|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
EASY BILL LIMITED |
|
|
|
|
Registered
Office : |
51 Third Floor Okhla Industrial Estate, Phase – III, |
|
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
19.08.2002 |
|
|
|
|
Com. Reg. No.: |
55-133214 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 225.926 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93090DL2002PLC133214 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE02538E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE0570H |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Providing Bill Payments Solutions |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. There appears
huge accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported unknown. The company can be considered for business dealings on a secured trade
terms and conditionds. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
51 Third Floor Okhla Industrial Estate, Phase – III, |
|
Tel. No.: |
91- 11-30818888 |
|
Fax No.: |
91- 11-30818811 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.09.2011
|
Name : |
Mr. Brijmohan Lall Munjal |
|
Designation : |
Chairman |
|
Address : |
B-109, Greater Kailash – I, |
|
Date of Birth/Age : |
01.09.1923 |
|
Date of Appointment : |
19.08.2002 |
|
DIN No.: |
00004134 |
|
|
|
|
Name : |
Mr. Rahul Munjal |
|
Designation : |
Managing director |
|
Address : |
B-109, Greater Kailash – I, |
|
Date of Birth/Age : |
14.01.1976 |
|
Qualification : |
Economics Graduate from |
|
Date of Appointment : |
07.09.2002 |
|
DIN No.: |
00118339 |
|
|
|
|
Name : |
Mr. Sunil Kant Munjal |
|
Designation : |
Director |
|
Address : |
1 – A, Friends Colony (West), |
|
Date of Birth/Age : |
14.12.1957 |
|
Date of Appointment : |
07.09.2002 |
|
DIN No.: |
00003902 |
|
|
|
|
Name : |
Ms. Renu Munjal |
|
Designation : |
Director |
|
Address : |
B-109, Greater Kailash – I, |
|
Date of Birth/Age : |
06.03.1955 |
|
Date of Appointment : |
19.08.2002 |
|
DIN No.: |
00012870 |
|
|
|
|
Name : |
Mr. Akarin Gaw |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
25.05.1974 |
|
Date of Appointment : |
23.01.2008 |
|
DIN No.: |
02171141 |
|
|
|
|
Name : |
Mr. Edward Rainey Renwick |
|
Designation : |
Director |
|
Address : |
234, |
|
Date of Birth/Age : |
21.04.1966 |
|
Date of Appointment : |
18.12.2006 |
|
DIN No.: |
01548113 |
|
|
|
|
Name : |
Mr. Rohit Chanana |
|
Designation : |
Director |
|
Address : |
M-13/ 9, |
|
Date of Birth/Age : |
16.04.1958 |
|
Date of Appointment : |
30.01.2009 |
|
DIN No.: |
01533811 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Gambhir |
|
Designation : |
Secretary |
|
Address : |
G-2/38, First Floor, Sector – 16, Rohini, |
|
Date of Birth/Age : |
01.08.1974 |
|
Date of Appointment : |
08.11.2005 |
|
PAN No.: |
AGSPG7890C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Brijmohan lall munjal |
|
5000 |
|
Ms. Renu munjal |
|
5000 |
|
Bahadur Chand Investments Private Limited, |
|
10499990 |
|
Hero Cycles Limited, |
|
5 |
|
Bennet coleman and Company Limited, |
|
1129632 |
|
Puja Investments Private Limited, |
|
7151576 |
|
Dayanand Munjal Investments Private Limited, |
|
5 |
|
YGPF |
|
4953000 |
|
Puja Investments Private Limited, |
|
37250000 |
|
Total |
|
60994208 |
AS ON 26.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.95 |
|
Directors
or relatives of directors |
|
0.05 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Bill Payments Solutions |
|
|
|
|
Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
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Bankers : |
The Hongkong and Shanghai Banking Corporation Limited, Birla House, |
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Facilities : |
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||||||||||||||||||||||||
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Dinodia and Company Chartered accountants |
|
Address : |
K-39, |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFS2559N |
CAPITAL STRUCTURE
AS ON 26.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29400000 |
Equity shares |
Rs. 10/- each |
Rs. 294.000 Millions |
|
50600000 |
Preference Shares |
Rs. 10/- each |
Rs. 506.000 Millions |
|
|
Total |
|
Rs. 800.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18791208 |
Equity shares |
Rs. 10/- each |
Rs. 187.912
Millions |
|
42203000 |
Preference Shares |
Rs. 10/- each |
Rs. 422.030
Millions |
|
|
Total |
|
Rs. 609.942 Millions |
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity shares |
Rs. 10/- each |
Rs. 250.000 Millions |
|
5000000 |
Preference Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
Total |
|
Rs. 300.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17639632 |
Equity shares |
Rs. 10/- each |
Rs. 176.396
Millions |
|
4953000 |
Preference Shares |
Rs. 10/- each |
Rs. 49.530
Millions |
|
|
Total |
|
Rs. 225.926 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
225.926 |
225.926 |
225.926 |
|
|
2] Share Application Money |
6.000 |
86.000 |
6.000 |
|
|
3] Reserves & Surplus |
354.249 |
354.249 |
354.249 |
|
|
4] (Accumulated Losses) |
(953.102) |
(819.703) |
(610.196) |
|
|
NETWORTH |
(366.927) |
(153.528) |
(24.021) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
119.904 |
146.311 |
47.051 |
|
|
2] Unsecured Loans |
