|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494636 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
DBS BANK LIMITED [w. e. f. 21.07.2003] |
|
|
|
|
Formerly Known
As : |
THE DEVELOPMENT BANK OF SINGAPORE LIMITED |
|
|
|
|
Indian
Representative Office : |
3rd Floor Fort House, 221 Dr. D.N. Road, Fort, Mumbai -
400001, Maharashtra |
|
Tel. No.: |
91-20-66218888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.03.1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 32113.534 Million |
|
|
|
|
FCRN No.: |
F02064 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Foreign Registered Bank |
|
|
|
|
Line of Business
: |
Subject undertakes Activities of Retail Banking, Corporate / Wholesale
Banking and Funding Management Unit. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 130000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
DBS Bank Limited is a Singaporean multinational banking and financial
services company, started in the year 1995 and is owned by DBS Group Holdings
Limited (DBS Group). DBS Bank is the largest bank in Singapore. It is having
good track record. For the financial year ended 2017, the bank has witnessed a growth in
its revenue and has achieved profit margin at 0.49% (approximately). The rating reflects DBS Bank’s leading position in Singapore along
with management’s proven track record. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular and as per commitments. In view of the aforesaid, the bank can be considered for business
dealings at 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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
|
Rating Agency Name |
CRISIL |
|
Rating |
INR 15000.000 Million Certificates of Deposit Programme = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
31.10.2017 |
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
31-03-2016.
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 28.02.2018
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.: 91-80-66328888]
LOCATIONS
|
Registered Office : |
12, Marina Boulevard, Marina Bay Financial Centre, Tower 3, Singapore
018982 |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Indian
Representative Office/ Mumbai Branch : |
3rd Floor, Fort House,
221 Dr. D.N. Road, Fort, Mumbai - 400001, Maharashtra, India |
|
Tel. No.: |
91-22-66218888/ 66388888 |
|
Fax No.: |
91-22-66388898 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Ground Floor, Express Towers Nariman Point Mumbai – 400021, Maharashtra, India |
|
|
|
|
Bangalore Branch: |
3, Salarpuria Windsor, Ulsoor Road Bangalore – 560042, Karnataka, India |
|
Tel. No.: |
91-80-66328888 |
|
Fax No.: |
91-80-66328899 |
|
|
|
|
Chennai Branch: |
806, Anna Salai Chennai – 600002, Tamilnadu, India |
|
Tel. No.: |
91-44-6656 8888 |
|
Fax No.: |
91-44-6656 8899 |
|
|
|
|
Cuddalore Branch: |
No. 1, Anugraha Satellite Township Periyakattupalayam, East Coast Road Cuddalore District- 605007, Tamilnadu, India |
|
Tel. No.: |
91-41-4230 5100 |
|
|
|
|
Surat Branch: |
2nd Floor, Shree Ambica Auto Plot No. 10 GIDC - Bhatpore, Hazira Surat 394510, Gujarat, India |
|
Tel. No.: |
91-261-6675400 |
|
Fax No.: |
91-261-6675454 |
|
|
|
|
Salem Branch: |
24, Yercaud Road Opposite Modern Theaters, Kannakurichi, Po Salem- 636008, Gujarat, India |
|
Tel. No.: |
91-427-6641 300 |
|
Fax No.: |
91-427-6641 396 |
|
|
|
|
Kolhapur Branch: |
Amit Plaza 199/4, 1st floor, Gandhinagar Main Road, Kolhapur- 416119, Maharashtra, India |
|
Tel. No.: |
91-23-1305 0100 |
|
|
|
|
Kolkata Branch: |
4A, Little Russel Street, Kolkata -700071, West Bengal, India |
|
Tel. No.: |
91-33-66218888 |
|
Fax No.: |
91-33-66218899 |
|
|
|
|
Moradabad Branch: |
8th K.M.Mile Stone Naya Moradabad, Delhi Road Moradabad - 244001 Uttar Pradesh, India |
|
Tel. No.: |
91-591-64500 01/02 |
|
|
|
|
Nasik Branch : |
41/A, Jolly Plaza Howson Road, Deolali Camp Nashik - 422401 Maharashtra, India |
|
Tel. No.: |
