MIRA INFORM REPORT

 

 

Report Date :

01.12.2012

 

IDENTIFICATION DETAILS

 

Name :

BOARD OF CONTROL FOR CRICKET IN INDIA

 

 

Registered Office :

2nd Floor, Cricket Centre, Wankhede Stadium, D Road, Mumbai – 400020, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Year of Establishment :

1929

 

 

Capital Investment / Paid-up Capital :

Rs.13104.200 Millions

 

 

Legal Form :

Association

 

 

Line of Business :

Governing body for cricket in India.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (64)

 

RATING

STATUS

PROPOSED CREDIT LINE

 

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a governing body for cricket in India. It is an old and well established association having fine track.

 

Financial position of the subject is sound and healthy. The management appears to be well experienced and knowledgeable people.

 

Trade relations are reported as decent. Business is active. Payment terms are regular and as per commitment.

 

The association can be considered 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.

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

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 DECLINED

 

Management Non Co-operative

(91-22-22898800)

 

LOCATIONS

 

Registered Office :

2nd Floor, Cricket Centre, Wankhede Stadium, D Road, Mumbai – 400020, Maharashtra, India

Tel. No.:

91-22-22898800

Fax No.:

91-22-22898801

E-Mail :

info@bajajsports.com

bcci@vsnl.com

cricketboard@gmail.com

Website :

http://www.bcci.tv.com

 

 

MEMBERSHIP

 

Name :

Mr. N Srinivasan

Designation :

President

 

 

Name :

Mr. Sanjay Jagdale

Designation :

Hony. Secretary

 

 

Name :

Mr. Anurag Thakur

Designation :

Hony. Jt. Secretary

 

 

Name :

Mr. Ajay Shirke

Designation :

Hony. Treasurer

 

 

Vice Presidents:

Mr. Niranjan Shah – West Zone

Mr. Sudhir Dabir – Central Zone

Mr. Chitrak Mitra – East Zone

Mr. Arun Jaitley – North Zone

Mr. N Shivlal Yadav – South Zone

 

COMMITTEES

 

WORKING COMMITTEE

 

Sr. No

Name

Designation

1

N SRINIVASAN

PRESIDENT

2

SANJAY JAGDALE

HONORARY SECRETARY

3

ANURAG THAKUR

HONORARY JOINT SECRETARY

4

AJAY SHIRKE

HONORARY TREASURER

5

ARUN JAITLEY

VICE PRESIDENT (NORTH)

6

N SHIVLAL YADAV

VICE PRESIDENT (SOUTH)

7

CHITRAK MITRA

VICE PRESIDENT (EAST)

8

NIRANJAN SHAH

VICE PRESIDENT (WEST)

9

SUDHIR DABIR

VICE PRESIDENT (CENTRAL)

10

DELHI & DISTRICT CRICKET ASSOCIATION

PERMANENT TEST CENTRE

11

TAMIL NADU CRICKET ASSOCIATION

PERMANENT TEST CENTRE

12

CRICKET ASSOCIATION OF BENGAL

PERMANENT TEST CENTRE

13

MUMBAI CRICKET ASSOCIATION

PERMANENT TEST CENTRE

14

UTTAR PRADESH CRICKET ASSOCIATION

PERMANENT TEST CENTRE

15

ASSOCIATION OF INDIAN UNIVERSITIES (NORTH)

BY ROTATION

16

ANDHRA CRICKET ASSOCIATION (SOUTH)

BY ROTATION

17

TRIPURA CRICKET ASSOCIATION (EAST)

BY ROTATION

18

SAURASHTRA CRICKET ASSOCIATION (WEST)

BY ROTATION

19

RAJASTHAN CRICKET ASSOCIATION (CENTRAL)

BY ROTATION

20

KARNATAKA STATE CRICKET ASSOCIATION

STAGED TEST MATCH IN THE LAST 2 YEARS

21

PUNJAB CRICKET ASSOCIATION

STAGED TEST MATCH IN THE LAST 2 YEARS

22

GUJARAT CRICKET ASSOCIATION

STAGED TEST MATCH IN THE LAST 2 YEARS

23

VIDARBHA CRICKET ASSOCIATION

STAGED TEST MATCH IN THE LAST 2 YEARS

24

HYDERABAD CRICKET ASSOCIATION

STAGED TEST MATCH IN THE LAST 2 YEARS

 

SENIOR TOURNAMENT COMMITTEE

 

Sr. No

Name

Designation

1

MR. SUDHIR DABIR

CHAIRMAN

2

SERVICES SPORTS CONTROL BOARD

--

3

HYDERABAD CRICKET ASSOCIATION

--

4

CRICKET ASSOCIATION OF BENGAL

--

5

SAURASHTRA CRICKET ASSOCIATION

--

6

RAJASTHAN CRICKET ASSOCIATION

--

7

SANJAY JAGDALE

HON. SECRETARY/CONVENOR

 

TECHNICAL COMMITTEE

 

Sr. No

Name

Designation

1

ANIL KUMBLE

CHAIRMAN

2

VINAY LAMBA

(NORTH)

3

M S K PRASAD

(SOUTH)

4

DEEP DASGUPTA

(EAST)

5

SHASHIKANT KHANDKAR

(CENTRAL)

6

MAHENDRA RAJDEV

(WEST)

7

SANDEEP PATIL

(CHAIRMAN SENIOR SELECTION COMM)

8

DEBASIS MOHANTHY

(FORMER TEST CRICKETER)

9

V K RAMASWAMY

(FORMER TEST UMPIRE)

10

SANJAY JAGDALE

HON. SECRETARY/CONVENOR

 

