MIRA INFORM REPORT
|
Report No. : |
307584 |
|
Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANGEL BROKING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-1, Ground Floor Akruti Trade Centre, Road No-7, MIDC
Andheri East, |
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|
Country : |
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Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
08.08.1996 |
|
|
|
|
Com. Reg. No.: |
11-101709 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.143.642 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1996PTC101709 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM10723G / MUMA46201B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM6094R |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company has been providing stock broking services to its various clients and earning brokerage as revenue from them. The Company has also been providing portfolio management services, mutual fund distribution services and other financial products. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 having satisfactory track.
Profitability of the company is fair. General financials of the company
appears to be satisfactory as well. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE: The company was
earlier known as Angel Broking Limited (ABL). It was a subsidiary of Angel
Global Capital Private Limited (AGCPL). Both the companies entered into
amalgamation on April 1, 2012 and got their name changes to Angel Broking
Private Limited (ABPL). |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-22-40003600 / 30940000 / 39413940)
LOCATIONS
|
Registered Office : |
G-1, Ground Floor Akruti Trade Centre, Road No-7, MIDC
Andheri East, |
|
Tel. No.: |
91-22-40003600 / 30940000 / 39413940 |
|
Fax No.: |
91-22-39357699 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dinesh D Thakkar |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 1401, 14th Floor, A - Wing, Bldg. No. 2, Raheja Classique, Oshiwara,
New Link Road, Andheri West, Mumbai - 400061, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1962 |
|
Date of Appointment : |
23.10.2007 |
|
DIN No.: |
00004382 |
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Name : |
Mr. Lalit Thakkar Tarachand |
|
Designation : |
Director |
|
Address : |
1601/B Vikas Paradise Building, LBS Marg, Mulund (West), Mumbai -
400080, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1969 |
|
Date of Appointment : |
03.08.2010 |
|
DIN No.: |
00004820 |
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|
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|
Name : |
Mr. Amit Pranab Kumar Majumdar |
|
Designation : |
Director |
|
Address : |
D-1801/1802, 18th Floor, Lake Lucerne, Lake Homes, Phase-3, Off. A. S.
Marg, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1972 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01633369 |
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|
Name : |
Mr. Nikhil Hiralal Daxini |
|
Designation : |
Director |
|
Address : |
906, E Wing 9th Floor, Whispering Palms, XX-Clusive, Building 9,
Lokhandwala Township Akurli Road, Kandivli East, Mumbai - 400101,
Maharashtra, India |
|
Date of Birth/Age : |
23.02.1976 |
|
Date of Appointment : |
20.07.2007 |
|
DIN No.: |
01639807 |
|
|
|
|
Name : |
Mr. Vinay Agrawal |
|
Designation : |
Director |
|
Address : |
F-1701, Whispering Palms, Xxclusive, Lokhandwala Township, Akurli Road,
Kandivali East, Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
26.03.1977 |
|
Date of Appointment : |
23.10.2007 |
|
DIN No.: |
01773822 |
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|
|
|
Name : |
Mr. Santanu Syam |
|
Designation : |
Director |
|
Address : |
191 Kalpataru Hights, Dr. A L Nair Road, Near Agripada P S, Mumbai
Central, Mumbai - 400011, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1966 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03163144 |
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|
|
|
Name : |
Mr. Sita Srinivasa Ramaswami |
|
Designation : |
Director |
|
Address : |
Revills, 5th Floor, Flat #11, 45 Cuffe Parade, Mumbai, 400005,
Maharashtra, India |
|
Date of Birth/Age : |
01.03.1951 |
|
Date of Appointment : |
16.07.2014 |
|
DIN No.: |
06871879 |
KEY EXECUTIVES
|
Name : |
Mr. Sangeeta M Shetty |
|
Designation : |
Secretary |
|
Address : |
C-205, Sai Aasha Daya, Near Neelam Nagar Phase II, Jain Mandir, Mulund
(East), Mumbai - 400081, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1980 |
|
Date of Appointment : |
01.06.2012 |
|
PAN No.: |
BAHPS9816E |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ashok Dariyanumal Thakkar |
639984 |
|
Deepak T Thakkar |
704231 |
|
Nirwan Monetary Services Pvt. Ltd. |
1213062 |
|
Dinesh D Thakkar |
3353761 |
|
Lalit T Thakkar |
1812356 |
|
Kanta Dinesh Thakkar |
1084 |
|
Dinesh D Thakkar HUF |
123388 |
|
Mahesh D Thakkar |
616 |
|
Jaya Prakash Ramchandani (Naina Thakkar) |
154 |
|
Sunita Magnani |
150000 |
|
Nita Thakkar |
50000 |
|
Ashwin S Thakker |
100000 |
|
Mukesh Gandhi jointly with Bela Mukesh Gandhi |
1116300 |
|
Bela M Gandhi jointly with Mukesh Gandhi |
408903 |
|
Nishith Jitendra Shah jointly with Jitendra Nimchand Shah |
817500 |
|
Bharat Chimanlal Shah Jointly with Hansa Bharat Shah |
690394 |
|
Hansa Bharat Shah jointly with Bharat Chimanlal Shah |
82244 |
|
Ekta Bharat Shah Jointly with Bharat C Shah |
44862 |
|
Ashok Popatlal Shah |
204964 |
|
Chandresh Popatlal Shah |
204963 |
|
Manjula Ramnik Gala |
10000 |
|
Rajiv R Phadke |
8903 |
|
Amit Majumdar |
8903 |
|
Vinay Agrawal |
8903 |
|
Nikhil H Daxini |
5935 |
|
Ketan B Shah |
5936 |
|
Pinky Kothari |
4155 |
|
Nishita H Mehta jointly with Haresh Govind Mehta |
1187 |
|
Govind R. Mehta jointly with Asha Govind Mehta |
1187 |
|
Romi G. Mehta jointly with Asha G Mehta |
1187 |
|
