MIRA INFORM REPORT
|
Report No. : |
323180 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIMENSION DATA INDIA PRIVATE LIMITED [w.e.f. 30.03.2015] |
|
|
|
|
Formerly Known
As : |
DIMENSION DATA INDIA LIMITED (w.e.f. 26.03.2011) DATACRAFT INDIA LIMITED DATACRAFT RPG LIMITED DATACRAFT ICIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Trade View, 2nd Floor, Pandurang Budhkar Marg, Kamala Mills
Compound, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-24981212 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.12.1994 |
|
|
|
|
Com. Reg. No.: |
11-083713 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.63.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1994PTC083713 [NEW] U72200MH1994PLC083713 [OLD] |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMD04432B |
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|
|
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PAN No.: [Permanent Account No.] |
AAACD2145G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
Line of Business
: |
The Company is engaged in the business of data communication,
networking and trading of networking equipments. |
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|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 : |
Clear |
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|
|
Comments : |
Subject is a subsidiary of “DIMENSION DATA ASIA PACIFIC PTE
LIMITED”. It is an established company having satisfactory
track record. Profit of the company has declined during 2104. However, rating takes
into account of company’s sound financial risk profile marked by decent
networth profile and strong financial as well as managerial support that
company receives from its holding company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong holding company support, 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 |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Darshana |
|
Designation : |
Front Desk Executive |
|
Contact No.: |
91-22-24981212 |
|
Date : |
18.05.2015 |
LOCATIONS
|
Registered Office : |
Trade View, 2nd Floor, Pandurang Budhkar Marg, Kamala Mills
Compound, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24981212 |
|
Fax No.: |
91-22-24971818 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 31.12.2014
|
Name : |
Mr. William Bruce Grahame Padfield |
|
Designation : |
Director |
|
Address : |
22-A, Tudor Close, Singapore 297979 |
|
Date of Birth/Age : |
26.05.1958 |
|
Qualification : |
Member of INSEAD |
|
Date of Appointment : |
02.12.2002 |
|
DIN No.: |
00225462 |
|
|
|
|
Name : |
Mr. IP Sik Ming |
|
Designation : |
Director |
|
Address : |
90 Dcoronation Road West, Singapore- 286301 |
|
Date of Birth/Age : |
03.08.1956 |
|
Qualification : |
Bachelor of
Commerce |
|
Date of Appointment : |
23.09.2008 |
|
DIN No.: |
01405977 |
|
|
|
|
Name : |
Kiran Bhagwanani |
|
Designation : |
Whole-time director |
|
Date of Birth/Age : |
26.08.1970 |
|
Qualification : |
Diploma in Industrial
Electronics, Diploma in Marketing Management |
|
Date of Appointment : |
01.10.2013 |
|
DIN No.: |
03510929 |
|
|
|
|
Name : |
Kapil Kumar Garg |
|
Designation : |
Whole-time director |
|
Address : |
C- 1103, Park View Spa,, Sector- 47,, Gurgaon, 122001, Haryana, India |
|
Date of
Appointment : |
06.04.2015 |
|
DIN No.: |
00176651 |
Key executive
|
Name : |
Mr. Darshana |
|
Designation : |
Front Desk Executive |
|
|
|
|
Name : |
Kapil Kumar Garg |
|
Designation : |
Secretary |
|
Address : |
Flat No 283 Plot No 73 City CGHS Sector 55 Gurgaon, Gurgaon - 122002, Haryana, India |
|
Date of
Appointment : |
10.09.2013 |
|
PAN No.: |
ABAPG5754E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shailendra Badoni |
|
1 |
|
Raghuveer HR |
|
1 |
|
Dimension Data Asia Pacific Pte Limited, Singapore |
|
6380998 |
|
Ananth Padmanabha |
|
1 |
|
Ulhas Ahe R |
|
1 |
|
Sunil Bhaskar Desai |
|
1 |
|
Kiran Bhagwanani |
|
1 |
|
|
|
|
|
Total |
|
6381004 |
Equity Share Break up (Percentage of Total Equity)
As on: 31.12.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
The Company is engaged in the business of data communication,
networking and trading of networking equipments. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees
: |
25 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Lodha Excelus,
1st Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalakshmi, Mumbai –
400011, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFB4734C |
