MIRA
INFORM REPORT
|
Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DDB MUDRA MAX PRIVATE LIMITED [w.e.f 30.04.2012] |
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Formerly Known
As : |
MUDRA COMMUNICATIONS PRIVATE LIMITED [w.e.f 05.06.2009] INTERACT VISION ADVERTISING AND MARKETING PRIVATE LIMITED |
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Registered
Office : |
Mudra House, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400 055,
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
28.02.1980 |
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Com. Reg. No.: |
11-022276 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.500 millions |
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CIN No.: [Company Identification
No.] |
U74300MH1980PTC022276 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM24092F MUMM24091E MUMM21046E |
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PAN No.: [Permanent Account No.] |
AAACM5763H |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Providing Media and Business Solutions. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500000 |
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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 satisfactory track record. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered 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
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 DECLINED BY
|
Name : |
Mr. Avijit Ghosh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-33080808 |
|
Date : |
12.05.2014 |
LOCATIONS
|
Registered Office : |
Mudra House, Opposite Grand Hyatt, Santacruz (East), Mumbai-400055,
Maharashtra, India |
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Tel. No.: |
91-22-33080808 |
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Fax No.: |
91-22-33080300 |
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E-Mail : |
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Website : |
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Corporate Office : |
Brindavan, 2nd Floor, Shree Ram Mills Premises, G K Marg, Worli, Mumbai-400013,
Maharashtra, India |
DIRECTORS
As on 28.06.2013
|
Name : |
Mr. Neeraj Puri |
|
Designation : |
Alternate director |
|
Address : |
C-30, Chirag Enclave, New Delhi – 110048, India |
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Date of Birth/Age : |
30.05.1967 |
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Date of Appointment : |
18.12.2012 |
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DIN No.: |
00217163 |
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|
Name : |
Mr. John Wayne Richard Zeigler |
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Designation : |
Director |
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Address : |
3 Heyington PL, Toorak VIC, 3142, Australia |
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Date of Birth/Age : |
20.01.1954 |
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Date of Appointment : |
31.10.2011 |
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DIN No.: |
03644124 |
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Name : |
Mr. Dara Akbarian |
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Designation : |
Director |
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Address : |
93 Grange RD, # 04-06, Singapore 249614 |
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Date of Birth/Age : |
19.08.1970 |
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Date of Appointment : |
31.10.2011 |
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DIN No.: |
03644153 |
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|
Name : |
Mr. Ranji Jacob Cherian |
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Designation : |
Director |
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Address : |
Flat No. C1, Windermere Apartment, 7/10, North Road, Cooke Town, Bangalore – 560084, Karnataka, India |
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Date of Birth/Age : |
16.12.1965 |
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Date of Appointment : |
03.07.2012 |
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DIN No.: |
05354462 |
KEY EXECUTIVES
|
Name : |
Mr. Avijit Ghosh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
DOB Mudra Private Limited, India (formerly known as Mudra Communications Private Limited.) |
|
33333 |
|
Pratham Human Solutions Private Limited, India |
|
33333 |
|
Mudra Advertising Private Limited, India (formerly known as Primesite Outdoor Advertising Private Limited) |
|
45833 |
|
Ignite Mudra Private Limited, India |
|
45835 |
|
The Media Group Private Limited, India |
|
45833 |
|
Mudra Online Technologies |
|
45833 |
|
TOTAL |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.06.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Media And Business Solutions. |
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|
|
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Service : |
·
Advertising Services ·
Performance Enhancement ·
Training ·
Education ·
Human Resources and Wage Management |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
·
HDFC Bank, HDFC Bank House, Senapati Bapat Marg,
Lower Parel (West), Mumbai – 400 013, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st floor, Apollo mills Compound , N.M Joshi Marg, Mahalakshmi, Mumbai-400011, Maharashtra, India |
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PAN No.: |
AAKFB4397F |
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Holding Company: |