91-253-6632 100 |
|
|
|
|
New Delhi Branch: |
Capitol Point, Baba Kharak Singh Marg, Connaught Place, New Delhi -110001, India |
|
Tel. No.: |
91-11-3041 8888 |
|
Fax No.: |
91-11-3041 8899 |
|
|
|
|
Pune Branch : |
Fortune House, Plot No. 363/2, Gokhale Road, Model Colony, Shivaji Nagar Pune -411016, Maharashtra, India |
|
Tel. No.: |
91-20-6621 8888 |
|
Fax No.: |
91-20-6608 0919 |
KEY EXECUTIVES
|
Group Executive
Committee: |
|
|
Name : |
Mr. Piyush Gupta |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Chng Sok Hui |
|
Designation : |
Chief Finance Officer |
|
|
|
|
Name : |
Mr. David Gledhill |
|
Designation : |
Group Technology & Operations |
|
|
|
|
Name : |
Mr. Sim S Lim |
|
Designation : |
DBS Singapore |
|
|
|
|
Name : |
Mr. Andrew Ng |
|
Designation : |
Treasury & Markets |
|
|
|
|
Name : |
Mr. Sebastian Paredes |
|
Designation : |
DBS Hong Kong |
|
|
|
|
Name : |
Mr. Elbert Pattijn |
|
Designation : |
Chief Risk Officer |
|
|
|
|
Name : |
Tan Su Shan |
|
Designation : |
Consumer Banking/ Wealth Management |
|
|
|
|
Name : |
Jeanette Wong |
|
Designation : |
Institutional Banking |
|
|
|
|
Group Management
Committee: |
|
|
Name : |
Eng-Kwok Seat Moey |
|
Designation : |
Capital Markets |
|
|
|
|
Name : |
Mr. Neil Ge |
|
Designation : |
China DBS |
|
|
|
|
Name : |
Mr. Jerry Chen |
|
Designation : |
DBS Taiwan |
|
|
|
|
Name : |
Lam Chee Kin |
|
Designation : |
Group Compliance |
|
|
|
|
Name : |
Lee Yan Hong |
|
Designation : |
Group Human Resources |
|
|
|
|
Name : |
Mr. Jimmy Ng |
|
Designation : |
Group Audit |
|
|
|
|
Name : |
Karen Ngui |
|
Designation : |
Group Strategic Marketing & Communications |
|
|
|
|
Name : |
Mr. Shee Tse Koon |
|
Designation : |
Group Strategy and Planning |
|
|
|
|
Name : |
Mr. Surojit Shome |
|
Designation : |
DBS India, |
|
|
|
|
Name : |
Mr. Paulus Sutisna |
|
Designation : |
DBS Indonesia |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Subject undertakes Activities of Retail Banking, Corporate / Wholesale
Banking and Funding Management Unit. (Registered Activity) |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name: |
Deloitte Haskins and Sells Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
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|
Ultimate Parent Company : |
|
|
|
|
|
Parent Company: |
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|
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|
Branches of Parent / Subsidiary of Parent : |
|
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|
Entity Over Which the Bank Exercises Control : |
|
CAPITAL STRUCTURE
As on 31.03.2017
|
Particulars |
INR in Million |
|
Amount of deposit kept with the RBI under Section 11(2)(b)
of the Banking Regulation Act, 1949 (Face Value) |
5510.000 |
|
|
|
|
Opening Balance |
32113.534 |
|
|
|
|
Total |
32113.534 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Capital |
32113.534 |
32113.534 |
25438.861 |
|
Reserve and Surplus |
14051.501 |
12061.730 |
11976.132 |
|
Deposits |
269909.652 |
234275.293 |
173949.565 |
|
Borrowings |
57815.001 |
115363.613 |
99826.805 |
|
Other Liabilities and Provisions |
71530.887 |
44640.072 |
48007.597 |
|
TOTAL |
445420.575 |
438454.242 |
359198.960 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balances with Reserve Bank of |
19882.499 |
9927.571 |
7524.693 |
|
Balances with Banks and money at call and short notice |
26962.433 |
41082.246 |
1223.788 |
|
Investments |
102481.286 |
155839.572 |
135165.586 |
|
Advances |
218382.258 |
176530.995 |
158286.959 |
|
Fixed Assets |
580.580 |
740.446 |
529.078 |
|
Other Assets |
77131.519 |
54333.412 |
56468.856 |
|
TOTAL |
445420.575 |
438454.242 |
359198.960 |
|
|
|
|
|
|
Contingent Liabilities |
3881912.201 |
3710021.248 |
5341728.113 |
|
Bills for collection |
87712.584 |
67950.971 |
57476.634 |
PROFIT
& LOSS ACCOUNT
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
INCOME |
