1. Summary Information
|
|
|
Country |
India |
|
Company Name |
MOSER BAER CLEAN ENERGY LIMITED |
Principal Name 1 |
Mr. Deepak Khandelwal |
|
Status |
Yet to commence business |
Principal Name 2 |
Mr. Mahanand Pandey |
|
|
|
Registration # |
55-184260 |
|
Street Address |
616 A, (16 A, Sixth Floor), Devika Tower, Nehru Place, New
Delhi-110019 |
||
|
Established Date |
15.10.2008 |
SIC Code |
-- |
|
Telephone# |
91-11-47624100 |
Business Style 1 |
|
|
Fax # |
Not Available |
Business Style 2 |
|
|
Homepage |
-- |
Product Name 1 |
|
|
# of employees |
Information denied by the management. |
Product Name 2 |
|
|
Paid up capital |
Rs.149,978,000/-
|
Product Name 3 |
|
|
Shareholders |
Bodies
corporate 100.00% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
|
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
-- |
Sapphire Industrial Infrastructures Private
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
30.09.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,106,196,000 |
Current Liabilities |
1,552,000 |
|
Inventories |
000 |
Long-term Liabilities |
100,000,000 |
|
Fixed Assets |
580,000 |
Other Liabilities |
530,000 |
|
Deferred Assets |
000 |
Total Liabilities |
102,082,000 |
|
Invest& other Assets |
1,268,845,000 |
Retained Earnings |
1,343,030,000 |
|
|
|
Net Worth |
3,273,539,000 |
|
Total Assets |
3,375,621,000 |
Total Liab. & Equity |
3,375,621,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
30.09.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
163,000 |
Net Profit / Loss |
(3,885,000) |
|
Sales(Previous yr) |
-- |
Net Profit
/ Loss (Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOSER BAER CLEAN ENERGY LIMITED |
|
|
|
|
Registered
Office : |
616 A, (16 A, Sixth Floor), Devika Tower, Nehru Place, New
Delhi-110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.09.2010 |
|
|
|
|
Date of
Incorporation : |
15.10.2008 |
|
|
|
|
Com. Reg. No.: |
55-184260 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.149.978
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40106DL2008PLC184260 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM16856A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM8367C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of energy and infrastructure development and
is exploring opportunities in the field of setting up of power project and
infrastructure project. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13000000 |
|
|
|
|
Status : |
Yet to commence business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 2008, the company is
yet to commence its commercial operations. The company is in the initial stage
of setting up its business. Payments are unknown. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
Management non co-operative.
LOCATIONS
|
Registered Office : |
616 A, (16 A, Sixth Floor), Devika Tower, Nehru Place, New
Delhi-110019, India |
|
Tel. No.: |
91-11-47624100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.12.2010
|
Name : |
Mr. Deepak Khandelwal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Khation Ka Mohalla, Opposite Prem Katia, Paota, 303106 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.06.1986 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.2008 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Ceasing: |
28.03.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01290905 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Name : |
Mr. Mahanand Pandey |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-94-D, Pocket E, Dilshad Garden, New Delhi-110095, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.02.1974 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.2008 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Ceasing: |
28.03.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
02275186 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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|
Name : |
Mr. D P Gupta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-484, Rohini Sector 19, New Delhi-110085, India |
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|
Date of Birth/Age : |
25.01.1965 |
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|
Date of Appointment : |
15.10.2008 |
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|
Date of Ceasing: |
28.03.2011 |
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|
Din No.: |
00054587 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Ms. Reena Gupta |
|
Designation : |
Secretary |
|
Address : |
B-5, Rohit Kunj, Pitampura, New Delhi-110034, India |
|
Date of Birth/Age : |
10.12.1982 |
|
Date of Appointment : |
02.08.2010 |
|
Pan No.: |
AKVPG8977B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2010
|
Names of Shareholders |
|
No. of Shares |
|
Moser Baer Projects Private Limited, India |
|
14997822 |
|
Rajesh Puri |
|
1 |
|
Divya Prakash Nanda |
|
1 |
|
Vivek Kumar |
|
1 |
|
Vivek Choudhary |
|
1 |
|
Sandhya Verma |
|
1 |
|
Surinder Kumar Bhatia |
|
1 |
|
|
|
|
|
Total |
|
14997828 |
As on 30.12.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of energy and infrastructure development and
is exploring opportunities in the field of setting up of power project and
infrastructure project. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CA and Associates Chartered Accountants |
|
Address : |
1748/55, 2nd Floor, Naiwalan, Karol Bagh, New Delhi-110055,
India |
|
Tel. No.: |
91-11-28757260 |
|
Mobile No.: |
91-9810172355 |
|
E-Mail : |
|
|
Pan No.: |
AAAFC2111N |
|
|
|
|
Holding Company: |
Moser Baer Projects Private Limited [U72200DL2000PTC107182] |
