MIRA
INFORM REPORT
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Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
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Name : |
INTER CONFERENCE AND EXHIBITION SERVICES PRIVATE LIMITED |
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Registered
Office : |
23, Bhawani Kunj, Sector D – 2, Vasant Kunj, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
20.12.1988 |
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Com. Reg. No.: |
55-034305 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1988PTC034305 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELI05511C |
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PAN No.: [Permanent Account No.] |
AAACI2451G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
They are engaged into Conference and Exhibition |
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No. of Employees
: |
8 [In Office] Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
B [28] |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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USD 19000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Subject is an
established company having moderate track. The management has not filed the
financials of the company with the government departments after the year
2009.Trade relations are reported as fair. Business is active. Payments are
unknown. The company can
be considered for business dealings with some cautions. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY [General Details ]
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Name : |
Mr. Shyam |
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Designation : |
Director |
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Contact No.: |
91-9811155557 |
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Date : |
20.12.2011 |
LOCATIONS
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Registered Office : |
23, Bhawani Kunj, Sector D – 2, Vasant Kunj, New Delhi – 110070, India |
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Tel. No.: |
91-11-26136844 / 26134174 / 26136845 / 26133870 |
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Mobile No.: |
91-9811155557 [Mr. Shyam] |
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Fax No.: |
91-11-26134172 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 25.09.2009
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Name : |
Mr. Harbans Nagpal |
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Designation : |
Director |
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Address : |
B-2/2235, Vasant Kunj, |
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Date of Birth/Age : |
29.05.1960 |
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Date of Appointment : |
22.12.1988 |
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DIN : |
02215407 |
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Other Directorship : |
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Name : |
Mr. Shyam Nagpal |
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Designation : |
Director |
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Address : |
B-1/1332, Vasant Kunj, |
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Date of Birth/Age : |
07.11.1957 |
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Date of Appointment : |
22.12.1988 |
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DIN : |
00725681 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2009
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Names of Shareholders |
|
No. of Shares |
|
Shyam Nagpal |
|
9990 |
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Harbans Nagpal |
|
10 |
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Total |
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10000 |
As on 25.09.2009
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Equity Share
Break Up Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
They are engaged into Conference and Exhibition |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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No. of Employees : |
8 [In Office] Approximately |
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Bankers : |
Union Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Scan Associates Chartered Accountants |
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Address : |
305, Ajit Bhawan, 4697/6, 21A, |
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Tel. No.: |
91-11-23259229 / 23241760 |
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E-Mail : |
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PAN : |
AANFS3580L |
CAPITAL STRUCTURE
As on 25.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.110 |
0.110 |
0.110 |
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3] Reserves & Surplus |
4.611 |
3.859 |
3.454 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.821 |
4.069 |
3.664 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.018 |
0.113 |
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2] Unsecured Loans |
0.000 |
0.788 |
0.240 |
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TOTAL BORROWING |
0.000 |
0.806 |
0.353 |
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DEFERRED TAX LIABILITIES |
0.281 |
0.184 |
0.151 |
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TOTAL |
5.102 |
5.059 |
4.168 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.670 |
1.780 |
1.424 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
1.011 |
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DEFERREX TAX ASSETS |
0.105 |
0.105 |
0.105 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
1.643
|
1.717 |
1.826 |
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Cash & Bank Balances |
2.471
|
[0.810] |
0.806 |
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Other Current Assets |
0.069
|
0.934 |
0.000 |
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Loans & Advances |
1.598
|
4.514 |
1.962 |
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Total
Current Assets |
5.781
|
6.355 |
4.594 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
1.591
|
2.063 |
2.049 |
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Other Current Liabilities |
0.391
|
0.171 |
0.182 |
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Provisions |
1.472
|
0.947 |
0.735 |
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Total
Current Liabilities |
3.454
|
3.181 |
2.966 |
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Net Current Assets |
2.327
|
3.174 |
1.628 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.102 |
5.059 |
4.168 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
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SALES |
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NA |
NA |
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PROFIT
FROM OPERATIONS |
|
1.978 |
1.006 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.604 |
0.356 |
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PROFIT / [LOSS]
BEFORE TAX |
|
1.374 |
0.650 |
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Less |
TAX |
|
0.622 |
0.245 |
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PROFIT / [LOSS]
AFTER TAX |
|
0.752 |
0.405 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
3.859 |
3.454 |
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BALANCE CARRIED
TO THE B/S |
|
4.611 |
3.859 |
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Earnings/[Loss]
Per Share (Rs.) |
|
75.20 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.26
|
7.99 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.16 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.72
|
0.98 |
0.90 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
2.00 |
1.55 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
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No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
No |
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Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
No |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
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Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
- |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
No |
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Incorporation
details, if applicable |
- |
|
Last
accounts filed at ROC |
- |
|
Major
Shareholders, if applicable |
- |
Note : Registered office
address of the company has been shifted from D-74/4,
Working of the
Company
The sixth year of operations the overall performance of the Company in
terms of growth and turnover has been satisfactory. The Company has achieved
double turnover in this year over last year and hence, foresee a turnaround in
the downward trend.
