MIRA
INFORM REPORT
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Report Date : |
19.01.2011 |
Note: Given address could not be confirmed
IDENTIFICATION DETAILS
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Name : |
EDELMAN INDIA PRIVATE LIMITED |
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Formerly Known
As : |
B-MRP COMMUNICATIONS PRIVATE LIMITED R AND P MANAGEMENT COMMUNICATIONS PRIVATE LIMITED |
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Registered
Office : |
903, One India Bulls Centre, B- Wing, 841, Jupiter Mills, Off Senapati
Bapat Marg, Lower Parel, Mumbai-400 013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
11.03.1993 |
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Com. Reg. No.: |
11-71100 |
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CIN No.: [Company Identification
No.] |
U74140MH1993PTC071100 |
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Legal Form : |
Private limited liability company |
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Line of Business
: |
Corporate Developmental, Financial and Marketing Communications |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 290000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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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 DECLINED BY
Management Non Co- Operative
LOCATIONS
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Registered Office : |
903, One India Bulls Centre, B- Wing, 841, Jupiter Mills, Off Senapati
Bapat Marg, Lower Parel, Mumbai-400 013, Maharashtra, India |
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Tel. No.: |
91-22-43530210 |
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Fax No.: |
91-22-43530264/0257 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Daniel Joseph Edelman |
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Designation : |
Director |
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Address : |
1301, N Astor Station, Chicago, Illinois-60610, |
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Date of Birth/Age : |
03.07.1920 |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. Richard Winston Edelman |
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Designation : |
Director |
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Address : |
277, |
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Date of Birth/Age : |
15.06.1954 |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. Allan Sarryl |
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Designation : |
Director |
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Address : |
603, |
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Date of Birth/Age : |
15.06.1954 |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. Robert Harold Holdheim |
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Designation : |
Managing Director |
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Address : |
F/6/4, Vasant Vihar, |
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Date of Birth/Age : |
26.09.1963 |
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Date of Appointment : |
01.07.2009 |
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Name : |
Mr. Timothy John Tewa |
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Designation : |
Director |
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Address : |
130S, |
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Date of Birth/Age : |
26.09.1963 |
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Date of Appointment : |
03.02.2009 |
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Name : |
Mr. Darius Erach Udwadia |
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Designation : |
Director |
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Address : |
Empress Court, 142, |
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Date of Birth/Age : |
27.09.1939 |
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Date of Appointment : |
19.02.2010 |
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Name : |
Mr. Jyoteendra Mansuklal Kothari |
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Designation : |
Director |
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Address : |
Zever Mahal, 66, |
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Date of Birth/Age : |
06.05.1934 |
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Date of Appointment : |
19.02.2010 |
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Name : |
Mr. Ravindra Kulkarni |
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Designation : |
Director |
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Address : |
2, Samruddhi, Plot No.19, TPS VI, Relief Road, Santagruz (West), Mumbai-400
054, |
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Date of Birth/Age : |
23.05.1945 |
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Date of Appointment : |
19.02.2010 |
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Name : |
Mr. Naveen Agarwal |
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Designation : |
Director |
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Address : |
TNA-093, |
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Date of Birth/Age : |
16.08.1968 |
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Date of Appointment : |
06.01.2010 |
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Name : |
Mr. Ophira Sharan Bhatia |
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Designation : |
Whole Time Director |
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Address : |
123, Sea lord, Cuffe Parade, Colaba, Mumbai--400 005, |
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Date of Birth/Age : |
28.05.1974 |
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Date of Appointment : |
06.01.2010 |
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Name : |
Mr. Amit Misra |
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Designation : |
Whole time director |
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Address : |
C-183, Madhuvan Marg, Delhi-110 092, |
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Date of Birth/Age : |
30.11.1969 |
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Date of Appointment : |
06.01.2010 |
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Name : |
Mr. Biren Chandrakant Gabhawala |
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Designation : |
Director |
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Address : |
19, Himgiri 6, |
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Date of Birth/Age : |
28.02.1965 |
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Date of Appointment : |
01.09.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Roger Pereira Communications Private Limited, |
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29250 |
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Edelman ( |
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83250 |
