MIRA INFORM REPORT
|
Report No. : |
330794 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE JIO INFOCOMM LIMITED (W.E.F. 22.01.2013) |
|
|
|
|
Formerly Known
As : |
INFOTEL BROADBAND SERVICES LIMITED (W.E.F. 19.07.2010) INFOTEL BROADBAND SERVICES PRIVATE LIMITED |
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|
Registered
Office : |
3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai –
400021, Maharashtra |
|
Tel. No.: |
Not Available |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.02.2007 |
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Com. Reg. No.: |
11-234712 |
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Capital
Investment / Paid-up Capital : |
Rs. 230720.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U72900MH2007PLC234712 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PTLI10699D |
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PAN No.: [Permanent Account No.] |
AABCI6363G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of providing Broadband Services,
Telecom and Information Technology enabled and related services. |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (81) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ‘Reliance Industries Limited’. It received Unified License for all 22 service Areas across India and
became the first telecom operator in the country to get Pan India Unified
License. It is an established company having fine track. The company has incurred a loss from its operations during 2014. However, the rating takes into consideration strong and resourceful
parentage of the company- Reliance Industries Limited. It also receives better support from its holding company. Trade relations are fair. Business is active. Payments terms are
reported to be regular and as per commitments. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank Facilities AAA |
|
Rating Explanation |
Have highest degree of safety and carry lowest credit risk. |
|
Date |
28.05.2015 |
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 DENIED BY
|
Name : |
Mr. Satish |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-44770000 |
|
Date : |
06.07.2015 |
LOCATIONS
|
Registered Office / Corporate Office 1 : |
3rd Floor, Maker Chambers IV, 222, Nariman
Point, Mumbai – 400 021, Maharashtra, India
|
|
Tel. No.: |
91-22-22785500 |
|
Fax No.: |
91-22-22785560 |
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E-Mail : |
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Corporate Communications: |
9TH Floor, Nariman Point, Mumbai – 4000021,
Maharashtra, India |
|
Tel. No.: |
91-22-22785000 |
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Fax No.: |
91-22-22785185 |
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E-Mail : |
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Head Office : |
C-135, Industrial Area, Phase 8, Mohali – 160 062, Punjab, India |
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Tel. No.: |
91-172-4604341 |
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Corporate Office 2 : |
Reliance Corporate Park, Building No.TC23, A Block, 4th
Floor, CA-23, Gate-A, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400 701,
Maharashtra, India |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Mr. Mukesh Dhirubhai Ambani |
|
Designation : |
Director |
|
Address : |
Sea Wind, 39, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra,
India |
|
Qualification : |
B.E (Chemical), MBA |
|
Date of Birth/Age : |
19.04.1957 |
|
Date of Appointment : |
07.09.2011 |
|
DIN No.: |
00001695 |
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|
|
|
Name : |
Mr. Manoj Harjivandas Modi |
|
Designation : |
Director |
|
Address : |
10A/B, Building No.26, Sudhakar Co-operative Housing Society, Narayan
Dabholkar Road, Mumbai – 400 006, Maharashtra, India |
|
Qualification : |
B.E. (Chemical) |
|
Date of Birth/Age : |
03.07.1957 |
|
Date of Appointment : |
07.09.2011 |
|
DIN No.: |
00056207 |
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|
|
Name : |
Mr. Mahendra Nahata |
|
Designation : |
Director |
|
Address : |
House No.W-48, Greater Kailash, New Delhi – 110 048, India |
|
Qualification : |
B.com |
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Date of Birth/Age : |
19.05.1959 |
|
Date of Appointment : |
07.09.2011 |
|
DIN No.: |
00052898 |
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|
|
|
Name : |
Mr. Sanjay Mashruwala |
|
Designation : |
Managing Director |
|
Address : |
A1, Beach House, Gandhigram Road, Juhu, Mumbai – 400 049, Maharashtra,
India |
|
Qualification : |
B. Tech |
|
Date of Birth/Age : |
07.04.1948 |
|
Date of Appointment : |
18.09.2013 |
|
DIN No.: |
01259774 |
|
|
|
|
Name : |
Mr. Raja Kolumum Ramachandran |
|
Designation : |
Director |
|
Address : |
1703/1704, Building 1, Raheja Claassique, New Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra , India |
|
