|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRIME FOCUS TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor,
Building - H, Main Frame It Park, Royal Palms, Near Aarey Colony, Mumbai – 400065,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-179850 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 170.100 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2008PTC179850 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP25751F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP5895R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Digital Technological Solutions to the Sports, Film,
Broadcasting, Advertising and Media Industries. |
|
|
|
|
No. of Employees
: |
950 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1250000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Reserves of the company appears to be low. However, company has
performed well in the year 2013. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for 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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn Rs.400000
million from the bandwidth auction set for January. The merger and acquisition
guidelines, cleared by a group of ministers, will be out before the auction
begins so that players can make informed decisions on the auctions.
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 PARTED BY
|
Name : |
Mr. Murlidharan |
|
Designation : |
Senior Accounts Manager |
|
Contact No.: |
91-9004359099 |
|
Date : |
07.01.2014 |
LOCATIONS
|
Registered Office : |
2nd Floor, Building
- H, Main Frame It Park, Royal Palms, Near Aarey Colony, Mumbai – 400065,
Maharashtra, India |
|
Tel. No.: |
91-22-42095000 |
|
Mobile No.: |
91-9004359099 (Mr. Murlidharan) |
|
Fax No.: |
91-22-42095001 |
|
E-Mail : |
parina.sanghavi@primefocusworld.com
jayee.srinivasan@primefocusworld.com |
|
Website : |
|
|
Area : |
15000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
True North, Plot No. 63, Road No. 13 MIDC, Andheri (East) Mumbai - 400093, Maharashtra, India |
|
Tel No.: |
91-22-61785555 |
|
E-Mail : |
|
|
Area : |
1 Lac Sq. ft |
|
Location : |
Rented |
|
|
|
|
Branch Offices : |
Located at: Shubam
Complex, # 45/B , 3rd Floor, Front Wing, Sarakki Industrial Layout, J P
Nagar, 3rd Phase, Bangalore – 560078, Karnataka, India Tel No.: 91-80-31922232 Bannerghatta
Office, 2nd Floor, Janardhan Towers, No 562/640 Bannerghatta Road, Before
Kalyani Motors and State Bank of Mysore, Bilekahalli, Bangalore – 560076,
Karnataka, India Tel No.: 91-80-31922231 |
|
|
|
|
International Offices : |
Located at: · 58 Old Compton Street, London W1D 4UF +44 (0)20 7437 2626 345
Hudson Street, 13th Floor, New York NY 10014 +1 212 292 3333 Prime
Focus House, 1800 N. Vine Street, Hollywood, California 90028 +1 323 461 7887 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ramakrishnan Sankaranarayanan |
|
Designation : |
Director |
|
Address : |
219, Phase – I,
Palm Meadows, Airport, Varthur Road, Rg. Halli, Bangalore - 560066,
Karnataka, India |
|
Date of Birth/Age : |
14.10.1970 |
|
Date of Appointment : |
01.04.2008 |
|
PAN No.: |
AALPR6472J |
|
DIN No.: |
02696897 |
|
|
|
|
Name : |
Mr. Ganesh Sankaran |
|
Designation : |
Whole-time director |
|
Address : |
39/66, I E Cross,
Remco Laoput, Vijaynagar, Bangalore - 560040, Karnataka, India |
|
Date of Birth/Age : |
28.12.1970 |
|
Date of Appointment : |
01.04.2008 |
|
PAN No.: |
ABYPS2129M |
|
DIN No.: |
02696913 |
|
|
|
|
Name : |
Mr. Rivkaran Singh Chadha |
|
Designation : |
Director |
|
Address : |
5, Kaushal
Building, 12th Road, Opposite Indian Bank, Juhu Scheme, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1976 |
|
Date of Appointment : |
02.02.2013 |
|
DIN No.: |
00308288 |
KEY EXECUTIVES
|
Name : |
Mr. Prateek Mahesh Savla |
|
Designation : |
Secretary |
|
Address : |
E/212, Shram Saphalya, Sheetal Nagar, Mira Road (East),
Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1988 |
|
Date of Appointment : |
02.02.2013 |
|
PAN No.: |
BLSPS4401H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ramakrishnan Sankaranarayanan |
|
221602 |
|
Anshul Doshi |
|
55275 |
|
Nishant Fadia |
|
59798 |
|
Rohan Desai |
|
50250 |
|
Ganesh Sankaran |
|
70350 |
|
Atul Saxena |
|
15075 |
|
Sanjeev Nayak |
|
10050 |
|
Chandar Muthukrishnan |
|
10050 |
|
Prime Focus Limited, India |
|
1517550 |
|
|
|
|
|
Total |
|
2010000 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Prime Focus Limited, India |
|
15000000 |
|
|
|
|
|
Total |
|
15000000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
75.50 |
|
Directors
or relatives of directors |
14.52 |
|
Others |
9.98 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Digital Technological Solutions to the Sports, Film,
Broadcasting, Advertising and Media Industries. |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Equipments |
||||
|
Countries : |
· Singapore New
York UK
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C and DP |
GENERAL INFORMATION
|
Suppliers : |
Bytes Technologies Private Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Corporates · Star India Private Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
950 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Total Facility : Rs. 550.000 Millions (From Kotak Mahindra Bank Limited)
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre,
Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai –
400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFD2337G |
|
|
|
|
Subsidiary company
: |
· Prime Focus Technologies, Inc. (with effect from 31st March, 2013) Prime
Focus Technologies UK Limited |
|
|
|
|
Holding company : |
Prime Focus Limited [L92100MH1997PLC108981] |
