|
|
|
MIRA INFORM REPORT
|
Report No. : |
488644 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
FIS PAYMENT SOLUTIONS AND SERVICES INDIA PRIVATE LIMITED [W.E.F. 22.08.2008] |
|
|
|
|
Formerly Known
As : |
EFUNDS CORPORATION PAYMENTS SOLUTIONS AND SERVICES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-405 (LGF), Greater Kailash, Part II, New Delhi - 110048 |
|
Tel. No.: |
91-22-39804900 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
29.03.2005 |
|
|
|
|
Com. Reg. No.: |
55-134488 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 200.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL2005PTC134488 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AACCC5587F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The main business of the Company is providing banking and
payments technology as well as providing consulting and outsourcing solutions
to public and private sector banks and financial institutions in India. The
Company provides and manage banking and payments platform through a totally
outsourced delivery model, encompassing core banking, channel solutions,
treasury, trade finance and an entire suite of payments services that
includes ATM Managed Services, Switching, debit card management and interbank
network connectivity. [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a step down subsidiary of “FIS Global Business Solutions.” based in Florida, USA. It was incorporated in the year 2005 and engaged in business of processing transactions comprising of processing debit, credit or other transactions through networks or through other means. As per Registrar of Companies, the date of filling its financials is shown as 31.03.2017 but documents related to the FY 2017 are not available from any other sources. As per available financials of March 2016, the company has registered a growth of 5.83% in its revenue as compared to previous year’s revenue and has reported low profit margin of 0.20%. Rating takes into consideration the company’s established track record of business operations marked by healthy financial risk profile along with low solvency indicators and good liquidity position. Rating also takes into account the strong financial and managerial support received from its holding entity backed by its well experienced management team. Payments seem to be regular. In view of aforesaid, the company can be considered for good 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 08.02.2018.
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.: 91-22-39804900)
LOCATIONS
|
Registered Office : |
S-405 (LGF), Greater Kailash, Part II, New Delhi – 110048, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Hiranandani Building, 301 To 306, 3rd Floor, Fairmont, Hiranandani Business
Park, Powai, Mumbai – 400076, Maharashtra, India |
|
Tel No.: |
91-22-39804900 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ramaswamy Venkatachalam |
|
Designation : |
Director |
|
Address : |
247, Akhila, 18th C Main Road, 6th Block Koramangala, Bangalore – 560095, Karnataka, India |
|
Date of Birth/Age : |
12.06.1972 |
|
Date of Appointment : |
24.09.2015 |
|
DIN No.: |
06888589 |
|
PAN No.: |
ABYPV4112D |
|
|
|
|
Name : |
Mr. Mahesh Ramamoorthy |
|
Designation : |
Director |
|
Address : |
1, C-131, Kalpataru Estate Jogeshwari Vikhroli Link Road, Andheri ( East), Mumbai – 400093, Maharashtra, India |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
07783353 |
KEY EXECUTIVES
|
Name : |
Mrs. Radhika Rajagopal |
|
Designation : |
Company Secretary |
|
Address : |
B-203, Blacksmith Tower-01, Sector-06, Airoli, Navi Mumbai – 400708, |
|
Date of Birth/Age : |
23.12.1976 |
|
Date of Appointment : |
31.03.2015 |
|
PAN No.: |
ALSPR3781J |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
FIS Global Business Solutions India Private limited, India |
|
19999999 |
|
FIS Global Recovery Services India Private Limited |
|
1 |
|
Total |
|
20000000 |
AS ON 25.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Others] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main business of the Company is providing banking and
payments technology as well as providing consulting and outsourcing solutions
to public and private sector banks and financial institutions in India. The
Company provides and manage banking and payments platform through a totally
outsourced delivery model, encompassing core banking, channel solutions,
treasury, trade finance and an entire suite of payments services that
includes ATM Managed Services, Switching, debit card management and interbank
network connectivity. [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
