1. Summary Information
|
|
|
Country |
|
|
Company Name |
VISHAY
COMPONENTS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Christopher Tan Cheng Poh |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ramchandra Gajanan Deshpande |
|
|
|
Registration # |
25-014320 |
|
Street Address |
Loni Kalbhor, Near Pune (C. RLY.), Pune-412201, |
||
|
Established Date |
18.02.1999 |
SIC Code |
-- |
|
Telephone# |
91-20-6913285 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-20-26913738 / 26914007 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic Components |
|
|
# of employees |
700 (Approximately) |
Product Name 2 |
Semi Conductors |
|
Paid up capital |
Rs.
916,358,000/- |
Product Name 3 |
Passive Components |
|
Shareholders |
Foreign holdings (100.00%) |
Banking |
Bank of |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (31) |
|
Related
Company |
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|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Vishay Intertechnology Inc |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
455,475,000 |
Current Liabilities |
425,511,000 |
|
Inventories |
442,521,000 |
Long-term Liabilities |
0000 |
|
Fixed Assets |
713,933,000 |
Other Liabilities |
83,678,000 |
|
Deferred Assets |
000 |
Total Liabilities |
509,189,000 |
|
Invest& other Assets |
139,951,000 |
Retained Earnings |
326,333,000 |
|
|
|
Net Worth |
1,242,691,000 |
|
Total Assets |
1,751,880,000 |
Total Liab. & Equity |
1,751,880,000 |
|
Total Assets (Previous Year) |
1,571,738,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
8,721,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
108,743,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
VISHAY COMPONENTS INDIA PRIVATE LIMITED (w.e.f. 08.04.2003) |
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|
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|
Formerly Known as : |
BC COMPONENTS INDIA PRIVATE LIMITED |
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|
|
|
Registered Office : |
Loni Kalbhor, Near Pune (C. RLY.), Pune-412201, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
18.02.1999 |
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|
|
|
Com. Reg. No.: |
25-014320 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 916.358
Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U32109PN1999PTC014320 |
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|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
PNEV03750F |
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Legal Form : |
Private Limited Liability Company |
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|
Line of Business : |
Manufacturer of Electronic Components, Semi Conductors, Passive Components, etc. |
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|
|
|
No. of Employees: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4970000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. There appears
huge dip in the profitability of the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. 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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/Factory : |
Loni Kalbhor, Near Pune (C. RLY.), Pune-412201, |
|
Tel. No.: |
91-20-6913285 |
|
Fax No.: |
91-20-26913738 / 26914007 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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|
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Sales Office 1 : |
B-1217, Mittal Tower, |
|
Tel. No.: |
91-80-25586277 |
|
Fax No.: |
91-80-25584291 |
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|
|
|
Sales Office 2 : |
Tower No. 5, Cybercity, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Christopher Tan Cheng Poh |
|
Designation : |
Chairman |
|
Address : |
No. 1, Seletar close, |
|
Date of Birth : |
17.03.1948 |
|
Date of Appointment : |
28.02.2003 |
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|
Name : |
Mr. Ramchandra Gajanan Deshpande |
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Designation : |
Managing Director |
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Address : |
Raghukul, Plot No. 13, Acacia – I, |
|
Date of Birth : |
17.01.1949 |
|
Date of Appointment: |
22.11.1999 |
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|
|
|
Name : |
Mr. Mukund Rao Rajan Shringarpure |
|
Designation : |
Whole Time Director |
|
Address : |
Manikchand Malabar Hills, BDG A2, D201/2 02 595/2, Lullanagar,
Kondhwa, Pune-411056, |
|
Date of Birth/Age : |
01.10.1954 |
|
Date of Appointment : |
21.06.2002 |
|
|
|
|
Name : |
Mr. Ananthakrishnan Ramakrishnan |
|
Designation : |
Whole Time Director |
|
Address : |
M5, Sacred Heart To WN, Wanawadi, Pune 411040, |
|
Date of Birth/Age : |
04.07.1967 |
|
Date of Appointment : |
16.06.2008 |
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|
|
|
Name : |
Mr. Stephen Werner Hollerl |
|
Designation : |
Director |
|
Address : |
Jahnstrasse 37, 95707 |
|
Date of Birth : |
06.01.1963 |
|
Date of Appointment : |
28.02.2003 |
|
|
|
|
Name : |
Mr. Ling Bee Saw |
|
Designation : |
Director |
|
Address : |
20, |
|
Date of Birth/Age : |
29.06.1964 |
|
Date of Appointment : |
29.09.2008 |
|
DIN No.: |
