MIRA
INFORM REPORT
|
Report Date : |
28.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
MOTOROLA INDIA PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
415/ |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
23.06.1989 |
|
|
|
|
Com. Reg. No.: |
05- 34131 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U32109HR1989PTC034131 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKM01691E |
|
|
|
|
Legal Form : |
Private
limited liability company |
|
|
|
|
Line of
Business : |
Installing,
Supplying |
RATING & COMMENTS
|
MIRA’s Rating
: |
Ba |
RATING |
STATUS |
PROPOSED
CREDIT LINE |
|
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
|
|
|
|
|
|
Maximum Credit
Limit : |
USD 23350000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Ms. Anandi
(Fiance Department) and Ms. Vaishali (Fianance Head) may take consent of
higher management and part the details. Hence, this report
is based on secondary sources of information. Subject is a well
established and reputed company and part of MOTOROLA worldwide. Trade
relations are fair. Financial position is good. Payments are correct and as
per commitment. The company can
be considered good for any normal business dealings at usual trade terms and
condition. It can be regarded as a promising business partner in a medium to
long run |
LOCATIONS
|
Registered
Office : |
415/ |
|
Tel. No.: |
91-124-2303212/2307212 |
|
Fax No.: |
91-124-2306688/2301687/2301690 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Leased -- 20000 sq |
|
Location : |
Commercial |
|
|
|
|
Factory : |
No. 88-A,
Electronic City, |
|
Tel. No.: |
91-80-28520021 /28520023
/ 28520024 / 28520025 |
|
Fax No.: |
91-80-28521022 |
|
Area : |
Leased |
|
Location : |
Industrial |
|
|
|
|
Overseas
Office : |
Located at |
|
|
|
|
Branches : |
Tel. No.: 91-80-26017000 Fax No.: 91-80-26017037 Location : Commercial
Tel. No.: 91-40-23308090 Fax No.: 91-40-23308089
|
DIRECTORS
|
Name : |
Mr. Garth L.
Milne |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth
: |
26.08.1942 |
|
Date of
Appointment : |
12.04.2004 |
|
Date of
Ceasing : |
31.05.2005 |
|
|
|
|
Name : |
Mr. Tan Boon Hui |
|
Designation : |
Additional
Director |
|
Address : |
9C, Vaughan Road,
Singapore-358092 |
|
Date of Birth
: |
14.11.1953 |
|
Date of
Appointment : |
12/04/2004 |
|
Date of
Ceasing : |
29.08.2005 |
|
|
|
|
Name : |
Mr. Amit Sharma |
|
Designation : |
Additional
Director |
|
Address : |
E-84, Paschimi Marg,
Vasant Vihar, |
|
Date of Birth
: |
20.05.1954 |
|
Date of
Appointment : |
25/02/2004 |
|
|
|
|
Name : |
Mr. Sanjiv Rai |
|
Designation : |
Additional
Director |
|
Address : |
9, Lorong Buluh,
Perindu, 5, Taman S A, |
|
Date of
Appointment : |
12/04/2004 |
|
Date of
Ceasing : |
29.08.2005 |
|
|
|
|
Name : |
Mr. Tan Lee King |
|
Designation : |
Director |
|
Address : |
128, Holland
Grove |
|
Date of Birth
: |
23.05.1948 |
|
Date of
Appointment : |
30.04.2003 |
|
Date of
Ceasing : |
29.08.2005 |
|
|
|
|
Name : |
Mr. Sivakumar
Amarendran |
|
Designation : |
Director |
|
Address : |
Flat No.A301, 3rd
Floor, Ceebros Grayshott, No.4, Bishop Garden Extension, Chennai-600028, |
|
Date of Birth
: |
04.08.1961 |
|
Date of
Appointment : |
13.03.2003 |
|
DIN or
Income-tax PAN : |
00837232 |
|
|
|
|
Name : |
Mr. Percy
Batlivala |
|
Designation : |
Director |
|
Address : |
LTH 02, 16th
Floor, Laburnum, Sushank Lok I, Gurgaon -122001, |
|
Date of Birth
: |
15.06.1948 |
|
Date of
Appointment : |
03.12.2003 |
|
Date of
Ceasing : |
29.08.2005 |
|
|
|
|
Name : |
Mr. Allen Ma |
|
Designation : |
Director |
|
Address : |
Flat 17B, |
|
Date of Birth
: |
17.02.1953 |
|
Date of
Appointment : |
12.04.2004 |
|
Date of
Ceasing : |
23.07.2004 |
|
|
|
|
Name : |
Mr. Parmindra P S
Kwatra |
|
Designation : |
Director |
|
Address : |
E-66, |
|
Date of Birth
: |
07.09.1956 |
|
Date of
Appointment : |
23.07.2004 |
|
Date of
Ceasing : |
29.08.2005 |
|
|
|
|
Name : |
Mr. David W
Devonshire |
|
Designation : |
Director |
|
Address : |
