MIRA
INFORM REPORT
|
Report Date : |
02.03.2007 |
IDENTIFICATION
DETAILS
|
Correct Name : |
BECHTEL INDIA
PRIVATE LIMITED |
|
|
|
|
Registered Office : |
418, Naurang
House, 21, Kasturba Gandhi Marg, Connaught Place, New Delhi – 110 001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
21.04.1994 |
|
|
|
|
Com. Reg. No.: |
55-58514 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1994PLC058514 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKB01681B / RTKB01512A |
|
|
|
|
Legal Form : |
It is a Private
Limited Liability company. The company is a 100% subsidiary of Bechtel
Corporation, U.S.A. |
|
|
|
|
Line of Business : |
Subject is engaged in the business of Engineering,
Procurement, Construction and Support Services to Diverse Projects and other
Bechtel Offices worldwide. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2250000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part
of Bechtel Corporation, USA. Available information indicates high financial responsibilities
of the subject. Trade relations are fair. Financial position is satisfactory.
Payments are usually correct and as per commitments. The company can
be considered good for any normal business dealings at usual trade terms and
conditions. It can be regarded as a
promising business partner in a medium to long run. |
LOCATIONS
|
Registered Office : |
418, Naurang
House, 21, Kasturba Gandhi Marg, Connaught Place, New Delhi – 110 001, India |
|
Tel. No.: |
91-11-23324889/25069552 |
|
Fax No.: |
91-124-2343110/ 2343505 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Commercial |
|
|
|
|
Corporate Office : |
249-A, Udyog
Vihar, Phase IV, Gurgaon – 122 015, Haryana, India |
|
Tel. No.: |
91-124-2343107/2343113/5098000 |
|
Fax No.: |
91-124-2343110/
2343505 |
|
|
|
|
Factory 1 : |
249-A, Udyog Vihar,
Phase IV, Gurgaon – 122 015, Haryana, India |
|
Tel. No.: |
91-124-2343107/2343113/5098000 |
|
Fax No.: |
91-124-2343110/
2343505 |
|
Location : |
Commercial |
|
|
|
|
Overseas Offices : |
Argentina Buenos Aires, Tucuman 326, piso 4, oficina 26 (C1049AAH) Buenos Aires, Argentina Tel. No. : 54 11 4315 8000 Fax No. : 54 11 4315 0081 Australia Brisbane, Level 10, 200 Mary St. Brisbane, Queens land, Australia Tel. No. : 61 7 3295 1400 Fax No. : 61 7 3295 1450 Brazil BechTelephone do Brasil Construções Ltda., Praia de Botafogo, 440, CEP 22250-040 – Botafogo, Rio de Janeiro – RJ, Brazil Tel. No. : 55 21 2579 2370 Fax No. : 55 21 2579 2413 Canada 1500 University Street, Suite 910 Montreal, Quebec, Canada H3A 3S7 Tel. No. : 514 871 1711 Fax No. : 514 871 1392
Chile Coyancura 2283, 12th Floor, Providencia, Santiago, CP 6650185, Chile Tel. No. : 56 2 675 1000 Fax No. : 56 2 232-5208 China Unit B, 6th Floor, Tower A, Gateway, 18 Xiaguangli, East 3rd Ring, North Road, Chaoyang District, Beijing 100027, People’s Republic of China Tel. No. : 86 10 8453 9998 Fax No. : 86 10 8453 8303 Shanghai Unit 1201-1209, Pidemco Tower, No. 318, Fuzhou Road, Shanghai 200001, People’s Republic of China Tel. No. : 86 21 3305 4567 Fax No. : 86 21 6391 2999
Hong Kong Suite 3712, 37/F The Center, 99 Queen's Road Central, Hong Kong Tel. No. : 852 2169 0960 Fax No.: 852 2840 1272 Egypt Plot No. 14 C / 4, Off El Leselki Street , New Maadi - Cairo, Egypt 11435 Tel. No. : 20 2 754 6763 / 6588 / 6773 Fax No. : 20 2 754 6804 / 6884 France Centre Bassano, 38 rue de Bassano 75008 Paris, France Tel. No. : 33 1 47-20-53-04 Fax no. : 33 1 47-20-55-06 Indonesia Menara Jamsostek, Gedung Utara, 12th floor, Jl. Jend. Gatot Subroto kav. 38, Jakarta 12930, Indonesia Tel. No. : 62 21 5291-6000 Fax No. : 62 21 5296-2278 Japan Fuji Building, Room 3102-3 