance in
the development of their corporate objectives.
Through their
events in communications, healthcare, biotechnologies and environment, they
identify local economic strengths and weaknesses through a survey of
businesses. Focussed workshop topics are then designed in consultation with
experts and local authorities, so that the larger framework of decision making
may incorporate and subsequently follow up on needs thus identified.
Through their
dedicated film festivals, tutorials and workshops, they help
"narrate" local economic and social issues to residents, local
leaders, the press as well as the larger global community. They stress that any
development in technology and infrastructure be sustainable and
environment-friendly.
Their offices
They are
headquartered in New Delhi and have offices in Mumbai, Bangalore, Hyderabad and
Chennai. Additionally they have international representation in Denmark,
Finland, Israel, South Africa, Sweden, Taiwan, and USA bring in a wealth of
information from far and diverse market clusters - information that forms the
bedrock of the industry shows they organise and lead.
About Group
|
Corporate
identity number of the company |
U92199DL1998PTC093065 |
|
Name of the
company |
EXHIBITIONS INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
C -390, Defence
Colony, New Delhi – 110024, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts and
others |
|
Particular of
charge holder |
L65191MH1994PLC076333 Indusind Bank
Limited Nehru Place
Branch Nehru Delhi –
110019, India |
|
Nature of instrument
creating charge |
Agreement for
hypothecation of current assets |
|
Date of
instrument Creating the charge |
30.12.2006 |
|
Amount secured by
the charge |
Rs. 5.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest as per
bank norms Terms of
repayment Repayable as
per bank norms Margin Margin as per
bank norms Extent and
operation of the charge The charge operates
as continuing security inter alia, for the due repayment by the company to
the bank to the extent of Rs. 5.000 Millions together with interest,
additional interest, liquidated damages, premia on repayment costs, charge,
expenses and all other moneys payable by the company to the company to the
bank in terms of the loan agreements and bank norms from time to time.
Property in Col. 14 is hypothecated inter alia to the bank as and by way of
first charge. Others First charge on
hypothecation of receivables and all other current assets etc. is to secure
the working capital demand loan limit of Rs. 5.000 Millions sectioned to the
company. |
|
Short particulars
of the property charged |
Hypothecation of
receivable and all other current assets etc. |
As all Group companies are private limited companies and are closely held, they well be happy to disclose their financials at a more appropriate time.
They are probably India’s largest trade fair and conference organisers and are an ISO 9000:2000 company.
The current
domestic shows are Convergence India which well be running for the 15the
consecutive year taking place in march. This is specific ICT sector. Elcomp
held in September, which caters to the electronic components industry, Airports
and Airlines SFAL [Sports, Fitness and
Active Leisure] and Solar Tech India dedicated to the solar technology sector.
In addition they organise conferences.
The Group’s staff
strength is 126 with headquarters in New Delhi. They have branch offices in Mumbai,
Chennai, Bangalore, Hyderabad and Menlo
Park, California [USA] and plans are at an advanced stage to open office in
Kolkata, Ahmedabad an Pune.
They are also the
India Consultant Office for the Hong Kong Trade Development Council, the India
representatives office for the State of Idaho, USA for their two way business
promotion, representative for the Israel Telecommunication Organisation and
lastly, for the City of Stuttgart. There is a dedicated team of 8 which looks
after this SBU.
Comnet Exhibitions
Private Limited another Group company and looking after participation in
overseas shows, took 1840 companies from 36 industries to 48 counties and
covered a net area of 14,500 sq. mts.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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.43.15 |
|
UK Pound |
1 |
Rs.85.22 |
|
Euro |
1 |
Rs.57.63 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|