MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA BIRLA MONEY MART LIMITED (w.e.f. 01.02.2010) |
|
|
|
|
Formerly Known
As : |
BIRLA SUN LIFE DISTRIBUTION COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Indian Rayon Compound, Veraval 362266, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
13.06.1997 |
|
|
|
|
Com. Reg. No.: |
062406 |
|
|
|
|
Paid up Capital
: |
Rs.200.000millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U61190GJ1997PLC062406 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Provider of Financial Services |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 296332 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Aditya Birla Nuvo Limited. It is an established
company having moderate track. There appears some accumulated losses recorded
by the company. However trade relations are reported as fair. Business is
active. Payments are reported to be slow but correct. In view of strong holding company, the subject can be considered
normal for business dealings at usual trade terms and conditions, with slight
caution on account of accumulated losses.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
Management Non Co – Operative (Name not Disclosed)
LOCATIONS
|
Registered Office : |
Indian Rayon Compound, Veraval 362266, |
|
Tel. No. : |
91-2876-248895 |
|
Fax No. : |
91-2876-243220 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
“M” Floor, Ali Towers, 55 Greams Road, Chennai – 600 006, Tamilnadu,
India |
|
Tel. No.: |
91-44-28294702/28291177 |
|
Fax No.: |
91-44-28290835/28293164 |
DIRECTORS
AS ON 19.08.2011
|
Name : |
Mr. Bishwanath M Puranmalka |
|
Designation : |
Director |
|
Address : |
Antariksha Apts., Flat No. 182, 95/96, Kakasaheb Gadgil Road,
Prabhadevi, Mumbai – 400 025, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1935 |
|
Date of Appointment : |
28.07.1998 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U61190GJ1997PLC062406
|
Aditya Birla
Money Mart Limited |
Director |
28/07/1998 |
28/07/1998 |
- |
Active |
NO |
|
2 |
U65990GJ1991PLC064603
|
Aditya Birla
Finance Limited |
Director |
31/03/1999 |
31/03/1999 |
- |
Active |
NO |
|
3 |
U99999MH2000PLC128110
|
Birla Sun Life
Insurance Company Limited |
Director |
04/08/2000 |
04/08/2000 |
- |
Active |
NO |
|
4 |
U99999HP1994PLC031518
|
Bina Power
Supply Company Limited |
Director |
11/11/2003 |
11/11/2003 |
15/05/2008 |
Amalgamated |
NO |
|
5 |
U74899MH1994PTC166755
|
Birla Sun Life
Trustee Company Private Limited |
Director |
23/09/2004 |
23/09/2004 |
- |
Active |
NO |
|
Name : |
Mr. Ajay Srinivasan |
|
Designation : |
Director |
|
Address : |
9/101, Narain terraces, 7th 8th Floor, Union
Park Road, Pali Hill, Bandra (W), Mumbai – 400 050, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1963 |
|
Date of Appointment : |
31.07.2007 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U99999DL1993PLC054135
|
Icici Prudential
Asset Management Company Limited |
Nominee director
|
03/03/1998 |
03/03/1998 |
18/07/2007 |
Active |
NO |
|
2 |
U61190GJ1997PLC062406
|
Aditya Birla
Money Mart Limited |
Director |
20/07/2009 |
31/07/2007 |
- |
Active |
NO |
|
3 |
U65990GJ1991PLC064603
|
Aditya Birla
Finance Limited |
Director |
01/08/2008 |
31/07/2007 |
- |
Active |
NO |
|
4 |
U99999MH2000PLC128110
|
Birla Sun Life
Insurance Company Limited |
Director |
01/07/2010 |
01/08/2007 |
- |
Active |
NO |
|
5 |
U65991MH1994PLC080811
|
Birla Sun Life
Asset Management Company Limited |
Director |
24/05/2008 |
02/08/2007 |
- |
Active |
NO |
|
6 |
U73100MH1999PTC118379
|
Aditya Birla
Management Corporation Private Limited |
Director |
30/08/2007 |
30/08/2007 |
- |
Active |
NO |
|
7 |
U65999MH2008PLC183695
|