TOUR, PROGRAMME & FIXTURE COMMITTEE

 

Sr. No

Name

Designation

1

ARUN JAITLEY

CHAIRMAN

2

G S WALIA

(NORTH)

3

P. YADAGIRI

(SOUTH)

4

RAJIV SINGH

(EAST)

5

NITIN DALAL

(WEST)

6

SHOAIB AHMED

(CENTRAL)

7

SANJAY JAGDALE

HON. SECRETARY / CONVENOR

 

FINANCE COMMITTEE

 

Sr. No

Name

Designation

1

JYOTIRADITYA M SCINDIA

CHAIRMAN

2

ANIRUDH CHAUDHRY

(NORTH)

3

T C MATHEW

(SOUTH)

4

NILAY DUTTA

(EAST)

5

SANJAY PATEL

(WEST)

6

KISHORE DEWANI

(CENTRAL)

7

AJAY SHIRKE

HON. TREASURER / CONVENOR

 

JUNIOR CRICKET COMMITTEE

 

Sr. No

Name

Designation

1

N SHIVLAL YADAV

CHAIRMAN

2

ARUN THAKUR

(NORTH)

3

J ABHIRAM

(SOUTH)

4

MALAY CHAKRABORTHY

(EAST)

5

RAJU KANE

(WEST)

6

MAHENDRA SHARMA

(CENTRAL)

7

ANURAG THAKUR

HON. JT. SECRETARY / CONVENOR

 

UMPIRES SUB-COMMITTEE

 

Sr. No

Name

Designation

1

NIRANJAN SHAH

CHAIRMAN

2

SUNIL DEV

(NORTH)

3

R SUDHAKAR RAO

(SOUTH)

4

SATYA MOHANTY

(EAST)

5

DEVENDRA SOLANKI

(WEST)

6

BHAGWAN DAS SUTHAR

(CENTRAL)

7

S VENKATARAGHAVAN

DIRECTOR

8

A V JAYAPRAKASH

RETD. TEST UMPIRE

9

ANURAG THAKUR

HON.JT. SECRETARY / CONVENOR

 

VIZZY TROPHY COMMITTEE

 

Sr. No

Name

Designation

1

CHITRAK MITRA

CHAIRMAN / VICE PRESIDENT

2

DR. SHEKAR SALKAR

(SOUTH)

3

BABUL HORE

(EAST)

4

 

(A.I.U)

5

 

(A.I.U) / JOINT CONVENOR

6

ANURAG THAKUR

HON. JT. SECRETARY / JOINTY CONVENOR

 

WOMEN'S COMMITTEE

 

Sr. No

Name

Designation

1

AJAY SHIRKE

CHAIRMAN

2

RESHMA GANDHI

(NORTH)

3

VIDYA YADAV

(SOUTH)

4

ANURADHA MISRA

(EAST)

5

SANGEETA DABIR

(CENTRAL)

6

TRUPTI BHATTACHARYA

(WEST)

7

SANJAY JAGDALE

HON. SECRETARY / CONVENOR

 

ALL INDIA SENIOR SELECTION COMMITTEE

 

Sr. No

Name

Designation

1

SANDEEP PATIL

WEST-CHAIRMAN

2

VIKRAM RATHOUR

(NORTH)

3

SABA KARIM

(EAST)

4

ROGER BINNY

(SOUTH)

5

RAJINDER SINGH HANS

(CENTRAL)

6

SANJAY JAGDALE

HON. SECRETARY / CONVENOR

 

ALL INDIA JUNIOR SELECTION COMMITTEE

 

Sr. No

Name

Designation

1

CHANDRAKANT PANDIT

WEST-CHAIRMAN

2

AMAN KUMAR

(NORTH)

3

K.JAYARAMAN

(SOUTH)

4

ARUP BHATTACHARYA

(EAST)

5

PRITAM GANDHE

(CENTRAL)

6

ANURAG THAKUR

HON. JT. SECRETARY/CONVENOR

 

ALL INDIA WOMEN'S SELECTION COMMITTEE

 

Sr. No

Name

Designation

1

GARGI BANERJEE

EAST - CHAIRPERSON

2

GULSHAN SHARMA

(NORTH)

3

SUDHA SHAH

(SOUTH)

4

AMRITA SHINDE

(WEST)

5

RITA DEY

(CENTRAL)

6

SANJAY JAGDALE

HON. SECRETARY / CONVENOR

 

IPL GOVERNING COUNCIL

 

Sr. No

Name

Designation

1

RAJEEV SHUKLA

(CHAIRMAN)

2

ARUN JAITLEY

--

3

ANIRUDH CHAUDHRY

--

4

DR. G. GANGA RAJU

--

5

SANJAY PATEL

--

6

AMITABH CHOUDHARY

--

7

RAVI SHASTRI

--

8

M P PANDOVE

--

 

LEGAL COMMITTEE

 

Sr. No

 

Name

1

ARUN JAITLEY

2

D. V. S.S. SOMAYAJULU

3

NILAY DUTTA

4

MOHD ASLAM GONI

 

SPECIALISED ACADEMIES COMMITTEE

 

Sr. No

Name

Designation

1

M P PANDOVE

CHAIRMAN

2

PREM THAKUR

--

3

RANGA ABHEYANKAR

--

4

R I PALANI

--

5

VIJAY NAYUDU

--

6

SAMARJIT GAIKWAD

--

7

RAJESH PATEL

--

 

NATIONAL CRICKET ACADEMY BOARD

 

