1. Summary Information
|
|
|
Country |
India |
|
Company Name |
TIMES VPL
LIMITED |
Principal Name 1 |
Mr. Ravindra Dhariwal |
|
Status |
Good |
Principal Name 2 |
Mr. Madhavadas Chinnendas |
|
|
|
Registration # |
08-32182 |
|
Street Address |
Du Parc Trinity, 9th Floor, No.17, M. G. Road,
Bangalore-560001, Karnataka |
||
|
Established Date |
01.07.2003 |
SIC Code |
-- |
|
Telephone# |
91-80-40695014 |
Business Style 1 |
Publisher |
|
Fax # |
91-80-40695011 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
News Paper |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.200, 000,
000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies
corporate 100.00% |
Banking |
The Saraswat
Co-operative Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
10 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate
Holding Company |
-- |
Bennett Coleman and Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
719,506,000 |
Current Liabilities |
228,103,000 |
|
Inventories |
214,507,000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
248,917,000 |
Other Liabilities |
37,151,000 |
|
Deferred Assets |
000 |
Total Liabilities |
265,254,000 |
|
Invest& other Assets |
620,068,000 |
Retained Earnings |
1,337,744,000 |
|
|
|
Net Worth |
1,537,744,000 |
|
Total Assets |
1,802,998,000 |
Total Liab. & Equity |
1,802,998,000 |
|
Total Assets (Previous Year) |
1,564,932,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,114,962,000 |
Net Profit |
405,227,000 |
|
Sales(Previous yr) |
2,054,612,000 |
Net Profit(Prev.yr) |
446,957,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TIMES VPL LIMITED [w.e.f. 09.07.2010] |
|
|
|
|
Formerly Known
As : |
VIJAYANAND PRINTERS LIMITED |
|
|
|
|
Registered
Office : |
Du Parc Trinity, 9th Floor, No.17, M. G. Road,
Bangalore-560001, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.07.2003 |
|
|
|
|
Com. Reg. No.: |
08-32182 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.200.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02212KA2003PLC032182 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Publisher of News Paper. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6150000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. There appears
some dip in the profitability of the company during current year. However,
general financials position of the company is good. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered can be considered normal for business
dealings at usual traded terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Du Parc Trinity, 9th Floor, No.17, M.G. Road,
Bangalore-560001, Karnataka, India |
|
Tel. No.: |
91-80-40695014 |
|
Fax No.: |
91-80-40695011 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Times House, 7, Bahadur Shah Zafar Marg, New Delhi-110103, India |
|
Tel No.: |
91-11-23302000 |
|
|
|
|
Branch Office : |
Located At: ·
Ahmedabad ·
Bangalore ·
Bhopal ·
Bhubaneswar ·
Chandigarh ·
Chennai |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Ravindra Dhariwal |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
11.09.1952 |
|
Date of Appointment : |
18.08.2006 |
|
Din No.: |
00003922 |
|
|
|
|
Name : |
Mr. Madhavadas Chinnendas |
|
Designation : |
Director |
|
Address : |
Vishwas House, 50 Lavelle Road, Bangalore-560 001, |
|
Date of Birth/Age : |
08.01.1953 |
|
Date of Appointment : |
18.08.2006 |
|
Din No.: |
00928194 |
|
|
|
|
Name : |
Mr. Bhaskar Das |
|
Designation : |
Director |
|
Address : |
C-1, Queens View, |
|
Date of Birth/Age : |
08.05.1953 |
|
Date of Appointment : |
18.08.2006 |
|
Din No.: |
00055594 |
|
|
|
|
Name : |
Mr. Mohith Jain |
|
Designation : |
Director |
|
Address : |
11-C/87, Nehru Nagar, Ghaziabad-201 001, |
|
Date of Birth/Age : |
22.09.1966 |
|
Date of Appointment : |
10.09.2007 |
|
Din No.: |
01315482 |
|
|
|
|
Name : |
Mr. Sanjay Singh |
|
Designation : |
Director |
|
Address : |
C-142, 1st Floor, Manu Apartments, Mayur Vihar, Phase- I,
Delhi-110 091, |
|
Date of Birth/Age : |
05.10.1964 |
|
Date of Appointment : |
08.10.2008 |
|
Din No.: |
02349382 |
|
|
|
|
Name : |
Mr. Shankar Narayan Ranganathan |
|
Designation : |
Director |
