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MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
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Name : |
BUSINESS DEVELOPMENT BUREAU ( |
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Registered Office : |
Survey No.56, BDB House, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
02.01.1992 |
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Com. Reg. No.: |
11-64702 |
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CIN No.: [Company
Identification No.] |
U74999PN1992PTC064702 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEB02970C |
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PAN No.: [Permanent
Account No.] |
AAACB7450N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Market Research for Industrial Products also Entering in Banking
Research |
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 30000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established market research company. Trade relations are
fair. Financial Positions is good. Payments are usually correct and as per
commitments. The company is doing well and it can be considered good for normal
business dealings at usual trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Mayur Mohite |
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Designation : |
Accountant |
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Contact No.: |
91-9923500657 |
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Date : |
30.09.2008 |
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Name : |
Mr. Deshmukh |
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Designation : |
Accountant |
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Contact No.: |
91-9822012682 |
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Date : |
30.09.2008 |
LOCATIONS
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Registered Office : |
Survey No.56, BDB House, |
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Tel. No.: |
91-20-27010321 |
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Mobile No.: |
91-9923500657 91-9822004417 (Mr. K C Mani) 91-9970150321 (Mr. Kaustubh Pingale) 91-9820247530 (Mr. Pinkesh Choksey) |
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Fax No.: |
91-20-27011976 |
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E-Mail : |
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Website : |
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Area : |
10000 sq. ft. |
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Location : |
Owned |
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Branches : |
Located at:
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DIRECTORS
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Name : |
Mr. R. V. Krishnan |
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Designation : |
Chairman and Managing Director |
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Address : |
D-501 Kalpataru, Regency – II, Kalyani Nagar, Yerwada, Pune – 411006, |
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Date of Birth/Age : |
08.10.1950 |
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Date of Appointment : |
02.01.1992 |
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Name : |
Mr. R. Sashi Krishnan |
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Designation : |
Director |
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Address : |
D-501 Kalpataru, Regency – II, Kalyani Nagar, Yerwada, Pune – 411006, |
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Date of Birth/Age : |
10.04.1950 |
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Date of Appointment : |
02.01.1992 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 30.03.2006)
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Names of Shareholders |
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No. of Shares |
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R. V. Krishnan |
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46010 |
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R. Sashi Krishnan |
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35010 |
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Total |
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81020 |
(As on 31.03.2007)
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Category |
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Percentage
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Market Research for Industrial Products also Entering in Banking
Research |
GENERAL INFORMATION
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Customers : |
All Industrial Customers |
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No. of Employees : |
142 (Office – 50 and Branches – 92) |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
A.H. Joshi and Company Chartered Accountant |
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Address : |
1907, Sadashiv Pune - 411030, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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81020 |
Equity Shares |
Rs.10/- each |
Rs.0.810
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.810 |
0.810 |
0.460 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4.873 |
1.972 |
1.763 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.683 |
2.782 |
2.223 |
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LOAN FUNDS |
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1] Secured Loans |
0.205 |
1.469 |
0.232 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.216 |
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TOTAL BORROWING |
0.205 |
1.469 |
0.448 |
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DEFERRED TAX LIABILITIES |
0.686 |
0.505 |
0.396 |
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TOTAL |
6.574 |
4.756 |
3.067 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.672 |
4.480 |
2.855 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
1.208 |
0.700 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
0.310
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0.486 |
0.590 |
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Cash & Bank Balances |
6.749
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3.407 |
2.576 |
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Other Current Assets |
0.002
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0.177 |
0.129 |
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Loans & Advances |
2.873
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1.502 |
0.782 |
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Total
Current Assets |
9.934
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5.572 |
4.077 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
6.877
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3.881 |
2.309 |
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Provisions |
2.363
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2.115 |
1.556 |
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Total
Current Liabilities |
9.240
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5.996 |
3.865 |
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Net Current Assets |
0.694
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(0.424) |
0.212 |
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MISCELLANEOUS EXPENSES |
0000 |
0.000 |
0.00 |
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TOTAL |
6.574 |
4.756 |
3.067 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
19.943 |
11.195 |
8.438 |
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Other Income |
0.269 |
0.161 |
0.250 |
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Total Income |
20.212 |
11.356 |
8.688 |
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Profit/(Loss) Before Tax |
4.972 |
1.972 |
1.612 |
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Provision for Taxation |
1.840 |
0.839 |
0.614 |
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Profit/(Loss) After Tax |
3.132 |
1.133 |
0.998 |
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Export Value |
1.332 |
NA |
NA |
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Total Expenditure |
15.240 |
9.384 |
7.076 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
15.50
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9.98 |
11.49 |
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Net Profit Margin (PBT/Sales) |
(%) |
24.93
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17.62 |
19.10 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
34.04
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19.62 |
23.25 |
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Return on Investment (ROI) (PBT/Networth) |
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0.87
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0.71 |
0.73 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.66
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2.68 |
1.94 |
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Current Ratio (Current Asset/Current Liability) |
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1.08
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0.93 |
1.05 |
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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PAN / TAN : AAACB7450N |
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Website Details:
Profile:
The marketplace is the interface between product and
consumer. All market and customer driven business enterprises therefore tailor
their strategy, based on the marketplace.
