MIRA
INFORM REPORT
|
Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
GROUP M MEDIA
INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
MOTIVATOR INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Commerz, 8th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
29.11.2001 |
|
|
|
|
Com. Reg. No.: |
11-134079 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74300MH2001PTC134079 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM14987A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM7365H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing
Advertising Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of GROUP M ASIA PACIFIC HOLDING PTE LIMITED. It
is an established company having satisfactory track record. The rating reflects healthy financial risk profile marked by sound
liquidity position and decent profitability achieved by the company from its
operation. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 DENIED
Management Non Co-operative (91-22-42398888)
LOCATIONS
|
Registered Office : |
Commerz, 8th Floor, International Business Park, Oberoi
Garden City, Goregaon (East), Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22- 66638888 |
|
Fax No.: |
91-22- 66638800 /
42398931 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.06.2013
|
Name : |
Mr. Ranjan Mohanlal Kapur |
|
Designation : |
Director |
|
Address : |
B-281, Twin Towers, Veer Savarkar Marg, Prabhadevi, Mumbai – 400025,
Maharashtra, India |
|
Date of Birth/Age : |
25.11.1942 |
|
Date of Appointment : |
29.11.2001 |
|
DIN No.: |
00035113 |
|
|
|
|
Name : |
Mr. Mark Forbes Patterson |
|
Designation : |
Director |
|
Address : |
Flat B, 38/F South Tower 5, 38, Bel-Air on The Peak, ISL South, 68
Bel-Air Peak, AVE, HongKong |
|
Date of Birth/Age : |
07.03.1963 |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
01822440 |
|
|
|
|
Name : |
Mr. Sridhar Ramasubramanian |
|
Designation : |
Whole Time Director |
|
Address : |
C 302, Jupiter Vasant Galaxy, Bangur Nagar, Goregaon (West), Mumbai –
400090, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1967 |
|
Date of Appointment : |
25.05.2009 |
|
DIN No.: |
01915361 |
|
|
|
|
Name : |
Mr. Nadaraja Kanniappan |
|
Designation : |
Director |
|
Address : |
54, Pascoe ST. Glen Iris, Victoria – 3146, Australia |
|
Date of Birth/Age : |
16.08.1961 |
|
Date of Appointment : |
24.12.2008 |
|
DIN No.: |
02435133 |
|
|
|
|
Name : |
Mr. Colin Ronald Barlow |
|
Designation : |
Director |
|
Address : |
225, |
|
Date of Birth/Age : |
24.07.1968 |
|
Date of Appointment : |
25.05.2009 |
|
DIN No.: |
02760544 |
|
|
|
|
Name : |
Mr. CVL Srinivas |
|
Designation : |
Director |
|
Address : |
T-05 A, Windsor Court, DLF Phase-4, Gurgaon – 122002, India |
|
Date of Birth/Age : |
14.03.1966 |
|
Date of Appointment : |
26.02.2013 |
|
DIN No.: |
01633517 |
MAJOR SHAREHOLDERS
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 28.06.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
69.50 |
|
Directors or relatives of Directors |
0.56 |
|
Other top fifty shareholders |
27.37 |
|
Others |
2.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing
Advertising Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
·
HSBC Limited,
52/60, M. G. Road, Mumbai – 400001, Maharashtra, India ·
ICICI
Bank Limited, Free Press House, 215, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and
Sells Chartered
Accountants, |
|
Address : |
12, |
|
Tel. No.: |
91-22-56679000 |
|
Fax No.: |
91-22-56679025 |
|
|
|
|
Holding Company : |
· Group M Asia Pacific Holding Pte Limited |
|
|
|
|
Subsidiaries : |
Results India Communication Private Limited CIN No.: U74300MH1983PTC031262 |
|
|
|
|
Fellow Subsidiaries : |
· Hindustan Thompson Associates Private Limited · Mediaedge Cia India Private Limited · Mediacom Media India Private Limited · Mediacom Communications Private Limited · Matrix Publicities And Media India Private Limited · Mediaedge Cia India Private Limited · Ogilvy And Mather Private Limited · Contract Advertising (India) Private Limited · Grey Worldwide (India) Private Limited · Mirc Electronics Limited · Meritus Analytics India Private Limited · Interactive Television Private Limited · Portland India Outdoor Advertising Private Limited · Future Media (India) Limited |
CAPITAL STRUCTURE
AS ON 28.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000000 |
Equity Shares |
Re.1/- each |