· DDB Mudra Private Limited (formerly known as Mudra Communication Private Limited), India [U74300MH1980PTC022276] |
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Significant
shareholder and subsidiary of DDB Mudra Private
Limited: |
· Pratham Human Solutions Private Limited |
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Ultimate Holding Company
(w.e.f. 31 October 2011): |
· Omnicom Group Inc. |
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Holding Company of
DDB Mudra Private Limited (w.e.f. 25
August 2012) |
· Omnicom Group (Asia Pacific) Pte Limited |
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Holding Company of
DDB Mudra Private Limited (from 31 October
2011 to 24 August 2012) |
· Flamingo Research Asia Pacific Pte Limited |
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Subsidiary of
Ultimate holding Company (w.e.f. 31 October
2011) |
· DDB Worldwide Communications Group Inc. |
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Holding Company of
DDB Mudra Private Limited (till 30
October 2011) |
· Res Rei Finance Private Limited / AAA Entertainment Private Limited.* * Subsequent to 31 December 2011, Res Rei Finance Private Limited (formerly known as Swan Sorority Finance Private Limited) merged into AAA Entertainment Private Limited |
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|
Subsidiary of DDB
Mudra Private Limited: |
· DDB Marketing Services Private Limited (formerly known as Kidstuff Promos and Events Private Limited) [U74300MH2004PTC150026] |
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Company directly /
indirectly controlled by DDB Mudra Private Limited: |
· Mudra Advertising Private Limited, India [U74300GJ1998PTC034907] |
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|
Subsidiary of DDB
Mudra Max Private Limited (till 25 September
2012) Subsidiary of DDB
Mudra Private Limited (w.e.f. 26
September 2012): |
· Chuo Senko Advertising India Private Limited (formerly known as Mudra Integrated Retail Services Private Limited), India [U52100MH2008PTC188828] |
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Subsidiary of DDB
Mudra Max Private Limited: |
· Mudra Integrated Sports Services Private Limited, India [U92412MH2008PTC188829] |
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|
Company directly /
indirectly controlled by DDB Mudra Private
Limited: |
· The Media Group Private Limited, India [U64200GJ1994PTC021404] |
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|
Company directly /
indirectly controlled by DDB Mudra Private
Limited: |
· Max Publicity and Communication Private Limited, India [U93000MH2011PTC215593] |
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|
Subsidiary of DDB
Mudra Max Private Limited: |
· Mudra Integrated Event Management Services Private Limited, India [U74140MH2008PTC188708] |
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Company directly / indirectly
controlled by DDB Mudra Private
Limited: |
· Cirrus Media Research Private Limited, India [U32204MH2007PTC186473] |
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|
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|
Company directly /
indirectly controlled by DDB Mudra Private Limited: |
· Ignite Mudra Private Limited, India [U74300GJ2005PTC046133] · Mudra Online Technologies Private Limited, India [U72200GJ2000PTC038192] |
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|
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Subsidiary of
ultimate holding company: |
· DDB Asia Pacific Limited · Radeus Advertising Private Limited, India [U74300MH1973PTC016583] · DDB Worldwide Communications Group Inc · DDB Worldwide Limited.- Asia Pacific division · BBDO Proximity, Singapore |
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Partnership firm in
which Company is a partner: |
· Clear Channel Mudra LLP |
CAPITAL STRUCTURE
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.12.2012 (12 Months) |
31.12.2011 (9 Months) |
31.03.2011 (12 Months) |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
121.425 |
93.774 |
77.182 |
|
(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) |
123.925 |
96.274 |
79.682 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.278 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.283 |
5.072 |
3.371 |
|
Total
Non-current Liabilities (3) |
6.283 |
5.072 |
3.649 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
274.400 |
299.739 |
255.239 |
|
(b) Trade payables |
1074.791 |
1180.399 |
1045.467 |
|
(c) Other current liabilities |
133.531 |
255.420 |
183.084 |
|
(d) Short-term provisions |
5.525 |
0.655 |
1.459 |
|
Total
Current Liabilities (4) |
1488.247 |
1736.213 |
1485.249 |
|
|
|
|
|
|
TOTAL |
1618.455 |
1837.559 |
1568.580 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
15.883 |
10.789 |
13.019 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.708 |
5.771 |
13.574 |
|
(c) Deferred tax assets (net) |
12.555 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
179.570 |
136.082 |
11.282 |
|
(e) Other Non-current assets |
0.975 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
214.691 |
152.642 |
37.875 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
46.652 |
227.911 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1113.798 |
1267.093 |
1462.850 |
|
(d) Cash and cash equivalents |
65.945 |
27.754 |
5.973 |
|
(e) Short-term loans and
advances |
51.849 |
57.481 |
61.824 |
|
(f) Other current assets |
125.520 |
104.678 |
0.058 |
|
Total
Current Assets |
1403.764 |
1684.917 |
1530.705 |
|
|
|
|
|
|
TOTAL |