|
|
|
|
Interest earned |
25779.291 |
20918.759 |
23327.168 |
|
Other Income |
6226.691 |
2800.086 |
2266.879 |
|
TOTAL |
32005.982 |
23718.845 |
25594.047 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
Interest expended |
18533.812 |
13390.135 |
15288.130 |
|
Operating Expenses |
8250.060 |
6026.943 |
6012.515 |
|
Provision and contingencies |
5094.116 |
4216.169 |
7039.797 |
|
TOTAL |
31877.988 |
23633.247 |
28340.442 |
|
|
|
|
|
|
Net profit for the year |
127.944 |
85.598 |
(2746.395) |
|
Profit brought forward |
(2680.450) |
(2745.416) |
1696.473 |
|
TOTAL |
(2552.456) |
(2659.818) |
(1049.922) |
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
Less: |
|
|
|
|
Transfer to Statutory Reserve |
31.998 |
21.400 |
0.000 |
|
Appropriation to Investment Reserve Account |
(176.906) |
(76.800) |
95.494 |
|
Capital Retained in India for CRAR Purpose |
0.000 |
0.000 |
1600.000 |
|
Balance Carried Over to Balance Sheet |
(2407.548) |
(2680.450) |
(2745.416) |
|
TOTAL |
(2552.456) |
(2659.818) |
(1049.922) |
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
41047.976 |
13903.507 |
32189.807 |
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 |
25438.861 |
32113.534 |
32113.534 |
|
Reserves & Surplus |
11976.132 |
12061.730 |
14051.501 |
|
Net
worth |
37414.993 |
44175.264 |
46165.035 |
|
|
|
|
|
|
Borrowings |
99826.805 |
115363.613 |
57815.001 |
|
Total
borrowings |
99826.805 |
115363.613 |
57815.001 |
|
Debt/Equity
ratio |
2.668 |
2.611 |
1.252 |
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
|
23327.168 |
20918.759 |
25779.291 |
|
|
|
(10.324) |
23.235 |
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
|
23327.168 |
20918.759 |
25779.291 |
|
Profit |
(2746.395) |
85.598 |
127.994 |
|
|
(11.77%) |
0.41% |
0.50% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
(INR in Million)
|
Particulars |
|
|
Balance sheet under regulatory scope of consolidation |
|
|
|
|
|
|
|
|
|
|
|
|
32113.530 |
|
Reserves & Surplus |
|
|
14051.510 |
|
Minority Interest |
|
|
0.000 |
|
Total Capital |
|
|
4616.504 |
|
|
|
2690.965 |
|
of which : Deposits from banks |
|
|
3160.841 |
|
of which : Customer deposits |
|
|
23632.796 |
|
of which : Other deposits (CD’s) |
|
|
197.328 |
|
|
|
5781.500 |
|
of which : From RBI |
|
|
0.000 |
|
of which : From banks |
|
|
2732.313 |
|
of which : From other institutions & agencies |
|
|
1363.087 |
|
of which : Others (pl. specify) |
|
|
0.000 |
|
of which : Capital instruments |
|
|
1686.100 |
|
|
|
7153.089 |
|
Total |
|
|
44542.058 |
|
|
|
|
|
|
|
|
|
|
|
|
19882.500 |
|
Balance with banks and money at call and short notice |
|
|
26962.430 |
|
|
|
102481.290 |
|
of which : Government securities |
|
|
81138.240 |
|
of which : Other approved securities |
|
|
|
|
of which : Shares |
|
|
863.170 |
|
of which : Debentures & Bonds |
|
|
10934.100 |
|
of which : Subsidiaries / Joint Ventures / Associates |
|
|
0.000 |
|
of which : Others (Commercial Papers, Certificate of deposits, Security Receipts of Asset Reconstruction Companies) |
|
|
9545.780 |
|
|
|
218382.260 |
|
of which : Loans and advances to banks |
|
|
59014.300 |
|
of which : Loans and advances to customers |
|
|
159367.960 |
|
|
|
580.580 |
|
|
|
77131.520 |
|
of which : Goodwill and intangible assets |
|
|
0.000 |
|
of which : Deferred tax assets |
|
|
4755.390 |
|
|
|
0.000 |
|
|
|
0.000 |
|
Total Assets |
|
|
445420.580 |
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 |
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: NO CHARGES EXIST FOR THE
COMPANY
BACKGROUND
The accompanying financial statements for the year ended 31 March 2017 comprise the accounts of the India branches of DBS Bank Ltd. (‘the Bank’), which is incorporated in Singapore. The India branches of the Bank as at 31 March 2017 are located at Mumbai, New Delhi, Bengaluru, Chennai, Pune, Kolkata, Nashik, Surat, Salem, Moradabad, Kolhapur and Cuddalore.
