MIRA
INFORM REPORT
|
Report No. : |
338836 |
|
Report Date : |
27.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARANCA (MUMBAI) PRIVATE LIMITED |
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|
|
|
Registered
Office : |
201 and 301, B - Wing, 2nd and 3rd Floor, Supreme, |
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Tel. No.: |
91-22-39379999 |
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Country : |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.04.2004 |
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Com. Reg. No.: |
11-145476 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.360 Million |
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|
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CIN No.: [Company Identification
No.] |
U74130MH2004PTC145476 |
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IEC No.: |
0305071441 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22111F |
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PAN No.: [Permanent Account No.] |
AAECA8402D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into providing Consultancy Services. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 121000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 2004.
It has a satisfactory track record. For the financial year 2014, the company has shown good business scale
along with healthy profit earnings. Further, the company has healthy financial risk profile backed by
decent net worth position and zero debt balance sheet profile. Trade relations are reported as fair. Business is active. Payments
terms are usually correct. 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
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 BY
|
Name : |
Mr. Amit |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-39379999 |
|
Date : |
21.08.2015 |
LOCATIONS
|
Registered Office : |
201 and 301, B - Wing, 2nd and 3rd Floor, Supreme, Business Park,
Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Tel. No.: |
91-22-39379999 |
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Fax No.: |
91-22-39379911 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Madhusudan Rajagopalan |
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Designation : |
Whole-Time Director |
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Address : |
Flat No.81, A, Wing,Bulding No.4, Kalptarv Estate, Andheri
(East), Mumbai-400093, Maharashtra, India |
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Date of Birth/Age : |
28.05.1976 |
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Date of Appointment : |
01.04.2004 |
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DIN No.: |
00058602 |
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Name : |
Mr. Hemendra Aran |
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Designation : |
Director |
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|
Address : |
B-203, Lake Lucerne, Lake Homes, Off Adi, Shankaracharya Marg,
Near Gopal Sharma School, Powai, Mumbai-400076, Maharashtra, India |
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|
Date of Birth/Age : |
05.09.1974 |
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Date of Appointment : |
01.04.2004 |
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DIN No.: |
00058697 |
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Other Directorship :
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Name : |
Mrs. Preethi Gopalarathnam |
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Designation : |
Director |
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|
Address : |
Flat 81, Building 4, Kalpataru Estate, Jogeshwari Vikhroli
Link Road, Andheri - East, Mumbai-400093, Maharashtra, India |
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Date of Birth/Age : |
05.01.1979 |
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Date of Appointment : |
15.06.2005 |
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DIN No.: |
00442954 |
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Name : |
Mrs. Padma Deepak Kapse |
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Designation : |
Director |
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Address : |
D-602, Tawade Complex, Lokmanya Tilak Road, Dahisar
(West), Mumbai-400068, Maharashtra, India |
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|
Date of Birth/Age : |
26.08.1960 |
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Date of Appointment : |
15.06.2005 |
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DIN No.: |
02066962 |
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Other Directorship :
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Name : |
Mr. Christopher David Kingsman |
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Designation : |
Director |
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Address : |
Waldeckstr.13, Grunwald Bei Munchen, 82031, , Germany |
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Date of Birth/Age : |
19.01.1975 |
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Date of Appointment : |
15.09.2005 |
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DIN No.: |
02595099 |
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KEY EXECUTIVES
|
Name : |
Mr. Amit |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
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] |
28.96 |
|
Directors
or relatives of directors |
58.59 |
|
Other
top fifty shareholders |
12.45 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20338836%2027-Aug-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing Consultancy Services. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Not Divulged |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Agarwal Vijay and Associates Chartered Accountants |
|
Address : |
503 Jolly Bhavan No. 1, New Marine Lines, Mumbai-400020, Maharashtra,
India |
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Fax No.: |
91-221-22002604 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AABFA7732N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Companies : |
· Aranca US Inc Aranca UK Limited |
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Joint Venture : |
Aranca Research (Phillipines) Inc |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs. 1/- each |
Rs. 4.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
362018 |
Equity Shares |
Rs. 1/- each |
Rs. 0.362
Million |
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|
|
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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 |
0.360 |
0.360 |
0.326 |
|
(b) Reserves & Surplus |
41.858 |
36.869 |
31.414 |
|
(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) |
42.218 |
37.229 |
31.740 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
(2.653) |
(1.425) |
3.061 |
|
(c) Other long
term liabilities |
0.000 |
0.810 |
0.810 |
|
(d) long-term
provisions |
22.407 |
12.722 |
7.087 |
|
Total Non-current
Liabilities (3) |
19.754 |
12.107 |
10.958 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
9.362 |
8.509 |
6.966 |
|
(c)
Other current liabilities |
41.012 |
39.859 |
24.769 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
50.374 |
48.368 |
31.735 |
|
|
|
|
|
|
TOTAL |
112.346 |
97.704 |
74.433 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
24.085 |
16.834 |
12.135 |
|
(ii)
Intangible Assets |
5.559 |
2.870 |
3.613 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.088 |
0.088 |
0.088 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.372 |
16.660 |
16.660 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
47.104 |
36.452 |
32.496 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
1.900 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
34.775 |
30.382 |
23.911 |
|
(d) Cash
and cash equivalents |
18.575 |
18.322 |
11.332 |
|
(e)
Short-term loans and advances |
11.892 |
10.648 |
6.694 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
65.242 |
61.252 |
41.937 |
|
|
|
|
|
|
TOTAL |
112.346 |
97.704 |
74.433 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.989 |
3.387 |
3.608 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
466.652 |
349.788 |
296.865 |
|
|
TOTAL EARNINGS |
466.652 |
349.788 |
296.865 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.86 |
9.41 |
11.10 |
|
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 Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.27 |
1.32 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
0.326 |
0.360 |
0.360 |
|
Reserves & Surplus |
31.414 |
36.869 |
41.858 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.740 |
37.229 |
42.218 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20338836%2027-Aug-2015_files/image004.gif)
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 |
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 |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10542264 |
24/12/2014 |
91,500,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, GROUND
FLOOR., WADIA INTERNATIONAL CENTER, |
C40062028 |
BACKGROUND OF THE
COMPANY:
The Company is providing consultancy services to various clients which
are Brokerage Firms, Corporate, Investment Management Firms, Independent
Research Providers, Investment Banks, Law Firms, Private Equity/VC Firms,
Research and Consulting Firms and Start Ups all over the world.
The company is a global provider of end-to-end Investment research,
Business research, IRC 409A Valuation and IP Research services.
The company has deep cross-industry expertise and knowledge in over
70+sectors and sub-sectors and leverage this expertise for providing financial
and business research, private company valuation and IP research to our
clients. Among the key global sectors the company actively track includes
Automotive, Commodities, Energy, Financial Services, Healthcare, Industrial,
Infrastructure, Media, Oil and amp, Gas, Retail, Technology, Telecom, Tourism
industry.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Unit 801 and
901, Wing-B, Supreme Business Park, Supreme City, Hirananani Gardens, Powai,
Mumbai-400076, Maharashtra, India to the present address w.e.f 19.02.2013
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Guarantee issued by Company’s Bankers in favour of Excise department by
way of Fixed Deposit |
0.200 |
0.200 |
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixtures
Office
Equipment
Computer
and Software
Intangible Assets
Software
Licence
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. 66.16 |
|
|
1 |
Rs. 103.88 |
|
Euro |
1 |
Rs. 75.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.