MIRA
INFORM REPORT
|
Report Date : |
15.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
EXHIBITIONS
INDIA PRIVATE LIMITED |
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|
|
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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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|
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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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|
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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 |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
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
|
Registered Office : |
C –
390, Defence Colony, New Delhi – 110 024, India |
|
Tel. No.: |
91-11-20547405,
20547765 |
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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 |
DIRECTORS
|
Name : |
Mr.
Prem Behl |
|
Designation : |
Chairman
|
|
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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|
|
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Name : |
Mr.
Dhruv Behl |
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Designation : |
Director
|
|
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
|
|
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
|
Names
of Shareholders |
No. of Shares |
Percentage of Holding |
|
|
|
|
|
Mr.
Prem Behl |
499990 |
100.00 |
|
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. |
|
|
|
|
Product : |
International
Trade Exhibitions |
|
|
|
|
Types of Revenues : |
§
Exhibition
Fees §
Service
Charges |
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|
|
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Exports to : |
USA,
Korea, China, Israel and Europe |
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|
GENERAL
INFORMATION
|
No. Of Employees |
About
25 |
|
|
|
|
Bankers : |
ICICI
Bank Indusind
Bank Limited Nehru
Place Branch, Nehru Delhi – 110019, India |
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Banking Relations : |
Good |
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|
|
|
Auditors : |
B. S.
Sistani Chartered
Accountants |
|
Address : |
I-22,
Jangpura Extension, New Delhi – 110014, India |
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|
|
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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
|
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 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Reserves & Surplus |
31.445 |
23.419 |
18.960 |
|
|
NETWORTH |
36.445 |
28.419 |
23.960 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.217 |
0.414 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.217 |
0.414 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
36.662 |
28.833 |
23.960 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.874 |
7.656 |
3.880 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.832 |
0.721 |
5.405 |
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Sundry Debtors |
16.059
|
11.545 |
8.587 |
|
|
Cash & Bank Balances |
14.921
|
12.537 |
13.521 |
|
|
Loans & Advances |
25.117
|
16.038 |
7.420 |
|
Total Current Assets |
56.097
|
40.120 |
29.528 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
18.413
|
12.366 |
10.687 |
|
|
Provisions |
13.728
|
7.298 |
4.166 |
|
Total Current Liabilities |
32.141
|
19.664 |
14.853 |
|
|
Net Current Assets |
23.956
|
20.456 |
14.675 |
|
|
|
|
|
|
|
|
TOTAL |
36.662 |
28.833 |
23.960 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
49.209 |
47.930 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
8.362 |
6.660 |
|
Provision
for Taxation |
|
3.035 |
2.382 |
|
Profit/(Loss)
After Tax |
|
5.327 |
4.278 |
|
|
|
|
|
|
Export
Value |
|
18.221 |
19.088 |
|
|
|
|
|
|
Total
Expenditure |
|
40.847 |
41.270 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
NA
|
10.82 |
8.92 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
NA
|
16.99 |
13.89 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
NA
|
17.24 |
17.16 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
NA
|
0.29 |
0.28 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
0.89
|
1.70 |
1.62 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
1.75
|
2.04 |
2.00 |
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.44.19 |
|
UK
Pound |
1 |
Rs.86.32 |
|
Euro |
1 |
Rs.58.07 |
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 |
|