Sr. No

Name

Designation

1

RANJIB BISWAL

CHAIRMAN

2

SUNIL DEV

VICE CHAIRMAN

3

CHETAN DESAI

--

4

K S VISWANATHAN

--

5

RAKESH PARIKH

--

6

GYANENDRA PANDEY

--

6

BIKASH BARUAH

--

6

BISWARUP DEY

--

 

CONSTITUTION REVIEW COMMITTEE

 

Sr. No

Name

1

N SRINIVASAN

2

ARUN JAITLEY

3

D.V. SUBBA RAO

4

MOHD. ASLAM GONI

 

MUSEUM COMMITTEE

 

Sr. No

Name

Designation

1

ANIRUDH CHAUDHRY

CHAIRMAN

2

SHIRAZ GIMI

--

3

KRISHNAMURTHY HOODA

--

4

SANJIB KUMAR DUTTA

--

5

V V S R G K YACHENDRA

--

6

M R KRISHNA

--

7

S.VENKATESWARAN

--

8

SUJAN MUKHERJEE

--

9

YUDHVIR SINGH

--

10

A N VOHRA

--

11

GUBINDO MUKHERJEE

--

12

ARUN GANDHI

--

13

M L NEHRU

--

14

VIVEK VYAS

--

15

AKBAR MULLA

--

16

J NARENDRANATH

--

17

DR. VIJAY PATIL

--

 

MEDIA COMMITTEE

 

Sr. No

Name

Designation

1

C P JOSHI

CHAIRMAN

2

S P BANSAL

VICE CHAIRMAN

3

VINOD DESHPANDE

MUMBAI CA

4

DR. R N BABA

TNCA

5

SHARAD PADHYE

VCA

6

S P TRIPATHI

ORISSA CA

 

MARKETING SUB-COMMITTEE

 

Sr. No

Name

Designation

1

DR. FAROOQ ABDULLAH

CHAIRMAN

2

GAUTAM ROY

--

3

RAJEEV SHUKLA

--

4

ARINDAM GANGULY

--

5

PRAKASH DIXIT

--

6

MADHUKAR WORAH

--

7

VINOD PHADKE

--

8

N R MANIVANNAN

--

9

M M MISHRA

--

10

CHIRAYU AMIN

--

11

C K KHANNA

--

12

T R BALAKRISHNAN

--

13

ASIRBAD BEHERA

--

14

TALLAM VENKATESH

--

15

K K SHARMA

--

16

ASHOK KUMAT

--

17

ARVIND CHAUDHRY

--

18

DR. P V SHETTY

--

19

MOHD ASLAM GONI

--

20

K P KAJARIA

--

21

VISHWAJIT KHANNA

--

22

SUBIR GANGULY

--

23

RANGA RAJU

--

 

GROUND & PITCHES COMMITTEE

 

Sr. No

Name

Designation

1

DALJIT SINGH

NORTH-CHAIRMAN

2

P R VISHWANATHAN

(SOUTH)

3

ASHISH BHOWMICK

(EAST)

4

SUDHIR NAIK

(WEST)

5

TAPOSH CHATTERJEE

(CENTRAL)

6

SANJAY JAGDALE

HONORARY SECRETARY / CONVENOR

 

AFFILIATION COMMITTEE

 

Sr. No

Name

Designation

1

ARUN JAITLEY

--

2

MOHD ASLAM GONI

--

3

SANJAY JAGDALE

--

 

NEW AREA DEVELOPMENT COMMITTEE

 

Sr. No

Name

Designation

1

JAGMOHAN DALMIYA

CHAIRMAN

2

K S VISWANATHAN

--

3

BIKAS BARUAH

--

4

ARINDAM GANGULY

--

5

SANJAY JAGDALE

CONVENOR

 

CORPORATE TROPHY COMMITTEE

 

Sr. No

Name

Designation

1

MOHD ASLAM GONI

CHAIRMAN

2

RAJESH VERMA

--

3

RAVISHANKAR PATHARI

--

 

INFORMATION & TECHNOLOGY COMMITTEE

 

Sr. No

Name

Designation

1

SUDHIR DABIR

CHAIRMAN

2

DR. M V SRIDHAR

--

3

SANJAY PATEL

--

4

SADANANDA MAIYA

--

5

V P NARASIMHAN

--

6

AIR CMDE M. BALADITYA

--

 

DATA MANAGEMENT COMMITTEE

 

Sr. No

Name

Designation

1

ANIRUDH CHAUDHRY

CHAIRMAN

2

T C MATHEW

--

3

BABUL HORE

--

4

G VINOD

--

5

BHARAT SHAH

--

6

VINOD PHADKE

--

 

DISCIPLINARY COMMITTEE

 

Sr. No

Name

1

N SRINIVASAN

2

ARUN JAITLEY

3

NIRANJAN SHAH

 

DISCIPLINARY COMMITTEE - TO CONTINUE THE ENQUIRY AGAINST MR. LALIT MODI

 

Sr. No

Name

1

ARUN JAITLEY

2

CHIRAYU AMIN

3

JYOTIRADITYA M SCINDIA

 

 

STATE ASSOCIATIONS 

 

North Zone:

·         Delhi and District Cricket Association

·         Service Sports Control Board

·         Punjab Cricket Association

·         Jammu and  Kashmir Cricket Association

·         Haryana Cricket Association

·         Himanchal Pradesh

·         All India Universities

 

 

South Zone:

·         Tamilnadu Cricket Association

·         The Karnataka State Cricket Association

·         The Hydrabad Cricket Association

·         Kerala Cricket Association

·         Andhra Cricket Association

·         Goa Cricket Association

 

 

East Zone:

·         The Cricket Association Bengal

·         Tripura Cricket Association

·         Jharkhand State Cricket Association

·         Assam Cricket Association

·         Orissa Cricket Association

·         National Cricket Club

 

 

West Zone:

·         Mumbai Cricket Association

·         Maharashtra Cricket Association

·         Baroda Cricket Association

·         Gujarat Cricket Association

·         Saurashtra Cricket Association

 

 

Central Zone:

·         U P Cricket Association

·         M P Cricket Association

·         Rajashthan Cricket Association

·         Vidarbha Cricket Association

·         Railways Sport Promotion Board

 

 

BUSINESS DETAILS

 

Line of Business :

Governing body for cricket in India.

