1. Summary Information
|
Country |
India |
||
|
Company Name |
Bombardier Transportation India Limited |
Principal Name 1 |
Mr. Marcel Cornelis Johannes Fassbender |
|
Status |
Moderate |
Principal Name 2 |
Mr. Olivier Jean Stephane Guitton |
|
Registration # |
55-74938 |
||
|
Street Address |
Unit No.11 to 21, Ground Floor, The Grand Hotel, The Grand Plaza,
Vasant Kunj, Phase – II, Nelson Mandela Road, New Delhi – 110070, India |
||
|
Established Date |
27.12.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-26180340/ 41 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-11-26186651 |
Business Style 2 |
Supply |
|
Homepage |
Product Name 1 |
Tap Changers |
|
|
# of employees |
Not Available |
Product Name 2 |
Transit Systems |
|
Paid up capital |
Rs.349,549,990/- |
Product Name 3 |
Mass Transit Systems. |
|
Shareholders |
Foreign holdings- 100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow
Subsidiary |
-- |
Bombardier Transportation Switzerland Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,912,163,000 |
Current Liabilities |
11,878,459,000 |
|
Inventories |
7,944,844,000 |
Long-term Liabilities |
891,744,000 |
|
Fixed Assets |
2,092,211,000 |
Other Liabilities |
527,031,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
13,297,234,000 |
|
Invest& other Assets |
163,844,000 |
Retained Earnings |
1,466,278,000 |
|
|
|
Net Worth |
1,815,828,000 |
|
Total Assets |
15,113,062,000 |
Total Liab. & Equity |
15,113,062,000 |
|
Total Assets (Previous Year) |
16,803,970,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
16,135,760,000 |
Net Profit |
(732,036,000) |
|
Sales(Previous yr) |
15,013,891,000 |
Net Profit(Prev.yr) |
61,722,000 |
MIRA INFORM REPORT
|
Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BOMBARDIER TRANSPORTATION INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
ABB DAIMLER-BENZ TRANSPORTATION ( |
|
|
|
|
Registered
Office : |
Unit No.11 to 21, Ground Floor, The Grand Hotel, The Grand Plaza, Vasant
Kunj, Phase – II, Nelson Mandela Road, New Delhi – 110070 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.12.1995 |
|
|
|
|
Com. Reg. No.: |
55-74938 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.349.550
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC074938 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB04764E/ DELB04749D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA5584C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing / Supply of Tap
Changers, Dbtf Breakers and Signaling Systems to Railway and to Provide Consultancy
for Rail Systems, Transit Systems and Mass Transit Systems. |
|
|
|
|
No. of Employees
: |
Not Available |
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 7300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
latest financials of the company are not made available. As per previous year’s record, the company has incurred loss from its
operations. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be unknown. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Unit No.11 to 21, Ground Floor, The Grand Hotel, The Grand Plaza,
Vasant Kunj, Phase – II, Nelson Mandela Road, New Delhi – 110070, India |
|
Tel. No.: |
91-11-26180340/ 41 |
|
Fax No.: |
91-11-26186651 |
|
E-Mail : |
mukesh_agarwal3@rediffmail.com |
|
Website : |
|
|
|
|
|
Factory 1: |
724, GIDC Industrial Estate, Phase III, Savli, Vadodara – 390013, |
|
Tel. No.: |
91-265-2353068 |
|
|
|
|
Factory 2/ Warehouse : |
|
|
Tel. No.: |
91-265-2648761/ 762/ 2638953 |
|
Fax No.: |
91-265-2649669/ 2638951 |
|
|
|
|
Factory 3 : |
Brown Boveri House, Race Course Circle, Vadodara – 390007, Gujarat, India |
|
Tel. No. : |
91-265-2353068 |
|
Fax No. : |
91-265-2355891 |
DIRECTORS
(AS ON 05.06.2012)
|
Name : |
Mr. Marcel Cornelis Johannes Fassbender |
||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
Scharfschwerdt Strasse, 39-A, D – 16540,
Hohen Neuendorf |
||||||||||||||||||
|
Date of
Birth/Age : |
01.12.1971 |
||||||||||||||||||
|
Date of
Appointment : |
29.09.2008 |
||||||||||||||||||
|
Din No.: |
02364781 |
||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Olivier Jean Stephane Guitton |
||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
Bombardier |
||||||||||||||||||
|
Date of
Birth/Age : |
02.08.1967 |
||||||||||||||||||
|
Date of
Appointment : |
29.09.2008 |
||||||||||||||||||
|
Din No.: |
02349378 |
||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Benoit Jean Rene Cattin |
||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||
|
Address : |
60 Rue De Provence Paris, France – 75009 |
||||||||||||||||||
|
Date of
Birth/Age : |
09.07.1968 |
||||||||||||||||||
|
Date of
Appointment : |
27.09.2011 |
||||||||||||||||||
|
Din No.: |
03592256 |
||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Dilipsinh Prabhatsinh Jadeja |
||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||
|
Address : |
501, Pavanveer Flats, Opposite General
Post Office 33D, Pratapgu NJ, Vadodara – 390002, Gujarat, India |
||||||||||||||||||
|
Date of
Birth/Age : |
15.05.1966 |
||||||||||||||||||
|
Date of
Appointment : |
27.09.2011 |
||||||||||||||||||
|
Din no.: |
03589440 |
