MIRA INFORM REPORT
|
Report No. : |
337724 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
J. P. MORGAN SERVICES INDIA PRIVATE LIMITED (w.e.f. 14.06.2000) |
|
|
|
|
Formerly Known
As : |
DIPLOMAT INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
Tel. No.: |
91-22-61252000/ 66954400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.02.2000 |
|
|
|
|
Com. Reg. No.: |
11-124073 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 245.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PTC124073 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD0503B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing software services and information technology enabled services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa (86) |
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is one of the oldest and reputed financial services company.
It offers asset management, corporate and investment bank, private banking
and commercial banking services. Subject is a fortune 500 company with brand name value of USD 11,958
Million and Market cap of USD 109,473 Million. With respect to Indian operations, company possesses strong
operational performance and it has achieved sales turnover of Rs.34259
Million with profit Rs.4154 Million as compared to previous turnover (2013)
of Rs.31462 Million along with a profit of Rs.3795 million. Rating also take into consideration company’s strong financial risk
profile marked by strong operating efficiencies along with adequate net worth
base and strong liquidity profile of the company. Further, it is also to be noted company has diversified business
portfolio backed by its global footprints in financial services segment along
with well experience management team and decent brand recognition among the
customer worldwide. Trade relations are reported as trustworthy. Payments are reported to
be regular and as per commitment. In view of excellent track backed by strong business profile, the company
can be considered good for normal 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 |
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-cooperative (91-80-44160000)
LOCATIONS
|
Registered / Head Office : |
|
|
Tel. No.: |
91-22-61252000/ 66954400 |
|
Fax No.: |
91-22-66953648 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 1 : |
18, Spott Road, Vakils House, Ballard Estate, Mumbai – 400 001,
Maharashtra, India |
|
|
|
|
Corporate Office 2 : |
Prestige Tech
Park, Next To Innovative Multiplex, Outer Ring Road, Sarjapur Main
Road, Marathahalli, Bangalore – 560 037, Karnataka, India |
|
Tel. No.: |
91-80-44160000 |
DIRECTORS
As on 15.07.2014
|
Name : |
Mrs. Kalpana Jaisingh Morparia |
|
Designation : |
Director |
|
Address : |
B/92, Ocean Gold, Twin Towers Lane, Prabhadevi, Mumbai – 400 025, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1949 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No.: |
00046081 |
|
|
|
|
Name : |
Mr. Ravikanth Konteti |
|
Designation : |
Director |
|
Address : |
311-C Wing, Sunrise Building, Raheja Vihar, Powai, Mumbai – 400 072, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1966 |
|
Date of Appointment : |
25.03.2009 |
|
DIN No.: |
00915023 |
|
|
|
|
Name : |
Louis Rauchenberger |
|
Designation : |
Director |
|
Address : |
53, Burtis Ln, Syosset - 11791 New York |
|
Date of Birth/Age : |
03.02.1962 |
|
Date of Appointment : |
15.05.2012 |
|
DIN No.: |
05275269 |
|
|
|
|
Name : |
Mr. Deepak Mangla |
|
Designation : |
Director |
|
Address : |
Kubelisque 7th Floor, Plot No 1629a, Union Park Rd No.1 Pali Hill Bandra West, Mumbai, 400050, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1965 |
|
Date of Appointment : |
05.10.2011 |
|
DIN No.: |
02054545 |
|
|
|
|
Name : |
Mr. Gaurav Ahluwalia |
|
Designation : |
Director |
|
Address : |
G-2, Plot No. 76, Ground Floor, Hill View Apts, Road No. 12, Huda, Banjara Hills, Hyderabad, 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
20.10.1973 |
|
Date of Appointment : |
06.12.2012 |
|
DIN No.: |
03315327 |
|
|
|
|
Name : |
William Scott Wallace |
|
Designation : |
Director |
|
Address : |
1164, Skelp Level Road, Downingtown, Pa 19335 - 4031, Downingtown, 19335, , United States of America |
|
Date of Birth/Age : |
11.12.1962 |
|
Date of Appointment : |
06.12.2012 |
|
DIN No.: |
06439147 |
|
|
|
|
Name : |
Mark William O'donovan |
|
Designation : |
Director |
|
Address : |
807 Ontario Court,, Franklin Lakes, New Jersey, 07417, , United States of America |
