|
Report Date : |
26.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
J. P. MORGAN SERVICES INDIA PRIVATE LIMITED (w.e.f. 14.06.2000) |
|
|
|
|
Formerly Known
As : |
DIPLOMAT INFOTECH PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.02.2000 |
|
|
|
|
Com. Reg. No.: |
11-124073 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.245.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PTC124073 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD0503B |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Subject is
engaged in the development of computer software and rendering information
technology enabled services. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 68160000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a part of J. P. Morgan Group. It is a well established and
a reputed company having good track. Financial position of the company
appears to be good. Trade relations are reported as fair. Business is active.
Payments are reported to be regular and as per commitments. Company can be considered good for normal business dealing 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
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.
INFORMATION DECLINED
Management non co-operative [91-22-61252000]
LOCATIONS
|
Registered / Head Office : |
|
|
Tel. No.: |
91-22-61252000/ 66954400 |
|
Fax No.: |
91-22-66953648 |
|
E-Mail : |
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|
Website : |
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|
Corporate Office 1 : |
18, Spott Road, Vakils House, Ballard Estate, Mumbai – 400 001,
Maharashtra, India |
|
|
|
|
Corporate Office 2 : |
Prestige Tech
Park, Next To Innovative Multiplex, Outer Ring Road, Sarjapur Main
Road, Marathahalli, Bangalore – 560 037, Karnataka, India |
|
Tel. No.: |
91-80-44160000 |
DIRECTORS
AS ON 25.06.2012
|
Name : |
Mrs. Kalpana Jaisingh Morparia |
|
Designation : |
Director |
|
Address : |
B/92, Ocean Gold, |
|
Date of Birth/Age : |
30.05.1949 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No.: |
00046081 |
|
|
|
|
Name : |
Mr. James Franklin Krass |
|
Designation : |
Director |
|
Address : |
1609, |
|
Date of Birth/Age : |
10.07.1957 |
|
Date of Appointment : |
06.06.2005 |
|
DIN No.: |
00636002 |
|
|
|
|
Name : |
Mr. Ravikanth Konteti |
|
Designation : |
Director |
|
Address : |
311-C Wing, |
|
Date of Birth/Age : |
02.07.1966 |
|
Date of Appointment : |
25.03.2009 |
|
DIN No.: |
00915023 |
|
|
|
|
Name : |
Mr. Brian Richard Harold Duffy |
|
Designation : |
Director |
|
Address : |
31, |
|
Date of Birth/Age : |
10.07.1961 |
|
Date of Appointment : |
05.12.2006 |
|
DIN No.: |
01051532 |
|
|
|
|
Name : |
Mr. Ranbir Saravjit Singh |
|
Designation : |
Director |
|
Address : |
1902, 19th Floor, Ekta Meadows, Off |
|
Date of Birth/Age : |
17.08.1974 |
|
Date of Appointment : |
20.07.2007 |
|
DIN No.: |
01658059 |
|
|
|
|
Name : |
Mr. Lester Joseph Owens |
|
Designation : |
Director |
|
Address : |
9, |
|
Date of Birth/Age : |
17.03.1957 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No.: |
02339144 |
|
|
|
|
Name : |
Mr. Nandita Chakravartti |
|
Designation : |
Director |
|
Address : |
B-1208, Maple Leaf Apartment, Raheja Vihar, Powai – 400 072, |
|
Date of Birth/Age : |
04.10.1955 |
|
Date of Appointment : |
25.03.2009 |
|
DIN No.: |
02602652 |
|
|
|
|
Name : |
Mr. Ajith Sundaresh |
|
Designation : |
Director |
|
Address : |
Flat No.1502, Odyssey II CHS Limited, |
|
Date of Birth/Age : |
24.11.1967 |
|
Date of Appointment : |
25.03.2009 |
|
DIN No.: |
02602666 |
|
|
|
|
Name : |
Mr. Jonathan Philip Teplitz |
|
Designation : |
Director |
|
Address : |
301 E 52 ST 1C, |
|
Date of Birth/Age : |
09.12.1962 |
|
Date of Appointment : |
26.07.2010 |
|
DIN No.: |
02905407 |
|
|
|
|
Name : |
Mr. Paul Herbert Compton |
