MIRA INFORM REPORT
|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL STOCK EXCHANGE OF INDIA LIMITED |
|
|
|
|
Registered
Office : |
|
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Country : |
India |
|
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|
Financials (as
on) : |
31.03.2012 (Profit and Loss) |
|
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|
Date of
Incorporation : |
27.11.1992 |
|
|
|
|
Com. Reg. No.: |
11-069769 |
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|
Capital
Investment / Paid-up Capital : |
Rs.450.000 Millions
(As on: 31.03.2011) |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1992PLC069769 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN04090C |
|
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|
|
PAN No.: [Permanent Account No.] |
AAACN1797L |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Facilitating Trading in Securities. |
|
|
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|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (82) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
110000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established and highly reputed stock exchange of
India it is the 11th largest stock exchange in the world by market
capitalization and largest by daily turnover and number of trades. The company is having fine track record. The financial profile of the
company is sound and healthy. It has recorded a healthy growth in its profit.
Trade relations are reported as fair. Business is active. Payments are
reported regular and as per commitment. The company can be considered good for normal business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
PP-MLD ICRA AA+ (Principal Protected Market Linked Debenture) |
|
Rating Explanation |
High degree of safety it carry very low credit risk. |
|
Date |
08 February 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 DECLINED
MANAGEMENT NON CO-OPERATIVE (91-22-26598100)
LOCATIONS
|
Registered / Corporate Office : |
|
|
Tel. No.: |
91-22-26598100/8114/26598203 |
|
Fax No.: |
91-22-26598120 /26598198 |
|
E-Mail : |
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|
Branches : |
Located At:
|
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. |
|
Designation : |
Managing Director |
|
Address : |
602, Neat House, College Galli, Dadar (West), Mumbai-400028, |
|
Date of Birth/Age : |
19.08.1955 |
|
Date of Appointment : |
01.04.2013 |
|
Election Commission Identity Card No.: |
MT/06/032/012641 |
|
Din No.: |
00062596 |
|
|
|
|
Name : |
Ms. Chitra Ramkrishna |
|
Designation : |
Joint Managing Director |
|
Address : |
601, Neat House, College Galli, Dadar (West), Mumbai-400028, |
|
Date of Birth/Age : |
14.04.1963 |
|
Date of Appointment : |
11.03.2003 |
|
Din No.: |
00062654 |
|
|
|
|
Name : |
Ms. Ranjana Kumar |
|
Designation : |
Additional Director |
|
Address : |
Plot No. 81, |
|
Date of Birth/Age : |
10.12.1945 |
|
Date of Appointment : |
25.08.2010 |
|
Din No.: |
02930881 |
|
|
|
|
Name : |
Mr. Suryakant Balakrishna Mainak |
|
Designation : |
Director |
|
Address : |
1503 |
|
Date of Birth/Age : |
09.02.1956 |
|
Date of Appointment : |
27.08.2009 |
|
Election Commission Identity Card No.: |
MT/09/043/287263 |
|
Din No.: |
02531129 |
|
|
|
|
Name : |
Mr. Yezdi Hirji Malegam |
|
Designation : |
Nominee Director |
|
Address : |
Goolestan, 37, Cuffe Parade, Colaba, Mumbai-400005, |
|
Date of Birth/Age : |
24.09.1933 |
|
Date of Appointment : |
28.03.2013 |
|
Din No.: |
00092017 |
|
|
|
|
Name : |
Mr. Sunil Behari Mathur |
|
Designation : |
Director |
|
Address : |
A-10/10 Vasant Vihar, Off Poorvi Marg, New Delhi-110057, |
|
Date of Birth/Age : |
11.10.1944 |
|
Date of Appointment : |
28.03.2013 |
|
Din No.: |
00013239 |
|
|
|
|
Name : |
Dr. Srinivasa Ramarao Kumadepalli Murthy |
|
Designation : |
Nominee Director |
|
Address : |
355, 1st E Cross 6th Block, 2nd
Phase, BSK, 3rd Stage, Bangalore-560085, |
|
Date of Birth/Age : |
22.03.1938 |
|
Date of Appointment : |
28.03.2013 |
|
Election Commission Identity Card No.: |
KT/12/089/2091133 |
|
Din No.: |
00167877 |
|
|
|
|
Name : |
Mr. Shyamala Gopinath |
|
Designation : |
Director |
|
Address : |
DG-4, Vasant Vihar 85, Napean Sea Road, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
20.06.1949 |
|
Date of Appointment : |
28.03.2013 |
|
Din No.: |
02362921 |
|
|
|
|
Name : |
Mr. Prakash Parthasarathy |
|
Designation : |
Director |
|
Address : |
#347, 2nd Phase Whitefield Road, Adarsh Palm Meadows,
Ramagondhanhall, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
04.03.1971 |
|
Date of Appointment : |
30.05.2012 |
|
Din No.: |
02011709 |
|
|
|
|
Name : |
Mrs. Pratima Madhukar Umarji |
|
Designation : |
Nominee Director |
|
Address : |
B 702, Patliputra, 4 Bungalows, Next to Kokilaben Hospital, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1944 |
|
Date of Appointment : |
28.03.2013 |
|
Din No.: |
05294496 |
|
|
|
|
Name : |
Mr. Abhay Prabhakar Havaldar |
|
Designation : |
Director |
|
Address : |
19, Mallika, Makarand Sahnivas, Veer Savarkar Marg, Mahim, Mumbai –
