MIRA
INFORM REPORT
|
Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
DSP BLACKROCK INVESTMENT MANAGERS PRIVATE LIMITED (w.e.f. 27.05.2009) |
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Formerly Known
As : |
DSP BLACKROCK INVESTMENT MANAGERS LIMITED (w.e.f. 14.10.2008) DSP MERRILL LYNCH FUND MANAGERS LIMITED (w.e.f. 07.03.2003) DSP MERRILL LYNCH INVESTMENT MANAGERS LIMITED |
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Registered
Office : |
Mafatlal Centre, 10th Floor, Nariman Point, Mumbai –
400021, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
13.05.1996 |
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Com. Reg. No.: |
11-099483 |
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Capital
Investment / Paid-up Capital : |
Rs. 200.000 Millions |
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CIN No.: [Company Identification
No.] |
U74140MH1996PTC099483 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD10223D |
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PAN No.: [Permanent Account No.] |
AAACD3069K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company operates as an ‘Asset Management Company’ for schemes of
DSP BlackRock Mutual Fund. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
USD 12000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. Company is performing well. Liquidity position appears to be strong
and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be to be regular and as per commitment. The company can be considered normal for 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
DSP Blackrock Strategic Bond Fund: (AAA Mfs)
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|
Rating Explanation |
Highest degree of safety and timely receipt
of payment. |
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Date |
November 2013 |
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 PARTED BY
|
Name : |
Mr. Melwin D’Silva |
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Designation : |
AVP in Finance |
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Date : |
02.12.2013 |
LOCATIONS
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Registered Office : |
Mafatlal Centre, 10th Floor, Nariman Point, Mumbai –
400021, Maharashtra, India |
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Tel. No.: |
91-22-66578000 |
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Fax No.: |
91-22-66578182 |
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E-Mail : |
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Website : |
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Branch Office : |
Maker Chamber VI, Office No. 126/127, 12th Floor, Jamnalal Bajaj Road,
Nariman Point, Mumbai-400021, Maharashtra, India |
DIRECTORS
As on: 30.08.2013
|
Name : |
Mr. Hemendra Mathuradas Kothari |
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Designation : |
Director |
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Address : |
57 Sea View, Worli Seaface, Mumbai-400025, |
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Date of Birth/Age : |
25.08.1946 |
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Date of Appointment : |
13.05.1996 |
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DIN No.: |
00009873 |
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Name : |
Mr. Uday Chander Khanna |
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Designation : |
Director |
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Address : |
Centrum Towers Flat 182, Centrum Co-operative Society Limited,
Barkatali Road, Wadala, Mumbai – 400037, Maharashtra, India |
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Date of Birth/Age : |
01.12.1949 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
00079129 |
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Name : |
Mr. Subrahmanian Rameseshan Venkata |
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Designation : |
Director |
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Address : |
8 Rushilla, 17-C, |
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Date of Birth/Age : |
26.09.1933 |
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Date of Appointment : |
18.10.1996 |
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DIN No.: |
00005292 |
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Name : |
Mr. Omkar Mihir Goswami |
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Designation : |
Director |
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Address : |
E-121, Masjid Moth, 1st Floor, Greater, Kailash III, New
Delhi-110048, |
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Date of Birth/Age : |
29.08.1956 |
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Date of Appointment : |
22.01.2001 |
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DIN No.: |
00004258 |
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Name : |
Mr. Ranjan K C Pant |
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Designation : |
Director |
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Address : |
Portion – B, 10-A, Kasturba Gandhi Marg, New Delhi-110001, |
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Date of Birth/Age : |
29.06.1959 |
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Date of Appointment : |
25.06.2002 |
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DIN No.: |
00005410 |
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Name : |
Mr. Piyush Gunwantrai Mankad |
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Designation : |
Director |
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Address : |
P 161, |
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Date of Birth/Age : |
18.11.1941 |
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Date of Appointment : |
21.10.2004 |
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DIN No.: |
00005001 |
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Name : |
Mr. Laurence Dauglos Fink |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
02.11.1952 |
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Date of Appointment : |
13.02.2009 |
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DIN No.: |
02519601 |
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Name : |
Mr. Susan Albert Wagner |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
26.05.1961 |
