MIRA
INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
JACOBS ENGINEERING INDIA PRIVATE LIMITED |
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Registered Office : |
Jacobs House, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
22.12.1969 |
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Com. Reg. No.: |
11-14488 |
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Capital
Investment / Paid-up Capital : |
Rs.42.101
Millions |
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CIN No.: [Company
Identification No.] |
U74210MH1969PTC014488 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMJ08216F |
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PAN No.: [Permanent
Account No.] |
AAACH0456J |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Engineering, Design and Construction Services |
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No. of Employees : |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
A
(66) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 7775000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and a reputed company having fine track,
financial position of the company appears to be sound. Trade relations are reported
as fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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) |
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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 DECLINED BY
Management Non Co-Operative (Name
Not Disclose)
LOCATIONS
|
Registered Office : |
Jacobs House, |
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Tel. No.: |
91-22-28244873 / 26812681 |
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Mobile No.: |
91-22-28208295 |
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E-Mail : |
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Corporate Office : |
H and G House, Sector 11, Plot No.12, CBD Belapur, Navi Mumbai –
400614, |
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Tel. No.: |
91-22-2747/ 3046/ 3047 |
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Fax No.: |
91-22-2757 / 3049 |
DIRECTORS
AS ON 09.09.2010
|
Name : |
Mr. Rodney William Sharp |
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Designation : |
Director |
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Address : |
Jacobs House, |
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Date of Birth/Age : |
01.11.1949 |
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Date of Appointment : |
05.01.2007 |
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Name : |
Mr. Vijay Vyankatesh Para jape |
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Designation : |
Whole-time director |
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Address : |
402, Nova B, |
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Date of Birth/Age : |
24.05.1952 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Leja Satish Hattiangadi |
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Designation : |
Director |
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Address : |
2B, Bhartiya Bhavan, 17 road, Khar, Mumbai - 4000052 |
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Date of Birth/Age : |
18.03.1949 |
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Date of Appointment : |
09.12.2005 |
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Name : |
Mr. Tulsidas Bal Krishna Patel |
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Designation : |
Whole-time director |
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Address : |
7A, 15 Sonawala Building, Trardeo, Opposite |
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Date of Birth/Age : |
06.08.2004 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Kiran Dinanath Umrootkar |
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Designation : |
Director |
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Address : |
105, Manuel Church Veiw Pre CHS, 72-A Hill
N Sea Apartments, Bandra, Mumbai – 400050 |
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Date of Birth/Age : |
24.05.1947 |
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Date of Appointment : |
03.08.2006 |
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Name : |
Mr. Viplash Gandhi |
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Designation : |
Director |
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Address : |
Jacobs House, |
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Date of Birth/Age : |
21.02.1967 |
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Date of Appointment : |
22.01.2007 |
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Name : |
Mr. Arun Nilkanth Dravid |
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Designation : |
Director |
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Address : |
7, Ashley House, 109, |
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Date of Birth/Age : |
03.10.1943 |
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Date of Appointment : |
03.03.1989 |
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Name : |
Mr. Thomas Roy Hammond |
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Designation : |
Director |
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Address : |
1505, |
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Date of Birth/Age : |
17.07.1951 |
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Date of Appointment : |
16.01.2001 |
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Name : |
Mr. Christopher Edward Nagel |
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Designation : |
Additional director |
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Address : |
11, Nathan Road, 13-03, |
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Date of Birth/Age : |
24.06.1951 |
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Date of Appointment : |
14.07.2006 |
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Name : |
Mr. Subhash Narhar Deshpande |
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Designation : |
Director |
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Address : |
B 703/704, Ahimsa Enclave, |
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Date of Appointment : |
30.09-1998 |
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Date of Ceasing: |
30.04.2009 |
