MIRA INFORM REPORT
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Report No. : |
355068 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BARCLAYS TECHNOLOGY CENTRE INDIA PRIVATE LIMITED |
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|
|
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Registered
Office : |
3rd Floor, Block C, Panchshil Tech Park, Yerwada, Opposite Pune Golf Course, Airport Road, Pune – 411006, Maharashtra |
|
Tel. No.: |
91-20-41002500 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
30.03.2007 |
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Com. Reg. No.: |
11-132479 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
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CIN No.: [Company Identification
No.] |
U72200PN2007FTC132479 |
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IEC No.: |
0307031641 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB06395E |
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PAN No.: [Permanent Account No.] |
AADCB1173D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company’s operations predominantly relate to banking
software development services. (Registered Activity) |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
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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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Barclays Mauritius Overseas
Holding Limited”, Mauritius. It was incorporated in the year 2007 and has
fine track. The ratings takes into consideration sound financial risk profile of
the company marked by strong networth base and its comfortable debt level in
the year 2015. Further, the company has reported decent operational
efficiency marked by profit margin of nearly 10% in the year under
consideration. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. In view of strong parent support along with decent financial
condition, the company can be considered 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.
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
31-03-2015.
INFORMATION DENIED
Management non-cooperative (91-20-66952500)
LOCATIONS
|
Registered Office : |
3rd Floor, Block C, Panchshil Tech Park, Yerwada, Opposite Pune Golf Course, Airport Road, Pune – 411006, Maharashtra, India |
|
Tel. No.: |
91-20-41002500 |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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SEZ Unit 1 : |
1st, 2nd and 3rd Floor, Block 1B, Quadron Business Park (previously known as DLF Ackruti IT Park), Hinjewadi, Pune - 411057, Maharashtra, India |
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SEZ Unit 2 : |
Plot No.1, S. No. 77, MIDC Kharadi Knowledge Park, Pune – 411014, Maharashtra, India |
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Branches Overseas : |
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DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Peter John Mccabe |
|
Designation : |
Director |
|
Address : |
B, 21 Lundy Drive, Ellesmere Port, CH65 9JS, Uk, Cheshire, CH659JS, United Kingdom |
|
Date of Birth/Age : |
04.01.1966 |
|
Date of Appointment : |
15.03.2012 |
|
DIN No.: |
05228221 |
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|
|
|
Name : |
Mr. Peter Josse |
|
Designation : |
Director |
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Address : |
The Grange, Prayors Hill, Sible Hedingham, Halstead, C09 3LE, Essex, CO93LE, United Kingdom |
|
Date of Appointment : |
24.11.2014 |
|
DIN No.: |
07013959 |
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|
|
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Name : |
Mr. Manoj Prabhakar Kulkarni |
|
Designation : |
Whole-Time Director |
|
Address : |
S N 62/65, Plot No. 93, Mahatma Society, Kothrud, Pune - 411029, Maharashtra, India |
|
Date of Appointment : |
01.10.2015 |
|
DIN No.: |
07296203 |
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|
|
|
Name : |
Ms. Smita Vishwanathan Nair |
|
Designation : |
Whole-Time Director |
|
Address : |
1 B, Sheeba Housing Society, 41 Aundh Road, Pune - 411020, Maharashtra, India |
|
Date of Appointment : |
20.11.2015 |
|
DIN No.: |
07342265 |
KEY EXECUTIVES
|
Name : |
Mr. Vikrant Chandrashekhar Gandhe |
|
Designation : |
Company Secretary |
|
Address : |
Suncity, C - 201, Off Sinhagad Road, Pune - 411051, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1972 |
|
Date of Appointment : |
21.07.2014 |
|
PAN No.: |
AEHPG9129H |
MAJOR SHAREHOLDERS
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Barclays Mauritius Overseas Holdings Limited, Mauritius |
|
99999 |
|
Barclays Bank PLC, United Kingdom |
|
01 |
|
Total |
|
100000 |
As on 10.09.2014
Equity Share Break up (Percentage of Total Equity)
|
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 : |
The company’s operations predominantly relate to banking
software development services. (Registered Activity) |
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Products / Service : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
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|
Name : |
Price Waterhouse and Company Bangalore LLP Chartered Accountants |
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Address : |
Pune, Maharashtra, India |
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PAN No.: |
AADFP9359C |
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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Holding company : |
Barclays Mauritius Overseas Holdings Limited |
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|
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Ultimate Holding
company : |
Barclays Bank PLC, United Kingdom |
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Other Related
Parties : |
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Fellow Subsidiary
companies : |
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CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/-
each |
Rs.10.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
4460.893 |