Asha Govind Mehta jointly with Govind R Mehta |
2374 |
|
Roy H Thomas |
1187 |
|
International Finance Corporation (IFC) |
2585552 |
|
|
|
|
Total |
14364175 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings [Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others] |
18.00 |
|
Bodies corporate |
8.45 |
|
Directors or relatives of Directors |
46.35 |
|
Other top fifty shareholders |
27.20 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company has been providing stock broking services to its various clients and earning brokerage as revenue from them. The Company has also been providing portfolio management services, mutual fund distribution services and other financial products. |
|
|
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|
Products / Services : |
· Stock Broking Services · Portfolio Management Services · Mutual Fund Distribution Services ·
Financial Products |
|
|
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
Bank of India, Stock Exchange Branch, Ground Floor, P. J. Towers, (New Stock Exchange Building) Dalal Street, Fort, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar, Marg, Shivaji Park, Dadar(West), Mumbai, Maharashtra, India |
|
PAN No.: |
AADFP9359C |
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Membership : |
-- |
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Subsidiary company
: |
· Mimansa Software Systems Private Limited · Angel Wellness Private Limited · Angel Securities Limited · Angel Fincap Private Limited · Angel Financial Advisors Private Limited · Angel Commodities Broking Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
Rs.10/- each |
Rs.420.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14364175 |
Equity Shares |
Rs.10/- each |
Rs.143.642 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
143.642 |
143.642 |
143.642 |
|
(b) Reserves & Surplus |
2442.184 |
2454.839 |
1843.309 |
|
(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) |
2585.826 |
2598.481 |
1986.951 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
250.000 |
250.000 |
261.765 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
55.130 |
|
(d) long-term
provisions |
11.107 |
14.702 |
1.433 |
|
Total Non-current
Liabilities (3) |
261.107 |
264.702 |
318.328 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1166.373 |
1017.937 |
0.000 |
|
(b) Trade
payables |
2517.095 |
1732.573 |
17.915 |
|
(c) Other
current liabilities |
776.680 |
1915.578 |
42.324 |
|
(d) Short-term
provisions |
5.072 |
4.470 |
27.821 |
|
Total Current
Liabilities (4) |
4465.220 |
4670.558 |
88.060 |
|
|
|
|
|
|
TOTAL |
7312.153 |
7533.741 |
2393.339 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1034.157 |
1112.647 |
740.097 |
|
(ii)
Intangible Assets |
27.997 |
19.908 |
0.809 |
|
(iii)
Capital work-in-progress |
0.000 |
12.343 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1009.658 |
1009.658 |
1091.010 |
|
(c) Deferred tax assets (net) |
12.848 |
2.728 |
0.547 |
|
(d) Long-term Loan and Advances |
434.934 |
443.272 |
65.900 |
|
(e) Other
Non-current assets |
16.046 |
85.232 |
0.000 |
|
Total Non-Current
Assets |
2535.640 |
2685.788 |
1898.363 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.547 |
0.816 |
32.737 |
|
(c) Trade
receivables |
1476.242 |
1268.478 |
0.000 |
|
(d) Cash
and cash equivalents |
2306.644 |
3219.774 |
47.829 |
|
(e)
Short-term loans and advances |
567.290 |
331.194 |
414.410 |
|
(f) Other
current assets |
425.790 |
27.691 |
0.000 |
|
Total
Current Assets |
4776.513 |
4847.953 |
494.976 |
|
|
|
|
|
|
TOTAL |
7312.153 |
7533.741 |
2393.339 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME (A) |
2560.548 |
3005.320 |
272.489 |
|
|
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES (B) |
2234.099 |
2494.640 |
45.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
326.449 |
510.680 |
226.639 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
136.057 |
226.648 |
88.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
190.392 |
284.032 |
138.139 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
107.006 |
130.058 |
15.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
83.386 |
153.974 |
122.603 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.186 |
62.395 |
40.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
64.200 |
91.579 |
82.419 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
719.593 |
127.101 |
119.460 |
|
|
|
|
|
|
|
|
|
Add |
ACQUIRED DURING AMALGAMATION |
0.000 |
534.492 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
68.948 |
22.983 |
21.501 |
|
|
|
Final Dividend |
7.907 |
0.000 |
22.983 |
|
|
|
Dividend Distribution Tax |
0.000 |
3.728 |
7.217 |
|
|
|
Transfer to Reserve |
6.419 |
6.868 |
23.077 |
|
|
BALANCE CARRIED
TO THE B/S |
700.519 |
719.593 |
127.101 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.47 |
6.38 |
5.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.33 |
2.37 |
9.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.06 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.49 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.04 |
5.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
143.642 |
143.642 |
143.642 |
|
Reserves & Surplus |
1843.309 |
2454.839 |
2442.184 |
|
Net
worth |
1986.951 |
2598.481 |
2585.826 |
|
|
|
|
|
|
long-term borrowings |
261.765 |
250.000 |
250.000 |
|
Short term borrowings |
0.000 |
1017.937 |
1166.373 |
|
Total
borrowings |
261.765 |
1267.937 |
1416.373 |
|
Debt/Equity
ratio |
0.132 |
0.488 |
0.548 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
272.489 |
3005.320 |
2560.548 |
|
|
|
1,002.914 |
(14.799) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
272.489 |
3005.320 |
2560.548 |
|
Profit |
82.419 |
91.579 |
64.200 |
|
|
30.25% |
3.05% |
2.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE NOT AVAILABLE.
