|
Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANBANNI – RAKSHA |
|
|
|
|
Registered
Office : |
One Indiabulls Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Establishment : |
1970 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not divulged |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Investment Consultancy Firm. |
|
|
|
|
No. of Employees
: |
Not divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
The information provided from indirect sources. The subject was unable
to contact. No further information could be made available. Initially, the subject company can be considered for business dealings
on a secured 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 |
INFORMATION DECLINED
UNABLE TO CONTACT
LOCATIONS
|
Registered Office : |
One Indiabulls Centre, Elphinstone Road, Mumbai – 400013, Maharashtra,
India |
|
Tel. No.: |
91-22-66459323 |
|
Fax No.: |
91-22-66459323 |
|
Website : |
|
|
|
|
|
Overseas Office : |
Office London: 1-6 Yarmouth Place Mayfair London W1J 7 BU |
|
Tel. No.: |
+44 (0) 2071176189 |
|
Fax No.: |
+44 (0) 2070228688 |
PARTNERS
Partners name are not divulged
KEY EXECUTIVES
|
Name : |
Anbanni Atari |
|
Designation : |
Chief Executive Officer - Founder |
|
|
|
|
Name : |
Raksha Rahul |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Shapiro Gabriel |
|
Designation : |
Consultancy Manager |
|
|
|
|
Name : |
Jonathan Roth |
|
Designation : |
Consultant |
|
|
|
|
Name : |
Joshua Schmeling |
|
Designation : |
Consultant |
|
|
|
|
Name : |
Frederik Olson |
|
Designation : |
Field Manager |
BUSINESS DETAILS
|
Line of Business : |
Investment Consultancy Firm. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
Note: Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
No |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
No |
|
Profitability for last three years |
No |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
No |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
No |
|
Banking Facility Details |
No |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
No |
|
Incorporation details is applicable |
No |
|
Last Accounts filed at ROC |
No |
|
Major Shareholders, if available |
No |
WEBSITE DETAILS:
PROFILE:
Anbanni and Raksha Venture Capital Offshore
LLC and Its subsidiaries are a leading global alternative asset manager. They
are contrarian, value-oriented investors in private equity, credit-oriented
capital market and real estate, with significant distressed expertise. They
operate their business in an integrated manner which they believe distinguishes
us from other alternative asset managers. They have applied this investment
philosophy over their 35 year history, deploying capital cross the balance
sheet of industry business and seeking to create value for their investors
throughout economics cycles.
EQUITY
Private equity, in finance, is an asset class
consisting of equity securities in operating companies that are not publicly
traded on a stock exchange. Although the capital for private equity originally
came from individual investors or corporations, in the 1970s, private equity
became an asset class in which various institutional investors allocated
capital in the hopes of achieving risk adjusted returns that exceed those
possible in the public equity markets. In the 1980s, insurers were major
private equity investors. Later, public pension funds and university and other
endowments became more significant sources of capital. For most institutional investors, private
equity investments are made as part of a broad asset allocation that includes
traditional assets (e.g., public equity and bonds) and other alternative assets
(e.g., hedge funds, real estate, commodities).
Most institutional investors do not invest directly in
privately held companies, lacking the expertise and resources necessary to
structure and monitor the investment. Instead, institutional investors will
invest indirectly through a private equity fund. Certain institutional
investors have the scale necessary to develop a diversified portfolio of
private equity funds themselves, while others will invest through a fund of
funds to allow a portfolio more diversified than one a single investor could
construct.
Returns on private equity investments are created through
one or a combination of three factors that include: debt repayment or cash
accumulation through cash flows from operations, operational improvements that
increase earnings over the life of the investment and multiple expansion,
selling the business for a higher multiple of earnings than was originally
paid. A key component of private equity as an asset class for institutional
investors is that investments are typically realized after some period of time,
which will vary depending on the investment strategy. Private equity
investments are typically realized through one of the following avenues:
an Initial Public Offering (IPO) – shares of the company are
offered to the public, typically providing a partial immediate realization to
the financial sponsor as well as a public market into which it can later sell
additional shares;
a merger or acquisition – the company is sold for either
cash or shares in another company;
a Recapitalization – cash is distributed to the shareholders
(in this case the financial sponsor) and its private equity funds either from
cash flow generated by the company or through raising debt or other securities
to fund the distribution.
VENTURE CAPITAL (VC)
Venture capital (VC) is financial capital provided to early-stage, high-potential,
high risk, growth startup companies. The venture capital fund makes money by
owning equity in the companies it invests in, which usually have a novel
technology or business model in high technology industries, such as
biotechnology, IT, software, etc. The typical venture capital investment occurs
after the seed funding round as growth funding round (also referred to as
Series A round) in the interest of generating a return through an eventual
realization event, such as an IPO or trade sale of the company. Venture capital
is a subset of private equity. Therefore, all venture capital is private equity,
but not all private equity is venture capital.
In addition to angel investing and other seed funding
options, venture capital is attractive for new companies with limited operating
history that are too small to raise capital in the public markets and have not
reached the point where they are able to secure a bank loan or complete a debt
offering. In exchange for the high risk that venture capitalists assume by
investing in smaller and less mature companies, venture capitalists usually get
significant control over company decisions, in addition to a significant
portion of the company's ownership (and consequently value).
Venture capital is also associated with job creation
(accounting for 2% of US GDP), the knowledge economy, and used as
a proxy measure of innovation within an economic sector or geography. Every
year, there are nearly 2 million businesses created in the USA, and only
600–800 get venture capital funding. According to the National Venture Capital
Association, 11% of private sector jobs come from venture backed companies and
venture backed revenue accounts for 21% of US GDP.
OFFSHORE
TRUST
An offshore trust
is simply a conventional trust that is formed under the laws of an offshore
jurisdiction.
Generally offshore trusts are similar in nature and effect
to their onshore counterparts; they involve a settler transferring (or
'settling') assets (the 'trust property') on the trustees to manage for the benefit
of a person or class or persons (the 'beneficiaries').
However, a number of offshore jurisdictions have modified
their laws to make their jurisdictions more attractive to settlers forming
offshore structures as trusts.
INVESTMENT
Real estate as the instrument of investment
In real estate, investment money is used to purchase
property for the purpose of holding, reselling or leasing for income and there
is an element of capital risk.
Residential real estate
Investment in residential real estate is the most common
form of real estate investment measured by number of participants because it
includes property purchased as a primary residence. In many cases the buyer
does not have the full purchase price for a property and must engage a lender such
as a bank, finance company or private lender. Different countries have their
individual normal lending levels, but usually they will fall into the range of
70–90% of the purchase price. Against other types of real estate, residential
real estate is the least risky.
Commercial real estate
Commercial real estate consists of multifamily apartments,
office buildings, retail space, hotels and motels, warehouses, and other
commercial properties. Due to the higher risk of commercial real estate,
loan-to-value ratios allowed by banks and other lenders are lower and often
fall in the range of 50–70%.
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.54.68 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NIT |
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.