400016, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1961 |
|
Date of Appointment : |
13.06.2012 |
|
Din No.: |
00118280 |
|
|
|
|
Name : |
Mr. Sowmyanarayanan Sadagopan |
|
Designation : |
Nominee Director |
|
Address : |
B-106, Purva Heights Apartments Bilekahalli, Bangalore South,
Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
02.04.1951 |
|
Date of Appointment : |
28.03.2013 |
|
Din No.: |
00118285 |
KEY EXECUTIVES
|
Name : |
Mr. Ravichandran Jagannathan |
|
Designation : |
Secretary |
|
Address : |
703, Neat House, |
|
Date of Birth/Age : |
27.03.1961 |
|
Date of Appointment : |
20.09.1994 |
|
PAN No.: |
AAEPR0184L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Public Financial
companies |
29.94 |
|
Nationalised or
other banks |
17.60 |
|
Venture capital |
3.35 |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
34.85 |
|
Bodies corporate |
13.21 |
|
Other top fifty shareholders |
1.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Facilitating Trading in Securities |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khandelwal Jain and Company Chartered Accountant |
|
Address : |
12-B, Baldota Bhavan, 5th Floor, 117, |
|
PAN No.: |
AAAFK0985C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs.450.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
450.000 |
450.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
29234.000 |
23812.600 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
29684.000 |
24262.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
11152.000 |
10435.800 |
|
|
TOTAL BORROWING |
|
11152.000 |
10435.800 |
|
|
DEFERRED TAX LIABILITIES |
|
127.600 |
141.600 |
|
|
|
|
|
|
|
|
TOTAL |
|
40963.600 |
34840.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4310.000 |
4194.700 |
|
|
Capital work-in-progress |
|
270.000 |
589.800 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
5482.400 |
3173.300 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
1506.800 |
1157.500 |
|
|
Cash & Bank Balances |
|
32210.200 |
4498.900 |
|
|
Other Current Assets |
|
2068.700 |
24736.300 |
|
|
Loans & Advances |
|
642.100 |
1334.200 |
|
Total
Current Assets |
|
36427.800 |
31726.900 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
737.100 |
787.500 |
|
|
Other Current Liabilities |
|
3614.000 |
2947.500 |
|
|
Provisions |
|
1175.500 |
1109.700 |
|
Total
Current Liabilities |
|
5526.600 |
4844.700 |
|
|
Net Current Assets |
|
309601.200 |
26882.200 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
40963.600 |
34840.000 |
|
Note: Balance sheet for the year 2012 is not available only profit and loss a/c
is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10800.300 |
10472.000 |
8107.700 |
|
|
|
Other Income |
4538.400 |
3312.700 |
4556.100 |
|
|
|
TOTAL (A) |
15338.700 |
13784.700 |
12663.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
575.700 |
519.300 |
|
|
|
|
Other expenses |
4201.900 |
3751.400 |
|
|
|
|
Prior period items |
4.100 |
7.400 |
|
|
|
|
TOTAL (B) |
4781.700 |
4278.100 |
3779.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10557.000 |
9506.600 |
8884.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
1.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10557.000 |
9506.600 |
8882.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
890.200 |
913.500 |
767.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9666.800 |
8593.100 |
8114.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2617.900 |
2218.000 |
1977.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7048.900 |
6375.100 |
6137.700 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1174.000 |
1052.600 |
626.700 |
|
|
|
|
|
|
|
|
|
|
EXCESS CORPORATE
DIVIDEND TAX FOR LAST YEAR TRANSFERRED BACK |
NA |
149.500 |
91.800 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General reserve |
NA |
5300.000 |
4750.000 |
|
|
|
Investor Compensation Reserve |
NA |
1.400 |
1.100 |
|
|
|
Proposed dividend |
NA |
945.000 |
900.000 |
|
|
|
Corporate dividend tax |
NA |
153.300 |
149.500 |
|
|
|
Staff welfare reserve |
NA |
3.500 |
3.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1174.000 |
1052.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
156.300 |
110.100 |
38.600 |
|
|
TOTAL EARNINGS |
156.300 |
110.100 |
38.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
95.100 |
114.500 |
199.800 |
|
|
TOTAL IMPORTS |
95.100 |
114.500 |
199.800 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
156.64 |
141.67 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
45.96
|
46.25 |
48.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
89.50
|
82.06 |
100.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
23.59 |
25.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.29 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
0.38 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
6.59 |
6.55 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Creditor due small micro enterprises |
|
1.900 |
3.200 |
|
Creditor due others |
|
735.200 |
784.300 |
|
Total |
|
737.100 |
787.500 |
|
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 |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
|
31.03.2011 (Rs.
