MIRA
INFORM REPORT
|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE JIO INFOCOMM LIMITED (w.e.f.
22.01.2013) |
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Formerly Known
As : |
INFOTEL BROADBAND SERVICES LIMITED (w.e.f.
19.07.2010) INFOTEL BROADBAND SERVICES PRIVATE LIMITED |
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Registered
Office : |
3rd Floor, Maker Chambers IV, 222, Nariman
Point, Mumbai – 400 021, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
15.02.2007 |
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Com. Reg. No.: |
11-234712 |
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Capital
Investment / Paid-up Capital : |
Rs. 230720.000 Millions |
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CIN No.: [Company Identification
No.] |
U72900MH2007PLC234712 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PTLI10699D |
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PAN No.: [Permanent Account No.] |
AABCI6363G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of providing Broadband Services,
Telecom and Information Technology enabled and related services. |
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No. of Employees
: |
Information denied by management.
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RATING & COMMENTS
|
MIRA’s Rating : |
Aa (79) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ‘Reliance Industries Limited’. It is an established company having fine track. However, it receives better support from its holding company. Trade relations are fair. Business is active. Payments terms are
reported to be regular and as per commitments. In view of strong holdings, the company can be considered for business
dealings at usual trade terms and conditions. |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central
Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs
7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE Rating |
|
Rating |
Commercial Paper Issue = A1+ |
|
Rating Explanation |
Have strong degree of safety and carry lowest credit risk |
|
Date |
November 18, 2014 |
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
31-03-2014.
INFORMATION DECLINED
Management non co-operative (91-22-22785500)
LOCATIONS
|
Registered Office / Corporate Office 1 : |
3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai – 400 021, Maharashtra,
India |
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Tel. No.: |
91-22-22785500 |
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Fax No.: |
91-22-22785560 |
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E-Mail : |
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Head Office : |
C-135, Industrial Aera, Phase 8, Mohali – 160 062, Punjab, India |
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Tel. No.: |
91-172-4604341 |
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Corporate Office 2 : |
Reliance Corporate Park, Building No.TC23, A Block, 4th
Floor, CA-23, Gate-A, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400
701, Maharashtra, India |
DIRECTORS
As on 15.09.2014
|
Name : |
Mr. Mukesh Dhirubhai
Ambani |
|
Designation : |
Director |
|
Address : |
Sea Wind, 39, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra,
India |
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Qualification : |
B.E (Chemical), MBA |
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Date of Birth/Age : |
19.04.1957 |
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Date of Appointment : |
07.09.2011 |
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DIN No.: |
00001695 |
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Name : |
Mr. Manoj Harjivandas
Modi |
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Designation : |
Director |
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Address : |
10A/B, Building No.26, Sudhakar Co-operative
Housing Society, Narayan Dabholkar
Road, Mumbai – 400 006, Maharashtra, India |
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Qualification : |
B.E. (Chemical) |
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Date of Birth/Age : |
03.07.1957 |
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Date of Appointment : |
07.09.2011 |
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DIN No.: |
00056207 |
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Name : |
Mr. Mahendra Nahata |
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Designation : |
Director |
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Address : |
House No.W-48, Greater Kailash, New Delhi –
110 048, India |
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Qualification : |
B.com |
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Date of Birth/Age : |
19.05.1959 |
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Date of Appointment : |
07.09.2011 |
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DIN No.: |
00052898 |
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Name : |
Mr. Sanjay Mashruwala |
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Designation : |
Managing Director |
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Address : |
A1, Beach House, Gandhigram Road, Juhu, Mumbai – 400 049, Maharashtra,
India |
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Qualification : |
B. Tech |
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Date of Birth/Age : |
07.04.1948 |
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Date of Appointment : |
18.09.2013 |
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DIN No.: |
01259774 |
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Name : |
Mr. Raja Kolumum Ramachandran |
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Designation : |
Director |
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Address : |
1703/1704, Building 1, Raheja Claassique, New Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra , India |
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Qualification : |
B. Sc. (Chemistry), ACA, CMA |
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Date of Birth/Age : |
19.12.1956 |
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Date of Appointment : |
18.09.2013 |
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DIN No.: |
00006673 |
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Name : |
Mr. Sandip Das |
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Designation : |
Managing Director |
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Address : |
4002/4102, Vivarea Jacob, Circle Saat Rasta, Saane Guruji Marg, Mumbai Central,
Mumbai – 400 011, Maharashtra, India |
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Qualification : |
Management Graduate |
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Date of Birth/Age : |
11.01.1958 |
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Date of Appointment : |
18.09.2013 |
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DIN No.: |
00116303 |
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Name : |