KEY EXECUTIVES
|
Name : |
Ms. Ranjana Shyam Saboo |
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Designation : |
Secretary |
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Address : |
Flat No. 601-602/4, Shubharambh Complex, |
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Date of Birth/Age : |
23.03.1981 |
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Date of Appointment : |
21.06.2006 |
MAJOR SHAREHOLDERS
AS ON 09.09.2010
|
Names of Shareholders |
Percentage of
Holding |
|
Jacobs Engineering U.K. Limited, |
1821606 |
|
Jacobs Engineering Inc., |
2388567 |
|
Total |
4210173 |
AS ON 09.09.2010
|
Equity Share Break up |
Percentage of
Holding |
|
Category |
|
|
Foreign holdings (Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or Ovedrseas
corporate bodies or Others |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Engineering, Design and Construction Services |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Indian Overseas
Bank 'Harikripa' 26-A,
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S R Batliboi and Associates Chartered Accountants |
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Address 1: |
6th Floor, |
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Tel. No.: |
91-22-22825000 |
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Fax No.: |
91-22-22826000 |
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Address 2: |
Jalan Mills Compound, 95 Ganpatrao KAdam Marg, Lower Parel, Mumbai
400013, |
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Holding Company: |
Jacobs Engineering Inc., |
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Subsidiary Company: |
HGC Constructors Private Limited (CIN – U45200MH1981PTC024767) |
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Associates: |
Jacobs Engineering Group Inc. |
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Fellow Subsidiaries: |
·
Jacobs Consultancy Canada Inc. ·
Jacobs UK Limited ·
Jacobs Zate ·
Jacobs DCSA Saudi Arabia Company Limited ·
Jacobs Puerto Rico Inc. ·
·
Jacobs International Holdings Inc. ·
Jacobs Canada Inc. ·
Jacobs Belgic NV ·
Jacobs ·
Jacobs France SAS ·
Jacobs Engineering UK Limited ·
Jacobs Singapore Private Limited ·
Jacobs Consultancy UK Limited ·
Jacobs Advisers Incorporation ·
Jacobs China Limited ·
Jacobs Engineering Ireland Limited |
CAPITAL STRUCTURE
AS ON 09.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4750000 |
Equity Share |
Rs.10/-each |
Rs. 47.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
4210173 |
Equity Share |
Rs.10/-each |
Rs.42.101
Millions |
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|
of the above shares
1821606 shares are
held by Jacobs Engineering UK. Limited,
2388567 shares are
held by Jacobs Engineering Inc. USA
2450000 shares were
allotted as fully paid up bonus shares by capitalization of General Reserve
amounting to Rs. 24.060 and Capital Reserve amounting to Rs. 0.439.
In the year
2006-07 the company bought back and extinguished 391433 equity shares.
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 |
42.101 |
42.101 |
42.101 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1901.651 |
1711.437 |
1212.510 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1943.752 |
1753.538 |
1254.611 |
|
|
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 |
0.416 |
9.340 |
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|
|
|
|
|
|
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TOTAL |
1943.752 |
1753.954 |
1263.951 |
|
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|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
621.054 |
603.494 |
602.272 |
|
|
Capital work-in-progress |
2.197 |
0.733 |
15.661 |
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|
|
|
|
|
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INVESTMENT |
0.122 |
0.120 |
0.272 |
|
|
DEFERREX TAX ASSETS |
2.229 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Sundry Debtors |
509.976
|
512.063
|
426.615 |
|
|
Cash & Bank Balances |
575.166
|
646.859
|
441.974 |
|
|
Other Current Assets |
460.447
|
552.116
|
420.433 |
|
|
Loans & Advances |
247.771
|
202.548
|
152.083 |
|
Total
Current Assets |
1793.360
|
1913.586
|
1441.105 |
|
|
Less : CURRENT LI |
|
|
|
|
|
|
Sundry Creditors |
245.115
|
289.461
|
|
|
|
Current Liabilities |
122.192
|
366.097
|
709.822 |
|
|
Provisions |
107.903
|
108.421
|
85.536 |
|
Total
Current Liabilities |
475.210
|
763.979
|
795.359 |
|
|
Net Current Assets |
131.815
|
1149.607
|
645.746 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1943.752 |
1753.954 |
1263.951 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
2637.768 |
3442.432 |
2595.335 |
|
|
|
Other Income |
0.000 |
83.590 |
48.657 |
|
|
|
TOTAL (A) |
2637.768 |
3526.022 |
2643.992 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees Remuneration and Benefits |
|
1671.417 |
1306.619 |
|
|
|
Operation and establishment expenses |
|
935.156 |
747.325 |
|
|
|
TOTAL (B) |
2364.376 |
2606.573 |
2053.944 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
273.392 |
919.449 |
590.048 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
10.840 |
0.027 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
273.392 |
908.609 |
590.021 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
93.881 |
89.234 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
273.392 |
814.728 |
500.787 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
83.179 |
315.801 |
190.801 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
190.213 |
498.927 |
309.986 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1066.936 |
617.009 |
334.523 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
19.000 |
49.000 |
27.500 |
|
|
BALANCE CARRIED
TO THE B/S |
1238.149 |
1066.936 |
617.009 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
45.18 |
118.51 |
73.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
7.21
|
14.00
|
11.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.36
|
23.67
|
19.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.32
|
32.37
|
24.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.46
|
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.24
|
0.44
|
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.77
|
2.50
|
2.23 |
LOCAL AGENCY FURTHER INFORMATION
OPERATION
Year the Prospects:
The Company earned
a profit before tax of Rs.
