MIRA
INFORM REPORT
|
Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
THE BOSTON CONSULTING GROUP (INDIA) PRIVATE LIMITED (w.e.f.
17.05.2002) |
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Formerly Known
As : |
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Registered
Office : |
14th Floor, Nariman Bhavan, 227, Nariman Point, Mumbai – 400021, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.04.1996 |
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Com. Reg. No.: |
11-099037 |
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Capital Investment
/ Paid-up Capital : |
Rs.50.000
Millions |
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CIN No.: [Company Identification
No.] |
U74140MH1996PTC099037 |
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PAN No.: [Permanent Account No.] |
AABCB3524G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject engaged in the business of rendering strategy
consulting services. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company seem to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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 DENIED BY
|
Name : |
Mr. Shailesh Dolar |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-67497000 |
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Date : |
30.07.2014 |
LOCATIONS
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Registered Office : |
14th Floor, Nariman Bhavan, 227, Nariman Point, Mumbai –
400021, |
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Tel. No.: |
91-22-67497000 |
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Fax No.: |
91-22-67497001 |
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E-Mail : |
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Website : |
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19th Floor, Tower C, Building No.10, |
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Tel. No.: |
91-124-4597000 |
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Fax No.: |
91-124-4597001 |
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Chennai Office : |
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Tel. No.: |
91-44-66001680 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Arindam Kumar Bhattacharya |
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Designation : |
Managing director |
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Address : |
W-64, Greater Kailash - I, |
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Date of Birth/Age : |
04.03.1962 |
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Date of Appointment : |
12.03.2008 |
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DIN No.: |
01570746 |
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PAN No.: |
AEFPB4416C |
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Name : |
Mr. Sharad Verma |
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Designation : |
Director |
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Address : |
60, |
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Date of Birth/Age : |
01.11.1975 |
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Date of Appointment : |
03.04.2009 |
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DIN No.: |
00368587 |
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PAN No.: |
ACHPV0634Q |
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Name : |
Mr. Janmejaya Kumar Sinha |
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Designation : |
Director |
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Address : |
41, Vasant Vihar, 85, |
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Date of Birth/Age : |
12.09.1959 |
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Date of Appointment : |
02.06.2003 |
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DIN No.: |
00837489 |
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PAN No.: |
AKKPS1544D |
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Name : |
Mr. Alpesh Babubhai Shah |
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Designation : |
Director |
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Address : |
2903, Tower A, |
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Date of Birth/Age : |
03.10.1970 |
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Date of Appointment : |
12.04.2007 |
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DIN No.: |
01492074 |
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PAN No.: |
AAYPS0592D |
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Name : |
Mr. Vikram Bhalla |
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Designation : |
Director |
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Address : |
A/ 1101,10th Floor, |
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Date of Birth/Age : |
14.10.1972 |
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Date of Appointment : |
12.04.2007 |
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DIN No.: |
01492081 |
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PAN No.: |
AAIPB1149B |
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Name : |
Mr. Neeraj Aggarwal |
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Designation : |
Director |
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Address : |
D/603, Nagarjuna Apartment, Mayur Vihar, Phase I,
Delhi-96, |
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Date of Birth/Age : |
18.07.1971 |
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Date of Appointment : |
12.03.2008 |
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DIN No.: |
01570743 |
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PAN No.: |
AABPA9462F |
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Name : |
Mr. Saurabh Tripathi |
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Designation : |
Director |
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Address : |
8, |
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Date of Birth/Age : |
17.12.1975 |
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Date of Appointment : |
12.03.2008 |
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DIN No.: |
01660422 |
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PAN No.: |
ABOPT1080A |
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Name : |
Mr. Abheek Singhi |
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Designation : |
Director |
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Address : |
122, |
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Date of Birth/Age : |
20.07.1973 |
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Date of Appointment : |
12.03.2008 |
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DIN No.: |
01773320 |
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PAN No.: |
