MIRA INFORM REPORT
|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL PAYMENTS CORPORATION OF INDIA |
|
|
|
|
Registered
Office : |
C-9, 8th Floor, Reserve Bank of India Building, Bandra-Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.12.2008 |
|
|
|
|
Com. Reg. No.: |
11-189067 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1000.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74990MH2008NPL189067 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN9852G |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business
: |
Retail Payment Systems. |
|
|
|
|
No. of Employees
: |
Information declined by Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established corporation having goo track. Financial position of the corporation is sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. The corporation 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE
Contact No.: 91-22-40508510
LOCATIONS
|
Registered Office : |
C-9, 8th Floor, Reserve Bank of India Building,
Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-26573150 |
|
Fax No.: |
91-22-26571001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Chennai Office : |
8th Level, VBC Solitaire, 47 and 49
Bazullah Road, T. Nagar, Chennai -
600017, Tamilnadu, India |
|
Tel. No.: |
91-44-28160700 |
|
Fax No.: |
91-44-28152815 |
|
|
|
|
Goregaon Branch Office 1 |
13th Floor, R- Tech 2, South Side, Nirlon Knowledge Park, Off Western Express Highway, Goregaon
(East), Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-40508500/ 40508510 |
|
Fax No.: |
91-22-40508650 |
|
|
|
|
Goregaon Branch Office 2: |
8th Floor R Tech Park Off Western Express Highway, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
|
Tel No.: |
91-22-40508510 |
DIRECTORS
(AS ON 23.09.2013)
|
Name : |
Mr.
Abhaya Prasad Hota |
|
Designation : |
Managing
Director |
|
Address : |
Flat
No. 401, Yash Laxmi, Subhash Road, Vile Parle (East), Mumbai- 400 057,
Maharashtra, India |
|
Date of Birth/Age : |
04.08.1956 |
|
Date of Appointment : |
23.08.2010 |
|
PAN No.: |
AABPH2998H |
|
DIN No.: |
02593219 |
|
|
|
|
Name : |
Mr.
Balachandran Muthusamy |
|
Designation : |
Chairman (w.e.f. 23.09.2013) |
|
Address : |
Flat
No. 2B, Revera Apartment No. 11, 4th Main Road Extension, Kottur Garden,
Chennai - 600 085, Tamilnadu, India |
|
Date of Birth/Age : |
01.05.1947 |
|
Date of Appointment : |
07.05.2009 |
|
DIN No.: |
00205358 |
|
|
|
|
Name : |
Mr.
Rajendra Kumar Saraf |
|
Designation : |
Nominee Director |
|
Address : |
D-2, Kinellan Tower, 100-A, Nepean Sea Road, Malabar Hill,
Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1954 |
|
Date of Appointment : |
21.08.2012 |
|
DIN No.: |
02730755 |
|
|
|
|
Name : |
Mr.
Kandikuppa Subrahmanyam |
|
Designation : |
Nominee Director |
|
Address : |
154-A,
Sealord Apartments, 117,Cuffe Parade, Mumbai - 400005, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1955 |
|
Date of Appointment : |
15.05.2013 |
|
DIN No.: |
06576376 |
|
|
|
|
Name : |
Mr.
Susanta Kumar Mohanty |
|
Designation : |
Nominee Director |
|
Address : |
Cottage B-8, Oberoi Apartments, Civil Lines, New Delhi – 110054, India
|
|
Date of Birth/Age : |
07.08.1957 |
|
Date of Appointment : |
27.09.2012 |
|
DIN No.: |
06386335 |
|
|
|
|
Name : |
Mr.
Bhavesh C. Zaveri |
|
Designation : |
Nominee director |
|
Address : |
202, Prabhukunj, Cooperative Housing Society, 5 Peddar Road, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1965 |
|
Date of Appointment : |
24.03.2009 |
|
DIN No.: |
01550468 |
|
|
|
|
Name : |
Mr.
Maninder Singh Juneja |
|
Designation : |
Nominee director |
|
Address : |
D-1002, May Fair Meridian, Ceasar Road, Amboli, Andheri (West), Mumbai
– 400058, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1966 |
|
Date of Appointment : |
15.05.2013 |
|
DIN No.: |
02680016 |
|
|
|
|
Name : |
Mr.
Navin Gupta |
|
Designation : |
Nominee Director |
|
Address : |
B-2501, Ashoka Towers, S S Rao Road, Parel, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
11.12.1974 |
|
Date of Appointment : |
14.09.2011 |
|
DIN No.: |
03535851 |
|
|
|
|
Name : |
Mr.
