MIRA
INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
MADISON COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
3rd Floor, Zoroastrian Building, 16, Horniman Circle, Mumbai-400023, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-093050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74300MH1995PTC093050 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20726G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM5979P |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business
: |
The Company is principally engaged in providing an entire range of Communication Services, which include Advertising, Media Planning and Buying, Media Research, Sales Promotion, Corporate Communication and Public Relations. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2500000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a well established company having fine track. Financial of
the company appears to be sound. Trade relations are reported as fair. Business
is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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.
INFORMATION PARTED BY (PARTIAL INFORMATION)
|
Name : |
Mr. Ajit |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-8087967491 |
|
Date : |
20.01.2012 |
LOCATIONS
|
Registered Office : |
3rd Floor, |
|
Tel. No.: |
91-22-56548341 |
|
Fax No.: |
91-22-56548340 |
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E-Mail : |
|
|
|
|
|
Corporate Office : |
349, Business Point, |
|
Tel. No.: |
91-22-66401500 |
|
Fax No.: |
91-22-66750414 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Koch House, Ground Floor, Jerbai Wadia Road, Sewree West,
Mumbai 400 015, |
|
Tel. No.: |
91- 22 – 24168960 |
|
Fax No.: |
91- 22 – 24168964 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sam Baman Balsara |
|
Designation : |
Chairman and Managing Director |
|
Address : |
47, Malcolm Baug, Jogeshwari, Mumbai – 400 102, |
|
Date of Birth/Age : |
12.01.1951 |
|
Date of Appointment : |
25.09.1995 |
|
Din No.: |
00076942 |
Other Directorship:
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U74300MH1995PTC093050 |
MADISON
COMMUNICATIONS PRIVATE LIMITED |
Managing
director |
25-09-95 |
25-09-95 |
Active |
NO |
|
2 |
U74300MH1998PTC114846 |
OUT-SEL
PROMOTIONS INDIA PRIVATE LIMITED |
Director |
12-05-98 |
12-05-98 |
Active |
NO |
|
3 |
U74210TN1986PTC013481 |
ANUGRAH MADISON
ADVERTISING PRIVATE LIMITED |
Director |
29-09-00 |
29-09-00 |
Active |
NO |
|
4 |
U92132MH2001NPL132233 |
EARTH
COMMUNICATIONS OFFICE-INDIA ASSOCIATION |
Director |
04-06-01 |
04-06-01 |
Active |
NO |
|
5 |
U74999MH2002PTC135591 |
MADISON RETAIL
PARADIGM PRIVATE LIMITED |
Director |
19-04-02 |
19-04-02 |
Active |
NO |
|
6 |
U24999MH1948NPL006309 |
AUDIT BUREAU OF
CIRCULATIONS |
Director |
12-07-02 |
12-07-02 |
Active |
NO |
|
7 |
U74300MH1991GAP062428 |
INDIA CHAPTER OF
INTERNATIONAL ADVERTISING ASSOCIATION. |
Director |
12-08-02 |
12-08-02 |
Active |
NO |
|
8 |
U74300MH2004PTC149037 |
MADISON
TEAMWORKS FILM PROMOTIONS AND ENTERTAINMENT PRIVATE LIMITED |
Director |
08-10-04 |
08-10-04 |
Active |
NO |
|
9 |
U91110MH2003NPL138672 |
SUBHAS GHOSAL
FOUNDATION |
Director |
24-03-05 |
24-03-05 |
Active |
|
|
10 |
U74300MH2005PTC156161 |
MOMS OUTDOOR
MEDIA SOLUTIONS PRIVATE LIMITED |
Director |
19-09-05 |
19-09-05 |
Active |
NO |
|
11 |
U93090MH2006PTC163813 |
ENTRUST
COMMUNICATIONS PRIVATE LIMITED |
Managing
director |
17-08-06 |
17-08-06 |
Active |
NO |
|
12 |
U32204MH2007PTC169489 |
PLATINUM
COMMUNICATIONS PRIVATE LIMITED |
Director |
31-03-07 |
31-03-07 |
Active |
NO |
|
13 |
U74999MH2007PTC170142 |
