MIRA INFORM REPORT
|
Report No. : |
308385 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CREDIT INFORMATION BUREAU (INDIA) LIMITED |
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|
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Registered
Office : |
Hoechest House, 6th Floor, 193 Backbay
Reclamation, Nariman Point, Mumbai – 400021, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.08.2000 |
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Com. Reg. No.: |
11-128359 |
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Capital Investment
/ Paid-up Capital : |
Rs. 250.000 Millions |
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CIN No.: [Company Identification
No.] |
U72300MH2000PLC128359 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC08180E |
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PAN No.: [Permanent Account No.] |
AABCC8003B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Credit Information Services. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
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 : |
Exist |
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Comments : |
Subject is an established company having fine track record. The
company’s balance sheet is totally debt free, financial position of the company
is strong and healthy. Fundamentals of the company is decent. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitments. The company can be considered normal 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.
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 PARTED BY
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-66384600/ 66384666)
LOCATIONS
|
Registered Office / Corporate Office : |
Hoechest House, 6th Floor, 193 Backbay
Reclamation, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-66384666/ 61404300/ 66384600 |
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Fax No.: |
91-22-66384666 |
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E-Mail : |
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Website : |
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Branch Office : |
Hoechest House, 7th Floor, 193, Backbay Reclamation,
Nariman Point, Mumbai – 400021, Maharashtra, India |
DIRECTORS
As on 15.07.2014
|
Name : |
Mr. Arun Thukral |
|
Designation : |
Managing Director |
|
Address : |
5-S, Pemino, 2nd Floor, S.K. Barodawala Marg (Altamount Road)
Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1953 |
|
Qualification : |
Diploma in Sales and Marketing, MA, BA (Honors) |
|
Date of Appointment : |
01.12.2006 |
|
PAN No.: |
ACDPT9164D |
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DIN No.: |
00974749 |
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|
|
|
Name : |
Mr. Vishwanathan Mavila Nair |
|
Designation : |
Director |
|
Address : |
1902 A, Vivaria, Hindustan Mills Compound, Mahalaxmi, Satrasta, Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1952 |
|
Date of Appointment : |
22.08.2011 |
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DIN No.: |
02284165 |
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Name : |
Mrs. Renu Sud Karnad |
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Designation : |
Director |
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Address : |
BB-14, Greater Kailash Enclave, Part II, New Delhi – 110048, India |
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Date of Birth/Age : |
03.09.1952 |
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Qualification : |
Master in Economics, LLB |
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Date of Appointment : |
20.02.2001 |
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DIN No.: |
00008064 |
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|
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Name : |
Teresa S. Mccafferty |
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Designation : |
Director |
|
Address : |
1533 Placer Court, Naperville, Illinois 60565, USA |
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Date of Birth/Age : |
16.06.1955 |
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Date of Appointment : |
31.05.2010 |
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DIN No.: |
02301006 |
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|
|
|
Name : |
Mr. Uday Sankar Roy |
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Designation : |
Director |
|
Address : |
A-1, Hemantika, 54, Hemanta Mokhopadhyay Sarani, Kolkata - 700029, West Bengal, India |
|
Date of Birth/Age : |
24.07.1949 |
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Date of Appointment : |
19.11.2012 |
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DIN No.: |
00424332 |
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|
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Name : |
Mr. Maninder Singh Juneja |
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Designation : |
Director |
|
Address : |
D-1002, Mayfair
Meridian, Ceaser Road, Amboli, Andheri (West), Mumbai - 400051, Maharashtra, India |
|
Date of Birth/Age : |
31.03.1966 |
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Date of Appointment : |
23.08.2012 |
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DIN No.: |
02680016 |
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Name : |
Mr. David Martin Neenan |
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Designation : |
Director |
|
Address : |
112 Oxford, Kenilworth, IL 60043, USA |
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Date of Birth/Age : |
28.11.1965 |
|
Date of Appointment : |
19.11.2013 |
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DIN No. : |
06731667 |
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|
|
|
Name : |
Gary Scott Friedlander |
|
Designation : |
Director |
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Address : |
H 1 Copperwood Drive Buffalo Grove, IL 60661 |
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Date of Birth/Age : |
11.02.1959 |
|
Date of Appointment : |
10.06.2014 |
|
DIN No. : |
06891045 |
KEY EXECUTIVES
|
Name : |
Mrs. Swati Naik |
|
Designation : |
Secretary |
|
Address : |
C-306, Madhuvan CHSL, Gorai Shimpoli Road, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1979 |
|
Date of Appointment : |
