|
|
|
MIRA INFORM REPORT
|
Report No. : |
504604 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRANSUNION CIBIL LIMITED |
|
|
|
|
Formerly Known
As : |
CREDIT INFORMATION BUREAU (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
One Indiabulls Centre, 19th Floor, Tower 2A and 3B, 841
Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013, Maharashtra |
|
Mobile No.: |
91-9819029347 [Ms. Jennifer Dmello] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128359 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 250.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2000PLC128359 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8003B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is a leading Credit Information Company: 1. Providing data and tools to help its customers manage their current and fresh risk exposures. 2. Driving financial inclusion, protection and literacy by enabling access to funds by all. CIBIL enables this by straddling the entire value-chain of risk decision making with its offering in four key domains of a) Content, b) Insights, c) Products and d) Solutions. CIBIL benefits both credit grantors and consumers by collecting, analyzing, and delivering information on credit histories of both consumer and commercial borrowers. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined 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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a credit information company and was incorporated in the year 2000. It is a subsidiary of “TransUnion (Mauritius) Limited.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 23.04.2018
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 DECLINED BY
|
Name : |
Ms. Jennifer Dmello |
|
Designation : |
Manager |
|
Contact No.: |
91-9819029347 |
|
Date : |
21.04.2018 |
[91-22-66384600] Number is ringing
LOCATIONS
|
Registered/ Corporate Office : |
One Indiabulls Centre, 19th Floor, Tower 2A and 3B, 841
Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013, Maharashtra,
India |
|
Tel. No.: |
91-22-61404300 |
|
Mobile No.: |
91-9819029347 [Ms. Jennifer Dmello] |
|
Fax No.: |
91-22-66384666 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Shanker Annaswamy |
|
Designation : |
Director |
|
Address : |
Villa No A-265,East Drive Prestige Zone, Whitefield Main Road, Whitefield, Bangalore - 560066, Karnataka, India |
|
Date of Birth/Age : |
01.08.1955 |
|
Qualification : |
Diploma
in Business Management Education, B.E Electronics and Communication |
|
Date of Appointment : |
04.03.2015 |
|
DIN No. : |
00449634 |
|
|
|
|
Name : |
Mrs. Madhumita Ganguli |
|
Designation : |
Director |
|
Address : |
R-302, Greater Kailash, Part-I, New Delhi - 110048, India |
|
Date of Appointment : |
04.06.2015 |
|
DIN No. : |
00676830 |
|
|
|
|
Name : |
Mr. Anand Swarup Pathak |
|
Designation : |
Director |
|
Address : |
A-17, Anand Niketan, New Delhi - 110021, India |
|
Date of Appointment : |
26.08.2014 |
|
DIN No. : |
01529308 |
|
|
|
|
Name : |
Mr. Vegulaparanan Kasi Viswanathan |
|
Designation : |
Director |
|
Address : |
F 01,1st Floor, Legacy Caldera, 56 SRT Road, Cunningham Cross Road, Bangalore - 560052, Karnataka, India |
|
Date of Appointment : |
04.03.2015 |
|
DIN No. : |
01782934 |
|
|
|
|
Name : |
Mr. Vishwanathan Mavila Nair |
|
Designation : |
Director |
|
Address : |
1902 A, Vivaria, Hindustan Mills Compound, Mahalaxmi, Satrasta, Mumbai - Maharashtra, India |
|
Date of Birth/Age : |
03.03.1952 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
02284165 |
|
|
|
|
Name : |
Teresa S. Mccafferty |
|
Designation : |
Director |
|
Address : |
Twm 33, Nathalal Parekh Marg, Mumbai-400001, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1955 |
|
Date of Appointment : |
31.05.2010 |
|
DIN No.: |
02301006 |
|
|
|
|
Name : |
Mr. Satish Kumar Pillai |
|
Designation : |
Managing Director |
|
Address : |
Flat No.602, Little Star, Ramkrishna Mission Road, Santacruz (West),
Mumbai - 400054, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1953 |
|
Qualification : |
Diploma in Sales & Marketing, MA, BA (Honors) |
|
Date of Appointment : |
09.07.2015 |
|
PAN No.: |
ACDPT9164D |
|
DIN No.: |
03511106 |
|
|
|
|
Name : |
Mr. David Martin Neenan |
|
Designation : |
Director |
|
Address : |
112 Oxford, Kenilworth, IL 60043, USA |
|
Date of Birth/Age : |
28.11.1965 |
|
Date of Appointment : |
19.11.2013 |
|
DIN No. : |
06731667 |
|
|
|
|
Name : |
Gary Scott Friedlander |
|
Designation : |
Director |
|
Address : |
141, Copperwood, Dr, Buffalo Grove Illinois 60089 Us |
|
Date of Birth/Age : |
11.02.1959 |
|
Date of Appointment : |
10.06.2014 |
|