|
|
|
|
Fellow Subsidiary: |
Moser Baer Electric Power Limited |
|
|
|
|
Subsidiaries: |
·
Sapphire Industrial Infrastructures Private
Limited [U70102DL2008PTC179290] ·
Moser Baer Energy and Research Limited
[U40106DL2008PLC181197] ·
Moser Baer Energy and Development Limited
[U40106DL2008PLC182717] ·
Moser Baer Energy and Infrastructure Limited
[U45206DL2008PLC182684] ·
Moser Baer Energy and Projects Limited
[U40106DL2008PLC182466] ·
Moser Baer Energy Systems Limited
[U40102DL2008PLC181186] ·
Solitaire Industrial Infrastructure Private
Limited [U45200DL2008PTC179297] ·
Solitaire Energies Private Limited
[U11100DL2008PTC180438] ·
Solitaire Powertech Private Limited
[U72200DL2008PTC180422] ·
Precious Energy Services Private Limited
[U40102DL2008PTC175525] ·
Moser Baer Projects and Infrastructure Limited
[U40101DL2008PLC179706] ·
Moser Baer Infrastructure and Power Limited
[U40101DL2008PLC179708] ·
Sofretano Limited ·
Laytham Limited ·
Atharv Cleantech Limited ·
Hygrove Limited ·
Bharat Cleantech Limited ·
Tranlexom Limited ·
Deligentia Energy and Infrastructure Private
Limited ·
Destimatics Limited ·
Canversus Limited ·
Indus Solar GmbH and Company KG ·
Indus Energy GmbH and Company KG ·
Twelve Energy ·
Gatus GmbH ·
Ralsen Limited ·
Indus Cleant Energy GmbH ·
Miligreen Power Limited ·
Moser Baer Clean Energy Italia S.R.L. ·
MB Active Power Limited ·
MB Energy and Development Limited ·
MB Energy and Infrastructure Limited ·
MB Energy and Projects Limited ·
MB Energy and Research Limited ·
MB Power Projects Limited ·
Moser Baer Industrial Development Limited ·
Moser Baer Powergen Limited ·
Moser Baer Powerstructures Limited |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15050000 |
Equity Shares |
Rs.10/- each |
Rs.150.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14997828 |
Equity Shares |
Rs.10/- each |
Rs.149.978
Millions |
Note: Of the above 14997828 equity shares are held by
Moser Baer Projects Private Limited, the holding company.
After 30.09.2010
Authorised Capital : Rs.195.770 Millions
Issued, Subscribed & Paid-up Capital : Rs. 195.248
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.09.2010 [18th
Months] |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
149.978 |
0.500 |
|
|
2] Share Application Money |
|
1784.416 |
12.638 |
|
|
3] Reserves & Surplus |
|
1343.030 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(3.885) |
0.000 |
|
|
NETWORTH |
|
3273.539 |
13.138 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
100.000 |
0.000 |
|
|
TOTAL BORROWING |
|
100.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3373.539 |
13.138 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.580 |
0.009 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1268.845 |
3.977 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
94.701 |
0.120 |
|
|
Other Current Assets |
|
0.147 |
0.000 |
|
|
Loans & Advances |
|
2011.348 |
3.777 |
|
Total
Current Assets |
|
2106.196 |
3.897 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.373 |
3.234 |
|
|
Other Current Liabilities |
|
0.179 |
0.912 |
|
|
Provisions |
|
0.530 |
0.000 |
|
Total
Current Liabilities |
|
2.082 |
4.146 |
|
|
Net Current Assets |
|
2104.114 |
(0.249) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
9.401 |
|
|
|
|
|
|
|
|
TOTAL |
|
3373.539 |
13.138 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
30.09.2010 [18th
Months] |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.163 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
0.163 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative and Other Expenses |
|
|
3.825 |
|
|
|
Prior Period Items |
|
|
0.018 |
|
|
|
TOTAL (B) |
|
|
3.843 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(3.680) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(3.778) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.056 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
|
(3.834) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
|
(3.885) |
|
|
|
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
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0.000 |
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BALANCE CARRIED
TO THE B/S |
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(3.885) |
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Earnings /
(Loss) Per Share (Rs.) |
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(0.61) |
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KEY RATIOS
|
PARTICULARS |
|
|
30.09.2010 [18th
Months] |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
(2383.44) |
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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(2352.15) |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
(0.18) |
0.00 |
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Return on Investment (ROI) (PBT/Networth) |
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0.00 |
0.00 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.03 |
0.32 |
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Current Ratio (Current Asset/Current Liability) |
|
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1011.62 |
0.94 |
LOCAL AGENCY FURTHER INFORMATION
Note: The
registered office of the company has been shifted from N23B, Block N, DDA Flats,
Saket, New Delhi-110017, India to the present address w.e.f. 17.11.2010.
NATURE OF
OPERATIONS:
Subject is business of energy and infrastructure development and is
exploring opportunities in the field of setting up of power project and infrastructure
project.