|
Designation : |
Director |
|
Address : |
28, |
|
Date of Birth/Age : |
29.04.1964 |
|
Date of Appointment : |
21.04.2011 |
|
DIN No.: |
03502781 |
|
|
|
|
Name : |
Mr. Deepak Mangla |
|
Designation : |
Director |
|
Address : |
613, Teja Block, My Home Navadweep, Hitech City, Hyderabad – 500 081
Andhra Pradesh, India |
|
Date of Birth/Age : |
28.10.1965 |
|
Date of Appointment : |
05.10.2011 |
|
DIN No.: |
02054545 |
|
|
|
|
Name : |
Louis Rauchenberger |
|
Designation : |
Director |
|
Address : |
53, Burtis LN, Syosset - 11791 New York |
|
Date of Birth/Age : |
03.02.1962 |
|
Date of Appointment : |
15.05.2012 |
|
DIN No.: |
05275269 |
KEY EXECUTIVES
|
Name : |
Mr. Jaydeep Krishnan Kurup |
|
Designation : |
Secretary |
|
Address : |
A-2/503, |
|
Date of Birth/Age : |
21.05.1978 |
|
Date of Appointment : |
09.09.2010 |
|
PAN No.: |
ALTPK6612L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.06.2012
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
J. P. Morgan Services Asia Holdings Limited, |
2353740 |
5600000 |
|
J. P. Morgan International Finance Limited, |
10 |
-- |
|
|
|
|
|
TOTAL
|
2353750 |
5600000 |
AS ON 25.06.2012
|
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] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the development of computer software and rendering information
technology enabled services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN No: |
AAEFP3641G |
|
|
|
|
Group Holding
Company : |
JPMorgan Chase and Company |
|
|
|
|
Holding
Companies : |
·
J.P. Morgan Services Asia Holdings Limited,
Mauritius (JPMSAHL) ·
J.P. Morgan Services Asia Holdings, Inc |
|
|
|
|
Fellow
Subsidiaries : |
·
JPMorgan Chase Bank, N.A., and its Branches
(‘JPMCB’) ·
J.P. Morgan (S.E.A.) Limited ·
J.P. Morgan Securities (Asia Pacific) Limited ·
J.P. Morgan Chase Bank, Berhad ·
J.P. Morgan Australia Limited ·
J.P. Morgan Securities Australia Limited ·
JPMorgan Asset Management (UK) Limited ·
J.P. Morgan (Suisse) SA ·
J.P. Morgan Asset Management (Japan) Limited ·
JPMorgan Securities Japan Co. Limited ·
J.P. Morgan Retirement Plan Services LLC ·
J.P. Morgan Services Inc ·
J.P. Morgan Securities Limited ·
J.P. Morgan Securities LLC ·
J.P. Morgan Investment Management Inc. ·
J.P. Morgan Securities India Private Limited ·
J.P. Morgan India Private Limited (‘JPMIPL’) ·
J.P. Morgan Advisors India Private Limited ·
J P Morgan Asset Management India Private Limited
(‘JPMAM’) ·
J P Morgan Mutual Fund (managed by ‘JPMAM’) ·
JPMorgan Funds Management Inc. ·
J.P. Morgan Securities (Taiwan) Limited ·
J.P. Morgan Asset Management Real Assets (Asia)
Limited ·
J.P. Morgan Securities (Far East) Limited - Seoul
Branch |
CAPITAL STRUCTURE
AS ON 25.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
23000000 |
5% Non-Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.230.000 Millions |
|
|
TOTAL
|
|
Rs.280.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2353750 |
Equity Shares |
Rs.10/- each |
Rs.23.538
Millions |
|
5600000 |
5% Non-Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.56.000 Millions |
|
|
TOTAL |
|
Rs.79.538 Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
28000000 |
Equity Shares |
Rs.10/- each |
Rs.280.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24500000 |
Equity Shares |
Rs.10/- each |
Rs.245.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
245.000 |
80.000 |
80.000 |
|
(b) Reserves & Surplus |
16795.000 |
13725.000 |
10864.000 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
17040.000 |
13805.000 |
10944.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
270.000 |
235.000 |
204.000 |
|
(d) long-term
provisions |
494.000 |
446.000 |
422.000 |
|
Total Non-current
Liabilities (3) |
764.000 |
681.000 |
626.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
719.000 |