DIN No. : |
06891045 |
|
|
|
|
Name : |
Mr. Mohit Kapoor |
|
Designation : |
Additional director |
|
Address : |
100 E Huron St Apt 4202, Illinois, Chicago, 60611, United States of
America |
|
Date of Appointment : |
20.11.2015 |
|
DIN No. : |
07333923 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Kumar Pillai |
|
Designation : |
Chie Executive Officer (KMP) |
|
Address : |
Flat No.602, Little Star, Ramkrishna Mission Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
|
Date of Birth/Age : |
14.05.1973 |
|
Qualification : |
Master’s Degree In Economics |
|
Date of Appointment : |
09.07.2015 |
|
PAN No.: |
ALMPP7959A |
|
|
|
|
Name : |
Mr. Vivek Aggarwal |
|
Designation : |
Chief Finance Officer (KMP) |
|
Address : |
C-43/804, Vasant Vihar, Pokhran Road 2, Thane (West), Thane - 400610, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1961 |
|
Qualification : |
B. Com(H), FCMA, FCA, MIMA, 3TP-AMP from IIM-A, and GMP from INSEAD |
|
Date of Appointment : |
10.06.2014 |
|
PAN No.: |
AABPA4881E |
|
|
|
|
Name : |
Ms. Poonam Sachin Nayak |
|
Designation : |
Company Secretary |
|
Address : |
A-4, Bhagwati Niketan, Telli Galli Cross Road, Andheri (East), Mumbai - 400069, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1986 |
|
Qualification : |
B. Com; Company Secretary, LLB |
|
Date of Appointment : |
15.12.2014 |
|
PAN No.: |
ASVPB0323L |
|
|
|
|
Name : |
Ms. Jennifer Dmello |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
TransUnion (Mauritius) Limited |
|
23024999 |
|
Aditya Birla Trustee Company Private Limited |
|
1000000 |
|
India Alternatives Private Equity Fund |
|
725000 |
|
India Infoline Finance Limited |
|
250000 |
|
TransUnion International Inc. |
|
01 |
|
|
|
|
|
Total |
|
25000000 |
AS ON: 19.07.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
92.10 |
|
Public/Other than promoters – Financial institutions |
7.90 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a leading Credit Information Company: 1. Providing data and tools to help its customers manage their current and fresh risk exposures. 2. Driving financial inclusion, protection and literacy by enabling access to funds by all. CIBIL enables this by straddling the entire value-chain of risk decision making with its offering in four key domains of a) Content, b) Insights, c) Products and d) Solutions. CIBIL benefits both credit grantors and consumers by collecting, analyzing, and delivering information on credit histories of both consumer and commercial borrowers. [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
||||
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|
||||
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Purchasing : |
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 |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
· State Bank of India Raheja Tower, Mumbai, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Tower 3, 27th, India Bulls Finance Centre, Elphistone Mill Compound, Senapati Bapat Marg, Elphistone (West), Mumbai – 400013, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Fellow Subsidiary company: |
TransUnion Software Services Private Limited
(w.e.f. 21.05.2014) |
|
|
|
|
Holding
company |
TransUnion (Mauritius) Limited, Mauritius |
|
|
|
|
Related
Parties : |
· TransUnion LLC · TransUnion International Inc. |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
250.000 |
250.000 |
250.000 |
|
(b) Reserves and Surplus |
3106.853 |
2313.515 |
1832.294 |
|
(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) |
3356.853 |
2563.515 |
2082.294 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
40.452 |
15.908 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
45.995 |
55.712 |
85.035 |
|
Total Non-current
Liabilities (3) |
86.447 |
71.620 |
85.035 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
200.768 |
200.750 |
141.080 |
|
(c) Other current
liabilities |
61.534 |
20.664 |
21.085 |
|
(d) Short-term
provisions |
282.483 |
311.055 |
322.451 |
|
Total Current
Liabilities (4) |
544.785 |
532.469 |
484.616 |
|
|
|
|
|
|
TOTAL |
3988.085 |
3167.604 |
2651.945 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
491.482 |
200.740 |
141.141 |
|
(ii)
Intangible Assets |
803.830 |
207.351 |
146.444 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
124.251 |
24.435 |
29.394 |
|
(b) Non-current Investments |
180.000 |
180.000 |
180.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
11.021 |
|
(d)
Long-term loans and advances |
231.177 |
106.659 |
148.544 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1830.740 |
719.185 |
656.544 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