1022, |
|
Date of Birth
: |
22.05.1945 |
|
Date of
Appointment : |
29.08.2005 |
|
|
|
|
Name : |
Mr. Satinder Sohi |
|
Designation : |
Director |
|
Address : |
6/26, Shanti
Niketan, 1st Floor, New Delhi-110021, |
|
Date of Birth
: |
18.04.1954 |
|
Date of
Appointment : |
03.12.2003 |
|
Date of
Ceasing : |
04.06.2004 |
|
|
|
|
Name : |
Mr. Edward John
Hughes |
|
Designation : |
Additional
Director |
|
Address : |
|
|
Date of Birth
: |
16.08.1952 |
|
Date of
Appointment : |
31.05.2005 |
|
|
|
|
Name : |
Mr. Firdose A
Vandrevala |
|
Designation : |
Director |
|
Address : |
192, NCPA
Apartments, 19th Floor, Nariman Point, Mumbai-400021, |
|
Date of Birth
: |
17.10.1950 |
|
Date of
Appointment : |
09.12.2005 |
|
|
|
|
Name : |
Mr. Laurel Grace
Meissner |
|
Designation : |
Director |
|
Address : |
2811, |
|
Date of
Birth/Age : |
07.02.1958 |
|
Date of
Appointment : |
30.09.2008 |
|
|
|
|
Name : |
Mr. Henry Maria Mohan |
|
Designation : |
Director |
|
Address : |
No.1, |
|
Date of Birth/Age : |
13.05.1955 |
|
Date of Appointment : |
26.10.2007 |
|
DIN or
Income-tax PAN : |
01831197 |
|
|
|
|
Name : |
Mr. Marc Evan Rothman |
|
Designation : |
Director |
|
Address : |
63, |
|
Date of Birth/Age : |
20.10.1964 |
|
Date of Appointment : |
26.10.2007 |
|
|
|
|
Name : |
Ms. Soumitra Sana |
|
Designation : |
Director |
|
Address : |
Flat G1, Renaissance, 11, |
|
Date of Birth/Age : |
07.01.1957 |
|
Date of Appointment : |
26.10.2007 |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev
Goswami |
|
Designation : |
Company Secretary |
|
Address : |
314, Bhaghirathi
Apartments, Sector 62, |
|
Date of
Birth/Age : |
06.07.1975 |
|
Date of
Appointment : |
13.06.2005 |
|
|
|
|
Name : |
Mr. P Sameer Das |
|
Designation : |
Company Secretary |
|
Address : |
241, Kusuma 11th B Main, IInd D Cross Girinagar,
Bangalore-560085, |
|
Date of
Birth/Age : |
30.06.1960 |
|
Date of
Appointment : |
31.07.2006 |
|
DIN or
Income-tax PAN : |
ACIP8478C |
|
|
|
|
Name : |
Mr. S. Amarendran |
|
Designation : |
Director |
|
Address : |
E-58, |
|
Date of
Birth/Age : |
04/08/1961 |
|
Date of
Appointment : |
13.03.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.10.2007
|
Names
of Shareholders |
No. of Shares |
|
Motorola Inc., |
97247019 |
|
Motorola
International Capital LLC |
212817360 |
|
Force Computers
Inc. |
7092414 |
|
Winphoria
Networks Holdings Inc. |
11378780 |
|
|
3462 |
|
Total |
328539035 |
As on 26.10.2007
Equity Share
Breakup (Percentage of Total Equity)
|
Category |
Percentage of holding |
|
Foreign Holdings (Foreign Institutional
Investor(s), Foreign Companie(s), Foreign Financial Institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others. |
100.00 |
BUSINESS DETAILS
|
Line of
Business : |
Installing,
Supplying |
|
|
|
|
Products : |
Broadband Peripherals and Accessories Government
Solutions Mobile Devices v IDEN Networks v Embedded Communications Computing v Network Services and Application Management v Wireline Broadband Networks (FTTX) Cellular Networks v GAMA v Courier Communication
Networks v Harmony v Mobile Mesh Networks Technology v Unlicensed Wireless Networking Products and
Services v Computer Aided Dispatch (CAD) v Paging |
|
|
|
|
Brand Names : |
MOTOROLA |
|
|
|
|
Exports to : |
|
|
|
|
|
Imports from : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30
days) or Other terms |
|
|
|
|
Purchasing : |
L/C, Credit
(30-60 days) or Other terms |
PRODUCTION STATUS
|
Particulars |
Unit |
|
Installed Capacity |
|
Two Way Radio |
Nos. |
|
62500 |
GENERAL INFORMATION
|
Suppliers : |
Ř Motorola
Inc., Ř Motorola
Electronics Pte Limited, Ř Motorola
Group, Ř Motorola
India Electronics Private Limited, |
|
|
|
|
Customers : |
Wholesalers and
Manufactures |
|
|
|
|
No. of
Employees : |
Total 600 |
|
|
|
|
Bankers : |
Ř Standard
Chartered Grindlays Bank Limited, Ř Corporation
Bank, Ř State
Bank of Ř Citibank
N.A., |
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors : |
Chartered
Accountants Address: Maruthi