02472546 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
[As on 30.09.2010]
|
Names of Shareholders |
|
No. of Shares |
|
Vishay |
|
28174816 |
|
Vishay Intertechnology Inc. ( |
|
63460940 |
|
|
|
|
|
Total |
|
91635756 |
Equity Share
Break-up (Percentage of total equity)
As on 30.09.2010
|
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 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electronic Components, Semi Conductors, Passive Components, etc. |
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Products : |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
700 (Approximately) |
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|
Bankers : |
Industrial
Finance Branch, 1183-A, Sadashiv Vilas, F.C. Road, Shivaji Nagar, Pune,
Maharashtra, India · Corporation Bank – Industrial Finance Branch Bharat House, Ground Floor, 104, |
|
|
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Banking
Relations : |
- |
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|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
C – 401, Fourth Floor, |
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Tel. No. : |
91-20-66036000 |
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Fax No. : |
91-20-66015900 |
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|
|
|
Holding Company: |
·
Vishay Intertechnology Inc , |
|
|
|
|
Associates/Subsidiaries : |
·
Vishay BCcomponents B.V. – ·
Vishay Roederstein Electronics Inc – ·
BCcomponents Hongkong Limited, ·
BCcomponents Estate N.V. - ·
Vishay Trading ( ·
Vishay Europe Sales GmbH - ·
BCcomponents Beyschlag GmbH - ·
Vishay Electronic GmbH - ·
Roederstein Electronics ·
Vishay Electronic SPOL S RO – ·
Vishay Israel Limited – ·
Vishay Intertechnology ·
Vishay Passive Shanghai Company Limited – ·
Vishay Dale Electronics Inc. – ·
Vishay Vitramon Inc. – · Siliconix Technology C.V. – IR ·
Vishay ·
Vishay Transducers Limited, ·
Vishay Asia Logistic Pte Limited , · Tansitor Electronics, Inc. · Vishay Thin Film Inc LLC ·
Vishay Americas Inc , ·
Vishay Pheonix Do |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs. 10/- each |
Rs. 950.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91635756 |
Equity Shares |
Rs. 10/- each |
Rs. 916.358
Millions |
(Of the above Equity Shares 28174816 Equity
Shares are held by
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
916.358 |
916.358 |
916.358 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
326.333 |
317.612 |
208.869 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1242.691 |
1233.970 |
1125.227 |
|
|
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 |
1242.691 |
1233.970 |
1125.227 |
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|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
713.933 |
755.148 |
849.342 |
|
|
Capital work-in-progress |
139.951 |
68.998 |
9.520 |
|
|
|
|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
442.521
|
320.804
|
290.092 |
|
|
Sundry Debtors |
240.396
|
197.412
|
301.333 |
|
|
Cash & Bank Balances |
70.230
|
105.128
|
119.619 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
144.849
|
124.248
|
81.988 |
|
Total
Current Assets |
897.996
|
747.592
|
793.032 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
362.424
|
112.394
|
|
|
|
Current Liabilities |
63.087
|
125.916
|
|
|
|
Provisions |
83.678
|
99.458
|
92.244 |
|
Total
Current Liabilities |
509.189
|
337.768
|
526.667 |
|
|
Net Current Assets |
388.807
|
409.824
|
266.365 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1242.691 |
1233.970 |
1125.227 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
149.693 |
262.623 |
78.277 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
149.693 |
262.623 |
78.277 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
139.143 |
151.222 |
133.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.550 |
111.401 |
(54.727) |
|
|
|
|
|
|
|
|
|
|
TAX |
1.829 |
2.658 |
2.345 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
8.721 |
108.743 |
(57.072) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
158.672 |
49.929 |
107.001 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
167.393 |
158.672 |
49.929 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
358.122 |
|
|
|
Stores & Spares |
NA |
NA |
11.274 |
|
|
|
Capital Goods |
NA |
NA |
171.435 |
|
|
|
Finished Goods |
NA |
NA |
65.123 |
|
|
TOTAL IMPORTS |
NA |
NA |
605.954 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.65
|
7.41
|
(3.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.09
|
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.41
|
0.27
|
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
2.21
|
1.50 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
Subject was founded in 1962 to manufacture and market foil resistors, an invention of physicist Dr. Felix Landman, Chairman of the Board and founder. The Company began operations with foil resistors and strain gages as its initial product offerings. In 1985, having grown from a start-up into the world’s leading manufacturer of these original products, Vishay began an ongoing series of strategic acquisitions to become a broad – line manufacturers of discrete semiconductors and passive electronic components.
