MIRA INFORM REPORT
|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GATERE REAL ESTATE AND INFRASTRUCTURE ADVISORY SERVICES PRIVATE
LIMITED (w.e.f. 15.05.2013) |
|
|
|
|
Formerly Known
As : |
BNP PARIBAS REAL ESTATE AND INFRASTRUCTURE ADVISORY SERVICES PRIVATE LIMITED (w.e.f. 07.05.2009) ATISREAL REDWOODS PROPERTY SERVICES PRIVATE LIMITED (w.e.f. 11.04.2008) REDWOODS CONSTRUCTIONS (BANGALORE) PRIVATE LIMITED |
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Registered
Office : |
Unit No.306 B, III Floor, Naman Mid Town Building, Elphinstone West, Mumbai – 400013, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
21.02.2008 |
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Com. Reg. No.: |
08-226623 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U45200MH2008PTC226623 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Real Estate Consultant. |
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No. of Employees
: |
2 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 34100 |
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Status : |
Small company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Company has incurred loss from its operation in the year 2012. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for small to medium business dealings
with great caution. Note : BNP PARIBAS SA, France’s largest bank has sold its majority stake in
its Indian Real Estate Advisory unit to its local joint venture partner. Gatere
Investment Services, the Indian partner has bought BNP Paribas Real Estate
and Infrastructure Advisory Services Private Limited. |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 (GENERAL DETAILS)
|
Name : |
Mr. Shiv Kumar |
|
Designation : |
Consultant |
|
Contact No.: |
91-9731388412 |
|
Date : |
17.06.2014 |
LOCATIONS
|
Registered Office / Head Office
: |
Unit No.306 B, III Floor, Naman Mid Town Building, Elphinstone West, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9731388412 (Mr. Shiv Kumar ) |
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Fax No.: |
Not Available |
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E-Mail : |
madhuri.ankolekar@india-bnppre.com |
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Website : |
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Branch Office 1
: |
Prestige Tower, Recon Business Zone, Residency Road, Bangalore,
Karnataka, India |
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Tel. No.: |
91-80-49124013 |
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Branch Office : |
Located as
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DIRECTORS
AS ON 08.05.2013
|
Name : |
Mr. Raja Sukhraj Kaushal |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 422, Vikas Kunj Society, Vikas Puri, New Delhi – 110018,
India |
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Date of Birth/Age : |
12.06.1973 |
|
Date of Appointment : |
01.03.2008 |
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DIN No.: |
02032554 |
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Name : |
Mr. Parvinder Kaur Kaushal |
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Designation : |
Director |
|
Address : |
Flat No. 422, Vikas Kunj Society, Vikas Puri, New Delhi – 110018,
India |
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Date of Birth/Age : |
26.11.1976 |
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Date of Appointment : |
26.03.2013 |
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DIN No.: |
02032458 |
KEY EXECUTIVES
|
Name : |
Cs Dwarakanath C |
|
Designation : |
Company Secretory in Practice |
|
Address : |
No. 31, 3rd Floor, Rear Block, Opposite Karanji Anjaneya Temple,
Weat Anjaneya Temple Street, Bangalore – 560004, Karnataka, India |
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Tel. No.: |
91-80-41203012 |
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Email : |
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PAN No.: |
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|
Name : |
Mr. Shiv Kumar |
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Designation : |
Consultant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.05.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gatere Investment Services Private Limited, India |
|
75999999 |
|
Raja Sukhraj Kaushal |
|
1 |
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|
|
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Total |
|
76000000 |
AS ON 08.05.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
|
|
|
Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Consultant. |
GENERAL INFORMATION
|
No. of Employees : |
2 (Approximately) |
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Bankers : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Kalyaniwalla and Mistry Chartered Accountant |
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Address : |
No.102, 2nd Floor, Gangadhra Chetty Road, Bangalore –
560042, Karnataka, India |
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PAN.: |
AAAFK7554R |
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Holding Company : |
BNP Paribas Real Estate France |
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Ultimate Holding Company : |
BNP Paribas, France |
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Fellow Subsidiaries : |
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Associates Company : |
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CAPITAL STRUCTURE
AS ON 08.05.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76,000,000 |
Equity Shares |
Rs.1/- each |
Rs. 76.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76,000,000 |
Equity Shares |
Rs.1/- each |
Rs. 76.000 Millions |
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AS ON 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.1/- each |
Rs.1.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.1/- each |
Rs.1.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.000 |
1.000 |
|
(b) Reserves & Surplus |
|
7.525 |
67.944 |
|
(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) |
|
8.525 |
68.944 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.593 |
1.260 |
|
Total
Non-current Liabilities (3) |
|
1.593 |
1.260 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
33.818 |
0.000 |
|
(b) Trade payables |
|
0.769 |
8.843 |
|
(c) Other current liabilities |
|
3.008 |
0.883 |
|
(d) Short-term provisions |
|
1.767 |
14.327 |
|
Total
Current Liabilities (4) |
|
39.362 |
24.053 |
|
|
|
|
|
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TOTAL |
|
49.480 |
94.257 |
|
|
|
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II.
