MIRA INFORM REPORT

 

 

Report No. :

342330

Report Date :

25.09.2015

 

IDENTIFICATION DETAILS

 

Name :

UGAM SOLUTIONS PRIVATE LIMITED (w.e.f. 25.02.2002)

 

 

Formerly Known As :

PRODUCTORIUM DOTCOM INDIA PRIVATE LIMITED

 

 

Registered Office :

Sunshine Tower, 31st Floor, Senapati Bapat Marg, Dadar (West), Mumbai – 400013, Maharashtra

Tel. No.:

91-22-66527300

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

04.04.2000

 

 

Com. Reg. No.:

11-125592

 

 

Capital Investment / Paid-up Capital :

Rs.4.681 Million

 

 

CIN No.:

[Company Identification No.]

U72900MH2000PTC125592

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject range of services and solutions to Global Market Research fims include research operations, technology infrastructure transition, data warehousing, aggregration and visualization, sample management optimization, global program management, custom planel solutions, reporting solutions and mobile solutions. Subject services and solutions to Internet Retailers and Brands includes Price Intelligence and Optimization, Assortment Intelligence, Product Content Solutions and Channel monitoring solutions.

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 2100000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2000. It is into managing analytics that helps retailers, brands and market research firms transform big data into valuable insights.

 

For the financial year 2014, the company has achieved profit of Rs. 179.115 Million which increased from Rs. 63.382 Million when compared from the year 2013. It has adequate net worth base and there is favourable gap between trade payables and receivables.

 

Trade relations are fair. Business is active. Payments are reported to be usually correct.

 

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.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

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 DECLINED BY

 

Name :

Ms. Kamini

Designation :

Team Trader Finance

Contact No.:

91-22-66527300

Date :

23.09.2015

 

 

 

LOCATIONS

 

Registered Office :

Sunshine Tower, 31st Floor, Senapati Bapat Marg, Dadar (West), Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-66527300

Fax No.:

Not Available

E-Mail :

vinod.jain@ugamsolutions.com

Website:

www.ugamsolutions.com

 

 

DIRECTORS

 

AS ON 19.09.2014

 

Name :

Mr. Madhav Navinchandra Mirani

Designation :

Director

Address :

21A, Meherina Nepeansea Road, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

24.04.1972

Date of Appointment :

01.08.2000

DIN No.:

00324298

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72200MH1999PTC120148

KVS SOFTWARE PRIVATE LIMITED

Director

2/6/1999

2/6/1999

-

Active

NO

2

U85923MH1995PTC086821

OLIVE FINANCE AND INVESTMENTS PRIVATE LIMITED

Director

22/11/1999

22/11/1999

31/12/2007

Active

NO

3

U72900MH2000PTC125592

UGAM SOLUTIONS PRIVATE LIMITED

Director

1/8/2000

1/8/2000

-

Active

NO

4

U64200MH2008PTC182064

UGAM SOLUTIONS SEZ PRIVATE LIMITED

Director

29/09/2009

30/06/2008

-

Active

NO

 

 

Name :

Mr. Raj Govind Nair

Designation :

Director

Address :

C 2203, Ashok Towers, Dr.S.S.Rao Road, Parel East, Near Citi Tower, Mumbai - 400012, Maharashtra, India

Date of Birth/Age :

05.11.1948

Date of Appointment :

29.09.2009

DIN No.:

00129918

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74140MH1993PTC075146

STRATBIZ CONSULTING PRIVATE LIMITED

Whole-time director

17/11/1993

17/11/1993

-

Active

NO

2

U72900MH2000PTC125592

UGAM SOLUTIONS PRIVATE LIMITED

Director

4/4/2000

4/4/2000

-

Active

NO

3

L74140GJ1982PLC005215

MASTEK LIMITED

Director

10/10/2001

10/10/2001

20/07/2010

Active

NO

4

U65991MH2003PTC138496

SBI MUTUAL FUND TRUSTEE COMPANY PRIVATE LIMITED

Director

30/08/2005

30/08/2005

18/03/2009

Active

NO

5

U72300MH2007PTC168184

GERMINAIT Solutions Private Limited

Director

27/02/2007

27/02/2007

-

Active

NO

6

U93030MH2007PTC169804

OC & C STRATEGY CONSULTANTS INDIA PRIVATE LIMITED

Director

9/4/2007

9/4/2007

-

Active

NO

7

U64200MH2008PTC182064

UGAM SOLUTIONS SEZ PRIVATE LIMITED

Director

29/09/2009

30/06/2008

-

Active

NO

8

U74999MH2012PTC231883

AGR Knowledge Services Private Limited

Director

5/6/2012

5/6/2012

-

Active

NO

 

 

Name :

Mr. Ramakrishnan Ananthraman Kalpathy

Designation :

Director

Address :

