|
Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
THE ROYAL BANK OF |
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Mumbai Branch
Office : |
31-32, Sakhar Bhavan, Nariman Point, Mumbai - 400021, |
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Country : |
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Financials (as
on) : |
31.03.2012 [Capital Fund] |
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Date of
Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Capital
Investment / Paid-up Capital : |
Not Available |
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Legal Form : |
Foreign Registry Company |
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Line of Business
: |
Provides Banking and Financial Services. |
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No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Good |
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|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a part of RBS Group of Companies and it covers the
businesses that were acquired from ABN AMRO. It is an old and well established bank having fine track record. The
financial of the Bank is sound and healthy. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The Bank can be considered good for normal business dealings. Note: Profit and Loss Statement is not available. |
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 |
S and P Ratings |
|
Rating |
Local Currency ‘A’ |
|
Rating Explanation |
Strong capacity to meet financial commitments
but somewhat susceptible to adverse economic conditions and changes in
circumstances. |
|
Date |
January 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 [91-22-66563800]
LOCATIONS
|
Registered
Office : |
Located at: Ř Netherlands |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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|
|
|
Mumbai Branch
Office : |
31-32, Sakhar Bhavan, Nariman Point, Mumbai - 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-66271111/ 22818008 |
|
Fax No.: |
91-22-22818252 |
|
Website : |
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Mumbai Head Office : |
Floor 7, 4 North Avenue, Maker Maxity, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-66232400 |
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|
|
|
Chennai Head Office : |
KRM Towers, No. 1, Harrington Road, Chetpet, Chennai – 600031,
Tamilnadu, India |
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|
|
|
Branch Offices : |
Located at: Ř
Agra Ř
Ahmedabad Ř
Bangalore Ř
Chennai Ř
Delhi Ř
Gurgaon Ř
Hyderabad Ř
Jalandhar Ř
Jodhpur Ř
Kolhapur Ř
Kolkata Ř
Lucknow Ř
Mangalore Ř
Moradabad Ř
Mumbai Ř
Nasik Ř
Noida Ř
Panipat Ř
Pune Ř
Salem Ř
Surat Ř
Tirupur Ř
Udaipur Ř Vadodara |
|
|
|
|
Overseas Offices : |
Located at: Ř Europe, Middle East and Africa Ř Asia Pacific Ř Americas |
DIRECTORS
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Provides Banking and Financial Services. |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
CAPITAL FUND
|
|
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
A |
Tier-I Capital |
25504.100 |
22655.700 |
|
|
Of which |
|
|
|
|
- Paid up share capital |
1690.200 |
1690.200 |
|
|
- Reserves and surplus |
24286.200 |
22933.100 |
|
|
- Innovative perpetual debt instrument (IPDI) |
3101.800 |
3048.500 |
|
|
- Amount deducted from Tier-I capital |
|
|
|
|
- Deferred tax assets |
(3379.600) |
(4587.800) |
|
|
- Intangible assets |
(31.300) |
(40.400) |
|
|
- Others |
(163.200) |
(387.900) |
|
|
|
|
|
|
B |
Tier-II Capital (net of deductions) (B.1+B.2+B.3-B.4) |
8389.100 |
9041.600 |
|
|
Of which |
|
|
|
B.1 |
Debt capital instruments eligible for inclusion as upper
Tier-II capital (Hybrid capital) |
5663.900 |
5080.800 |
|
|
- Total amount outstanding |
7157.000 |
7157.000 |
|
|
- Of which amount raised during the current year |
Nil |
Nil |
|
|
- Amount eligible as capital funds |
5663.900 |
5080.800 |
|
|
|
|
|
|
B.2 |
Subordinated debt eligible for inclusion in Tier-II capital |
744.200 |
2096.900 |
|
|
- Total amount outstanding |
7579.000 |
10871.900 |
|
|
- Of which amount raised during the current year |
Nil |
Nil |
|
|
- Amount eligible as capital funds |
744.200 |
2096.900 |
|
|
|
|
|
|
B.3 |
Other Tier-II Capital - Provision for Standard assets and
Investment reserves. |
1981.000 |
1863.900 |
|
|
|
|
|
|
B.4 |
Deductions from Tier-II capital |
- |
- |
|
|
|
|
|
|
C |
Total Eligible Capital |
33893.200 |
31697.300 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
No |
|
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 |
No |
|
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
WEBSITE DETAILS
PROFILE
W.E.F 19 MARCH, 2010, ABN AMRO BANK N.V. IN INDIA HAS BEEN RENAMED AS
THE ROYAL BANK OF SCOTLAND N.V.
The Royal Bank of Scotland Group PLC’s (RBSG) has increased its shareholding in RFS Holdings BV to approx 97.717%. Consequently, the shareholding of the State of Netherlands and Banco Santander SA has been reduced to approx 1.2505% and approx 1.03% respectively in December 2010.
ABOUT THE ROYAL BANK OF SCOTLAND GROUP
In 300 years, The Royal Bank of Scotland Group has grown to become one of the largest financial services groups in the world. Their brands operate around the globe to provide banking services for individuals, businesses and institutions. Proud of their history, they remain committed to innovation and service.
In 2007, the Group strengthened its presence across the globe through the purchase of several parts of the Dutch bank, ABN AMRO, including their businesses in India.
The Group serves a variety of medium to large enterprises, including multi-national corporations (MNC) and financial institutions. They offer integrated consumer and business banking services such as transaction banking, risk management, investment banking, private banking and asset management.
Their clients each have different aspirations, goals and needs. They work closely with and for them, providing solutions for their particular personal and business circumstances.
THE ROYAL BANK OF SCOTLAND GROUP PLC (RBSG'S) APPROACH TO ANTI-BRIBERY
AND CORRUPTION REQUIREMENTS
ABOUT RBS INDIA
RBS India offers an unparalleled suite of client services in India. Using their global reach and drawing on the expertise of their team of research, sales and trading, equity capital market and mergers & acquisitions (M&A) advisory professionals, they have led many of the biggest and most innovative landmark transactions in India for their Corporate and Institutional Clients.
They offer a broad range of transaction banking, fixed income and foreign exchange products and services, including sales and trading, fixed income origination, derivatives, structured lending and commodity financing.
Additionally, they provide a diverse range of product offerings including personal loans, credit cards, savings accounts, financial planning, investment and insurance services, to meet the everyday financial needs of over a million Personal Banking clients in India.
Asset Management is among the fastest growing asset managers, with just two years of operations in the country. They have ever-increasing distribution and aim to emerge as a leading player in the Indian asset management industry. Leveraging the Group's comprehensive research and diverse range of investment products, they offer their clients investment options in fixed income, equities, money markets and structured products.
Their Microfinance program, the largest amongst its peer foreign banks in India, is aimed at delivering credit to their target community of impoverished rural woman through intermediaries called microfinance institutions.
CAPITAL MANAGEMENT
OBJECTIVE
The Bank actively manages its capital to meet regulatory norms and current and future business needs considering taking cognizance of the strategic intent of the Bank, profitability of particular businesses and opportunities for growth. The proper mapping of credit, operational and market risks to this projected business growth enables assignment of capital that not only adequately covers the minimum regulatory capital requirement but also provides headroom for growth. The calibration of risk to business is enabled by a strong risk culture in the Bank aided by effective, technology based risk management systems
ORGANIZATIONAL SET-UP
The capital management framework of the Bank is administered by the Asset Liability Committee (ALCO) and the Risk and Control Committee (RCC) under the supervision of the EXCO.
REGULATORY CAPITAL
The Bank is subject to the capital adequacy norms stipulated by the RBI guidelines on Basel II. The RBI guidelines on Basel II require the Bank to maintain a minimum ratio of total capital to risk weighted assets of 9.0%, with a minimum Tier-I capital adequacy ratio of 6.0%. The total capital adequacy ratio of the Bank at March 31, 2012 as per the RBI guidelines on Basel II is 12.46% with a Tier-I capital adequacy ratio of 9.38%. Under Pillar 1 of the RBI guidelines on Basel II, the Bank follows the standardized approach for credit risk, Standardized Duration method for market risk and Basic Indicator approach for operational risk.
INTERNAL ASSESSMENT
OF CAPITAL
The Bank’s capital management framework includes a comprehensive internal capital adequacy assessment process (ICAAP) conducted annually and which determines the adequate level of capitalization for the Bank to meet regulatory norms and current and future business needs, including under stress scenarios. The ICAAP encompasses capital planning for a four year time horizon, identification and measurement of material risks and the relationship between risk and capital.
The Bank’s capital management framework is complemented by its risk management framework (detailed in the following sections), which includes a comprehensive assessment of material risks.
Stress testing which is a key aspect of the ICAAP and the risk management framework provides an insight on the impact of extreme but plausible scenarios on the Bank’s risk profile and capital position. Based on the approved stress testing framework, the Bank conducts stress tests on its various portfolios and assesses the impact on its capital ratios and the adequacy of capital buffers for current and future periods. The Bank periodically assesses and refines its stress tests in an effort to ensure that the stress scenarios capture material risks as well as reflect possible extreme market moves that could arise as a result of market conditions.
Based on the ICAAP, the Bank determines its capital needs and the optimum level of capital.
MONITORING AND
REPORTING
The Management maintains an active oversight over the Bank’s capital adequacy levels. On a quarterly basis an analysis of the capital adequacy position and the risk weighted assets and an assessment of the various aspects of Basel II on capital and risk management as stipulated by RBI, are reported to the EXCO. Further, the ICAAP which is an annual process also serves as a mechanism for the Board to assess and monitor the Bank’s and the Bank’s capital adequacy position over a four year time horizon.
CAPITAL REQUIREMENTS
FOR VARIOUS RISK AREAS
As required by RBI guidelines on Basel II, the Bank’s capital requirements as at 31 March 2012 have been computed using the Standardized approach for credit risk, Standardized Duration method for market risk and Basic Indicator approach for operational risk. The minimum capital required to be held at 9.00% for credit, market and operational risks is given below:
(Rs. in millions)
|
|
|
31.03.2012 |
31.03.2011 |
|
A |
Capital requirements for Credit Risk |
19193.900 |
18197.800 |
|
|
- Portfolios subject to standardized approach |
19193.900 |
18197.800 |
|
|
- Securitization exposures |
Nil |
Nil |
|
|
|
|
|
|
B |
Capital requirements for Market Risk |
1969.600 |
2745.100 |
|
|
- Standardized duration approach |
|
|
|
|
- Interest rate risk |
1429.600 |
2385.100 |
|
|
- Foreign exchange risk |
540.000 |
360.000 |
|
|
- Equity risk |
Nil |
Nil |
|
|
|
|
|
|
C |
Capital requirements for Operational risk |
3316.000 |
3540.700 |
|
|
- Basic indicator approach |
3316.000 |
3540.700 |
|
|
|
|
|
|
D |
Capital Adequacy Ratio of the Bank (%) |
12.46% |
11.65% |
|
E |
Tier-I CRAR (%) |
9.38% |
8.33% |
|
F |
Tier-II CRAR (%) |
3.08% |
3.32% |
OPERATIONAL RISK
Operational Risk is
the risk of loss resulting from inadequate or failed internal processes, people
and systems or from external events, including. Operational risk includes legal
risk but excludes strategic and reputation risk. Operational risk is an
integral and unavoidable part of the RBS Group’s business as it is inherent in
the processes it operates to provide services to customers and generate profit
for shareholders.
The objective of
the Bank’s operational risk management is to manage and control operational
risks in a cost effective manner within targeted levels of operational risk
consistent with the Bank’s risk appetite as specified in the Operational Risk
Management Policy (the Policy) approved by the EXCO. To ensure appropriate
responsibility is allocated for the management, reporting and escalation of
operational risk, the Group operates three lines of defense model which
outlines principles for the roles, responsibilities and accountabilities for
operational risk management.
Operational risk –
three lines of defense model
1st line of
defense
The Business: The
Business is responsible for setting risk appetite, owns and manages its risks
within the overall Group risk appetite, and is responsible for complying with
all Group policies. The business must test and certify the adequacy and
effectiveness of its controls in place to meet these responsibilities.
2nd line of
defense
Risk Management:
It is responsible for owning and developing the risk management framework and
tools, which the business uses to discharge its responsibilities. The 2nd line
of defence must provide oversight and challenge to the 1st line on management
of its risks.
3rd line of
defense
Group Internal
Audit is the 3rd Line of Defense and provides independent assurance over the
key risks to the organization, which includes an assessment of the entire
control framework.
The Operational
Risk Policy Standards provide the direction for delivering effective
operational risk management. They comprise principles and processes that enable
the consistent identification, assessment, management, monitoring and reporting
of operational risk across the Group. The objectives of the standards are to
protect the Group from financial loss or damage to its reputation, its
customers or staff and to ensure that it meets all necessary regulatory and
legal requirements.
The standards are
supported by several key operational risk management techniques of which the
Bank applies the following techniques:
- Risk
assessments: business units identify and assess operational risks to ensure
that they are effectively managed, prioritized, documented and aligned to risk
appetite;
- Risk Event and
Loss data management: each business unit’s internal loss data management
process captures all operational risk loss events above certain minimum
thresholds. The data is used to enhance the adequacy and effectiveness of
controls, identify emerging themes, enable formal loss event reporting and
inform risk and control assessments and scenario analysis.
Escalation of
individual events to senior management is determined by the seriousness of the
event. Operational loss events are categorized under the following headings:
- Clients,
products and business practices;
- Technology and
infrastructure failures;
- Employment practices
and workplace safety;
- Internal fraud;
- External fraud;
- Execution,
delivery and process management;
- Malicious
damage; and
- Disaster and public safety
- Risk Issues
Management: This process is meant to ensure that operational risk issues are
captured and classified consistently, and that there is robust governance over
their closure and acceptance.
- New products
approval process: this process ensures that all new products or significant
variations to existing products are subject to a comprehensive risk assessment.
Products are evaluated and approved by specialist areas and are subject to
executive approval prior to launch; and
- Control
Environment Certification: This requires to provide a bi-annual assessment and
certification regarding, adequacy and effectiveness of the internal risk and
control framework for which they are responsible; management of material risk
within the business, within defined risk appetite and tolerance levels; and
compliance with the Group Policy Framework and supporting policy standards.
Scope and nature
of reporting and measurement systems
Reporting forms an
integral part of operational risk management. The Group’s risk management
processes are designed to ensure that issues are identified, escalated and managed
on a timely basis. Exposures for each division are reported through monthly
risk issue reports, which provide detail on the risk issues and action plans.
Events that have a material, actual or potential impact on the branch’s
finances, reputation or customers, are escalated and reported to divisional and
Group executive.
Policies for
mitigating
The objective of
operational risk management is not to remove operational risk altogether, but
to manage the risk to an acceptable level, taking into account the cost of
minimizing the risk with the resultant reduction in exposure. Strategies to
manage operational risk include avoidance, transfer, acceptance and mitigation
by controls.
Each business unit
must manage its operational risk exposure within an acceptable level, testing
the adequacy and effectiveness of controls and other risk mitigants regularly
and documenting the results. Where unacceptable control weaknesses are
identified, action plans must be produced and tracked to completion.
PRESS RELEASE:
RBS WINS GLOBAL
SECURITISATION HOUSE AND EMEA LOAN HOUSE AT IFR AWARDS
16.12.2011
RBS Global Banking & Markets (“GBM”) collected its best-ever haul of IFR Awards, including three house awards: Global Securitisation House, EMEA Securitisation House, and EMEA Loan House.
This was the first time that RBS won one of the prestigious, top global house awards from IFR – a tier one Thomson Reuters’ publication covering the capital markets.
“We’re delighted that IFR chose to award RBS the Global Securitisation House of the Year award and for all our other wins, including EMEA Loan House of the Year,” said John Hourican, Chief Executive Officer of GBM. “I recognise the effort, dedication, time spent, and team spirit of my colleagues that led us to securing successful financing outcomes for the bank’s clients across the globe. Our IFR wins truly reflect these achievements.”
