IRA INFORM REPORT

 

 

Report No. :

330827

Report Date :

08.07.2015

 

IDENTIFICATION DETAILS

 

Name :

OGILVY AND MATHER PRIVATE LIMITED

 

 

Formerly Known As :

S. H. BENSON (INDIA) PRIVATE LIMITED

 

 

Registered Office :

14th Floor, Commerz, International Business Park, Oberoi Garden City, Off W E Highway, Goregaon East, Mumbai – 400063, Maharashtra

Tel. No.:

91-22-44360360

 

 

Country :

India

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

30.03.1967

 

 

Com. Reg. No.:

11-013707

 

 

Capital Investment / Paid-up Capital :

Rs.9.600 Million

 

 

CIN No.:

[Company Identification No.]

U22210MH1967PTC013707

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of providing advertising and marketing communication services.

 

 

No. of Employees :

2000  (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (54)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is an old and well established private limited company incorporated in the year 1967, having satisfactory track.

 

Rating takes into consideration sound financial risk profile marked by strong network base and debt free capital structure of the company.

 

Company has achieved significant increase in its profit in FYI4 over previous year.

 

Overall financial condition of the company seems to be decent.

 

Trade relations are fair. Business is active .Payment terms are reported to be usually correct.

 

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

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

INFORMATION PARTED BY

 

Name :

Mr. Ankit Dongra

Designation :

Finance Controller

Contact No.:

91-22-44360360

Date :

06.07.2015

 

 

LOCATIONS

 

Registered Office :

14th Floor, Commerz, International Business Park, Oberoi Garden City, Off W E Highway, Goregaon East, Mumbai – 400063, Maharashtra, India

Tel. No.:

91-22-44360360/44344700/44344150

Fax No.:

91-22-44344370

E-Mail :

Ankit.dongra@ogily.com

Guruprasad.amemba@ogilvy.com

 

 

DIRECTORS

 

AS ON 25.03.2015

 

Name :

Mr. Piyush Indernarayan Pandey

Designation :

Whole-time director

Address :

1st Floor, Krishna Kunj Road No. 5, Opposite Cadell Road Mahim, Mumbai - 400016, Maharashtra, India

Date of Birth/Age :

05.09.1955

Date of Appointment :

06.07.1996

DIN No.:

00114673

PAN No.:

ACLPPO538R

 

 

Name :

Mr. Steven Marc Goldstein

Designation :

Director

Address :

36 Benford Drive Princenton Junction Nj, New Jersey, 08550, United States of America

Date of Birth/Age :

07.11.1954

Date of Appointment :

12.10.1995

DIN No.:

00116833

 

 

Name :

Mr. Sulbhanand Nathuram Rane

Designation :

Whole-time director

Address :

61 Bharat Tirtha Chs Limited, Lalwadi Shindewadi, Sion-Trombay Road Chembur, Mumbai - 400071, Maharashtra, India

Date of Birth/Age :

14.03.1950

Date of Appointment :

29.11.1996

DIN No.:

00116978

PAN No.:

ABCPR3936P

 

 

Name :

Mr. Madhukar Sabnavis

Designation :

Director

Address :

401 Falcon Castle, D Wing 4th Floor, Senapati Bapat Marg, Mumbai - 400013, Maharashtra, India

Date of Birth/Age :

27.08.1962

Date of Appointment :

28.06.2006

DIN No.:

00117097

PAN No.:

ABBPS3032Q

 

 

Name :

Mr. Peter Miles Young

Designation :

Director

Address :

1 Chatham Path Mid-Levels, Hong Kong, Na, Hong Kong

Date of Birth/Age :

12.06.1954

Date of Appointment :

29.11.1996

DIN No.:

00117201

 

 

Name :

Mr. John Michael Kerkham Goodman

Designation :

Director

Address :

Oji Green Hill Apartments 403, 17-40, Minami Aoyama 4- Chome, Minato-Ku, Tokyo, 1070062, Japan

Date of Birth/Age :

11.07.1959

Date of Appointment :

11.12.2003

DIN No.:

01536458

 

 

Name :