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
SCHEME OF ARRANGEMENT AND AMALGAMATION:
The Scheme of arrangement and amalgamation (Scheme) was entered into between Angel Global Capital Private Limited (AGCPL) and Angel Broking Limited (ABL), pursuant to section 391 to 394 read with section 78 and 100 to 103 of the Companies Act, 1956. The Scheme was sanctioned by the Hon'ble High Court of Bombay on March 2, 2012. The documents of the respective companies were filed with Registrar of Companies on 31st March, 2012. The scheme is operational from the appointed date i.e. April 1, 2012 or effective date i.e. March 31, 2012, whichever is later. As a result of the above, the Company made an application for surrender of NBFC Registration license issued by Reserve Bank of India (RBI), vide letter dated March 30, 2012, with effect from April 1, 2012 and awaiting final approval from RBI.
The significant matters dealt under the Scheme are:
1. Pursuant to the Scheme becoming operational, the Company’s name has been changed from AGCPL to Angel Broking Private Limited (the 'Company').
2. The Authorised Share Capital of the Company was increased to Rs.420.000 Millions/- divided into Rs.42.000 Millions Equity Shares of Rs.10/- (Rupees Ten only) each by inclusion of Authorised Capital of erstwhile ABL of Rs.260.000 Millions. Divided into Rs.26.000 Millions Equity Shares of Rs.10/- (Rupees Ten only) each.
3. The Company has carried out the accounting treatment prescribed in the Scheme as approved by the Hon’ble High Court of Bombay. The required disclosures for accounting of Scheme as per the ‘Pooling of Interest Method’ as given under Accounting Standards 14 ‘Accounting for Amalgamation’ as prescribed under the Companies (Accounting Standards) Rules, 2006 has been provided as below:
a) No consideration is payable or receivable on implementation of the Scheme as the Scheme involves a wholly owned subsidiary.
b) Pursuant to Scheme, the difference between net assets value (assets minus liabilities) of ABL transferred to AGCPL, (after making adjustments of share capital and inter corporate deposits/loans and advances/balances outstanding) amounting to Rs.83.853 Millions has been debited to Securities Premium Account of the Company.
4. Had the Scheme not been implemented, as per Accounting Standard-14 ‘Accounting for Amalgamation’, the difference as aforesaid would have been debited to reserves instead of Securities Premium Account of transferee company. Accordingly, reserves are overstated to the extent of Rs.83.853 Millions and securities premium is understated by equivalent amount.
During the year, the name of the Company ABL has been continuing in the of stock exchanges and banks, and all documents for trading operations with exchanges, due to pending approval of change of name to ABPL with the concerned exchanges. However, subsequent to the Balance Sheet date, the Company's name has been updated as ABPL with concerned exchanges.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10474532 |
10/01/2014 |
1,350,000,000.00 |
BANK OF INDIA |
STOCK
EXCHANGE BRANCH, GROUND FLOOR, P.J.TOWERS,, |
B95066049 |
|
2 |
10357099 |
30/03/2012 |
1,000,000,000.00 |
BANK OF INDIA |
STOCK
EXCHANGE BRANCH, PHIROZE JEEJEEBHOY TOWER, NEW STOCK EXCHANGE BUILDING,,
MUMBAI, MAHARASHTRA |
B40123788 |
|
3 |
10308988 |
20/06/2012 * |
100,000,000.00 |
STANDARD CHARTERED BANK LIMITED |
23, NARAYAN MANZIL, BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B42684118 |
|
4 |
10277082 |
31/03/2011 |
1,050,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B09565607 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 records 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.62.15 |
|
|
1 |
Rs.94.72 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
44 |
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.