|
|
|
MIRA INFORM REPORT
|
Report No. : |
504102 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AXIS
SECURITIES LIMITED (w.e.f. 07.12.2012) |
|
|
|
|
Formerly Known
As : |
AXIS
SECURITIES PRIVATE LIMITED (w.e.f. 23.10.2012) ENAM
SECURITIES DIRECT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Axis House, 8th Floor, Wadia
International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400025,
Maharashtra |
|
Tel. No.: |
91-22-24252525 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.07.2006 |
|
|
|
|
Com. Reg. No.: |
11-163204 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1445.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74992MH2006PLC163204 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCE6263F1ZQ |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE6263F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Business of the Company is divided into two segments: marketing of financial products and resources management (sales) and retail broking (online and offline mode). Resources management and marketing of financial products: Division is involved in the business of marketing of third party retail asset products including providing resource management services. Retail broking: The division is involved in providing retail broking services, distribution of IPO, mutual funds and portfolio management products. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Axis Securities Limited is a subsidiary of “Axis Bank Limited” and was incorporated in the year 2006.
|
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 |
ICRA |
|
Rating |
Commercial paper programme = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
28.09.2017 |
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
31-03-2018
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 17.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.:
91-22-24252525)
Tel. No.: 91-22-24252021 (Number is continuously
ringing)
LOCATIONS
|
Registered Office : |
Axis House, 8th Floor, Wadia International
Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400025, Maharashtra, India |
|
Tel. No.: |
91-22-24252525/ 24252021 / 42671500 |
|
Fax No.: |
91-22-42671519 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Unit No.2, Phoenix Market City, 15, L.B.S. Road, Near
Kamani Junction |
|
Tel. No.: |
91-22-42671500 / 6148080 |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr.
Anand Kumar Shaha |
|
Designation : |
Whole-time
Director |
|
Address : |
Flat No. 2102, 21st Floor, Ramona, Tower-3, Runwal Anthurium, L.B.S Marg, Mulund (West), Mumbai-400080, Maharahstra, India |
|
Date of Birth/Age : |
20.06.1966 |
|
Qualification : |
Bachelor’s Degree in Commerce, Chartered Accountant. |
|
Date of Appointment : |
10.02.2014 |
|
PAN No.: |
AOPPS4355D |
|
DIN No.: |
02421213 |
|
|
|
|
Name : |
Mr.
Arun Arjun Thukral |
|
Designation : |
Whole-time
Director |
|
Address : |
C/0, Flat No. 1002, 10th Floor, B Wing, Metropolis J.P.
Road, Opposite Gurudwara, Four Bunglaws, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
07.04.1963 |
|
Date of Appointment : |
20.10.2012 |
|
PAN No.: |
AAAPT7492H |
|
DIN No.: |
03043072 |
|
|
|
|
Name : |
Babu Rao Busi |
|
Designation : |
Director |
|
Address : |
16/63, MHB Colony, Reclamation Bandra (West), Mumbai -
400050, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1958 |
|
Qualification : |
Bachelor degree in Engineering and MBA – Indian Institute of Management, Ahmedabad. |
|
Date of Appointment |
07.04.2016 |
|
PAN No.: |
ACEPB1735F |
|
DIN No.: |
00425793 |
|
|
|
|
Name : |
Mr.
Rajiv Anand |
|
Designation : |
Director |
|
Address : |
D-1204/5/6,
Floor 12, Ashok Tower, 63-64, Dr. S.S. Rao Marg, Parel, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
03.01.1966 |
|
Qualification : |
Rank holding qualified Chartered Accountant and B. Com |
|
Date of Appointment : |
17.07.2014 |
|
PAN No.: |
AACPA2997A |
|
DIN No.: |
02541753 |
|
|
|
|
Name : |
Mr.