Mr. Paul John Cocks

Designation :

Director

Address :

Unit 2002, 11 Railway St, Chatswood Nsw 2067, Sydney, 000000, Australia

Date of Birth/Age :

25.01.1958

Date of Appointment :

08.12.2008

DIN No.:

02379358

 

 

Name :

Mr. Kambhir Manghirmalani

Designation :

Whole-time director

Address :

68 K No. 514, Ferns Habitat, D.Kundi, Bangalore - 560037, Karnataka, India

Date of Birth/Age :

15.01.1965

Date of Appointment :

05.10.2012

DIN No.:

05188007

PAN No.:

AVEPM2370E

 

 

Name :

Mr. Hephzibah Pathak

Designation :

Whole-time director

Address :

402, 4th Floor, Avarsekars Shrusti, Old Prabhadevi Road, Prabhadevi, Mumbai -400025, Maharashtra, India

Date of Birth/Age :

14.04.1970

Date of Appointment :

05.10.2012

DIN No.:

06396185

PAN No.:

AFUPR1637R

 

 

Name :

Mr. Paul David Alfred Heath

Designation :

Director

Address :

House 78 Headland Drive, Headland Village, Discovery Bay,Lantau Island, New Territories, Hong Kong, 00000, Hong Kong

Date of Birth/Age :

07.10.1965

Date of Appointment :

25.10.2012

DIN No.:

06412809

 

 

Name :

Mr. Kunal Ramesh Jeswani

Designation :

Whole-time director

Address :

A/13, Pandurang Wadi,, A B Nair Road, Juhu, Mumbai - 400049, Maharashtra, India

Date of Appointment :

01.03.2015

DIN No.:

06668015

 

 

Name :

Mr. Hufrish Percy Birdy

Designation :

Whole-time director

Address :

620,Rajiv Building,3rd Floor, Jame Jamshed Road, Parsi Colony, Dadar East, Mumbai, 400014, Maharashtra, INDIA

Date of Appointment :

01.03.2015

DIN No.:

07093786

 

 

Name :

Mr. Rajiv Bhavanishanker Rao

Designation :

Whole-time director

Address :

C/56 Vanashri, L T Road, Opposites Diamond Talkies,, Borivali West, Mumbai, 400092, Maharashtra, India

Date of Appointment :

01.03.2015

DIN No.:

07100699

 

 

KEY EXECUTIVES

 

Name :

Mr. Ankit Dongra

Designation :

Finance Controller

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 25.03.2015

 

SHAREHOLDING DETAIL FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 25.03.2015

 

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

74.00

Directors or relatives of Directors

6.15

Other top fifty shareholders

10.17

Others

9.68

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of providing advertising and marketing communication services.

 

 

Products :

Item Code No.

Product Description

99831690

Other Advertising services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Credit (30,60,90 Days)

 

 

Purchasing :

Cash and Credit (30,60,90 Days)

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Asian Paints Limited

 

Reference :

ABC India Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

2000  (Approximately)

 

 

Bankers :

Banker Name

Not Divulged

Branch Address

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells LLP

Chartered Accountant

Address :

Indiabulls Finance Centre, Tower 3, 32nd Floor, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai-400013, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AACFD4815A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprise controlling the Company:
  • WPP Group plc (ultimate holding company)

 

 

Subsidiary Companies
  • Phoenix O and M (Private.) Limited
  • Geometry Global (Private.) Limited (previously known as Ogilvy Action (Pvt.) Ltd.) (A subsidiary of Phoenix O and M Private Limited.) Other than Subsidiary Companies
  • Brand David Communications Private Limited.
  • Soho Square Advertising and Marketing Communications Private Limited

 

 