 

CAPITAL STRUCTURE

 

As on 31.03.2012

 

Capital Investment / Paid-up Capital : Rs.13104.200 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

BALANCE SHEET

 

Particulars

 

31.03.2012

31.03.2011

31.03.2010

 

 

 

 

SOURCES OF FUNDS

 

 

 

General Fund

13104.200

10511.900

7643.116

Earmarked Funds

2151.100

873.700

1755.944

Current Liabilities & Provisions

16294.400

13923.300

14458.670

Amount Received from Encashment of Bank Guarantee

1533.400

0.000

0.000

 

 

 

 

TOTAL

 

33083.100

25308.900

23857.730

 

 

 

 

APPLICATION OF FUNDS

 

 

 

Fixed Assets

 

 

 

    Gross Block

859.400

820.200

322.919

    Less: Accumulated Depreciation / Amortisation

235.500

143.000

103.191

    Net Block

623.900

677.200

219.728

 

 

 

 

Current Assets, Loans & Advances

32459.200

24631.700

23638.002

 

 

 

 

TOTAL

 

33083.100

25308.900

23857.730

 

 

INCOME & EXPENDITURE ACCOUNT

 

Particulars

 

31.03.2012

31.03.2011

31.03.2010

 

 

 

 

INCOME

 

 

 

Annual Subscription

0.017

0.017

0.017

 

 

 

 

Amount Transferred from Summary Tour Account

2134.500

1941.000

1545.373

Surplus from Indian Premier League

2651.400

1187.600

0.000

Surplus from Champions League - T 20

476.300

482.900

392.701

Income from Grant of Media Rights

4377.500

3885.600

5750.493

Less: T.V. and Other Production Costs

(436.400)

(491.700)

0.000

Less: Amounts Due to State Associations

(2758.700)

(2375.700)

0.000

Minimum Guarantee Royalty from a Sponsor

120.000

146.300

155.000

Additional Sponsorship Income

20.000

0.000

56.750

Distributions from International Cricket Council

626.500

238.100

252.419

Interest Income

974.700

736.800

656.824

Provision No Longer Required Written Back

0.000

0.000

69.818

Other Income

308.600

62.000

(18.327)

Income from Earlier Year Tours

0.000

0.000

0.050

 

 

 

 

TOTAL

 

8494.400

5812.900

8861.118

 

 

 

 

EXPENDITURE

 

 

 

Expenditure on Cricketing Activities

3383.800

2536.200

8229.300

Gross Revenue Share of the Board Payable to Players

474.900

212.200

 

Coaching Expenses

65.800

73.700

 

Establishment and Other Expenses

533.400

412.100

 

Interest on Funds

56.900

99.900

 

ICC Annual Subscription

80.300

77.200

 

Contributions

0.500

0.500

 

Depreciation and Amortisation

29.000

18.800

 

Reversal of Amount Recoverable from

Mr. Jagmohan Dalmiya - PILCOM / INDCOM / World Cup 1996

0.000

466.400

 

Provision for Doubtful Receivables and Loans and Advances

22.900

15.200

 

Prior Period Expenses

23.300

3.400

 

TOTAL

 

4670.800

3915.600

8229.300

 

 

 

 

Surplus of Income over Expenditure

3823.600

1897.300

631.818

Add: Transferred from

 

 

 

           Infrastructure Development Fund (State Associations)

1600.700

1309.700

1284.534

           Platinum Jubilee Benevolent Fund (Monthly Gratis)

168.000

161.800

161.050

 

 

 

 

Add: Writeback of Earmarked Funds

 

 

 

           Ranji Trophy Fund

0.000

0.000

71.634

           Cricketers’ Benevolent Fund

0.000

0.000

13.127

           Curators’ Training Fund

0.000

0.000

25.983

           Coaching Academy Fund

0.000

0.000

115.618

Less: Transferred to :

 

 

 

             Infrastructure Development Fund (State Associations)

(1500.000)

(500.000)

(950.000)

             Platinum Jubilee Benevolent Fund (Monthly Gratis)

(500.000)

0.000

0.000

             Infrastructure for Cricket Development Fund

(1000.000)

 

 

 

 

 

 

Balance Carried to General Fund

 

2592.300

2868.800

1353.764

 

 

LOCAL AGENCY FURTHER INFORMATION

 

SUNDRY CREDITOR DETAILS ARE NOT AVAILABLE:

 

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

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

No

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

No

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

No

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

No

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

HISTORY:

 

At the outset, there is nothing significant about the year 1721, as far as India's political history is concerned. Aurangzeb, the sixth of the great Mughals, had passed away in 1707, and the Empire he and his forefathers had built, had started to disintegrate. The Marathas were gaining in prominence, and in the process of knocking hard on the doors of Delhi. These were prominent happenings; what was peripheral was that 'merchants' from England and France had established 'settlements' in select areas of the subcontinent, and were going about their business of trade.

 

The sea-route being the sole link between them and their respective homelands, most of these settlements were situated in the coastal areas of the Indian peninsula.