in Millions) |
|
Other debt unsecured |
|
11152.000 |
|
Total |
|
11152.000 |
STATEMENT OF
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31,
2012
(Rs.
In Millions)
|
Sr. No. |
PARTICULARS |
Quarter
ended |
Nine
months ended |
Year ended |
||||
|
|
|
Dec 31, 2012 |
Sep 30, 2012 |
Dec 31, 2011 |
Dec 31, 2012 |
Dec 31, 2011 |
March 31, 2012 |
|
|
|
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
|
|
1 |
|
Revenue
from operations Income
from operations Other operating revenues Total Income from operations |
1927.600 581.400 2509.000 |
1833.300 614.700 2448.000 |
2031.300 622.900 2654.200 |
5651.500 1819.000 7470.500 |
5924.700 1857.900 7782.600 |
8211.300 2589.000 10800.300 |
|
2 |
(a) (b)
(c) (d) (e) |
Expenditure Employee
benefits expenses Clearing
and Settlement charges Repairs
and Mainitenance - computers, trading and telecommunication
systems Other
expenses Depreciation
and amortisation expenses Total
Expenses |
181.200 180.400 245.600 570.300 186.700 1364.200 |
172.900 177.400 195.200 525.700 181.300 1252.500 |
159.600 287.300 237.400 586.500 222.400 1493.200 |
539.400 532.200 672.400 1569.000 563.600 3876.600 |
510.100 835.300 642.600 1497.700 674.700 4160.400 |
713.500 1157.700 742.400 2170.100 890.200 5673.900 |
|
3 |
|
Profit
from Operations before other income and exceptional items (1-2) |
1144.800 |
1195.500 |
1161.000 |
3593.900 |
3622.200 |
5126.400 |
|
4 |
|
Other
income |
1086.9000 |
1240.700 |
879.200 |
5445.100 |
3529.400 |
4538.400 |
|
5 |
|
Profit
from ordinary activities before exceptional items (3+4) |
2231.700 |
2436.200 |
2040.200 |
9039.000 |
7151.600 |
9664.800 |
|
6 |
|
Exceptional
items |
- |
- |
- |
- |
- |
- |
|
7 |
|
Profit
from ordinary activities before Tax (5-6) |
2231.700 |
2436.200 |
2040.200 |
9039.000 |
7151.600 |
9664.800 |
|
8 |
(a) (b) |
Tax
expenses Current tax Deferred tax |
710.000 3.500 |
720.200 (5.900) |
604.800 (12.800) |
2140.000 (20.800) |
1904.800 (72.100) |
2670.000 (54.100) |
|
9 |
|
Net Profit
from ordinary activities after tax (7-8) |
1518.200 |
1721.900 |
1448.200 |
6919.800 |
5318.900 |
7048.900 |
|
10 |
|
Extraordinary
items |
- |
- |
- |
- |
- |
- |
|
11 |
|
Net Profit
for the period (9-10) |
1518.200 |
1721.900 |
1448.200 |
6919.800 |
5318.900 |
7048.900 |
|
12 |
|
Paid-up
equity share capital (Face value R. 10 per share) |
450.000 |
450.000 |
450.000 |
450.000 |
450.000 |
450.000 |
|
13 |
|
Reserves
(excluding Revaluation Reserve) |
|
|
|
|
|
34338.6000 |
|
14 |
(a) (b) |
Earnings
per Share (EPS) Basic
(Rs.) Diluted
(Rs.) * Not
annualised |
33.74* 33.74* |
38.26* 38.26* |
32.18* 32.18* |
153.77 153.77 |
118.20* 118.20* |
156.64 156.64 |
|
1 |
Public
shareholding |
|
|
|
|
|
|
|
|
Number of
shares |
4,50,00,000 |
4,50,00,000 |
4,50,00,000 |
4,50,00,000 |
4,50,00,000 |
4,50,00,000 |
|
|
Percentage
of holding |
100% |
100% |
100% |
100% |
100% |
100% |
|
2 |
Promoters
and promoter group shareholding |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
|
(a) |
Pledged/Encumbered |
NA |
NA |
NA |
NA |
NA |
NA |
|
|
- Number
of shares |
- |
- |
- |
- |
- |
- |
|
|
-
Percentage of shares |
- |
- |
- |
- |
- |
- |
|
|
(as a % of
the total shareholding of promoter and promoter group) |
|
|
|
|
|
|
|
|
-
Percentage of shares |
- |
- |
- |
- |
- |
- |
|
|
(as a % of
the total share capital of the company) |
|
|
|
|
|
|
|
(b) |
Non-encumbered |
NA |
NA |
NA |
NA |
NA |
NA |
|
|
- Number
of shares |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
- |