1618.455 |
1837.559 |
1568.580 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 (12 Months) |
31.12.2011 (9 Months) |
31.03.2011 (12 Months) |
|
|
SALES |
|
|
|
|
|
Income |
2355.054 |
1818.127 |
1729.599 |
|
|
Other Income |
29.166 |
1.897 |
11.129 |
|
|
TOTAL
(A) |
2384.220 |
1820.024 |
1740.728 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
(B) |
2351.544 |
1795.310 |
1716.063 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
32.676 |
24.714 |
24.665 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
5.025 |
8.123 |
5.178 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
27.651 |
16.591 |
19.487 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
93.774 |
77.183 |
57.696 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
121.425 |
93.774 |
77.183 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
110.60 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 (12 Months) |
31.12.2011 (9 Months) |
31.03.2011 (12 Months) |
|
PAT / Total Income |
(%) |
1.16 |
0.91 |
1.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.39 |
1.36 |
1.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.04 |
1.35 |
1.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.26 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.21 |
3.11 |
3.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.97 |
1.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
77.182 |
93.774 |
121.425 |
|
Net
worth |
79.682 |
96.274 |
123.925 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
255.239 |
299.739 |
274.400 |
|
Total
borrowings |
255.239 |
299.739 |
274.400 |
|
Debt/Equity
ratio |
3.203 |
3.113 |
2.214 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1729.599 |
1818.127 |
2355.054 |
|
|
|
5.118 |
29.532 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1729.599 |
1818.127 |
2355.054 |
|
Profit |
19.487 |
16.591 |
27.651 |
|
|
1.13% |
0.91% |
1.17% |
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 |
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 |
No |
|
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 |
NOTE:
The registered office of the company has been shifted from Shree Ram
Mills Premises, Ganpat Rao Kadam Marg, Worli, Mumbai – 400 013, Maharashtra,
India to the present address w.e.f. 16.08.2010
REVIEW OF OPERATIONS
During the year, the volatility in the macroeconomic environment continued to cast its shadow and most of the categories where the Company cater its services, were impacted. Even in this environment, on annualized basis the Company could almost maintain its business volume compared to previous period of nine months. The major contributing factors to the business across various clients categories and industry verticals were the Company’s customer-centric approach and its ability to innovate customer specific solutions, focus on pricing, disciplined execution of complex projects, campaigns and the rigor in following strong internal processes. Even after increase in manpower cost, finance cost and other expenses, the Company succeeded to maintain its profit margin by controlling operating cost.
The Company acquired new clients like Anchor Electricals Private Limited, Carrier Media India Private Limited, DLF India Limited, Infrastructure Development Finance Company Limited, Star India Private Limited, The Western Union Financial Services, the noteworthy names.
As recognition of excellence in service and work done, the Company bagged 45 prestigious awards at various forums across different categories that include noteworthy like two silver and three bronze from WOW Awards, five gold, six silver and two bronze from OAA OAC Awards, two silver and two bronze from EMVIES and a gold from Campaign Asia. The Company won Campaign Agency of the Year award third time in a row.
The Company is taking all actions to control resource and other cost and optimize profit margin keeping growth momentum intact. With a view to conserve resources for future growth, the Directors do not recommend any dividend for the year.
UNSECURED LOAN
|
PARTICULARS |
31.12.2012 (12 Months) (Rs.
in Millions) |
31.12.2011 (9 Months) (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
274.400 |
299.739 |
|
|
|
|
|
Total |
274.400 |
299.739 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10229393 |
22/06/2010 |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, MAHARASHTRA - 400013, INDIA |
A89213649 |
|
2 |
90185963 |
13/08/1993 |
21,500,000.00 |
THE FEDERAL BANK LIMITED |
ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
3 |
90183955 |
19/11/1991 |
600,000.00 |
HOUSING DEVELOPMENT FINANCE CORPN. LIMITED |
NEELKAMAL; ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
4 |
90185681 |
09/02/1991 |
10,000,000.00 |
THE FEDERAL BANK LIMITED |
ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
5 |
90185531 |
05/12/1989 |
4,000,000.00 |
THE FEDERAL BANK LIMITED |
ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
6 |
90187477 |
29/03/1989 |
1,312,500.00 |
THE FEDERAL BANK LIMITED |
ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
7 |
90185233 |
22/07/1987 |
1,500,000.00 |
REAL INVESTMENTS COMPANY LIMITED |
METRO COMMERCIAL CENTRE, BEHIND HIGH COURT; ASHRAM ROAD, AHMEDABAD, GUJARAT - 380007, INDIA |
- |
|
8 |
90184929 |
30/12/1984 |
300,000.00 |
VICRAZE INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED |
1103, RAHEJA
CENTRE; 214; NARIMAN POINT, BOMABY, |
- |
FIXED ASSETS
Tangible assets
· Plant and equipment
· Furniture and fixtures
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.82.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.