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Total |
|
112500 |
As on 30.09.2010
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Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
74.00 |
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Bodies
corporate |
|
26.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Corporate Developmental, Financial and Marketing Communications |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged by the Management |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Financial Institutions: |
Kotak Mahindra Primus Limited, Nariman Point, Mumbai-400 021, |
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Auditors : |
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Name : |
Chandabhoy and Jassoobhoy Chartered Accountants |
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Address : |
208, Phoenix House, 'A' Wing, 2nd Floor, 462, Senapati Bapat Marg, Lower
Parel, Mumbai- 400 013, Maharashtra, India |
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Tel. No.: |
91-22-24981516/24961356 |
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Fax No.: |
91-22-24981718 |
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E-Mail : |
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Holding Company; |
Edelman ( |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1020000 |
Equity Shares |
Rs.10/- Each |
Rs.10.200 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
112500 |
Equity Shares |
Rs.10/- Each |
Rs.1.125
millions |
Of the above
·
83250 share are held by
Edelman (
·
29250 share are held by
Roger Pereira Communications private Limited
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
1.125 |
1.125 |
1.125 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
72.564 |
58.445 |
42.332 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
73.689 |
59.570 |
43.457 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.131 |
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TOTAL |
73.689 |
59.570 |
43.588 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
12.286 |
12.576 |
12.512 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
5.559 |
9.119 |
3.718 |
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DEFERREX TAX ASSETS |
0.990 |
0.169 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
60.429
|
39.306 |
32.567 |
|
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Cash & Bank Balances |
3.501
|
9.941 |
6.905 |
|
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Other Current Assets |
0.037
|
0.048 |
0.003 |
|
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Loans & Advances |
12.731
|
10.159 |
6.764 |
|
Total
Current Assets |
76.698
|
59.454 |
46.239 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
6.308
|
6.711 |
4.715 |
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|
Other Current Liabilities |
15.536
|
15.037 |
14.073 |
|
|
Provisions |
0.000 |
0.000 |
0.093 |
|
Total
Current Liabilities |
21.844
|
21.748 |
18.881 |
|
|
Net Current Assets |
54.854
|
37.706 |
27.358 |
|
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|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
73.689 |
59.570 |
43.588 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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TOTAL |
120.247 |
112.997 |
82.603 |
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Less |
EXPENSES |
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|
|
|
TOTAL |
94.717 |
83.104 |
66.320 |
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|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.530 |
29.893 |
16.283 |
|
|
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|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.103 |
4.146 |
3.241 |
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|
|
|
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PROFIT BEFORE
TAX |
21.427 |
25.747 |
13.042 |
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Less |
TAX |
7.153 |
9.451 |
4.348 |
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PROFIT AFTER TAX
|
14.274 |
16.296 |
8.694 |
|
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Provision for
tax of Earlier Year |
(0.155) |
(0.183) |
(0.416) |
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|
|
|
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|
|
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Provision no
longer required written back |
0.000 |
0.000 |
8.804 |
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.071 |
40.958 |
23.873 |
|
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|
|
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|
|
BALANCE CARRIED
TO THE B/S |
71.189 |
57.071 |
40.958 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
125.50 |
143.23 |
151.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
11.87
|
14.42 |
10.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.05
|
35.75 |
22.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.43 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.30
|
0.37 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.51
|
2.73 |
2.45 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
31.03.2007 (Rs. in millions) |
|
Sundry Creditors |
6.308
|
6.711 |
4.715 |
Note:
Registered office of the company has been shifted from
Cambata Building, 3rd Floor, West Wing, 42 J N Tata Road,
Churchgate, Mumbai- 400 020, Maharashtra, India, to the present address w.e.f. 06.07.2010
Operation:
Despite severe
global recessionary trends on account of property price and credit crisis, they
have been able to maintain revenues at the same level as earlier year which in
hindsight is being considered as boom period. The credit of maintaining the
revenues goes to the entire dedicated servicing
Profits have taken
marginal hit of 12% mainly due to higher expenses of new Gurgaon office, staff
awards, travelling costs and consultancy fees and Senior Hire. The outlook on
the current year appears to confirm that the worse is behind us and look
forward to fresh growth and impetus from inbound investments into
Bankers Charges
Report as per Registry
|
Name of the company |
R AND P MANAGEMENT COMMMUNICATIONS PRIVATE
LIMITED |
|
Presented By |
MR. Roger C. B. Pereira |
|
1) Date and description of instrument creating the change |
Loan agreement
dated June 23, 2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.727 millions
|
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
Vehicle- Toyota Innova Car |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Repayable in 35
installments of Rs.0.023 million per months Margin Money
Rs.0.123 million |
|
5) Name and Address and description of the person entitled to the charge. |
Kotak Mahindra Primus Limited, Nariman Point, Mumbai-400 021, |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
Fixed Assets:
·
·
Furniture and Fixture
·
Office Equipments
·
Vehicle
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.45.53 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.60.62 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.