Aditya Birla
Financial Shared Services Limited |
Director |
19/06/2008 |
19/06/2008 |
20/10/2008 |
Active |
NO |
|
8 |
U74140MH2008PTC179360
|
Aditya Birla Capital
Advisors Private Limited |
Director |
14/09/2009 |
21/11/2008 |
- |
Active |
NO |
|
9 |
U91990MH2005NPL150661
|
Financial
Planning Standards Board India |
Director |
11/09/2009 |
11/09/2009 |
01/04/2011 |
Active |
NO |
|
10 |
U67190MH2008PTC179283
|
Aditya Birla
Securities Private Limited |
Director |
24/09/2010 |
31/07/2010 |
- |
Active |
NO |
|
Name : |
Mr. Pankaj J Razdan |
|
Designation : |
Director |
|
Date of Birth/Age : |
16.11.1968 |
|
Date of Appointment : |
23.05.2008 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U99999DL1993PLC054135
|
Icici Prudential
Asset Management Company Limited |
Managing
director |
15/06/2007 |
27/01/2004 |
18/07/2007 |
Active |
NO |
|
2 |
U65991MH1995NPL092062
|
Association Of
Mutual Funds In India |
Director |
22/03/2004 |
22/03/2004 |
23/08/2007 |
Active |
NO |
|
3 |
U61190GJ1997PLC062406
|
Aditya Birla
Money Mart Limited |
Director |
23/05/2008 |
23/05/2008 |
- |
Active |
NO |
|
4 |
U65999MH2008PLC183695
|
Aditya Birla Financial
Shared Services Limited |
Director |
18/09/2009 |
19/06/2008 |
- |
Active |
NO |
|
5 |
L65993GJ1995PLC064810
|
Aditya Birla
Money Limited |
Director |
15/07/2009 |
23/09/2008 |
- |
Active |
NO |
|
6 |
U51501GJ2003PLC065196
|
Aditya Birla
Commodities Broking Limited |
Director |
15/07/2009 |
06/03/2009 |
- |
Active |
NO |
|
7 |
U65991MH1994PLC080811
|
Birla Sun Life
Asset Management Company Limited |
Director |
23/07/2010 |
21/10/2009 |
- |
Active |
NO |
|
8 |
U67190MH2008PTC179283
|
Aditya Birla
Securities Private Limited |
Director |
24/09/2010 |
31/07/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sushil Agarwal |
|
Designation : |
Director |
|
Date of Birth/Age : |
13.06.1963 |
|
Date of Appointment : |
19.07.2010 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U17110MH2000PLC127428
|
Bgh Exim Limited
|
Director |
27/06/2000 |
27/06/2000 |
- |
Active |
NO |
|
2 |
U17110MH2000PLC127427
|
Aditya Birla
Power Company Limited |
Director |
26/07/2000 |
26/07/2000 |
- |
Active |
NO |
|
3 |
U72900MH2000PTC129116
|
Birla Tmt
Holdings Private Limited |
Director |
12/10/2000 |
12/10/2000 |
- |
Active |
NO |
|
4 |
U64200MH2000PTC129356
|
Igh Holdings
Private Limited |
Director |
24/10/2000 |
24/10/2000 |
- |
Active |
NO |
|
5 |
U64200MH1995PLC086464
|
Birla Telecom
Limited |
Director |
09/02/2001 |
09/02/2001 |
- |
Strike off |
NO |
|
6 |
U67190MH1996PTC099628
|
Bgfl Corporate
Finance Private Limited |
Director |
12/10/2001 |
12/10/2001 |
- |
Active |
NO |
|
7 |
U92110MH2002PTC135228
|
Applause
Entertainment Private Limited |
Director |
20/03/2002 |
20/03/2002 |
- |
Active |
NO |
|
8 |
U70100MH2000PTC127785
|
B G H Properties
Private Limited |
Director |
20/03/2002 |
20/03/2002 |
- |
Active |
NO |
|
9 |
U65993MH2002PTC135827
|
Tgs Investment
& Trade Private Limited |
Director |
09/05/2002 |
09/05/2002 |
- |
Active |
NO |
|
10 |
U72300MH1999PTC122375
|
Infocyber India
Private Limited |
Director |
27/11/2002 |
27/11/2002 |
- |
Active |
NO |
|
11 |
U72900MH2003PTC138702
|
Applause
Bhansali Films Private Limited |
Director |
16/01/2003 |
16/01/2003 |
- |
Active |
NO |
|
12 |
U92132AP2004PTC042536
|
Applause
Entertainment Ap Private Limited |
Director |
30/01/2004 |
30/01/2004 |
- |
Active |
NO |
|
13 |
U24111OR1981PLC000917
|
Mangalam Carbide
Ltd |
Director |
23/07/2004 |
23/07/2004 |
- |
Active |
NO |
|
14 |
U85300MH2007NPL170194
|
Mumbai Vaish
Seva Sansthan |
Director |
21/04/2007 |
21/04/2007 |
- |
Active |
NO |
|
15 |
U65900MH1988PTC048551
|
Naman Finance
And Investment Pvt Ltd |