|
|
|
|
Fellow Subsidiaries
: |
· Prime Focus London Plc Prime
Focus North America Inc Prime
Focus World N.V. |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
15,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.100
Millions |
|
15,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 150.000
Millions |
|
|
Total |
|
Rs. 170.100 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
170.100 |
170.100 |
|
(b) Reserves & Surplus |
|
143.330 |
47.379 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
313.430 |
217.479 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
243.503 |
66.361 |
|
(b) Deferred tax liabilities (Net) |
|
52.305 |
21.598 |
|
(c) Other long
term liabilities |
|
95.476 |
0.000 |
|
(d) long-term
provisions |
|
3.951 |
1.508 |
|
Total Non-current
Liabilities (3) |
|
395.235 |
89.467 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
55.789 |
49.981 |
|
(b)
Trade payables |
|
161.035 |
71.828 |
|
(c)
Other current liabilities |
|
196.736 |
37.909 |
|
(d) Short-term
provisions |
|
0.019 |
0.000 |
|
Total Current
Liabilities (4) |
|
413.579 |
159.718 |
|
|
|
|
|
|
TOTAL |
|
1122.244 |
466.664 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
230.853 |
117.148 |
|
(ii)
Intangible Assets |
|
163.966 |
93.153 |
|
(iii)
Capital work-in-progress |
|
205.004 |
4.040 |
|
(iv)
Intangible assets under development |
|
63.411 |
39.121 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
142.325 |
53.640 |
|
(e) Other
Non-current assets |
|
6.324 |
29.996 |
|
Total Non-Current
Assets |
|
811.883 |
337.098 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
224.613 |
93.775 |
|
(d) Cash
and cash equivalents |
|
34.643 |
16.997 |
|
(e)
Short-term loans and advances |
|
31.737 |
16.686 |
|
(f)
Other current assets |
|
19.368 |
2.108 |
|
Total
Current Assets |
|
310.361 |
129.566 |
|
|
|
|
|
|
TOTAL |
|
1122.244 |
466.664 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
26.216 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
26.316 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
24.731 |
|
|
2] Unsecured Loans |
|
|
85.324 |
|
|
TOTAL BORROWING |
|
|
110.055 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.531 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
137.902 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
38.216 |
|
|
Capital work-in-progress |
|
|
64.035 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
57.847 |
|
|
Cash & Bank Balances |
|
|
19.526 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
24.112 |
|
Total
Current Assets |
|
|
101.485 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.716 |
|
|
Other Current Liabilities |
|
|
64.118 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
65.834 |
|
|
Net Current Assets |
|
|
35.651 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
137.902 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
665.742 |
313.237 |
109.868 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
509.664 |
252.007 |
84.159 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
156.078 |
61.230 |
25.709 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
60.127 |
20.067 |
0.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
95.951 |
41.163 |
24.891 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
47.379 |
26.216 |
1.325 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS
ISSUE OF BONUS SHARES |
0.000 |
20.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
143.330 |
47.379 |
26.216 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Technical Service receipts |
98.033 |
6.245 |
6.445 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
47.74 |
20.48 |
2489.15 |
|
|
|
Diluted
|
5.64 |
20.07 |
2489.15 |
|
Expected Sales (2013-2014): Rs. 1000.000 Millions
The above information has been parted by Mr. Murlidharan (Senior
Accounts Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
14.41
|
13.14 |
22.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.28
|
14.46 |
18.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50
|
0.28 |
0.98 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.95
|
0.53 |
4.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
0.81 |
1.54 |
LOCAL AGENCY FURTHER INFORMATION
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 |
73.923 |
0.000 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10378453 |
09/12/2013 * |
650,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B92265602 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
0.000 |
49.981 |
|
|
|
|
|
Total |
0.000 |
49.981 |
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from Prime Focus House,
Linking Road, Opposite Citi Bank, Khar [West], Mumbai – 400052, Maharashtra,
India to the present w.e.f. 01.10.2010.
CORPORATE
INFORMATION
Subject is engaged in the business of providing digital technological
solutions to the sports, film, broadcasting, advertising and media industries.
OPERATION AND PERFORMANCE REVIEW
During the year, the Company’s overall financial performance
significantly improved on all fronts as compared to the previous year. Total
Income during the year was Rs. 665.742 Millions as compared to Rs. 313.237
Millions in the previous year, registering a growth of 112.54%. The Net Profit
after Tax was Rs. 95.951 Millions as compared to Rs. 41.163 Millions in the
previous year registering a growth of 133.10%.
TRADE REFERENCES:
· Bytes Technologies Private Limited
Star
India Private Limited
FIXED ASSETS:
·
Plant and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
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. 62.33 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 84.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.