ARBPS9783Q |
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Name : |
Mr. Arvind Subramanian |
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Designation : |
Director |
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Address : |
Bl-303, |
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Date of Birth/Age : |
14.04.1973 |
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Date of Appointment : |
03.04.2009 |
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DIN No.: |
02551935 |
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PAN No.: |
AMSPS3870N |
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Name : |
Mr. Bart Janssens |
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Designation : |
Director |
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Address : |
3-C, 3rd Floor, |
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Date of Birth/Age : |
18.05.1973 |
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Date of Appointment : |
13.01.2011 |
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DIN No.: |
02551973 |
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PAN No.: |
AFOPJ6741C |
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Name : |
Mr. Ashish Krishnaswamy Iyer |
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Designation : |
Director |
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Address : |
8, Bhagwan Apartments, 12, A. G. Khan Road, Worli Seaface, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
09.11.1974 |
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Date of Appointment : |
03.04.2009 |
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DIN No.: |
02559048 |
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PAN No.: |
AACPI9907Q |
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Name : |
Mr. Rishab Gulshan |
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Designation : |
Director |
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Address : |
A-53, LajpatNagar-2, New Delhi-110024, |
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Date of Birth/Age : |
06.06.1977 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03389149 |
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PAN No.: |
AIVPG7851N |
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Name : |
Mr. Ravi Srivastava |
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Designation : |
Director |
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Address : |
N-33, |
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Date of Birth/Age : |
20.11.1976 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03389162 |
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PAN No.: |
ASGPS3559N |
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Name : |
Mr. Kaustav Mukherjee |
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Designation : |
Director |
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Address : |
22, Ground Floor, NRI Complex, Mandakini Greater Kailash,
- IV, New Delhi-110019, |
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Date of Birth/Age : |
23.10.1962 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03391641 |
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PAN No.: |
AIIPM2336B |
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Name : |
Mr. Ashish Garg |
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Designation : |
Director |
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Address : |
C-2/2054, Vasant Kunj, New Delhi-110070, |
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Date of Birth/Age : |
01.07.1973 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03392168 |
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PAN No.: |
AFFPG2621D |
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Name : |
Mr. Rohit Vohra |
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Designation : |
Director |
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Address : |
303, Neel Mahal, 25«' road, Bandra (West), Mumbai –
400050, Maharashtra, |
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Date of Birth/Age : |
23.01.1973 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03400586 |
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PAN No.: |
ADAPV7364B |
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Name : |
Mr. Rahul Jain |
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Designation : |
Director |
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Address : |
Flat No B/505/506, 5th Floor, |
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Date of Birth/Age : |
30.08.1976 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03400732 |
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PAN No.: |
ACQPJ8760Q |
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Name : |
Mr. Sachin Rajkumar Nandgaonkar |
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Designation : |
Director |
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Address : |
Apartment No # B202 The Ivy, A - Block, Sushant Lok-1,
Gurgaon – 122009, |
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Date of Birth/Age : |
04.12.1969 |
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Date of Appointment : |
11.02.2011 |
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DIN No.: |
03410739 |
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PAN No.: |
AACPN5816F |
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Name : |
Mr. Amitabh Ramesh Chandra Mall |
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Designation : |
Additional director |
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Address : |
Strata IV # 901, Planet Godrej, 30 Keshavrao Khadey Marg,
Mahalaxmi, Mumbai – 400011, |
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Date of Birth/Age : |
30.12.1978 |
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Date of Appointment : |
25.06.2012 |
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DIN No.: |
03630884 |
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Name : |
Mr. Bharat Poddar |
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Designation : |
Director |
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Address : |
B-2307, Ashok Towr, Opposite ITC Grand Central, parel,
Mumbai – 400012, |
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Date of Birth/Age : |
05.01.1973 |
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Date of Appointment : |
25.06.2012 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
BCG Holding Corporation, |
|
4999999 |
|
BCG Subsidiary Holding International Inc., |
|
1 |
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20279351_MIRA%2031-Jul-2014_files/image005.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of rendering strategy
