MIRA INFORM REPORT
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Report No. : |
313067 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
DSP BLACKROCK INVESTMENT MANAGERS PRIVATE LIMITED (w.e.f. 27.05.2009) |
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Formerly Known
As : |
DSP BLACKROCK INVESTMENT MANAGERS LIMITED (w.e.f. 14.10.2008) DSP MERRILL LYNCH FUND MANAGERS LIMITED (w.e.f. 07.03.2003) DSP MERRILL LYNCH INVESTMENT MANAGERS LIMITED |
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Registered
Office : |
Mafatlal Centre, 10th Floor, 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 : |
13.05.1996 |
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Com. Reg. No.: |
11-099483 |
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Capital
Investment / Paid-up Capital : |
Rs.200.000 Million |
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CIN No.: [Company Identification
No.] |
U74140MH1996PTC099483 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD10223D |
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PAN No.: [Permanent Account No.] |
AAACD3069K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company operates as an ‘Asset Management Company’ for schemes of
DSP BlackRock Mutual Fund. |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (69) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. Company is performing well. Liquidity position is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be to be regular and as per commitment. The company can be considered normal for business dealing 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 |
ICRA |
|
Rating |
DSP Blackrock Strategic Bond Fund = (AAA Mfs) |
|
Rating Explanation |
Highest degree of safety and timely receipt of payment. |
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Date |
June, 2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Sunil Pillai |
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Designation : |
Account Manager |
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Contact No.: |
91-22-66578000 |
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Date : |
17.03.2015 |
LOCATIONS
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Registered Office : |
Mafatlal Centre, 10th Floor, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Tel. No.: |
91-22-66578000 |
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Fax No.: |
91-22-66578181 |
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E-Mail : |
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Website : |
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Branch Office : |
Maker Chamber VI, Office No. 126/127, 12th Floor, Jamnalal Bajaj Road,
Nariman Point, Mumbai-400021, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Hemendra Mathuradas Kothari |
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Designation : |
Director |
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Address : |
57 Sea View, Worli Seaface, Mumbai-400025, |
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Date of Birth/Age : |
25.08.1946 |
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Date of Appointment : |
13.05.1996 |
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DIN No.: |
00009873 |
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Name : |
Mr. Uday Chander Khanna |
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Designation : |
Director |
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Address : |
Centrum Towers Flat 182, Centrum Co-operative Society Limited,
Barkatali Road, Wadala, Mumbai – 400037, Maharashtra, India |
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Date of Birth/Age : |
01.12.1949 |
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Date of Appointment : |
30.08.2013 |
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DIN No.: |
00079129 |
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Name : |
Mr. Subrahmanian Rameseshan Venkata |
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Designation : |
Director |
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Address : |
8 Rushilla, 17-C, |
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Date of Birth/Age : |
26.09.1933 |
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Date of Appointment : |
18.10.1996 |
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DIN No.: |
00005292 |
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Name : |
Mr. Omkar Mihir Goswami |
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Designation : |
Director |
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Address : |
E-121, Masjid Moth, 1st Floor, Greater, Kailash III, New Delhi-110048,
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Date of Birth/Age : |
29.08.1956 |
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Date of Appointment : |
22.01.2001 |
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DIN No.: |
00004258 |
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Name : |
Mr. Ranjan K C Pant |
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Designation : |
Director |
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Address : |
Portion – B, 10-A, Kasturba Gandhi Marg, New Delhi-110001, |
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Date of Birth/Age : |
29.06.1959 |
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Date of Appointment : |
25.06.2002 |
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DIN No.: |
00005410 |
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Name : |
Mr. Piyush Gunwantrai Mankad |
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Designation : |
Director |
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Address : |
P 161, |
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Date of Birth/Age : |
18.11.1941 |
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Date of Appointment : |
21.10.2004 |
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DIN No.: |
00005001 |
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Name : |
Mr. Laurence Dauglos Fink |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
02.11.1952 |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02519601 |
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Name : |
Mr. Susan Albert Wagner |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
26.05.1961 |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02519231 |
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Name : |
Mr. John Richard Kushel |
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Designation : |
Alternate Director |
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Address : |
1135 Greacen Point Road, Mamaroneck-10543, USA |
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Date of Birth/Age : |
31.05.1966 |
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Date of Appointment : |
16.04.2009 |
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DIN No.: |
02544270 |
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Name : |
Quintin Rupert Salter Price |
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Designation : |
Alternate Director |
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Address : |
30 Addison Avenue, London-W114QP, UK |