Debopama Sen |
|
Designation : |
Nominee
Director |
|
Address : |
La
Rochem, Flat No. 401, 4th Floor, Near Beams Hospital, 19th Road, Khar West,
Mumbai - 400052, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1973 |
|
Date of Appointment : |
25.07.2013 |
|
DIN No.: |
00002611 |
|
|
|
|
Name : |
Ms.
Deena Asit Mehta |
|
Designation : |
Director |
|
Address : |
17-A, Abhilasha Bldg., August Kranti Marg, Mumbai – 400036,
Maharashtra, India |
|
Date of Birth/Age : |
18.02.1961 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
00168992 |
|
|
|
|
Name : |
Mr.
Sowmyanarayanan Sadagopan |
|
Designation : |
Independent
Director |
|
Address : |
B-106, Purva Heights, Bannerghatta Road, Bangalore – 560076,
Karnataka, India |
|
Date of Birth/Age : |
02.04.1951 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
00118285 |
|
|
|
|
Name : |
Mr. Pradyuman Singh Rawat |
|
Designation : |
Nominee Director |
|
Address : |
No.6, Canara House, 1st Block, 1st Cross, (Near
Lalbagh Matenity Home), Jayanagar, Bengaluru – 560011, Karnataka, India |
|
Date of Birth/Age : |
16.05.1956 |
|
Date of Appointment : |
23.09.2013 |
|
DIN No.: |
06701854 |
KEY EXECUTIVES
|
Name : |
Mr.
Abhaya Prasad Hota |
|
Designation : |
Chief
Executive Officer |
|
|
|
|
Name : |
Mr.
Anjali Javeri |
|
Designation : |
Secretary
|
|
Address : |
3H,
31 Pearl, Kalpataru Aura, LBS Marg, Ghatkopar (West), Mumbai – 400086,
Maharashtra, India |
|
Date of Birth/Age : |
01.12.1976 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No.: |
ADZPJ1091J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 23.09.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
|
|
|
|
State
Bank of India, India |
|
1000000 |
|
Union
Bank of India, India |
|
1000000 |
|
Punjab
National Bank, India |
|
1000000 |
|
Canara
Bank, India |
|
1000000 |
|
Bank
of Baroda, India |
|
1000000 |
|
Bank
of India, India |
|
1000000 |
|
HDFC
Bank Limited, India |
|
1000000 |
|
ICICI Bank Limited, India |
|
1000000 |
|
Citi Bank N.A. |
|
1000000 |
|
HSBC Limited, India |
|
1000000 |
|
|
|
|
|
Total |
|
10000000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Nationalised or Other Banks |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retail Payment Systems. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by Management |
|
|
|
|
Bankers : |
· State Bank of India · Union Bank of India · Bank of India · ICICI Bank Limited · HDFC Bank Limited · Bank of Baroda · Punjab National Bank · Canara Bank · HSBC limited · Citi Bank N.A. |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah
and Savla Chartered Accountants |
|
Address : |
2nd Floor, RNJ Corporate Jawahar Road, Near Parakh
Hospital, Ghatkopar-East, Mumbai – 400077, Maharashtra, India |
|
PAN No.: |
AAAFM9008L |
CAPITAL STRUCTURE
(AS ON 23.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.100/- each |
Rs.3000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.100/- each |
Rs.1000.000
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 |
1000.000 |
600.000 |
600.000 |
|
(b) Reserves & Surplus |
950.918 |
641.356 |
386.561 |
|
(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) |
1950.918 |
1241.356 |
986.561 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
109.700 |
108.600 |
22.700 |
|
(c) Other long term
liabilities |
430.564 |
26.096 |
11.285 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
540.264 |
134.696 |
33.985 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
107.617 |
60.098 |
105.780 |
|
(c) Other
current liabilities |
194.044 |
56.521 |
8.716 |
|
(d) Short-term
provisions |
41.611 |
34.839 |
49.568 |
|
Total Current
Liabilities (4) |
343.272 |
151.458 |
164.064 |
|
|
|
|
|
|
TOTAL |
2834.454 |
1527.510 |
1184.610 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
465.959 |
543.128 |
205.797 |
|
(ii)
Intangible Assets |
230.005 |
201.166 |
14.343 |
|
(iii)
Capital work-in-progress |
39.061 |
42.337 |
7.127 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.980 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
25.896 |
56.194 |
6.475 |
|
Total Non-Current
Assets |
770.901 |
842.825 |
233.742 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
54.682 |
16.150 |
2.737 |
|
(d) Cash
and cash equivalents |
1932.995 |
621.018 |
913.044 |
|
(e)
Short-term loans and advances |
39.378 |
20.812 |
3.277 |
|
(f) Other
current assets |
36.498 |
26.705 |
31.810 |
|
Total
Current Assets |
2063.553 |
684.685 |
950.868 |
|
|
|
|
|
|
TOTAL |
2834.454 |
1527.510 |
1184.610 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1,362.748 |
992.299 |
710.829 |
|
|
|
Other Income |
131.855 |
85.517 |
53.278 |
|
|
|
TOTAL (A) |
1,494.603 |
1,077.816 |
764.107 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
272.931 |
191.103 |
80.847 |
