MIRA
INFORM REPORT
|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
CREDIT INFORMATION BUREAU ( |
|
|
|
|
Registered
Office : |
Hoechest House, 6th Floor,193 Backbay Reclamation, Nariman
Point, Mumbai – 400021, |
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128359 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.250.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2000PLC128359 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC08180E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8003B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Provide Credit Information Reports. |
|
|
|
|
No. of Employees
: |
Information denied by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having fine track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 DENIED
|
Name : |
Mr. Vaibhav |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-66384666 |
|
Date : |
14.03.2014 |
LOCATIONS
|
Registered Office / Corporate Office : |
Hoechest House, 6th Floor,193 Backbay Reclamation, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-66384666/ 61404300/ 66384600 |
|
Fax No.: |
91-22-66384666 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 09.07.2013
|
Name : |
Mr. Arun Thukral |
|
Designation : |
Managing Director |
|
Address : |
5-S, Pemino, 2nd Floor, S.K. Barodawala Marg (Altamount Road) Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1953 |
|
Date of Appointment : |
01.12.2006 |
|
DIN No.: |
00974749 |
|
|
|
|
Name : |
Mrs. Renu Sud Karnad |
|
Designation : |
Director |
|
Address : |
Bb-14, Greater Kailash Enclave, Part II, New Delhi – 110048, India |
|
Date of Birth/Age : |
03.09.1952 |
|
Date of Appointment : |
20.02.2001 |
|
DIN No.: |
00008064 |
|
|
|
|
Name : |
Teresa S Mccafferty |
|
Designation : |
Director |
|
Address : |
1533 Placer Court, Naperville, Illinois 60565, USA |
|
Date of Birth/Age : |
16.06.1955 |
|
Date of Appointment : |
31.05.2010 |
|
DIN No.: |
02301006 |
|
|
|
|
Name : |
Mr. Sridhar Iyer Subramanian |
|
Designation : |
Director |
|
Address : |
B-304, 3rd
Floor, Kaveri Chs, Next To Rbi Quarters, Chembur, Mumbai – 400021,
Maharashtra, India |
|
Date of Birth/Age : |
12.12.1970 |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
02682546 |
|
|
|
|
Name : |
Mr. Vishwanathan Mavila Nair |
|
Designation : |
Director |
|
Address : |
1902 A, Vivaria, Hindustan Mills Compound, Mahalaxmi, Satrasta,
Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1952 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
02284165 |
|
|
|
|
Name : |
Mr. Maninder Singh Juneja |
|
Designation : |
Director |
|
Address : |
D-1002, Mayfair
Meridian, Ceaser Road, Amboli, Andheri (West), Mumbai - 400051, Maharashtra, India |
|
Date of Birth/Age : |
31.03.1966 |
|
Date of Appointment : |
23.08.2012 |
|
DIN No.: |
02680016 |
|
|
|
|
Name : |
Mr. Uday Sankar Roy |
|
Designation : |
Director |
|
Address : |
A-1, Hemantika, 54, Hemanta Mokhopadhyay Sarani, Kolkata, West Bengal,
India |
|
Date of Birth/Age : |
24.07.1949 |
|
Date of Appointment : |
19.11.2012 |
|
DIN No.: |
00424332 |
|
|
|
|
Name : |
Mr. Rajkumar Gopalakrishnan |
|
Designation : |
Director |
|
Address : |
Gayathri, Thottakkattukara, Aluva, Kerala, India |
|
Date of Birth/Age : |
05.05.1955 |
|
Date of Appointment : |
19.11.2012 |
|
DIN No.: |
06428751 |
|
|
|
|
Name : |
Mrs. Indira Padmini |
|
Designation : |
Director |
|
Address : |
Flat no. 13, Narayan Arihant Towers, Wallajah Road, Chennai,
Tamilnadu, India |
|
Date of Birth/Age : |
04.05.1956 |
|
Date of Appointment : |
12.02.2013 |
|
DIN No.: |
06495106 |
KEY EXECUTIVES
|
Name : |
Mrs. Swati Naik |
|
Designation : |
Secretary |
|
Address : |
306, Madhuvan CHSL, Gorai Shimpoli Road, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1979 |
|
Date of Appointment : |
03.03.2010 |
|
PAN No.: |
AQSPS6921Q |
MAJOR SHAREHOLDERS
As on 09.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Trans Union International Inc.,
USA |
|
2500000 |
|
Bank of India, India |
|
1250000 |
|
Bank of Baroda, India |
|
1250000 |
|
Central Bank of India, India |
|
1250000 |
|
Citicorp Finance India Limited, India |
|
1250000 |
|
Housing Development Finance Corporation Limited, India |
|
1250000 |
|
ICICI Bank Limited, India |
|
2500000 |
|
Indian Overseas Bank, India |
|
1250000 |
|
Punjab National Bank, India |
|
1250000 |
|
State Bank of India, India |
|
2500000 |
|
Standard Chartered Bank, India |
|
1250000 |
|
Sundaram Finance Limited, India |
|
625000 |
|
The Hongkong and Sanghai Banking Corporation Limited, India |
|
1250000 |
|
Union Bank of India, India |
|
1250000 |
|
Trans Union International Inc., USA |
|
4375000 |
|
Total |
|
25000000 |
Equity Share Break up (Percentage of Total Equity)
As on 09.07.2013
|
Category |
Percentage |
|
Nationalised and
other banks |
60.00 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
27.50 |
|
Bodies corporate |
12.50 |
|
Total |
100.00 |
%20LIMITED%20-%20258474_MIRA%2014-Mar-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Provide Credit Information Reports. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management. |
|
|
|
|
Bankers : |
State Bank of India, Raheja Tower, Mumbai, Maharashtra, India |
|
|
|
|
Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th, India Bulls Finance Centre, Elphistone Mill
Compound, Senapati Bapat Marg, Elphistone West, Mumbai – 400013, Maharashtra,
India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Related Parties : |
Transunion International Inc., USA |
CAPITAL STRUCTURE
As on 09.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 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 |
250.000 |
250.000 |
250.000 |
|
(b) Reserves & Surplus |
1,189.552 |
949.703 |
682.788 |
|
(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) |
1,439.552 |
1,199.703 |