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Date of Birth/Age : |
03.04.1961 |
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Date of Appointment : |
16.04.2009 |
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DIN No.: |
02544230 |
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Name : |
Mr. David Patric Graham |
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Designation : |
Director |
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Address : |
Marley Cottage, |
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Date of Birth/Age : |
13.12.1955 |
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Date of Appointment : |
05.08.2014 |
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DIN No.: |
00005250 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Pillai |
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Designation : |
Account Manager |
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Name : |
Mr. Pritesh Niranjan Majmudar |
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Designation : |
Secretary |
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Address : |
D-706, Manish Park, Pump House, Andheri East, Mumbai-400093, |
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Date of Birth/Age : |
18.08.1977 |
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Date of Appointment : |
30.01.2009 |
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PAN No.: |
AJUPM8866B |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Black Rock Advisors Singapore Pte Limited, |
8000000 |
40.00 |
|
DSP Adiko Holdings Private Limited, |
8000000 |
40.00 |
|
DSP HMK Holdings Private Limited, India |
4000000 |
20.00 |
|
Total |
20000000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
40.00 |
|
Bodies corporate |
60.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company operates as an ‘Asset Management Company’ for schemes of
DSP BlackRock Mutual Fund. |
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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 : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Tower 3, 27th-32nd Floor, Indiabulls Financial Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India |
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PAN No.: |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Affiliated enterprise
: |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
200.000 |
200.000 |
200.000 |
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(b) Reserves &
Surplus |
3715.829 |
3037.957 |
2464.161 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
3915.829 |
3237.957 |
2664.161 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
17.598 |
12.915 |
5.999 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
60.437 |
58.584 |
38.772 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
78.035 |
71.499 |
44.771 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
193.640 |
212.450 |
353.830 |
|
(c) Other current
liabilities |
26.751 |
22.606 |
51.878 |
|
(d) Short-term provisions |
26.094 |
24.679 |
19.392 |
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Total Current Liabilities
(4) |
246.485 |
259.735 |
425.100 |
|
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TOTAL |
4240.349 |
3569.191 |
3134.032 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
101.433 |
112.357 |
141.211 |
|
(ii) Intangible Assets |
27.107 |
21.783 |
18.358 |
|
(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 |
446.364 |
551.364 |
367.304 |
|
(c) Deferred tax assets
(net) |
91.306 |
88.106 |
60.150 |
|
(d) Long-term Loan and Advances |
273.132 |
241.547 |
252.836 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
939.342 |
1015.157 |
839.859 |
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
2868.813 |
2185.975 |
1795.246 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
286.608 |
286.154 |
239.154 |
|
(d) Cash and cash
equivalents |
17.770 |
10.272 |
35.322 |
|
(e) Short-term loans and
advances |
30.375 |
35.048 |
85.875 |
|
(f) Other current assets |
97.441 |
36.585 |
138.576 |
|
Total Current Assets |
3301.007 |
2554.034 |
2294.173 |
|
|
|
|
|
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TOTAL |
4240.349 |
3569.191 |
3134.032 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
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Income |
2664.500 |
2432.230 |
2201.300 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
NA |
NA |
NA |
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PROFIT/ (LOSS) BEFORE TAX |
905.840 |
761.000 |
686.060 |
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Less |
TAX |
227.970 |
187.200 |
181.320 |
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PROFIT/ (LOSS) AFTER TAX
|
677.870 |
573.800 |
504.740 |
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Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
3035.560 |
2461.760 |
1957.020 |
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Balance Carried to the
B/S |
3713.430 |
3035.560 |
2461.760 |
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EARNINGS IN FOREIGN
CURRENCY |
|
|
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|
Offshore Advisory fees |
217.112 |
246.833 |
292.290 |
|
|
TOTAL EARNINGS |
217.112 |
246.833 |
292.290 |
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IMPORTS |
|
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|
Value of imported capital goods on CIF basis |
13.644 |
4.931 |
8.420 |
|
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TOTAL IMPORTS |
13.644 |
4.931 |
8.420 |
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Earnings / (Loss) Per
Share (Rs.) |
33.89 |
28.69 |
25.24 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
25.44 |
23.59 |
22.93 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
24.46 |
25.98 |
25.35 |
|
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|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.24 |
0.26 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.39 |
9.83 |
5.40 |
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 |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
2464.161 |
3037.957 |
3715.829 |
|
Net worth |
2664.161 |
3237.957 |
3915.829 |
|
|
|
|
|
|
long-term borrowings |
5.999 |
12.915 |
17.598 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
5.999 |
12.915 |
17.598 |
|
Debt/Equity ratio |
0.002 |
0.004 |
0.004 |
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 |
2201.300 |
2432.230 |
2664.500 |
|
|
|
10.491 |
9.550 |
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 |
2201.300 |
2432.230 |
2664.500 |
|
Profit |
504.740 |
573.800 |
677.870 |
|
|
22.93% |
23.59% |
25.44% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS = 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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
REVIEW OF OPERATIONS
A. Mutual Fund - Schemes and Assets under
Management (AUM)
The Company is required to manage the schemes of the Fund in accordance with the provisions of the Investment Management Agreement executed by the Company with DSP BlackRock Trustee Company Private Limited the Trust Deed constituting the Fund, SEBI (Mutual Funds) Regulations, 1996 and the investment objectives of each of the scheme.