Rs.24.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Re.1/- each |
Rs.8.000 Millions |
|
|
|
|
|
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 |
|
8.000 |
8.000 |
|
(b) Reserves & Surplus |
|
1,049.872 |
1,014.312 |
|
(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) |
|
1,057.872 |
1,022.312 |
|
|
|
|
|
|
(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 |
|
30.380 |
30.380 |
|
(d) long-term provisions |
|
0.000 |
16.566 |
|
Total Non-current Liabilities (3) |
|
30.380 |
46.946 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
572.500 |
487.500 |
|
(b) Trade payables |
|
10,376.704 |
7,652.890 |
|
(c) Other current
liabilities |
|
524.835 |
642.478 |
|
(d) Short-term provisions |
|
255.690 |
185.960 |
|
Total Current Liabilities (4) |
|
11,729.729 |
8,968.828 |
|
|
|
|
|
|
TOTAL |
|
12,817.981 |
10,038.086 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
164.199 |
106.535 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
9.084 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
4.193 |
4.193 |
|
(c) Deferred tax assets (net) |
|
45.506 |
40.340 |
|
(d) Long-term Loan and Advances |
|
1,764.158 |
1,989.344 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1,978.056 |
2,149.496 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
8,755.126 |
6,307.914 |
|
(d) Cash and cash
equivalents |
|
749.912 |
166.355 |
|
(e) Short-term loans and
advances |
|
457.062 |
564.322 |
|
(f) Other current assets |
|
877.825 |
849.999 |
|
Total Current Assets |
|
10,839.925 |
7,888.590 |
|
|
|
|
|
|
TOTAL |
|
12,817.981 |
10,038.086 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
894.976 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
902.976 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
887.500 |
|
|
TOTAL BORROWING |
|
|
887.500 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1790.476 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
95.388 |
|
|
Capital work-in-progress |
|
|
1.350 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.193 |
|
|
DEFERREX TAX ASSETS |
|
|
27.705 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
6814.575 |
|
|
Cash & Bank Balances |
|
|
472.976 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3030.044 |
|
Total
Current Assets |
|
|
10317.595 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
7522.119 |
|
|
Other Current Liabilities |
|
|
880.035 |
|
|
Provisions |
|
|
253.601 |
|
Total
Current Liabilities |
|
|
8655.755 |
|
|
Net Current Assets |
|
|
1661.840 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1790.476 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue |
3105.000 |
2680.000 |
2158.000 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
823.000 |
744.000 |
556.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
276.000 |
253.000 |
195.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
547.000 |
491.000 |
361.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
68.38 |
61.38 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
26.51 |
27.76 |
25.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.45 |
7.45 |
7.41
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.78 |
0.73 |
0.73
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.54 |
0.48 |
8.88
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.88 |
1.16
|
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 |
8.000 |
8.000 |
|
Reserves & Surplus |
1014.312 |
1049.872 |
|
Net
worth |
1022.312 |
1057.872 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
487.500 |
572.500 |
|
Total
borrowings |
487.500 |
572.500 |
|
Debt/Equity
ratio |
0.477 |
0.541 |
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 |
|
Sales |
2,158.000 |
2,680.000 |
3,105.000 |
|
|
|
24.189 |
15.858 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
2,158.000 |
2,680.000 |
3,105.000 |
|
Profit |
361.000 |
491.000 |
547.000 |
|
|
16.73% |
18.32% |
17.62% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT IS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
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 |
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 Peninsula Chambers, 2nd Floor, Ganpatrao Kadam Marg, Lower
Parel, Mumbai – 400013, Maharashtra, India to present address w.e.f.25.05.2010
FINANCIAL RESULTS:
During the year
ended 31st December, 2012, the Company's revenue amounted to
Rs.3105.000 Millions as against Rs.2680.000 Millions in 2011 a 15.85 % increase
over previous year.
