1. Summary Information
|
Country |
India |
||
|
Company Name |
GLOBAL INFONET DISTRIBUTION PRIVATE LIMITED |
Principal Name 1 |
Venkata Subramaniyan Muthuchandrasekar |
|
Status |
Satisfactory |
Principal Name 2 |
Vibu Venkata Subramanian |
|
Registration # |
55-171871 |
||
|
Street Address |
241, Ground
Floor, Ghalib Apartment, Parwana Road, Pitampura, New Delhi - 110034 |
||
|
Established Date |
27.12.2007 |
SIC Code |
-- |
|
Telephone# |
91-11-40531589 |
Business Style 1 |
Distributor |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Machines and Consumables from Xerox |
|
|
# of employees |
Not Available |
Product Name 2 |
Mother Boards from Jetway |
|
Paid up capital |
Rs.176,105,000/-
|
Product Name 3 |
Hard Disc Drives from Western Digital |
|
Shareholders |
Foreign Holdings
99.80%, Directors or relatives
of directors 0.20% |
Banking |
Yes Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
UAE |
Global Distribution FZE |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,025,311,000 |
Current Liabilities |
900,998,000 |
|
Inventories |
890,185,000 |
Long-term Liabilities |
664,416,000 |
|
Fixed Assets |
8,502,000 |
Other Liabilities |
27,698,000 |
|
Deferred Assets |
2,517,000 |
Total Liabilities |
1,593,112,000 |
|
Invest& other Assets |
19,510,000 |
Retained Earnings |
176,808,000 |
|
|
|
Net Worth |
352,913,000 |
|
Total Assets |
1,946,025,000 |
Total Liab. & Equity |
1,946,025,000 |
|
Total Assets (Previous Year) |
1,895,209,000 |
|
|
|
P/L Statement as of |
31.12.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
8,351,867,000 |
Net Profit |
58,386,000 |
|
Sales(Previous yr) |
6,707,466,000 |
Net Profit(Prev.yr) |
71,415,000 |
|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL INFONET DISTRIBUTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
241, Ground
Floor, Ghalib Apartment, Parwana Road, Pitampura, New Delhi - 110034 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
27.12.2007 |
|
|
|
|
Com. Reg. No.: |
55-171871 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 176.105
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101DL2007PTC171871 |
|
|
|
|
IEC No.: |
0507080084 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG10863G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCG0161G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Traders of Information Technology Products and also Distributors for
Dell, Lenovo, Xerox, Western Digital, Hard Drives, Jet way, Motherboards. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Global Distribution Group. It is a well established company having a satisfactory track record. There
appears slight dip in the profitability in the year 2012. However, general financial position of the company is strong. The
company gets good support from its group companies. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and condition. |
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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating : (CARE) BBB+ |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation it carry moderate credit risk. |
|
Date |
May 2012 |
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 : |
241, Ground
Floor, Ghalib Apartment, |
|
Tel. No.: |
91-11-40531589 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office: |
‘Batra House’, Lower Ground Floor, Plot No. 52, Sector 32, Gurgaon - 122001,
Haryana, India |
|
Tel. No.: |
91-124-4971600 |
|
Fax No.: |
91-124-4971610 |
|
|
|
|
Branch Office : |
Located At: Ø
New Delhi Ø
Ahmedabad Ø
Bangalore Ø
Bhubaneshwar Ø
Chandigarh Ø
Chennai Ø
Gurgaon Ø
Ghaziabad Ø
Guwahati Ø
Hyderabad Ø
Jaipur Ø
Kochi Ø
Kolkata Ø
Ludhiana Ø
Lucknow Ø
Mumbai Ø
Nagpur Ø
Pune Ø
Raipur Ø
Indore Ø
Dehradun |
DIRECTORS
AS ON 06.06.2012
|
Name : |
Venkata Subramaniyan Muthuchandrasekar |
|
Designation : |
Managing director |
|
Address : |
Po Box 17974, Dubai 097104, UAE |
|
Date of Birth/Age : |
28.06.1968 |
|
Date of Appointment : |
15.02.2008 |
|
Voter ID No.: |
LWN5727847 |
|
DIN No.: |
01918372 |
|
|
|
|
Name : |
Vibu Venkata Subramanian |
|
Designation : |
Director |
|
Address : |
Old No. 6, New No. 11, Thiruvengadam Street, Mandaveli, Chennai - 600028, Tamilnadu, India |
|
Date of Birth/Age : |
20.03.1979 |
|
Date of Appointment : |
31.10.2008 |
|
DIN No.: |
02393172 |
KEY EXECUTIVES
|
Name : |
Mrs. Shubhangi Garg |
|
Designation : |
Company Secretary |
|
Address : |
E-161, 3rd Floor, Gautam Nagar, New Delhi - 110049, India |
|
Date of Birth/Age : |
26.12.1985 |
|
Date of Appointment : |
02.03.2010 |
|
PAN No.: |
ARFPG3301E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vibu Venkatasubramanian |
|
34545 |
|
Geo Infonet Limited, UAE |
|
4402620 |
|
Global Distribution FZE, UAE |
|
13173330 |
|
|
|
|
|
Total |
|
17610495 |
AS ON 19.10.2012
|
Names of Allottees |
|
No. of Shares |
|
Vibu Venkatasubramanian |
|
3839 |
|
Geo Infonet Limited, UAE |
|