Info Tech, 11-12/1,
Chartered
Accountants |
|
|
|
|
Subsidiaries : |
Legal Status : Private Limited
Company Date Of Incorporation : February
4, 2004 Address : Bagmane Tech Park, 66/1, Plot # 05, Cv Raman Nagar, Tel No. : 91-80-26010000 Fax No. : 91- 80-26013366
|
|
|
|
|
Membership : |
Confederation of
Indian Industry |
|
|
|
|
Ultimate
Holding Company: |
Motorola Inc. |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
346100000 |
Equity Shares |
Rs.10/- each |
Rs.3461.000
Millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
328539035 |
Equity Shares |
Rs.10/- each |
Rs.3285.390
Millions |
FINANCIAL
DATA
[all
figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share Capital |
3285.000 |
3285.390 |
3285.390 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves &
Surplus |
1385.000 |
1059.000 |
1358.569 |
|
NETWORTH
|
4670.000 |
4344.390 |
4643.959 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.000 |
8.000 |
0.000 |
|
|
2] Unsecured
Loans |
2478.000 |
5246.000 |
736.895 |
|
TOTAL
BORROWING
|
2485.000 |
5254.000 |
736.895 |
|
|
DEFERRED TAX
LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
7155.000 |
9598.390 |
5380.854 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
2882.000 |
1277.000 |
1044.585 |
|
Capital work-in-progress
|
26.000 |
535.390 |
71.257 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.009 |
|
DEFERREX TAX ASSETS
|
546.000 |
689.000 |
304.530 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
2524.000 |
1972.000 |
784.224 |
|
|
Sundry Debtors
|
6051.000 |
12933.000 |
8127.152 |
|
|
Cash & Bank Balances
|
171.000 |
114.000 |
120.836 |
|
|
Other Current Assets
|
263.000 |
0.000 |
0.000 |
|
|
Loans & Advances
|
2731.000 |
3278.000 |
2589.221 |
Total Current Assets
|
11740.000 |
18297.000 |
11621.433
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
6470.000 |
9806.000 |
6349.576 |
|
|
Provisions
|
1569.000 |
1394.000 |
1311.375 |
Total Current Liabilities
|
8039.000 |
11200.000 |
7660.951
|
|
Net
Current Assets
|
3701.000 |
7097.000 |
3960.482 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
7155.000 |
9598.390 |
5380.854 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
Sales Turnover [including other income]
|
NA |
36436.000 |
15114.000 |
Other Income
|
NA |
489.000 |
144.000 |
Total Income
|
NA |
36925.000 |
15258.000 |
|
|
|
|
|
Profit/ (Loss) Before Tax
|
521.000 |
(560.000) |
462.000 |
Provision for Taxation
|
208.000 |
(250.000) |
(95.000) |
Profit/ (Loss) After Tax
|
313.000 |
(310.000) |
557.000 |
|
|
|
|
|
Exports:
|
|
|
|
Others:
|
NA |
8423.000 |
5924.000 |
Total Exports:
|
NA |
8423.000 |
5924.000 |
|
|
|
|
|
Imports:
|
|
|
|
Others:
|
NA |
931.000 |
458.000 |
Total Imports:
|
NA |
931.000 |
458.000 |
|
|
|
|
|
Financial Charges & Interest
|
340.000 |
183.000 |
84.000 |
Depreciation
|
598.000 |
459.000 |
337.000 |
Other Expenses
|
NA |
36843.000 |
14375.000 |
Total Expenditure
|
NA |
37485.000 |
14796.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
PAT / Total Income
|
(%)
|
NA |
(0.84) |
3.65 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
NA |
(1.54) |
3.05 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
3.56 |
(1.52) |
3.03 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.11 |
(0.13) |
0.09 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
2.25 |
2.58 |
1.65
|
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
1.46 |
1.63 |
2.93
|
LOCAL AGENCY FURTHER INFORMATION
SEZ OPERATIONS:
The company has
during the year inaugurated the manufacturing facility at Sripermbudur,
Chennai. With an initial investment of Rs.2750 millions (US$ 68.75 million),
the company owned and operated facility supports an integrated telecom products
portfolio covering GSM and CDMA mobile devices and networking equipment such as
base stations and system controllers. The facility, spread over 270000 square
feet, has a capacity of producing over 12 million mobile phones and 6500 base
terminal stations each year.