Marunouchi, 3-Chrome, Chiyoda-Ku, Tokyo 100-0005, Japan Tel. No. : 81 3 3214-4481 Fax No. : 81 3 3214-2596 Korea Suite 1302, 13th Floor, Sam Koo Building, 70, Sokong-dong, Choong-gu, Seoul, 100-070, Korea Tel. No. : 82 2 318-2270 Fax No. : 82 2 318-2273 Malaysia Suite 16.2, 16th Floor, Menara Weld, 76, Jalan Raja Chulan 50200 Kuala Lumpur, Malaysia Tel. No. : 60 3 2078-2050 Fax No. : 60 3 2078-1950 Mexico Torre Esmeralda 1, Boulevard Manuel Ávila Camacho No. 40, Piso 15-8, Col. Lomas de Chapultepec, CP 11000 México D.F., México Tel. No. : 52 55 5201-3500 Fax No. : 52 55 5202-1785
Peru Sucursal del Perú, Martir Olaya 129, Of. 1905, Miraflores, Lima 18, Perú Tel. No. : 51 1 445-8746 / 446-4267 Fax No. : 51 1 446-1255
Philippines Manila, 12/F 6750 Ayala Avenue, 1226 Makati City, Philippines Tel. No. : 63 2 751-1000 Fax No. : 63 2 751-1005
Qatar P.O. Box 24117, Doha, Qatar Tel. No. : 974 485-8222 Fax No. : 974 485-8201
Russia Riverside Towers, Kosmodamianskaya NAB 52Bldg. 1A, Moscow 113054 Russia Tel. No. : 7 095 961-3020 Fax No. : 7 095 961-3015
Saudi Arabia Al Bustan Compound, P. O. Box 1840, Al Khobar 31952, Saudi Arabia Tel. No. : 966 3 882-5288 Fax No. : 966 3 882-5306 Riyadh P. O. Box 10488, Riyadh 11433, Saudi Arabia Tel. No. : 966 1 277-1884 Fax No. : 966 1 278-0607 Singapore BechTelephone Equipment Operations, 137 Telephoneok Ayer Street, Unit #05-06, Singapore 068602 Tel. No. : 65 6557-4570 Fax No. : 65 6557-4571
Taiwan 11th Floor, 325 Tun Hua South Road, Section 1, Taipei, 106, Taiwan Thailand 18th Floor, SCB Park Plaza, East Tower III, 19 Ratchadaphisek Road, Ladayao, Chatuchak, Bangkok, 10900 Thailand Tel. No. : 66 2 545-7000/7100 Fax No. : 66 2 545-7777
Turkey Alt Zeren Sokak, No: 15 1, Levent/Istanbul, Turkey Tel. No. : 90 212 278-2900 Fax No. : 90 212 278-2913
United Arab Emirates Suite 1501 - 15th Floor, H.E. Sh. Sultan Bin Surour Al Dhahiri Bldg. (Lulu Center Bldg.), P.O. Box 2661, Al Salam Street - Abu Dhabi Tel. No. : 971 2 699 8400 Fax No. : 971 2 676 0899
United Kingdom 245 Hammersmith Road, London, W6, 8DP, England Tel. No. : 44 208 846-5111 Fax No. : 44 208 846-6940 USA Corporate HQs 50 Beale Street, San Francisco, CA 94105-1895, USA Tel. No. : 1 415 768-1234 Fax No. : 1 415 768-9038 |
DIRECTORS
|
Name : |
Mr. Rajan Vrajlal
Parekh |
|
Designation : |
Managing Director
|
|
Address : |
2nd
Floor, 33 Paschimi Marg, Vasant Vihar, New Delhi – 110 057, India |
|
Date of Birth/Age : |
16.08.1947 |
|
Date of Appointment : |
03.10.2005 |
|
Other Directorship : |
Bechtel
Enterprises India Private Limited – Director |
|
|
|
|
Name : |
Mr. A S Narayan |
|
Designation : |
Alternate
Director |
|
Address : |
Block C – 4,
House No. 106, Plot No. GH 1 – A, Power Welfare organisation, Sector – 43,
Gurgaon – 122 002, Haryana, India |
|
Date of Birth/Age : |
24.12.1943 |
|
Date of Appointment : |
05.09.2005 |
|
|
|
|
Name : |
Mr. Phiroze
Nagarvala |
|
Designation : |
Director |
|
Address : |
Flat No. 294-D,
29th Floor, Tahnee Heights, Petil Hall Complex, 66, Nepeansea
Road, Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1941 |
|
Date of Appointment : |
28.09.1998 |
KEY EXECUTIVES
|
Name : |
Ms. Geeta Malhotra |
|
Designation : |
Company Secretary
|
|
Address : |
B – 1/ 1546,
Vasant Kunj, New Delhi – 110 070, India |
|
Date of
Birth/Age : |
25.01.1973 |
|
Date of
Appointment : |
02.06.2001 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Bechtel Corporation, U.S.A. |
21,683,859 |
99.99 |
|
American Bechtel Inc., U.S.A. |
1 |
0.01 |
|
Total |
21,683,860 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Engineering,
Procurement, Construction and Support Services to Diverse Projects and other
