MIRA INFORM REPORT
|
Report No. : |
317691 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOI AXA INVESTMENT MANAGERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51, 5th Floor, Kalpataru Synergy, Vakola, Sanatacruz (East),
Mumbai – 400055, Maharashtra |
|
Tel. No.: |
91-22-40479000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173079 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1191.136 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65900MH2007FTC173079 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB17735E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB2245A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is act as an asset management. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (71) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Bank of India and AXA Investment Managers,
a part of AXA Group, one of the world’s largest players in the Financial
Protection industry. It is an established Asset management company having fine track
record. Although the company has reported loss during the financial year, 2013-14,
the rating takes into consideration the total market value of all the
financial assets which the subject manages on behalf of on clients. However, trade relations are fair. Business is active. Payments are
reported to be regular. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BOI AXA Capital Protection Oriental Fund – Service 4 : AAA mfs |
|
Rating Explanation |
Highest degree of safety and timely receipt of payments from
investment made. |
|
Date |
April 2015 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Sanjay Makwana |
|
Designation : |
AVP Finance |
|
Contact No.: |
91-22-40479000 |
|
Date : |
15.04.2015 |
LOCATIONS
|
Registered Office : |
51, 5th Floor, Kalpataru Synergy, Vakola, Sanatacruz
(East), Mumbai – 400055, Maharashtra, India |
|
Tel. No.: |
91-22-40479000 |
|
Fax No.: |
91-22-40479001 |
|
E-Mail : |
DIRECTORS
AS ON 19.09.2014
|
Name : |
Sudhir Iqbal Chand |
|
Designation : |
Director |
|
Address : |
Flat No. 10, Belvedere Estate, 8/8 Alipore Road, Kolkata – 700027,
West Bengal, India |
|
Date of Birth/Age : |
21.08.1947 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
01385201
|
|
|
|
|
Name : |
Sanjay Suresh Gupta |
|
Designation : |
Director |
|
Address : |
LCG 505, B The Laburnum Complex, Sector 28, Sushant Lok, Phase 1,
Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
05.09.1959 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
01899480
|
|
|
|
|
Name : |
Guilloton Jean Roger Bruno |
|
Designation : |
Director |
|
Address : |
31, Boulevard De Beau Sejour, 75016, Paris 16, France – 75016 |
|
Date of Birth/Age : |
12.01.1961 |
|
Date of Appointment : |
09.04.2009 |
|
DIN No.: |
02602968
|
|
|
|
|
Name : |
Iyer Rajaram Vijayalaxmi |
|
Designation : |
Director |
|
Address : |
C-1, Goodwill Chs Limited, Opposite Jankalyan Sahkar I, Bank J. B. Nagar,
Andheri East, Mumbai – 400059, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
08.05.2013 |
|
DIN No.: |
05242960
|
|
|
|
|
Name : |
Sahasrabuddhe Yeshwant Atul |
|
Designation : |
Director |
|
Address : |
No. 3, Nirvana Villas Nagali Hills, Dona Paula, Goa – 403004, India |
|
Date of Birth/Age : |
30.09.1955 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03092513
|
|
|
|
|
Name : |
Sharma Prasad Bimal |
|
Designation : |
Director |
|
Address : |
C/4, Shanaz 90, Nepean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1956 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
06370282
|
|
|
|
|
Name : |
Lopex Geoffrey Simon |
|
Designation : |
Director |
|
Address : |
G-2/F, 8, Clear Water, Bay Road, O Pui Village, Mang Kung, UK, Clear
Water Bay, New Territo, Hong Kong |
|
Date of Birth/Age : |
02.11.1968 |
|
Date of Appointment : |
27.02.2013 |
|
DIN No.: |
06510687
|
|
|
|
|
Name : |
Gupta Anandswarup Deepak |
|
Designation : |
Director |
|
Address : |
T5-803, Parsv Nath, Prestige-II, Sector 93A, Noida – 201304 , Uttar
Pradesh, India |
|
Date of Birth/Age : |
21.09.1951 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
05242960
|
KEY EXECUTIVES
|
Name : |
Rajesh Subhash Chawathe |
|
Designation : |
Secretary |
|
Address : |
G-301, A-Wing, Hrushikesh Apna Ghar, Unit No.1, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1970 |
|
Date of Appointment : |
15.03.2011 |
|
|
|
|
Name : |
Sandeep Binaykumar Dasgupta |
|
Designation : |
Manager |
|
Address : |
A-2403, Ashok Tower, Dr. Ambedkar Road, Parel, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
19.08.1961 |
|
Date of Appointment : |
04.04.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Bank of India |
91449928 |
51.00 |
|
Axa Investment Managers Asia Holdings Private Limited |
87863656 |
49.00 |
|
|
|
|
|
Total |
179313584 |
100.00 |
AS ON 19.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Nationalised
Bank |
51.00 |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is act as an asset management. |
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|
|
|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Khimji Kunverji and Company Chartered Accountants |
|
Address : |
104, Bhabha Building, 22/24, Kazi Syed Street, Masjid Bunder, Mumbai –
400009, Maharashtra, India |
|
PAN No.: |
AAAFK1142M |
|
|
|
|
Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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Holding Company : |
Bank of India |
|
