MIRA
INFORM REPORT
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Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered
Office : |
M-95, Grater Kailash – II, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
09.01.2010 |
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Com. Reg. No.: |
197814 |
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CIN No.: [Company Identification
No.] |
U74140DL2010PTC197814 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Services Provider of Insurance, Financial affairs, Monetary affairs,
Real Estate affairs etc. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself gradually.
Payment terms are not known. The company can be considered for business dealings on a safe and
secured 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 PARTED BY
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Name : |
Mr. Abhinav Grover |
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Designation : |
Manager |
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Contact No.: |
91-11-40601432 |
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Date : |
22.01.2011 |
LOCATIONS
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Registered Office : |
M-95, Grater Kailash – II, |
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E-Mail : |
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Website : |
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Administrative Office : |
Level 2, |
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Tel. No.: |
91-11-40601432 |
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Fax No.: |
91-11-40601235 |
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E-Mail : |
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Area : |
Owned |
DIRECTORS
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Name : |
Mr. Pankaj Karna |
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Designation : |
Director |
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Address : |
M – 95, Grater Kailash – II, |
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Date of Birth/Age : |
41 Years |
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Name : |
Mr. Kirit Sharat Javali |
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Designation : |
Director |
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Address : |
C – 39, Niti Bagh, |
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Date of Birth/Age : |
40 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Pankaj Karna |
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9900 |
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Mr. Kirit Sharat Javali |
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100 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Services Provider of Insurance, Financial affairs, Monetary affairs,
Real Estate affairs etc. |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Bankers : |
HDFC Bank, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M.J.S. and Associates Chartered Accountants |
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Address : |
102, B-3 Prerna Complex Subhash Chowk, Laxmi Nagar, |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Share |
Rs. 10/- each |
Rs. 0.500 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 Share |
Rs. 10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
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|
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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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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0.270 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.370 |
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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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0.065 |
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TOTAL BORROWING |
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0.065 |
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DEFERRED TAX LIABILITIES |
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0.009 |
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TOTAL |
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0.444 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.191 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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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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0.000 |
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Cash & Bank Balances |
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0.371 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.161 |
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Total
Current Assets |
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0.532 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors and Other Current Liabilities |
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0.215 |
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Provisions |
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0.111 |
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Total
Current Liabilities |
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0.326 |
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Net Current Assets |
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0.206 |
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MISCELLANEOUS EXPENSES |
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0.047 |
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TOTAL |
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0.444 |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.06 |
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Current Ratio (Current Asset/Current Liability) |
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1.63 |
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE DETAILS
Work history
- Pankaj was
Partner and Head of M&A/Lead Advisory at Grant Thornton in
- Part of start
up team at Rabo
- Worked in BNP
Paribas(1995-1998) starting with CEO office covering new initiatives like
Merchant Banking, Private Banking and progressed to lead Credit in North
India and Relationship Management.
- Established
track record in financing &. M&A in
Key M&A
Deals
- American and
Efird
- Focus Brands
(Cinnabon) -
- WPP Group
acquisition of Châteaux Hospitality
- Part
acquisition-Grover Vineyards by Brindco
- Divestment of
Hospitality business in Uttaranchal
- Divestment of
cold chain logistics business to Gati
- Acquisition
of Burnol from Reckitt Benckiser
- Divestment of
Dumex
- CTEL
–offshore acquisition
- Divestment of
Farex for Heinz
- Divestment of
Eli Lilly brands to Nicholas
- Strategic
alliance-Heinz-Dilmah
- Divestment of
Max India-Pharma business to Jubilant Organosys
- Divestment of
biscuits business for Nestle
Key
Structured Finance Deals
- USD 60 mn
acquisition finance for Bharti Televentures
- Term and
promoter financing for Ranbaxy US operations and its promoters
- Acquisition
financing for Jubilant Organosys US Clinical research business
- Bridge
financing for Max India
- USD 25 mn
structured finance for Modi’s/Distacom investment in Spice Telecom
- Advised USD
20 mn equity and debt in Saraya Industries by Clearwater Capital
- Acquisition
financing for HTL acquisition by HFCL
- USD 40 mn
equity capital raise for Morepen Laboratories
- Punj Lloyd- Structured
financing for Highway projects
- Term and
Working capital financing to over 100 corporates
Education
- MBA from
- Bachelor's
Degree ( Mechanical Engineering ) from
- Alumni of St
SERVICES
M&A Advisory
Deal
Advisory - Buy and Sell side
- Focus on
understanding of commercial rationale
- Exploring
possibilities of synergy, domestically or globally and bringing insights
through
- Solid well
researched and analytical and professional presentation
- Structured
sell side process to maximise value
Valuation
Support
- Experienced
valuation teams
- Providing
perspectives applying multiple methodologies
Due
Diligence
- Strong
relationships with Big 5, leading accounting and legal firms
- Provide
seamless teams for buy side advisory and executing sale processes..
Implementation
and Closing Support
- Successful
and experienced team to support, undertake and advise on negotiations
- Advising and
finalizing documentation in conjunction with legal counsels
- Assisting in
seeking requisite legal approvals
Well rounded approach and comprehensive ecosystem for
M&A deals
JV Advisory
- End to end
solutions
- Identification of JV partners
- Supporting existing dialogues
- Structuring and supporting closures
- Strong
sectoral understanding in growth sectors of emerging
- Strong
multicounty understanding and teams, backed by strong
- Strong
ecosystem of legal, tax, regulatory and accounting expertise
Strategic Alliances / Partnership Advisory
- Coverage
- Marketing alliances
- Collaborations
- Franchising relationships
- Supporting companies in their international and
- End to end solutions from partner search, negotiations to closure
of commercial agreements
- Backed by sectoral expertise and strong research teams, tax and
legal firm network
- Strong experience in complex JV’s and partnerships backed by
unparalleled access to potential partners for key focus sectors in
PARTNERS
Cook
Associates-M&A
- Founded in 1996, in
- Cook Associates M&A Advisory Services partners exclusively with
private equity groups (PEG) to streamline the acquisition process and
execute investment strategies to close more deals quickly.
www.cookassociates.com/ma-advisory-services
Cians
Analytics
Cians Analytics is a leading provider of advanced analytics,
business intelligence and research support for organizations across the globe.
Cian provides insight and delivers revenue-critical research and analysis. It
has experience in working with some of the finest global institutions and
mirror their focus on quality, analytical rigor and compliance especially in
the global financial services sector. Cian will be supporting Maple bringing
global best practices and analytical support for its engagements.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.74 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.62.73 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
6 |
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.