 

It was sometime in 1721 that a British ship dropped anchor off the coast of Kutch in western India. The recreational activities the sailors indulged in on the coast elicited curious reactions from onlookers. One of the sailors, who answered to the name of Downing, recalled his time on the Kutch coast in his memoirs thus: "We everyday diverted ourselves with playing cricket and other exercises"

 

This is the earliest recorded reference to cricket in India.

 

As the merchants metamorphosed into rulers, they continued to demonstrate their recreational pursuits on Indian soil. The British army took on the English settlers in what was the first recorded cricket match in India in 1751.  The establishment of the Calcutta Cricket Club (what we know today as CC and  FC) in 1792, was another watershed for the sport in the land. In fact, it is the second-oldest cricket club in the world, after the MCC (1787). Ten years after its inception, the CCC organized a match between its team and the Old Etonians. The highlight of the game was Old Etonian Robert Vansittart's hundred. It was the first 'recorded' century on Indian soil. 

 

That game was watched by the locals, as were other encounters that took place elsewhere.

 

It was but natural that the locals sought to copy what the 'rulers' were doing. Recent evidence suggests that members of the Indian army were among the first to take to the sport. The 'sepoys' of regiments based in Sylhet (now part of Bangladesh) were reported by a periodical of the time as being more energetic and cheerful cricketers than their European superiors. The latter did not mind this, and were in fact happy to engage in matches against their subordinates.

 

The Parsis were the first Indian civilian community to take to cricket. They set up the Oriental Cricket Club in Mumbai in 1848. It did a premature death, but the community then established the Young Zoroastrians Club in 1850. They were followed by the Hindus, who formed the Hindu Gymkhana in 1866. The scene of the cricketing activities of the Mumbai locals was the Esplanade 'maidan,' which was situated in front of the western ramparts of the erstwhile Bombay 'Fort' (demolished in 1860). At the far end of this 'maidan' was a plot of land that was out of bounds for dogs and Indians - the Bombay Gymkhana.

 

Cricket was also gaining in popularity in other cities at around the same time. 1884 was an eventful year, in that a team from Sri Lanka played a match in Kolkata. It was the country's first shot at international cricket. The Parsi Gymkhana was set up in Mumbai in the same year. A year later, Kolkata hosted a match between the Presidency Club and a team from Australia.

 

The relative economic stability of the Parsis was instrumental in their sending a team on a tour of England in 1886. Dr. D.H. Patel, one of the leading cricketers of the time, was named captain.

 

At the team's send-off in Bombay, Pherozeshah Mehta, one of the eminent Indians of the time, stated the squad's objective; "As artists go to Italy to do homage to the Great Masters, or as pilgrims go to Jerusalem to worship at a shrine, so now the Parsis are going to England to pay homage to the English cricketers, to learn something of that noble and manly pastime in the very country that is cricket's chosen home."

 

As was expected, the Parsis could not get the better of their seasoned opponents, but they gained a lot of experience. The second Parsi outfit that went to England in 1888 was far more confident than its predecessor. The visitors exceeded all expectations, winning eight matches, losing eleven, and drawing twelve. Their most successful cricketer was the round-arm bowler Dr. Mehellasha Pavri, who took as many as 170 wickets.

 

The British sent a team to India in 1889-90 under the captaincy of G.F. Vernon. The main aim of the team was to play against Englishmen living in India. Critically from the Indian point of view, one game was scheduled against the Parsis, in the light of their impressive showing in 1888. In what was a red-letter event for Indian cricket, the Parsis prevailed by four wickets. It was the first cricket defeat suffered by the British on Indian soil, and indeed, their first 'defeat' of any kind since they had crushed the War of Independence in 1857.

 

However, while they were unremitting on the political front, the British were supportive on the sporting one. Lord Hawke's team that toured India in 1892-93 made room for two matches against the Parsis, wherein the spoils were shared.

 

Lord Harris, one of the game's influential figures of the time, did his bit in his capacity as Governor of the Bombay Province to further Indian interest in cricket. He instituted an annual 'Presidency' match between the Europeans and the Parsis, and also earmarked land on the Mumbai seafront, for the Parsis, Hindus and Muslims to set up their respective 'Gymkhanas' and 'maidans.'

 

The game had by then spread across the subcontinent. It gained a fillip in the 1890s when the Prince of the state of Nawanagar wowed all those in England who thronged to watch him bat. Kumar Shri Ranjitsinhji was elegance personified on the cricket field. His fascinating wristwork and unconventional shot-making skills were a revelation to the British, who were born and bred on an orthodox approach. His success, first for Sussex in the English County Championship, and then England in Test cricket, made him one of the most popular personalities in the Empire 'where the sun never set.'

 

His fellow Princes were quick on the uptake. Some of them took it upon themselves to do their bit for cricket, to facilitate their entry into the 'good books' of the British rulers.

 

The 'princely' influence worked wonders for cricket in India, as did other parallel developments. The annual Presidency match between the Europeans and the Parsis became a Triangular when the Hindus joined the fray in 1907. It became a Quadrangular in 1912 with the entry of the Muslims. The Christians and Anglo-Indians came together to form a 'Rest' team in 1937, thus making the annual event a Pentangular. The tournament was played till 1945-46, after which it was banned on account of its communal overtones.

 

1911 witnessed the first-ever tour of England by an 'All-India' team. Sponsored and captained by the Maharaja of Patiala, the team featured the best cricketers of the time. The top performer was the left-arm spinner Baloo Palwankar, who bagged over a hundred wickets. It was a memorable performance in more ways than one. A member of the so-called 'untouchable' segment of the Hindu society, Baloo underwent many a reverse early in his life. However, merit eventually superseded all the other factors, and Baloo went on to become the premier member of the Hindu side. He also captained them for a number of years in the annual Quadrangular.

