MIRA INFORM REPORT
|
Report No. : |
343493 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
CITIGROUP GLOBAL MARKETS INDIA PRIVATE LIMITED (w.e.f. 04.04.2003) |
|
|
|
|
Formerly Known
As: |
SALOMON SMITH BARNEY INDIA PRIVATE LIMITED |
|
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Registered
Office : |
1202, 12th Floor, First International Financial Centre, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-61759999 |
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|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
22.05.2000 |
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Com. Reg. No.: |
11-126657 |
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Capital
Investment / Paid-up Capital : |
Rs.2300.0000 Million |
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CIN No.: [Company Identification
No.] |
U99999MH2000PTC126657 |
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAECS7234F |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of securities broking and merchant banking, also engaged in the business of distribution of financial products. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 22nd May, 2000. It operates as a
subsidiary of Citigroup Financial Products Inc. The company possesses a healthy financial risk profile marked by
strong networth base, healthy cash accruals, decent liquidity and moderate
gearing. Trade relations are reported to be fair. Business is active. Payment
terms are reported 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
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
31-03-2015.
INFORMATION DENIED
Management non-cooperative (91-22-61759999)
LOCATIONS
|
Registered Office : |
1202, 12th Floor, First International Financial Centre, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-61759999 |
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Fax No.: |
91-22-61759961 |
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E-Mail : |
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Branch Office : |
Located At:
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DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Sudarshan Achutha Shetty |
|
Designation : |
Director |
|
Address : |
Narsinh Sadan Flat No.401, 1st Road, TPS 3, Santacruz (East), Mumbai - 400055, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1969 |
|
Date of Appointment : |
28.05.2013 |
|
DIN No.: |
06566842 |
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|
|
|
Name : |
Mr. Ravi Kapoor |
|
Designation : |
Director |
|
Address : |
Flat 1, Dalamal Court, 7/18, Worii Seaface, Worli, Mumbai - 400018, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1962 |
|
Date of Appointment : |
28.12.2005 |
|
DIN No.: |
00185981 |
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|
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|
Name : |
Mr. Virendra Suryabhan Somwanshi |
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Designation : |
Additional Director |
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Address : |
405 Sandy Flama, Dosti Flamingo, T J Road, Sewree, Mumbai - 400015, Maharashtra, India |
|
Date of Appointment : |
25.02.2015 |
|
DIN No.: |
06994271 |
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|
|
|
Name : |
Mr. Aditya Narain |
|
Designation : |
Director |
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Address : |
B-2102, Lodha Bellissimo, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400011, Maharashtra, India |
|
Date of Birth/Age : |
26.09.1968 |
|
Date of Appointment : |
17.06.2011 |
|
DIN No.: |
03490792 |
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|
|
|
Name : |
Mr. Abhinav Shiva Khanna |
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Designation : |
Additional Director |
|
Address : |
B-406, Dosti Floretine, Dosti Acres Complex, Wadala (East), Mumbai - 400037, Maharashtra, India |
|
Date of Appointment : |
21.11.2014 |
|
DIN No.: |
06939856 |
|
|
|
|
Name : |
Mr. Niraj Karwa |
|
Designation : |
Additional Director |
|
Address : |
1204 / A, Satellite Tower, Gen. A. K. Vaidya Marg, Film City Road, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Date of Appointment : |
21.11.2014 |
|
DIN No.: |
06784782 |
|
|
|
|
Name : |
Kartik Chandra Kaushik |
|
Designation : |
Additional Director |
|
Address : |
Flat 14, Thulasi Apts, Old 6, New 11, Kuppuswamy Street, T. Nagar, Chennai - 600017, Tamilnadu, India |
|
Date of Appointment : |
29.01.2015 |
|
DIN No.: |
02395456 |
KEY EXECUTIVES
|
Name : |
Kanwalpreetsingh Satpalsingh Arora |
|
Designation : |
Company Secretary |
|
Address : |
203B, Vibhuti Tower, B/H Karnavati Pagarkha Bazar, Jodhpur Satellite, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
|
|
Date of Appointment : |
27.02.2015 |
|
PAN No.: |
AJQPA1112N |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Seven World Holdings LLC, USA |
|
550000 |
|
Citigroup Global Markets Pacific Holding Company Inc., USA |
|
200000 |
|
Total |
|
750000 |
|
Names of Shareholders (Preference) |
|
No. of Shares |
|
Seven World Holdings LLC, USA (15% Non-convertible cumulative
Preference Shares) |
|
500 |
|
Citigroup Global Markets Pacific Holding Company Inc., USA (15% Non-convertible
cumulative Preference Shares) |
|
500 |
|
Citigroup Financial Products Inc., USA (12.75% Compulsorily
convertible cumulative preference shares) |
|
1100 |
|
Citigroup Financial Products Inc., USA (12.75% Compulsorily convertible
cumulative preference shares) |
|
1000 |
|
Citigroup Financial Products Inc., USA (12.75% Compulsorily
convertible cumulative preference shares) |
|
1600 |
|
Total |
|
4700 |
As on 29.09.2014
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of securities broking and merchant banking, also engaged in the business of distribution of financial products. |
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Products : |
Not Available |
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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 : |
Not Divulged |
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Purchasing : |
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 : |
|
|
Name : |
B S R and Company LLP Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
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PAN No.: |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Seven World Holdings LLC (SWH) |
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Holding company of
SWH and CGMPHC : |
Citigroup Financial Products Inc. (CFPI) |
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Holding company of
