MIRA INFORM REPORT
|
Report No. : |
335005 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KPMG
GLOBAL SERVICES PRIVATE LIMITED (w.e.f. 17.03.2011) |
|
|
|
|
Formerly Known
As : |
KPMG
GLOBAL ADVISORY (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6th Floor,
Building No.10, Tower - C, DLF Cyber City, Phase - II, Gurgaon – 122 002,
Haryana |
|
Tel. No.: |
91-124-6128500/ 3074000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
21.10.2010 |
|
|
|
|
Com. Reg. No.: |
05-041413 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140HR2010PTC041413 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECK1495L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of providing
Consulting and Advisory Services. |
|
|
|
|
No. of Employees
: |
Information declined by the 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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part
of reputed professional services provider “KPMG Group”. It is a
well-established company having fine track. The company possesses
a decent financial profile marked by adequate networth base and comfortable
capital structure backed with sound liquidity position. Management has
witnessed a significant increase in its revenue as well as profitability
along with good margin during FY 14. Trade relations
are fair. Business is active. Payment terms are reported as regular and as
per commitments. In view of
reputed parentage, 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION DECLINED
Management non-cooperative
(Tel. No.: 91-124-6128500)
LOCATIONS
|
Registered Office : |
6th Floor, Building No.10, Tower - C, DLF Cyber City, Phase - II,
Gurgaon – 122 002, Haryana, India |
|
Tel. No. : |
91-124-6128500/ 3074000 |
|
Fax No. : |
91-124-6128700/ 2549101 |
|
E-Mail : |
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|
Website : |
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|
|
Branch Office : |
Located at: ·
Mumbai ·
Delhi ·
Bangalore ·
Chennai ·
Hyderabad ·
Kolkata ·
Pune ·
Kochi ·
Chandigarh ·
Ahmedabad |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Leo Gilles Sion |
|
Designation : |
Director |
|
Address : |
501, East 79th Street, Apartment 20A, New York 10075 |
|
Date of Birth/Age : |
23.09.1956 |
|
Date of Appointment : |
20.09.2011 |
|
DIN No. : |
03524705 |
|
|
|
|
Name : |
Mr. Guy William Stallard |
|
Designation : |
Director |
|
Address : |
5, Bramble Close, Chalfont St Peter Bucks, United Kingdom SL90JP |
|
Date of Birth/Age : |
10.08.1966 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No. : |
06398830 |
|
|
|
|
Name : |
Shalini Pillay |
|
Designation : |
Additional
Director |
|
Address : |
#204,
La Haceinda, 2 Papanna Street, Off. St. Marks Road, Bangalore – 560 001,
Karnataka, India |
|
Date of Appointment : |
01.04.2015 |
|
DIN No. : |
00562907 |
KEY EXECUTIVES
|
Name : |
Mr. Murali Balasubramanian |
|
Designation : |
Vice President |
|
|
|
|
Name : |
Mr. James Bull |
|
Designation : |
Senior Manager |
|
|
|
|
Name : |
Mr. Bikramjit Chaudhuri |
|
Designation : |
Director |
|
|
|
|
Name : |
Sanjitha Vijaykumar |
|
Designation : |
Vice President |
|
|
|
|
Name : |
Mr. Stephan Ploke |
|
Designation : |
Senior Manager |
|
|
|
|
Name : |
Julia Schiesser |
|
Designation : |
Manager |
|
|
|
|
Name : |
Prathap Katharikuppam |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Kapil Arora |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Ashish Sinha |
|
Designation : |
Chief Operating Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
KPMG
Advisory Services Private Limited, India |
|
10 |
|
GKAS (Mauritius) Limited, Republic of Mauritius |
|
20 |
|
KPMG India Services LLP, India |
|
10000 |
|
Total |
|
10030 |
AS ON 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings [(Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas
Corporate bodies or Others] |
0.20 |
|
Bodies corporate |
99.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing
Consulting and Advisory Services. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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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 : |
Sharma Goel and Co. LLP Chartered Accountants |
|
Address : |
C-43 Sector 8, Noida – 201 301,
Uttar Pradesh, India |
|
PAN No.: |
AABFS1604B |
|
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|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
GKAS (Mauritius) Limited, Mauritius |
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Fellow Subsidiary Company : |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
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CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10030 |
Equity Shares |
Rs.10/- each |
Rs.0.100 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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
443.739 |
232.820 |
90.587 |
|
(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) |