As on March 31, 2014, the Assets under Management (AUM) of the Company under its Mutual Fund business was Rs. 311.66 billion as against Rs. 316.63 billion as of March 31, 2013.
B. ALTERNATIVE INVESTMENT FUND
The Company initiated its Alternative Investment Fund business
and launched its first scheme, DSP BlackRock India Enhanced Equity Fund under
DSP BlackRock Alternative Investment Fund - Category III on May 1, 2014. The
total AUM under the AIF Scheme is Rs. 977.55 million as on June 30, 2014.
C. SERVICE STANDARDS
The Fund services a client base of more than 2.9 million accounts through AMC Offices as well as offices of its Registrar and Transfer Agent, Computer Age Management Services Pvt. Ltd. (CAMS) in about 200 locations across India. Additionally, the AMC has three dedicated Call Centres at Mumbai, New Delhi and Ahmedabad to service investors and distributors.
The Fund continues to provide value added services to investors and distributors with a view to provide easier and better means of transacting, seeking information, etc.
For the convenience of its investors and distributors, the AMC initiated following key facilities during the year:
- Introduction of One Time Mandate (OTM) facility, which was the first of its kind in the industry. Through this facility the investor can register a debit mandate for a specified amount through a simple registration process. Thereafter the investor can subscribe to any scheme by sending a sms or through its website or Call Centre or even submit a physical purchase request without a cheque.
- Transacting experience was made simpler for the investors who have registered OTM.
- Further, investors who have registered an OTM mandate can register multiple SIPs with different Schemes, amount and SIP dates through a simple process.
- The Fund now sends sms as well as emails on receipt of transactions i.e. Transaction Receipt Alerts to acknowledge the receipt of transactions and also to alert the investor in case of any fraudulent transactions. This is in addition to the sms and emails which are sent after processing the transactions.
- The website of the Fund was enhanced to enable investors to generate their PIN (Personal Identification Number) and access portfolio online without the need of submitting a physical request.
- For the benefit of distributors, the Fund started daily automated emails to inform them about list of all SIP/STP/SWP/OTM registrations / cancellations and help them to service their investors better.
- For the benefit of investors and distributors, monthly email reminders are sent about FMP / FTP / DAF maturities occurring in the following month which will help them to plan re- investment on maturity.
- Regular reminders are sent to alert investors and distributors on any unclaimed dividend and redemptions. The Fund also calls the investors where the redemption payment instrument is unencashed within 60 days of sending the instrument.
- The AMC has put up Insta Phone facility at most of the AMC Branches for investors visiting the branch, to connect to the Call Centre for query resolutions without having to wait in a queue at the front office counters.
D. SUBSIDIARY UPDATES
Mauritius IMC
The Company has a wholly owned subsidiary in Mauritius viz., DSP BlackRock Investment Managers (Mauritius) Limited (“Mauritius IMC”), which acts as the Investment Manager to an offshore fund viz DSP BlackRock India Investment Fund (“Mauritius Fund”). The key objective of the Mauritius Fund is to invest in Indian securities, including mutual funds. The Mauritius Fund is registered with SEBI as a sub-account under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995. As on March 31, 2014 the AUM of Mauritius Fund stood at USD 101.39 million.
DSPBLK-PFM
DSPBLK-PFM had received the certificate of registration from PFRDA on April 17, 2013 to serve as PFM under the NPS and the Certificate of Commencement of Business on June 25, 2013. Subsequently on January 16, 2014, the PFRDA issued a RFP for fresh selection of PFM for the Private Sector and the lowest commercial bid discovered for Investment Management Fee was 0.01% p.a. The Company decided not to match the lowest bid, since it is commercially unviable. Consequently, the aforesaid certificate of registration got ceased with effect from August 1, 2014.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10519834 |
04/09/2014 |
1,702,083.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
C20537619 |
|
2 |
10504262 |
11/06/2014 |
1,171,891.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
C07381429 |
|
3 |
10501821 |
28/05/2014 |
382,211.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
C06044036 |
|
4 |
10494748 |
09/05/2014 |
1,178,278.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
C04552154 |
|
5 |
10490347 |
22/04/2014 |
1,341,422.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
C03827268 |
|
6 |
10486724 |
19/03/2014 |
899,139.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
C01110972 |
|
7 |
10479359 |
10/02/2014 |
1,190,282.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
B97100804 |
|
8 |
10479094 |
03/02/2014 |
745,253.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
B96999230 |
|
9 |
10471175 |
18/12/2013 |
2,950,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
B93884153 |
|
10 |
10451244 |
18/09/2013 |
1,620,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
B85798494 |
* Date of charge modification
FIXED ASSETS
- Furniture fixtures
- Other Equipments
- Vehicles
- Leasehold properties
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.62.69 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
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
|
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.