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|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
AXA IM Asia Holdings Private Limited |
CAPITAL STRUCTURE
AS ON 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000000 |
Equity Shares |
Rs. 10/- each |
Rs. 2000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
179313584 |
Equity Shares |
Rs. 10/-
each |
Rs. 1793.136
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000000 |
Equity Shares |
Rs. 10/- each |
Rs. 1250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
119113584 |
Equity Shares |
Rs. 10/-
each |
Rs. 1191.136 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1191.136 |
960.348 |
955.998 |
|
(b) Reserves & Surplus |
(998.167) |
(782.321) |
(815.727) |
|
(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) |
192.969 |
178.027 |
140.271 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.338 |
1.437 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
5.993 |
5.661 |
7.942 |
|
Total Non-current
Liabilities (3) |
5.993 |
5.999 |
9.379 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
18.201 |
19.353 |
12.499 |
|
(c) Other
current liabilities |
15.078 |
12.934 |
16.142 |
|
(d) Short-term
provisions |
3.023 |
2.118 |
2.593 |
|
Total Current
Liabilities (4) |
36.302 |
34.405 |
31.234 |
|
|
|
|
|
|
TOTAL |
235.264 |
218.431 |
180.884 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.642 |
1.128 |
2.025 |
|
(ii)
Intangible Assets |
0.194 |
0.035 |
0.084 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
78.999 |
79.337 |
73.596 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
80.835 |
80.500 |
75.705 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
120.000 |
116.137 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
7.922 |
1.717 |
1.301 |
|
(d) Cash
and cash equivalents |
0.831 |
4.632 |
89.711 |
|
(e)
Short-term loans and advances |
25.676 |
15.445 |
13.884 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.283 |
|
Total
Current Assets |
154.429 |
137.931 |
105.179 |
|
|
|
|
|
|
TOTAL |
235.264 |
218.431 |
180.884 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43.350 |
16.994 |
17.318 |
|
|
|
Other Income |
11.960 |
13.521 |
11.410 |
|
|
|
TOTAL (A) |
55.310 |
30.515 |
28.728 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Prior period items |
0.000 |
0.308 |
0.000 |
|
|
|
Employees benefits expense |
164.927 |
142.538 |
136.835 |
|
|
|
Other expenses |
148.194 |
127.248 |
123.613 |
|
|
|
TOTAL (B) |
313.121 |
270.094 |
260.448 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
(257.811) |
(239.579) |
(231.720) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.184 |
0.366 |
0.719 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(257.995) |
(239.945) |
(232.439) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.065 |
1.611 |
11.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(259.060) |
(241.556) |
(243.876) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(259.060) |
(241.556) |
(244.463) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.44) |
(1.35) |
(1.36) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
(597.60)
|
(1421.42) |
(1411.612) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(594.72)
|
(1409.78) |
(1338.03) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(110.11) |
(110.59) |
(134.82) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.34) |
(1.36) |
(1.74) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.25 |
4.01 |
3.37 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
955.998 |
960.348 |
1191.136 |
|
Reserves & Surplus |
(815.727) |
(782.321) |
(998.167) |
|
Net
worth |
140.271 |
178.027 |
192.969 |
|
|
|
|
|
|
long-term borrowings |
1.437 |
0.338 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.437 |
0.338 |
0.000 |
|
Debt/Equity
ratio |
0.010 |
0.002 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17.318 |
16.994 |
43.350 |
|
|
|
(1.871) |
155.090 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17.318 |
16.994 |
43.350 |
|
Profit |
(244.463) |
(241.556) |
(259.060) |
|
|
(1411.61%) |
(1421.42%) |
(597.60%) |
LOCAL AGENCY FURTHER INFORMATION
NOTE: CURRENT MATURITY LONG TERM DEBT DETAILS ARE 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 |
No |
|
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 |
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 |
Yes |
OPERATIONS REVIEW AND
OUTLOOK
During the financial year ended March 31, 2014, the Asset Under Management("AUM") for BOI AXA Mutual Fund (Mutual Fund) increased to Rs. 17538.300 million at the end of financial year as against Rs. 4304.700 million at the end of previous year. The Company managed eight open-ended schemes and ten close-ended schemes at the end of the year for the Mutual Fund. The key financial numbers of the Company are highlighted in the above table.
The Bord and The Managementbelieve that superior investment performance and customer service is key to success in this business, and the Company shall continue to focus on the same.
INDEX OF CHARGES
NO CHARGES EXIST FOR THE COMPANY.
FIXED ASSETS
- Funiture and
Fixture
- Vehicles
- Office
Equipments
- Computer
- Leashold
Improvement
- Other
Equipments
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. 62.40 |
|
|
1 |
Rs. 92.15 |
|
Euro |
1 |
Rs. 66.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
71 |
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.