443.839 |
232.920 |
90.687 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
232.706 |
273.565 |
286.051 |
|
(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 |
201.113 |
40.883 |
33.580 |
|
Total Non-current
Liabilities (3) |
433.819 |
314.448 |
319.631 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
360.469 |
231.758 |
100.336 |
|
(c) Other
current liabilities |
896.913 |
670.500 |
84.118 |
|
(d) Short-term
provisions |
439.625 |
275.785 |
152.868 |
|
Total Current
Liabilities (4) |
1697.007 |
1178.043 |
337.322 |
|
|
|
|
|
|
TOTAL |
2574.665 |
1725.411 |
747.640 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
289.686 |
318.014 |
332.645 |
|
(ii)
Intangible Assets |
3.762 |
2.716 |
3.318 |
|
(iii)
Capital work-in-progress |
3.318 |
1.128 |
0.407 |
|
(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) |
122.852 |
56.607 |
33.815 |
|
(d) Long-term Loan and Advances |
101.791 |
38.923 |
49.513 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
521.409 |
417.388 |
419.698 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
245.347 |
382.903 |
68.083 |
|
(d) Cash
and cash equivalents |
493.436 |
259.230 |
87.675 |
|
(e)
Short-term loans and advances |
419.816 |
163.622 |
46.169 |
|
(f) Other
current assets |
894.657 |
502.268 |
126.015 |
|
Total
Current Assets |
2053.256 |
1308.023 |
327.942 |
|
|
|
|
|
|
TOTAL |
2574.665 |
1725.411 |
747.640 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Professional Income |
4052.575 |
2841.442 |
1589.197 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
821.706 |
558.054 |
313.780 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
110.454 |
90.411 |
59.919 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
711.252 |
467.643 |
253.861 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
244.519 |
149.509 |
81.985 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
466.733 |
318.134 |
171.876 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
136.563 |
26.144 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed equity dividend |
218.654 |
151.349 |
81.367 |
|
|
|
Tax on proposed equity dividend |
37.160 |
24.553 |
13.199 |
|
|
|
Transfer to General Reserve |
46.673 |
31.813 |
51.166 |
|
|
BALANCE CARRIED
TO THE B/S |
300.809 |
136.563 |
26.144 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
46533.70 |
31718.25 |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net
cash flows from (used in) operations |
679.028 |
457.155 |
299.080 |
|
Net
cash flows from (used in) operating activities |
372.716 |
284.855 |
183.280 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.05 |
28.04 |
35.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.60 |
2.01 |
2.80 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.52 |
1.17 |
3.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.11 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
90.587 |
232.820 |
443.739 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
90.687 |
232.920 |
443.839 |
|
|
|
|
|
|
Long-term borrowings |
286.051 |
273.565 |
232.706 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
286.051 |
273.565 |
232.706 |
|
Debt/Equity ratio |
3.154 |
1.175 |
0.524 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Professional Income |
1589.197 |
2841.442 |
4052.575 |
|
|
|
78.797 |
42.624 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Professional Income |
1589.197 |
2841.442 |
4052.575 |
|
Profit |
171.876 |
318.134 |
466.733 |
|
|
10.82% |
11.20% |
11.52% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity-Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OVERVIEW:
The Company was incorporated as a private limited company under the
Companies Act, 1956 on 21st October, 2010 as KPMG Global Advisory
(India) Private Limited. Subsequently the shareholders of the Company decided
to change the name to ‘KPMG Global Services Private Limited’ and accordingly
the application for name change was submitted to Registrar of Companies,
National Capital Territory of Delhi and the name was approved with the
Registrar of Companies effective 17th March, 2011.
The company is engaged in the business of providing Consulting and
Advisory Services.
INDEX OF CHARGES
No Charges Exist for Company.
FIXED ASSETS
·
Computers
·
Office Equipment
·
Furniture and Fixture
·
Leasehold Improvement
·
Vehicles
·
Mobile Handset
WEBSITE DETAILS:
NEWS:
BIG FOUR ACCOUNTING
FIRMS PWC, DELOITTE, KPMG, E&Y BACK IN CONSULTING BUSINESS
April 28, 2013
Sitting at the Monitor
Deloitte office at Nariman Point in Mumbai, Roopen Roy, managing director of
Deloitte and Touche Consulting, and Ambar Chowdhury of Monitor Deloitte make an
odd pair. Roy has spent much of the past 25 years leading consulting practices
of two of the Big Four accounting ; while Chowdhury flew into India just last
year from Cambridge, Massachusetts, to lead the strategy boutique Monitor in India.