D-56, Karmakshetra, Sion Koliwada, Mumbai - 400037, Maharashtra, India

Date of Appointment :

04.04.2000

DIN No.:

00184548

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74140MH1993PTC075146

STRATBIZ CONSULTING PRIVATE LIMITED

Whole-time director

17/11/1993

17/11/1993

-

Active

NO

2

U72900MH2000PTC125592

UGAM SOLUTIONS PRIVATE LIMITED

Director

4/4/2000

4/4/2000

-

Active

NO

3

U74140MH1989PTC050988

TRENDSET CONSULTANCY SERVICES PRIVATE LIMITED

Director

15/12/2004

15/12/2004

-

Active

NO

4

U74210MH2005PTC151430

BECKETT RANKINE INDIA PRIVATE LIMITED

Director

21/02/2005

21/02/2005

-

Active

NO

5

U93030MH2007PTC169804

OC & C STRATEGY CONSULTANTS INDIA PRIVATE LIMITED

Director

9/4/2007

9/4/2007

-

Active

NO

6

U64200MH2008PTC182064

UGAM SOLUTIONS SEZ PRIVATE LIMITED

Director

9/5/2008

9/5/2008

-

Active

NO

7

U74999MH2012PTC231883

AGR Knowledge Services Private Limited

Director

5/6/2012

5/6/2012

-

Active

NO

 

 

Name :

Mr. Mohana Raj Nair

Designation :

Director

Address :

RM 2203/04/05/06, 22nd Floor, Building 107, Ashok Towers, Plot 63/74, Dr.S.S. Rao Road, Mumbai - 400012, Maharashtra, India

Date of Birth/Age :

21.06.1951

Date of Appointment :

07.04.2000

DIN No.:

00366873

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74140MH1989PTC050988

TRENDSET CONSULTANCY SERVICES PRIVATE LIMITED

Director

13/03/1989

13/03/1989

29/03/2014

Active

NO

2

U74140MH1993PTC075146

STRATBIZ CONSULTING PRIVATE LIMITED

Director

30/09/1994

30/09/1994

-

Active

NO

3

U72900MH2000PTC125592

UGAM SOLUTIONS PRIVATE LIMITED

Director

7/4/2000

7/4/2000

-

Active

NO

4

U64200MH2008PTC182064

UGAM SOLUTIONS SEZ PRIVATE LIMITED

Director

29/09/2009

30/06/2008

-

Active

NO

 

 

Name :

Mr. Sunil Pratapsinh Mirani

Designation :

Director

Address :

D/9, Ananta Apartments, Dr.Rajaballi Patel Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

18.12.1966

Date of Appointment :

06.11.2001

DIN No.:

01576946

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U14050MH1948PTC006521

K V COTTON GINNING AND PRESSING COMPANY PRIVATE Limited

Director

1/8/1990

1/8/1990

4/2/2015

Active

NO

2

U72200MH1999PTC120148

KVS SOFTWARE PRIVATE LIMITED

Director

2/6/1999

2/6/1999

-

Active

NO

3

U85923MH1995PTC086821

OLIVE FINANCE AND INVESTMENTS PRIVATE LIMITED

Director

22/11/1999

22/11/1999

4/2/2015

Active

NO

4

U72900MH2000PTC125592

UGAM SOLUTIONS PRIVATE LIMITED

Director

6/11/2001

6/11/2001

-

Active

NO

5

U64200MH2008PTC182064

UGAM SOLUTIONS SEZ PRIVATE LIMITED

Director

9/5/2008

9/5/2008

-

Active

NO

6

U74140MH1995PTC092200

SCIL CAPITAL INDIA Private Limited

Director

29/09/2011

18/10/2010

5/2/2015

Active

NO

7

U74140MH1997NPL111167

YOUNG PRESIDENTS ORGANIZATION (MUMBAI CHAPTER)

Director

1/7/2013

1/7/2013

1/7/2014

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Kamini

Designation :

Team Trader Finance

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 19.09.2014

 

SHAREHOLDING DETAIL FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 19.09.2014

 

Category

Percentage

Bodies corporate

8.22

Directors or relatives of Directors

41.54

Other top fifty shareholders

50.24

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject range of services and solutions to Global Market Research fims include research operations, technology infrastructure transition, data warehousing, aggregration and visualization, sample management optimization, global program management, custom planel solutions, reporting solutions and mobile solutions. Subject services and solutions to Internet Retailers and Brands includes Price Intelligence and Optimization, Assortment Intelligence, Product Content Solutions and Channel monitoring solutions.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

Banker Name

HDFC Bank Limited

Branch Address

HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013,Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loans from banks

2.430

0.135

Term loans from others

0.000

3.158

Total

2.430

3.293

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

Tower 3, 27th-32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AABFD7919A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :
  • Ugam Solutions EZ Private Limited
  • Ugam International Limited, UK

 

 