Against the backdrop of studying successful businesses in several countries, Subject was set up almost two decades
ago. With the objective of providing world class management inputs to
businesses in
Business research is an intricate. Involved and specialised subject and
specialisation cannot be mass produced.
Any specialisation needs expertise, dedication, tommiiineni and enthusiasm.
Company they pursue their specialisation with a passion.
They believe in the enerqy of youth. They also believe in the innovation and
creativity of youth, even if it has to be tempered with the maturity and
experience of the old.
Today, intelligent and sustained hard work has set us apart. They have had the
privilege of working for leading, savvy organisation* - many of which are among
the largest business houses of
They have been involved in domestic markets as well as in international markets
in industrial as well as in consumer markets. Their analysis has helped
structure new organisations and restructures old ones.
They have constituted a fine team, whose talent and honesty of purpose is
beyond compare. And they are here to stay
Recognised
Expertise
Over the years, Company client base has expanded to cover
companies in all sectors of commerce. It has been their relentless endeavour to
enlarge the role of conventional market research to full fledged Business Research
and we have been rewarded for their effort.
In order to provide integrated inter management solutions to the clients, all
the activities have to be closely interdependent. Company therefore has a
loosely constituted system of divisionalisation that allows for freedom of
thought while ensuring functional focus.
The divisionalisation has been a product of client need. This segregation has
been made keeping in mind the specific needs of each of the activities.
Extensive field investigation with advanced analytical techniques is routinely
deployed to evolve an accurate quantitative and qualitative analysis.
People
Team
This team comprises graduates in engineering, science,
statistics and commerce, most of whom have completed then post graduation in
management sciences. Everyone in company is computer familiar.
R V Kriihnan, the Managing Director of the company, has had over 30 years of
management experience in
Every executive is selected with great core and analysis, with a long term
view. And in such a way that each one merges into a specialized team. Those
executives who operate from offices outside Pune, are specially expected to be
self starters and independently motivated.
The company believes In empowered executives. Intellectual growth is another
important aspect of the executive expectation. Freedom to express their
professional talent is abundant.
Experience from several successful projects is simulated for similar
situations. Company’s strength lies in weaving different aspects of business
into a winning fabric.
Customer Delight Cell has been an experiment of their company which aims at
providing upgraded Reports as frequently as the customer desires, at a fraction
of the original cost. Not only this, they also offer to renew or upgrade any
research that a client may have carried out in the past ten years.
Finding Total Solutions Can Involve:
- Identifying
new business opportunities
- Demand
estimation and forecasting
- Identifying
demand gaps and niche markets
- Export market
identification and export potential studies
- Techno
economic feasibility studies
- Analysis of
consumer behaviour, pricing and packaging as well as buying attitudes
- Employee
training initiatives
- Pro &
post advertising research, focus group discussions
- Corporate
image studies
- Investigating
client strengths and realigning them to meet the requirements of the
market
- Research
involving dealers, end users and potential customers
- Price
sensitivity analysis
- Direct
mailing, telemarketing, event management, dealer promotion
Implementation of recommendations of our company's analysis has
been a satisfying aspect of their professional achievement. They have taken
great pride in being associated with interests over several years. It has not
only cemented relationships- So vital to Company’s long tern vision- but also
given their executives hands on experience with implementation of new and
challenging techniques
They have engineers and management professionals as key members of the research
and analysis team, they also have recognized statisticians to provide
analytical back up to everyone in the company.
The Direct Marketing team is focused on creativity and speed. Implementing
direct marketing tools quickly, without losing quality, is an important USP.
They are also able to provide a research element in to their Direct Marketing
projects.
Company has creative computer
specialists, who can produce the most interesting presentation formats, for all
assignments.
There are some in their team at various levels - including top management - who
work quietly in the background but whose contribution is really very
substantial.
Conscious of the enormous knowledge and experience required in the management
of business, Company regularly
taps top level executives of successful companies for their advice and
guidance.
Company’s "Expert Panel" includes executives with specialist
knowledge in specific fields, as in computers, plastics, medicine, agro
products and many others.
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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
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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 |
|
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. |
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 |
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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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