369.499 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
778.552 |
455.587 |
326.203 |
|
(d) Cash and
bank balances |
1316.062 |
1437.115 |
1371.947 |
|
(e)
Short-term loans and advances |
50.118 |
170.048 |
283.316 |
|
(f) Other
current assets |
12.613 |
16.170 |
13.935 |
|
Total Current
Assets |
2157.345 |
2448.419 |
1995.401 |
|
|
|
|
|
|
TOTAL |
3988.085 |
3167.604 |
2651.945 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3181.669 |
2565.366 |
1985.194 |
|
|
Other Income |
158.351 |
173.258 |
161.972 |
|
|
TOTAL |
3340.020 |
2738.624 |
2147.166 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
524.040 |
377.118 |
336.923 |
|
|
CSR expenditure |
19.168 |
7.588 |
5.988 |
|
|
Other expenses |
955.216 |
810.242 |
649.807 |
|
|
TOTAL |
1498.424 |
1194.948 |
992.718 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1841.596 |
1543.676 |
1154.448 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.981 |
0.131 |
2.735 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1839.615 |
1543.545 |
1151.713 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
257.854 |
122.209 |
102.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1581.761 |
1421.336 |
1048.759 |
|
|
|
|
|
|
|
Less |
TAX |
545.610 |
488.024 |
348.825 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1036.151 |
933.312 |
699.934 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
538.598 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
538.598 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
41.45 |
37.33 |
28.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1475.493 |
1252.375 |
1004.049 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1002.144 |
807.865 |
610.285 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
89.32 |
64.82 |
59.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.09 |
5.63 |
6.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.30 |
3.57 |
3.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.14 |
0.17 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.16 |
0.21 |
0.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.42 |
0.17 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
929.63 |
11783.79 |
422.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
32.57 |
36.38 |
35.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
25.98 |
29.46 |
26.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.87 |
36.41 |
33.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.96 |
4.60 |
4.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.96 |
4.60 |
4.12 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.84 |
0.81 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.96 |
4.60 |
4.12 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
250.000 |
250.000 |
250.000 |
|
Reserves & Surplus |
1832.294 |
2313.515 |
3106.853 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2082.294 |
2563.515 |
3356.853 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
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 |
1985.194 |
2565.366 |
3181.669 |
|
|
|
29.225 |
24.024 |
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 |
1985.194 |
2565.366 |
3181.669 |
|
Profit/ (Loss) |
699.934 |
933.312 |
1036.151 |
|
|
35.26
% |
36.38
% |
32.57
% |
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 |
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A15020126 |
90367744 |
STATE BANK OF INDIA |
23/03/2006 |
- |
08/05/2007 |
13500000.0 |
RAHEJA TOWERMUMBAIMHIN |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Estimated
amount of contracts remaining to be executed on capital account and not
provided for |
95.457 |
24.744 |
CORPORATE INFORMATION
CIBIL
is a credit information company. It creates value for financial institutions by
providing objective data and tools to help them manage risk, and devise
appropriate lending. CIBIL benefits both credit grantors and consumers by collecting,
analyzing, and delivering information on credit histories of borrowers. It
provides its members with risk management tools on both consumer and commercial
borrowers
CIBIL is Indias leading credit information company (i) providing data and tools to help its customers manage their current and fresh risk exposures and (ii) driving financial inclusion, protection and literacy by enabling access to funds by all. CIBIL enables this by straddling the entire value-chain of risk decision making with its offering in four key domains of a) Content, b) Insights, c) Products and d) Solutions. CIBIL benefits both credit grantors and consumers by collecting, analyzing, and delivering information on credit histories of both consumer and commercial borrowers.