 

An all-rounder from Nagpur made his first-class debut in the 1916 edition of the tournament. He batted at no. 9 in his first game against the Europeans, and got off the mark with a six. As the years passed, the young man gained prominence as a flamboyant batsman and inspirational captain.

 

The outbreak of World War I prevented visits by cricket teams from England to India in the 1910s. It was in 1926, eight years after the end of the War, that two representatives of the Calcutta Cricket Club travelled to London to attend a couple of meetings of the Imperial Cricket Conference.

 

Technically, the CCC should not have been allowed to participate in the meeting, as the club did not have exclusive control over cricket in India. But the club had the blessings of Lord Harris, who was Chairman of the ICC at the time. A significant outcome of the meeting was the MCC's decision to send a team to India in 1926-27. Arthur Gilligan, who had captained England in the 1924-25 Ashes, was assigned the captaincy of the team. 

 

The match between the visitors and the Hindus at the Bombay Gymkhana was made memorable by the man who had hit a six on his first-class debut in 1916.

 

C.K. Nayudu blasted thirteen boundaries and eleven sixes on the way to 153. His century took him only hundred minutes to complete, and left the spectators delirious. Prof. D.B. Deodhar's 148 for 'All-India' in an earlier game, as also the showing of cricketers like J.G. Navle, Wazir Ali and Col. Mistry, made a huge impression on the visiting captain. Gilligan was convinced that India was ready for Test cricket.

 

By then, not only was cricket being played all over the subcontinent by the locals, but it had also scaled unforeseen heights of popularity. An annual Presidency match between the Europeans and Indians had been instituted in Chennai in 1915. It was played during the Pongal festivities. Sind, Calcutta, Lahore, Lucknow, Hyderabad and Kanpur were among the other leading cricket centres on the subcontinent. The Maharaja of Patiala supervised the creation of cricket arenas in Patiala and Chail, where he arranged for coaches from overseas to train junior cricketers.

 

Gilligan was one of the active participants in a meeting in Delhi in February 1927. The Maharaja of Patiala, a British businessman named Grant Govan, and Anthony De Mello were the other attendees. Gilligan expressed his praise of Indian cricket, and promised to press for India's inclusion in the ICC, if all the promoters of cricket in the land came together to establish a single controlling body.

 

Govan, Patiala and De Mello in turn assured Gilligan that they would do their bit. They convened a meeting in Delhi on 21st November 1927,which was attended by around forty-five delegates. These comprised cricket representatives from Sind, Punjab, Patiala, Delhi, the United Provinces, Rajputana, Alwar, Bhopal, Gwalior, Baroda, Kathiawar and Central India. There was a consensus that a Board of Cricket Control was essential to ensure the following:

 

  • Advance and control the game of cricket throughout India
  • Arrange and control inter-territorial, foreign and other cricket matches.
  • Make arrangements incidental to visits of teams to India, and to manage and control All-India representatives playing within and outside India.
  • If necessary, to control and arrange all or any inter-territorial disputes.
  • To settle disputes or differences between Associations affiliated to the Board and appeals referred to it by any such Associations.
  • To adopt if desirable, all rules or amendments passed by the Marylebone Cricket Club.

 

Another meeting, held at the Bombay Gymkhana on 10th December 1927, ended with a unanimous decision to form a 'Provisional' Board of Control to represent cricket in India. The plan was for this 'Provisional' Board to cease to function as soon as eight territorial cricket associations were created. Representatives of the eight associations would then come together to constitute the Board.

 

Govan and De Mello visited England in 1928, where they made out a case on India's behalf in front of the ICC. Their deliberations were satisfactory, but it turned out that their efforts had not been complemented in their absence. In late 1928, only six associations - Southern Punjab Cricket Association, Cricket Association of Bengal, Assam Cricket Association, Madras Cricket Association and Northern India Cricket Association - had been formed.

 

The Provisional Board met in Mumbai in December 1928 during the Quadrangular tournament, to discuss the next course of action. It was at this meeting that Govan and De Mello prevailed upon the others to reconsider the decision taken at the previous year's meeting. They did not want India to miss out on the opportunity to host South Africa in 1929 and tour England in 1931.

 

Their persistence paid off. The Provisional Board was deemed to have finished its work, and the Board of Control for Cricket in India established. Govan was the first President, and De Mello the first Secretary. Five months later, the ICC admitted India as a Full Member.

 

There were those who favoured Delhi and Calcutta as likely bases of the board, but it was Bombay that finally won. The city's cricketing ethos and cosmopolitan nature was believed to have given it the edge Political developments on the subcontinent put paid to the prospects of the series against South Africa and England. India had to wait till 1932 to become a Test-playing nation.

 

Govan and De Mello tried their best to convince Kumar Shri Duleepsinhji, nephew of 'Ranji,' to lead the Indian team to England in 1932. Not only was 'Duleep' a prince, but he was also a successful cricketer in his own right, having scored a century on his Test debut for England against Australia in 1930. But Duleep declined. It was later alleged that he had been asked to refuse by none other than his own uncle, who had given the impression of not being too interested in Indian cricket.

 

In the prevailing circumstances, the Maharaja of Patiala fancied his chances of becoming the leading figure in Indian cricket. But he had to contend with Lord Willingdon, the then Viceroy, who did not get along with him, and the Maharajkumar of Vizianagaram, who pulled off a coup in 1930-31 by inviting Jack Hobbs and Herbert Sutcliffe, two of England's best batsmen of the time, to play in India.

