MIRA INFORM REPORT
|
Report No. : |
337745 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
JARDINE LLOYD THOMPSON INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1001-A, Supreme Business Park, Supreme City, Hiranandani Gardens,
Powai, Mumbai – 400 076, Maharashtra |
|
Tel. No.: |
91-22-42742000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-170605 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.072
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2007FTC170605 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMJ12735C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ8288K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged into providing IT Enabled Services. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (73) |
|
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 |
|
Maximum Credit Limit : |
USD 1885000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of JLT Benefit Solutions Limited, United Kingdom which belongs to Jardine Lloyd Thompson Group PLC Group, which is one of the largest global insurance brokers by revenues as on the year 2014 and belongs to Fortune 500 companies. It is established company having fine track. Rating strengthens on account of strong networth base along with debt free capital structure of the company. Further company has strong operational efficiency marked by decent revenue base and strong profit margin in FY14. Further, trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitment. In view of strong managerial and technical support from
holding company, the subject can be considered normal for business dealings
with 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.: 91-22-42743000/ 42742001)
LOCATIONS
|
Registered Office : |
1001-A, Supreme Business Park, Supreme City, Hiranandani Gardens, Powai,
Mumbai – 400 076, Maharashtra , India |
|
Tel. No.: |
91-22-42742000 |
|
Fax No.: |
91-22-42742001 |
|
E-Mail : |
DIRECTORS
AS ON 25.09.2014
|
Name : |
Balamurugan
Viswanathan |
|
Designation : |
Director |
|
Address : |
2102,
A Wing, Avalon, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra,
India |
|
Date of Birth/Age : |
14.01.1972 |
|
Date of Appointment : |
11.12.2008
|
|
DIN No.: |
01129350 |
|
PAN No.: |
ACVPB6429M |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U93090MH2006FTC165609 |
PATERNOSTER INDIA PRIVATE
LIMITED |
Director |
17/12/2007 |
20/11/2006 |
08/07/2011 |
Amalgamated |
NO |
|
2 |
U74900MH2007FTC170605 |
JARDINE LLOYD THOMPSON
INDIA PRIVATE LIMITED |
Director |
11/12/2008 |
04/05/2007 |
- |
Active |
NO |
|
3 |
U67200MH2003PTC143312 |
JLT INDEPENDENT INSURANCE
BROKERS PRIVATE LIMITED |
Director |
02/09/2014 |
01/07/2014 |
- |
Active |
NO |
|
|
|
|
Name : |
Ian
Miles Robinson |
|
Designation : |
Director |
|
Address : |
Heybridge
Lodge, Roman Road, Ingatestone, CM49AE, United Kingdom |
|
Date of Birth/Age : |
20.05.1958 |
|
Date of Appointment : |
11.12.2008
|
|
DIN No.: |
01749747 |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74900MH2007FTC170605 |
JARDINE LLOYD THOMPSON INDIA
PRIVATE LIMITED |
Director |
11/12/2008 |
14/12/2007 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr.
Puneet Satyawadi |
|
Designation : |
Director |
|
Address : |
Florentine,
A-601, Hiranandani Gardens, Main Street, Powai, Mumbai – 400 076,
Maharashtra, India |
|
Date of Birth/Age : |
04.11.1975 |
|
Date of Appointment : |
11.12.2008
|
|
DIN No.: |
01883800 |
|
PAN No.: |
AELPS6753D |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74900MH2007FTC170605 |
JARDINE LLOYD THOMPSON
INDIA PRIVATE LIMITED |
Director |
11/12/2008 |
14/12/2007 |
- |
Active |
NO |
|
|
|
|
Name : |
Posiyano
Bastian Alphanso |
|
Designation : |
Director |
|
Address : |
101
A, Raheja Solitaire, Near Telephone Exchange, Goregaon (West), Mumbai – 400
062, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1968 |
|
Date of Appointment : |
21.09.2012
|
|
DIN No.: |
01904890 |
|
PAN No.: |
ABRPA1654N |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at current
designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U93090MH2006FTC165609 |
PATERNOSTER INDIA PRIVATE
LIMITED |
Director |
17/12/2007 |
17/12/2007 |
01/07/2011 |
Amalgamated |
NO |
|
2 |
U74900MH2007FTC170605 |
JARDINE LLOYD THOMPSON
INDIA PRIVATE LIMITED |
Director |
21/09/2012 |
06/09/2011 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr.
Michael Peter Methley |
|
Designation : |
Director |
|
Address : |
Downe
House, Hazel Grove, Hindhead, GU266BJ, United Kingdom |
|
Date of Birth/Age : |
20.08.1965 |
|
Date of Appointment : |
28.09.2009
|
|
DIN No.: |
02653561 |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74900MH2007FTC170605 |
JARDINE LLOYD THOMPSON
INDIA PRIVATE LIMITED |
Director |
28/09/2009 |
10/02/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr.