BUSINESS HIGHLIGHTS
The key highlights of the business for various functional areas are:
INFORMATION
TECHNOLOGY
· Defend Strategy: Throughput of portfolio review / batch file processing and hit rate – were improved through better search and match, while maintaining consistent response times. a. Consumer Business: Batch solution was scaled to handle 3x volumes vs last year. Hit rates were increased by fine tuning the search and match engine.
b. Commercial Business: The portfolio review solution was scaled 100x by building a batch platform - enabling products to position portfolio review for member banks aggressively. Hit rates were also increased, through operational cleansing and match tuning.
· Growth Strategy: As part of the “New Product Initiatives” and adjacencies the following were rolled out:
- Free Credit reports. b. MFI Bureau.
c. CMR Score for scoring of MSME customers
· Transformation to the Global Architecture: As part of the global integration, all applications were enabled in line with the global framework
II. INFORMATION
SECURITY
· Recertification Audit: TUCIBIL has been recertified for the new version of the standard ISO/IEC 27001:2013 through BSI India.
· Vendor Audits: Information security audits were conducted on key vendors. Findings were tracked to closure. Prospective vendors were also audited as a part of their evaluation.
· Control Effectiveness Measurement: Effectiveness of the applied controls as depicted in the ISO 27001 was measured every quarter through internal audits.
· Vulnerability Assessment and Penetration Tests (VAPT): VAPT for the entire network / servers / desktops is scheduled for regular scans and integrated with TU Corporate process. Gaps that were identified were immediately addressed. Scans were also conducted for all public facing servers and vulnerabilities were addressed
· Business Continuity and Resilience:
a. Seamless DR switch over capability was established for CPU2CPU and Web customers.
b. Evacuation drills were conducted regularly.
· Data Loss Prevention (DLP): Continuous monitoring of traffic from all end points was done and any policy violation flagged within Symantec DLP. All flagged events were reviewed and necessary action taken.
· Privileged Identity Management (PIM) Solution: A PIM solution from Iraje offering end to end logging of the activities performed by the Admins for all servers and network / security devices was in place.
· Security Information and Event Management (SIEM): 24 X 7 monitoring and Log correlation activities were done using HP ArcSight
· Bureau database monitoring: Regular monitoring of the activities of Commercial and Consumer Bureau Databases was done through IBM Guardium.
III. PRODUCTS
· CIBIL COMBO Report
CIBIL COMBO Report, a first of its kind universal report that enables microfinance institutions, banks and NBFCs to take informed and better credit decisions, was introduced. With robust search and match algorithm, the report provides a 360 degree view on the borrower, thereby optimizing the underwriting process - by delivering comprehensive information in a single report powered by our exhaustive bureau database
With the vintage of consumer bureau clubbed with microfinance database, the solution offers optimum insights not only on borrower trade lines but also on borrower demographics - whether new to credit or existing.
Credit Summary along with Alerts (regulatory, delinquency and group alerts) abridged on the cover page of the report enhances decisioning efficiency.
The solution envisages to bridge the gap between two segments of credit industry and give a single version of truth for each borrower in the country. It elevates the lenders confidence while walking the last mile towards unbanked population for financial inclusion.
· CIBIL MSME RANK (CMR) - Predict Default Probability for MSME borrowers
CIBIL MSME RANK (CMR) is a credit default predictor model for Micro, Small and Medium Enterprises (MSME). CMR is applicable to MSMEs with aggregate commercial borrowings between Rs. 10 Lakhs to Rs. 10 Crores. CMR being a rank-order, the riskiness of the MSME is denoted as CMR-1 to CMR-10, CMR-1 being the best rank and CMR-10 being the worst rank.
The CMR model, built on 5-years’ account history data, gives insights into the borrower entity’s behavior which helps in predicting risk and identify critical behavioral patterns for sound loan decision making.
· MSME Cluster Insights
TUCIBIL MSME Cluster Insights provides details on commercial credit lending specific to the MSME Clusters as defined by RBI. The design of MSME Cluster Insights is such that it provides a 360 degree view of the industry in India and the city the MSME Cluster belongs to. This report is intended to help a financial institution identify the growth opportunities and risk levels in the MSME Cluster by adopting a 4-C approach viz., Customer focus, Cost control, Cross sell and Contain risk.