Vishay’s acquisitions include such top names as Siliconix, Telefunken, the infrared component business of Infineon, General Semiconductor, Dale, Draloric, Sprague, Vitramon, and BC components (the former passive components business of Philips Electronics and Beyschlag). These names and the products associated with them are integrated into one global company : Vishay.
Vishay capacitors range from tiny surface-mount devices for hearing aids and cell phones to the large power correction capacitors used in heavy industry.
Vishay made history when it announced new silicon-based RF capacitors with a range of 0.1 pf to 180 pf and capacitance stability from 1MHz to several GHz – making them ideal for wireless communications systems
OPERATIONS:
In the financial year, the sales declined by 3.93%. The company posted a
profit before tax of 0.76% compared to 7.75% in the previous financial year.
The global business slowdown was the cause for the drop in revenues and the
profits. With strong focus on cost reduction, the company could tide over the
difficult times successfully and is well positioned for the business
turnaround.
POWER CAPACITORS:
Revenue from low voltage power factor correction capacitors showed a
sharp decline of 15.1% compared to the previous year. This is attributed to the
economic slowdown adversely affected the key customers.
There has been a significant turnaround in the first two quarters of
2010-11 and they expect a revenue growth in excess of 60% in the current year.
To fully benefit from the growth potential, the Power Electronic
Capacitors expansion project which was kept on hold has been restarted from
August 2010. The investment in this project is estimated to be about INR
400-450 million and is targeted for completion by December 2011. Annual revenue
of INR 630M is expected from this project in the first year after completion.
As the products caters to the critical power and infrastructure segment,
the Company believes that this product to have significant growth potential in
the future.
FILM CAPACITORS:
The transfer of Film Capacitors production line from
There was a revenue growth of about 36% on this product line in the year
2009-10 despite the slowdown experienced in other products. Significant growth
exceeding 25% expected in the current year on this product line.
RESISTORS:
The revenue from this product line dropped by about 25% in the year
caused by the global business slowdown. A Global Operations optimization plan
has been initiated for Leaded Fixed Film Resistors product line under which
certain product lines from
These resistors find application in process control equipments, power
supplies and precision equipments and will bring in an additional business with
annual revenue of INR 350M.
In the current year, revenue growth of more than 50% is expected. The
company will also initiate the development of Power Resistors for which the
domestic and demand from
BUSINESS PROCESS
OUTSOURCING:
The company continues its focus in providing support services to Vishay
entities abroad
Bankers Charges
Report as per Registry
|
Name of the company |
VISHAY
COMPONENTS INDIA PRIVATE LIMITED |
|
Presented By |
R. Ananthakrishnan,
Company Secretary |
|
1) Date and description of instrument creating the change |
04.02.2002 Composite Deed of hypothecation for all facilities Agreement of packing credit facility and hypothecation FOBN/FOBP B.P/B.D Agreement All documents constitute single charge. |
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs 165.000
Millions |
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
A] Term loan
limit of Rs. 80.000 Millions fist charge over the borrowers present and
future movable plants and or machineries as per list annexed excluding
machinery of Rs. 190.000 Millions financed through deferred credit. B] packing credit
Rs. 40.000 Millions: first charge by way of hypothecation of stock of raw
materials, semi finished and finished goods, stores and spares such as copper
wire, ceramic rods, lacquers, VR pastes, tin plated caps, targets, voltage
resistors, power and other resistors etc. C] [FOBN/FOBP] of
Rs. 30.000 Millions : First charge on post shipment on the related export
bills D] letter of
credit of Rs. 10.000 Millions first charge on the goods under L/C E] Bank Guarantee
of Rs. 5.000 Millions The charge
created in favour of the Bank of Funded Rs.
210.000 Millions Non Funded Rs.
40.000 Millions Including any ad
hoc loans/interim disbursements together with interest thereon and other
monies payable by the company. |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
A] interest @ 14%
p.a. on the term loan being 1.5% over and above the bank’s Prime Lending Rate
which is 12.50% p.a. at present.