CONTINGENT LIABILITIES
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
(i)Claims against the bank not acknowledged as debts |
279.010 |
59.053 |
|
(ii) Liability for partly – paid investments |
|
|
|
(iii) Liability on account of outstanding foreign exchange contracts |
1736784.244 |
1717673.827 |
|
(iv) Liability on account of outstanding Currency and Interest Rate Swap and Option contracts and Interest Rate Derivatives |
2071953.662 |
1929978.366 |
|
(v) Guarantees given on behalf of constituents |
42129.760 |
34033.153 |
|
– in India |
12605.009 |
17773.671 |
|
– outside India |
|
|
|
(vi) Acceptances, endorsements and other obligations |
17814.871 |
10497.812 |
|
(vii) Other items for which the Bank is contingently liable |
345.645 |
5.366 |
|
Total |
3881912.201 |
3710021.248 |
PRESS RELEASES:
DBS TO STOP FUNDING 'DIRTY-COAL' PROJECTS BY YEAR END
February 09, 2018
The DBS bank will stop financing 'dirty-coal' or low-grade coal projects by the end of this year, but continue to support ventures in emerging markets that uses higher-quality coal, a top bank official has said.
The Singapore-headquartered bank, which is rated among the largest in Asia, will also focus on funding renewable energy projects, Chief Executive Piyush Gupta said.
At a DBS financial results briefing yesterday, bank's he said that the bank will stop financing projects that burn low-grade coal, also known as "dirty coal", by the end of the year.
But, he was quick to assure that the DBS will continue to
lend to projects in emerging markets that burn "higher quality" coal,
at the same time start developing a portfolio of renewable energy projects to
shift the mix of its loans.
"In respect of coal, we start with one caveat: We have got to remember that the bulk of energy needs in our part of the world are from coal," he said.
Citing global energy reports on coal, according to which by 2040 it would still account for about 40 per cent of the power generation mix, he said, "It is important to understand that you can't turn this off."
"It's not that straightforward an outcome, for either society or the environment. So you've got to be thoughtful
about how we transition," Gupta was quoted as saying by the Straits Times.
DBS has still struck a few deals linked to burning such "low-grade" coal this year, and will not pull out of these loans due to pre-commitment.
A report, last month, by
Australian environmental advocacy group 'Market Forces' said Singapore banks
DBS, OCBC and UOB have financed 21 coal project deals since 2012 worth USD 2.29
billion.
Of these, more than half were for coal-fired power plants that are mostly in
Indonesia and Vietnam.
RBI UNLIKELY TO RAISE RATES: DBS
February 07, 2018
MUMBAI: Optimistic revenue projections and concerns over the inflationary impact of Budget FY19 are likely to weigh on sentiment for Indian government bonds. But the Reserve Bank of India is unlikely to raise rates in its monetary policy review on Wednesday, according to a report by DBS. It has also revised up our yield forecasts and think that the front end is attractive.
“Expect the Reserve Bank of India (RBI), at its next monetary policy review on 7 February, to factor in the projected fiscal slippage” said Radhika Rao, India economist at DBS. “The combination of fiscal challenges and rising oil prices makes the RBI’s policy path a tricky one this year”
Growth has largely bottomed out, it said. But India has yet to benefit from the synchronised pick-up in global demand. “In this light, we expect the monetary policy committee to turn hawkish, but not enough for the balance to tip towards a rate hike this week“ said Rao. While the modest cut in the fuel excise duties will help mitigate the pressure from higher oil prices, the RBI will closely watch the spill-over from the proposed minimum support prices (MSPs) into rural/farm wages and, by extension, demand conditions.
This will, however, be hard to quantify due to scant details. In the past, a sharp increase in MSPs has led to high food inflation and generalised price pressures. For now, the RBI will flag the projected fiscal slippage, higher oil, and MSPs as risks to future inflation, but not as factors that warrant an imminent tightening.
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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
YES |
|
--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.