History
The
company was incorporated on 23rd June, 1989 at
Subsequently,
with effect from 27th January, 1999 the Registered Office of the
company was shifted from
It has
been accredited with ISO 9002 Certification.
The
company’s focus areas include, Mobile Handsets, Wireless Infrastructure,
Managed and Hosted Services, Broadband, Equipment (wired as well as wireless),
Trunking and Tow Way Radios, Software Development and Research and Development
on cutting edge future communication technologies.
Wireless
infrastructure:
The wireless infrastruture segment and Offers cutting edge end – to – end
solutions across GSM and CDMA technologies. All major carriers GSM and CDMA are
Motorola
Mobile
Devices: It has a very versatile products portfolio which includes the world’s
first linux based PDA phones such as the A760; A768i and the A780. It also sell
iconic products like the Razr V3 which has set a new benchmark in the world for
mobile phone design. Its portfolio also includes very attractive high-mid tier
and mid tier products like the MPx 200
and the trendy E398. Its low tier products are known for their reliability and
economy, and include the C 115, C 116, C 138, V 131 and V155.
Connected
Home, Wireless Broadband and Two-way Radios : Motorola
Motorola
Global Software Group (GSG)’s
Embedded
Software : Motorola
Subject
imports communication equipments.
Generic
Names of the Principal Products of the company are:
· Cellular Phones
·
· Service Income
AS PER WEBSITE
ABOUT COMPANY
Subject
is a Fortune
100 global communications leader that provides seamless mobility products and
solutions across broadband, embedded systems and wireless networks.
Seamless mobility means can reach the people, things and information need in
the home, auto, workplace and all spaces in between. Seamless mobility
harnesses the power of technology convergence and enables smarter, faster,
cost-effective and flexible communication. Subject had sales of US $36.8
billion in 2005.
Today,
subject is comprised of four businesses: Connected Home Solutions,
Government and Enterprise Mobility Solutions, Mobile Devices and Networks.
Provides
a scalable, integrated end-to-end system for the delivery of broadband services
that keeps consumers informed, entertained and connected. Its technology
enables network operators and retailers to create and execute on new business
opportunities by providing innovative products and services to the home.
Government and Enterprise Mobility Solutions
A
leading provider of integrated radio communications and information solutions,
with more than 65 years of experience in meeting the mission-critical
requirements of public safety, government and enterprise customers
worldwide. It also designs, manufactures and sells automotive and
industrial electronics systems and telematics systems that enable automated
roadside assistance, navigation and advanced safety features for automobiles.
Offers market-changing
icons of personal technology - transforming the device formerly known as the
cell phone into a universal remote control for life. A leader in
multi-mode, multi-band communications products and technologies, Mobile Devices
designs, manufactures, sells and services wireless subscriber and server
equipment for cellular systems, portable energy storage products and systems,
servers and software solutions and related software and accessory products.
Delivers
proven capabilities in cellular, wireless broadband and wireline access
technologies, with recognized leadership in integrating core networks through
wireless IP, wireless softswitch and IP multimedia subsystems. The
Networks group is advancing seamless mobility with innovative technology
solutions, as well as a billion dollar services business with an expanded
portfolio delivering support, integration, applications and management.