180.000 |
30.000 |
20.000 |
|
|
TOTAL BORROWING |
299.904 |
176.311 |
67.051 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(67.023) |
22.783 |
43.030 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.273 |
29.419 |
48.055 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.479
|
2.516 |
2.692 |
|
|
Sundry Debtors |
15.525
|
15.754 |
13.743 |
|
|
Cash & Bank Balances |
12.564
|
34.465 |
29.504 |
|
|
Other Current Assets |
3.602
|
6.350 |
6.436 |
|
|
Loans & Advances |
215.377
|
194.416 |
160.635 |
|
Total
Current Assets |
249.547
|
253.501 |
213.010 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
118.653
|
50.797 |
32.734 |
|
|
Other Current Liabilities |
214.963
|
207.776 |
183.746 |
|
|
Provisions |
1.227
|
1.564 |
1.555 |
|
Total
Current Liabilities |
334.843
|
260.137 |
218.035 |
|
|
Net Current Assets |
(85.296)
|
(6.636) |
(5.025) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(67.023) |
22.783 |
43.030 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
62.999 |
75.375 |
90.730 |
|
|
|
Other Income |
4.663 |
3.079 |
7.759 |
|
|
|
TOTAL (A) |
67.662 |
78.454 |
98.489 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
0.037 |
0.851 |
6.701 |
|
|
|
Operative Expenses |
62.553 |
71.460 |
62.202 |
|
|
|
Personnel Costs |
66.467 |
88.759 |
95.436 |
|
|
|
Administrative and Other Expenses |
30.041 |
77.310 |
82.375 |
|
|
|
TOTAL (B) |
159.098 |
238.380 |
246.714 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(91.436) |
(159.926) |
(148.225) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
30.119 |
22.805 |
10.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(121.555) |
(182.731) |
(159.003) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.277 |
24.026 |
29.546 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX (E-F) (G) |
(133.832) |
(206.757) |
(188.549) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.433) |
2.750 |
2.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX (G-H) (I) |
(133.399) |
(209.507) |
(191.038) |
|
|
|
|
|
|
|
|
|
Add |
TRANSITIONAL
ADJUSTMENT |
0.000 |
0.000 |
0.426 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(819.703) |
(610.196) |
(419.584) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(953.102) |
(819.703) |
(610.196) |
|
|
|
|
|
|
|
|
|
|
Loss Per Share
(Rs.) |
(7.56) |
(11.88) |
(10.83) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(197.15) |
(267.04) |
(193.97) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(212.44)
|
(274.30) |
(207.81) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(49.97)
|
(73.08) |
(207.81) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.36)
|
(1.35) |
(7.85) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(1.73)
|
(2.84) |
(11.87) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
0.97 |
0.98 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constitution 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 |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U93090DL2002PLC133214 |
|
Name of the
company |
EASY BILL LIMITED |
|
Address of the
registered office or of the principal place of business in |
51 Third Floor
Okhla Industrial Estate, Phase – III, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Others
(Stock-in-Trade) |
|
Particular of
charge holder |
The Hongkong and
Shanghai Banking Corporation Limited, Birla House, Email ID: jaganath@cpspl.net
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement for Stocks and Book Debts, both present and future |
|
Date of instrument
Creating the charge |
16.06.2008 |
|
Amount secured by
the charge |
Rs. 120.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest shall be
payable by the company on the banking facilities as per banks tariff, subject
however that the bank shall have the right to change the rate of interest
after giving notice to the company Terms of Repayment In consideration
of banking facilities sanctioned/to be sanctioned by the Bank to the Company,
the Company has hypothecated and charged to the bank by way of First Pari
Passu Charge as a continuing security, the assets mentioned in the Agreement
to secure the repayments of the advances together with interest cost and all
other charges Margin The Company shall
maintain such margin as may be specified by the bank from time to time Extent and Operation of the charge In case the
company fails to fulfill its obligation under the agreement, the bank shall be
entitled to take possession of the hypothecated properties and sell them by
public auction or private contract and utilize the proceeds in full or part
settlement of its claims |
|
Short particulars
of the property charged |
First Pari Passu
Charge on all the Company’s stock-in-trade both present and future including
stocks of raw materials, work-in-progress, spares and stores and finished
goods All the company’s
present and future book debts, outstanding monies, receivables, claims due
and owing |
OPERATIONS AND FUTURE OUTLOOK
During the period,
the Company has fully launched the PC Model, wherein a retailer of the Company
can do an online transaction through the Company’s website. The Company has
also started e-booking of Air, Bus, Railway and movie tickets, which will help
in growth of their business and revenue.