Fellow Subsidiaries:
  • Bates Singapore Asia Pte. Limited
  • Bates India Private Limited
  • Burson-Marsteller (Hongkong) Limited.
  • Contract Advertising
  • Eyepatch Production Inc, New York
  • G2 Joshua
  • G2 Worldwide HQ
  • Genesis Burson-Marsteller
  • Grey Worldwide India Private Limited
  • Group M Media India Private Limited
  • Hindustan Thompson Associates Limited
  • Hogarth Worldwide Limited, London
  • Hogarth Worldwide Pte Limited, Singapore
  • Howorth Communications
  • J Walter Thompson Private Limited., London
  • Kinetic Advertising India Private Limited
  • Mather Productions, New York
  • Mediaedge:Cia India Private Limited
  • Memac ( U A E)
  • Memac Ogilvy and Mather (United Advertising Company)
  • Memac Ogilvy and Mather LLC
  • Millward Brown Market Research Services India Private Limited
  • Ogilvy and Mather (Australia)
  • Ogilvy and Mather (China)
  • Ogilvy and Mather (Hongkong)
  • Ogilvy and Mather (Indonesia)
  • Ogilvy and Mather (Istanbul)
  • Ogilvy and Mather (London)
  • Ogilvy and Mather (Malaysia)
  • Ogilvy and Mather (Mexico)
  • Ogilvy and Mather (New York)
  • Ogilvy and Mather (New Zealand)
  • Ogilvy and Mather (Pakistan)
  • Ogilvy and Mather (Paris)
  • Ogilvy and Mather (Phillipines) Inc
  • Ogilvy and Mather (Singapore)
  • Ogilvy and Mather (South Africa)
  • Ogilvy and Mather (Vietnam)
  • Ogilvy and Mather Werbeagentur (Frankfurt)
  • Prisma Advertising
  • PT Wira Pamungkas Pariwara
  • Ray and Keshavan Design Associates Private Limited
  • Redworks - Chicago
  • Redworks Limited - HongKong
  • Redworks Limited - London
  • Redworks Singapore Pte Limited
  • Scotts Road Management Services LLP
  • Sercon India Private Limited
  • Shanghai Bates Methinks Marketing
  • Communications
  • The Brand Union Pte Limited
  • TNS India Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.12.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

Rs.10/- each

Rs. 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

960000

Equity Shares

Rs.10/- each

Rs. 9.600 Million

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.12.2014

31.12.2013

31.12.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

9.600

9.600

9.600

(b) Reserves & Surplus

1353.310

1237.970

1137.347

(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)

1362.910

1247.570

1146.947

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

42.002

25.397

(d) long-term provisions

20.395

31.461

25.742

Total Non-current Liabilities (3)

20.395

73.463

51.139

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

836.923

956.294

898.689

(c) Other current liabilities

277.739

275.964

278.564

(d) Short-term provisions

535.812

909.009

821.181

Total Current Liabilities (4)

1650.474

2141.267

1998.434

 

 

 

 

TOTAL

3033.779

3462.300

3196.520

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

108.957

116.400

116.529

(ii) Intangible Assets

0.000

0.213

1.098

(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

26.381

37.651

38.122

(c) Deferred tax assets (net)

71.750

61.211

58.751

(d)  Long-term Loan and Advances

216.087

375.143

155.825

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

423.175

590.618

370.325

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

1075.378

994.392

988.822

(d) Cash and cash equivalents

1010.565

1417.847

1107.196

(e) Short-term loans and advances

385.158

305.848

493.160

(f) Other current assets

139.503

153.595

237.017

Total Current Assets

2610.604

2871.682

2826.195

 

 

 

 

TOTAL

3033.779

3462.300

3196.520

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.12.2014

31.12.2013

31.12.2012

 

SALES

 

 

 

 

Income

4000.000

(Approximately)

3420.000

(Approximately)

NA

 

Other Income

NA

NA

NA

 

TOTAL

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

1755.060

1525.860

1363.940

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

61.550

57.050

58.410

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1693.510

1468.810

1305.530

 

 

 

 

 

Less

TAX

549.190

469.670

428.350

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1144.320

999.140

877.180

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1041.00

914.00

NA

 

 

Particulars

 

 

 

31.12.2015

Sales Turnover (Approximately)

 

 

4500.000

 

The above information has been parted by Mr. Ankit Dongra

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.12.2014

31.12.2013

31.12.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

1775.218

1190.142

1265.618

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.12.2014

31.12.2013

31.12.2012

Return on Total Assets

(PBT/Total Assets}

(%)