Bechtel Offices worldwide. |
|
|
|
|
Products : |
Engineering Procurement Construction Support Services |
GENERAL
INFORMATION
|
No. of Employees : |
Around 400 |
|
|
|
|
Bankers : |
ABN Amro Bank,
New Delhi – 110 001, India HSBC Bank American
Express |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
Lovelock &
Lewes Chartered
Accountants |
|
Address : |
P – 1, Aditya
Vihar, Saidulajab, Opposite, D – Block, Saket Mehrauli, Badarpur Road, New
Delhi – 110 030, India |
|
Tel. No.: |
91-11-41250000 |
|
|
|
|
Subsidiaries : |
Bechtel Limited American Bechtel Inc. Bechtel France, SAS Bechtel Overseas Corporation Bechtel Power Corporation Bechtel Australia Pty Limited Bechtel Demexico Inc. Global Supply Group Inc. Bechtel International Inc. Bechtel National Inc. Easton Bechtel Company Limited International Bechtel Company Limited Saudi Arabian Bechtel Company Bechtel China Inc. Bechtel Enterprises UK Limited Dabhol Generating Company Limited Bechtel Infrastructure Corporation Bechtel Enterprises India Private Limited Bechtel Enka, Holland Bechtel Australia Services Bechtel America Company Limited Bechtel Enterprises Inc. Overseas Bechtel Inc. Bechtel Chile Limited |
|
|
|
|
Ultimate Holding Company: |
Bechtel Group Inc. |
|
|
|
|
Holding Company : |
Bechtel
Corporation, U.S.A. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21683860 |
Equity Shares |
Rs. 10/- each |
Rs. 216.839 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
216.839 |
216.839 |
216.839 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
391.789 |
348.631 |
352.969 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
608.628 |
565.470 |
569.808 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
608.628 |
565.470 |
569.808 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
100.033 |
42.922 |
25.796 |
|
|
Capital work-in-progress |
8.658 |
8.009 |
0.206 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
19.657 |
24.642 |
31.743 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
369.235
|
292.093 |
232.042 |
|
|
Cash & Bank Balances |
124.365
|
163.127 |
265.532 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
174.109
|
151.625 |
99.231 |
|
Total
Current Assets |
667.709
|
606.845 |
596.805 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
139.690
|
70.973 |
37.770 |
|
|
Provisions |
47.739
|
45.975 |
46.972 |
|
Total
Current Liabilities |
187.429
|
116.948
|
84.742 |
|
|
Net Current Assets |
480.280
|
489.897 |
512.063 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
608.628 |
565.470 |
569.808 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Sales Turnover |
903.958 |
463.785 |
466.463 |
|
Other Income |
0.000 |
0.000 |
0.000 |
|
Total Income |
903.958 |
463.785 |
466.463 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
81.595 |
3.271 |
(7.220) |
|
Provision for Taxation |
38.437 |
7.609 |
4.943 |
|
Profit/(Loss) After Tax |
43.158 |
(4..338) |
(2.277) |
|
|
|
|
|
|
Total Export |
899.040 |
457.934 |
458.653 |
|
|
|
|
|
|
Total Expenditure |
762.431 |
433.848 |
441.906 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
4.77
|
(0.94) |
(0.49) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.08
|
0.71 |
(1.57) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.42
|
(0.64) |
(0.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
7.09
|
(0.77) |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.56
|
5.19 |
7.04 |
LOCAL AGENCY
FURTHER INFORMATION
Civil Infrastructure
Development, Management, and Construction of Civil Infrastructure from Airport, Rail and Highway Systems to Regional Development Programs and from office buildings to theme parks.