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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 : |
B S R And Company LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi, Marg, Mahalakshmi, Mumbai, Maharashtra, India |
|
PAN No.: |
AAALB1234E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
FIS Global Business Solutions India Private Limited, India [CIN NO.: U72900DL1997PTC088532] |
|
|
|
|
Ultimate Holding Company: [As On 31.03.2016] |
Fidelity National Information Services, Inc, United States |
|
|
|
|
Fellow Subsidiary Company: [As On 31.03.2016] |
[CIN NO.: U72200DL2002PTC114964]
|
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
[12 Months] |
[15 Months] |
[12 Months] |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
200.000 |
200.000 |
|
(b) Reserves &
Surplus |
838.847 |
824.426 |
778.240 |
|
(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) |
1038.847 |
1024.426 |
978.240 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6306.458 |
4554.708 |
2663.108 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
267.279 |
180.024 |
118.173 |
|
(d) long-term provisions |
45.445 |
35.324 |
21.730 |
|
Total Non-current
Liabilities (3) |
6619.182 |
4770.056 |
2803.011 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2186.781 |
2203.057 |
1069.973 |
|
(c) Other current
liabilities |
122.419 |
576.390 |
173.572 |
|
(d) Short-term provisions |
33.346 |
26.417 |
25.074 |
|
Total Current Liabilities
(4) |
2342.546 |
2805.864 |
1268.619 |
|
|
|
|
|
|
TOTAL |
10000.575 |
8600.346 |
5049.870 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4363.926 |
4490.483 |
2647.574 |
|
(ii) Intangible Assets |
525.406 |
256.908 |
112.630 |
|
(iii) Capital
work-in-progress |
0.000 |
152.263 |
5.160 |
|
(iv) Intangible assets
under development |
0.000 |
92.076 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
117.267 |
135.688 |
82.601 |
|
(d) Long-term Loan and Advances |
1224.519 |
711.771 |
400.190 |
|
(e) Other Non-current
assets |
0.000 |
240.795 |
91.461 |
|
Total Non-Current Assets |
6231.118 |
6079.984 |
3339.616 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
41.603 |
39.045 |
2.752 |
|
(c) Trade receivables |
2053.784 |
1032.364 |
690.809 |
|
(d) Cash and cash
equivalents |
794.586 |
527.668 |
366.744 |
|
(e) Short-term loans and
advances |
372.076 |
364.647 |
217.382 |
|
(f) Other current assets |
507.408 |
556.638 |
432.567 |
|
Total Current Assets |
3769.457 |
2520.362 |
1710.254 |
|
|
|
|
|
|
TOTAL |
10000.575 |
8600.346 |
5049.870 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
[12 Months] |
[15 Months] |
[12 Months] |
|
|
SALES |
|
|
|
|
|
Income |
7112.052 |
6720.270 |
3223.000 |
|
|
Other Income |
144.372 |
28.026 |
8.000 |
|
|
TOTAL |
7256.424 |
6748.296 |
3231.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
263.667 |
155.878 |
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Employees benefits
expense |
685.144 |
618.293 |
|
|
|
CSR Expenditure |
5.908 |
9.600 |
|
|
|
Other expenses |
4370.733 |
4419.024 |
2294.000 |
|
|
TOTAL |
5325.452 |
5202.795 |
2294.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1930.972 |
1545.501 |
937.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
631.124 |
455.246 |
30.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1299.848 |
1090.255 |
907.000 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1218.619 |
1032.677 |
515.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
81.229 |
57.578 |
392.000 |
|
|
|
|
|
|
|
Less |
TAX |
66.809 |
11.409 |
204.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
14.420 |
46.169 |
188.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.72 |
2.31 |
9.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
[12 Months] |
[15 Months] |
[12 Months] |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
8613.345 |
1372.171 |
(202.862) |
|
Net cash flows from (used in) operating activities |
336.530 |
1760.536 |
(469.953) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
|
|
|
Average Collection Days [Sundry Debtors / Income *
365] |
105.40 |
56.07 |
78.23 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
3.46 |
6.51 |
4.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
3027.21 |
5158.62 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
46.41 |
39.58 |
340.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.31 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.86 |
0.86 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
6.07 |
4.45 |
2.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.25 |
2.74 |
1.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
4.71 |
4.87 |
