MIRA INFORM REPORT
|
Report No. : |
336526 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RBS BUSINESS SERVICES PRIVATE LIMITED (w.e.f. 07.11.2009) |
|
|
|
|
Formerly Known
As : |
ABN AMRO CENTRAL ENTERPRISES SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Empire Complex,
414, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-66647000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.10.2001 |
|
|
|
|
Com. Reg. No.: |
11-055458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900HR2001PTC055458 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Information Technology Enabled and Back Office
Processing Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 : |
RBS Financial Services (India) Private Limited is a subsidiary of “The
Royal Bank of Scotland Group plc” (RBS Group plc). It was incorporated on 4th
October 2001, it is well- established company having a good track record. During FY-2014, the company reported healthy growth in its operating
income, improvement in its profitability and capital structure backed by its
zero debt balance sheet profile. Further, rating take consideration on support from its parent, Royal
bank of Scotland Group Plc its strategic importance to RBSG’s corporate and
private banking business in India and strong operational integration. Trade relations are fair. Business is active. Payments are reported to
regular as per commitment. In view of strong parent company support and part of “RBS Group plc”,
the company can be considered good for normal business dealing with its 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 DENIED
Management non Co-operative (Tel No.:91-22-66647000)
LOCATIONS
|
Registered Office : |
Empire Complex,
414, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66647000 |
|
Fax No.: |
91-22-66647890 |
|
E-Mail : |
|
|
Website : |
|
|
Website : |
|
|
Mumbai Office : |
Mafatlal Chambers, B Wing, N. M. Joshi Marg, Lower Parel
(East), Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67548000 |
|
Fax No.: |
91-22-67548420 |
|
|
|
|
Corporate Centre
: |
6th Floor, Corporate Centre, Andheri Kurla Road, Opposite
Trade Star Building, Andheri (East), Mumbai - 400059, Maharashtra, India |
|
Tel. No.: |
91-22-30438600 |
|
Fax No.: |
91-22-67258117 |
|
|
|
|
Branch Offices : |
Located at: · Guindy, Chennai · Anna Salai, Chennai · Gurgaon · Cyber Greens, Gurgaon |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Pankaj Padmasen Phatarphod |
|
Designation : |
Managing director |
|
Address : |
Guruprasad Opposite Bhagwati M Hospital, Mandapehwar Road, Borivali (West),
Mumbai – 400103, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1972 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03031289 |
|
|
|
|
Name : |
Mrs. Meera Hiranandani Sanyal |
|
Designation : |
Director |
|
Address : |
52, Hill Park, AG Bell Marg, Malabar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
15.10.1961 |
|
Date of Appointment : |
24.09.2008 |
|
DIN No.: |
00422545 |
|
|
|
|
Name : |
Mr. William Gordon Brogan Higgins |
|
Designation : |
Director |
|
Address : |
125 Thurleigh Road, London SW12 8TY |
|
Date of Birth/Age : |
20.04.1959 |
|
Date of Appointment : |
28.09.2007 |
|
DIN No.: |
01385325 |
|
|
|
|
Name : |
Mr. Sunil Govind Prabhu |
|
Designation : |
Director |
|
Address : |
10 AST OR Close, Kingston, Upon Thames Survey, London, KT27LT |
|
Date of Birth/Age : |
24.09.1964 |
|
Date of Appointment : |
11.09.2012 |
|
PAN No.: |
AAIPP6952C |
|
Voter ID No.: |
MT/07/046/0348335 |
|
DIN No.: |
06400601 |
|
|
|
|
Name : |
Mr. Gopal Singaraju |
|
Designation : |
Whole-Time Director |
|
Address : |
No.-2,B, 2nd Street CK A, Raintree Apartments,, Alwar, Pet Venus Colony, 2nd Street, Chennai, 600018, Tamilnadu, INDIA |
|
Date of Appointment : |
20.05.2015 |
|
DIN No.: |
07189281 |
|
|
|
|
Name : |
Mr. Vijayalakshmi Karthikeyan |
|
Designation : |
Whole-Time Director |
|
Address : |
No.470/7, West Wood Apts. R7A, North Main Road,, Anna Nagar West Extn,, Chennai, 600101, Tamilnadu, India |
|
Date of Appointment : |
29.04.2015 |
|
DIN No.: |
07171513 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Govind Prabhu |
|
Designation : |
Secretary |
|
Address : |
10 AST OR Close, Kingston, Upon Thames Survey, London, KT27LT |
|
Date of Birth/Age : |
24.09.1964 |
|
Date of Appointment : |
05.10.2002 |
|
PAN No.: |
AAIPP6952C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
RBS Netherlands Holding BV, Netherlands |
5000000 |
99.80 |
|
NatWest Securities BV, Netherlands |
10000 |
0.20 |
|
Total |
5010000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Information Technology Enabled and Back Office Processing
Services. |
||||
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Products : |
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||||
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Brand Names : |
Not Divulged |
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||||
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Agencies Held : |
Not Divulged |
||||
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||||
|
Exports : |
Not Divulged |
||||
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|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS 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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|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapith,
Off Ashram Road, Ahmedabad – 380014, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: (As on 31.03.2014) |
Royal Bank of Scotland Group PLC, United Kingdom |
|
|
|
|
Fellow Subsidiary
company : (As on 31.03.2014) |
U67120MH1993PLC073120
U67120MH1997PTC112574
U72900MH2012FTC234201
U30007HR2002PTC034983
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5010000 |
Equity Shares |
Rs.10/- each |
Rs.50.100
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 |
50.100 |
50.100 |
50.100 |
|
(b) Reserves & Surplus |
3944.448 |
2763.281 |
5245.839 |
|
(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) |