Mining & Metals
Worldwide Engineering, Procurement and Construction expertise enabling customers to produce everything from Aluminum to Uranium.
Oil, Gas and Chemicals
Design and construction for the Hydrocarbon Industry including Chemical, Petrochemical, Industrial, LNG and Natural Gas Plants and Construction of Pipelines that Transport Oil, Natural Gas, Petroleum Products, Slurry, Water and Industrial Gases.
Power
Design and construction of Fossil-Fueled Generating Plants and a full range of services to the Nuclear Power Industry including decontamination and decommissioning and steam generator replacement.
Telecommunications
Deployment of telecommunications systems from landlines to advanced mobile wireless networks. It offers a full range of services including management of construction and equipment installation.
Export/Sales
Subject undertakes various Engineering Projects. The major projects of Bechtel are as follows:
® Advanced Mixed Waste Treatment Project, USA
® AT&T Wireless Network, USA
® Boston Central Artery/Tunnel, USA
® Channel Tunnel Rail Link, UK
® CSPC Nanhai Petrochemicals Project
® Hanford's Environmental Restoration Program, USA
® In Salah Pipeline, Algeria
® Jorge Chavez International Airport, Peru
® Power Pack, USA
® Springfield Interchange Improvement Program, USA
® Tacoma Naroows Bridge, USA
® US
Government's Iraq Infrastructure Reconstruction Programme
Bechtel India is a wholly owned Bechtel company establishes a strong local engineering presence for projects in India. It develops a cost-effective resource base for projects worldwide through associations with major Indian producers and equipment manufacturers. Bechtel is a global engineering, construction and project management company with more than a century of experience on complex projects in challenging locations.
Privately owned with headquarters in San Francisco, they have 40 offices around the world and 40,000 employees. They had revenues of $ 17.4 billion in 2004 and have been the No. 1 ranked U.S. contractor seven years running.
Bechtel is focusing in the following area:
® Roads and Rail Systems
® Airports and Seaports
® Fossil and Nuclear Power Plants
® Refineries and Petrochemical Facilities
® Mines and Smelters
® Defence and Aerospace Facilities
® Environmental Cleanup Projects
® Telecommunications Networks
® Pipelines
® Oil and Gas Field Development
Activities
® Civil
® Infrastructure
® Telecommunications
® Power
® Oil, Gas and Chemicals
® Mining and Metals
® Energy and Environmental
® Defence and Space
Overseas Offices
Alliances
BechTelephone companies have aligned with other leading organizations in joint ventures and alliances and the details are given below:
® ABT Engineers and Constructors Limited: A joint venture between BechTelephone and The Asset and Risk Engineering (ARE) Group providing premier engineering, procurement, construction, and project management services to the Caribbean region.
® Alterra Partners: A premier global developer, owner, financier and manager of world-class airports and related infrastructure. The company headquartered in London is owned by BechTelephone Enterprises and Singapore Changi Airport Enterprise, a wholly owned subsidiary of the Civil Aviation Authority of Singapore.
® APX: APX is the industry’s trusted independent service agent for power market transaction processing. BechTelephone Enterprises is an investor in the company.