4311.076 |
3002.479 |
|
(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) |
4470.893 |
4321.076 |
3012.479 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
52.561 |
44.583 |
13.958 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
39.659 |
22.865 |
6.092 |
|
(d) long-term provisions |
457.602 |
453.008 |
245.802 |
|
Total Non-current
Liabilities (3) |
549.822 |
520.456 |
265.852 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
623.274 |
417.869 |
953.043 |
|
(c) Other current liabilities |
1858.867 |
664.462 |
485.774 |
|
(d) Short-term provisions |
268.849 |
221.000 |
165.187 |
|
Total Current Liabilities
(4) |
2750.990 |
1303.331 |
1604.004 |
|
|
|
|
|
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TOTAL |
7771.705 |
6144.863 |
4882.335 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2149.933 |
1568.979 |
1090.110 |
|
(ii) Intangible Assets |
105.227 |
134.621 |
17.375 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
58.511 |
58.511 |
|
(d) Long-term Loan and Advances |
299.449 |
184.203 |
135.349 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2554.609 |
1946.314 |
1301.345 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1599.910 |
1081.949 |
1094.212 |
|
(d) Cash and cash
equivalents |
3057.725 |
2118.960 |
2098.138 |
|
(e) Short-term loans and
advances |
470.562 |
452.486 |
381.156 |
|
(f) Other current assets |
88.899 |
545.154 |
7.484 |
|
Total Current Assets |
5217.096 |
4198.549 |
3580.990 |
|
|
|
|
|
|
TOTAL |
7771.705 |
6144.863 |
4882.335 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
9530.900 |
|
|
Other Income |
|
|
NA |
|
|
TOTAL |
12417.560 |
11760.310 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
10209.972 |
9636.275 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2207.588 |
2124.035 |
1683.800 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.671 |
4.016 |
0.255 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2199.917 |
2120.019 |
1683.545 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
533.447 |
453.229 |
327.756 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1666.470 |
1666.790 |
1355.789 |
|
|
|
|
|
|
|
Less |
TAX |
413.300 |
358.190 |
264.889 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1253.170 |
1308.600 |
1090.900 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Income from services |
12171.979 |
11546.999 |
NA |
|
|
Reimbursement of expenses |
0.000 |
18.661 |
NA |
|
|
TOTAL EARNINGS |
12171.979 |
11565.660 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
395.411 |
575.241 |
NA |
|
|
TOTAL IMPORTS |
395.411 |
575.241 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
12531.70 |
13086.00 |
10909.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
25.815 |
15.743 |
3.994 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/ Total Income) |
(%) |
10.09 |
11.13 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
17.78 |
18.06 |
17.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.44 |
27.39 |
28.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.39 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.02 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90 |
3.22 |
2.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
3002.479 |
4311.076 |
4460.893 |
|
Net worth |
3012.479 |
4321.076 |
4470.893 |
|
|
|
|
|
|
long-term borrowings |
13.958 |
44.583 |
52.561 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
3.994 |
15.743 |
25.815 |
|
Total borrowings |
17.952 |
60.326 |
78.376 |
|
Debt/Equity ratio |
0.006 |
0.014 |
0.018 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
11760.310 |
12417.560 |
|
|
5.589 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
11760.310 |
12417.560 |
|
Profit |
1308.600 |
1253.170 |
|
|
11.13% |
10.09% |
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 |
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 |
GENERAL INFORMATION
Subject is a subsidiary of Barclays Mauritius Overseas Holdings Limited and its ultimate parent company is Barclays Plc. The company is a technology centre in India which aims to deliver technology solution to Barclays group worldwide. The company is primarily responsible for development, maintenance and enhancement of software for new technologies and platforms and up-gradation, modification of existing software applications and systems.
FINANCIAL RESULTS AND
PERFORMANCE
The Company is in its eighth year of operations. During the year, the Company recorded an increase in the revenue from Rs.11760.310 Million to Rs. 12417.560 Million. Further, the net profit of the Company for the year was Rs. 1253.160 Million compared to Rs. 1308.600 Million in the previous year.
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10605020 |
09/11/2015 |
915,450.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MUMBAI, MAHARASHTRA, INDIA |
C71559348 |
|
2 |
10605021 |
09/11/2015 |
785,683.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI 400013, MAHARASHTRA, INDIA |
C71560056 |
|
3 |
10603720 |
16/10/2015 |
657,055.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70745161 |
|
4 |
10603695 |
16/10/2015 |
616,690.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70745559 |
|
5 |
10603698 |
16/10/2015 |
826,828.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70745765 |
|
6 |
10603666 |
13/10/2015 |
801,410.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70737622 |
|
7 |
10603701 |
13/10/2015 |
933,218.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70738620 |
|
8 |
10603710 |
13/10/2015 |
1,066,660.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70739404 |
|
9 |
10603674 |
13/10/2015 |
916,302.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70740006 |
|
10 |
10603676 |
13/10/2015 |
359,390.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
C70740444 |
* Date of charge modification
FIXED ASSETS
- Furniture and Fixtures
- Vehicles
- 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.66.64 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
63 |
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.