|
Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDIAIDEAS COM LIMITED (w.e.f.04.02.2002) |
|
|
|
|
Formerly Known
As : |
INDIAIDEAS.COM PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
E-510, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-125441 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.168 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2000PLC125441 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04030F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI7986C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Provides electronic bill payment and collections services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
E-510, |
|
Tel. No.: |
91-22-40920000 |
|
Fax No.: |
91-22-40920002 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located at : ·
Ahmedabad ·
·
·
·
·
Chennai ·
·
·
·
·
·
·
·
·
·
Kolkata ·
·
·
Mangalore ·
Pune ·
·
Solapur ·
·
·
Vadodara |
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Srinivasu Nagesvar Mallapragada |
|
Designation : |
Whole-time director |
|
Address : |
B 1503, Royal Classic Apartments, New |
|
Date of Birth/Age : |
28.08.1968 |
|
Date of Appointment : |
29.03.2000 |
|
DIN No.: |
01692982 |
|
|
|
|
Name : |
Mr. Ajay Kaushal |
|
Designation : |
Whole-time director |
|
Address : |
302, Rajgir Milap, Juhu Dhara Complex, Juhu Versova Link Road, Andheri
(West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1968 |
|
Date of Appointment : |
29.03.2000 |
|
DIN No.: |
01605394 |
|
|
|
|
Name : |
Mr. Sajit Kumar |
|
Designation : |
Nominee director |
|
Address : |
Flat No. 203, SIDBI Officers Apartments, |
|
Date of Birth/Age : |
04.06.1966 |
|
Date of Appointment : |
23.03.2001 |
|
DIN No.: |
00108263 |
Other Directorship:
|
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 |
|
U72300MH2000PLC125441 |
Indiaideas
Com Limited |
Nominee
director |
23/03/2001 |
23/03/2001 |
- |
Active |
NO |
|
U85110KA1998PLC024110 |
Winfoware
Technologies Limited |
Nominee
director |
3/10/2002 |
3/10/2002 |
29/03/2010 |
Active |
NO |
|
U72900MH2004PTC146578 |
iSmart
Business Solutions Private Limited |
Nominee
director |
29/12/2004 |
29/12/2004 |
26/09/2011 |
Active |
NO |
|
U72900MH2002PTC138297 |
Eisodus
Networks Private Limited |
Director |
20/07/2005 |
20/07/2005 |
2/08/2008 |
Strike
off |
NO |
|
U72300KA2003PTC033038 |
Manthan
Software Services Private Limited |
Nominee
director |
25/07/2005 |
25/07/2005 |
4/07/2007 |
Active |
NO |
|
U72300PN1993PTC072002 |
Mithi
Software Technologies Private Liimited |
Nominee
director |
3/05/2006 |
3/05/2006 |
13/01/2010 |
Active |
NO |
|
U72900KA2000PTC026794 |
Skelta
Software Private Limited |
Nominee
director |
31/01/2007 |
31/01/2007 |
20/04/2010 |
Active |
NO |
|
L72900MH1996PLC096866 |
Compulink
Systems Limited |
Nominee
director |
25/06/2007 |
25/06/2007 |
- |
Amalgamated |
NO |
|
U74140KA2004PTC034965 |
Basil
Communications Private Limited |
Nominee
director |
20/08/2007 |
20/08/2007 |
- |
Active |
NO |
|
U29301KA1999PTC025387 |
Stove
Kraft Private Limited |
Nominee
director |
11/04/2008 |
11/04/2008 |
- |
Active |
NO |
|
U31902KA2007PTC044766 |
HHV
Solar Technologies Private Limited |
Nominee
director |
4/12/2008 |
12/09/2008 |
28/10/2009 |
Active |
NO |
|
U24230MH1980PTC023291 |
Centaur
Pharmaceuticals Private Limited |
Nominee
director |
21/04/2011 |
21/04/2011 |
- |
Active |
NO |
|
U72200KA1999PLC025904 |
KMG
Infotech Limited |
Nominee
director |
5/05/2011 |
5/05/2011 |
- |
Active |
NO |
|
Name : |
Sumant Mandal |
|
Designation : |
Nominee director |
|
Address : |
2215 California Avenue, Santa Monica, CA, USA 90403 |
|
Date of Birth/Age : |
31.07.1969 |
|
Date of Appointment : |
29.06.2006 |
|
DIN No.: |
01298049 |
Other Directorship:
|
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 |
|
U72300MH2000PLC125441 |
Indiaideas
Com Limited |
Nominee
director |
29/06/2006 |
29/06/2006 |
- |
Active |
NO |
|
U72200KA2004PLC047834 |
Digibee
Microsystems Limited |
Director |
19/09/2007 |
18/01/2007 |
19/02/2009 |
Active |
YES |
|
U72200MH2006PTC160596 |
Games2win
India Private Limited |
Nominee
director |
25/04/2007 |
25/04/2007 |
- |
Active |
NO |
|
Name : |
Mr. Agnihotra Dakshina Murthy Chavali |
|
Designation : |
Nominee director |
|
Address : |
G – 14, Venus Cooperative Housing Society, 14 Dr RG Thadani Marg,
Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1954 |
|
Date of Appointment : |
26.06.2009 |
|
DIN No.: |
00374673 |
Other Directorship:
|
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 |
|
U67120MH1997PLC112443 |
Central
Depository Services (India) Limited |
Nominee
director |
12/06/2009 |