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Date of Appointment : |
13.02.2009 |
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DIN No.: |
02519231 |
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Name : |
Mr. John Richard Kushel |
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Designation : |
Alternate Director |
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Address : |
1135 Greacen Point Road, Mamaroneck-10543, USA |
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Date of Birth/Age : |
31.05.1966 |
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Date of Appointment : |
16.04.2009 |
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DIN No.: |
02544270 |
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Name : |
Quintin Rupert Salter Price |
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Designation : |
Alternate Director |
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Address : |
30 Addison Avenue, London-W114QP, UK |
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Date of Birth/Age : |
03.04.1961 |
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Date of Appointment : |
16.04.2009 |
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DIN No.: |
02544230 |
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Name : |
Mr. David Patric Graham |
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Designation : |
Director |
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Address : |
Marley Cottage, |
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Date of Birth/Age : |
13.12.1955 |
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Date of Appointment : |
09.08.2010 |
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DIN No.: |
00005250 |
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Name : |
Mr. Mark Seumas Mccombe |
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Designation : |
Director |
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Address : |
Flat B.13/F. Block 5, Pak Pat Shan Road, The Redhilla Sitea Hongkong |
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Date of Birth/Age : |
23.03.1996 |
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Date of Appointment : |
0.03.2012 |
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DIN No.: |
05214875 |
KEY EXECUTIVES
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Name : |
Mr. Pritesh Niranjan Majmudar |
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Designation : |
Secretary |
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Address : |
D-706, Manish Park, Pump House, Andheri East, Mumbai-400093, |
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Date of Birth/Age : |
18.08.1977 |
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Date of Appointment : |
30.01.2009 |
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PAN No.: |
AJUPM8866B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.08.2013
|
Names of Shareholders |
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No. of Shares |
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Black Rock Advisors Singapore Pte Limited, |
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8000000 |
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DSP Adiko Holdings Private Limited, |
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8000000 |
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DSP HMK Holdings Private Limited, India |
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4000000 |
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Total |
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20000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.08.2013
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Category |
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Percentage |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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40.00 |
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Bodies corporate |
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60.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company operates as an ‘Asset Management Company’ for schemes of
DSP BlackRock Mutual Fund. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Tower 3, 27th-32nd, Floor, Indiabulls Financial Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West) Mumbai – 400013, Maharashtra, India |
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PAN No.: |
AACFD4815A |
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Subsidiaries : |
· DSP BlackRock Investment Managers (Mauritius) Limited · DSP BlackRock Pension Fund Managers Private Limited |
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Associated Enterprise : |
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CAPITAL STRUCTURE
As on: 30.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000
Millions |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
200.000 |
200.000 |
200.000 |
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(b) Reserves & Surplus |
3037.957 |
2464.161 |
1959.419 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
3237.957 |
2664.161 |
2159.419 |
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(3) Non-Current
Liabilities |
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(a) long-term
borrowings |
12.915 |
5.999 |
6.315 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
58.584 |
38.772 |
49.532 |
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Total Non-current
Liabilities (3) |
71.499 |
44.771 |
55.847 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b)
Trade payables |
212.450 |
353.830 |
583.535 |
|
(c)
Other current liabilities |
22.606 |
51.878 |
64.610 |
|
(d) Short-term
provisions |
24.679 |
19.392 |
2.196 |
|
Total Current
Liabilities (4) |
259.735 |
425.100 |
650.341 |
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TOTAL |
3569.191 |
3134.032 |
2865.607 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
|
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|
(i)
Tangible assets |
112.357 |
141.211 |
116.646 |
|
(ii)
Intangible Assets |
21.783 |
18.358 |
17.339 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
551.364 |
367.304 |
35.059 |
|
(c) Deferred tax assets
(net) |
88.106 |
60.150 |
56.573 |
|
(d) Long-term Loan and Advances |
241.547 |
252.836 |