Enterprise in which Director of the Company has significant

Influence:
  • Stratbiz Consulting Private Limited
  • Pratapsinh Hansraj Mirani, HUF

 

 

CAPITAL STRUCTURE

 

AFTER 19.09.2014

 

Authorised Capital : Rs. 7.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 4.727 Million

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

700000

Equity Shares

Rs.10/- each

Rs. 7.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

468100

Equity Shares

Rs.10/- each

Rs. 4.681 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

4.681

4.664

4.652

(b) Reserves & Surplus

728.439

549.981

487.036

(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)

733.120

554.645

491.688

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.430

17.318

33.753

(b) Deferred tax liabilities (Net)

1.310

1.192

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

16.838

12.643

8.074

Total Non-current Liabilities (3)

20.578

31.153

41.827

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

85.427

77.784

73.430

(c) Other current liabilities

48.977

43.774

29.157

(d) Short-term provisions

3.363

1.825

1.557

Total Current Liabilities (4)

137.767

123.383

104.144

 

 

 

 

TOTAL

891.465

709.181

637.659

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

193.587

184.327

197.476

(ii) Intangible Assets

20.626

11.501

13.005

(iii) Capital work-in-progress

11.271

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

65.311

65.311

65.311

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

18.746

26.979

35.802

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

309.541

288.118

311.594

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

226.642

172.005

103.561

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

226.668

146.053

81.710

(d) Cash and cash equivalents

32.383

40.733

60.232

(e) Short-term loans and advances

51.259

33.836

79.161

(f) Other current assets

44.972

28.436

1.401

Total Current Assets

581.924

421.063

326.065

 

 

 

 

TOTAL

891.465

709.181

637.659

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

1096.440

764.420

561.490

 

Other Income

14.700

13.650

12.460

 

TOTAL

1111.140

778.070

573.950

 

 

 

 

 

Less

EXPENSES

852.320

695.830

597.970

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

258.820

82.240

-24.020

 

 

 

 

 

Less

TAX

79.710

18.860

0.580

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

179.110

63.380

-24.600

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

476.060

413.110

438.150

 

 

 

 

 

 

APPROPRIATIONS

 

 

 

 

Proposed Dividend

0.560

0.370

0.370

 

Tax on Proposed Dividend

0.090

0.060

0.060

 

Balance Carried to the B/S

654.520

476.060

413.120

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

382.63

NA

NA

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

16.344

22.488

20.223

Cash generated from operations

NA

112.901

18.132

Net cash flows from (used in) operations

173.037

111.901

NA

Net cash flow from (used in) operating activities

NA

100.964

15.960

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

16.34

8.29

(4.38)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

31.76

12.77

(4.20)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.35

0.15

(0.05)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.03

0.07

0.11

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

4.22

3.41

3.13

 

 

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

4.652

4.664

4.681

Reserves & Surplus

487.036

549.981

728.439

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

491.688

554.645

733.120

 

 

 

 

long-term borrowings

33.753

17.318

2.430

Short term borrowings

0.000

0.000

0.000

Current maturities of long-term debts

20.223

22.488

16.344

Total borrowings

53.976

39.806

18.774

Debt/Equity ratio

0.110

0.072

0.026

 

 

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

561.490

764.420

1096.440

 

 

36.141

43.434

 

 

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

561.490

764.420

1096.440

Profit

(24.600)

63.380

179.110

 

(4.38%)

8.29%

16.34%

 

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

OPERATIONS:

 

The total income of the Company at Rs.1111.140 Million as at 31st March, 2014 has shown an increase of 43% as compared to Rs.778.070 Million in the previous year. The Net Profit after Tax for the year ended 31st March, 2014 at Rs.179.110 Million has increased significantly by 183% as compared to Rs.63.380 Million in the previous year.

 

Business outlook for the Company continues to be strong in the current year.

 

CORPORATE INFORMATION

 

Founded in the year 2000 Ugam is a leading provider of managed analytics services and solutions combining its proprietary big data platform with a global team of insights and analytics experts. Ugam offers a range of service offerings and solutions to global Market Research firms, Internet retailers and leading Brands.

 

Ugam's range of services and solutions to Global Market Research fims include research operations, technology infrastructure transition, data warehousing, aggregration and visualization, sample management optimization, global program management, custom planel solutions, reporting solutions and mobile solutions. Ugam's services and solutions to Internet Retailers and Brands includes Price Intelligence and Optimization, Assortment Intelligence, Product Content Solutions and Channel monitoring solutions.

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10200346

27/01/2010

93,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W
, MUMBAI, MAHARASHTRA - 400013, INDIA

A78693850

2

10102241

26/11/2011 *

185,270,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W
, MUMBAI, MAHARASHTRA - 400013, INDIA

B28001774

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

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.66.10

UK Pound

1

Rs.100.89

Euro

1

Rs.73.96

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

AMR

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.