MIRA
INFORM REPORT
|
Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
UBM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
616 Sagartech Plaza A, Andheri-Kurla Road, Saki Naka ,
Andheri (East), Mumbai - 400072,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.10.2005 |
|
|
|
|
Com. Reg. No.: |
11-157112 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.201.350
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92400MH2005PTC157112 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU04880B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU8181D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is organization of exhibitions, conferences
and trade fairs, publishing of technology magazines in print and online
media, wireless news distribution and providing ancillary services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of UBM Plc a leading global business media company. It
is an established company having satisfactory track. Trade relations are
reported to be fair. Business is active. Payment are reported to be usually
correct and as per commitments. The company can be considered 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office / Head Office : |
616 Sagartech Plaza A, Andheri-Kurla Road, Saki Naka ,
Andheri (East), Mumbai - 400072,
Maharashtra, India |
|
Tel. No.: |
91-22-66122600 |
|
Fax No.: |
91-22-66122626 / 27 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at ·
New
Delhi ·
Bangalore ·
Chennai |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Michael Roland Anton Duck |
|
Designation : |
Director |
|
Address : |
Flat A, 29F, South Tower 1, Residence Bel-Air, Island South, 38
Bel-Air Ave, Hong Kong |
|
Date of Birth/Age : |
06.08.1956 |
|
Date of Appointment : |
13.06.2006 |
|
DIN No.: |
01852870 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U92400MH2005PTC157112 |
UBM
INDIA PRIVATE LIMITED |
Director |
13/06/2006 |
13/06/2006 |
Active |
NO |
|
2 |
U51393MH2006PTC162594 |
UBM
INDEX TRADE FAIRS PRIVATE LIMITED |
Additional
director |
13/10/2011 |
13/10/2011 |
Active |
NO |
|
Name : |
Mr. Jime Alexander Essink |
|
Designation : |
Director |
|
Address : |
3803, Convention Plaza, Apartments, 1 Harbour Road, HK 0, Hong Kong |
|
Date of Birth/Age : |
09.12.1955 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
02080514 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U92400MH2005PTC157112 |
UBM
INDIA PRIVATE LIMITED |
Director |
30/06/2008 |
15/11/2007 |
Active |
NO |
|
2 |
U51393MH2006PTC162594 |
UBM
INDEX TRADE FAIRS PRIVATE LIMITED |
Additional
director |
13/10/2011 |
13/10/2011 |
Active |
NO |
|
Name : |
Mr. Sanjeev Singh Khaira |
|
Designation : |
Director |
|
Address : |
1802, 18th Floor, Tivoli Chs Limited, Powai, Mumbai –
400076, Maharashtra, India |
|
Date of Birth/Age : |
16.11.1971 |
|
Date of Appointment : |
21.01.2010 |
|
PAN No.: |
BEDPK7011M |
|
DIN No.: |
02878464 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U92400MH2005PTC157112 |
UBM
INDIA PRIVATE LIMITED |
Director |
21/01/2010 |
15/12/2009 |
Active |
NO |
|
2 |
U51393MH2006PTC162594 |
UBM
INDEX TRADE FAIRS PRIVATE LIMITED |
Additional
director |
13/10/2011 |
13/10/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Stromcliff Limited, Cyprus |
|
20134997 |
|
UBM Asia B. V., Netherland |
|
03 |
|
Total |
|
20135000 |
As on 29.11.2011
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Stromcliff Limited, Cyprus |
|
3800000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is organization of exhibitions, conferences
and trade fairs, publishing of technology magazines in print and online
media, wireless news distribution and providing ancillary services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Associates Chartered Accountants |
|
Address : |
6th and 20th Floor, Express Towers, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Holding Company : |
Stormcliff Limited |
|
|
|
|
Ultimate Holding Company : |
United Business Media Limited |
|
|
|
|
Fellow Subsidiaries
: |
· TechWeb · Informex Holdings LLC · United Business Media Group Limited · Expoconsult BV (UBM BV) · UBM LLC · CMP Media LLC (Tech Insights) · UBM Information Limited · UBM Asia Limited · UBM Media Thailand Company Limited · UBM Medica India Private Limited CIN No.: U72900KA2000PTC027050 |
CAPITAL STRUCTURE
After 28.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23935000 |
Equity Shares |
Rs.10/- each |
Rs.239.350
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20135000 |
Equity Shares |
Rs.10/- each |
Rs.201.350
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 |
201.350 |
55.750 |
55.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
73.668 |
9.129 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(9.560) |
|
|
NETWORTH |
275.018 |
64.879 |
46.190 |
|
|
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 |
275.018 |
64.879 |
46.190 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
254.278 |
12.878 |
14.212 |
|
|
Capital work-in-progress |
0.000 |