|
|
|
Other expenses |
382.260 |
336.877 |
178.709 |
|
|
|
TOTAL (B) |
655.191 |
527.980 |
259.556 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
839.412 |
549.836 |
504.551 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.353 |
1.699 |
0.071 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
838.059 |
548.137 |
504.480 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
358.017 |
163.841 |
32.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
480.042 |
384.296 |
472.178 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
158.040 |
129.500 |
200.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
322.002 |
254.796 |
271.478 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
254.800 |
236.600 |
10.000 |
|
|
|
|
|
|
|
|
|
Add |
Technology and
Infrastructure Development Reserve Written back |
0.000 |
0.000 |
75.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
100.000 |
120.000 |
|
|
BALANCE CARRIED
TO THE B/S |
576.802 |
391.396 |
236.478 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
37.15 |
42.47 |
72.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
21.54 |
23.64 |
35.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
35.23 |
38.73 |
66.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.23 |
25.88 |
40.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.31 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.01 |
4.52 |
5.80 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
600.000 |
600.000 |
1000.000 |
|
Reserves & Surplus |
386.561 |
641.356 |
950.918 |
|
Net worth |
986.561 |
1241.356 |
1950.918 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from
Operations |
710.829 |
992.299 |
1,362.748 |
|
|
|
39.597 |
37.332 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
710.829 |
992.299 |
1,362.748 |
|
Profit |
271.478 |
254.796 |
322.002 |
|
|
38.19% |
25.68% |
23.63% |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
BUSINESS
The total income from operations
increased to Rs.1362.700 Millions from Rs.992.300 Millions in the previous
year, at a growth rate of 37.33%. Surplus before depreciation, taxes and
amortization amounted to Rs.838.100 Millions (56% of revenue) as against 54.81
crores (51% of revenue) in the previous year.
CORPORATE INFORMATION
Corporation was
incorporated as a public limited Company under Section 25 of the Companies Act,
1956 with the object to set up and implement the Retail Payment System in the
Country. The Company is authorized as a Payment System under The Payment and
Settlement Systems Act, 2007 by Reserve Bank of India. The main objective of
the Company is to consolidate and integrate multiple Retail Payment Systems in
to nation-wide uniform and standard business process and also to facilitate an
affordable payment mechanism to benefit the common man across the country and
promote financial inclusion.
The Share Capital has been
subscribed by 10 Promoter Banks comprising of 6 Public Sector Banks, 2 Private
Banks and 2 Foreign Banks.
The Company’s initiatives
in the Retail Payment System are in the form of providing National Financial
Switch (NFS), Cheque Truncation System (CTS), Immediate Payment Service (IMPS),
Card Scheme (RuPay), National Automated Clearing House (NACH), and Aadhar
Enabled Payment System (AEPS).
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer
· Other Equipments
· Leasehold Improvements
WEBSITE DETAILS:
BACKGROUND
Reserve Bank of India, after
setting up of the Board for Payment and Settlement Systems in 2005, released a
vision document incorporating a proposal to set up an umbrella institution for
all the Retail Payment Systems in the country. The core objective was to
consolidate and integrate the multiple systems with varying service levels into
nation-wide uniform and standard business process for all retail payment
systems. The other objective was to facilitate an affordable payment mechanism
to benefit the common man across the country and help financial inclusion.
IBA's untiring efforts during the
last few years helped turning this vision a reality. National
Payments Corporation of India (NPCI) was incorporated in December 2008 and the
Certificate of Commencement of Business was issued in April 2009. It has been
incorporated as a Section 25 company under Companies Act and is aimed to
operate for the benefit of all the member banks and their customers. The
authorized capital has been pegged at Rs.3000.000 Millions and paid up capital
is Rs.1000.000 Millions so that the company can create infrastructure of large
dimension and operate on high volume resulting payment services at fraction of
the present cost structure.
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.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.