MADISON XURPAS
MOBILE SERVICES PRIVATE LIMITED |
Director |
20-04-07 |
20-04-07 |
Active |
NO |
|
14 |
U93090MH2006PTC165633 |
DIGITAL SIGNAGE
NETWORKS INDIA PRIVATE LIMITED |
Nominee director |
29-04-07 |
29-04-07 |
Active |
NO |
|
15 |
U92190WB2007PTC116346 |
HIGH LIFE EVENT
MANAGEMENT CONSULTANCY PRIVATE LIMITED |
Director |
05-06-07 |
05-06-07 |
Active |
NO |
|
16 |
U74140MH1985PTC037825 |
ALL STAR
MANAGEMENT GROUP PRIVATE LIMITED |
Director |
11-06-07 |
11-06-07 |
Active |
NO |
|
17 |
U72900MH2008PTC184065 |
MEDIACOM
COMMUNICATIONS PRIVATE LIMITED |
Director |
27-06-08 |
27-06-08 |
Active |
NO |
|
18 |
U74300MH2009PTC190078 |
PLATINUM
ADVERTISING PRIVATE LIMITED |
Director |
03-02-09 |
03-02-09 |
Active |
NO |
|
19 |
U74300MH2010PTC206576 |
BMB MADISON
ADVERTISING PRIVATE LIMITED |
Director |
13-08-10 |
13-08-10 |
Active |
NO |
|
20 |
U52300MH2011PTC211842 |
KABUZA MARKETING
PRIVATE LIMITED |
Director |
05-01-11 |
05-01-11 |
Active |
NO |
|
Name : |
Mr. Soli Baman Balsara |
|
Designation : |
Director |
|
Address : |
47, Malcolm Baug, Jogeshwari, Mumbai – 400 102, |
|
Date of Birth/Age : |
02.05.1940 |
|
Date of Appointment : |
25.09.1995 |
|
Din No.: |
00606586 |
Other Directorship:
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U74300MH1995PTC093050 |
MADISON
COMMUNICATIONS PRIVATE LIMITED |
Director |
25-09-95 |
25-09-95 |
Active |
NO |
|
2 |
U74300MH1998PTC114846 |
OUT-SEL PROMOTIONS
INDIA PRIVATE LIMITED |
Director |
12-05-98 |
12-05-98 |
Active |
NO |
|
3 |
U74300MH2004PTC149037 |
MADISON
TEAMWORKS FILM PROMOTIONS AND ENTERTAINMENT PRIVATE LIMITED |
Director |
08-10-04 |
08-10-04 |
Active |
NO |
|
4 |
U93090MH2006PTC163813 |
ENTRUST
COMMUNICATIONS PRIVATE LIMITED |
Director |
17-08-06 |
17-08-06 |
Active |
NO |
|
5 |
U32204MH2007PTC169489 |
PLATINUM
COMMUNICATIONS PRIVATE LIMITED |
Director |
31-03-07 |
31-03-07 |
Active |
NO |
|
6 |
U74999MH2007PTC170142 |
MADISON XURPAS MOBILE
SERVICES PRIVATE LIMITED |
Director |
20-04-07 |
20-04-07 |
Active |
NO |
|
7 |
U74300MH2009PTC190078 |
PLATINUM
ADVERTISING PRIVATE LIMITED |
Director |
03-02-09 |
03-02-09 |
Active |
NO |
|
8 |
U72900MH2008PTC184065 |
MEDIACOM COMMUNICATIONS
PRIVATE LIMITED |
Director |
26-11-09 |
14-11-09 |
Active |
NO |
|
Name : |
Ms. Lara Sam Balsara |
|
Designation : |
Whole-time Director |
|
Address : |
47, Malcolm Baug, Jogeshwari, Mumbai – 400 102, |
|
Date of Birth/Age : |
11.02.1981 |
|
Date of Appointment : |
01.11.2006 |
|
Din No.: |
00089327 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74300MH2004PTC149037 |
MADISON
TEAMWORKS FILM PROMOTIONS AND ENTERTAINMENT PRIVATE LIMITED |
Director |
08-10-04 |
08-10-04 |
Active |
NO |
|
2 |
U74999MH2002PTC135591 |
MADISON
RETAIL PARADIGM PRIVATE LIMITED |
Director |
15-11-05 |
15-11-05 |
Active |
NO |
|
3 |
U74300MH1998PTC114846 |
OUT-SEL
PROMOTIONS INDIA PRIVATE LIMITED |
Director |
29-09-07 |
01-11-06 |
Active |
NO |
|
4 |
U74300MH1995PTC093050 |
MADISON
COMMUNICATIONS PRIVATE LIMITED |
Whole-time
director |
29-09-07 |
01-11-06 |
Active |
NO |
|
5 |
U74300MH2005PTC156161 |
MOMS
OUTDOOR MEDIA SOLUTIONS PRIVATE LIMITED |
Director |
29-09-07 |
24-02-07 |
Active |
NO |
|
6 |
U32204MH2007PTC169489 |
PLATINUM
COMMUNICATIONS PRIVATE LIMITED |
Director |
31-03-07 |
31-03-07 |
Active |
NO |
|
7 |
U74999MH2007PTC170142 |
MADISON
XURPAS MOBILE SERVICES PRIVATE LIMITED |
Director |
20-04-07 |
20-04-07 |
Active |
NO |
|
8 |
U74140MH1985PTC037825 |
ALL STAR
MANAGEMENT GROUP PRIVATE LIMITED |
Director |
11-06-07 |
11-06-07 |
Active |
NO |
|
9 |
U72900MH2008PTC184065 |
MEDIACOM
COMMUNICATIONS PRIVATE LIMITED |
Director |