Ramesh Kumar Bammi |
|
Designation : |
Director |
|
Address : |
B-301,
Ashok Gardens, T.J. Road, Sewree, Mumbai – 400015, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1954 |
|
Qualification : |
Post Graduate in Economics and Certified Associate of the Indian Institute of Bankers |
|
Date of Appointment : |
20.10.2012 |
|
PAN No.: |
AFBPB2692F |
|
DIN No.: |
03411046 |
|
|
|
|
Name : |
Nithya
Easwaran |
|
Designation : |
Director |
|
Address : |
A-405,
Floor No.4, Ashok Garden, T-1, 180/188, T.J. Road, Sewree, Mumbai – 400015, Maharashtra,
India |
|
Date of Birth/Age : |
19.08.1973 |
|
Qualification : |
MBA from Indian Institute of Management, Lucknow and Bachelor of Engineering from VJTI, University of Mumbai |
|
Date of Appointment : |
09.03.2015 |
|
PAN No.: |
AAEPE0563C |
|
DIN No.: |
03605392 |
|
|
|
|
Name : |
Mr. Jagdeep Mallareddy |
|
Designation : |
Director |
|
Address : |
D 2205/06, Lake Lucernce, Phase III, Lake Homes, Powai,
Mumbai – 400072, Maharashtra,
India |
|
Date of Birth/Age : |
22.06.1971 |
|
Qualification : |
Management post graduate with specialization in Finance |
|
Date of Appointment : |
13.04.2016 |
|
PAN No.: |
AERPM4587K |
|
DIN No.: |
07492539 |
KEY EXECUTIVES
|
Name : |
Mr. Hemantkumar Patel |
|
Designation : |
Chief Financial Officer |
|
Address : |
Plot
No.542/D-4, Hindu Friends CHS Limited, Sector-5, Charkop, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1976 |
|
Qualification : |
Bachelor’s Degree in Commerce, Chartered Accountant. |
|
Date of Appointment : |
03.02.2015 |
|
PAN No.: |
AGOPP9611N |
|
|
|
|
Name : |
Lovelina Cecil Faroz |
|
Designation : |
Company Secretary |
|
Address : |
39/B, Cecilmary Chulna Village, P.O. Vasai Road, Mumbai –
401202, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1985 |
|
Date of Appointment : |
28.10.2015 |
|
PAN No.: |
AARPF3613K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Axis Bank Limited, India |
|
6 |
|
Axis Bank Limited, India |
|
144499934 |
|
Arun Arjun Thukral |
|
10 |
|
Modan Bijoy Saha |
|
10 |
|
Srinivasan Kuppusamy Varadarajan |
|
10 |
|
Rajesh Kumar Dahiya |
|
10 |
|
Rajiv Prajapatti Anand |
|
10 |
|
Jairam Ramamurthy Sridharan |
|
10 |
|
Total |
|
144500000 |
AS ON 02.06.2017
|
Equity Share Break
up |
Percentage |
|
Category |
|
|
Promoters - Banks |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Business of the Company is divided into two segments: marketing of financial products and resources management (sales) and retail broking (online and offline mode). Resources management and marketing of financial products: Division is involved in the business of marketing of third party retail asset products including providing resource management services. Retail broking: The division is involved in providing retail broking services, distribution of IPO, mutual funds and portfolio management products. [Registered
Activity] |
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Products / Services
: |
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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 denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding
Company : |
CIN No.: L65110GJ1993PLC020769 |
|
|
|
|
Associate Companies
: |
CIN No.: U51900MH2005PLC157853
CIN No.: U65921MH1995PLC212675 |
|
|
|
|
Fellow Subsidiary
company : |
CIN No.: U65991MH2009PLC189558 |
CAPITAL STRUCTURE
AS ON 02.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
INR 10/- each |
INR 1500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
144500000 |
Equity Shares |
INR 10/- each |
INR 1445.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1445.000 |
1445.000 |
1445.000 |
|
(b) Reserves and Surplus |
828.385 |
526.467 |
343.557 |
|
(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) |
2273.385 |
1971.467 |
1788.557 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
3.788 |
5.263 |
9.765 |
|
(d) long-term
provisions |
41.026 |
34.623 |
17.424 |
|
Total Non-current
Liabilities (3) |
44.814 |
39.886 |
27.189 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1211.677 |
390.730 |
456.088 |
|
(c) Other
current liabilities |
715.317 |
571.922 |
404.380 |
|
(d) Short-term
provisions |
238.642 |
183.719 |
148.074 |
|
Total Current
Liabilities (4) |
2165.636 |
1146.371 |
1008.542 |
|
|
|
|
|
|
TOTAL |
4483.835 |
3157.724 |
2824.288 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
289.694 |
227.046 |
131.079 |
|
(ii)
Intangible Assets |
54.583 |
34.429 |
40.326 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
21.878 |
21.280 |
17.138 |
|
(d)
Long-term loans and advances |
625.502 |
563.875 |
381.905 |
|
(e) Other
Non-current assets |
6.281 |
3.530 |
123.368 |
|
Total Non-Current
Assets |
997.938 |
850.160 |
693.816 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
15.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
1332.702 |