® BechTelephone-ARA: An engineering, procurement and construction/construction management (EPCM) joint venture with Arze, Recine Y Asociados (ARA) to pursue copper solvent extraction and small concentrator projects in Chile.
® B.M.T. BechTelephone Metodo Telephoneecomunicacoes Ltda.: A joint venture company with Metodo to pursue opportunities in the growing Brazilian Telephonee communications market.
® Bantrel Company: A BechTelephone subsidiary, Bantrel Company is an Alberta-based provider of engineering, procurement, construction and construction management services.
® BechTelephone BWXT Idaho: BechTelephone National is the lead partner in BechTelephone BWXT Idaho, LLC, which operates the Advanced Mixed Waste Treatment Facility in Idaho Falls, Idaho, for the U.S. Department of Energy.
® BechTelephone Bettis Inc.: BechTelephone Bettis, a BechTelephone subsidiary, manages and operates the U.S. Navy Nuclear Propulsion Program’s Bettis Atomic Power Laboratory for the U.S. Department of Energy.
® BechTelephone COSAPI: A joint venture with Cosapi S.A. to pursue engineering and construction opportunities in Peru.
® BechTelephone CITIC Engineering, Inc. (BCEI): A joint venture with CITIC Group that supports BechTelephone in current China projects.
® BechTelephone Enka: A construction and engineering joint venture with Enka, the largest construction and engineering company in Turkey.
® BechTelephone Jacobs LLC: A joint venture of BechTelephone National, Inc. (BNI) and Jacobs Engineering Group, Inc., formed to manage and integrate environmental restoration for the U.S. Department of Energy at its facilities in Oak Ridge, Tennessee; Paducah, Kentucky; and Portsmouth, Ohio.
® BechTelephone Sigdo Koppers: A construction joint venture with Sigdo Koppers to pursue mining opportunities in Chile.
® EPCglobal: A full-service staffing solutions company that focuses on the needs of the engineering and construction industry. Provides support to BechTelephone projects.
® Nexant, Inc.: Nexant is a BechTelephone-affiliated provider of technology solutions and experience-based technical and management consulting services to the global energy industry.
® Pacific Engineers & Constructors, Ltd. (PECL): Based in Taipei, Pacific Engineers & Constructors, Ltd (PECL), is a partnership between BechTelephone and Sinotech Foundation. Established in 1979, PECL provides a broad range of services in engineering, procurement, construction, project management, and construction management.
® Power Generation Engineering and Services Co. (PGESCo): A partnership between BechTelephone, Egypt’s Ministry of Electricity and Energy, and the Commercial International Bank, providing engineering, procurement, and construction management services for power generation stations and related facilities.
Subject recently
became an ISO 9001 company, assessed and approved by Lloyd's Register Quality
Assurance.
Following projects
are in progress in India :
v
Haldia
Petrochemical Project
v
Dabhol Power
Project
v
Jamnagar
Refinery Project
Following projects
are in progress outside India :
v
Chevron
Paraxylene Project, USA
v
Rocksavage
Power Plant, UK
v
Samalayuca II
Power Project, Mexico
v
Spalding Power
Project, UK
v
Dubai
International Airport Expansion, UAE
Subject office
provides information on Indian companies, contractors, materials and equipment
to Bechtel offices worldwide. The group uses the latest automated Procurement
Tracking System, its’ proprietory software, to enable monitoring and control of
all global procurement activities, from requisitioning through delivery.
Subject has
provided engineering and construction support to various Bechtel projects, such
as:
v
Quezon Power
Plant, Philippines
v
Ghazlan Power
Plant, Saudi Arabia
v
Emcali Power
Project, Colombia
v
Ras-Tanura
Petrochemical Project, Saudi Arabia
v
Ibn Rushd PTA
Aromatics Plant, Saudi Arabia
v
Kandla-Bhatinda
Pipeline, India
v
Haldia
Petrochemical Project, India
v
Dabhol Power
Project, India
v
Jamnagar
Refinery, India
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.28 |
|
UK Pound |
1 |
Rs.86.62 |
|
Euro |
1 |
Rs.58.32 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions