|
Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ICICI HOME FINANCE COMPANY LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.05.1999 |
|
|
|
|
Com. Reg. No.: |
11-120106 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10987.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65922MH1999PLC120106 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04738G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Loans For Purchase, Construction, Repairs and Renovation
etc., of Houses / Flats to Individuals, Corporate Bodies, Builders and
Co-operative Housing Societies. |
|
|
|
|
No. of Employees
: |
Information
declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 58580000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of ICICI Bank. It is a well
established company having fine track record. Liquidity of the company
appears to be strong and healthy. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitment. The company can be considered for good 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
AAA (SO) Fixed Deposit |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
17.10.2013 |
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 [91-22-26531414/ 26537482]
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-22-26531414 |
|
Fax No.: |
91-22-26531215/ 26531671 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 24.05.2013
|
Name : |
Mr. Rohit Manmohan Salhotra |
|
Designation : |
Managing director |
|
Address : |
703-C, Lokhandwala Residency, E Moses Road, Worli, Mumbai – 400018,
Maharashtra, India |
|
Date of Birth/Age : |
18.07.1966 |
|
Date of Appointment : |
22.05.2012 |
|
DIN No.: |
03580929 |
|
|
|
|
Name : |
Mr. Jayesh Manhar Gandhi |
|
Designation : |
Director |
|
Address : |
A/4, Mewawala Apartment, 53-D St. Mary Road, Vile Parle West, Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
09.01.1962 |
|
Date of Appointment : |
18.11.2006 |
|
DIN No.: |
00221855 |
|
|
|
|
Name : |
Mr. Subramaniam Santhanakrishnan |
|
Designation : |
Director |
|
Address : |
Flat G5, Block 2, Prime Terrace 150, |
|
Date of Birth/Age : |
08.11.1944 |
|
Date of Appointment : |
24.07.2008 |
|
DIN No.: |
00005069 |
|
|
|
|
Name : |
Mr. Dileep Chinubhai Choksi |
|
Designation : |
Director |
|
Address : |
E-7, Sea Face Park, 50, Bhulabhai Desai Road, Mumbai - 400026,
Maharashtra, India |
|
Date of Birth/Age : |
26.12.1949 |
|
Date of Appointment : |
25.09.2009 |
|
DIN No.: |
00016322 |
|
|
|
|
Name : |
Mr. Rajiv Sabharwal |
|
Designation : |
Nominee director |
|
Address : |
Y-1301, 13th Floor, Callalily Nahar’s Amrit Shakti Off Saki
Vihar Road, Chandivali, Andheri East, Mumbai
- 400072, Maharashtra, India |
|
Date of Birth/Age : |
28.09.1965 |
|
Date of Appointment : |
08.04.2010 |
|
DIN No.: |
00057333 |
|
|
|
|
Name : |
Mr. Maninder Singh Juneja |
|
Designation : |
Nominee director |
|
Address : |
D - 1002, Mayfair Meridian Ceasar Road, Amboli, Andheri (West),
Mumbai-400058, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1966 |
|
Date of Appointment : |
08.04.2010 |
|
DIN No.: |
02680016 |
KEY EXECUTIVES
|
Name : |
Mr. Pratap S. Salian |
|
Designation : |
Secretary |
|
Address : |
19/102, Sanskriti 90 Feet Road, Asha Nagar, Kandivli (East), Mumbai -
400101, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
11.04.2011 |
|
PAN No.: |
AQUPS7901E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.05.2013
|
Names of Shareholders |
|
No. of Shares |
|
ICICI Bank Limited, |
|
1098748900 |
|
ICICI Securities Limited, |
|
500 |
|
ICICI Bank Limited, |
|
100 |
|
ICICI Lombard General Insurance Company Limited, |
|
100 |
|
ICICI Investments Management Company Limited, |
|
100 |
|
ICICI Trusteeship Services Limited, |
|
100 |
|
ICICI Venture Funds Management Company Limited, |
|
100 |
|
ICICI Securities Primary Dealership Limited, |
|
100 |
|
ICICI Securities Limited, |
|
100 |
|
|
|
|
|
TOTAL
|
|
1098750000 |
AS ON 24.05.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Nationalized
or other banks |
|
99.99 |
|
Bodies
corporate |
|
0.01 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Loans For Purchase, Construction, Repairs and Renovation
etc., of Houses / Flats to Individuals, Corporate Bodies, Builders and
Co-operative Housing Societies. |
GENERAL INFORMATION
|
No. of Employees : |
Information
declined by the management |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
ICICI Bank Limited, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountant |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar
(East), Mumbai-400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
PAN No: |
ACHFS9180N |
|
|
|
|
Holding Company : |
ICICI Bank Limited CIN No.:
L65190GJ1994PLC021012 |
|
|
|
|
Fellow Subsidiaries / Fellow Entity : |
·
ICICI Securities Limited ·
ICICI Securities Primary Dealership Limited ·
ICICI Prudential Life Insurance Company Limited ·
ICICI Lombard General Insurance Company Limited ·
ICICI Securities Inc. ·
ICICI Securities Holdings Inc. ·
ICICI Venture Funds Management Company Limited ·
ICICI Trusteeship Services Limited ·
ICICI Investment Management Company Limited ·
ICICI International Limited ·
ICICI Bank UK PLC ·
ICICI Bank Canada ·
ICICI Bank Eurasia LLC ·
ICICI Eco-net Internet and Technology Fund ·
ICICI Equity Fund ·
ICICI Emerging Sectors Fund ·
ICICI Strategic Investments Fund ·
ICICI Prudential Asset Management Company Limited ·
ICICI Prudential Trust Limited ·
TCW/ICICI Investment Partners Limited ·
ICICI Kinfra Limited ·
ICICI Prudential Pension Funds Management Company
Limited ·
ICICI Venture Value Fund (IVVF) ·
I-Ven Biotech Limited ·
ICICI Foundation For Inclusive Growth ·
India Infra Debt Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2385000000 |
Equity Shares |
Rs.10/- each |
Rs.23850.000 Millions |
|
15000000 |
Preferences Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
TOTAL
|
|
Rs.24000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1098750000 |
Equity Shares |
Rs.10/- each
|
Rs.10987.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10987.500 |
10987.500 |
10987.500 |
|
(b) Reserves & Surplus |
3658.300 |
3097.700 |
2416.700 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
14645.800 |
14085.200 |
13404.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
38714.400 |
38485.900 |
51784.700 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
307.900 |
264.900 |
350.800 |
|
(d) long-term
provisions |
1441.700 |
1460.900 |
1181.100 |
|
Total Non-current
Liabilities (3) |
40464.000 |
40211.700 |
53316.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1950.900 |
2032.200 |
1724.200 |
|
(b)
Trade payables |
181.100 |
192.300 |
120.100 |
|
(c)
Other current liabilities |
14526.900 |
17536.800 |
23237.100 |
|
(d) Short-term
provisions |
256.200 |
218.400 |
227.700 |
|
Total Current
Liabilities (4) |
16915.100 |
19979.700 |
25309.100 |
|
|
|
|
|
|
TOTAL |
72024.900 |
74276.600 |
92029.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
599.900 |
35.700 |
42.900 |
|
(ii)
Intangible Assets |
6.000 |
10.100 |
10.700 |
|
(iii)
Capital work-in-progress |
1.100 |
0.800 |
0.400 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
1.100 |
|
(b) Non-current
Investments |
2332.300 |
3541.000 |
3508.300 |
|
(c) Deferred tax
assets (net) |
472.900 |
469.500 |
398.700 |
|
(d) Long-term Loan and Advances |
59658.000 |
61577.800 |
75260.400 |
|
(e) Other
Non-current assets |
16.200 |
15.600 |
264.100 |
|
Total Non-Current
Assets |
63086.400 |
65650.500 |
79486.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
736.700 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
138.000 |
80.600 |
46.900 |
|
(d) Cash
and cash equivalents |
1338.200 |
2042.200 |
1924.100 |
|
(e)
Short-term loans and advances |
6099.200 |
5140.800 |
8913.300 |
|
(f)
Other current assets |
626.400 |
1362.500 |
1659.000 |
|
Total
Current Assets |
8938.500 |
8626.100 |
12543.300 |
|
|
|
|
|
|
TOTAL |
72024.900 |
74276.600 |
92029.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9193.000 |
10609.800 |
12366.900 |
|
|
|
Other Income |
108.000 |
100.100 |
96.900 |
|
|
|
TOTAL (A) |
9301.000 |
10709.900 |
12463.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefit Expenses |
310.400 |
236.700 |
309.500 |
|
|
|
Establishment and Other Expenses |
633.100 |
830.400 |
747.300 |
|
|
|
Expenses Recovered |
(16.900) |
(39.300) |
(181.400) |
|
|
|
TOTAL (B) |
926.600 |
1027.800 |
875.400 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8374.400 |
9682.100 |
11588.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5326.600 |
6141.000 |
8284.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3047.800 |
3541.100 |
3304.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.100 |
9.700 |
10.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3028.700 |
3531.400 |
3293.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
826.500 |
934.900 |
960.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2202.200 |
2596.500 |
2332.900 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.00 |
2.38 |
2.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
23.67