|
|
|
|
Holding company : |
Dimension Data Asia Pacific Pte Limited |
|
|
|
|
Ultimate holding
company : |
Nippon Telegraph and Telephone Corporation |
|
|
|
|
Fellow subsidiary : |
|
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6381004 |
Equity Shares |
Rs.10/- each |
Rs.63.800 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
30.09.2012 |
30.09.2011 |
|
|
[18
Months] |
[12
Months] |
[12
Months] |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
63.800 |
63.800 |
63.800 |
|
(b) Reserves & Surplus |
2291.400 |
2281.700 |
2248.100 |
|
(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) |
2355.200 |
2345.500 |
2311.900 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
141.700 |
88.200 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
187.000 |
101.400 |
80.200 |
|
(d) long-term provisions |
27.600 |
21.500 |
12.700 |
|
Total
Non-current Liabilities (3) |
356.300 |
211.100 |
92.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2016.000 |
1110.700 |
1006.900 |
|
(c) Other current liabilities |
1093.700 |
878.800 |
572.400 |
|
(d) Short-term provisions |
23.000 |
23.300 |
3.700 |
|
Total
Current Liabilities (4) |
3132.700 |
2012.800 |
1583.000 |
|
|
|
|
|
|
TOTAL |
5844.200 |
4569.400 |
3987.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
855.000 |
1255.700 |
179.900 |
|
(ii) Intangible Assets |
10.300 |
5.000 |
0.600 |
|
(iii) Capital work-in-progress |
0.000 |
68.300 |
545.800 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
84.100 |
56.000 |
18.400 |
|
(d) Long-term Loan and Advances |
1196.000 |
875.300 |
392.700 |
|
(e) Other Non-current assets |
32.900 |
38.600 |
118.000 |
|
Total
Non-Current Assets |
2178.300 |
2298.900 |
1255.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.700 |
17.800 |
29.500 |
|
(c) Trade receivables |
2351.400 |
1195.900 |
1099.300 |
|
(d) Cash and cash equivalents |
433.300 |
313.900 |
1260.200 |
|
(e) Short-term loans and
advances |
789.300 |
678.600 |
300.300 |
|
(f) Other current assets |
58.200 |
64.300 |
43.100 |
|
Total
Current Assets |
3665.900 |
2270.500 |
2732.400 |
|
|
|
|
|
|
TOTAL |
5844.200 |
4569.400 |
3987.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
30.09.2012 |
30.09.2011 |
|
|
|
[18
Months] |
[12
Months] |
[12
Months] |
|
|
SALES |
|
|
|
|
|
Income |
11051.600 |
5722.200 |
4257.600 |
|
|
Other Income |
30.100 |
44.800 |
105.600 |
|
|
TOTAL
(A) |
11081.700 |
5767.000 |
4363.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
7504.600 |
3983.300 |
1208.600 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
4.300 |
|
|
Employees benefits expense |
1342.400 |
872.500 |
585.700 |
|
|
Other expenses |
1494.700 |
674.500 |
2033.000 |
|
|
Expenditure on production,
transportation and other expenditure pertaining to E&P activities |
0.000 |
0.000 |
288.500 |
|
|
TOTAL
(B) |
10341.700 |
5530.300 |
4120.100 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
740.000 |
236.700 |
243.100 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.400 |
2.100 |
7.200 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
727.600 |
234.600 |
235.900 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
578.200 |
110.400 |
46.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
149.400 |
124.200 |
189.200 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
139.700 |
45.800 |
73.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
9.700 |
78.400 |
115.500 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Advisory Service Fees |
215.300 |
115.700 |
49.514 |
|
|
Sales – Services and others |
727.900 |
348.200 |
284.640 |
|
|
Miscellaneous Income |
11.000 |
13.100 |
6.222 |
|
|
TOTAL
EARNINGS |
954.200 |
477.000 |
340.376 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
28.800 |
117.300 |
86.898 |
|
|
Products |
3337.900 |
1783.300 |
1231.235 |
|
|
TOTAL
IMPORTS |
3366.700 |
1900.600 |
1318.133 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.52 |
12.29 |
18.10 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
30.09.2012 |
30.09.2011 |
|
|
[18
Months] |
[12
Months] |
[12
Months] |
|
Current Maturities of Long term debt |
166.400 |
51.500 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
30.09.2012 |
30.09.2011 |
|
|
|
[18
Months] |
[12
Months] |
[12
Months] |
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
0.09 |
1.37 |
2.71 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
6.70 |