Mr. Adil Zainulbhai |
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Designation : |
Director |
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Address : |
The Imperil Apartment , Flat No. 4701, B. B. Nakashe
Marg, Tardeo, Mumbai
-400034, Maharashtra, India |
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Date of Birth/Age : |
18.12.1953 |
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Date of Appointment : |
10.07.2014 |
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DIN No.: |
06646490 |
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Name : |
Mr. Dipak Chand
Jain |
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Designation : |
Director |
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Address : |
915, Hamlin Street, Evanston – 60201, United State of America |
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Date of Birth/Age : |
09.06.1957 |
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Date of Appointment : |
10.7.2014 |
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DIN No.: |
00228513 |
KEY EXECUTIVES
|
Name : |
Mrs. Jyoti Jain |
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Designation : |
Secretary |
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Address : |
Regency Tower, Building No. 03, Flat No.: 1603, 16th Floor,
Vijay Vilas Road, Thane – 400601, Maharashtra,
India |
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Date of Birth/Age : |
14.03.1978 |
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Date of Appointment : |
19.07.2014 |
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PAN No.: |
AEJPJ0346P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2014
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Reliance Industries Limited, India |
|
22694489995 |
|
K Sethuraman jointly with Reliance Industries Limited,
India |
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1 |
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K. R.Raja jointly with Reliance Industries Limited, India |
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1 |
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Pankaj Mohan Pawar jointly with Reliance
Industries Limited, India |
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1 |
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Ramesh Kumar Damani jointly with Reliance
Industries Limited, India |
|
1 |
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Kiran Mathew Thomas jointly with Reliance Industries Limited, India |
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1 |
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Anant Nahata |
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75753000 |
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Nextwave Communications Private Limited, India |
|
37876500 |
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Infotel Telecom Holdings Private Limited, India |
|
6312750 |
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Digivision Content Solutions Private Limited, India |
|
4292670 |
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Vikash Agarwal |
|
2020080 |
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Infotel Infocomm Enterprises
Private Limited, India |
|
126255000 |
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Total
|
|
22947000000 |
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Names of Preference Shareholders |
No. of Shares |
|
Reliance Industrial Investments and Holdings Limited, India |
125000000 |
|
Total |
125000000 |
As on 15.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.66 |
|
Directors or relatives of Directors |
0.33 |
|
Other top fifty shareholders |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing Broadband Services,
Telecom and Information Technology enabled and related services. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management.
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Bankers : |
·
Axis Bank Limited, Maker Towers, 13th
Floor, Cuffe Parade, Colaba,
Mumbai – 400005, Maharashtra, India |
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Facilities : |
(Rs. In Millions)
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Auditors : |
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Name : |
Chaturvedi and Shah Chartered Accountants |
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Address : |
714-715, Tulsiani Chambers, Nariman Point, Mumbai – 400 021, Maharashtra,
India |
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PAN No.: |
AAAFC0662N |
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Name : |
S.V. Ghatalia and Associates LLP |
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Address : |
The Ruby 14th Floor, Senapati Bapat Marg, Dadar
(West), Mumbai- 400028, Maharashtra, India |
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PAN No.: |
ACHFS9181P |
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Name : |
Atul Kulshrestha and
Company Chartered Accountants |
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Address : |
506, Surya Kiran Building,
K.G. Marg, Connaught
Place, New Delhi – 110 001, India |
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Tel. No.: |
91-11-41531330/ 41531331/ 41531332 |
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E-Mail : |
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PAN No.: |
AAHFA0196J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Reliance Industries Limited CIN No.:- L17110MH1973PLC019786 |
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Subsidiaries : |
·
Infotel Telecom Limited CIN No.:- U64204MH2011PLC213276 ·
Rancore Technologies
Private Limited CIN No.:- U74999MH2007PTC168562 |
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Fellow Subsidiaries : |
·
Reliance Industrial Investments And Holdings
Limited CIN No.:- U65910MH1986PLC041081 ·
Reliance Retail Limited CIN No.:- U01100MH1999PLC120563 ·
Reliance Digital Retail Limited CIN No.:- U70102MH2007PLC170415 ·
Reliance Leisures
Limited CIN No.:- U52100MH2007PLC175533 ·
Reliance Security Solutions Limited CIN No.:- U51109MH2008PLC185401 ·
Reliance Corporate IT Park Limited CIN No.: U74140MH2001PLC131458 ·
RESQ Limited
CIN No.: U52599MH2007PLC168275 ·
Reliance Footprint Limited CIN No.: U51101MH2007PLC171321 ·
Reliance Progressive Traders Private Limited CIN No.: U51100GJ2005PTC046466 ·
Reliance Eminent Trading and Commercial Private
Limited CIN No.: U51100GJ2005PTC046538 ·
Reliance PROLIFIC TRADERS PRIVATE LIMITED CIN No.: U51100GJ2005PTC046464 ·
Reliance Gems and Jewels Limited CIN No.: U25199MH1998PLC114011 |
CAPITAL STRUCTURE
As on 15.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29895000000 |
Equity Shares |
Rs.10/- each |
Rs. 298950.000 Millions |
|
130000000 |
Preference Shares |
Rs.10/- each |
Rs. 13000.000 Millions |
|
|
Total |
|
Rs. 300250.000 Millions |
Isued, Subscribed &
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22947000000 |
Equity Shares |
Rs.10/- each |
Rs.
