MIRA INFORM REPORT
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Report No. : |
340499 |
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Report Date : |
10.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED [w.e.f
06.08.2014] |
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Formerly Known
As : |
HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED |
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Registered
Office : |
Unit Nos. 3B - 01, 02 and 03, 3rd Floor, Phoenix, Paragon Plaza, CTS No. 124/B, 15 LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra |
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Tel. No.: |
91-22-71712900 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.03.2005 |
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Com. Reg. No.: |
11-216732 |
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Capital
Investment / Paid-up Capital : |
Rs.359.190 Million |
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CIN No.: [Company Identification
No.] |
U74130MH2005PTC216732 |
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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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PAN No.: [Permanent Account No.] |
AABCH7570C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the into Data base services including data processing and tabulation services, on-line information and data retrieval services, Electronic Data Interchange (EDI) service, web search portal content services, Code and protocol conversion services etc. |
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No. of Employees
: |
Information declined by the management
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RATING & COMMENTS
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MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The company has incurred loss from its operations during the FY 2014.
However, there are no external borrowings recorded by the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. Trade relations are fair. Business is active. Payment terms are
reported to be 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
31-03-2013.
INFORMATION DENIED
MANAGEMENT NON COOPERATIVE (91-22-71712900)
LOCATIONS
|
Registered Office/ Corporate Office : |
Unit Nos. 3B- 01, 02 and 03, 3rd Floor, Phoenix, Paragon Plaza, CTS No. 124/B, 15 LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra, India |
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Tel. No.: |
91-22-71712900 |
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Fax No.: |
91-22-71712901 |
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E-Mail : |
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Website : |
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Technology and Operations: |
Unit No. – 701 and 801, 7th and 8th Level, Survey No. - 114 and 115, Icon Towers, Baner Road, Pune – 411045, Maharashtra, India |
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Chennai Office: |
First Floor at New No 2, (Old No 162), Alwarpet Street, Alwarpet, Chennai – 600018, Tamilnadu, India |
DIRECTORS
AS ON 19.09.2014
|
Name : |
Ms. Kalpana Prakash Pandey |
|
Designation : |
Whole-Time Director |
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Date of Birth/Age : |
30.06.1968 |
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Address : |
Flat No. 32, 3rd Floor, B-1 Himalaya Society, Asalpha Ghatkopar, Mumbai -400084, Maharashtra, India |
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Date of Appointment : |
18.10.2013 |
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DIN No.: |
06715713 |
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PAN No.: |
AAFPP1450N |
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Name : |
Steven Angelo Pinto |
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Designation : |
Nominee Director |
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Date of Birth/Age : |
21.11.1945 |
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Address : |
Villa 10(A) St 65(A), Jumeira I Dubai -11621, , United Arab Emirates |
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Date of Appointment : |
18.10.2013 |
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DIN No.: |
00871062 |
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Name : |
Ms.Ajay Rameshchandra Garg |
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Designation : |
Nominee Director |
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Date of Birth/Age : |
01.10.1971 |
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Address : |
Flat - 32, Shikha, Plot -14, Khatau Estate, Union Park, Pali Hill, Bandra - (West), Mumbai - 400050, Maharashtra, India |
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Date of Appointment : |
24.04.2014 |
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DIN No.: |
00630768 |
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Name : |
Larry Howell |
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Designation : |
Nominee Director |
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Date of Birth/Age : |
23.05.1942 |
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Address : |
555 W Adams, 7th Floor, Chicago - 60661, , United States Of America |
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Date of Birth/Age : |
23.05.1942 |
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Date of Appointment : |
10.08.2010 |
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DIN No.: |
00005445 |
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Name : |
Stefano Mauro Stoppani |
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Designation : |
Nominee Director |
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Date of Birth/Age : |
11.06.1969 |
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Address : |
Via De Gombruti - 2, Bologna, Na, Italy |
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Date of Appointment : |
