MIRA
INFORM REPORT
|
Report No. : |
345981 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZAPAK DIGITAL ENTERTAINMENT LIMITED (w.e.f. 31.08.2006) |
|
|
|
|
Formerly Known
As : |
RELIANCE
COM LIMITED |
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|
|
Registered
Office : |
H-Block, 1st Floor, Dhirubhai Ambani, Knowledge City, Thane Belapur
Road, Navi Mumbai – 400710, Maharashtra |
|
Tel. No.: |
91-22-39816600 |
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|
|
|
Country : |
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|
|
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Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
14.12.2005 |
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|
|
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Com. Reg. No.: |
11-158036 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH2005PLC158036 |
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IEC No.: |
0306088771 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCR1992A |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is primary business is to provide all kinds of online and
mobile games. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2005. Reliance Innoventures
Private Limited, AAA Entertainment Private Limited and Reliance Big
Entertainment Private Limited are the holding companies to the subject. For the FY2014, the company has achieved decent sales turnover but has
incurred continuous loss which has eroded its networth base. The company possesses moderate financial risk profile marked by huge
borrowings and there is unfavourable gap between trade payables and trade
receivables. However, trade relations are fair. Business is active. Payments are
slow but correct. The company can be considered for business dealings with some caution. |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Vinod |
|
Designation : |
Supervisor |
|
Contact No.: |
91-22-39816600 |
|
Date : |
17.10.2015 |
LOCATIONS
|
Registered Office : |
H-Block, 1st Floor, Dhirubhai Ambani, Knowledge City, Thane Belapur
Road, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
narendra.kamath@relianceada.com Customer Service : zapak.helpdesk@relianceada.com Sales Inquiry : zapak.sales@elianceada.com Alliances Inquiry : zapak.alliances@relianceada.com Site Feedback : zapak.feedback@relianceada.com International Alliances : zapak.internationalalliances@relianceada.com Game Development : zapak.gamedevelopment@relianceada.com Media Queries : zapak.media@relianceada.com Digital and Social Media Agency Business :zapak.agency@relianceada.com Legal Queries : zapak.legal@relianceada.com |
|
Website : |
|
|
|
|
|
Corporate Office : |
Level 4, Infiniti Mall, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-39816600 |
|
Fax No.: |
91-22-39816601 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Venkatarao Ponnada |
|
Designation : |
Director |
|
Address : |
Flat No. 1004, Building 47, Seawoods Estates, Phase - II, Sector - 54, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1955 |
|
Date of Appointment : |
25.03.2011 |
|
DIN No.: |
01503467 |
|
|
|
|
Name : |
Mr. Shibasish Tejendranath Sarkar |
|
Designation : |
Director |
|
Address : |
1403, Snowflama, Dosti Flamingos,, Chinamill Compound, Tokersi Jivraj Road, Parel, Mumbai - 400015, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1972 |
|
Date of Appointment : |
25.03.2011 |
|
DIN No.: |
03450533 |
|
|
|
|
Name : |
Mr. Paras Chandrakant Jani |
|
Designation : |
Additional Director |
|
Address : |
20, C.J. Apartment,, Shantilal Mody Road, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Appointment : |
30.06.2015 |
|
DIN No.: |
07038379 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod |
|
Designation : |
Supervisor |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of
Shareholders |
|
No. of Shares |
|
Gaurang Shah Jointly with Reliance Big Entertainment Private Limited, India |
|
1 |
|
Abhijit Banerjee Jointly with Reliance Big Entertainment Private Limited, India |
|
1 |
|
Ashish Karyekar Jointly with Reliance Big Entertainment Private Limited, India |
|
1 |
|
Paresh Rathod Jointly with Reliance Big Entertainment Private Limited, India |
|
1 |
|
Reliance Big Entertainment Private Limited, India |
|
49,994 |
|
AAA Finance Management Private Limited, India Jointly with Reliance Big Entertainment Private Limited, India |
|
1 |
|
AAA Project Finance Management Private Limited, India Jointly with Reliance Big Entertainment Private Limited, India |
|
1 |
|
Total |
|
50,000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primary business is to provide all kinds of online and
mobile games. |
|
|
|
|
Products / Services : |
Online Gaming, Advertisement and Events |
|
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Indusind Bank Limited, 2401 Gen Thimmayya Road, Contonment, Pune - 411001, Maharashtra, India |
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Facilities : |
Note : The cash credit facility is secured by an unconditional and frrevocable
Corporate Guarantee given by Reliance Big Entertainment Private Limited and a
first charge on the whole of the current assets of the company. Loans from related party is secured by way of first charge on book
debts and all other moveable assets and all other tangible moveable
properties of the company. |
|
Auditors : |
|
|
Name : |
Pathak H. D. and Associates Chartered Accountants |
|
Address : |
814-815, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-30228508 |
|
Fax No.: |
91-22-30228509 |
|
Website : |
|
|
PAN No.: |
AAAFP1031C |
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|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
Holding Company : |
·
Reliance Big Entertainment Private Limited