2.197 |
0.473 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
27.124 |
26.726 |
36.961 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
51.586
|
70.259 |
56.164 |
|
|
Cash & Bank Balances |
211.759
|
76.192 |
48.092 |
|
|
Other Current Assets |
0.858
|
0.214 |
37.155 |
|
|
Loans & Advances |
167.677
|
108.939 |
114.370 |
|
Total
Current Assets |
431.880
|
255.604 |
255.781 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
146.373
|
108.410 |
85.933 |
|
|
Other Current Liabilities |
247.455
|
79.745 |
132.062 |
|
|
Provisions |
44.436
|
44.371 |
43.242 |
|
Total
Current Liabilities |
438.264
|
232.526 |
261.237 |
|
|
Net Current Assets |
(6.384)
|
23.078 |
(5.456) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
275.018 |
64.879 |
46.190 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
654.226 |
497.905 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
563.686 |
468.167 |
|
|
|
|
|
|
NA |
|
|
|
PROFIT BEFORE
TAX |
90.540 |
29.638 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.001 |
10.949 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
64.539 |
18.689 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.129 |
(9.560) |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
73.668 |
9.129 |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Exhibition Space and other revenue |
|
83.020 |
87.842 |
|
|
|
Advertisement Revenue |
|
6.617 |
10.474 |
|
|
TOTAL EARNINGS |
152.500 |
89.637 |
98.316 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.21 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.86
|
3.75 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.20
|
11.04 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.56 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.59
|
3.58 |
5.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
1.10 |
0.98 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
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 |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FIXED ASSETS:
·
Computers
·
Furniture and Fixtures
·
Leasehold Improvements
·
Office Equipments
·
Vehicles
AS PER WEBSITE
DETAILS:
HISTORY
Subject started operations in May 2006 with
the head office in Mumbai with 8 employees; today it has over 120 employees.
The company has expanded its reach with branch offices in Delhi, Bangalore and
Chennai — the new offices are designed to provide an operational base for all
UBM's businesses as they develop and expand their activities across the
sub-continent.
Subject started with two events in 2006 and
subsequently launched and held several successful events in the years 2007,
2008, 2009 and 2010.
CPhI India (Convention on pharmaceutical
ingredients and intermediates) PMEC (Pharmaceutical machinery and equipment
convention) and ICSE ( International Contract Service Expo) together, are the
biggest and most comprehensive pharmaceutical trade exhibitions in South Asia .
Food Ingredients India (Fi) conference and
exhibition launched in 2006 and Hotelex India address niche sector of food ingredients
and the hospitality industry.
IFSEC India 2007 was a successful launch,
which established UBM's entry into the security market. IFSEC India along with
Firex India 2008,2009 and 2010 addressed the security as well as the fire
sectors. Internal Security was added thereafter and co located with IFSEC in
2009 and 2010.
The Hyderabad Jewellery and Gem fair - the key
professional fair for the jewellery market in south India , was launched in
2008 and was followed with successful editions in 2009 and 2010. Subject also successfully partnered with the
Madras Jewellers and Diamond Merchants Association (MJDMA) and organized the
B2B Gem and Jewellery India International exhibition at Chennai in 2009 and
2010.
In 2009, Subject also launched and successfully
organized Informex (an event for fine chemicals and specialty chemicals and
pharmaceutical industries), fMM and T (footwear material machinery and
technology) and India Energy . Interop
2009 and 2010 - world's leading Information Technology event in the enterprise
space and India Nuclear Energy 2009 and 2010 were the prized launches of the
company.
Subject with its technology and publishing
division - UBM Technology Media, started in May 2007, brought the power of
trusted IT media brands to technology and business decision makers through
online properties, IT gatherings and industry-leading magazines with renowned
IT brands like CRN and Information Week, Techonline India. ESC India (Embedded
Systems Conference) and other customized IT related events for clients like CA,
F5 Networks, Trend Micro, VASCO, HP, RSA, EMC are other innovative marketing
solutions to help create long-term, profitable relationships with technology
builders, sellers and buyers.
To further accelerate UBMs’ India growth in
India, two online publications Property World and the Energy Business,
addressing the growing property and energy sectors, rolled out www.pwindia.in
and www.energybusiness.in.