03.03.2010 |
|
PAN No.: |
AQSPS6921Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.07.2014
|
Names of Shareholders |
No. of Shares |
|
Trans Union International Inc., USA |
2500000 |
|
National Securities Depository Limited, India @ |
22500000 |
|
Total |
25000000 |
@ Details of Beneficial Owners at the date of AGM - Tuesday, July 15, 2014
|
Beneficial Owners'
Name |
No. of Shares |
|
Bank of India, India |
1250000 |
|
Bank of Baroda, India |
1250000 |
|
ICICI Bank Limited, India |
2500000 |
|
Indian Overseas Bank, India |
1250000 |
|
State Bank of India |
2500000 |
|
The Hongkong and Sanghai Banking Corporation Limited, India |
1250000 |
|
Union Bank of India, India |
1250000 |
|
Trans Union International Inc, USA |
11250000 |
|
Total |
22500000 |
As on 15.07.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Nationalised or other banks |
45.00 |
|
Foreign holdings (Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
55.00 |
|
Total |
100.00 |
%20LIMITED%20-%20308385_MIRA%2017-Feb-2015_files/image013.gif)
BUSINESS DETAILS
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Line of Business : |
Providing Credit Information Services. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
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 management |
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Bankers : |
State Bank of India, Raheja Tower, Mumbai, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Tower 3, 27th, India Bulls Finance Centre, Elphistone mill Compound, Senapati Bapat Marg, Elphistone (West), Mumbai – 400013, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Related Parties : |
Transunion International Inc, United States |
CAPITAL STRUCTURE
As on 15.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 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 |
250.000 |
250.000 |
250.000 |
|
(b) Reserves & Surplus |
1492.342 |
1189.552 |
949.703 |
|
(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) |
1742.342 |
1439.552 |
1199.703 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
8.851 |
15.217 |
16.503 |
|
(c) Other long term
liabilities |
0.000 |
0.042 |
6.002 |
|
(d) long-term
provisions |
70.899 |
50.050 |
37.190 |
|
Total Non-current
Liabilities (3) |
79.750 |
65.309 |
59.695 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
139.891 |
111.653 |
80.606 |
|
(c) Other
current liabilities |
16.739 |
23.640 |
19.540 |
|
(d) Short-term
provisions |
214.199 |
83.880 |
85.763 |
|
Total Current
Liabilities (4) |
370.829 |
219.173 |
185.909 |
|
|
|
|
|
|
TOTAL |
2192.921 |
1724.034 |
1445.307 |
|
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|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
122.706 |
101.361 |
110.101 |
|
(ii) Intangible
Assets |
146.780 |
99.933 |
93.082 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
7.562 |
0.000 |
10.863 |
|
(b) Non-current Investments |
180.000 |
120.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
280.418 |
142.101 |
152.030 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
737.466 |
463.395 |
366.076 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
10.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
281.786 |
197.855 |
135.504 |
|
(d) Cash
and cash equivalents |
1053.933 |
928.234 |
893.381 |
|
(e) Short-term
loans and advances |
91.764 |
115.974 |
37.526 |
|
(f) Other
current assets |
17.972 |
18.576 |
12.820 |
|
Total
Current Assets |
1455.455 |
1260.639 |
1079.231 |
|
|
|
|
|
|
TOTAL |
2192.921 |
1724.034 |
1445.307 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1666.181 |
1304.041 |
1030.123 |
|
|
|
Other Income |
140.486 |
119.523 |
86.041 |
|
|
|
TOTAL (A) |
1806.667 |
1423.564 |
1116.164 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
255.000 |
188.222 |
167.662 |
|
|
|
Other expenses |
544.704 |
492.861 |
410.152 |
|
|
|
TOTAL (B) |
799.704 |
681.083 |
577.814 |
|
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|
|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1006.963 |
742.481 |
538.350 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.544 |
1.175 |
1.211 |
|
|
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1006.419 |
741.306 |
537.139 |
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
100.735 |
83.461 |
55.522 |
|
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|
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|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
905.684 |
657.845 |
481.617 |
|
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|
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|
Less |
TAX (H) |
310.407 |
214.220 |
156.591 |
|
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|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
595.277 |
443.625 |
325.026 |
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|
|
|
|
|
|
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|
Earnings / (Loss)
Per Share (Rs.) |
23.81 |
17.74 |
13.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
35.73 |
34.02 |
31.55 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
60.44 |
56.94 |
52.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
45.16 |
41.01 |
33.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.46 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.92 |
5.75 |
5.81 |
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 |
250.000 |
250.000 |
250.000 |
|
Reserves & Surplus |
949.703 |
1189.552 |
1492.342 |
|
Net
worth |
1199.703 |
1439.552 |
1742.342 |
|
|
|
|
|
|
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 |
%20LIMITED%20-%20308385_MIRA%2017-Feb-2015_files/image015.gif)
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 |
1030.123 |
1304.041 |
1666.181 |
|
|
|
26.591 |
27.771 |
%20LIMITED%20-%20308385_MIRA%2017-Feb-2015_files/image017.gif)
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 |
1030.123 |
1304.041 |
1666.181 |
|
Profit |
325.026 |
443.625 |
595.277 |
|
|
31.55% |
34.02% |
35.73% |
%20LIMITED%20-%20308385_MIRA%2017-Feb-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current Maturities of Long Term Debts |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION
DETAILS
|
HIGH COURT OF BOMBAY |
||||||
|
CASE DETAILS |
||||||
|
BENCH:- BOMBAY |
||||||
|
PRESENTATION DATE: 10/10/2014 |
||||||
|
STAMP NO:- CRAST/27179/2014 |