27-06-08 |
27-06-08 |
Active |
NO |
|
10 |
U74300MH2009PTC190078 |
PLATINUM
ADVERTISING PRIVATE LIMITED |
Director |
03-02-09 |
03-02-09 |
Active |
NO |
|
11 |
U74300MH2010PTC206576 |
BMB
MADISON ADVERTISING PRIVATE LIMITED |
Director |
13-08-10 |
13-08-10 |
Active |
NO |
|
12 |
U52300MH2011PTC211842 |
KABUZA
MARKETING PRIVATE LIMITED |
Director |
05-01-11 |
05-01-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ajit |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sam Baman Balsara |
10000 |
|
Soli Baman Bulsara |
10000 |
|
Sam Baman Basara and Homai Sam Balsara |
6980000 |
|
Homai Sam Balsara and Sam Baman Balsara |
1000000 |
|
Total |
8000000 |
AS ON 30.09.2011
|
Equity Shares Break
Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is principally engaged in providing an entire range of Communication
Services, which include Advertising, Media Planning and Buying, Media
Research, Sales Promotion, Corporate Communication and Public Relations. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
·
Standard Chartered Bank, 90 M G Road, Fort,
Mumbai-400001, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Rege and Company Chartered Accountants |
|
Address : |
125, Hiramani Super Market, Mumbai-400012, Maharashtra, India |
|
Tel. No.: |
91-22-24710050 / 24713450 |
|
Fax No.: |
91-22-24713450 |
|
Pan No : |
AAAPD5280C |
|
|
|
|
Group Company : |
·
Madison Xurpus Mobile Services Private Limited CIN No.: -
U74999MH2007PTC170142 ·
Madison Retail Paradigm Private Limited CIN No.: -
U74999MH2002PTC135591 ·
Madison Teamworks Film Promotions And
Entertainment Private Limited CIN No.: -
U74300MH2004PTC149037 ·
Anugrah Madison Advertising Private Limited CIN No.: -
U74210TN1986PTC013481 ·
Out-Sel Promotions (India) Private Limited CIN No.: -
U74300MH1998PTC114846 ·
Platinum Communications Private Limited ·
MOMS Outdoor Media Solutions Private Limited ·
Platinum Advertising Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.1/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.1/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Notes:
8,000,000 equity
shares of Rs.1/- each fully paid up (of the above 7,200,000 equity shares of
Rs. 1/- each were issued as bonus shares to the existing share holders-
previous year Rs. 72,00,000/-)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.000 |
8.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
618.671 |
536.386 |
438.603 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
626.671 |
544.386 |
446.603 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
2.498 |
3.707 |
3.503 |
|
|
|
|
|
|
|
|
TOTAL |
629.169 |
548.093 |
450.106 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
65.792 |
63.245 |
66.695 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
23.780 |
23.641 |
24.504 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
4416.314
|
4058.338 |
2748.743 |
|
|
Cash & Bank Balances |
495.332
|
82.661 |
97.846 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
684.734
|
602.188 |
465.414 |
|
Total
Current Assets |
5596.380
|
4743.187 |
3312.003 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4190.065 |
3763.585 |
2580.955 |
|
|
Other Current Liabilities |
689.900
|
344.591 |
250.850 |
|
|
Provisions |
176.884
|
173.884 |
121.384 |
|
Total
Current Liabilities |
5056.849
|
4282.060 |
2953.189 |
|
|
Net Current Assets |
539.531
|
461.127 |
358.814 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.066 |
0.080 |
0.093 |
|
|
|
|
|
|
|
|
TOTAL |
629.169 |
548.093 |
450.106 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
21837.834 |
17288.416 |