12/06/2009 |
- |
Active |
NO |
|
U65990MH2001PLC131804 |
The
Clearing Corporation of India Limited |
Nominee
director |
24/06/2009 |
24/06/2009 |
28/12/2011 |
Active |
NO |
|
U72300MH2000PLC125441 |
Indiaideas
Com Limited |
Nominee
director |
26/06/2009 |
26/06/2009 |
- |
Active |
NO |
|
U74120MH2011PLC219665 |
Central
Insurance Repository Limited |
Nominee
director |
12/07/2011 |
12/07/2011 |
- |
Active |
NO |
|
U74120MH2011PTC225365 |
Baroda
Pioneer Trustee Company Private Limited |
Director |
23/12/2011 |
23/12/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rakesh Khanna |
|
Designation : |
Nominee director |
|
Address : |
13 Hasa Mahal, Dalamal Park, CHS 89, Cuffe Parade, Mumbai – 400005,
Maharashtra, India |
|
Date of Birth/Age : |
30.10.1958 |
|
Date of Appointment : |
31.12.2009 |
|
DIN No.: |
03010203 |
Other Directorship:
|
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 |
|
U72300MH2000PLC125441 |
Indiaideas
Com Limited |
Nominee
director |
31/12/2009 |
31/12/2009 |
- |
Active |
NO |
|
U63030MH2005PLC152747 |
National
Bulk Handling Corporation Limited |
Alternate
director |
30/03/2010 |
30/03/2010 |
25/03/2011 |
Active |
NO |
|
U55101OR1995PLC004224 |
Mayfair
Hotels and Resorts Limited |
Nominee
director |
20/05/2010 |
20/05/2010 |
25/03/2011 |
Active |
NO |
|
Name : |
Mr. Rajan Jitendra Mehra |
|
Designation : |
Nominee Director |
|
Address : |
5A, Premkutir, 177 Marine Drive, Mumbai-400020, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1969 |
|
Date of Appointment : |
29.03.2011 |
|
DIN No.: |
00504892 |
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 |
U64200MH1999PTC118468 |
Checkmate
Holdings Private Limited |
Director |
20-01-02 |
20-01-02 |
Active |
NO |
|
2 |
U74900MH2000PTC126237 |
Mxc
Solutions India Private Limited |
Director |
30-09-09 |
06-07-09 |
Active |
NO |
|
3 |
U64200MH1999PTC118467 |
Prodigy
Investments Private Limited |
Director |
18-11-10 |
18-11-10 |
Active |
NO |
|
4 |
U74140MH2006PTC163095 |
Clearstone
Venture Advisors Private Limited |
Additional
director |
23-02-11 |
23-02-11 |
Active |
NO |
|
5 |
U72300MH2000PLC125441 |
Indiaideas
Com Limited |
Nominee
director |
29-03-11 |
29-03-11 |
Active |
NO |
|
6 |
U72200MH2006PTC160596 |
Games2win
India Private Limited |
Nominee
director |
08-04-11 |
08-04-11 |
Active |
NO |
|
7 |
U65923MH2011PTC215474 |
Nirvana
Venture Advisors Private Limited |
Additional
director |
12-07-11 |
12-07-11 |
Active |
NO |
|
8 |
U74999MH2010PTC209124 |
Next
Leap Career Solutions Private Limited |
Director |
16-08-11 |
16-08-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
M N Srinivasu |
662428 |
|
Ajay Kaushal |
622505 |
|
Karthik Ganapathy |
534755 |
|
S Misra |
39187 |
|
Leo Puri |
98099 |
|
SIDBI Trustee Company Limited A/c National Venture Fund for Software
and Information Technology, India |
447698 |
|
Bank of Baroda, India |
398465 |
|
Clearstone Venture Mauritius, Mauritius |
843330 |
|
State Bank of India, India |
370370 |
|
TOTAL
|
4016837 |
AS ON 28.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Nationalized or other banks |
19.14 |
|
Venture capital |
11.15 |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
20.99 |
|
Directors or relatives of Directors |
31.99 |
|
Other top fifty shareholders |
16.73 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provides electronic bill payment and collections services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shivsagar Estate, Worli, Mumbai –
400018, Maharashtra, India |
|
PAN.: |
AACFD4815A |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Millions |
|
7000000 |
Preference Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
TOTAL |
|
Rs. 115.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4016837 |
Equity Shares |
Rs.10/- each |
Rs. 40.168
Millions |
|
|
|
|
|
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 |
40.168 |
55.168 |
80.168 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
629.173 |
446.722 |
349.711 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
669.341 |
501.890 |
429.879 |
|
|
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 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
669.341 |
501.890 |
429.879 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
164.444 |
67.370 |
35.472 |
|
|
Capital work-in-progress |
31.110 |
15.565 |
2.896 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
7.236 |
5.018 |
5.569 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.630
|
1.372
|
0.000 |
|
|
Sundry Debtors |
160.099
|
127.204
|
97.769 |
|
|
Cash & Bank Balances |
513.490
|
555.378
|
629.623 |
|
|
Other Current Assets |