26.04.2014 |
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DIN No.: |
06905105 |
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Name : |
Enrico Lodi |
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Designation : |
Nominee Director |
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Date of Birth/Age : |
30.06.1964 |
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Address : |
Via Otello Selleri 88, 40068 San Lazzaro Di Savena Bo, Bologna, Na, Italy |
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Date of Appointment : |
24.06.2014 |
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DIN No.: |
06904637 |
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Name : |
Supriyo Kumar Chaudhuri |
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Designation : |
Nominee Director |
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Date of Birth/Age : |
23.05.1942 |
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Address : |
Flat 4c, Kinellan Tower, 100a, Nepean Sea Road, Mumbai, Mumbai - 400006, Maharashtra, India |
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Date of Appointment : |
07.08.2014 |
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DIN No.: |
06915387 |
KEY EXECUTIVES
|
Name : |
Shristi Padia |
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Designation : |
Secretary |
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Date of Birth/Age : |
24.09.1988 |
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Address : |
C/203, Laxmi Narayan Apts.,, Jesal Park, Bhayander (East), Thane - 401105, Maharashtra, Indi |
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Date of Appointment : |
19.09.2014 |
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PAN No: |
AVBPP7087Q |
MAJOR SHAREHOLDERS
AS ON 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
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CRIF S. P. A |
|
34295128 |
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Punjab National Bank |
|
1926531 |
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Small Industries Development Bank of India |
|
1926531 |
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State Bank of India |
|
1926531 |
|
Edelweiss Capital Limited |
|
1926531 |
|
Alpha Microfinance Consultants
Private Limited |
|
963265 |
|
Rakesh Jhunjhunwala |
|
963266 |
|
Trust Capital Services (India) Private Limited |
|
481633 |
|
Equirus Capital Private Limited |
|
192653 |
|
Rajiv Luthra |
|
963265 |
|
Cyprian D’souza |
|
577959 |
|
R. Krishnan |
|
288979 |
|
Anil Pandya |
|
336529 |
|
Frontline Venture Services |
|
192653 |
|
Jayavardhan Dhar Diwan |
|
96326 |
|
Sanjeev Anand |
|
96326 |
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Shriram City Union Finance Limited |
|
963265 |
|
Anuj Desai |
|
01 |
|
Piyush Acharya |
|
100 |
|
Kishor Parkhe |
|
1800 |
|
Sridhar Keppurengan |
|
80000 |
|
Ashwini Patil |
|
1500 |
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Total |
|
48200772 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
71.85 |
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Bodies corporate |
9.79 |
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Other top fifty shareholders |
6.36 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the into Data base services including data processing and tabulation services, on-line information and data retrieval services, Electronic Data Interchange (EDI) service, web search portal content services, Code and protocol conversion services etc. |
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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 : |
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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Auditors : |
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Name : |
Anil Ashok and Associates Chartered Accountants |
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Address : |
901, Kamla Executive Park, Off Andheri Kurla Road, J.B. Nagar, Andheri (East), Mumbai – 4000059, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFA5288M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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CAPITAL STRUCTURE
AS ON 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
85000000 |
Equity Shares |
Rs.10/- each |
Rs.850.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
48200772 |
Equity Shares |
Rs.10/- each |
Rs.482.008
Million |
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AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
85000000 |
Equity Shares |
Rs.10/- each |
Rs.850.000 Million |
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No. of Shares |
Type |
Value |
Amount |
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|
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|
35918967 |
Equity Shares |
Rs.10/- each |
Rs.359.190
Million |
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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 |
359.190 |
359.184 |
359.184 |
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(b) Reserves & Surplus |
(315.404) |
(235.612) |
(143.516) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.300 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
44.086 |
123.572 |
215.668 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.744 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
2.226 |
7.409 |
|
Total
Non-current Liabilities (3) |
0.744 |
2.226 |
7.409 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
26.395 |
|
(b) Trade payables |
13.412 |
2.456 |
2.255 |
|
(c) Other current liabilities |
118.659 |
39.548 |
9.071 |
|
(d) Short-term provisions |
15.431 |
14.878 |
14.103 |
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Total
Current Liabilities (4) |
147.502 |
56.882 |
51.824 |
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|
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TOTAL |
192.332 |
182.680 |
274.901 |
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II.