14263.889 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
21709.397 |
17136.079 |
14144.302 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
128.437 |
152.337 |
119.587 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
46.291 |
52.703 |
45.667 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
82.146 |
99.634 |
73.920 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
20.013 |
55.773 |
95.504 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.27 |
12.45 |
9.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.38
|
0.58 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.27
|
3.17 |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.28 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.07
|
7.87 |
6.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.11 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
Rs in Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditors |
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
4190.065 |
3763.585 |
2580.955 |
|
Total |
4190.065 |
3763.585 |
2580.955 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
------- |
|
8. No. of Employees |
No |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
No |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
No |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
No |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
BACKGROUND
The Company was
incorporated on 25th September, 1995 and registered under the Indian
Companies Act 1956 with the Registrar of Companies, Mumbai, Maharashtra. The
Company is principally engaged in providing an entire range of Communication
Services, which include Advertising, Media Planning and Buying, Media Research,
Sales Promotion, Corporate Communication and Public Relations.
REVIEW OF OPERATIONS
During the year,
the company has earned a total income of Rs. 21837.834 Millions against the
total expenses of Rs. 21709.397 Millions thereby earning a profit before tax of
Rs. 128.437 Millions. The profit after tax during the year is Rs. 82.146 as
against Rs. 99.634 Millions in the previous year.
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74300MH1995PTC093050 |
|
Name of the
company |
MADISON COMMUNICATIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3rd Floor, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Address : Standard Chartered Bank, 90, Email : reenabang@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Unattested
Memorandum of Hypothecation. |
|
Date of
instrument Creating the charge |
04.06.2008 |
|
Amount secured by
the charge |
Rs. 50.000
Millions. |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: OD / Sales
Invoice Financing. Interest / Commission
– As agreed by and with the Bank from time to time. Terms of
Repayment : As agreed by and
with the Bank from time to time. Margin : As applicable, if
any. Extent and
Operation of the charge : The Bank is
having first pari passu charge on the current assets of the Company. |
|
Short particulars
of the property charged |
Hypothecation by
way of first pari passu charge on : a) All present and future book debts,
outstanding moneys. Receivable, claims and bills b) All present and future stock in trade consisting
of raw materials, finished goods, goods in process of manufacturing and other
merchandise. |
FIXED
ASSETS :
¨
Furniture
¨
Office Equipments
¨
Electrical Installation
¨
¨
Computers
¨
Software
¨
Motor Cars
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. 50.32 |
|
|
1 |
Rs. 77.96 |
|
Euro |
1 |
Rs. 65.30 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
53 |
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.