[U72900MH2006PTC160603] ·
AAA Entertainment Private Limited |
|
|
|
|
Ultimate Holding Company : |
Reliance Innoventures Private Limited |
|
|
|
|
Fellow Subsidiaries : |
·
Big Flicks Private Limited ·
Reliance Capital Limited ·
Reliance Communications Infrastructure
Limited ·
Reliance Communications Limited ·
Reliance Infocomm Infrastructure Private
Limited ·
Reliance Webstore Limited ·
Reliance Big TV Limited ·
Campion Properties Limited ·
Zapak Mobile Games Private Limited ·
Codemaster Software Company Limited ·
Reliance General Insurance Company Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves &
Surplus |
(2605.255) |
(2450.438) |
(2241.103) |
|
(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) |
(2604.755) |
(2449.938) |
(2240.603) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
9.600 |
29.331 |
|
(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 |
2.607 |
2.296 |
4.888 |
|
Total Non-current
Liabilities (3) |
2.607 |
11.896 |
34.219 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2460.486 |
2346.498 |
2169.710 |
|
(b) Trade payables |
153.912 |
150.909 |
203.087 |
|
(c) Other current
liabilities |
188.506 |
110.876 |
80.642 |
|
(d) Short-term provisions |
1.147 |
1.790 |
3.963 |
|
Total Current Liabilities
(4) |
2804.051 |
2610.073 |
2457.402 |
|
|
|
|
|
|
TOTAL |
201.903 |
172.031 |
251.018 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17.586 |
20.328 |
65.485 |
|
(ii) Intangible Assets |
1.496 |
5.186 |
15.578 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.317 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.020 |
0.020 |
0.020 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.203 |
|
(e) Other Non-current
assets |
0.589 |
0.533 |
0.480 |
|
Total Non-Current Assets |
19.691 |
26.067 |
82.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
90.308 |
70.011 |
90.639 |
|
(d) Cash and cash
equivalents |
36.722 |
12.901 |
13.757 |
|
(e) Short-term loans and
advances |
55.145 |
62.963 |
64.438 |
|
(f) Other current assets |
0.037 |
0.089 |
0.101 |
|
Total Current Assets |
182.212 |
145.964 |
168.935 |
|
|
|
|
|
|
TOTAL |
201.903 |
172.031 |
251.018 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
149.044 |
80.281 |
352.090 |
|
|
Other Income |
5.961 |
13.810 |
9.478 |
|
|
TOTAL |
155.005 |
94.091 |
361.568 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Cost |
88.994 |
30.173 |
284.215 |
|
|
Franchisee Restructuring
Cost |
(0.150) |
0.547 |
0.442 |
|
|
Prior period expenses |
(0.486) |
2.698 |
0.701 |
|
|
Employees benefits
expense |
67.812 |
94.472 |
193.199 |
|
|
Other expenses |
56.394 |
83.229 |
156.017 |
|
|
TOTAL |
212.564 |
211.119 |
634.574 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(57.559) |
(117.028) |
(273.006) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
89.541 |
77.976 |
55.159 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(147.100) |
(195.004) |
(328.165) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.717 |
14.331 |
54.311 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(154.817) |
(209.335) |
(382.476) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(154.817) |
(209.335) |
(382.476) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Advertisement Service |
9.375 |
1.860 |
8.862 |
|
|
TOTAL EARNINGS |
9.375 |
1.860 |
8.862 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(3096.34) |
(4186.70) |
(7649.52) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(74.685) |
(149.023) |
(78.784) |
|
Net Cash generated from / (used in) Operating Activities |
(77.531) |
(151.527) |
(78.486) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(103.87) |
(260.75) |
(108.63) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(38.62) |
(145.77) |
(77.54) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(76.69) |
(121.70) |
(152.57) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.09 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(0.94) |
(0.96) |
(0.98) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.06 |
0.06 |
0.07 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
(2241.103) |
(2450.438) |
(2605.255) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(2240.603) |
(2449.938) |
(2604.755) |
|
|
|
|
|
|
long-term borrowings |
29.331 |
9.600 |
0.000 |
|
Short term borrowings |
2169.710 |
2346.498 |
2460.486 |
|
Total borrowings |
2199.041 |
2356.098 |
2460.486 |
|
Debt/Equity ratio |
(0.981) |
(0.962) |
(0.945) |
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 |
352.090 |
80.281 |
149.044 |
|
|
|
(77.199) |
85.653 |
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 |
352.090 |
80.281 |
149.044 |
|
Profit/Loss |
(382.476) |
(209.335) |
(154.817) |
|
|
(108.63%) |
(260.75%) |
(103.87%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE
The registered office has been shifted from
3rd Floor, Reliance Energy Centre, Santacruze (East), Mumbai – 400055,
Maharashtra, India to the present address w.e.f. 27.08.2008.
BACKGROUND
The company is primary business is to provide all kinds of online and mobile games on its portal, http://www.zapak.com. The main stream of revenue is from Online Gaming, Advertisement and Events.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from related parties |
2460.486 |
2307.436 |
|
|
|
|
|
Total |
2460.486 |
2307.436 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10545208 |
18/12/2014 |
1,500,000,000.00 |
INDUSIND BANK LIMITED |
2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA |
C41498403 |
FIXED ASSETS
· Plant and Machinery
· Furniture and Fixtures
· Office Equipment
· Computer
· Leasehold Improvement
· Computer Software
· Game license
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.64.96 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.