Qualification : |
B. Sc. (Chemistry), ACA, CMA |
|
Date of Birth/Age : |
19.12.1956 |
|
Date of Appointment : |
18.09.2013 |
|
DIN No.: |
00006673 |
|
|
|
|
Name : |
Mr. Sandip Das |
|
Designation : |
Managing Director |
|
Address : |
4002/4102, Vivarea Jacob, Circle Saat Rasta, Saane Guruji Marg, Mumbai
Central, Mumbai – 400 011, Maharashtra, India
|
|
Qualification : |
Management Graduate |
|
Date of Birth/Age : |
11.01.1958 |
|
Date of Appointment : |
18.09.2013 |
|
DIN No.: |
00116303 |
|
|
|
|
Name : |
Mr. Adil Zainulbhai |
|
Designation : |
Director |
|
Address : |
The Imperil Apartment , Flat No. 4701, B. B. Nakashe Marg, Tardeo, Mumbai
-400034, Maharashtra, India |
|
Date of Birth/Age : |
18.12.1953 |
|
Date of Appointment : |
10.07.2014 |
|
DIN No.: |
06646490 |
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|
|
|
Name : |
Mr. Dipak Chand Jain |
|
Designation : |
Director |
|
Address : |
915, Hamlin Street, Evanston – 60201, United State of America |
|
Date of Birth/Age : |
09.06.1957 |
|
Date of Appointment : |
10.7.2014 |
|
DIN No.: |
00228513 |
KEY EXECUTIVES
|
Name : |
Mr. Satish |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mrs. Jyoti Jain |
|
Designation : |
Secretary |
|
Address : |
Regency Tower, Building No. 03, Flat No.: 1603, 16th Floor,
Vijay Vilas Road, Thane – 400601, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1978 |
|
Date of Appointment : |
19.07.2014 |
|
PAN No.: |
AEJPJ0346P |
MAJOR SHAREHOLDERS
As on 15.09.2014
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Reliance Industries Limited, India |
|
22694489995 |
|
K Sethuraman
jointly with Reliance Industries Limited, India |
|
1 |
|
K. R.Raja
jointly with Reliance Industries Limited, India |
|
1 |
|
Pankaj Mohan
Pawar jointly with Reliance Industries Limited, India |
|
1 |
|
Ramesh Kumar
Damani jointly with Reliance Industries Limited, India |
|
1 |
|
Kiran Mathew Thomas
jointly with Reliance Industries Limited, India |
|
1 |
|
Anant Nahata |
|
75753000 |
|
Nextwave
Communications Private Limited, India |
|
37876500 |
|
Infotel Telecom
Holdings Private Limited, India |
|
6312750 |
|
Digivision Content
Solutions Private Limited, India |
|
4292670 |
|
Vikash Agarwal |
|
2020080 |
|
Infotel Infocomm
Enterprises Private Limited, India |
|
126255000 |
|
Total
|
|
22947000000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Reliance Industrial Investments and Holdings Limited, India |
125000000 |
|
Total |
125000000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.66 |
|
Directors or relatives of Directors |
0.33 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing Broadband Services,
Telecom and Information Technology enabled and related services. |
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Products : |
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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 : |
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 : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers, Nariman Point, Mumbai – 400 021,
Maharashtra, India |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Name : |
S.V. Ghatalia and Associates LLP |
|
Address : |
The Ruby 14th Floor, Senapati Bapat Marg, Dadar (West),
Mumbai- 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9181P |
|
|
|
|
Name : |
Atul Kulshrestha and Company Chartered Accountants |
|
Address : |
506, Surya Kiran Building, K.G. Marg, Connaught Place, New Delhi – 110
001, India |
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Tel. No.: |
91-11-41531330/ 41531331/ 41531332 |
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E-Mail : |
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PAN No.: |
AAHFA0196J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Reliance Industries Limited CIN No.:- L17110MH1973PLC019786 |
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Subsidiaries : |
CIN No.:- U64204MH2011PLC213276
CIN No.:- U74999MH2007PTC168562 |
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|
Fellow Subsidiaries : |
CIN No.:- U65910MH1986PLC041081
CIN No.:- U01100MH1999PLC120563
CIN No.:- U70102MH2007PLC170415
CIN No.:- U52100MH2007PLC175533
CIN No.:- U51109MH2008PLC185401
CIN No.: U74140MH2001PLC131458
CIN No.: U52599MH2007PLC168275
CIN No.: U51101MH2007PLC171321
CIN No.: U51100GJ2005PTC046466
CIN No.: U51100GJ2005PTC046538
CIN No.: U51100GJ2005PTC046464
CIN No.: U25199MH1998PLC114011 |
CAPITAL STRUCTURE
After 15.09.2014
Authorised Capital: Rs. 501300.000 Million
Isued, Subscribed & Paid-up Capital: Rs. 301250.000 Million
AS ON 15.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29895000000 |
Equity Shares |
Rs.10/- each |
Rs. 298950.000 Million |
|
130000000 |
Preference Shares |
Rs.10/- each |
Rs. 13000.000 Million |
|
|
Total |
|
Rs. 300250.000
Million |
Isued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22947000000 |
Equity Shares |
Rs.10/- each |
Rs.