0.230
|
0.166
|
0.458 |
|
|
Loans & Advances |
32.326
|
17.339
|
13.883 |
|
Total
Current Assets |
706.775
|
701.459 |
741.733 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
212.140
|
243.148
|
283.294 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
14.446 |
|
|
Provisions |
28.084
|
44.374
|
58.051 |
|
Total
Current Liabilities |
240.224
|
287.522 |
355.791 |
|
|
Net Current Assets |
466.551
|
413.937
|
385.942 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
669.341 |
501.890 |
429.879 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1524.339 |
692.558 |
422.420 |
|
|
|
Interest on Fixed Deposits |
0.000 |
0.000 |
34.063 |
|
|
|
Other Income |
27.962 |
31.232 |
0.240 |
|
|
|
Profit on Sale of Assets |
0.000 |
0.000 |
0.005 |
|
|
|
TOTAL (A) |
1552.301 |
723.790 |
456.728 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Service Costs |
1031.066 |
378.029 |
-- |
|
|
|
Employees Related Expenses |
135.402 |
110.970 |
-- |
|
|
|
Operating Expenses |
0.000 |
0.000 |
283.506 |
|
|
|
Administrative and other Expenses |
68.693 |
58.355 |
63.270 |
|
|
|
TOTAL (B) |
1235.161 |
547.354 |
346.776 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
317.140 |
176.436 |
109.952 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.173 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
316.967 |
176.436 |
109.952 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.499 |
14.857 |
11.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
286.468 |
161.579 |
98.674 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
95.874 |
55.137 |
24.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
190.594 |
106.442 |
74.433 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
113.500 |
16.488 |
(26.001) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
9.530 |
0.000 |
0.000 |
|
|
|
Dividend on Preference Shares |
1.118 |
3.575 |
23.287 |
|
|
|
Corporate Dividend Tax on Preference
Shares |
0.000 |
0.000 |
3.958 |
|
|
|
Dividend on Equity Shares |
7.026 |
5.855 |
4.016 |
|
|
|
Corporate Dividend Tax on Equity Shares |
0.000 |
0.000 |
0.683 |
|
|
BALANCE CARRIED
TO THE B/S |
286.420 |
113.500 |
16.488 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
47.17 |
25.61 |
17.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
12.28
|
14.71
|
16.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
18.79
|
23.33
|
23.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.61
|
21.02
|
12.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.32
|
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.36
|
0.57
|
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.94
|
2.44
|
2.08 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
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 |
No |
|
21. Market information |
------- |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
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 |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
FIXED ASSETS
·
Leasehold Improvements
·
Computers and Peripherals
·
Furniture and Fixtures
·
Office Equipment
·
Motor Vehicle
·
Plant and Machinery
·
Bill Presentment and Payment Service Platform
·
Computer Software
WEBSITE DETAILS
PROFILE
Subject is a technology product and services company,
promoted in March 2000 by three ex-Arthur Andersen professionals. The Company
is focused on creating Internet based products, targeted at banks and other financial
product providers that will help existing brick-and-mortar players leverage
their strengths and reach out to a larger customer base.
Sharing
this vision of the Company and financially backing it are Bank of Baroda and
the National Venture Fund for Software and Information Technology.
The
National Venture Fund for Software and Information Technology is a venture fund
promoted by Small Industries Development Bank of India and the Ministry of
Information Technology, Government of India and administered and managed by
SIDBI Venture Capital Limited.
Bank
of Baroda is India's second largest bank with assets in excess of USD 15
billion, a customer base of over 20 million and a network of over 2500
branches. The Bank is a leading provider of payment, settlement and clearing
products and services throughout the country. In addition to its role as a
strategic investor, the Bank is also partnering with the Company as a Sponsor
Bank in providing it operational support for the 'payments' leg of the
electronic payment services.
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. 55.51 |
|
|
1 |
Rs. 85.29 |
|
Euro |
1 |
Rs. 68.86 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.