|
Date of Birth/Age : |
17.07.1970 |
|
Date of Appointment : |
19.03.2013 |
|
DIN No.: |
06525559 |
|
|
|
|
Name : |
Daniel Wilkening Dennman |
|
Designation : |
Director |
|
Address : |
2420, Golf View Dr.,, River Falls, WI, River Falls, 54022, , United States of America |
|
Date of Birth/Age : |
11.03.1966 |
|
Date of Appointment : |
31.05.2013 |
|
DIN No.: |
06624450 |
|
|
|
|
Name : |
Mr. Yogesh Malhotra |
|
Designation : |
Director |
|
Address : |
901/902, Avinash Housing Society, Road No.3,, Union Park, Pali Hill, Bandra West, Mumbai-400050, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1966 |
|
Date of Appointment : |
18.9.2013 |
|
DIN No.: |
06710983 |
|
|
|
|
Name : |
Dana Scott Deasy |
|
Designation : |
Director |
|
Address : |
63 Willow Avenue, Larchmont, 10538, , United States Of America |
|
Date of Appointment : |
18.09.2014 |
|
DIN No.: |
06971416 |
|
|
|
|
Name : |
Mr. Shashanka Sharma |
|
Designation : |
Director |
|
Address : |
A/1503 Avalon Apt,, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Appointment : |
02.12.2014 |
|
DIN No.: |
07009160 |
|
|
|
|
Name : |
Scott David Sandler |
|
Designation : |
Director |
|
Address : |
51, Franklin Ave, Rye, Rye, 10580, , United States Of America |
|
Date of Appointment : |
02.12.2014 |
|
DIN No.: |
07028063 |
|
|
|
|
Name : |
Sanoke Viswanathan |
|
Designation : |
Director |
|
Address : |
Flat 6, Alexandra Court,, 171-175 Queens Gate,, London, Sw75hg, , United Kingdom |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
07071691 |
KEY EXECUTIVES
|
Name : |
Mrs. Priya Murthy Ananthan |
|
Designation : |
Secretary |
|
Address : |
1B/203, Acme Complex, Goregaon-Mulund Link Road, Goregaon West, Mumbai-400062, Maharashtra, INDIA |
|
Date of Birth/Age : |
07.02.1973 |
|
Date of Appointment : |
26.03.2014 |
|
PAN No.: |
ABTPA4212G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
J. P. Morgan Services Asia Holdings Limited, |
|
24478896 |
|
J. P. Morgan International Finance Limited, |
|
104 |
|
Total |
|
24479000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.07.2014
|
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 : |
Subject is engaged in providing software services and information technology enabled services. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Group holding
company |
· JPMorgan Chase and Company |
|
|
|
|
Holding companies : |
· J.P. Morgan Services Asia Holdings Limited, Mauritius · J.P. Morgan Services Asia Holdings Inc, United States of America |
|
|
|
|
Fellow subsidiaries
(with whom the Company has had transactions during the year) : |
·
JPMorgan Chase Bank, N.A., and its branches · J.P. Morgan (S.E.A.) Limited · J.P. Morgan Securities (Asia Pacific) Limited · J.P. Morgan Chase Bank, Berhad · J.P. Morgan Australia Limited · J.P. Morgan Securities Australia Limited · JPMorgan Asset Management (UK) Limited · J.P. Morgan (Suisse) SA · J.P. Morgan Asset Management (Japan) Limited · JPMorgan Securities Japan Co. Limited · J.P. Morgan Retirement Plan Services LLC · J.P. Morgan Securities Plc · J.P. Morgan Securities LLC · J.P. Morgan Investment Management Inc. · J.P. Morgan Securities India Private Limited · J.P. Morgan India Private Limited (“JPMIPL”) · J.P. Morgan Advisors India Private Limited |
CAPITAL STRUCTURE
As on 15.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 280.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,479,000 |
Equity Shares |
Rs.10/- each |
Rs. 244.790
Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 280.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 245.000
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 |
245.000 |
245.000 |
80.000 |
|
(b) Reserves & Surplus |
20949.000 |
16795.000 |
13725.000 |
|
(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) |
21194.000 |
17040.000 |
13805.000 |
|
|
|
|
|
|
(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 |
223.000 |
270.000 |
235.000 |
|
(d) long-term
provisions |
522.000 |
494.000 |
446.000 |
|
Total Non-current
Liabilities (3) |
745.000 |
764.000 |
681.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
759.000 |
719.000 |
709.000 |
|
(c) Other
current liabilities |
1580.000 |
1373.000 |
1379.000 |
|
(d) Short-term
provisions |
265.000 |
203.000 |
191.000 |
|
Total Current
Liabilities (4) |
2604.000 |
2295.000 |
2279.000 |
|
|
|
|
|
|
TOTAL |
24543.000 |
20099.000 |
16765.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2669.000 |