Director |
28/09/2007 |
14/08/2007 |
- |
Active |
NO |
|
16 |
U36911MH2007PTC170349
|
Azure Jouel
Private Limited |
Director |
01/08/2008 |
08/04/2008 |
- |
Active |
NO |
|
17 |
U01409MH2002PTC135738
|
Green Acre Agro
Services Private Limited |
Director |
23/06/2008 |
09/06/2008 |
- |
Active |
NO |
|
18 |
U45200MH2007PTC173199
|
Abg Realty And
Infrastructure Company Private Limited |
Director |
30/09/2009 |
03/11/2008 |
- |
Active |
NO |
|
19 |
U67190MH2007PTC171369
|
Birla Family
Investments Private Limited |
Additional
director |
03/11/2008 |
03/11/2008 |
30/01/2009 |
Active |
NO |
|
20 |
U18101KA2007PLC042754
|
Indigold Trade
And Services Limited |
Director |
11/08/2009 |
15/07/2009 |
10/12/2009 |
Active |
NO |
|
21 |
U72200KA2000PLC031939
|
Aditya Birla
Minacs Technologies Limited |
Director |
15/07/2010 |
15/07/2009 |
- |
Amalgamated |
NO |
|
22 |
U85110GJ1994PLC058690
|
Madura Garments
Exports Limited |
Director |
15/07/2009 |
15/07/2009 |
- |
Amalgamated |
NO |
|
23 |
U65910GJ1994PLC022685
|
Abnl Investment
Limited |
Additional
director |
15/07/2009 |
15/07/2009 |
- |
Active |
NO |
|
24 |
U18101GJ2007PLC058604
|
Madura Garments
Lifestyle Retail Company Limited |
Director |
11/08/2009 |
20/07/2009 |
- |
Active |
NO |
|
25 |
U72200KA1976PLC027564
|
Aditya Birla
Minacs It Services Limited |
Director |
02/09/2010 |
22/07/2009 |
28/05/2011 |
Amalgamated |
NO |
|
26 |
U99999KA1995PLC052040
|
Aditya Birla
Minacs Worldwide Limited |
Director |
02/08/2010 |
22/07/2009 |
- |
Active |
NO |
|
27 |
U18101GJ2007PLC058606
|
Peter England Fashions
And Retail Limited |
Director |
15/07/2010 |
06/08/2009 |
- |
Active |
NO |
|
28 |
U61190GJ1997PLC062406
|
Aditya Birla
Money Mart Limited |
Director
appointed in casual vacancy |
19/07/2010 |
19/07/2010 |
- |
Active |
NO |
|
29 |
U67190MH2008PTC179283
|
Aditya Birla
Securities Private Limited |
Director |
24/09/2010 |
31/07/2010 |
- |
Active |
NO |
|
30 |
U99999GJ2001PLC062239
|
Aditya Birla
Insurance Brokers Limited |
Director |
23/09/2011 |
24/01/2011 |
- |
Active |
NO |
|
31 |
L17199GJ1956PLC001107
|
Aditya Birla
Nuvo Limited |
Whole-time
director |
28/09/2011 |
30/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Manoj Kedia |
|
Designation : |
Director |
|
Date of Birth/Age : |
08.10.1965 |
|
Date of Appointment : |
31.03.2009 |
|
Date of Cessation: |
19.07.2010 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65910GJ1994PLC022685
|
Abnl Investment
Limited |
Director |
16/07/1999 |
16/07/1999 |
- |
Active |
NO |
|
2 |
U64202MH2005PLC158190
|
Aditya Birla
Telecom Limited |
Director |
20/12/2005 |
20/12/2005 |
- |
Active |
NO |
|
3 |
L65993GJ1995PLC064810
|
Aditya Birla
Money Limited |
Director |
15/07/2009 |
06/03/2009 |
- |
Active |
NO |
|
4 |
U61190GJ1997PLC062406
|
Aditya Birla
Money Mart Limited |
Director |
20/07/2009 |
31/03/2009 |
19/07/2010 |
Active |
NO |
|
5 |
U65923MH2009PLC194378
|
Lil Investment
Limited |
Director |
27/07/2009 |
27/07/2009 |
10/12/2009 |
Active |
NO |
|
6 |
U72400MH1998PTC117241
|
Aditya Birla Minacs
Bpo Private Limited |
Director |
23/07/2010 |
09/03/2010 |
- |
Active |
NO |
|
7 |
U51501GJ2003PLC065196
|
Aditya Birla
Commodities Broking Limited |
Director |
23/09/2011 |
21/07/2010 |
- |
Active |
NO |
|
8 |
U45209GJ2010PTC063113
|
Shaktiman Mega
Food Park Private Limited |
Director |
02/12/2010 |
02/12/2010 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Lal Tahilramani |
|
Designation : |
Manager |
|
Date of Birth/Age : |
12.02.1970 |
|
Date of Appointment : |
06.11.2007 |
|
|
|
|
Name : |
Mr. Amber Gupta |
|
Designation : |
Secretary |
|
Date of Birth/Age : |
11.02.1978 |
|
Date of Appointment : |