Rajeev Trilokinath Gupta |
|
Designation : |
Director |
|
Address : |
D-9,
2nd Floor, Juhu Apartment, Juhu Road, Mumbai – 400 049,
Maharashtra, India |
|
Date of Birth/Age : |
31.08.1972 |
|
Date of Appointment : |
25.09.2014
|
|
DIN No.: |
06782710 |
|
PAN No.: |
AAKPG3046N |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at current
designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74900MH2007FTC170605 |
JARDINE LLOYD THOMPSON
INDIA PRIVATE LIMITED |
Director |
25/09/2014 |
09/01/2014 |
- |
Active |
NO |
|
|
|
|
Name : |
Patrick
Nigel Christopher Gale |
|
Designation : |
Additional
Director |
|
Address : |
62
High Street Milton, Abingdon Oxfordshire, NA, OX144EJ, United Kingdom |
|
Date of Appointment : |
20.07.2015 |
|
DIN No.: |
07202064 |
|
|
|
|
Name : |
Richard
Reginald Edward Gurney |
|
Designation : |
Additional
Director |
|
Address : |
The
Old School, Church End, Leckhampstead, Buckingham, MK185NU, NA, NA, United
Kingdom |
|
Date of Appointment : |
20.07.2015 |
|
DIN No.: |
07238306 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
JLT Benefit Solutions Limited, London, United Kingdom |
726480 |
90.00 |
|
Profund Solutions Limited, London, United Kingdom |
80720 |
10.00 |
|
Total |
807200 |
100.00 |
AS ON 25.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged into providing IT Enabled 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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management. |
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|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Kedia Kunj, 2nd Floor, 23, J.B. Nagar,
Andheri (East), Mumbai – 400 059, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding Company: |
Jardine Lloyd Thompson
Group Plc |
|
|
|
|
Holding Company: |
Jardine Lloyd Thompson
Benefit Solutions Limited, United Kingdom |
|
|
|
|
Fellow Subsidiary Companies: |
|
CAPITAL STRUCTURE
AS ON 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
807200 |
Equity Shares |
Rs.10/- each |
Rs.8.072
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 |
8.072 |
8.072 |
8.072 |
|
(b) Reserves &
Surplus |
651.516 |
525.166 |
338.573 |
|
(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) |
659.588 |
533.238 |
346.645 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
290.840 |
241.924 |
11.022 |
|
(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 |
27.833 |
27.310 |
21.095 |
|
Total Non-current
Liabilities (3) |
318.673 |
269.234 |
32.117 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
45.640 |
38.829 |
24.260 |
|
(c) Other current
liabilities |
254.038 |
297.584 |
65.364 |
|
(d) Short-term provisions |
9.613 |
8.954 |
5.193 |
|
Total Current Liabilities
(4) |
309.291 |
345.367 |
94.817 |
|
|
|
|
|
|
TOTAL |
1287.552 |
1147.839 |
473.579 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
252.662 |
282.448 |
39.256 |
|
(ii) Intangible Assets |
2.138 |
3.278 |
2.671 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development or work-in-progress |
6.215 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
29.853 |
25.363 |
3.790 |
|
(d) Long-term Loan and Advances |
281.305 |
192.255 |
111.346 |
|
(e) Other Non-current
assets |
13.585 |
12.651 |
10.284 |
|
Total Non-Current Assets |
585.758 |
515.995 |
167.347 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
358.728 |
149.250 |
87.759 |
|
(d) Cash and cash
equivalents |
287.299 |
343.849 |
198.990 |
|
(e) Short-term loans and
advances |
53.759 |
137.494 |
13.766 |
|
(f) Other current assets |
2.008 |
1.251 |
5.717 |
|
Total Current Assets |
701.794 |
631.844 |
306.232 |
|
|
|
|
|
|
TOTAL |
1287.552 |
1147.839 |
473.579 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1161.110 |
794.130 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1468.150 |
1161.110 |
794.130 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
1207.900 |
926.450 |
636.715 |
|
|
|
TOTAL |
1207.900 |
926.450 |
636.715 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
260.250 |
234.660 |
157.415 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
46.200 |
33.830 |
28.238 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
214.050 |
200.830 |
129.177 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
87.700 |
14.240 |
14.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
126.350 |
186.590 |
114.946 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1446.150 |
1131.239 |
781.586 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
156.53 |
231.16 |
142.40 |
|
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
8.61 |
16.07 |
14.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.10 |
17.89 |
27.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.38 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.45 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.27 |
1.83 |
3.23 |
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 |
8.072 |
8.072 |
8.072 |
|
Reserves & Surplus |
338.573 |
525.166 |
651.516 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
346.645 |
533.238 |
659.588 |
|
|
|
|
|
|
Long-term borrowings |
11.022 |
241.924 |
290.840 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
11.022 |
241.924 |
290.840 |
|
Debt/Equity ratio |
0.032 |
0.454 |
0.441 |
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 |
|
Total Income |
794.130 |
1161.110 |
1468.150 |
|
|
|
46.212 |
26.444 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Total Income |
794.130 |
1161.110 |
1468.150 |
|
Profit |
114.946 |
186.590 |
126.350 |
|
|
14.47% |
16.07% |
8.61% |
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 |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been
shifted from 1103, 11th Floor, Kensington 'A' Wing, Special Economic Zone,
Hiranandani Business Park, Powai, Mumbai – 400 076, Maharashtra to the present address w.e.f. 14.12.2012.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Fully convertible debentures banks |
11.022 |
11.022 |
|
Other external commercial borrowings |
279.818 |
230.902 |
|
Total |
290.840 |
241.924 |
INDEX
OF CHARGES:
No Charges Exist for Company.
FIXED ASSETS:
Tangible Assets
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Leasehold Improvements
Intangible Assets
·
Computer Software
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.66.51 |
|
UK Pound |
1 |
Rs.104.01 |
|
Euro |
1 |
Rs.76.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
73 |
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.