273.39 million for the year the compared Rs.814.72 million in the previous
year. The major decline of 66.44% was on account of decrease in throughput from
3.44 million hours for the year ended 31.03.2009 to 2.50 million hours for the
current year. Their export sales for the year ending 31.03.2010 decreased to
Rs. 1191.30 millions as compared to Rs. 1920.170 millions in the previous year
i.e. a decrease of 38% the remuneration and benefits of the employees decreased
from Rs. 1669.24 million to Rs. 1566.81 millions, a decrease of 6.14%.
The Directors wish
to report that the sales intake for the year under review was 2.40 million work
hours. Sales intake from the export marketing including Jacobs Group was 0.80
million work hours compared 1.13 million work hours in the previous year. Major
projects secured this, year include reside upgrade plant of Chennai petroleum
project destiny of GSK at sonepat, engineering services alliance for novartis, engineering
services to IOT for cavern project of Indian oil, at vizag, engineering
services to IOT for delayed coker revamp project of Indian oil at guwahati,
EPCM services for biological facility for Bio E, PMC services for coal
gasification plant of Jindal Steel and Power, EPCM services for n-butyl Lithium
dilution facility for chemical lu\ynas project in Malaysia, engineering
services to huertey for hydrogen plant of NIS in Serbia, engineering services
forsiirtec nigi for gas processing plat of gazprom in Russia, engineering
services for marico industries project at baddi and engineering services for
MAB project of biocon.
The company
perceives more prospects in the year ahead both locally as well as
internationally amidst heavy competition. The throughput in FY’11is expected to
be about 20% higher than in the past year.
Bankers Charges
Report as per Registry
|
Name of the company |
HUMPHREYS AND GLASGOW CONSULTANT PRIVATE LIMITED |
|
Presented By |
M. V. Vora –
Company Secretary |
|
1) Date and description of instrument creating the change |
Our Company
letter dated 27th June 1995 to Housing Development Finance
corporation Limited enclosing there in original Title Deeds i.e. four
original Letters of Allotment in respect of and situated at Sector 21, Nerul,
and New Bombay. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 36.500
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 |
Deposit of Title
Deeds in respect land at Sector 21,
Nerul, New Bombay, Covered under four plots nos. 187, 188, 195, 196 and
mortgage, if required, of properly to built on the above plots. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The principal sum
of Loan, interest, commitment charges due to Housing Development finance
Corporation Limited is secured by deposit of above mentioned Title Deeds and,
if necessary, mortgage of property to be financed and / or any other security
acceptable to Housing Development Finance Corporation Limited. |
|
5) Name and Address and description of the person entitled to the charge. |
Housing
Development Finance corporation Limited, Ramon House, 169, Backbay
Reclamation, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80039150 |
|
Corporate
identity number of the company |
U74210MH1969PTC014488 |
|
Name of the
company |
Jacobs
Engineering India Private Limited |
|
Address of the
registered office or of the principal place of business in |
Jacobs House
Ramakrishna Mandirrd, Kandivita, Andheri (E), Mumbai, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
INDIAN OVERSEAS
BANK, 'HARIKRIPA' 26-A, |
|
Nature of description
of the instrument creating or modifying the charge |
Letter of
Hypothecation (for securing Machineries / Vehicles / Goods / Book Debts) in
Form 110-E. |
|
Date of
instrument Creating the charge |
14/07/2008 |
|
Amount secured by
the charge |
Rs. 40.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
(a)Rate of Interest Commission:
Rs.100/- plus 0.60% p.a. plus Service Tax with a minimum commission for two
quarters. (b)Terms of Repayment Repayable on
demand. (c) Margin NIL (d) Extent and Operation of the charge The charge is to
operate as security for the due repayment of the credit facility of Rs.400
Millions together with interests, additional interests, costs, charges,
expenses and all other moneys payable by the Company to the Bank in terms of
sanction. (e)Others Facilities Existing Revised
Limit Limit (Rs.