News
Ice
Broadband Selects Subject to Expand
Network
The company’s MOTOwi4™ wireless
broadband solutions selected as technology of choice for leading Irish
broadband provider
The quick-to-deploy MOTOwi4™ solutions, which include wi4 Fixed Canopy® and
point-to-point backhaul products, will enable Ice to maintain the momentum of
its rapid network roll-out. The high-quality voice over IP (VoIP) communication
offered by the Motorola solution was central to its selection, with broadband
customers in
“Demand for broadband in
“Motorola’s solution is quick and simple for their engineers to install,
reliable, offers excellent range and delivers high-quality data and voice
transmission. It enables them to maintain the high rate of service roll-out
they’ve established and the quality standards their customers have come to expect,”
Rooney said.
Ice Broadband selected Motorola after evaluating a number of solutions.
Technology innovations, such as industry-leading interference mitigation
techniques and excellent VoIP quality proved to be key factors in the decision
and demonstrated Motorola’s capacity to maintain and improve service quality.
Ian Bayly, MOTOwi4 sales director Europe, Motorola Networks and
About Ice Broadband
Ice Broadband is a premier broadband carrier providing quality services
concentrating on suburban areas, rural locations and small towns. Ice Broadband
has committed to provide quality service to the largely forgotten rural
populations and communities in
Ice Broadband uses high quality, internationally proven, equipment coupled with
bespoke network management software which constantly monitors the network and
customer installations to ensure fast, reliable, high-speed broadband at all
times.
About Motorola
Motorola is known around the world for innovation and leadership in wireless
and broadband communications. Inspired by their vision of seamless mobility,
the people of Motorola are committed to helping you connect simply and
seamlessly to the people, information and entertainment that you want and need.
They do this by designing and delivering "must have" products,
"must do" experiences and powerful networks -- along with a full
complement of support services. A Fortune 100 company with global presence and
impact, Motorola had sales of US $42.9 billion in 2006.
Merger:
During
the year, their company has received the approval under section 391 to 394 if
the companies Act, 1956, from the Hon’ble High Court of Punjab and Haryana in
accordance with the scheme of merger for the merger of Motorola India
electronics Private Limited, GI India Private Limited, Force Computers India
Private Limited and Winphoria Networks (India) Private Limited with their
company. This merger of all the entities in
Motorola
Announces Two Additions to its Board of Directors
Anthony Vinciquerra, President and CEO
of Fox Networks Group, and Greg Brown, President and COO of Motorola, Elected
to Board
SCHAUMBURG, Ill. — July 26, 2007 — Motorola, Inc. (NYSE: MOT) today
announced Anthony J. Vinciquerra, the president and chief executive officer of
Fox Networks Group, and Greg Brown, president and chief operating officer of
Motorola, have been elected to Motorola’s board of directors.
“Tony and Greg are outstanding additions to their board,” said Ed Zander,
Motorola’s chairman and chief executive officer. “Both bring extensive
knowledge and insight from their diverse experiences – Tony in broadcast, cable
and entertainment and Greg in telecommunications, software and wireless
communications. Together, with the rest of the board, I welcome Tony and Greg
and look forward to working with them as they position Motorola for future
growth and success.”
Vinciquerra, 52, was named president and chief executive officer of Fox
Networks Group, a primary operating unit of News Corporation (NYSE: NWS) that
includes the Fox Television Network, Fox Cable Networks, FOX Sports and Fox
Networks Engineering and Operations, in June 2002. Mr. Vinciquerra joined Fox
in December 2001 as president of the Fox Television Network.
Brown, 46, was
named president and chief operating officer of Motorola in March 2007. He is
responsible for overseeing all of Motorola’s businesses: Mobile Devices, Home
and Networks Mobility and Enterprise Mobility Solutions. In addition, he is
responsible for the company’s integrated supply chain operations and quality
organizations. Mr. Brown joined Motorola in January 2003 and most recently
served as president of Motorola’s former Networks and
About Motorola
Motorola is known around the world for innovation and leadership in wireless and
broadband communications. Inspired by their vision of seamless mobility, the
people of Motorola are committed to helping you connect simply and seamlessly
to the people, information and entertainment that you want and need. They do
this by designing and delivering “must have” products, “must do” experiences
and powerful networks — along with a full complement of support services. A
Fortune 100 company with global presence and impact, Motorola had sales of US
$42.8 billion in 2006.
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 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 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.49.85 |
|
|
1 |
Rs.76.60 |
|
Euro |
1 |
Rs.64.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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. |
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 |
|