466.307 |
480.542 |
|
(d) Cash and
bank balances |
1561.512 |
1666.236 |
1557.854 |
|
(e)
Short-term loans and advances |
130.372 |
116.512 |
28.747 |
|
(f) Other
current assets |
461.311 |
58.509 |
48.329 |
|
Total
Current Assets |
3485.897 |
2307.564 |
2130.472 |
|
|
|
|
|
|
TOTAL |
4483.835 |
3157.724 |
2824.288 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7465.961 |
5505.521 |
4417.681 |
|
|
Other Income |
95.365 |
113.349 |
131.717 |
|
|
TOTAL |
7561.326 |
5618.870 |
4549.398 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
5951.488 |
4372.614 |
3239.249 |
|
|
CSR expenditure |
9.084 |
5.300 |
0.498 |
|
|
Other expenses |
709.318 |
605.192 |
572.698 |
|
|
TOTAL |
6669.890 |
4983.106 |
3812.445 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
891.436 |
635.764 |
736.953 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.075 |
5.571 |
4.738 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
886.361 |
630.193 |
732.215 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
99.993 |
81.509 |
62.946 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
786.368 |
548.684 |
669.269 |
|
|
|
|
|
|
|
Less |
TAX |
271.402 |
191.857 |
228.605 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
514.966 |
356.827 |
440.664 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
337.589 |
190.679 |
(33.245) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
51.500 |
36.000 |
0.000 |
|
|
Dividend |
177.013 |
144.500 |
180.625 |
|
|
Dividend Distribution Tax |
36.036 |
29.417 |
36.115 |
|
|
Total
|
264.549 |
209.917 |
216.740 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
588.006 |
337.589 |
190.679 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.56 |
2.47 |
3.05 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
594.356 |
706.589 |
622.859 |
|
Net cash flows from (used in) operating activities |
181.496 |
223.443 |
271.254 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
65.15 |
30.91 |
39.70 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.60 |
11.81 |
9.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.59 |
2.43 |
4.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.36 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.95 |
0.58 |
0.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.15 |
0.13 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
175.65 |
114.12 |
155.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
6.90 |
6.48 |
9.98 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.48 |
11.30 |
15.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.65 |
18.10 |
24.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.61 |
2.01 |
2.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.61 |
2.01 |
2.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.62 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.61 |
2.01 |
2.11 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1445.000 |
1445.000 |
1445.000 |
|
Reserves & Surplus |
343.557 |
526.467 |
828.385 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1788.557 |
1971.467 |
2273.385 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4417.681 |
5505.521 |
7465.961 |
|
|
|
24.625 |
35.609 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4417.681 |
5505.521 |
7465.961 |
|
Profit |
440.664 |
356.827 |
514.966 |
|
|
9.98% |
6.48% |
6.90% |
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 |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 office of the company has been
shifted from Axis House, Ground Floor, Wadia International Centre, Worli,
Mumbai-400025, Maharashtra, India to the
present address w.e.f. 23.01.2013.
NATURE OF OPERATIONS
AND BACKGROUND
The Company is public company domiciled in India. The principal activity of the Company is to carry on business of retail stock broking, providing resource management and marketing of third party financial products.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G44932341 |
100100434 |
INDUSIND BANK LTD. |
09/01/2017 |
- |
- |
750000000.0 |
2401, Gen Thimmayya Road, Cantonment, Pune-411001, Maharashtra, India |
|
2 |
G57012940 |
10503453 |
Axis Bank Limited |
09/06/2014 |
25/09/2017 |
- |
750000000.0 |
Fort Branch, Capital Market Div., Jeevan Prakash Building, Sir P.M. Road, Fort, Mumbai-400001, Maharashtra, India |
|
3 |
G57012627 |
100104434 |
Axis Bank Limited |
30/05/2017 |
01/07/2017 |
16/10/2017 |
250000000.0 |
Fort Branch, Capital Market Div., Jeevan Prakash Building, Sir P.M. Road, Fort, Mumbai-400001, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
35.004 |
37.962 |
|
Guarantee |
1050.000 |
590.000 |
|
Total |
1085.004 |
627.962 |
FIXED ASSETS:
Tangible Asset:
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records 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
|
INR |
|
US Dollar |
1 |
INR 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.