CONTINGENT LIABILITIES:
Bank Guarantee – Rs. 28.772
Millions (P. Y. Rs. 41.522 Millions)
FIXED ASSETS
Tangible assets
INTANGIBLE
AS PER WEBSITE DETAILS
COMPANY PROFILE:
Easy bill specializes in making Bill payments and
ticketing extremely Easy for its consumer. Multiple Bills such as Electricity,
Telephone, Gas, LIC etc. can all be paid under one roof at your friendly
neighbourhood outlet.
All tickets such as Air, Rail, Bus, Sports etc. can also be booked at
the same outlet.
Easy Bill was started in 2003 and initially
collected payments through its network of retail agents. Since then, Easy Bill
has successfully added to its client base, grown its retail network, developed
new services and now has a huge bouquet of services.
Easy Bill is currently operational in more than 100 cities all across
RETAIL NETWORK
Easy Bill branded retail network has over 10,000 retail outlets spread all
across
These outlets are conveniently located in residential colonies, business
centres, prime and local markets.
DIVERSE CLIENT PORTFOLIO
|
Bill payments |
Easy Bill clients include all major electricity, mobile, fixed line
telephony, gas, LIC, Credit card and general insurance companies through out |
|
Ticketing |
Easy Bill has partnered with Indian Railways, all major Airlines,
several bus operators and all major sporting events. |
|
Recharge |
Easy Bill’s Prepaid clients include all mobile & direct to home
operators. |
|
Entertainment |
Easy Bill has a tie up with major sports & entertainment ticketing
channels. |
NATIONAL COVERAGE
Easy Bill is present in over 100 cities and plans to have a footprint of over
250 cities and towns all across
VISION
To make common man's life EASY by redefining the way they do financial
transactions.
To offer consumer, convenience in Bill payments and Ticketing through a trusted
and friendly retail network using cutting edge technology.
EASY BILL VALUES
BOARD OF DIRECTORS
Mr. Brij Mohan Lall Munjal
The venerated patriarch and visionary of the Hero Group, Mr. Brijmohan Lall
Munjal, is a first generation entrepreneur who started very small and through
sheer hard work and perseverance has today made his two wheeler venture the
World's No.1 Two Wheeler Company.
The Story of the Indomitable Entrepreneur
Brijmohan Lall's inspiration to enter the two-wheeler world came from a desire
to provide the cheapest form of transport for the poorest of the poor.
Brijmohan Lall Munjal and his brothers set up as manufacturers of bicycle
components. From then on there was no looking back. In typically modest manner,
B.M. Munjal accords a great deal of the credit for his success to his family
and his team.
He traversed the road to success following these principles:
Above all, his leadership and sagacity has earned him great respect and he has
personally been responsible for kindling the spirit of entrepreneurship amongst
his employees who today constitute a family of about forty successful
entrepreneurs.
Mr. Sunil Kant Munjal
Mr. Sunil Kant Munjal, the second generation entrepreneur of the Munjal family
is the Managing Director and CEO of Hero Cycles Limited CR Division, Managing
Director of Hero Corporate Service Limited and a Director on the boards of Hero
Briggs & Stratton, Sunbeam Castings, Hero Honda Motors Limited and Bank of
India, Steel Strips Wheels Limited, amongst others. He is also the chairman for
the Study Group of Skill Development, Training & Workers Education
constituted by the National Commission on Labour. He has also been involved in
several industry forums, including the Confederation of Indian Industries (CII)
Economic Affairs Committee, the Narasimham Committee on banking and financial
sector reforms. He has been the Vice President, of CII. Mr Munjal is a
Governing Body member of All India Management Association (AIMA) and visiting faculty
for lectures on Business Studies and Holistic Management Practices at a number
of companies and B schools.
Mrs. Renu Munjal
Mrs. Renu Munjal is the Director of Hero Honda Finlease Limited- a Company
promoted by Hero Honda Motors Limited. She was the Executive Director of Hero
Honda Motors Limited for about 3 years before taking over Hero Honda Finlease
Limited as a whole time Director. In addition to managing the affairs of the
company that she heads, she is actively involved in the management of a school,
and a vocational training center that Hero Honda Motors Limited is managing.
She is, also, involved in the development of a major multi-activity centre in
Dharuhera.
Mr. Rahul Munjal
Mr. Rahul Munjal is the Managing Director of Easy Bill Limited
With a degree in Economics, from the University of Rochester, USA, Rahul has
experience in various aspects of business. He has done his stints in
Manufacturing and Sales Marketing at the Honda Motorcycles,
Mr. Akarin Gaw
Mr. Akarin Gaw is a nominee director of YGPF Mauritius Investments, a Yucaipa
Group company, established in the
Mr. ED Renwick
Mr. ED Renwick is a nominee director of YGPF Mauritius Investments, a Yucaipa
Group company, established in the
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. 53.96 |
|
|
1 |
Rs. 84.49 |
|
Euro |
1 |
Rs. 72.23 |
INFORMATION DETAILS
|
Report Prepared by
: |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
14 |
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.