FILING DATE:- 10/10/2014 |
REG. NO.: CRA/997/2014 |
REG. DATE: 28/10/2014 |
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PETITIONER:- |
KOTAK MAHINDRA BANK LIMITED |
RESPONDENT:- |
CREDIT INFORMATION BUREAU (INDIA) LIMITED |
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PETN.ADV:- |
MANILAL KHER AMBALAL AND COMPANY (101) |
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DISTRICT:- |
SOLAPUR |
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BENCH:- |
SINGLE |
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STATUS:- |
PRE-ADMISSION |
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NEXT DATE:- |
09/07/2015 |
STAGE:- |
C.R.A. FOR ADMISSION(FRESH)[CIVIL SIDE MATTERS] |
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CORAM:- |
ACCORDING
TO SITTING LIST |
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LAST DATE:- |
30/01/2015 |
STAGE:- |
C.R.A. FOR ADMISSION(FRESH)[CIVIL SIDE MATTERS] |
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LAST CORAM:- |
HON'BLE SHRI JUSTICE R.M. SAVANT |
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ACT:- |
C.P.C.- (Interlocutory Order) |
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UNDER SECTION:- |
115 |
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INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
FINANCIAL RESULTS AN OVERVIEW
It has been another good year for CIBIL, with record sales and profits. Revenue from Operations increased by 27 % and PBT by 34% over last year. This translates into a 23% CAGR for Revenue from Operations and 25% for PBT over last 5 years. EPS is ` 23.81 per share.
These great financial results have been made possible by collective
efforts of CIBIL Employees led by an able
Management Team, who were in turn guided strategically by the Board of Directors.
Theys would also like to acknowledge contribution of their Customers who
have been giving regular feedback and ideas to improve CIBIL’s operations, and
TransUnion and Dun and Bradstreet their Technical Partners for their immense
support.
Bureau Operations
During the year, more focus was laid on-
1. Efficiency in execution of batch and data upload processes,
2. Data standardization and completeness,
3. Enhancing the search and match mechanism for hit rate improvement,
and
4. Accuracy and timeliness of customer escalations and responses.
Data Upload
An automated pre upload monitoring mechanism was developed, to reduce the upload of changed account types and ownership indicators.
Batch
An automated batch scheduler has been initiated for development. Once completed, this will further improve response time and optimize use of system resources.
Data Quality and Performance
Work was undertaken with members to reduce incomplete data, eliminate duplicate accounts in the databases and to enhance use of identifiers to further improve the performance.
Client Servicing
Speed and accuracy of responses were further enhanced.
FIXED ASSETS
Tangible Assets
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
· Leasehold Improvements
·
Intangible Assets
· Brands and Trade Marks
· Computer Software
PRESS RELEASE
TRANSUNION INCREASES STAKE IN CIBIL TO 55%
May 22, 2014
MUMBAI: Thirteen years after it started working with Cibil, global credit and information services player TransUnion has increased its stake in the country's largest credit information bureau to a majority 55 per cent from earlier 47.5 per cent.
It has been accumulating additional holdings in Cibil in recent years and the announcement comes after the company received regulatory approvals to achieve majority ownership in the organisation, TransUnion said in a statement, adding its stake in Cibil now stands at 55 per cent.
It can be noted that last year, the government had increased foreign direct investment in credit information companies, under which a 49 per cent holding was automatically allowed and up to 74 per cent with approval from the Foreign Investment Promotion Board.
According to the Cibil website, the US-based TransUnion's last reported stake in the company stood at 47.5 per cent, with the rest divided between lenders like State Bank and ICICI Bank holding 10 per cent each; Bank of India, Union Bank, BoB and IOB, HSBC, StanChart hold 5 per cent each and NBFC Sundraram Finance holds 2.5 per cent, taking the domestic holding to 52.5 per cent.
However, details about the entities having divested stake in the country's first credit information company were not immediately known.
"The shift in majority ownership represents the culmination of 13 years of close collaboration and partnership...following the integration, the Indian credit information industry will benefit by way of access to TransUnion's diverse solution suite," Cibil managing director Arun Thukral said in the statement.
Cibil dominates the credit information industry in the country with products for retail loan seekers like the individual credit score, to the lenders. Two other rival operators are Experian and Equifax.
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.62.20 |
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|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
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Information
Gathered by : |
PRT |
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Analysis Done by
: |
SUM |
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|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
7 |
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OPERATING SCALE |
1~10 |
8 |
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FINANCIAL
CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILITY |
1~10 |
8 |
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--LIQUIDITY |
1~10 |
8 |
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--LEVERAGE |
1~10 |
8 |
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--RESERVES |
1~10 |
8 |
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--CREDIT LINES |
1~10 |
8 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
YES |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER |
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
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TOTAL |
|
69 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.