|
Address : |
103, Solitaire, |
|
Date of Birth/Age : |
19.07.1959 |
|
Date of Appointment : |
15.09.2009 |
|
Din No.: |
02804788 |
|
|
|
|
Name : |
Mr. Sunil Rajeshekhar |
|
Designation : |
Whole time Director |
|
Address : |
C-16, 3rd Floor, Paschimi Marg, Vasant Vihar, New Delhi-110
057, |
|
Date of Birth/Age : |
17.07.1955 |
|
Date of Appointment : |
21.09.2009 |
|
Din No.: |
01720175 |
|
|
|
|
Name : |
Mr. Arunabh Das Sharma |
|
Designation : |
Director |
|
Address : |
W-129, Greater Kailash, New Delhi-110048, India |
|
Date of Birth/Age : |
17.03.1968 |
|
Date of Appointment : |
28.05.2012 |
|
Din No.: |
03464498 |
|
|
|
|
Name : |
Mr. Shrijeet Ramakanta Mishra |
|
Designation : |
Director |
|
Address : |
Flat No. 7A, Manek L.D. Ruparel Marg, Mumbai-400006, Maharashtra,
India |
|
Date of Birth/Age : |
22.04.1965 |
|
Date of Appointment : |
28.05.2012 |
|
Din No.: |
01894081 |
KEY EXECUTIVES
|
Name : |
Mr. K N Srivathsan |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.201, Silver Sands CHS, Plot No.15, Sector-40, Nerul (West),
Navi Mumbai-400 706, Maharashtra, |
|
Date of Birth/Age : |
02.07.1965 |
|
Date of Appointment : |
12.08.2008 |
|
Pan No.: |
AAVPS8335B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Banhem Estates and IT Parks Limited, India |
|
9797500 |
|
Vardhaman Publishers Limited, India |
|
10200000 |
|
Chinnen Das Jointly Held With Banhem |
|
500 |
|
K. R Ramesh Jointly held with Benhem |
|
500 |
|
Franklyn James Jointly held with Banhem |
|
500 |
|
N Lakshminarayanan Jointly held with Banhem |
|
500 |
|
D V Dwarkanath Jointly held with Banhem |
|
500 |
|
|
|
|
|
TOTAL
|
|
20000000 |
AS ON 26.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publisher of News Paper. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
The Saraswat Co-operative Bank Limited, Divate Complex, Club Road,
Hubli-580029, Karnataka, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
New No.28, Old No.72, O Chesney Town House, Ethiraj Salai, Chennai-600
008, |
|
Tel. No.: |
91-44-28251155 |
|
Fax No.: |
91-44-28251157 |
|
E-Mail : |
|
|
PAN No: |
AABLF1894Q |
|
|
|
|
Ultimate Holding Company : |
Bennett Coleman
and Company Limited [U22120MH1913PLC000391] |
|
|
|
|
Fellow Subsidiary : |
·
Bennett Property Holdings Company Limited
[U70102MH2010PLC211087] ·
Banhem Estates and IT Parks Limited [U65990MH1983PLC029209] ·
Brand Equity Treaties Limited
[U74300MH2008PLC184669] ·
Times Business Solutions Limited
[U92100DL2005PLC173555] ·
a2zShopping Limited ·
Alternate Brand Solutions (India) Limited ·
Artha Broking Services Limited ·
Artha Commodities Limited ·
Artha Credit Private Limited ·
Artha Distribution Services Limited ·
Artha Financial Services Limited ·
Artha Forex Services Limited ·
Artha Insurance Broking Services Limited ·
Artha Network Services Limited ·
Artha Reality Private Limited ·
Bennett Broadcasting and Distribution Services
Limited ·
Centre for Excellence in Management Training and
Development ·
Dharmayug Investments Limited ·
Entertainment Network (India) Limited ·
Media Network and Distribution Services Limited ·
Metropolitan Media Company Limited ·
Mind Games Shows Private Limited ·
Mirchi Movies (India) Limited ·
One Golden Square Creative Limited ·
Satyam Properties and Finance Limited ·
Speaking Tree Properties Limited ·
Times Digital Limited ·
Times Global Broadcasting Company Limited ·
Times Guaranty Limited ·
Times Infotainment Media Limited ·
Times Innovative Media Limited ·
Times Internet (UK) Limited, UK ·
Times Internet Inc., USA ·
Times Internet Limited ·
Times Journal India Private Limited ·
TimesofMoney Financial Services Limited ·
TimesofMoney Inc. (USA) ·
TimesofMoney Limited ·
TimesofMoney UK – PLC (UK) ·
Times Websol Limited ·
Times Yoga Limited ·
Times Mobile Limited ·
TIM Delhi Airport Advertising Private Limited ·
TIML Global Limited ·
TIML Golden Square Limited ·
TIML Radio Holdings Limited ·
TIML Digital Radio Limited ·
TIML Radio Limited ·
TOM Payment Solutions Limited ·
Vardhaman Publishers Limited ·
Worldwide Media Private Limited ·
Zoom Entertainment Network Limited |
|
|
|
|
Associate : |