07.07.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.08.2011
|
Names of Equity Shareholders |
No. of Shares |
|
Aditya Birla Financial Services Private Limited, Mumbai |
19999994 |
|
Aditya Birla Financial Services Private Limited Jointly with ABNL
Investment Limited (Formerly Laxminarayan Investment Limited), Mumbai |
1 |
|
Aditya Birla Financial Services Private Limited Jointly with Devendra
Bhandari, Worli, Mumbai |
1 |
|
Aditya Birla Financial Services Private Limited Jointly with Manoj
Shah, Worli, Mumbai |
1 |
|
Aditya Birla Financial Services Private Limited Jointly with Sudhir
Maheshwari, Worli, Mumbai |
1 |
|
Aditya Birla Financial Services Private Limited Jointly with S S
Pareek , Worli, Mumbai |
1 |
|
Aditya Birla Financial Services Private Limited Jointly with Anupam
Gupta, Worli, Mumbai |
1 |
|
Total
|
20000000 |
AS ON 19.08.2011
|
Names of Preference Shareholders |
No. of Shares |
|
Aditya Birla Financial Services Private Limited |
100000000 |
AS ON 19.08.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of Financial Services |
GENERAL INFORMATION
|
Bankers : |
Scheduled Banks |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountant |
|
Address : |
42, Free Press House, 215, Nariman Point, Mumbai 400021, |
|
Tel. No.: |
91-22-61326999 |
|
Fax No.: |
91-22-22856237 |
|
|
|
|
Subsidiaries : |
Aditya Birla Money Insurance Advisory Services Limited CIN No.: U66030MH2001PLC133354 |
|
|
|
|
Holding Company: |
Aditya Birla Nuvo Limited CIN No.: L17199GJ1956PLC001107 |
CAPITAL STRUCTURE
AS ON 19.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs. 10 each |
Rs.250.000 millions |
|
|
|
|
|
|
100000000 |
Preference Shares |
Rs. 10 each |
Rs. 1000.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs. 10 each |
Rs.200.000 millions |
|
|
|
|
|
|
100000000 |
Preference Shares |
Rs. 10 each |
Rs. 1000.000 millions |
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs. 10 each |
Rs.250.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares (All the above equity shares are held by the holding company Aditya
Birla Nuvo Limited) (During the year the company has issued 12825001 nos. of equity shares
of Rs. 10 each at par to Aditya Birla Nuvo Limited on 06.08.2009) |
Rs. 10 each |
Rs.200.000millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
200.000 |
71.749 |
71.749 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
38.372 |
38.372 |
67.302 |
|
|
4] (Accumulated Losses) |
(164.289) |
(62.280) |
0.000 |
|
|
NETWORTH |
74.083 |
47.841 |
139.051 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
80.000 |
91.000 |
0.000 |
|
|
TOTAL BORROWING |
80.000 |
91.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.628 |
|
|
|
|
|
|
|
|
TOTAL |
154.083 |
138.841 |
139.679 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
58.021 |
46.431 |
36.978 |
|
|
Capital work-in-progress |
0.228 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.902 |
20.400 |
78.419 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
81.000
|
40.843 |
50.612 |
|
|
Cash & Bank Balances |
11.383
|
5.784 |
21.416 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
137.003
|
88.872 |
41.010 |
|
Total
Current Assets |
229.386
|
135.499 |
113.038 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
108.066
|
44.367 |
0.000 |
|
|
Other Current Liabilities |
24.902
|
14.491 |
86.240 |
|
|
Provisions |
5.486
|
4.631 |
2.572 |
|
Total
Current Liabilities |
138.454
|
63.489 |
88.812 |
|
|
Net Current Assets |
90.932
|
72.010 |
24.226 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.056 |
|
|
|
|
|
|
|
|
TOTAL |
154.083 |
138.841 |
139.679 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
528.202 |
223.028 |
386.893 |
|
|
|
