MIRA
INFORM REPORT
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Report Date : |
26.04.2011 |
Note: The correct name of the company is S AND A CAPITAL
LIMITED
IDENTIFICATION DETAILS
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Name : |
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127/1, Mehrauli, |
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Country : |
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Date of
Incorporation : |
28..05.2003 |
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Legal Form : |
Foreign Registered Company |
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Line of Business
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Investment Business |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
-- |
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Status : |
Foreign Registered Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a foreign Registered Company in Initially, the company can be considered for business dealings with
some caution. |
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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Naveen Aggarwal |
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Designation : |
Director |
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Contact No.: |
+18473916116 |
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Date : |
25.04.2011 |
LOCATIONS
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Liaison Office : |
127/1, Mehrauli, |
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Tel. No.: |
91-11-26642268 |
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Fax No.: |
91-11-26645036 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branches : |
8770 W Bryn Mawr Av,13th floor, |
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Tel. No.: |
001 312 714 5597 |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Naveen Aggarwal |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
12.07.1970 |
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Qualification : |
MBA, |
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Experience : |
20 years |
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Name : |
Mr Francis Sullivan |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
30.06.1946 |
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Qualification : |
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Experience : |
35 years |
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Name : |
Mr. Satish Aggarwal |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
21.09.1940 |
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Qualification : |
BE, |
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Experience : |
40 years |
BUSINESS DETAILS
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Line of Business : |
Investment Business |
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Terms : |
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Selling : |
L/C, Credit |
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Purchasing : |
L/C, Credit |
GENERAL INFORMATION
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Customers : |
Investment Companies |
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No. of Employees : |
2320 (In office 20 + In Factory 2300) |
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Bankers : |
1.
AIB Bank 2.
Bank of 3.
Deutsche Bank, 4.
Volksbank, 5.
Barclays, Cash-flow related to foreign exchanges are maintained by American
Express Bank, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
NOT AVAILABLE
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
SENIOR MANAGEMENT:
MR. FRANCIS SULLIVAN
a) Citizen
of
b) Ex-Partner
of Price Waterhouse management consulting firm, Advisor to numerous companies
in
c) Responsible for political lobbying, generating advocacy support, and financial management of S and A
MR. NAVEEN AGGARWAL
a) Citizen
of
b) Name listed in international who’s who 1998; honored with several international business awards and recognitions
c) Sits
on board of numerous companies in Europe and
d) Responsible
for S and A’s investments in Balkans and
MRS. JEAN DREXLER
a) Citizen
of
b) Responsible for day-today general management of S and A
c) In her past very successful career, she has been advisor to several fortune 500 companies, including Kimberly Clark Corporation, WI.
d) Also
a major shareholder in
MR. MIKE KAUFFMANN
a) Citizen
of
b) Responsible for business development and managing relations with clients and investors
c) Well traveled and well versed in cross cultures business knowledge
d) Successfully managed relations with governments of Balkans
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 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.44.45 |
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1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.