consulting services. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information denied by management |
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Bankers : |
Not Divulged |
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Facilities : |
Notes: Loan
from bank is secured by a corporate gurantee executed by The Boston
Consulting Group, Inc. USA in favor of The Royal Bank of ScotlandN.V. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Lovelock and Lewes, 252 Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai- 400028, Maharashtra, India |
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PAN No.: |
AAEFP5579P |
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Holding company: |
· BCG Holding Corporation, USA |
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Ultimate Holding
Company: |
· The Boston Consulting Group Inc., USA |
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Subsidiary
Company : |
·
The Boston Consulting Group, Denmark |
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Fellow Subsidiary
company: |
· The Boston Consulting Group Limited, UK LLP · The Boston Consulting Group GmbH, Germany · The Boston Consulting Group K.K., Japan · The Boston Consulting Group Pte. Limited, Singapore · The Boston Consulting Group of Canada Limited · The Boston Consulting Group Pty. Limited, Australia · The Boston Consulting Group, AG (Switzerland) · The Boston Consulting Group, Dubai · The Boston Consulting Group (Austria) GmbH · The Boston Consulting Group Belgium S.A · The Boston Consulting Group (Brasil) Ltda · The Boston Consulting Group Chile Limitada, Chille · Boston Consulting (Shanghai) Company Limited · The Boston Consulting Group, S.R.O. · The Boston Consulting Group, Finland · PT Boston Consulting Indonesia · The Boston Consulting Group Limited · The Boston Consulting Group SRL · The Boston Consulting Group International Inc · The Boston Consulting Group Sdn. Bhd · The Boston CG of Mexico, S. A.de C.V. · The Boston Consulting Group, Netherlands · The Boston Consulting Group Pty. Limited · The Boston Consulting Group, Norway · The Boston Consulting Group, Sp. z o.o. · The Boston Consulting Group, Morocco · The Boston Consulting Group Limited., Russia · The Boston Consulting Group, Limitada · The Boston Consulting Group RSA (Pty) Limited · The Boston Consulting Group S.L. · The Boston Consulting Group Nordic AB · The Boston Consulting Group (Greater China) LLC · The Boston Consulting Group (Thailand) Limited · The Boston Consulting Group Danismanlik Hizmetleri Limited Sirketi · Limited Liability Company Boston Consulting Group Ukraine · The Boston Consulting Group, Argentina · The Boston Consulting Group, Seoul · The Boston Consulting Group, Abu Dhabi · The Boston Consulting Group, New York · The Boston Consulting Group, San Francisco · The Boston Consulting Group, Washington DC |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6600000 |
Equity Shares |
Rs.10/- each |
Rs.66.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
419.119 |
305.515 |
358.367 |
|
(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) |
469.119 |
355.515 |
408.367 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
756.774 |
488.846 |
355.842 |
|
(d) long-term provisions |
67.747 |
50.092 |
23.527 |
|
Total Non-current Liabilities (3) |
824.521 |
538.938 |
379.369 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
114.311 |
88.951 |
0.000 |
|
(b) Trade payables |
29.831 |
6.220 |
9.451 |
|
(c) Other current
liabilities |
1,034.675 |
1,063.388 |
778.244 |
|
(d) Short-term provisions |
89.045 |
73.269 |
46.200 |
|
Total Current Liabilities (4) |
1,267.862 |
1,231.828 |
833.895 |
|
|
|
|
|
|
TOTAL |
2,561.502 |
2,126.281 |
1,621.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
307.577 |
196.532 |
39.538 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
6.036 |
40.739 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
430.127 |
304.474 |
230.330 |
|
(d) Long-term Loan and Advances |
517.646 |
521.103 |
435.012 |
|
(e) Other Non-current assets |
0.899 |
17.285 |
1.124 |
|
Total Non-Current Assets |
1,262.285 |
1,080.133 |
706.004 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1,144.741 |
848.759 |
576.196 |
|
(d) Cash and cash
equivalents |
17.458 |
70.315 |
236.469 |
|
(e) Short-term loans and
advances |
64.491 |
107.389 |
81.660 |
|
(f) Other current assets |
72.527 |
19.685 |
21.302 |
|
Total Current Assets |
1,299.217 |
1,046.148 |
915.627 |
|
|
|
|
|
|
TOTAL |
2,561.502 |
2,126.281 |
1,621.631 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
PROFESSIONAL
CHARGES |
3459.570 |
2345.789 |
2138.310 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
539.137 |
76.995 |
269.667 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
107.521 |
33.283 |
27.355 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
431.616 |
43.712 |
242.312 |
|
|
|
|
|
|
|
Less |
TAX |
318.011 |
96.565 |
128.500 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
113.605 |
(52.853) |
113.812 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
803.448 |
580.105 |
472.442 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.72 |
(10.57) |
22.76 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.31 |
2.45 |
17.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.92 |
0.12 |
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.24 |
0.25 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
0.85 |
1.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
358.367 |
305.515 |
419.119 |
|
Net
worth |
408.367 |
355.515 |
469.119 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
88.951 |
114.311 |
|
Total
borrowings |
0.000 |
88.951 |
114.311 |
|
Debt/Equity
ratio |
0.000 |
0.250 |
0.244 |
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LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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 |
No |
|
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 |
GENERAL INFORMATION
The Company is a wholly owned subsidiary of BCG Holding
Corporation, USA. The Company commenced its operations in May 2000. BCG India
is engaged in the business of rendering strategy consulting services.
FINANCIAL RESULTS:
During the year the Company has received Professional Charges of Rs.3459.571 Millions and the Company has earned a Net Profit of Rs.113.605 Millions after providing for depreciation of Rs.107.521 Millions and provision for taxation of Current year as well as tax Adjustment of previous years amounting to Rs.192.358 Millions and Deferred Tax adjustment of Rs.125.653 Millions.
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 records 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.60.15 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.