229470.000 Millions |
|
125000000 |
Preference Shares |
Rs.
10/-each |
Rs.
1250.000 Millions |
|
|
Total |
|
Rs. 230720.000 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
230720.000 |
78222.000 |
51752.000 |
|
(b) Reserves & Surplus |
(273.900) |
(168.800) |
(111.300) |
|
(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) |
230446.100 |
78053.200 |
51640.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
142854.400 |
101448.200 |
96321.400 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
8071.200 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
2501.100 |
1439.000 |
|
Total Non-current Liabilities (3) |
150925.600 |
103949.300 |
97760.400 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
55.300 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
37611.500 |
5590.600 |
1691.000 |
|
(d) Short-term provisions |
71.300 |
14.300 |
3.700 |
|
Total Current Liabilities (4) |
37738.100 |
5604.900 |
1694.700 |
|
|
|
|
|
|
TOTAL |
419109.800 |
187607.400 |
151095.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
7101.600 |
2260.200 |
27.100 |
|
(ii) Intangible Assets |
10.700 |
1.400 |
1.600 |
|
(iii) Capital
work-in-progress |
140457.500 |
20140.200 |
1654.300 |
|
(iv)
Intangible assets under development |
196195.600 |
158636.900 |
148039.900 |
|
(b) Non-current Investments |
376.000 |
61.000 |
61.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
61032.100 |
3416.000 |
542.400 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
405173.500 |
184515.700 |
150326.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.600 |
81.100 |
55.600 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.300 |
0.400 |
0.300 |
|
(d) Cash and cash
equivalents |
374.600 |
14.200 |
11.200 |
|
(e) Short-term loans and
advances |
13560.800 |
2996.000 |
702.400 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
13936.300 |
3091.700 |
769.500 |
|
|
|
|
|
|
TOTAL |
419109.800 |
187607.400 |
151095.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.400 |
0.500 |
1.200 |
|
|
|
Other Income |
4.300 |
2.500 |
3.500 |
|
|
|
TOTAL |
4.700 |
3.000 |
4.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.400 |
|
|
|
Employees benefits expense |
24.700 |
21.100 |
20.400 |
|
|
|
Other expenses |
63.500 |
31.200 |
27.500 |
|
|
|
TOTAL
|
88.200 |
52.300 |
48.300 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(83.500) |
(49.300) |
(43.600) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.300 |
2.000 |
0.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(90.800) |
(51.300) |
(44.500) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.300 |
6.200 |
8.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(105.100) |
(57.500) |
(53.200) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(105.100) |
(57.500) |
(53.200) |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
NA |
NA
|
162.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.02) |
(0.01) |
(0.01) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(26275.00) |
(11500.00) |
(4433.33) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(20875.00) |
(9860.00) |
(3633.33) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.13) |
(0.66) |
(3.97) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
1.30 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.37 |
0.55 |
0.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
51752.000 |
78222.000 |
230720.000 |
|
Reserves & Surplus |
(111.300) |
(168.800) |
(273.900) |
|
Net
worth |
51640.700 |
78053.200 |
230446.100 |
|
|
|
|
|
|
long-term borrowings |
96321.400 |
101448.200 |
142854.400 |
|
Short term borrowings |
0.000 |
0.000 |
55.300 |
|
Total
borrowings |
96321.400 |
101448.200 |
142909.700 |
|
Debt/Equity
ratio |
1.865 |
1.300 |
0.620 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1.200 |
0.500 |
0.400 |
|
|
|
(58.333) |
(20.000) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1.200 |
0.500 |
0.400 |
|
Profit |
(53.200) |
(57.500) |
(105.100) |
|
|
(4433.33)% |
(11500.00)% |
(26275.00)% |
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] |
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 |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Non-convertible debentures banks |
10000.000 |
10000.000 |
|
Non-convertible debentures others |
10000.000 |
10000.000 |
|
Term Loans from Bank |
120379.000 |
81427.5000 |
|
Others loans and advance |
2410.900 |
0.000 |
|
Short Term
Borrowing |
|
|
|
Loans repayable on demand from banks |
55.300 |
0.000 |
|
Total |
142845.200 |
101427.500 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS:
·
Leasehold Improvement
·
Plant and Machinery
·
Office Equipment
·
Furniture and Fixture
·
ISP License Fee
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. 61.85 |
|
|
1 |
Rs. 96.72 |
|
Euro |
1 |
Rs. 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KLS |
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 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
79 |
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.