Other Income |
5.004 |
10.263 |
7.894 |
|
|
|
TOTAL (A) |
533.206 |
233.291 |
394.787 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Personnel Cost |
193.054 |
107.069 |
64.309 |
|
|
|
Sub Brokerage and Fees |
263.737 |
123.133 |
225.365 |
|
|
|
Administrative Expenses |
155.902 |
78.960 |
54.565 |
|
|
|
TOTAL (B) |
612.693 |
309.162 |
344.239 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(79.487) |
(75.871) |
50.548 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.716 |
1.552 |
0.112 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(89.203) |
(77.423) |
50.436 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.805 |
12.242 |
11.081 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(102.008) |
(89.665) |
39.355 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
1.545 |
12.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(102.008) |
(91.210) |
26.949 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(62.280) |
28.929 |
1.980 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(164.288) |
(62.281) |
28.929 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(6.60) |
(12.71) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(19.13)
|
(39.09) |
6.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(19.31)
|
(40.20) |
10.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(35.49)
|
(49.28) |
26.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.37)
|
(1.87) |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.94
|
3.22 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
2.13 |
1.27 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
Rs. In Millions
|
Particulars |
31.03.2010
|
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
108.066
|
44.367 |
0.000 |
NOTE:
Registered office of the company has been shifted from One India Bulls Centre, Tower 1, 14 Floor, Jupiter Mill Compund, 841 Senapati BApat mArg, Elphinstone Road, Mumbai 400013, Maharashtra, India to the present address w.e.f. 04.08.2010
FINANCIAL
PERFORMANCE:
The company achieved a gross revenue of Rs. 533.210 millions during the year
against the gross revenue of Rs. 233.300 millions during the previous year an
increases of 128%.
The company continues to expand its operations and as a result, the
total loss before deprecation and tax was Rs. 89.200 millions against a loss of
Rs. 77.420 millions in the previous year. The loss after tax was Rs. 102.010
millions against a loss of Rs. 91.210 millions in the pervious year. The
company also increased its range of product offering to include investment
solutions like private equity, alterative investments, structured products and
real estate broking services.
During the year the company has mobilized fund under different assets
classes aggregating Rs. 3440 billion. The assets under advice as at March 31,
2010 were Rs. 163.87 billion as against Rs. 95.25 billion last year the market
share of comp-any average assets under advice has increased to 2.66% in the
current year from 2.28% last year.
CHANGE NAME:
The name of the company was changed to Adity Birla Money Limited vide
fresh certificate of Incorporation dated 01.02.2010, issued by Registrar of
Companies,
FIXED ASSETS:
- Trade Names
and Other Business Rights
- Computer
Softwares
- Leasehold
Improvements
- Computer
- Equipments
- Furniture and
Fixtures
- Vehicles
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.48.87 |
|
|
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--BE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
Be |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Be |
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 |
Be |
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.