ASSETS |
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
15.799 |
19.508 |
16.880 |
|
(ii) Intangible Assets |
138.161 |
119.405 |
145.050 |
|
(iii) Capital work-in-progress |
0.042 |
0.042 |
0.042 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.954 |
4.829 |
4.809 |
|
(e) Other Non-current assets |
12.632 |
7.104 |
5.828 |
|
Total
Non-Current Assets |
172.588 |
150.888 |
172.609 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
11.605 |
9.429 |
5.541 |
|
(d) Cash and cash equivalents |
3.681 |
20.219 |
94.696 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.050 |
|
(f) Other current assets |
4.458 |
2.144 |
2.005 |
|
Total
Current Assets |
19.744 |
31.792 |
102.292 |
|
|
|
|
|
|
TOTAL |
192.332 |
182.680 |
274.901 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
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Income |
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|
|
Other Income |
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|
|
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TOTAL
|
99.401 |
78.258 |
39.917 |
|
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|
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|
Less |
TOTAL
EXPENSES |
120.495 |
138.056 |
129.980 |
|
|
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(21.094) |
(59.798) |
(90.063) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
59.698 |
32.298 |
29.929 |
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PROFIT/ (LOSS)
BEFORE TAX |
(80.792) |
(92.096) |
(119.992) |
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|
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|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
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|
PROFIT/ (LOSS)
AFTER TAX |
(80.792) |
(92.096) |
(119.992) |
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|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(2.25) |
(2.80) |
(3.34) |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
0.057 |
(0.040) |
(0.112) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
(81.28) |
(117.68) |
(300.60) |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
(42.02) |
(50.43) |
(43.66) |
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
(5.74) |
(0.75) |
(0.56) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.13 |
0.56 |
1.97 |
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 |
359.184 |
359.184 |
359.190 |
|
Reserves & Surplus |
(143.516) |
(235.612) |
(315.404) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.300 |
|
Net
worth |
215.668 |
123.572 |
44.086 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
26.395 |
0.000 |
0.000 |
|
Total
borrowings |
26.395 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.122 |
0.000 |
0.000 |
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 |
39.917 |
78.258 |
99.401 |
|
|
|
96.052 |
27.017 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
39.917 |
78.258 |
99.401 |
|
Profit |
(119.992) |
(92.096) |
(80.792) |
|
|
(300.60%) |
(117.68%) |
(81.28%) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMMERCIAL
OPERATIONS:
BUSINESS UPDATE:
As they may be aware, the Company is the only FULL SERVICE Credit Bureau in India which covers all borrower segments. Consumer Retail, MSME/Commercial, Microfinance and Rural. The Company today operates the largest credit database of individuals in India and continues to operate World’s Largest Microfinance Database. In past three years, your Company has also built a reasonably strong MSME/Commercial database. The Company’s member institutions cover almost all PSU Banks, and leading Private & Foreign Banks, Cooperative and Regional Rural Banks, MFI’s and NBFC’s. Most Data contributing institutions share data with us on a monthly basis. Most large Microfinance Institutions share data with CRIF High Mark (CRIF HM) on a weekly basis, matching the repayment frequency on the loan. RBI Committees recommendation and push for all credit institutions to join a credit bureau will see a very significant growth in our member base over the coming year.
CHANGE OF NAME:
CRIF S.p.A. has acquired majority stake in the Equity Share Capital of the Company on June 24, 2014 and accordingly your Company has become subsidiary of CRIF S.p.A. The name of the Company has been changed from High Mark Credit Information Services Private Limited to CRIF High Mark Credit Information Services Private Limited Pursuant to receipt of fresh Certificate of Incorporation dated August 06, 2014 from Registrar of Companies, Mumbai.
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
Intangible assets
- Computer software
- Copyrights, patents
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.29 |
|
UK Pound |
1 |
Rs.101.89 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
31 |
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.