Besides new exhibitions and publication
launches, Subject launched the Conference division to cater to the needs of
quality content and knowledge sectors in India. Counter India Terror India
conference and Biosimilars conference were held in 2009. Subsequently the
conference division conducted over 12 successful conferences in 2009 - 2010 on
various industry verticals.
Today Subject is looked upon as a complete
media and marketing organization catering to the B2B markets
PROFILE
Subject is a part of UBM plc which is a
leading global business media company. They inform markets and bring the
world’s buyers and sellers together at events, online, and in print, providing
them with the information they need to do business successfully. They focus on
serving professional commercial communities, from doctors to game developers,
from journalists to jewellery traders, from farmers to pharmacists, around the
world.
Their 6,000 staff in more than 30 countries
are organised into specialist teams that serve these communities, helping them
to do business and their markets to work effectively and efficiently. UBM
worldwide organises 300 events, publishes 200 magazines and periodicals and
host 200 websites.
UBM in India has five operating divisions
PRESS RELEASE:
3RD EDITION OF INTEROP MUMBAI WELCOMES THE TECHNOLOGY BUYERS
12 SEPTEMBER 2011
The 3rd edition of INTEROP Mumbai is gearing
up to welcome the technology buyers for in-depth educational programs, a solution-rich
exhibit floor, and live technology demonstrations from leading vendors. The
three-day exhibition-cum-conference, INTEROP Mumbai 2011 is now South Asia’s
most definitive enterprise business technology event.
As the entire program is getting finalized for
2011, we expect close to 100 sponsors and exhibitors
This year we have over 50 speakers from all
over the world spread across 30+ sessions, 6 keynotes, 3 plenary panel
discussions, real -world workshops and special sessions with close to 5000
qualified audiences as visitors and
delegates.
The three-day INTEROP Mumbai 2011 exhibition
and conference will witness active representation from the IT enterprise and
channel fraternity (including keynotes, session chairs, track speakers,
moderators, panelists and workshop presenters). The event will present each
attendee with a unique opportunity to interact face-to-face with industry
experts and global thought leaders.
4TH EDITION OF HYDERABAD JEWELLERY, PEARL AND GEM FAIR FROM 9 – 11 JULY
27 JUNE 2011
After three successful editions of the
Hyderabad Jewellery, Pearl and Gem Fair (HJF) , the 4th edition of HJF will be
held from 9th -11th July 2011 at the Hitex Exhibition Centre, Hyderabad. HJF
has gained the confidence and the trust of participants as a true International
B2B show last year. HJF 2011 which is purely a B2B edition, has lot many new
features added to it and is the most prominent exhibition on Gems and Jewellery
and the only International B2B exhibition of its kind in South India. Organized
by UBM India and supported by Twin Cities Jewellery Association, AP Gold,
Silver Jewellery and Diamond Merchants Association, The Hyderabad Secunderabad
Pearl Merchants Association, All Kerala Gold and Silver Merchants Association
and many others.
Speaking on the occasion, Mr. Sanjeev Khaira,
Managing Director, UBM India said, “HJF is the only true International business
to business (B2B) exhibition in the region which has made its foothold amongst
the most prominent and important exhibitions in the country. The thrust is on
the Gems and Jewellery sector which through this fair gets the perfect
international trading platform. It will
create desired exposure and business opportunities to both exhibitors and buyers
from major cities and smaller districts in Andhra Pradesh. Hyderabad has long
been an important trading hub for jewellery sector in the country.
Keeping in mind both the visitors and the
participants’, key features are included during the three day exhibition. a)
Our knowledge partner GIA will conduct workshops on “Challenges in grading
colour and identifying lookalikes” during HJF 2011. b) A Hosted Buyer/ Supplier
Programme gives exclusive opportunity to the industry professional to visit
HJF-2011 and network with the leading Jewellery professionals from around the
globe.
The experience of HJF 2010 road-shows made the
organizers to reach out to more geographical areas this year before the show.
HJF will showcase a wide range of varieties to the buyers to select from and
replenish their stocks before the key buying season. Light weight ethnic
jewellery, exquisite diamond jewellery, fine gold jewellery, diamonds,
gemstones, pearls and related products and services to an array of
international fine jewellery are sure to catch the eyeball of the visitors.
HJF 2011 will be a host to over 120 companies
from all over India. Exhibitors this year are concentrating more on diamonds,
pearl and stone studded jewellery. With over 120 registered exhibitors and a
25% more footfalls expected this year, HJF is all set for a grand event this
year.
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.55.44 |
|
|
1 |
Rs.89.31 |
|
Euro |
1 |
Rs.71.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.