3221.000 |
3804.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
61.000 |
48.000 |
181.000 |
|
(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) |
1082.000 |
856.000 |
633.000 |
|
(d) Long-term Loan and Advances |
2341.000 |
1451.000 |
1395.000 |
|
(e) Other
Non-current assets |
1.000 |
336.000 |
462.000 |
|
Total Non-Current
Assets |
6154.000 |
5912.000 |
6475.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
702.000 |
122.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
3333.000 |
3074.000 |
2621.000 |
|
(d) Cash
and cash equivalents |
14548.000 |
9692.000 |
6694.000 |
|
(e)
Short-term loans and advances |
412.000 |
682.000 |
758.000 |
|
(f) Other
current assets |
96.000 |
37.000 |
95.000 |
|
Total
Current Assets |
18389.000 |
14187.000 |
10290.000 |
|
|
|
|
|
|
TOTAL |
24543.000 |
20099.000 |
16765.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
34259.000 |
31462.000 |
27845.000 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
7521.000 |
6815.000 |
5602.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1269.000 |
1337.000 |
1321.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6252.000 |
5478.000 |
4281.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2098.000 |
1683.000 |
1420.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
4154.000 |
3795.000 |
2861.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
16793.000 |
13054.000 |
10193.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to capital redemption reserve |
0.000 |
56.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
20947.000 |
16793.000 |
13054.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
169.55 |
154.90 |
357.63 |
|
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) operation |
6106.000 |
5816.000 |
280.000 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
12.13 |
12.06 |
10.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.72 |
28.54 |
26.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.32 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.06 |
6.18 |
4.52 |
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 |
80.000 |
245.000 |
245.000 |
|
Reserves & Surplus |
13725.000 |
16795.000 |
20949.000 |
|
Net
worth |
13805.000 |
17040.000 |
21194.000 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
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) |
|
Revenue from Operations |
27845.000 |
31462.000 |
34259.000 |
|
|
|
12.990 |
8.890 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from Operations |
27845.000 |
31462.000 |
34259.000 |
|
Profit |
2861.000 |
3795.000 |
4154.000 |
|
|
10.27% |
12.06% |
12.13% |
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 |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
21] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
|
LITIGATION DETAILS |
||||||
|
Bench:- Bombay |
||||||
|
Presentation
Date:- 01/07/2014 |
||||||
|
Lodging No. : |
ITXAL/1254/2014 |
Failing Date:- |
01/07/2014 |
Reg. No.:- |
ITXA/1599/2014 |
|
|
Reg. Date:- |
30/10/2014 |
|
|
|
|
|
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX –4- |
Respondent:- |
M/S.J. P. MORGAN INDIAN PVT LTD |
|||
|
Petn.Adv:- |
A.R. MALHOTRA (0) |
Resp. Adv:- |
PDS LEGAL (826) |
|||
|
District:- |
MUMBAI |
|||||
|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
|||
|
Status:- |
Pre-Admission |
Stage:- |
FOR REJECTION [ORIGNAL SIDE MATTERS] |
|||
|
Next Date:- |
22/09/2015 |
Stage:- |
-- |
|||
|
Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|
|
|||
|
Act. : |
Income Tax Act, 1961 |
Under Section: |
260A |
|||
FINANCIAL RESULTS:
The revenue from operations of the Company has grown from INR 31,462 million for the year ended March 2013 to INR 34,259 million for the year ended March 2014. The headcount (FTE) during the same period has increased from 16,175 to 17,712. The total investment in fixed assets during the financial year was INR 731 million.
FIXED ASSETS
- Leasehold Improvements
- Office Equipments
- Computers
- Furniture and Fixtures
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 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.65.24 |
|
|
1 |
Rs.102.21 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
10 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILITY |
1~10 |
10 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
10 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
86 |
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.