CFPI : |
Citigroup Global Markets Holding Inc. |
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Ultimate holding
company : |
Citigroup Inc. |
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Fellow Subsidiary : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
101282000 |
Equity Shares |
Rs.10/- each |
Rs.1012.820 Million |
|
1024 |
15% Non-convertible cumulative preference shares |
Rs.195000/- each |
Rs.199.680 Million |
|
1100 |
12.75% Compulsorily convertible cumulative preference shares |
Rs.225000/- each |
Rs.247.500 Million |
|
1000 |
12.75% Non-convertible cumulative preference shares |
Rs.250000/- each |
Rs.250.000 Million |
|
1600 |
12.75% Non-convertible cumulative preference shares |
Rs.1000000/- each |
Rs.1600.000 Million |
|
100000000 |
12.75% Non-convertible cumulative preference shares |
Rs. 10/- each |
Rs.1000.000 Million |
|
|
Total |
|
Rs.4310.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Million |
|
1000 |
15% Non-convertible cumulative preference shares |
Rs.195000/- each |
Rs.195.000 Million |
|
1100 |
12.75% Compulsorily convertible cumulative preference shares |
Rs.225000/- each |
Rs.247.500 Million |
|
1000 |
12.75% Non-convertible cumulative preference shares |
Rs.250000/- each |
Rs.250.000 Million |
|
1600 |
12.75% Non-convertible cumulative preference shares |
Rs.1000000/- each |
Rs.1600.000 Million |
|
|
Total |
|
Rs.2300.000 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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2300.000 |
2300.000 |
2300.000 |
|
(b) Reserves &
Surplus |
8410.900 |
8424.100 |
13983.100 |
|
(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) |
10710.900 |
10724.100 |
16283.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
7.000 |
10.800 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
19.600 |
24.400 |
12.300 |
|
Total Non-current
Liabilities (3) |
26.600 |
35.200 |
12.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
15079.300 |
11702.200 |
6552.500 |
|
(c) Other current
liabilities |
578.200 |
274.700 |
174.200 |
|
(d) Short-term provisions |
102.000 |
116.200 |
127.500 |
|
Total Current Liabilities
(4) |
15759.500 |
12093.100 |
6854.200 |
|
|
|
|
|
|
TOTAL |
26497.000 |
22852.400 |
23149.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2551.200 |
212.600 |
263.500 |
|
(ii) Intangible Assets |
0.700 |
1.200 |
1.700 |
|
(iii) Capital
work-in-progress |
0.000 |
2348.700 |
6.400 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.500 |
9.500 |
9.500 |
|
(c) Deferred tax assets
(net) |
66.400 |
37.000 |
31.900 |
|
(d) Long-term Loan and Advances |
1289.100 |
1339.000 |
0.000 |
|
(e) Other Non-current
assets |
850.000 |
0.200 |
1284.700 |
|
Total Non-Current Assets |
4766.900 |
3948.200 |
1597.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
2158.100 |
1052.100 |
1185.300 |
|
(d) Cash and cash equivalents |
19280.100 |
17386.100 |
19278.200 |
|
(e) Short-term loans and
advances |
61.000 |
215.400 |
793.700 |
|
(f) Other current assets |
230.900 |
250.600 |
294.700 |
|
Total Current Assets |
21730.100 |
18904.200 |
21551.900 |
|
|
|
|
|
|
TOTAL |
26497.000 |
22852.400 |
23149.600 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
5392.600 |
5349.000 |
5670.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
3082.900 |
3007.200 |
2858.400 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2309.700 |
2341.800 |
2812.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
198.500 |
119.100 |
95.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2111.200 |
2222.700 |
2716.400 |
|
|
|
|
|
|
|
Less |
TAX |
724.300 |
725.000 |
923.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1386.900 |
1497.700 |
1793.400 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
8034.500 |
13743.300 |
14891.800 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
138.700 |
149.800 |
200.000 |
|
|
Dividend |
1196.700 |
6071.700 |
2359.200 |
|
|
Tax on Dividend |
203.400 |
985.000 |
382.700 |
|
|
Total |
1538.800 |
7206.500 |
2941.900 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
7882.600 |
8034.500 |
13743.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1849.20 |
1996.93 |
2391.20 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
6.000 |
4.400 |
0.900 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
3759.900 |
6367.100 |
778.700 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
25.72 |
28.00 |
31.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.99 |
10.87 |
11.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.21 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.56 |
3.14 |
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 |
2300.000 |
2300.000 |
2300.000 |
|
Reserves & Surplus |
13983.100 |
8424.100 |
8410.900 |
|
Net worth |
16283.100 |
10724.100 |
10710.900 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
10.800 |
7.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
0.900 |
4.400 |
6.000 |
|
Total borrowings |
0.900 |
15.200 |
13.000 |
|
Debt/Equity ratio |
0.000 |
0.001 |
0.001 |
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) |
|
Total Income |
5670.400 |
5349.000 |
5392.600 |
|
|
|
(5.668) |
0.815 |
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 |
5670.400 |
5349.000 |
5392.600 |
|
Profit |
1793.400 |
1497.700 |
1386.900 |
|
|
31.63% |
28.00% |
25.72% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
Registered address has been shifted from 12th Floor, Bakhtawar, Nariman
Point, Mumbai – 400020, Maharashtra, India to the present address w.e.f.
24.06.2013
BACKGROUND
Subject was incorporated on 22 May 2000. The Company is in the business of securities broking and merchant banking. The Company is a trading member of the Bombay Stock Exchange Limited (BSEL), the National Stock Exchange of India Limited (NSEIL) and the Multi Commodity Exchange of India Limited (MCXIL) and participant of National Securities Depository Limited (NSDL). The Company is a clearing and trading member on the derivatives segment of NSEIL and BSEL. The Company is registered as a merchant banker, portfolio manager and a depository participant under the relevant rules and regulations issued by the Securities and Exchange Board of India ('SEBI'). The Company is also in the business of distribution of financial products.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Buildings
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Leasehold Improvements
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.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
68 |
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.