2.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.06 |
3.39 |
31.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.20 |
0.69 |
5.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.14 |
0.54 |
3.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.39 |
4.51 |
19.22 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2015 To 31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.61 |
0.90 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.59 |
0.88 |
1.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.12 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
31.53 |
22.77 |
13.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.61 |
0.90 |
1.35 |
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 |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
778.240 |
824.426 |
838.847 |
|
Net
worth |
978.240 |
1024.426 |
1038.847 |
|
|
|
|
|
|
Long Term borrowings |
2663.108 |
4554.708 |
6306.458 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2663.108 |
4554.708 |
6306.458 |
|
Debt/Equity
ratio |
2.722 |
4.446 |
6.071 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3223.000 |
6720.270 |
7112.052 |
|
|
|
108.510 |
5.830 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3223.000 |
6720.270 |
7112.052 |
|
Profit |
188.000 |
46.169 |
14.420 |
|
|
5.83% |
0.69% |
0.20% |
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 |
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 |
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 financial
years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three financial
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 |
STATE OF COMPANIES
AFFAIR
Status of the Affairs of the Company the Company provides and manage banking and payments platform through a totally outsourced delivery model, encompassing core banking, channel solutions, treasury, trade finance and an entire suite of payments services that includes ATM Managed Services, Switching, debit card management and interbank network connectivity. The main business of The Company is providing ATM management and other related services and also providing banking and payments technology solutions as well as consulting and outsourcing solutions to public and private sector banks and financial institutions in India. During the financial year under review, The Company has achieved revenue of INR 7112.000 million, the profit after tax being INR 14.000 million as against revenue of INR 6720.000 million and the profit after tax being INR 46.000 million earned during the previous year.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from
others |
6306.458 |
4554.708 |
|
Total |
6306.458 |
4554.708 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G47665617 |
100107603 |
BANK OF AMERICA NATIONAL ASSOCIATION |
21/11/2016 |
110000000.0 |
19TH FLOOR, EXPRESS TOWER 19TH FLOOR, EXPRESS TOWER, MUMBAI-400021, MAHARASHTRA, INDIA |
|
2 |
G46675591 |
100104958 |
BANK OF AMERICA NATIONAL ASSOCIATION |
25/10/2016 |
10000000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
3 |
G46424305 |
100104219 |
BANK OF AMERICA NATIONAL ASSOCIATION |
21/10/2016 |
1300000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
4 |
G46424636 |
100104220 |
BANK OF AMERICA NATIONAL ASSOCIATION |
21/10/2016 |
120000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
5 |
G47647904 |
100107554 |
BANK OF AMERICA NATIONAL ASSOCIATION |
20/10/2016 |
10000000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
6 |
G46417309 |
100104201 |
BANK OF AMERICA NATIONAL ASSOCIATION |
07/10/2016 |
500000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
7 |
G47655634 |
100107575 |
BANK OF AMERICA NATIONAL ASSOCIATION |
14/09/2016 |
120000000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
8 |
G45894243 |
100102806 |
BANK OF AMERICA NATIONAL ASSOCIATION |
01/09/2016 |
2500000.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
9 |
G13886544 |
100053331 |
BANK OF AMERICA NATIONAL ASSOCIATION |
12/07/2016 |
14964468.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
|
10 |
G13870464 |
100053316 |
BANK OF AMERICA NATIONAL ASSOCIATION |
27/06/2016 |
41412241.0 |
19TH FLOOR, EXPRESS TOWER NARIMAN POINT, MUMBAI -400021, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
- Plant and equipment
- Furniture and Fixture
- Computer Equipment’s
- Vehicles
- Office equipment
- Leasehold improvements
Intangible assets
- Goodwill
- 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 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 64.14 |
|
|
1 |
INR 79.43 |
|
Euro |
1 |
INR 89.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
GEET |
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.