 

Patiala was initially flustered by Willingdon and Vizianagaram, but he regained his composure at the annual meeting of the BCCI in November 1931. He offered to host and finance the selection trials of the team that was to undertake the historic tour in 1932.

 

Prince Ghanshyamsinhji of Limbdi was appointed vice-captain of the squad that Patiala himself was designated to lead. However, Patiala withdrew, and the reins entrusted to the Maharaja of Porbandar.  On the eve of the inaugural Test, which was played at Lord's in 1932, both Porbandar and Limbdi pulled out, and Col. C.K. Nayudu, the premier cricketer in the squad, was awarded the honour of becoming India's first Test captain.

 

'Team India' underwent a 'baptism by fire' from 1932 to 1952 before opening its account in Test cricket. The fifth and final Test of the 1951-52 series against England at Chennai was won by an innings and eight runs. A year later, the Indian cricketers registered their first-ever series win against compatriots-turned-foreigners Pakistan.

India first won a Test series abroad in 1967-68, when the New Zealanders were beaten 3-1 on their own pitches. Three seasons later, the Indian team went several steps further, winning back-to-back series in the West Indies and England.

 

The country's unexpected triumph in the World Cup in 1983 emboldened the BCCI to bid for the 1987 World Cup along with its Pakistani counterpart. It was the first time anyone had even thought of staging the competition outside England. The bid was upheld by the ICC, and the neighbours went on to stage a hugely successful event, the doubts raised by cynics notwithstanding.

 

That one event showcased the organizational capabilities of the BCCI. 

 

The rest is history.

 

AWARDS

 

COL. C. K. NAYUDU LIFETIME ACHIEVEMENT AWARD – AJIT WADEKAR

 

Ajit Wadekar, former India captain, received the BCCI’s Col. C.K. Nayudu Lifetime Achievement Award, at the

Annual BCCI Awards Ceremony, held in Chennai on 10 December 2011. The award comprised a trophy, citation, and a cheque for Rs. 15 lakhs.

 

Born on 1 April 1941, Wadekar made his first-class debut for Mumbai in the late fifties. He had his Test baptism against Garry Sobers’ West Indies in the 1966- 67 season, and established himself in the national side, with an innings of 67 in the third Test of the series at Chennai.

 

The following year, Wadekar was a member of Tiger Pataudi’s team that beat New Zealand 3-1, and in the process, registered India’s first-ever Test series win overseas.

 

Wadekar’s appointment as captain of India in early 1971 was a turning point in the history of Indian cricket. He led

India to consecutive series wins against the formidable West Indies and England on their own grounds, in the months that followed. This was an unprecedented achievement, for never before had India won a Test, leave alone a series, in the Caribbean and England.

 

He retired from international and first-class cricket in 1974. He was Cricket Manager of the Indian team from

1992-93 to 1995-96, and Chairman of the All-India Senior Selection Committee in 1998-99.

 

Wadekar represented India in 37 Tests, and scored 2113 runs. He scored 15,380 runs from 237 first-class matches, and led Mumbai to Ranji Trophy triumphs in 1968-69, 1969-70, 1971-72 and 1972-73.

The previous winers of the C. K. Nayudu Lifetime Achievement Award are as follows:

 

1994 Lala Amarnath

1995 Syed Mushtaq Ali

1996 Capt. Vijay Hazare

1997 K. N. Prabhu

1998 P. R. Umrigar

1999 Col. Hemachandra Adhikari

2000 Subhash Gupte

2001 Mansoor Ali Khan Pataudi

2002 Bhausaheb Nimbalkar

2003 Chandrakant Borde

2004 B. S. Bedi, B. Chandrasekhar, EAS Prasanna, S. Venkataraghvan

2007 Nariman Contractor

2008 Gundappa Viswanath

2009 Mohinder Amarnath

2010 Salim Durrani

 

 

BCCI AWARDS, 2010-11

 

The 5th annual BCCI Awards Ceremony was held on Saturday, 10th December 2011, at the Park Sheraton Hotel and Towers, Chennai.

 

 Indian cricket’s achievers at the international and domestic level in the twelve months from 1st October 2010 and 30th

September 2011, were felicitated by the BCCI.

 

Ajit Laxman Wadekar, who led India to historic series wins in the West Indies and England in 1971, was the recipient of the

Col. C. K. Nayudu Lifetime Achievement Award.

 

Rahul Dravid won the annual Polly Umrigar Award for being India’s best cricketer of the 2010-11 season. He could not attend the ceremony, as he had flown to Australia to begin preparations for the upcoming Test series, and his award was therefore collected by his parents, Pushpa and Sharad Dravid.

 

The ceremony witnessed the presentation of two annual awards named after Lala Amarnath, independent India’s first

Test captain, for the best All-Rounders in domestic cricket. Two awards in the name of Dilip Sardesai, for India’s best cricketers in the recent Test series against the West Indies (at home and away) were also given away during the function. The event was attended by members of the Indian and West Indies teams, senior office-bearers and officials of the Board and affiliated units, and the media.

 

AWARD

WINNER

AWARD

PERFORMANCE

Col. C.K. Nayudu Lifetime Achievement Award

Ajit Wadekar

Trophy, citation and cheque for Rs.1.500 Millions

NA

Polly Umrigar Award

Rahul Dravid

Trophy and cheque for Rs.0.500 Million

1285 runs from 15 Tests @ 53, inclusive of six hundreds.