What makes the arrangement interesting is the backdrop. Usually the white-shoe consultants — read McKinsey, Bain, Booz and other such strategy firms — feel the Big Four consultants are competent but more suited for nuts and bolts kinds of engagements. And the Big Four consultants — Pricewaterhouse-Coopers (PwC), Ernst and Young (E&Y), KPMG and Deloitte — believe that the strat guys are good but...a tad overrated.
Yet at this table, both representatives are sitting on the same side, waxing eloquent about the benefits of having a great combined consulting offering. And the reason for the newfound bonhomie between Roy and Chowdhury is that Deloitte acquired Monitor early this year after the latter filed for bankruptcy. "With this acquisition Deloitte is making a big play into strategy consulting," says Roy with a big smile on his face. "The clients now get the whole package — from soup to nuts," seconds Chowdhury.
That Michael Porter-promoted Monitor Group was acquired by an accounting firm is being seen as yet another sign that the Big Four have crawled back into consulting in a big way. The move is part of the consulting world's new reality. Not only are the Big Four accounting firms back in consulting; they're back in a big, big way.
Big Bucks
That's a 360-degree turnaround from 2002 when following Enron's bankruptcy and the dissolution of Arthur Andersen, KPMG and PwC dumped their consulting arms; Ernst and Young had already done so in 2000. The sell-off was a reaction to a toughened up Sarbanes-Oxley Act that restricted the scope of non-audit services that could be offered to audit clients to limit any conflict of interest.
This led to a rash of sales of consulting divisions by the accounting firms — IBM for instance bought PwC's consulting arm, E&Y Consulting had already sold to CapGemini and KPMG did an IPO of KPMG Consulting, which then became BearingPoint. But by the time the Big Four's non-compete clauses expired — typically in three to five years — consulting was back as a high-focus area at the accounting firms.
"We are really driving the transformation space. CEOs come to us saying: 'I have a problem, can you fix this?' Now we say: 'we can help you fix not only the finance and the tax part, we can also help you fix people, processes, IT — all of it'," says Michael Andrew, global chairman, KPMG.
The envy of the bunch is Deloitte. The globally second-largest auditing firm tried hard to carve out an exit for its consulting arm and failed; so it then just decided to keep it — a move that in hindsight turned out to be a masterstroke. Deloitte closed 2012 with $12.5 billion in consulting and financial advisory fees, a figure that's more than the combined global revenues of BCG, Bain, AT Kearney and Booz.
The global push apart, in
India too E&Y, PwC, KPMG and Deloitte have been quietly beefing up their
consulting practice, ramping up fast in the past six years. A comparison with
the top five strategy firms — McKinsey, BCG, Bain, AT Kearney, and Booz gives a
peek into how big they are. A caveat, however: this is not quite an apple to
apple comparison
Combined, the top five strategy firms have
roughly 100 partners, and 1,000 client-facing consultants; their combined revenues
would lie in the range of Rs.14000.000 million to Rs.16000.000 million.
According to ET estimates arrived at after speaking with the business heads and
industry experts, the business advisory arms of the Big Four would have close
to 200 partners, 9,000 consultants and the combined revenues would be between
Rs.16000.000 million and Rs.18000.000 million. Within the overall advisory
business, the traditional consulting revenues would be in the range of
Rs.11000.000 million to Rs.12000.000 million.
One-stop Shop
So what happened that made the Big Four jump back into consulting? Soon after the Enron controversy died, the accounting firms realised that regulations could be taken care of if they built a practice that largely consisted of non-audit clients where conflict situations didn't arise; and where there was overlap, they could always avoid selling certain services. And that's what they did. As of today in India, the consulting arm of E&Y has an overlap of around 30% with auditing clients, KPMG 10% and Deloitte under 10%.
In between, what worked in their favour was the change in the nature of clients' demands. With India galloping at 8%-plus growth rates in the mid-2000s (till 2008), clients rode along at a fast clip, diversifying, making acquisitions, raising capital, setting up greenfield projects.
All that called for advice across multiple
fronts: strategy, operations, IT, M&A, HR-related issues, governance
structures, among others. It was a godsend opportunity for the auditing firms
which were positioned perfectly to take advantage of this turn in events. As it
is they were deeply embedded within clients due to the long-term nature of
their accounting/auditing/tax-related work.
The Big Four suddenly found there was a sweet spot in the lucrative consulting
market that only they could exploit: a one-stop shop that could do bits of
consulting work in different areas, as and when required. "We were like a
department store that offered all kinds of services. We offered what suited our
clients. The clients don't want to disclose information to all. And we were
there offering a much wider spectrum of services," explains Richard Rekhi,
CEO and head of advisory services, KPMG.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial Crime
:
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.93 |
|
UK Pound |
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
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.