203.610 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1015.157 |
839.859 |
429.227 |
|
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(2) Current assets |
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(a)
Current investments |
2185.975 |
1795.246 |
1852.674 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
286.154 |
239.154 |
265.700 |
|
(d) Cash
and cash equivalents |
10.272 |
35.322 |
17.628 |
|
(e)
Short-term loans and advances |
35.048 |
85.875 |
66.560 |
|
(f)
Other current assets |
36.585 |
138.576 |
233.818 |
|
Total
Current Assets |
2554.034 |
2294.173 |
2436.380 |
|
|
|
|
|
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TOTAL |
3569.191 |
3134.032 |
2865.607 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
2432.240 |
2201.300 |
2218.476 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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|
Less |
|
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Office Expenses |
|
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Administrative Expenses |
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|
NA |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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PROFIT BEFORE
TAX |
761.000 |
686.060 |
660.665 |
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Less |
TAX |
187.20 |
181.320 |
191.617 |
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PROFIT AFTER TAX |
573.800 |
504.740 |
469.048 |
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PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2461.760 |
1957.020 |
1487.971 |
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|
|
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|
BALANCE CARRIED
TO THE B/S |
3035.560 |
2461.760 |
1957.019 |
|
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|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Non binding offshore advisory fees |
2468.330 |
292.290 |
394.474 |
|
|
TOTAL EARNINGS |
2468.330 |
292.290 |
394.474 |
|
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|
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|
|
|
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|
VALUE OF IMPORTS |
49.310 |
84.200 |
4.144 |
|
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|
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|
|
|
|
Earnings Per
Share (Rs.) |
28.69 |
25.24 |
23.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
31.29 |
31.17 |
29.79 |
|
|
|
|
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
25.98 |
25.35 |
23.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.26 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.83 |
5.40 |
3.75 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
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 |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from
11th Floor West Wingtulsiani Chambers, Narimani Point, Mumbai –
400021, Maharashtra, India to present address w.e.f.17.01.2011
REVIEW OF OPERATIONS:
A. SCHEMES/GROWTH IN
ASSETS UNDER MANAGEMENT (AUM)
The Company is required to manage the Schemes of the Fund in accordance with the provisions of the Investment Management Agreement, the Trust Deed, the SEBI (Mutual Funds) Regulations, 1996 and the investment objectives of each Scheme as laid down by the relevant Offer Document.
During the year under reference, the Company acted as the Investment Manager to twenty five open ended schemes (available for ongoing purchases) namely DSP BlackRock Bond Fund, DSP BlackRock Equity Fund, DSP BlackRock Liquidity Fund, DSP BlackRock Balanced Fund, DSP BlackRock Government Securities Fund, DSP BlackRock Treasury Bill Fund, DSP BlackRock Technology.com Fund, DSP BlackRock Opportunities Fund, DSP BlackRock Short Term Fund, DSP BlackRock Top 100 Equity Fund, DSP BlackRock MIP Fund, DSP BlackRock Income Opportunities Fund (erstwhile known as DSP BlackRock Floating Rate Fund), DSP BlackRock India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund), DSP BlackRock Money Manager Fund, DSP BlackRock Small and Mid Cap Fund, DSP BlackRock Strategic Bond Fund, DSP BlackRock Tax Saver Fund, DSP BlackRock World Gold Fund, DSP BlackRock Natural Resources and New Energy Fund, DSP BlackRock Micro Cap Fund, DSP BlackRock World Mining Fund, DSP BlackRock World Energy Fund, DSP BlackRock World Agriculture Fund, DSP BlackRock Focus 25 Fund and DSP BlackRock US Flexible Equity Fund.
The Company also managed close ended schemes, viz. several Fixed Maturity Plans (30 schemes), Fixed Term Plans (11 schemes), Dual Advantage Fund (7 schemes) and one RGESS Fund, as of March 31, 2013 while 39 closed ended income schemes matured during the financial year 2012-2013.
As on March 31, 2013, the Assets Under Management (AUM) of the Mutual Fund were Rs. 3166.313 million as against Rs. 2830.827 million as of March 31, 2012.
B. SERVICE STANDARDS
The Fund services a client base of more than 2.8 million accounts through almost 200 Investor Service Centres (ISCs) across India, through AMC Offices as well as offices of its Registrar and Transfer Agent, Computer Age Management Services Pvt. Ltd (CAMS). Additionally three dedicated Call Centres at Mumbai, New Delhi and Ahmedabad have been established to service investors and distributors.
The Fund continues to provide value added services to investors and distributors with a view to provide easier and better means of transacting, obtaining information regarding Schemes, services, etc. Some of the facilities initiated during the year are mentioned below:
Facility to buy and sell through SMS was initiated through the introduction of m-Invest facility. In addition to redemptions and switches, purchase through Call Centre was allowed as part of the m-Invest facility.
Reminders to investors and distributors on FMP / FTP maturity to help them plan their investments upon maturity.
Intimation of PIN for transacting online or through Call Centre, by email rather than physical dispatch, to help investors get the PIN earlier.
Facility to request for account statements through website at www.dspblackrock.com.
The limit of Rs 10 million on purchases through the Stock Exchange Platform has been done away with. The investor can now invest for any amount in the available schemes offered.
South Indian Bank was added to the list of Direct Debit Banks for SIPs. Direct debit facility is now available across 15 banks.