The profit before
tax was Rs.823.000 Millions as against Rs.744.000 Millions in 2011 and the
profit after tax was Rs.547.000 Millions as against Rs.491.000 Millions in
2011.
COMPANY PERFORMANCE:
GroupM India
completes its eleventh successful year this December. It's remarkable that this
year, despite client billing being stagnant, we still met our targeted revenue
and profit growth.
This is largely on
account of some solid work done by virtually all units on growing practices
while managing costs. What is delightful is how practices like Dialogue Factory
and mConsult recorded splendid growths a lot delivered independently, even as
each Agency and the core practices of ESP, Dialect and Interaction grew
solidly.
In terms of new
business we started off by consolidating Reliance, we retained the
all-important Unilever account and won Wipro, Panasonic, Unicharm and WAPCO. We
did this without losing any major account.
In Interactions,
we grew digital’s share of media, excellent mobile/ creative / performance
traction through Madhouse / WPP digital arms Quasar/ Blazer, established Social
as a strong practice with over 50 retainer clients, In Search we expanded our
SEO offering, started Digital Trading under Xaxis as well as structured a
jugalbandi between Interactions, ESP and Dialect.
ESP saw huge
energy with three new alliances: Mash up a pioneering venture that provides
short web video formats with the first project debuting last week, T Series an
alliance with the industry’s strongest player that gives us exclusive access to
Bollywood, Vision Times that allows us to replicate the ESP model in Tamil
Nadu/ South. We have also started a Radio and Celebrity practice and ramped up
the Sports practice, and we look forward to some path breaking deals soon.
On Buying we have
continued to perform better for our clients versus market inflation in both
Print and TV and our buyers ensured that we earn the highest ever Buying
Incentives from our Clients this year. But even more significantly, this is the
year we have transitioned from Buying to Trading. We have developed models
through Matrix and Xaxis where we can take some positions on inventory media
and offer superior value to our clients. This move is GroupM's biggest game
changer in the way we work. This year the entire organization, from CTG,
Finance, ESP and Interactions to Agency Business Teams, has come together to
make this a reality. We are now poised to make this product available to our
clients with critical mass in 2013. This can further increase client value
exponentially as we layer the data/ technology piece onto the trading platform.
Mindshare, Maxus
and Dialogue factory have all performed brilliantly at the major awards.
Mindshare was yet again the EMVIES Agency of the Year, Maxus Digital Agency of
the Year at IDMA and DMA apart from being Bangalore Ad Club Agency of the Year.
We also won at Festival of Media, and Mashable, and debuted strongly across
Agencies at the Effies.
GroupM works
because we have a mission to manage 100% of our Clients' marketing investments,
and we know how to collaborate across organization to deliver. We continued to
invest behind Aspire as the way to develop our talent, and integrated HR into
the Agencies. At this year's Employee Engagement Survey India fared amongst the
top across the GroupM world. This year was also the first year of the GroupM
Employee Welfare Trust wherein we were able to make 150 of our staff
beneficiaries of the Trust and eventually get an opportunity to become
shareholders of this Company.
To cap this performance,
this year we were awarded the APAC Country of the Year Emmie and voted the 2nd
best employer brand at the World HRD Congress.
UNSECURED LOANS:
|
Particulars |
31.12.2012 Rs. In Millions |
31.12.2011 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Working Capital
Loans from Banks |
335.000 |
250.000 |
|
Other Loans and
Advances |
237.500 |
237.500 |
|
|
|
|
|
Total |
572.500 |
487.500 |
NO CHARGES EXIST
FOR COMPANY.
FIXED ASSETS:
· Office equipments
· Computer equipments
· Furniture 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 : |
JML |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.