Madhavrao Scindia Award - Highest Scorer in The Ranji Trophy in 2010-11

S. Badrinath (TNCA)

Trophy and cheque for Rs.0.250 Million

922 runs @131.71 in 9 matches, inclusive of 4 centuries and three half centuries

Madhavrao Scindia Award - Highest Wicket-Taker in the Ranji Trophy in 2010-11

Bhargav Bhatt (BARODA CA)

Trophy and cheque for Rs.0.250 Million

47 wkts @ 21.57 in 9 matches, inclusive

of four 5WI and one 10WM.

M. A. Chidambaram Trophy -

Best Under-16 Cricketer of 2010-11

Vijay Zol

(MAHARASHTRA CA)

Trophy and cheque for Rs.0.050 Million

858 runs @85.8 in 7 matches, inclusive of 4 centuries and 2 half centuries

M. A. Chidambaram Trophy -

Best Under-19 Cricketer of 2010-11

Avi Barot (GUJARAT CA)

Trophy and cheque for Rs.0.050 Million

971 runs @88.27 in 7 matches, inclusive of 4 centuries and 3 half centuries.

M. A. Chidambaram Trophy -

Best Under-22 Cricketer of 2010-11

Suryakumar Yadav (MUMBAI CA)

Trophy and cheque

for Rs.0.050 Million

721 runs @ 80.11 in 7 matches, inclusive of 2 centuries and 4 half centuries

M. A. Chidambaram Trophy -

Best Woman Cricketer (Sr) of 2010-11

Jhulan Goswami (CAB)

Trophy and cheque for Rs.0.050 Million

21 wickets @ 7.62 in eight matches, inclusive of one 5WI.

M. A. Chidambaram Trophy -

Best Woman Cricketer (Jr) of 2010-11

Mona Meshram

(VCA)

Trophy and cheque for Rs. 0.050 Million

3 runs @ 103.83 in 8 matches, inclusive of one century and 5 half centuries

Best Umpire In Domestic Cricket

in 2010-11

S. Ravi

Trophy and cheque

for Rs.0.050 Million

 

Dilip Sardesai Award for India's

Best Cricketer in The 2011 Test Series

in the West Indies

Ishant Sharma

Trophy and cheque for Rs.0.500 Million

22 wickets @ 16.8 from three Tests, inclusive of

two 5 WIs and one 10WM.

Dilip Sardesai Award for India's

Best Cricketer in the 2011-12 Test Series

Against the West Indies

R. Ashwin

Trophy and cheque for Rs.0.500 Million

22 wickets @ 22.9 from three Tests, inclusive of two 5 WIs, and a maiden Test hundred

Lala Amarnath Award for the Best All-Rounder in the Ranji Trophy,

2010-11

Iqbal Abdulla (MUMBAI CA)

Trophy and cheque

for Rs.0.250 Million

385 runs and 27 wickets from 8 matches.

Lala Amarnath Award for the Best All-Rounder in Domestic Limited-Overs Tournaments, 2010-11

Sumit Nar wal

(DDCA)

Trophy and cheque for

Rs.0.250. Million

163 runs and 13 wickets from 6 matches.

 

 

BEST OVERALL PERFORMANCE IN 2009-10:

 

·         RAILWAY SPORTS PROMOTION BOARD.

·         DELHI AND DISTRICT CRICKET ASSOCIATION

 

PRESS RELEASE

 

PENAL PROCEEDINGS ON AGAINST BCCI FOR NOT FILING AUDIT REPORTS

NOVEMBER 23, 2012,

 

 NEW DELHI: The government today said it has initiated penal proceedings against the BCCI for non-filing of tax audit reports for five assessment years under provisions pertaining to business entities.

 

"Penalty proceedings under section 271B have been initiated for assessment years 2004-05, 2005-06, 2007-08, 2008-09 and 2009-10 for non-filing of tax audit report (against Board of Control for Cricket in India)", the Minister of State for Finance S S Palanimanickam said in a written reply to the Lok Sabha.

 

 According to the income tax department, the Minister said, the BCCI is required to file the audit reports under section 44AB of the Income Tax Act, 1961.

 

Under Section 44AB an entity carrying on business or profession is required to get its accounts audited by an accountant before the specified date and furnish the report of such audit in the prescribed form to the tax authorities.

 

The BCCI, he added, had been filing its audited report under section 12A(b), which deals with trusts and charitable institutions, to substantiate its claim for tax exemption.

 

The sports boards, he added, are required to get their accounts audited as per the provisions of the tax laws.

 

Palanimanickam further said that assessments with regard to BCCI were completed and there was a tax arrear demand of Rs 1655.500 Millions outstanding against the sports body for the assessment years 2004-05, 2005-06 and 2009-10 and the "same shall be adjusted against the refund of Rs 1800.000 Millions due for assessment year 2012-13."

 

The BCCI amended its objects from June 1, 2006, Palanimanickam said adding, the registration granted to BCCI under section 12A of Income Tax Act was withdrawn in December 2009, with effect from June 1, 2006.

 

Consequently, he said, for assessment year 2007-08, 2008-09 and 2009-10, exemption was denied to its income and tax demand of Rs 1180.400 Millions, Rs 2571.200 Millions and Rs 4135.900 Millions, respectively, were raised.

 

"Out of the demand so raised, an amount of Rs 6822.200 Millions has been collected and on effecting certain rectification, Rs 707.200 Millions is due which is being adjusted against a refund for assessment year 2012-13," he added.

 

BCCI is the richest sports body in the country and it has been organising Indian Premier League (IPL) Twenty-20 cricket matches on commercial lines since 2008.

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.54.53

UK Pound

1

Rs.87.48

Euro

1

Rs.70.89

 

INFORMATION DETAILS

 

Information Gathered by :

PDT

 

 

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILIRY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

 

64

 

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

 

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PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.