Repayment within 4 years with moratorium of 1 year from disbursement. B] Interest as
per C.O. Guidelines on packing credit and FOBN/FOBP. Present rate of interest
@ 8.5% p.a. Margin 10% in banks favour. C] security
towards due payment of the term loan and working capital credit limit
provided by the bank in full with interest and other charges payable to the
bank. D] security shall
be a continuing security in favour of the bank for all and whatsoever amounts
due directly or indirectly jointly or severally with others and in any
branches of the bank. |
|
5) Name and Address and description of the person entitled to the
charge. |
Bank of Industrial Finance
Branch 1183-A, Sadashiv
Vilas, |
|
6) Date and brief description
of instrument modifying the charge |
Letter dated
01.11.2004 confirming repayment of term loan amount. |
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
First and pari
passu charge alongwith Corporation bank, IFB, Fort, Mumbai on immovable
property situated at Survey No. 399, admeasuring 31 acres and 22 Gunthas and
at Survey No. 61, Hissa No. 1, both situated at Pune was created to secure
the following credit facilities extended by the Bank of Maharashtra :
by present
modification, the bank has confirmed vide its letter dated 01.11.2004 that
the borrower has repaid the term loan amount in full and hence the total
credit facilities stand reduced as follows amounting to Rs. 85.000 Millions a. Packing Credit Rs. 40.000 Millions b. FOBN/FOBP Rs. 30.000 Millions c. Letter of
credit DA/DP Rs. 10.000 Millions d. Bank Guarantee limit Rs. 5.000 Millions all other terms
and conditions remain unchanged. |
Fixed Assets:
·
·
Buildings
·
Plant and Machinery
·
Tools and Moulds
·
Furniture, Fixture and
Equipments
·
Motor Vehicles
AS PER WEB DETAILS
PROFILE
Many Names, One Manufacturer
Subject has grown through acquisitions to include such top names as Dale, Sfernice, Draloric, Sprague, Vitramon, Siliconix, General Semiconductor, BCcomponents, and Beyschlag. Vishay's portfolio of brands represents an unmatched collection of discrete semiconductors and passive components. All of these brands and products are part of one global manufacturer: Vishay
About Vishay
Leading Worldwide
Manufacturer
Subject has market
shares ranging from substantial to number-one for each of its products. Specific
product rankings include the following:
Semiconductors
- Number 1 worldwide in discrete power
semiconductors
- Number 1 worldwide in diodes
- Number 1 worldwide in power rectifiers
- Number 1 worldwide in low-voltage power
MOSFETs
- Number 1 worldwide in infrared
components
Passive Components
- Number 1 worldwide in wirewound and
other power resistors
- Number 1 worldwide in leaded film
resistors
- Number 1 worldwide in thin film SMD
resistors
- Number 1 worldwide in wet and
conformal-coated tantalum capacitors
- Number 1 worldwide in capacitors for
power electronics
GROWTH THROUGH
INNOVATIONS AND ACQUISITIONS
Subject was founded
in 1962 by Dr. Felix Zandman. It began operations with one technology that had
two product lines: foil resistors and foil resistance strain gages. In 1985,
having grown from a start-up into the world’s leading manufacturer of these
original products, the Company began an ongoing series of strategic
acquisitions to become a broadline manufacturer of electronic components. Today,
Vishay Intertechnology is one of the world’s largest manufacturers of discrete
semiconductors and passive electronic components.
As Vishay
transformed itself from a start-up company to a broad-line manufacturer of
electronic components, its two original product lines became non-core
businesses in terms of RandD, marketing, and sales. In October 2009, Vishay
announced its intention to spin off its non-core foil resistors and weighing
and measurement businesses into an independent company: Vishay Precision Group.
Subject acquisitions
include such top names as Siliconix, Telefunken, the infrared components
business of Infineon, General Semiconductor, Dale, Draloric, Sprague, Vitramon,
and BCcomponents (former passive components businesses of Philips Electronics
and Beyschlag). In 2007, Vishay acquired selected discrete semiconductor and
module product lines from International Rectifier®. Subsequent acquisitions
include a specialty tantalum capacitor product line from KEMET.
Subject components are
used in virtually all types of electronic devices and equipment, in the
industrial, computer, automotive, consumer, telecommunications, military,
aerospace, and medical markets. Vishay’s global footprint includes
manufacturing facilities in
Diverse Product
Portfolio
Subject has a
diverse portfolio of semiconductor and passive components, including diodes,
MOSFETs, optoelectronic products, selected integrated circuits (ICs),
resistors, inductors, and capacitors. This enables Vishay to provide “one-stop
shop” service and offer many different parts for each customer design.
R and D programs
throughout all Company divisions generate a steady stream of new components to
help designers create innovative end products — from lightweight netbooks to
implantable medical devices to advanced engine controls. Components less than
five years old provide a significant percentage of Vishay’s total revenue. This
percentage is expected to increase during the next several years.
Subject innovations
in technology, successful acquisition strategy, superior product quality, and
“one-stop shop” service to customers have made the Company a global industry
leader.
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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 |
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.