Note:
1
The
above unaudited financial results for the period ended December 31, 2012 have
been reviewed by the Audit Committee and approved by the Board of Directors on
February 14, 2013.
2
For
the purpose of above financial information, the Company has followed the same
accounting policies as those have been followed for the financial statement for
the year ended 31st March 2012.
3
The
Securities Contracts (Regulations) (SECC) Regulations, 2012, inter alia,
requires every recognized stock exchange to credit twenty five percent of its
annual profits every year to a fund to guarantee settlement of trades of the
recognized clearing corporation(s) which clears and settles trade executed on
that stock exchange. The Securities and Exchange Board of India (SEBI) in its
Press Note No.66/2012 dated June 21, 2012 as stated that it is in the process
of formulating guidelines and procedures and inter-alia, to look into the norms
for adequacy of the core corpus of the Settlement Guarantee Fund (SGF) / Trade
Guarantee Fund (TGF) and its sourcing and transfer of profits by stock
exchanges to SGF/TGF in the long run, by forming an expert committee.
Accordingly, the transfer out of annual profit shall be made based on the
guidelines and procedures to be issued by the SEBI.
4
The
Company has received a demand notice from Department of Telecommunication
(DoT), Government of India to pay a revised VSAT Network Licence Fees, Royalty,
etc. aggregating to Rs.4114.000 Millions l for the period from April 1, 2012 to
December 31, 2012. The Company is in the process of filing reply to the said
demand notice contesting the same. In view of this, no provision for the same
is made in the accounts for the nine months period ended December 31, 2012 and
same has been considered as a Contingent Liability.
5
The
Company has received a show cause cum demand notice for a sum of Rs.110.911
Millions from Service Tax department pertaining to the financial years 2008-09
to 2011-12. The Company is in the process of filing reply to the said show
cause cum demand notice contesting the same. In view of this, no provision for
the same is made in the accounts for the nine months period ended December 31,
2012 and same has been considered as a Contingent Liability.
6
As
the Company's operations comprise only of facilitating trading in securities
and activities incidental thereto within India, the disclosure required in the
terms of Accounting Standard 17-"Segment Reporting" notified under
the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant
provisions of the Companies Act, 1956 are not applicable.
7
Information
on investor complaint pursuant to Clause 41 of the Listing Agreement for the
quarter ended December 31, 2012
|
Nature
of complaints received |
8
Opening |
9
Additions |
10
Disposal |
11
Closing |
|
12 |
13
NIL |
14
NIL |
15
NIL |
16
NIL |
8
Previous
period / year's figures have been regrouped/reclassified wherever necessary to
correspond with the current period classification/disclosure
FIXED ASSETS:
- Land
- Building
- Trading Systems
- Computer Systems and Office Automation
- Computer Systems and Others
- Telecommunication Systems
- Office Equipments
- Electrical Equipments
- Furniture and Fixtures
- Computer Software
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.54.21 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
10 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
82 |
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.