|
24.24 |
18.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
32.95
|
33.28 |
26.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.37
|
5.02 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.25 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.77
|
2.87 |
3.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.53
|
0.43 |
0.50 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2013 [Rs. in millions] |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
|
|
|
|
|
|
Current Maturities of Long Term Debt |
|
|
|
|
Secured |
2000.000 |
0.000 |
NA |
|
Unsecured |
10766.600 |
15424.700 |
NA |
|
TOTAL |
12766.600 |
15424.700 |
NA |
|
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 |
Yes |
|
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 |
Yes |
|
CASE DETAILS BENCH: BOMBAY Lodging No.: ITXAL/800/2013
Filing Date: 29/05/2013 Reg.
No.: ITXA/2002/2013 Reg. Date:
17/10/2013
|
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10207534 |
21/01/2010 |
4,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI - 400001,
MAHARASHTRA, INDIA |
A79415154 |
|
2 |
10159224 |
20/05/2009 |
3,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI - 400001,
MAHARASHTRA, INDIA |
A62831706 |
|
3 |
10142556 |
05/12/2008 |
1,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING, GROUND
FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA,
INDIA |
A52652872 |
|
4 |
10129372 |
10/10/2008 |
2,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING, GROUND
FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA,
INDIA |
A49496052 |
|
5 |
10063486 |
10/08/2009 * |
3,116,900,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING, GROUND
FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA,
INDIA |
A67710525 |
|
* Date of charge modification |
||||||
CORPORATE
INFORMATION:
ICICI Home Finance Company
Limited (the company) is a public company domiciled in India and incorporated
under the provisions of the Companies Act, 1956. The Company is engaged in the
providing financial assistance for specified interest and maturity to person/
persons for the purpose to acquire, construct, erect, improve, extend, alter,
repair, renovate, develop any house, flats or buildings or any form of real
estate or any part or portion-thereof. The Company is also providing financial
assistance to any person for specified purpose against the security of any
immovable property. The Company is engaged in providing advisory, consultancy,
broking in property service, sourcing and servicing home loans.
MARKET OVERVIEW:
The mortgage
market in India continues to grow, especially as cities beyond the Tier I and
II cities expand with a steady demand in residential segment. The residential
segment in Tier Ill and IV markets also have been attractive in the last few
months with stable prices and have witnessed a pickup in project launches and
construction activity. Absorption and supply in most markets is balanced,
providing grounds for stable prices. Their company continues to focus on
emerging markets, which provide a new growth opportunity.
The office market
segment has seen some slowdown, largely due to lower economic growth and higher
supply relative to the absorption in the commercial cities. Developers have
deferred their construction schedules to temper the supply to this segment and
pricing has been flexible to increase off take. With the entry of global
retailers to India, the retail real estate market is expected to witness growth
during the coming years.
OPERATIONAL REVIEW
They have grown
their mortgages footprint to now cover the upcoming markets. They have already attained
significant market share in some of these key locations. The portfolio has been
closely tracked to ensure they maintain good quality since the overall book has
been declining. Revenues of their Real Estate advisory business have also
grown. The Mortgage Valuations group expanded its footprint to cover the
requirement of their Mortgages Business and also for ICICI Bank. Technology
arid automation have been a key focus to achieve better productivity and
service levels to their customers. The Company continues to stay committed and
focused on partnering the developers at all stages of the Real Estate Value
chain.
FIXED ASSETS:
·
Office Building
·
Leasehold Property
·
Computer
·
Office Equipment
·
Furniture
·
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.62.36 |
|
|
1 |
Rs.101.11 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
69 |
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.