· Credit Vision
Credit Vision provides a new way of aggregating data that gives businesses a better view of customer behavior since it shows behavior over time. It’s a powerful suite of solutions that takes risk analytics to the next level. As consumers change, so should our customer’s view of their risk. TUCIBIL’s CreditVision solutions provide a broader and deeper view of a consumer’s profile than ever before, incorporating the latest in bureau elements and several hundred premium algorithms that significantly enhance traditional risk scores and marketing models.
Credit Vision supports across the customer lifecycle, viz. -
Acquire - On-board customers with profitable terms & expectations.
Engage - Identify, understand, segment & connect with prospects.
Manage - Gain deeper understanding of credit behaviors and take appropriate actions.
Recover - Optimise operations to successfully investigate,
collect and reduce losses.
FIXED ASSETS:
· Computers
· Furniture and fixtures
· Electrical Installations
· Vehicles
· Mobile Phones
PRESS RELEASE:
MSME’S MOST ATTRACTIVE SEGMENT IN COMMERCIAL CREDIT WITH FASTEST
GROWTH, LOW NPAS: REPORT
12.03.2018
NEW DELHI: SIDBI in association with TransUnion CIBIL launched "MSME Pulse", a quarterly report on MSME credit activity, for closely tracking and monitoring the MSME segment in the country. The report is based on a study done on over five million active MSMEs who have access to formal credit, with live credit facilities in the Indian banking system.
Micro, Small and Medium Enterprises (MSME) sector is the most vibrant and dynamic sector promising high growth potential for the Indian economy. There are close to 51 million MSME units in the country that employ about 117 million people across various sectors, constituting 40% of the workforce. The MSME share to the total Gross Domestic Product (GDP) is about 37% and they also contribute to 43% of exports based on the data maintained by Ministry of Commerce. In view of the critical nature of this segment, careful monitoring of the health of MSME portfolios regularly and frequently is vital for tracking the efficacy of policy, banking and business decisions while ensuring timely intervention for controlling potential losses.
The key findings of the study reveal that while the overall NPA rate remained range bound from 8% to 11% in the MSME segment during the last 2 years, the NPA rate of large corporates has increased significantly from 7.9% to 16.9% during the same period. Further, there has been a significant increase in the new borrowers entering the formal credit sector which has accelerated from ~2.7 lakhs for the six-month period of Jan to Jun 2016 to ~4 lakhs in Jul to Dec 2017, indicating fresh investments being made. The report, while giving an insight on the prominent MSME sectors for the lending institutions from a risk and profitability perspective, also presents the effects of dual economic disruptions of demonetisation and GST along with the impact of relief measures announced by RBI for MSMEs registered under GST.
Speaking at the launch, N S Vishwanathan, Deputy Governor, Reserve Bank of India said, "Comprehensible information is the need of the hour. The MSME sector accounts for 31% of the GDP, providing employment to over 111 million people. Bringing every element of this sector to the formal fold, as such, is imperative. This is where well-analysed data plays an important and significant role. The MSME Pulse report will help in providing fresh insights about the sector. The joint effort by SIDBI and TransUnion CIBIL is commendable and will bring the MSME sector into the formal fold in a big way."
Mohammad Mustafa, Chairman and Managing Director, SIDBI in his address said "Information is key to decision making and if it is available at the right time, meaningful engagements and interventions can be made. SIDBI firmly believes that economic tools are very meaningful and offer independent outside assessment hence crucial for supporting policy decisions. With the launch of MSME Pulse, SIDBI and TransUnion CIBIL aim to provide the credit industry with trends and insights for making information oriented business decisions." While highlighting the present state of formal lending to this segment, he further added that "The MSME sector remains significantly under-penetrated on the organised lending front. Out of the 51 Million MSME units, only 5 Million units have access to formal credit. Digital push coupled with GST implementation will push the MSMEs towards higher formalization and hence credit coverage."
Satish Pillai, Managing Director and CEO, TransUnion CIBIL emphasised that "MSME segment, if targeted and serviced appropriately, can grow to have substantial share of Indian bank's commercial balance sheets and profits in the next 3-4 years. A triumvirate of stable risk, high growth and credit spreads along with progressive regulatory support will prove catalyst for sustainable growth. This study will help provide deeper understanding of qualitative and quantitative aspects of MSME lending, across various sub-segments and categories of lenders."
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 records 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 66.02 |
|
UK Pound |
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
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 |
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.