229470.000 Million |
|
125000000 |
Preference Shares |
Rs. 10/-each |
Rs. 1250.000
Million |
|
|
Total |
|
Rs. 230720.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
230720.000 |
78222.000 |
51752.000 |
|
(b) Reserves & Surplus |
(273.900) |
(168.800) |
(111.300) |
|
(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) |
230446.100 |
78053.200 |
51640.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
142854.400 |
101448.200 |
96321.400 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
8071.200 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
2501.100 |
1439.000 |
|
Total Non-current
Liabilities (3) |
150925.600 |
103949.300 |
97760.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
55.300 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
37611.500 |
5590.600 |
1691.000 |
|
(d) Short-term
provisions |
71.300 |
14.300 |
3.700 |
|
Total Current
Liabilities (4) |
37738.100 |
5604.900 |
1694.700 |
|
|
|
|
|
|
TOTAL |
419109.800 |
187607.400 |
151095.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7101.600 |
2260.200 |
27.100 |
|
(ii)
Intangible Assets |
10.700 |
1.400 |
1.600 |
|
(iii)
Capital work-in-progress |
140457.500 |
20140.200 |
1654.300 |
|
(iv)
Intangible assets under development |
196195.600 |
158636.900 |
148039.900 |
|
(b) Non-current Investments |
376.000 |
61.000 |
61.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
61032.100 |
3416.000 |
542.400 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
405173.500 |
184515.700 |
150326.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.600 |
81.100 |
55.600 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.300 |
0.400 |
0.300 |
|
(d) Cash
and cash equivalents |
374.600 |
14.200 |
11.200 |
|
(e)
Short-term loans and advances |
13560.800 |
2996.000 |
702.400 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
13936.300 |
3091.700 |
769.500 |
|
|
|
|
|
|
TOTAL |
419109.800 |
187607.400 |
151095.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.400 |
0.500 |
1.200 |
|
|
|
Other Income |
4.300 |
2.500 |
3.500 |
|
|
|
TOTAL |
4.700 |
3.000 |
4.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.400 |
|
|
|
Employees benefits expense |
24.700 |
21.100 |
20.400 |
|
|
|
Other expenses |
63.500 |
31.200 |
27.500 |
|
|
|
TOTAL
|
88.200 |
52.300 |
48.300 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(83.500) |
(49.300) |
(43.600) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.300 |
2.000 |
0.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(90.800) |
(51.300) |
(44.500) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.300 |
6.200 |
8.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(105.100) |
(57.500) |
(53.200) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(105.100) |
(57.500) |
(53.200) |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
NA |
NA
|
162.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.02) |
(0.01) |
(0.01) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
4717.800 |
8.300 |
3.100 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flow from (used in) operation |
(12551.700) |
(2238.100) |
(208.600) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(26275.00) |
(11500.00) |
(4433.33) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(20875.00) |
(9860.00) |
(3633.33) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.13) |
(0.66) |
(3.97) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.64 |
1.30 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.37 |
0.55 |
0.45 |
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 |
51752.000 |
78222.000 |
230720.000 |
|
Reserves & Surplus |
(111.300) |
(168.800) |
(273.900) |
|
Net worth |
51640.700 |
78053.200 |
230446.100 |
|
|
|
|
|
|
long-term borrowings |
96321.400 |
101448.200 |
142854.400 |
|
Short term borrowings |
0.000 |
0.000 |
55.300 |
|
Current maturities of
long-term debts |
4717.800 |
8.300 |
3.100 |
|
Total borrowings |
101039.200 |
101456.500 |
142912.800 |
|
Debt/Equity ratio |
1.957 |
1.300 |
0.620 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1.200 |
0.500 |
0.400 |
|
|
|
(58.333) |
(20.000) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1.200 |
0.500 |
0.400 |
|
Profit |
(53.200) |
(57.500) |
(105.100) |
|
|
(4433.33%) |
(11500.00%) |
(26275.00%) |
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 |
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Non-convertible debentures banks |
10000.000 |
10000.000 |
|
Non-convertible debentures others |
10000.000 |
10000.000 |
|
Term Loans from Bank |
120379.000 |
81427.5000 |
|
Others loans and advance |
2410.900 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
55.300 |
0.000 |
|
Total |
142845.200 |
101427.500 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Guarantees |
21429.000 |
1238.200 |
|
Other money for which company is contingently liable |
176.400 |
29.400 |
|
Total |
21636.6314 |
1298.8313 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Office equipment
- Leasehold improvements
Intangible assets
- Computer software
- Licenses
- Licenses and franchise
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
UK Pound |
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
81 |
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.