WEBSITE DETAILS:
PRESS RELEASES:
Moser
Baer Clean Energy Limited (MBCEL) attracts an investment of Rs. 3000.000
Millions in Sardinia Project by GE
October 20, 2011
New Delhi, October 20, 2011 – A greenhouse nearing completion in Italy will tap the sun’s energy to grow crops while generating electricity from its roof-mounted photovoltaic modules in a project developed by Moser Baer Clean Energy Limited (MBCEL) into which GE (NYSE: GE) unit GE Energy Financial Services is investing Rs. 3000.000 Millions. The first phase of the project will have 20-megawatt capacity and is built near Cagliari in Sardinia, Italy.
The greenhouse solar power project’s first five megawatts began providing power to Italy’s national electrical grid operator on Aug. 30, and 15 more megawatts are expected to go into service shortly. The project -- known as “Su Scioffu” – is in Villasor, a 7,000 member community economically suffering from the closure of a sugar factory. With its greenhouse operations, the project will support employment and agriculture by adding up to 90 jobs. The total project’s 20 megawatts will generate enough electricity to power approximately 10,000 Italian homes, and it will avoid more than 25,000 tons of CO2 emissions every year from coal- and oil-fired power plants.
The greenhouse, located on 66 acres, will help Italy, which installed more solar power in 2010 than any other country except Germany, achieve its target of generating 23 gigawatts from the sun by 2016.
Ratul Puri, Chairman of Moser Baer Projects Private Limited (MBPPL), said: “This investment by GE reflects the high quality of Project Development undertaken by Moser Baer Clean Energy Limited in both Indian and International Markets. With these projects, MBCEL expects to have an operating capacity of 100 MWp of Solar Plants by the end October, 2011.”
Lalit Jain, CEO of MBCEL’s Wind and International Solar business, said: “This project demonstrates how solar power technology can produce multiple benefits from a single site. We are doubling the productivity of the land by growing crops and generating electricity.”
For its part, GE sees its investment as part of its growth in renewable energy investing, which already includes nearly $1 billion of solar power equity and debt investments in 46 projects in six countries.
“This transaction reflects our commitment to investing in Europe with good partners in good projects, despite the economic challenges facing the region and beyond,” said Andrew Marsden, a Managing Director and European leader at GE Energy Financial Services. “It also demonstrates our interest in investing in development-stage projects, particularly those consistent with GE’s ecomagination program.” Ecomagination is GE’s business strategy to create value for customers by solving energy, efficiency and water challenges.
About MBCEL:
Moser Baer Clean Energy Limited (MBCEL) was
established in 2008 with a strategy to undertake development of renewable power
projects worldwide. MBCEL is a project developer, owner and operator of solar
power projects globally and in India. It is currently the largest solar power
development company in India and one of the largest solar power development
companies globally. It has a vision of developing a portfolio of 1500 MW of solar
energy in India by 2015. The company has a portfolio of another 200 MWp of
projects under various stages of development in Europe to be completed by 2012.
Significantly, MBCEL has already commissioned in India 35 MWp Solar PV projects
in Gujarat and Tamil Nadu and has 47 MWp Solar PV projects operational in
Germany, the UK, Italy and elsewhere. Besides Solar, MBCEL is in the business
of developing Wind and Biomass projects.
Website: http://www.moserbaerprojects.com/solarpower-overview.asp
About Moser Baer
Projects Private Limited (MBPPL)
Moser Baer Projects is engaged in the development of power assets using both conventional and non-conventional sources of energy. It is one of the fastest growing integrated power companies in India, operating across a synergetic span of Thermal, Hydel and Solar verticals offering end-to-end services (Power Generation, Power Trading, and Engineering Procurement Commissioning etc) in its areas of operations. The company plans to commission 5000 MW of thermal, 500 MW of solar and 520 MW of hydro to emerge as a leading player in India’s energy sector. Additionally the company has a pipeline of over 6100 MW of power projects. For more information, visit the company’s Web site at www.moserbaerprojects.com
About GE Energy
Financial Services:
GE Energy Financial Services’ experts invest globally across the capital
spectrum in essential, long-lived, and capital-intensive energy assets that
meet the world’s energy needs. In addition to capital, GE Energy Financial
Services offers the best of GE.’s technical know-how, technology innovation,
financial strength, and rigorous risk management. Based in Stamford,
Connecticut, USA, the GE business unit helps its customers and GE grow through
new investments, strong partnerships, and optimization of its approximately US
$20 billion in assets. For more information, visit http://www.geenergyfinancialservices.com.
About GE:
GE (NYSE: GE) is an advanced technology, services and finance company taking on
the world’s toughest challenges. Dedicated to innovation in energy, health,
transportation and infrastructure, GE operates in more than 100 countries and
employs about 300,000 people worldwide. For more information, visit the
company’s Web site at www.ge.com.
Photo: http://geenergyfinancialservices.com/images/Su_scioffu_MoserBaer.jpg
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
|
1 |
Rs.81.29 |
|
Euro |
1 |
Rs.69.47 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.