|
Report Date : |
27.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
BNP PARIBAS |
|
|
|
|
India Branch: |
French Bank, 62, Homji Street, Fort, Bombay – 400001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.01.1900 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10695.793 Millions |
|
|
|
|
FCRN: |
F00743 |
|
|
|
|
Legal Form : |
Foreign Registry Company |
|
|
|
|
Line of Business
: |
Banking Activities |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 83000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is one of the best rated banks in the world. The group has one
of the largest international networks with operations in nearly 80 countries. It is well established and reputed bank having excellent track. Trade
relations are reported as praiseworthy. Business is highly active. Payments
are reported to be regular and as per commitments. The bank can be considered best 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Standard and Poor’s |
|
Rating |
AA- |
|
Rating Explanation |
Very strong capacity to meet financial commitments. Highest Rating |
|
Date |
23.01.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Gautam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-80-25596777 |
|
Date : |
25.08.2012 |
LOCATIONS
|
Registered Office: |
Located at France |
|
|
|
|
India Branch: |
French Bank, 62, Homji Street, Fort, Bombay – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-66501300 |
|
Fax No.: |
91-22-22660144 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Landmark Building, 3rd Floor, 21/15, MG Road, Bangalore – 560001,
Karnataka, India |
|
Tel. No.: |
91-80-25596794/25596777/25581347 |
|
Fax No.: |
91-80-25596787 |
|
|
|
|
Corporate Office: |
1 North Avenue, Bandra – Kurla Complex, Bandra East, Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-22-33704000/4001 |
|
Fax No.: |
91-22-61965354 |
DIRECTORS
Not Divulged
KEY EXECUTIVES
|
Name : |
Mr. Gautam |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Jacques Michel |
|
Designation : |
Chief Executive Officer and Country Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Divulged
BUSINESS DETAILS
|
Line of Business : |
Banking Activities |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Reserve Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address: |
|
|
|
|
|
Parent Company
(**): |
|
|
|
|
|
Subsidiaries Company (with whom the Bank has transactions during
the year): |
|
|
|
|
|
Associates/ Joint Ventures of Parent Company (with whom the Bank has transactions during the year): |
|
CAPITAL STRUCTURE
(Rs. In Millions)
|
PARTICULARS |
31.03.2012 |
|
Head Office Account |
|
|
Opening Balance |
10695.793 |
|
Remittances received from Head Office during
the year |
0.000 |
|
Closing Balance |
10695.793 |
|
|
|
|
Deposit Kept with the RBI under Section
11(2) (b) of the Banking Regulations Act, 1949 |
2375.000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
BNP PARIBAS –
INIDAN BRANCHES
ABRIDGED BALANCE
SHEET
|
CAPITAL AND
LIABILITIES |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Capital |
|
10695.793 |
10695.793 |
|
Reserves and Surplus |
|
10276.866 |
9491.491 |
|
Deposits |
|
59004.021 |
46464.850 |
|
Borrowings |
|
20652.800 |
27875.986 |
|
Other
Liabilities and Provision |
|
16666.780 |
12424.281 |
|
|
|
|
|
|
TOTAL |
|
117296.260 |
106952.401 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and balances
with Reserve Bank of |
|
3403.193 |
5560.440 |
|
Balance with Banks and Money at call and short notice |
|
6348.831 |
240.980 |
|
Investments |
|
33866.134 |
38064.985 |
|
Advance |
|
61841.727 |
54507.162 |
|
Fixed Assets |
|
1502.347 |
1242.687 |
|
Others Assets |
|
10334.028 |
7336.147 |
|
|
|
|
|
|
TOTAL |
|
117296.260 |
106952.401 |
BNP PARIBAS –
INIDAN BRANCHES
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
INCOME |
|
|
|
|
Interests Earned |
|
8423.972 |
6461.064 |
|
Others Income |
|
730.013 |
2581.423 |
|
TOTAL |
|
9153.985 |
9042.487 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
Interests Expended |
|
4037.951 |
2409.494 |
|
Operating Expenses |
|
3580.347 |
2855.631 |
|
Provision and Contingencies |
|
721.978 |
1897.503 |
|
TOTAL |
|
8340.276 |
7162.628 |
|
|
|
|
|
|
PROFIT |
|
|
|
|
Net Profit for the year |
|
813.709 |
1879.859 |
|
Profit brought forward |
|
2747.710 |
1350.797 |
|
TOTAL |
|
3561.419 |
3230.656 |
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
|
|
Transfer to Statutory Reserve |
|
203.427 |
469.965 |
|
Transfer to Capital Reserve |
|
0.000 |
12.981 |
|
Transfer to Investment Reserve Account |
|
230.239 |
0.000 |
|
Transfer to Remittable Surplus Retained for
Capital Adequacy |
|
3127.753 |
0.000 |
|
Balance carried over to Balance Sheet |
|
0.000 |
2747.710 |
|
TOTAL |
|
3561.419 |
3230.656 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BACKGROUND
The financial
statements for the financial year ended 31st March 2012, comprise accounts of
Indian branches of BNP Paribas SA, which is incorporated in France with limited
liability.
CONTINGENT
LIABILITIES
(Rs.
In Millions)
|
PATICULARS |
31.03.2012 |
|
I. Claims
against the Bank not acknowledged as debts* |
0.637 |
|
II. Liability
for partly paid investments |
0.000 |
|
III. Liability
on account of outstanding forward exchange contracts |
985.678 |
|
IV. Guarantees
given on behalf of constituents |
|
|
(a)
In India |
10.865 |
|
(b)
Outside India |
35.789 |
|
v.
Acceptances, endorsements and others obligations |
2.019 |
|
VI.
Other items for which the Bank is contingently liable |
3427.454 |
AS PER WEBSITE DETAILS
PROFILE
BNP Paribas is one of the best rated banks in the
world (Rated AA- by Standard & Poor's, on 23/01/2012 ). The Group has one
of the largest international networks with operations in nearly 80 countries
and 194,400 employees, including more than 150,000 in Europe.
BNP Paribas has key positions in its three core businesses: Retail banking , Corporate & Investment Banking and Investment Solutions .
Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg.
NEWS
BNP
Paribas wins 6 awards in the 2012 Asset Investment Awards
23.08.2012
The Asset, one of the leading financial publications in Asia Pacific, has announced the annual results of its Investment Awards for 2012.
With 6
distinctions, BNP Paribas is the most awarded financial group, reinforcing its
position as a leading financial institution in Asia Pacific.
- Best Credit Derivatives House (for the third consecutive year)
- Best Rates Derivatives House - Institutional
- Best Multi-Asset Structured Product (BNP Paribas' Hybrid Bond Repack)
- Best Derivatives House – Korea (for the second consecutive year)
- Best Asset Management Company - Indonesia (for the third consecutive year)
- Best Asset Management Company - Korea (Shinhan BNP Paribas Asset Management for the third consecutive
year)
In Asia, The Asset
Triple A Awards represent a defining mark of excellence in the
industry. These awards recognise BNP Paribas' ability to tailor products,
services and solutions for Asian clients as well as its consistency over the
last 12 months.
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.55.38 |
|
|
1 |
Rs.87.79 |
|
Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
76 |
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.