57.69

43.67

42.12

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

1.24

1.18

1.14

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.58

1.34

1.41

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.12.2012

31.12.2013

31.12.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

9.600

9.600

9.600

Reserves & Surplus

1137.347

1237.970

1353.310

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

1146.947

1247.570

1362.910

 

 

 

 

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

 

 

 

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

Yes

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

Yes

20

Banking Details

No

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

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

LITIGATION DETAILS

 

CASE DETAILS

BENCH:-BOMBAY

 

Lodging No.:-

SSL/2728/2011

Filing Date:-

28/09/2011

 

 

Petitioner:-

TIMES INNOVATIVE MEDIA LIMITED

 

Respondent:-

OGILVY AND MATHER PRIVATE LIMITED

 

 

Petn.Adv.:-

HALAI AND COMPANY (0)

 

District:-

MUMBAI

 

 

Bench:-

SINGLE

Status:-

Pre-Admission

Category:-

MONETARY SUITS

 

Last Date:-

03/07/2013

Stage:-

FOR DIRECTION

 

Last Coram:-

HON'BLE SHRI JUSTICE S.J. KATHAWALLA

 

 

Act :-

Code of Civil Procedure 1908

 

NOTE: Registered office of the company has been shifted from Trade Centre, 3rd Floor, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India to the present address w.e.f. 28.04.2008

 

FINANCIAL RESULTS

 

The working results of the Company show a net profit of Rs. 999.140 million after making provision for depreciation and amortization of Rs. 57.050 million and taxation of Rs. 469.670 million.

 

OPERATIONS

 

During the year the Company gained the following new assignments: Advertising: Astral Polytechnik Limited., Binani Cement Limited., Boehringer Knoll, Canvera Digital Technologies Private Limited., Dhanuka Agritech, Google, Home Centre, Jindal Steel and Power Limited., Kirloskar, Kohler India Corporation Private Limited., Macrotech Constructions, National Skill Development Corporation, New Delhi Television Limited., Rio Tinto, Ruchi Soya Industries, Runwal Home Private Limited., VGN Developers Private Limited., Yum Restaurants Pizza Hut.

 

Disciplines: Adani Wilmar, Board of Investment Mauritius, Boehringer Ingelheim India Limited., Dupont, FM Global, Google Youtube, HandR Johnson, Himalaya Drug, Intercontinental Hotels Group, Kohler, National Skills Development Corporation, Oxfam India, Philips Electronics India Limited., Right Choice, Sony India, Twitter Ireland and William Clinton Foundation.

 

Background

 

Subject was incorporated on 30 March, 1967 under the Companies Act, 1956. The Company is engaged in the business of providing advertising and marketing communication services which in context of AS 17 on 'Segment Reporting' constitutes a single reporting segment.

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

90218864

07/02/1989

10,000,000.00

THE BRITISH BANK OF THE MIDDLE EAST

16VEER NARIMAN ROAD, BOMBAY, MAHARASHTRA - 400023,
INDIA

-

2

90217053

09/11/1988 *

5,500,000.00

BANQUE NATIINALE DE PARIS

FRECH BANK BLDG, 62ROMJI STREET FORT, BOMBAY, MAH
ARASHTRA - 400001, INDIA

-

3

90219388

11/06/1996 *

5,500,000.00

BANQUE NATIONALE DE PARIS

62 HOMJI STREET, BOMBAY, MAHARASHTRA - 400001, IND
IA

-

4

90217052

27/05/1987 *

4,000,000.00

AMERCAN EXPRESS BANK LTD

ORIENTAL BUILDING, 364 DR D NAOROJI RD, BOMBAY, M
AHARASHTRA - 400001, INDIA

-

5

90216998

12/07/1985

1,500,000.00

AMARION EXPRESS INTERNATIONL BANKING CORPN

364 DR D N ROAD, BOMBAY, MAHARASHTRA - 400001, IND
IA

-

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

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 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.63.37

UK Pound

1

Rs.98.86

Euro

1

Rs.69.97

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

7

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

6

--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

YES

--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

 

54

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.