489180 |
|
Global Distribution FZE, UAE |
|
1668758 |
|
|
|
|
|
Total |
|
2161777 |
AS ON 06.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.80 |
|
Directors
or relatives of directors |
|
0.20 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders of Information Technology Products and also Distributors for
Dell, Lenovo, Xerox, Western Digital, Hard Drives, Jet way, Motherboards. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Ø Indusind Bank
Limited, Block A, Sushant Lok, Phase I, Tower B, First India Place, Ground Floor,
Mehrauli-Gurgaon Road, Gurgaon - 122002, Haryana, India Ø
Standard
Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road,
New Delhi – 110001, India Ø IDBI Bank, J –
13/ 17, Rajouri Gardens, New Delhi – 110027, India Ø ICICI Bank, Sakuntala
Apartments, 59, Nehru Place, New Delhi – 110019, India Ø ICICI Bank
Limited, Landmark Race Cource Circle, Alkapuri, Baroda-390015, Gujarat, India
Ø Yes Bank
Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai-400018, Maharashtra, India Ø HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khandelwal Jain and Company Chartered Accountants |
|
Address : |
221, Hans Bhawan, Bahadur Shah Zafar Marg,
New Delhi – 110002, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK0985C |
|
|
|
|
Holding Company : |
Global Distribution FZE, Dubai |
|
|
|
|
Subsidiary : |
IT Inspire Pte Limited Singapore |
|
|
|
|
Fellow
Subsidiary : |
VSM Agencies Private Limited [U74899DL1994PTC062420] |
|
|
|
|
Associate
Company : |
Geo Infonet Limited |
CAPITAL STRUCTURE
AS ON 06.06.2012
Authorised Capital : Rs. 300.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 216.178
Millions
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17,610,495 |
Equity Shares |
Rs. 10/- each |
Rs. 176.105
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
176.105 |
176.105 |
176.105 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
176.808 |
118.422 |
47.007 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
352.913 |
294.527 |
223.112 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
535.376 |
498.039 |
81.243 |
|
|
2] Unsecured Loans |
129.040 |
0.000 |
3.400 |
|
|
TOTAL BORROWING |
664.416 |
498.039 |
84.643 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1017.329 |
792.566 |
307.755 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.502 |
6.337 |
5.547 |
|
|
Capital work-in-progress |
17.252 |
13.901 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.258 |
2.198 |
0.000 |
|
|
DEFERREX TAX ASSETS |
2.517 |
1.992 |
2.423 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
890.185
|
708.803
|
413.016
|
|
|
Sundry Debtors |
776.290
|
804.399
|
526.436
|
|
|
Cash & Bank Balances |
165.724
|
236.151
|
99.354
|
|
|
Other Current Assets |
0.000
|
1.697
|
0.819
|
|
|
Loans & Advances |
83.297
|
119.731
|
55.947
|
|
Total
Current Assets |
1915.496
|
1870.781
|
1095.572
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
870.297
|
1054.202
|
769.235
|
|
|
Other Current Liabilities |
30.701
|
28.116
|
16.230
|
|
|
Provisions |
27.698
|
20.325
|
10.322
|
|
Total
Current Liabilities |
928.696
|
1102.643
|
795.787
|
|
|
Net Current Assets |
986.800
|
768.138
|
299.785
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1017.329 |
792.566 |
307.755 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8351.867 |
6707.466 |
3183.733 |
|
|
|
Other Income |
62.107 |
81.637 |
15.250 |
|
|
|
TOTAL (A) |
8413.974 |
6789.103 |
3198.983 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
7850.297 |
6513.526 |
3053.286 |
|
|
|
Personnel Expenses |
75.248 |
50.841 |
31.849 |
|
|
|
Operating and Other Expenses |
308.032 |
77.275 |
51.612 |
|
|
|
TOTAL (B) |
8233.577 |
6641.642 |
3136.747 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
180.397 |
147.461 |
62.236 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
79.257 |
37.401 |
7.652 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
101.140 |
110.060 |
54.584 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.776 |
2.166 |
0.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
98.364 |
107.894 |
53.738 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
39.978 |
36.479 |
16.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
58.386 |
71.415 |
36.871 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
113.086 |
41.671 |
4.800 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
171.472 |
113.086 |
41.671 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
43.696 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Information Technology related Products |
4658.644 |
2410.354 |
660.013 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.32 |
4.06 |
2.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
0.69
|
1.05 |
1.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
1.61 |
1.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.11
|
5.75 |