in Millions)
----------- ------------ Letter of
Guarantee 200.000 400.000 Cash Credit 10.000 NIL Packing
Credit 10.000 NIL Demand Bill Purchase
(Foreign) 10.000 NIL Cheque
Purchase 5.000 NIL |
|
Short particulars
of the property charged |
Hypothecation, by
way of first charge, of all the company's : a) Assets such as
plant and machinery, furniture and fixtures, office equipments, computers,
vehicles and other assets. b) All the
Company's outstanding book debts. |
|
Date of latest
modification prior to the present modification |
02/11/2007 |
|
Particulars of
the present modification |
The Letter of Guarantee
limit secured by the charge has been enhanced from Rs.200.000 Millions to
Rs.400.000 Millions and all other limits such as Cash Credit limit, Packing
Credit limit, Demand Bill Purchase (Foreign) limit and Cheque Purchase limit
have been discontinued / cancelled. Thus, the total
amount secured by the charge stands at Rs.400.000 Millions. |
FORM 8
|
Corporate
identity number of the company |
U74210MH1969PTC014488 |
|
Name of the
company |
JACOBS ENGINEERING INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Jacobs House, |
|
This form is for |
Modification of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Indian Overseas
Bank 'Harikripa' 26-A,
Email: santabr@mummsco.iobnet.co.in |
|
Nature of
instrument creating charge |
Letter of
Hypothecation in F110E |
|
Date of
instrument Creating the charge |
11.10.2010 |
|
Amount secured by
the charge |
Rs. 500.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Commission:
Rs.100/- plus 0.60% p.a. plus Service Tax with a minimum commission for two
quarters. Terms of repayment Repayable on
Demand. Extent and operation of the charge The charge is to
operate as security for the Letter of Guarantee limit of Rs.500.000 millions
together with interests, additional interests, costs, charges, expenses and
all other moneys payable by the Company to the Bank in terms of sanction. |
|
Short particulars
of the property charged (Including location of the property) |
a) First charge on the assets of the Company
(Excluding land and buildings) such as plant and machinery, furniture and
fixtures, office equipment, computers, vehicles etc. b) Hypothecation of Book Debts. |
|
Date of
instrument modifying the charge |
14.07.2008 |
|
Particulars of
the present modification |
The amount secured
by the charge has been enhanced from Rs.400.000 millions to Rs.500.000
millions. Facility : ---------- Letter of
Guarantee - Rs.500.000 millions. |
FIXED ASSESTS
·
·
·
Leasehold Improvements
·
Buildings
·
Furniture and Fixtures
·
Plant and Machinery
·
Motar Vehicles
AS PER WEBSITE DETAILS
Subject is a group
company of Jacobs Engineering Group Inc, a Fortune 5 Operations in over 20 countries
with 44000 total staff strength. The Indian Operation is a mull Management,
engineering and construction management organization.
The Indian
Operation is a multi-disciplinary engineering organization fully integrated in
terms of expels techniques with Jacobs. They have an enviable track record of
execution of more than 350 projects in t refineries, petrochemicals, heavy
& fine chemicals, fertilizers, pharmaceuticals, foods, polymers, scythe'
intermediates, pesticides &agrochemicals and minerals. They have
engineering centers in Mumbai and
Currently, they
have two world class engineering centers in Mumbai, one in Andheri and the
other in Na' design groups in their engineering department, Civil &
Structural, Piping, Electrical, Instrument, Fabric Mechanical Equipment, which
with the Process engineering group provide specialized detailed engine Andheri
office, known as Jacobs House, is their corporate office for India. It as well
as the Navi Mum amenities required for engineering projects, such as networks,
PDS / PDMS work stations, IS systems to t standard, design and project
management software, video conferencing facility. Their office at
They also provide
purchasing, inspection, expediting and construction management services. They
are committed to providing the Clients with a competitive advantage through a
continuous process of in all areas of their performance. Such commitment is
evinced by their well established formalized Quality accredited with ISO
9001:2000. Their offices and field services have a strong focus on Safety and
their safety Content provided by JACOBS, Info Edge
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.44.91 |
|
|
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
66 |
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.