3994.548 |
2813.381 |
5295.939 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
122.710 |
125.625 |
100.315 |
|
(d) long-term provisions |
180.851 |
184.729 |
238.729 |
|
Total
Non-current Liabilities (3) |
303.561 |
310.354 |
339.044 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
2500.000 |
0.000 |
|
(b) Trade payables |
584.249 |
535.252 |
866.426 |
|
(c) Other current liabilities |
331.853 |
243.864 |
463.502 |
|
(d) Short-term provisions |
280.865 |
290.278 |
347.477 |
|
Total
Current Liabilities (4) |
1196.967 |
3569.394 |
1677.405 |
|
|
|
|
|
|
TOTAL |
5495.076 |
6693.129 |
7312.388 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1177.913 |
1380.298 |
1411.090 |
|
(ii) Intangible Assets |
9.887 |
14.885 |
20.950 |
|
(iii) Capital work-in-progress |
1.792 |
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) |
150.369 |
191.118 |
192.911 |
|
(d) Long-term Loan and Advances |
934.191 |
878.947 |
881.459 |
|
(e) Other Non-current assets |
32.972 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2307.124 |
2465.248 |
2506.410 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1284.508 |
2928.198 |
1420.938 |
|
(d) Cash and cash equivalents |
820.887 |
358.172 |
2201.235 |
|
(e) Short-term loans and
advances |
504.087 |
384.315 |
267.641 |
|
(f) Other current assets |
578.470 |
557.196 |
916.164 |
|
Total
Current Assets |
3187.952 |
4227.881 |
4805.978 |
|
|
|
|
|
|
TOTAL |
5495.076 |
6693.129 |
7312.388 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
9400.130 |
9104.000 |
7961.650 |
|
|
Other Income |
723.660 |
112.060 |
457.280 |
|
|
TOTAL
(A) |
10123.790 |
9216.060 |
8418.930 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
4276.690 |
4115.290 |
3643.870 |
|
|
Other expenses |
3443.460 |
3257.270 |
3047.160 |
|
|
TOTAL
(B) |
7720.150 |
7372.560 |
6691.030 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
2403.640 |
1843.500 |
1727.900 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
100.700 |
169.610 |
8.060 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2302.940 |
1673.890 |
1719.840 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
385.100 |
381.270 |
354.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1917.840 |
1292.620 |
1365.040 |
|
|
|
|
|
|
|
Less |
TAX (H) |
697.330 |
442.820 |
452.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1220.510 |
849.800 |
912.750 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
2678.320 |
5245.840 |
4333.090 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
84.980 |
NA |
|
|
Interim Dividend |
0.000 |
2867.240 |
NA |
|
|
Transfer as a results of
Demerger |
39.340 |
0.000 |
NA |
|
|
Tax on Dividend |
0.000 |
465.100 |
NA |
|
|
Total
(M) |
39.340 |
3417.320 |
NA |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
3859.490 |
2678.320 |
5245.840 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
8240.000 |
7572.000 |
6259.000 |
|
|
TOTAL
EARNINGS |
8240.000 |
7572.000 |
6259.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
158.441 |
336.485 |
NA |
|
|
TOTAL
IMPORTS |
158.441 |
336.485 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
243.614 |
169.620 |
182.185 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
1.501 |
NA |
|
Cash generated from operations |
3961.380 |
(45.553) |
2079.125 |
|
Net cash flow from operating activity |
3271.700 |
(548.189) |
1476.240 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
12.98 |
9.33 |
11.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
25.57 |
20.25 |
21.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
35.90 |
19.88 |
19.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.46 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.89 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66 |
1.18 |
2.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
50.100 |
50.100 |
50.100 |
|
Reserves & Surplus |
5245.839 |
2763.281 |
3944.448 |
|
Net
worth |
5295.939 |
2813.381 |
3994.548 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
2500.000 |
0.000 |
|
Current Maturities of
Long-Term Debts |
0.000 |
1.501 |
0.000 |
|
Total
borrowings |
0.000 |
2501.501 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.889 |
0.000 |
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) |
|
Sales |
7961.650 |
9104.000 |
9400.130 |
|
|
|
14.348 |
3.253 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7961.650 |
9104.000 |
9400.130 |
|
Profit |
912.750 |
849.800 |
1220.510 |
|
|
11.46% |
9.33% |
12.98% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
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 |
NATURE OF OPERATIONS
RBS Business Services Private Limited (“RBSBS” or the “Company”) was incorporated as a Private Limited Company on October 4, 2001 to carry on the business of providing information technology enabled services primarily to Royal Bank of Scotland Plc. The Company has facilities in the states of Maharashtra, Tamil Nadu, Delhi, Haryana and an international facility in the United Kingdom located in Manchester and London. Facilities in Maharashtra are located in Mumbai, in Tamil Nadu located in Chennai, in Delhi and Haryana located in Gurgaon all of which are registered with Software Technology Park of India (“STPI”).
BASIS OF ACCOUNTING
AND PREPARATION OF FINANCIAL STATEMENTS
The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India to comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and Advances from Related Parties |
0.000 |
2500.000 |
|
Total |
0.000 |
2500.000 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Bank Guarantee in favour of Commissioner of Customs/ Central Excise for the import of the goods |
14.698 |
14.698 |
|
The Company has received claims |
8.646 |
8.364 |
|
Capital commitments |
61.097 |
198.705 |
FIXED ASSETS
- Furniture and fixtures
- Office equipment
- Computer equipments
- Leasehold improvements
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.64.82 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
60 |
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.