932.788 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
15.217 |
16.503 |
21.595 |
|
(c) Other long term liabilities |
0.042 |
6.002 |
9.645 |
|
(d) long-term provisions |
50.050 |
37.190 |
23.631 |
|
Total Non-current Liabilities (3) |
65.309 |
59.695 |
54.871 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
111.653 |
80.606 |
74.805 |
|
(c) Other current
liabilities |
23.640 |
19.540 |
47.759 |
|
(d) Short-term provisions |
83.880 |
85.763 |
47.929 |
|
Total Current Liabilities (4) |
219.173 |
185.909 |
170.493 |
|
|
|
|
|
|
TOTAL |
1,724.034 |
1,445.307 |
1,158.152 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
101.361 |
110.101 |
117.634 |
|
(ii) Intangible Assets |
99.933 |
93.082 |
79.630 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
10.863 |
8.504 |
|
(b) Non-current Investments |
120.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
142.101 |
152.030 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
50.973 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
463.395 |
366.076 |
256.741 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
62.500 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
197.855 |
135.504 |
96.235 |
|
(d) Cash and cash
equivalents |
928.234 |
893.381 |
682.952 |
|
(e) Short-term loans and
advances |
115.974 |
37.526 |
17.073 |
|
(f) Other current assets |
18.576 |
12.820 |
42.651 |
|
Total Current Assets |
1,260.639 |
1,079.231 |
901.411 |
|
|
|
|
|
|
TOTAL |
1,724.034 |
1,445.307 |
1,158.152 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,304.041 |
1,034.503 |
758.117 |
|
|
|
|
Other Income |
119.523 |
81.661 |
48.489 |
|
|
|
|
TOTAL (A) |
1,423.564 |
1,116.164 |
806.606 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Employee Benefits Expenses |
189.518 |
167.662 |
122.043 |
|
|
|
|
Other Expenses |
491.565 |
410.152 |
309.837 |
|
|
|
|
TOTAL (B) |
681.083 |
577.814 |
431.880 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
742.481 |
538.350 |
374.726 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
1.175 |
1.211 |
1.220 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
741.306 |
537.139 |
373.506 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
83.461 |
55.522 |
49.720 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
657.845 |
487.419 |
373.506 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
214.220 |
156.591 |
108.867 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
443.625 |
378.552 |
373.506 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
925.326 |
682.788 |
496.925 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
NA |
24.377 |
0.000 |
|
|
|
|
Proposed equity dividend |
NA |
50.000 |
25.000 |
|
|
|
|
Tax on proposed equity dividend |
NA |
8.111 |
4.056 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
925.326 |
682.788 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
17.74 |
13.00 |
8.60 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
31.16 |
33.92 |
46.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
50.45 |
47.12 |
49.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
45.00 |
38.01 |
32.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46 |
0.41 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.75 |
5.81 |
5.29 |
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 |
250.000 |
250.000 |
250.000 |
|
Reserves & Surplus |
682.788 |
949.703 |
1189.552 |
|
Net
worth |
932.788 |
1199.703 |
1439.552 |
|
|
|
|
|
|
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 |
%20LIMITED%20-%20258474_MIRA%2014-Mar-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
758.117 |
1,034.503 |
1,304.041 |
|
|
|
36.457 |
26.055 |
%20LIMITED%20-%20258474_MIRA%2014-Mar-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
758.117 |
1,034.503 |
1,304.041 |
|
Profit |
373.506 |
378.552 |
443.625 |
|
|
49.27% |
36.59% |
34.02% |
%20LIMITED%20-%20258474_MIRA%2014-Mar-2014_files/image008.gif)
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 |
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 |
BUSINESS
HIGHLIGHTS:
The key highlights of the year for the business in various areas are
explained below.
I.
Bureau Operations
In the year 2012-13, focus was laid on-
1.
Accuracy and timeliness of delivery,
2.
Enhanced checks and thresholds built to restrict
the upload of incorrect data fields,
3.
Focus on Data Quality to reduce duplicates and
improved data standardization mechanisms,
4.
Improve the data de-duplication mechanism to
improve the percentage of hit reports, and
5.
Investment in people and technology for faster
response on customer queries and legal escalations.
In the year 2012-13 CIBIL continued to invest in building process
efficiency to improve on its turnaround times, quality and accuracy in delivery
and handle the Emphasis was laid on the following Operations sub-verticals:
Ø Data Upload
An automated tracking and reminder mechanism was developed, whereby the
submission of data in monthly cycles improved that further contributed towards
Ø Batch
Process efficiency and monitoring mechanism was built in the offline
batch process which resulted in the improvement of delivery standards (faster
turnaround
Ø Data Quality and Performance
Worked with member banks to reduce the percentage of incomplete data and
duplicate accounts that has resulted in the reduction of member queries.
Ø Client Servicing
Process efficiency and automation resulted in faster turnaround times in
reverting to customer queries without any compromise on the quality
INDEX OF CHARGE: 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] 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.62.02 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.85.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
67 |
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.