Financial Results
In this year of operations, the Company has achieved the turnover of
Rs.30.800 millions. The Turnover has Improved in this year.
Future Prospects
The Company has further increased its activities and is quite hopeful of
Increased business in future.
FIXED ASSETS :
§
Furniture and Fixtures
§
Computer
§
Office Equipments
§
Motor Car
§
Motor Cycle
§
Printer
§
Book
§
Air Conditioner
WEBDETAILS
Company Profile
International Conference and Exhibition Services (ICES) is a pioneering
company specialized in planning and management of International Conferences,
Exhibitions and Events.
Established in 1986 as a Professional Conference and Exhibition
organizer, they have managed some of the largest and most prestigious
conferences, exhibitions and events, for a diverse portfolio of clients from
India and abroad.
ICES is managed by personnel trained by:
- International
Association of Professional Congress Organizers (IAPCO),
- Meeting
Professionals International (MPI),
- Indian
SERVICES
Subject (ICES) is managed by professionals trained by International
Association of Professional Congress Organizers (IAPCO),
They provide consultancy, systems and services for conferences and
exhibitions.
Conference
Planning:
Conceptual Planning, preparation of budget along with an action plan.
Conference Venue:
They can recommend and co-ordinate with an "appropriate venue"
based on the specific requirements for the conferences, seminars and
exhibitions.
Conference
Secretariat:
Setting-up of professionally managed conference secretariat along with
state-of-art equipment like the pentium computers, laser printers, fax and photocopy
machines. Software packages for registration and other applications can also be
provided on request.
Accommodation And
Transportation:
Block booking of rooms in various categories of hotels, airport pick-up
and sight-seeing tours in
Exhibition
Designing and Installation:
Various types of exhibition stands for display of products, pictures,
posters, promotional literature and books. They have the material, expertise
and experience to custom-design, display and manage an exhibition on a turnkey
basis.
Conference
Signage:
A complete and comprehensive range of conference signage such as frame
mounted self-supporting backdrops, welcome panels, dais plates, podium logos,
programme schedules (computer generated or bromides), placards, etc.
Audio--Visual
Systems:
Complete sound-systems, slide-projectors, video projectors, computerized
projection systems with high-resolution data projectors.
Conference Kits:
They can help you select from a wide-variety of conference kits and
accessories such as bags, folders, name badges, designing and printing of
conference proceedings and technical papers.
Registration /
Protocol Staff:
Young, competent and experienced staff to manage the reception, registration
and information counters and also to assist in hall co-ordination and document
distribution.
Past Events
Some of their recent
Prestigious Conferences and Exhibitions managed by them:
- 8th Coaltrans India- March 3 to 4, 2009
(by Euromoney PLC
- 64th Annual Conference of Association of
Physicians of
- 62nd Annual Conference of Indian
Radiology and Imaging Association – January 7 to 11, 2009
- 22nd International Conference on VLSI
Design - January 5 to 9, 2009
- Global Symposium – December 16 to 18,
2008
- National Conference and Live Workshop –
December 6 to 7, 2008
- Adventure Tourism Show – December 5 to 7,
2008
- 20th Annual Convention and SEM Exhibition
– November 14 to 15, 2008
- Oculoplasty Panorama – November 5 to 7,
2008
- 9th Asian Congress of Urology (ACU) -
October 2 to 5, 2008
- 4th Annual Conference of Research Society
for Study for Diabetics in
- 7th Annual Conference of
- 7th Coaltrans
- 6th Coaltrans
- Indian Orthodontic Society 11th Post
Graduate Convention – February 24 to 27, 2007
- 40th Annual Conference of Urological
Scoiety of
- Air Force Platinum Junilee Celeberations,
International Seminar on Aerospace – February 4 to 6, 2007
- 55th Indian Foundry Congress – February 2
to 4, 2007
- International Coal Congress and Expo –
December 11 to 13, 2006
- 20th Congress of The Asian Association of
Pediatric Surgeons and The WOFAPS Executive Meeting – November 11 to 17,
2006
- Federation of Hotel and Restaurant
Association of
- 51st Annual Conference of Indian
Orthopaedic Association – November 9 to 12, 2006
- 34th Annual Conference of Research
Society for The Study of Diabetes in
- International Conference on Geriatrics
and Gerontology – October 14 to 15, 2006
- 8th Annual Conference on Pediatric
Cardiac Society of
- Chest
- SERVIN Expo – Federation of Indian Export
Organization – October 4 to 6, 2006
- 5th SAARC Otolaryngologists Society –
September 20 to 22, 2006
- 2nd International Conference on
Floriculture – September 8 to 10, 2006
- First Musculoskeletal Infection Section
Meeting – August 25 to 27, 2006
- Annual Conference of
- 59th Indian Sental Conference – January
27 to 30, 2006
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 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.52.72 |
|
|
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.