Introduction of Direct Plans in all the schemes of DSP BlackRock Mutual Fund.
Daily reports to distributors on rejections, reversals of normal transactions, systematic registrations, SIP ceasures, etc to keep them updated on the status of their investor?s transactions and service them better.
Email and SMS alerts for most of the non-financial transactions carried out by the investors.
C. AWARDS AND
RECOGNITIONS
The Fund received the? Debt Asset Management Company of the Year? at the Money Today FPCIL Awards 2012 held on January 16, 2013 (for period of FY2011-12, among 6 eligible fund houses).
D. SUBSIDIARY
UPDATES:
MAURITIUS IMC
The Company has a wholly owned subsidiary in Mauritius viz., DSP BlackRock Investment Managers (Mauritius) Limited (? Mauritius IMC?), which acts as the Investment Manager to an offshore fund viz DSP BlackRock India Investment Fund (? Mauritius Fund?). The key objective of the Mauritius fund is to invest in Indian securities, including mutual funds. The Mauritius Fund is registered with SEBI as a sub-account under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 2008. During the year under reference, the fund has witnessed net redemptions of about USD 0.09 million, across various Share Classes. As on March 31, 2013 the AUM stood at USD 144.51 million.
DSPBRPFM
DSPBRPFM is a private limited company incorporated on 26 th November 2012. DSPBRPFM will focus on pension fund management under the supervision of PFRDA and National Pension System Trust (NPST). DSPBRPFM received the certificate of registration from PFRDA on April 17, 2013 and post that executed the Investment Management Agreement (IMA) and Non-Disclosure Agreement (NDA) with NPST. DSPBRPFM was granted the Certificate of Commencement of Business by PFRDA on June 25, 2013. On receipt of this certificate, DSPBRPFM needs to complete certain operational formalities with the Trustee Bank, Custodian and Central Record Keeping Agency before it starts its operations. DSPBRPFM has initiated necessary processes and will start its business in the near future.
E. GOING FORWARD:
In 2013-14, the focus will be to increase the base of retail investors through existing schemes, new schemes (including fund of funds investing into a range of BlackRock international funds) and introducing innovative product features.
DSPBRPFM, the subsidiary of the Company is completing certain operational formalities before it starts its operations. DSPBRPFM will start its business in the near future.
The Company shall also, in accordance with SEBI approval, acts as Investment Managers to DSPBRAIF? C? III and will also focus on necessary processes and actions to start the business of DSPBRAIF? C? III in near future.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10451244 |
18/09/2013 |
1,620,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B85798494 |
|
2 |
10448447 |
29/08/2013 |
934,389.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B84740810 |
|
3 |
10446230 |
20/08/2013 |
1,650,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B83645192 |
|
4 |
10443197 |
01/08/2013 |
512,903.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B82168394 |
|
5 |
10437136 |
06/07/2013 |
867,784.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B79736682 |
|
6 |
10436206 |
28/06/2013 |
1,023,100.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B79347472 |
|
7 |
10434580 |
11/06/2013 |
796,083.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B78609278 |
|
8 |
10431764 |
03/06/2013 |
1,140,910.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B77384725 |
|
9 |
10421378 |
05/04/2013 |
685,936.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B73653537 |
|
10 |
10418650 |
05/04/2013 |
839,832.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B72869373 |
|
11 |
10409690 |
01/03/2013 |
724,347.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B69898781 |
|
12 |
10402126 |
28/01/2013 |
1,158,394.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B67758557 |
|
13 |
10401959 |
23/01/2013 |
786,376.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B67686592 |
|
14 |
10386246 |
02/11/2012 |
714,508.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B62012356 |
|
15 |
10384913 |
19/10/2012 |
1,331,990.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B61536363 |
|
16 |
10384227 |
16/10/2012 |
1,034,883.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B61231916 |
|
17 |
10379520 |
21/09/2012 |
1,263,814.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B59302455 |
|
18 |
10371667 |
04/08/2012 |
1,644,946.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B56086325 |
|
19 |
10367757 |
24/07/2012 |
712,027.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B44602498 |
|
20 |
10367837 |
24/07/2012 |
1,072,280.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B44620086 |
FIXED ASSETS
· Furniture fixtures
· Other Equipments
· Vehicles
· Leasehold properties
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. 62.34 |
|
|
1 |
Rs. 102.06 |
|
Euro |
1 |
Rs. 84.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
58 |
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.