MIRA
INFORM REPORT
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Report Date : |
30.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
LOYALTY SOLUTIONS AND RESEARCH LIMITED |
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Registered Office : |
Florence Building, CTS No. 841 to 846, Nehru Road, Santacurz (East),
Vakola, Mumbai-400005, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
28.02.2006 |
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Com. Reg. No.: |
160084 |
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CIN No.: [Company
Identification No.] |
U74130MH2006PLC160084 |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business : |
Providing customer services. |
RATING &
COMMENTS
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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 2100000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a 2 years old company financial by ICICI Ventures. The
company has incurred some initial losses. Trade relations are fair. No
payments could be made available. The company can be considered for small to mediocre business dealings
with slight caution initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Purshottam |
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Designation : |
Administrative Manager |
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Date : |
29.07.2008 |
LOCATIONS
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Registered Office : |
Florence Building, CTS No. 841 to 846, Nehru Road, Santacurz (East),
Vakola, Mumbai-400005, Maharashtra, India |
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Tel. No.: |
91-22-26680781 |
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Fax No.: |
91-22-26680262 |
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E-Mail : |
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Website : |
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Area : |
Rented |
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Corporate Office : |
Trade World Building, Kamla City, C Wing, 3rd Floor, Senapathi
Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India |
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Branch Office : |
No. 98, Sky Lark Plazzo, Near Kem Fort Airport Road, Bangalore-560017,
Karnataka, India |
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Tel. No.: |
91-80-40316468 |
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Mobile No.: |
91-9845145175 |
DIRECTORS
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Name : |
Mr. Bikramjit Sen |
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Designation : |
Director |
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Name : |
Mr. Madhavan Nair |
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Designation : |
Director |
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Name : |
Mr. Anand Trimbak |
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Designation : |
Director |
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Name : |
Mr. Vishwapati Trivedi |
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Designation : |
Chairman and Managing Director |
KEY EXECUTIVES
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Name : |
Ms. Shilpi Saxena |
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Designation : |
Secretary |
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Address : |
B-40, New Ashok Apartment, Bachani Nagar Road, Malad (East),
Mumbai-400097, Maharashtra, India |
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Date of Birth/Age : |
17.01.1980 |
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Date of Appointment : |
28.03.2008 |
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Mobile No. : |
91-9967596709 |
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E Mail : |
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Name : |
Mr. Purshottam |
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Designation : |
Administrative Manager |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Holding Company |
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No. of Shares Allotted |
|
Bennett Coleman, Company Limited |
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2005515 |
Equity Share Breakup (Percentage of Total Equity)
As on 27.08.2007
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Category |
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Percentage |
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Bodies corporate (not mentioned above) |
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99.99 |
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Other top fifty (50) shareholders (other than listed above) |
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0.01 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing customer services. |
GENERAL
INFORMATION
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No. of Employees : |
210 |
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Bankers : |
ICICI Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N. M. Rajaji and Company Chartered Accountant |
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Address : |
6th Floor, Universal Insurance Building, Pherozeshah Mehta
Road, Mumbai-400001, Maharashtra, India |
CAPITAL STRUCTURE
As on 23.08.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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25000000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20055515 |
Equity Shares |
Rs. 10/-
each |
Rs. 200.555
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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200.555 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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298.059 |
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4] (Accumulated Losses) |
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[78.478] |
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NETWORTH |
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424.136 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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420.136 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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30.526 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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40.768 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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21.461 |
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Cash & Bank Balances |
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25.923 |
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Other Current Assets |
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2.839 |
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Loans & Advances |
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345.667 |
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Total
Current Assets |
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395.890 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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47.048 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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47.048 |
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Net Current Assets |
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348.842 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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420.136 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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72.236 |
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Other Income |
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0.000 |
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Total Income |
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72.236 |
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Profit/(Loss) Before Tax |
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[78.203] |
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Provision for Taxation |
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0.275 |
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Profit/(Loss) After Tax |
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[77.928] |
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Expenditures : |
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Salaries, Wages, Bonus, etc. |
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25.733 |
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Payment to Auditors |
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0.315 |
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Interest |
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0.085 |
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Depreciation & Amortization |
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2.739 |
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Other Expenditure |
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121.567 |
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Total Expenditure |
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150.439 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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[107.88] |
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Net Profit Margin (PBT/Sales) |
(%) |
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[108.26] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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[18.34] |
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Return on Investment (ROI) (PBT/Networth) |
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[0.18] |
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Debt Equity Ratio (Total Liability/Networth) |
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0.11 |
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Current Ratio (Current Asset/Current Liability) |
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8.41 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered office of the company has been shifted from Trade World
Building, C Wing, 3rd Floor, Kamal City, S B Marg, Lower Parel, Mumbai-400013,
Maharashtra, India to present address w.e.f. 08.03.2007
PRESS RELEASE
Loyalty Programme unveiled
MUMBAI: ICICI Venture funded Loyalty
Solutions and Research
Limited (LSRL) on Tuesday announced the launch of i-mint, a national coalition loyalty
and consumer rewards programme, with India's leading brands.
Launching the programme here, LSRL CEO Vijay Bobba said
i-mint would be now available in four cities — Mumbai, Delhi, Hyderabad and Bangalore. It would be later expanded
to 20 more cities.
The programme offers opportunity to earn points from more
than one partner on each transaction and it will help customers redeem real
time at select locations, giving consumers the choice to earn and burn the
points anywhere. Further, the customers can aggregate and transfer points
within family members to increase the point accumulation pace further.
"I-mint is the beginning of a new marketing revolution
and the customers can avail themselves of exciting benefits through the
programme at leading brands,'' he said. These brands are Airtel, HPCL, ICICI Bank, Indian Airlines, Lifestyle
and Makemytrip.com. — PTI
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.54 |
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UK Pound |
1 |
Rs.84.86 |
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Euro |
1 |
Rs.66.95 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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