4.14 |
5.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.59 |
2.79 |
5.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.05 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.13 |
0.06 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.13 |
1.73 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.09.2011 |
30.09.2012 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
63.800 |
63.800 |
63.800 |
|
Reserves & Surplus |
2248.100 |
2281.700 |
2291.400 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2311.900 |
2345.500 |
2355.200 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
88.200 |
141.700 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
0.000 |
51.500 |
166.400 |
|
Total borrowings |
0.000 |
139.700 |
308.100 |
|
Debt/Equity ratio |
0.000 |
0.060 |
0.131 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.09.2011 |
30.09.2012 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
4257.600 |
5722.200 |
11051.600 |
|
|
|
34.400 |
93.136 |
NET PROFIT MARGIN
|
Net Profit Margin |
30.09.2011 |
30.09.2012 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
4257.600 |
5722.200 |
11051.600 |
|
Profit |
115.500 |
78.400 |
9.700 |
|
|
2.71% |
1.37% |
0.09% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particular |
As
on 30.09.2012 |
As
on 30.09.2012 |
|
|
(Rs. In Million) |
|
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from other |
131.800 |
68.800 |
|
Long-term maturities of finance lease |
9.900 |
19.400 |
|
|
|
|
|
Total |
141.700 |
88.200 |
Note:
The registered office of the company has been
shifted from Unit 204-206, Welspun House, Kamala Mills Compound, Lower Parel, Mumbai
– 400013, Maharashtra, India to the present w.e.f.30.04.2011
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80049418 |
17/11/2014 * |
1,180,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
INDIA AREA MANAGEMENT OFFICE, 52/60 MAHATMA GANDH |
C34635466 |
|
2 |
80049417 |
14/11/2008 * |
210,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL |
A52280682 |
|
3 |
90212967 |
17/04/2013 * |
390,000,000.00 |
DBS BANK LTD |
221, FORT HOUSE, 3RD FLOOR, D.N.ROAD, FORT, MUMBA |
B74580192 |
* Date of charge modification
BUSINESS PERFORMANCE
The current accounting period ended 31st March, 2014 is for a period of 18 months whereas the previous year is of 12 months. Thus, the figures of the current period are not comparable with the previous year.
During the period, the Company achieved total income of Rs. 11081.700 Million as against Rs. 5767.000 Million in the previous year.
The Profit before tax of Rs. 149.400 Million (after incurring impairment loss of Rs. 272.000 Million) for period ended 31st March, 2014 against profit before tax of Rs. 124.200 Million for year ended 30th September, 2012.
SOCIAL OBLIGATION
The Company is fully aware of responsibility towards its own employees, their dependents and the local community within which the works are situated. Their driving objective has been to improve living and working conditions of their large workforce and their dependents. There has been a constant endeavor to interact with the employees on a day to day basis and promptly resolve issues that surface.
GENERAL INFORMATION
ABOUT COMPANY
The company was incorporated in the year 1994 and is a subsidiary of Dimension Data Asia Pacific Pte Limited, Singapore and has been working closely with the group to leverage business opportunities in India.
The Company is primarily engaged in the business of data communication, networking and trading of networking equipments. The Company combines an expertise in networking, security, data centre, storage, Microsoft solutions and converged communications and contact centre technologies, with advanced skills in consulting, integration, training and managed services to craft Information Technology solutions for businesses.
The Company has entered into a joint arrangement with Bharat Sanchar Nigam Limited (BSNL) for setting up of Internet Data Centres (IDC) across various locations of BSNL. The Company offers co-location services, customized managed hosting and managed cloud platform from IDC.
FIXED ASSETS
Tangible Assets
- Plant and Equipment
- Furniture and fixtures
- Office Equipment
- Computer Equipments
- Leasehold Improvements
Intangible Assets
- Computer Software
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.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.