RBS won the following house of the year IFR accolades:
Ř Global Securitisation House
Ř EMEA Loan House
Ř EMEA Securitisation House
RBS also played a key role on the following deals, which IFR recognised as achievements in their own right:
Ř Asia-Pacific Loan of the Year – Birla Carbon
Ř EMEA Securitisation – Gosforth Funding 2011-1
Ř EMEA Leveraged Loan – Polkomtel
Ř Sterling Bond – Nationwide
Ř Covered Bond – Unicredit
Ř Issuer of the Year – UK Debt Management Office
Ř SSAR Issuer – UK DMO
Ř Emerging EMEA Bond – VimpelCom
“Winning these awards shows the quality of our franchises and our commitment to our clients despite difficult market conditions,” said Peter Nielsen, Global Head of Markets.
“For IFR to have presented RBS with the EMEA Loan House
award as well as the EMEA Securitisation House award is a great achievement,” said
John Owen, Head of EMEA, GBM, “and our recent EMEA league table positions show
this. We are the number one bank for all debt issues.” 1
ROYAL BANK OF SCOTLAND SELLS 50 LAKH SHARES
OF SKS MICRO
APR 26, 2013, 09.00
AM IST
On April 25, Merrill Lynch Capital Markets Espana S.A. SVB bought 4995331 equity shares of SKS Microfinance at Rs 127.09 on the National Stock Exchange.
However, The Royal Bank Of Scotland N.V. sold 50 lakh shares at Rs 127.01.
In the previous trading session, the share closed at Rs 129.20, down Rs 2, or 1.52 percent. It has touched an intraday high of Rs 132.90 and an intraday low of Rs 123.90.
The share touched its 52-week high Rs 198.90 and 52-week low Rs 54.40 on 13 December, 2012 and 05 June, 2012, respectively. Currently, it is trading 35.04 percent below its 52-week high and 137.5 percent above its 52-week low. Market capitalisation stands at Rs 13981.100 Millions.
THE ROYAL BANK OF SCOTLAND SELLS 84.31 LK
SHRS OF ALOK IND
NOV 27, 2012, 08.20
AM IST
On November 26, 2012 Pashupati Capital Services PVT. LTD. bought 5,310,938 shares of Alok Industries at Rs 11.22 and sold 489,871 shares at Rs 11.15 on the NSE.
However, The Royal Bank of Scotland N.V. sold 8,431,415 shares at Rs 11.20.
In the previous trading session, the share closed at Rs 11.14. It has touched an intraday high of Rs 11.39 and an intraday low of Rs 11.06.
The share touched its 52-week high Rs 23.90 and 52-week low Rs 10.77 on 13 February, 2012 and 13 September, 2012, respectively.
Currently, it is trading 53.39% below its 52-week high and 3.44% above its
52-week low.
Market capitalisation stands at Rs 9204.600 Millions.
The company's trailing 12-month (TTM) EPS was at Rs 4.68 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 2.38. The latest book value of the company is Rs 44.24 per share. At current value, the price-to-book value of the company was 0.25. The dividend yield of the company was 2.69%.
ROYAL BANK OF SCOTLAND BUYS 5.80 LAKH SHARES
OF ESCORTS
APR 20, 2012, 11.59
AM IST
On April 19, 2011 The Royal Bank of Scotland N.V. bought 580,000 shares of Escorts at Rs 81.04 on the NSE. Yesterday the share closed at Rs 81.
The company touched its 52-week high Rs 143.95 and 52-week low Rs 63.60 on 27 Apr, 2011 and 19 Aug, 2011, respectively. Currently, it is trading -42.34% below its 52-week high and 30.5% above its 52-week low. Market capitalisation stands at Rs 8766.300 Millions.
The company's trailing 12-month (TTM) EPS was at Rs 16.23 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 5.11. The latest book value of the company is Rs 165.42 per share. At current value, the price-to-book value of the company was 0.5. The dividend yield of the company was 1.81%.
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. 53.95 |
|
|
1 |
Rs. 83.81 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.