709.000 |
559.000 |
|
(c) Other
current liabilities |
1373.000 |
1379.000 |
1040.000 |
|
(d) Short-term
provisions |
203.000 |
191.000 |
312.000 |
|
Total Current
Liabilities (4) |
2295.000 |
2279.000 |
1911.000 |
|
|
|
|
|
|
TOTAL |
20099.000 |
16765.000 |
13481.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3221.000 |
3804.000 |
3470.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
48.000 |
181.000 |
185.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
856.000 |
633.000 |
513.000 |
|
(d) Long-term Loan and Advances |
1451.000 |
1395.000 |
1219.000 |
|
(e) Other
Non-current assets |
336.000 |
462.000 |
127.000 |
|
Total Non-Current
Assets |
5912.000 |
6475.000 |
5514.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
702.000 |
122.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
3074.000 |
2621.000 |
2967.000 |
|
(d) Cash
and cash equivalents |
9692.000 |
6694.000 |
3807.000 |
|
(e)
Short-term loans and advances |
682.000 |
758.000 |
1170.000 |
|
(f)
Other current assets |
37.000 |
95.000 |
23.000 |
|
Total
Current Assets |
14187.000 |
10290.000 |
7967.000 |
|
|
|
|
|
|
TOTAL |
20099.000 |
16765.000 |
13481.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
REVENUE FROM
OPERATIONS |
31462.000 |
27845.000 |
22048.000 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6815.000 |
5602.000 |
4397.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1337.000 |
1321.000 |
1122.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
5478.000 |
4281.000 |
3275.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1683.000 |
1420.000 |
112.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3795.000 |
2861.000 |
3163.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13054.000 |
10193.000 |
7030.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Redemption Reserve |
56.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
16793.000 |
13054.000 |
10193.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Professional Fees |
NA |
27589.000 |
21826.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
645.000 |
565.000 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
154.90 |
357.63 |
1343.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.54
|
26.84 |
25.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.31 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.18
|
4.52 |
4.17 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY.
NOTE:
The registered office of the company has been shifted from Technopolis Knowledge Park, 3rd Floor, Office No.1 to 9, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India to the present address w.e.f. 30.06.2011.
BACKGROUND:
The Company was incorporated in
The Company is a subsidiary of J.P. Morgan Services Asia Holdings
Limited,
JPMorgan Chase and
Company is a financial holding company for a group of subsidiaries that provide
a wide range of products and services to its clients.
The Company is
registered with the Software Technology Parks of India (STPI), and is engaged
in the development of computer software and rendering information technology
enabled services.
FINANCIAL RESULTS:
The revenue from
operations of the Company has grown from Rs. 27845.000 millions for the year
ended March 2012 to Rs. 31462.000 millions for the year ended March 2013. The
headcount (FTE) during the same period has decreased from 16295.000 millions to
16175.000 millions. The total investment in fixed assets during the financial
year was Rs. 786.000 millions.
FIXED ASSETS:
· Leasehold Improvements
· Office Equipments
· Computers
· Furniture and Fixtures
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 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.64.69 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
69 |
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.