MIRA
INFORM REPORT
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Report Date : |
03.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
TRIMBLE
NAVIGATION INDIA PRIVATE LIMITED |
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Registered Office : |
A-17,
Hauz Khas, New Delhi – 110 016, India. |
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Country : |
India |
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Date of Incorporation : |
13.06.2005 |
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Com. Reg. No.: |
55-137527 |
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CIN No.: [Company
Identification No.] |
U64202DL2005PTC137527 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKT02139E |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To sell and distribute, without limitation, to wholesalers, distributors, industrial, commercial and institutional customers, business houses and government bodies/ agencies in India and the region, advanced positioning products, services and solutions of the company that utilize a variety of technologies such as Global Positioning System (GPS), laser, optical, inertial and radio and cellular communications and that include, without limitation, earthmoving equipment guidance systems, surveying instruments, construction instruments, field data collection, mapping and geographic information systems, farm equipment guidance systems, asset management systems, components for in vehicle navigation and telematics systems, timing modules, 3D scanning systems, and associated software, hardware and services, for use in engineering and construction, surveying, scientific endeavors, mapping and geographic information systems, agriculture, mobile resource management or any other field or business where appropriate use of the products and services may be made; to provide for the support and maintenance of the company’s products and technology, to carry on all or any of the business of consultants, designers, installers, maintainers, importers, exporters, hirers, agents for and dealer in the foregoing or other equipment and machinery; to carry on, undertake, organize and provide facilities for scientific and technical research and to undertake experimental work with prototypes, instruments, appliances, apparatus, metals, materials and devices; to develop new processes and materials and to obtain rights of development, manufacture and sale in respect thereof; to carry on the business of manufacturing of the forgoing and other machinery, tools, implements, materials and things. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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Maximum Credit Limit : |
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Status : |
New Company
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and has yet to establish track. Directors are reported as
experienced, respectable and resourceful businessmen. The
company can be considered for small to moderate business dealings on safe and
secured trade terms and conditions, initially. |
LOCATIONS
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Registered Office : |
A-17,
Hauz Khas, New Delhi – 110 016, India. |
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Corporate Office: |
M G
Road, SF-04, JMD Regent Plaza, Gurgaon – 122 001, Haryana, India. |
DIRECTORS
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Name : |
Mr.
Anoop Narayanan |
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Designation : |
Director
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Address : |
123,
Sea Lord, “A” Wing, Cuffe Parade,
Colaba, Mumbai – 400 005, Maharashtra, India. |
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Date of Appointment : |
13.06.2005 |
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Name : |
Mr.
Ahmad Hirani |
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Designation : |
Director
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Address : |
Flat
No. Q-1, Palm Springs, 17th Floor, Cuffe Parade, Colaba, Mumbai –
400 005, Maharashtra, India. |
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Date of Appointment : |
13.06.2005 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr.
Anoop Narayanan |
9990 |
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Mr.
Ahmad Hirani |
10 |
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Total: |
10000 |
BUSINESS DETAILS
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Line of Business : |
To sell and distribute, without limitation, to wholesalers, distributors, industrial, commercial and institutional customers, business houses and government bodies/ agencies in India and the region, advanced positioning products, services and solutions of the company that utilize a variety of technologies such as Global Positioning System (GPS), laser, optical, inertial and radio and cellular communications and that include, without limitation, earthmoving equipment guidance systems, surveying instruments, construction instruments, field data collection, mapping and geographic information systems, farm equipment guidance systems, asset management systems, components for in vehicle navigation and telematics systems, timing modules, 3D scanning systems, and associated software, hardware and services, for use in engineering and construction, surveying, scientific endeavors, mapping and geographic information systems, agriculture, mobile resource management or any other field or business where appropriate use of the products and services may be made; to provide for the support and maintenance of the company’s products and technology, to carry on all or any of the business of consultants, designers, installers, maintainers, importers, exporters, hirers, agents for and dealer in the foregoing or other equipment and machinery; to carry on, undertake, organize and provide facilities for scientific and technical research and to undertake experimental work with prototypes, instruments, appliances, apparatus, metals, materials and devices; to develop new processes and materials and to obtain rights of development, manufacture and sale in respect thereof; to carry on the business of manufacturing of the forgoing and other machinery, tools, implements, materials and things. |
GENERAL
INFORMATION
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Bankers : |
Not
Divulged |
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Facilities : |
-- |
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Banking Relations : |
Unknown
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CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 10/- each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 10/- each |
Rs. 1.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
financials are available as it is a new company.
LOCAL AGENCY
FURTHER INFORMATION
Trimble
Opens India Office:
24.05.2006
– Trimble is strengthening its local commitment by opening an office in India
to better meet the needs of the region. Trimble Navigation India Private
Limited, located in Gurgaon, will be the primary base for sales and support of
all survey and construction as well as mapping and GIS solutions for the
country.
The
opening of the gurgaon office is an important extension of their presence in
India and the Asia Pacific Region, said Christian Knoll, Trimble’s Engineering
& Construction Regional Sales manager for India. They see this as an
opportunity to better service their customers to assist in the modernisation
drive taking place. He new India office follows the opening of Trimble’s
location in Shanghai, China.
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs. 44.84 |
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UK
Pound |
1 |
Rs. 85.24 |
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Euro |
1 |
Rs. 56.99 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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14 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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