·
21st Century Constructions Limited ·
Aadidev Properties Limited ·
Anagha Estates Limited ·
Aryabhata Properties Limited ·
Ativeer Properties Limited ·
Banhem Estates and IT Parks Limited ·
Bennett Property Holdings Company Limited ·
Nandeeshwar Properties Limited ·
Rajdhani Printers Limited ·
Shubhan Properties Limited ·
Suryashankar Properties Limited ·
Sushena Properties Limited ·
Surge Enterprises Limited ·
Vaidehi Estates Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
3000000 |
Preferences Shares |
Rs.100/- each |
Rs.300.000 Millions |
|
|
Total
|
|
Rs.500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each
|
Rs.200.000 Millions
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 (8 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
200.000 |
200.000 |
200.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1337.744 |
932.516 |
485.560 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1537.744 |
1132.516 |
685.560 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
23.182 |
21.381 |
27.254 |
|
|
|
|
|
|
|
|
TOTAL |
1560.926 |
1153.897 |
712.814 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
248.917 |
241.524 |
256.691 |
|
|
Capital work-in-progress |
1.394 |
5.100 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
618.674 |
399.480 |
301.246 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
214.507
|
298.006 |
75.845
|
|
|
Sundry Debtors |
598.391
|
489.668 |
353.806
|
|
|
Cash & Bank Balances |
47.655
|
75.092 |
61.704
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
73.460
|
56.062 |
26.277
|
|
Total
Current Assets |
934.013
|
918.828 |
517.632 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
118.953
|
286.847 |
239.030
|
|
|
Other Current Liabilities |
109.150
|
110.398 |
100.169
|
|
|
Provisions |
13.969
|
13.790 |
23.556
|
|
Total
Current Liabilities |
242.072
|
411.035 |
362.755
|
|
|
Net Current Assets |
691.941
|
507.793 |
154.877
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000
|
|
|
|
|
|
|
|
|
TOTAL |
1560.926 |
1153.897 |
712.814 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 (8 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2114.962 |
2054.612 |
1196.324 |
|
|
|
Other Income |
36.032 |
19.959 |
51.358 |
|
|
|
TOTAL
(A) |
2150.994 |
2074.571 |
1247.682 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
837.367 |
665.552 |
|
|
|
|
Employee benefit expenses |
285.940 |
276.130 |
779.530 |
|
|
|
Other expenses |
395.209 |
414.972 |
|
|
|
|
TOTAL (B) |
1518.516 |
1356.654 |
779.530 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
632.478 |
717.917 |
468.152 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.728 |
6.535 |
3.097 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
626.750 |
711.382 |
465.055 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
37.221 |
35.293 |
25.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
589.529 |
676.089 |
439.972 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
184.302 |
229.132 |
209.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
405.227 |
446.957 |
230.674 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
932.516 |
485.560 |
254.886 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1337.743 |
932.517 |
485.560 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
20.26 |
22.35 |
11.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 (8 Months) |
|
PAT / Total Income |
(%) |
18.84
|
21.54 |
18.49
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
27.87
|
32.90 |
36.78
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
49.84
|
58.27 |
56.82
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.60 |
0.64
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.85
|
2.23 |
1.43
|
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] |
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 |
FIXED ASSETS:
·
Land and Building
·
Free
·
Plant and Machinery
·
Office Equipment
·
Computer
·
Vehicle
·
Furniture and Fixture
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.54.29 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
54 |
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.