4.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.37 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.88
|
1.69 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.70 |
1.38 |
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
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 |
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 |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.12.2011 |
31.12.2010 |
|
|
(Rs. In Millions) |
|
|
Loans subsidiaries unsecured |
129.040 |
0.000 |
|
Total |
129.040 |
0.000 |
Note:
The registered address of the company has been shifted from D - 88,
Okhla Industrial Area, Phase-I, New Delhi – 110020, India to the present
w.e.f.16.04.2010
BACKGROUND
Subject is a wholly
owned subsidiary of Global FZE, Dubai is engaged in the trading of Information
Technology Products and are the national Tier 1 distributors for Dell, Lenovo,
Xerox, Western Digital ? Hard Drives, Jet way ? Motherboards. As a Tier 1
distributor of IT Products the Company purchases goods from the above said
Vendors for selling them to Tier II distributors in India.
REVIEW OF
OPERATIONS
During the year,
the company has achieved a turnover of Rs. 8351.900 Millions as compared to Rs.
6757.100 Millions in previous year, with a growth of 24% over the previous
year, inspite of the slowdown in the Indian economy (as a result of overall
global recession) and severe shortage of IT components during the second half
of the year caused by factors beyond the control of the company.
The last year was
a challenging year for the company, the net result of the company (with a
Profit after Tax of Rs. 58.400 Millions) declined by Rs. 13.000 Millions
compared to the previous year. This is still quite notable considering the
weakening of Indian Rupee towards the last quarter of the year which caused
unrealized foreign exchange losses inspite of careful hedging strategies,
though the gross margins improved as per market factors.
The Company has
concrete plans in place to accomplish growth in the coming years with the
addition of new products and vendors with the support of huge network of 38
branches all over India.
The market for
laptops, peripherals and Information Technology products in India is set to
grow four fold in the next few years according to the industry experts and the
company is ideally poised to take advantage of this growth.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51101DL2007PTC171871 |
|
Name of the company
|
GLOBAL INFONET
DISTRIBUTION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
241, Ground
Floor, Ghalib Apartment, Parwana Road, Pitampura, New Delhi – 110034, India Email: sivaraman@globalinfonet.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Standard
Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road,
New Delhi – 110001, India Email: Ashima.Tandon@sc.com |
|
Nature of
description of the instrument creating or modifying the charge |
Unattested memorandum
of hypothecation. |
|
Date of
instrument Creating the charge |
31.10.2012 |
|
Amount secured by
the charge |
Rs. 350.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per facility
advice letter dated 25.10.2012 to be amended from time to time. Terms of Repayment As per facility
advice letter dated 25.10.2012 to be amended from time to time. Margin As per facility
advice letter dated 25.10.2012 to be amended from time to time. Extent and Operation of the charge Extent and
Operation - 100% Others The above is to
secure non fund based limit. |
|
Short particulars
of the property charged |
Hypothecation by way
of first pari-passu charge over all present and future of movable properties
of the borrower including without limitation its movable plant and machinery,
furniture and fittings, equipment, computers hardware, computer software,
machinery, spares, tools and accessories and other movable etc. And all
present and future book debts, outstandings moneys receivable, claims and now
due and owing or which may at any time during the continuance of this
security become due and owing to the borrower in the course of its business
by any person, firm, company or body by the authority or any body corporate
or undertaking project whatever in the public sector and all present and
future stock in trade consisting of raw materials, finished goods, goods in
process of manufacturing and other merchandise etc. Stored or to be stored at
company's godowns or premises situated at Corporate Office: Batra House, LGF,
Plot No. 52, Sector-32, Gurgaon-122001 or wherever else the same may be. |
FIXED ASSETS:
Ø
Computer and Peripherals
Ø
Furniture and Fittings
Ø
Office Equipment
Ø
Vehicles
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 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 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. 54.34 |
|
|
1 |
Rs. 82.56 |
|
Euro |
1 |
Rs. 70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.