ASSETS |
|
|
|
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(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
|
2.479 |
3.362 |
|
(ii) Intangible Assets |
|
0.173 |
0.141 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.531 |
2.793 |
|
(d) Long-term Loan and Advances |
|
20.399 |
22.085 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
23.582 |
28.381 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
21.288 |
25.824 |
|
(d) Cash and cash equivalents |
|
0.022 |
34.804 |
|
(e) Short-term loans and
advances |
|
4.588 |
3.064 |
|
(f) Other current assets |
|
0.000 |
2.184 |
|
Total
Current Assets |
|
25.898 |
65.876 |
|
|
|
|
|
|
TOTAL |
|
49.480 |
94.257 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
119.450 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
120.450 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
120.450 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.609 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.785 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
33.728
|
|
|
Cash & Bank Balances |
|
|
53.294
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
14.421
|
|
Total
Current Assets |
|
|
101.443
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
42.122
|
|
|
Provisions |
|
|
0.772
|
|
Total
Current Liabilities |
|
|
42.894
|
|
|
Net Current Assets |
|
|
58.549
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
57.507 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
120.450 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
|
|
|
|
|
Income |
32.030 |
109.127 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
32.030 |
109.127 |
54.409 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
92.688 |
102.633 |
69.885 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(60.658) |
6.494 |
(15.476) |
|
|
|
|
|
|
|
Less |
TAX |
(0.239) |
0.493 |
(0.377) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(60.419) |
6.001 |
(15.099) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Towards Consultancy Services |
0.237 |
0.519 |
Nil |
|
|
TOTAL
EARNINGS |
0.237 |
0.519 |
Nil |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(60.42) |
6.00 |
(15.10) |
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
(188.63) |
5.50 |
(27.75)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(123.92) |
7.10 |
(14.37)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(7.115) |
0.094 |
(0.24)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
33.818 |
0.000 |
(0.13)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
2.74 |
2.36
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.000 |
1.000 |
|
Reserves & Surplus |
67.944 |
7.525 |
|
Net
worth |
68.944 |
8.525 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
33.818 |
|
Total
borrowings |
0.000 |
33.818 |
|
Debt/Equity
ratio |
0.000 |
3.967 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
54.409 |
109.127 |
32.030 |
|
|
|
100.568 |
(70.649) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
54.409 |
109.127 |
32.030 |
|
Profit After Tax |
(15.099) |
6.001 |
(60.419) |
|
|
(27.75%) |
5.50% |
(188.63%) |
LOCAL AGENCY FURTHER INFORMATION
DETAILS CURRENT MATURITIES OF LONG TERM DEBTS : 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 |
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 |
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 |
No |
|
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 |
No |
UNSECURED LOANS
|
PARTICULAR |
31.12.2012 (Rs.
in Millions) |
31.12.2011 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans on demand |
|
|
|
Bank Overdraft |
33.818 |
0.000 |
|
|
|
|
|
Total |
33.818 |
0.000 |
Note :
No Charges Exist for Company.
BUSINESS OPERATIONS AND PROSPECTS:
The Company has earned a total income Rs.32.030 millions and incurred total expenditure of Rs.92.686 millions for the year ended 31st December 2012 thereby incurring a loss of Rs.60.419 millions which has been carry forward to Balance Sheet, after providing for provision for taxation and deterred tax.
The Directors, however, are confident of good performance in the years to come.
FIXED ASSETS:
- Computer
- Furniture and Fixtures
- Office Equipments
- Motor Car
WEBSITE DETAILS
BNP PARIBAS REAL ESTATE SELLS ADVISORY BUSINESS IN INDIA
Bangalore: BNP Paribas SA, France’s largest bank, has sold
its majority stake in its Indian real estate advisory unit to its local joint
venture partner for an undisclosed amount. Raja Kaushal-promoted Gatere
Investment Services, the Indian partner, has bought BNP Paribas Real Estate’s
71% stake in BNP Paribas Real Estate and Infrastructure Advisory Services
Private Limited.
Raja Kaushal-promoted Gatere Investment Services, the Indian partner, has bought
BNP Paribas Real Estate’s 71% stake in BNP Paribas Real Estate and
Infrastructure Advisory Services Private Limited. “The company has changed its
name into Gatere Real Estate and Infrastructure Advisory Services Private
Limited and has become an exclusive alliance member of BNP Paribas Real Estate
Alliance Network,” said Kaushal. While BNP Paribas may not be present directly
for its India real estate business, the bank will exchange business leads for
transactions through its partnership with Gatere. “BNP follows the model of an
alliance network for its real estate advisory business in various countries
across the globe, and in some places it has direct presence,” said a person
familiar with the development.
In this case, it means that Gatere will service all global clients of BNP
Paribas Real Estate looking for advisory solutions in India. “In its strategic
plan, BNP Paribas RE (real estate) has decided to focus all means and
management attention on consolidating
its leadership position in Europe,” said a spokesperson of BNP Paribas India,
in an emailed response. “Outside Europe, BNP Paribas RE’s set up is now
composed of platforms dedicated to strengthening relationships with investors
investing in Europe.” “We are focused on opportunities in India through Gatere,
which is BNP Paribas RE’s exclusive alliance member in India,” the company
said. BNP Paribas Real Estate has 17 such alliance members across the world.
Gatere Real Estate will continue to be based out of Mumbai and will have
offices in Delhi and Bangalore. Its real estate advisory portfolio will
constitute of local businesses such as land transactions and capital markets.
“The company continues to provide the same services to property owners,
occupiers and investors in India,” Kaushal said.
“The biggest challenges for a start-up in this space is capital and real
estate-trained manpower. Also, the size of the real estate market is relatively
small in India to absorb many real estate service firms,” said Anshuman
Magazine, chairman and managing director, CBRE South Asia Private Limited
Property analysts also mentioned that the real estate servicing business is a
long-term game in India and anyone coming in now would need to invest money to
scale up and survive competition.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.60.37 |
|
UK Pound |
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.