||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Harsh Dhingra |
||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||
|
Address : |
HIG Flats, 56C, Navyug Adarsh Apartment FB
Lock Vikaspuri, New Delhi – 110018, Delhi, India |
||||||||||||||||||
|
Date of
Birth/Age : |
02.07.1961 |
||||||||||||||||||
|
Date of
Appointment : |
27.09.2011 |
||||||||||||||||||
|
Din No.: |
03586283 |
||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Arun Kumar Gupta |
|
Designation : |
Secretary |
|
Address : |
B-3/3, |
|
Date of Birth/Age : |
10.11.1966 |
|
Date of Appointment : |
23.09.2010 |
|
PAN No.: |
AAQPG0702K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 05.06.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Bombardier Transportation Capital Holding Netherlands SE, Netherland |
|
1 |
|
Bombardier Transportation Global Holding SE, Netherland |
|
1 |
|
Bourdon Sylvie |
|
1 |
|
Brodeur Banerjea Nicolas |
|
1 |
|
Martel Cattin Benoit |
|
1 |
|
Hvid Kehler Tine |
|
1 |
|
Bombardier Transportation (Holdings) Singapore Pte Limited, Singapore |
|
81808147 |
|
Vineet Bansal |
|
1 |
|
|
|
|
|
Total |
|
81808154 |
(AS ON 19.07.2012)
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Bombardier Transportation (Holding) Singapore Pte. Limited, Singapore |
|
17375800 |
|
|
|
|
|
Total |
|
17375800 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing / Supply of Tap
Changers, Dbtf Breakers and Signaling Systems to Railway and to Provide
Consultancy for Rail Systems, Transit Systems and Mass Transit Systems. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· State Bank of India Industrial Finance Branch, Vadodara, Gujarat, India ·
Hong Kong and Shanghai Banking Corporation |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Associates Chartered Accountants |
|
Address : |
6th Floor,
HT House, 18-20, Kasturb Gandhi Marg, |
|
Tel. No.: |
91-11-43633000 |
|
Fax No.: |
91-11-43633200 |
|
|
|
|
Holding/ Ultimate Company (As on 31.12.2010) : |
·
Bombardier Transportation ·
Bombardier Inc., |
|
|
|
|
Fellow Subsidiaries (As on 31.12.2010) : |
·
Bombardier Transportation Switzerland Limited ·
Bombardier Transportation ·
Bombardier Transportation ·
Bombardier Transportation UK Limited ·
Bombardier Transportation Inc., ·
Bombardier Transportation ·
Bombardier Transportation Australia Pty. Limited ·
Bombardier Transportation Canada Inc. ·
Bombardier Transportation ·
Bombardier Transportation Polska SP. ·
Bombardier Transportation Railway Equipment ( ·
Bombardier ( ·
Bombardier Transportation Sig (Th) Limited ·
Bombardier Mass Transit Corporation ·
Bombardier Corporate Financial Services ·
Bombardier Transportation ·
Bombardier Transportation ( ·
Bombardier Transportation ·
Bombardier Transportation ·
Bombardier Aerospace Canada Inc. ·
Bombardier Transportation Railway ·
Bombardier Transportation |
CAPITAL STRUCTURE
AS ON 05.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360000000 |
Equity Shares |
Rs.10/- each |
Rs.3600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99183954 |
Equity Shares |
Rs.10/- each |
Rs.991.840 Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34954999 |
Equity Shares |
Rs.10/- each |
Rs.349.550
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
349.550 |
349.550 |
349.550 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1466.278 |
2198.314 |
2136.592 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1815.828 |
2547.864 |
2486.142 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
891.744 |
899.557 |
0.000 |
|
|
TOTAL BORROWING |
891.744 |
899.557 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2707.572 |
3447.421 |
2486.142 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2092.211 |
2212.606 |
1230.638 |
|
|
Capital work-in-progress |
163.844 |
186.173 |
620.626 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
128.400 |
180.062 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7944.844
|
8762.295
|
1762.458
|
|
|
Sundry Debtors |
881.264
|
1328.602
|
516.096
|
|
|
Cash & Bank Balances |
1502.814
|
2789.948
|
1085.451
|
|
|
Other Current Assets |
580.415
|
25.731
|
303.622
|
|
|
Loans & Advances |
1947.670
|
1370.215
|
678.120
|
|
Total
Current Assets |
12857.007
|
14276.791
|
4345.747
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7936.681
|
6693.659
|
1979.740
|
|
|
Other Current Liabilities |
3941.778
|
6156.399
|
1587.289
|
|
|
Provisions |
527.031
|
506.491
|
323.902
|
|
Total
Current Liabilities |
12405.490
|
13356.549
|
3890.931
|
|
|
Net Current Assets |
451.517
|
920.242
|
454.816 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2707.572 |
3447.421 |
2486.142 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
16135.760 |
15013.891 |
2573.773 |
|
|
|
Other Income |
114.868 |
847.631 |
176.737 |
|
|
|
TOTAL (A) |
16250.628 |
15861.522 |
2750.510 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Materials and Components and
Services |
|
12259.947 |
1308.185 |
|
|
|
Personnel Expenses |
|
1018.864 |
341.227 |
|
|
|
Operating and Other expenses |
|
2227.596 |
1158.384 |
|
|
|
TOTAL (B) |
16511.121 |
15506.407 |
2807.796 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(260.493) |
355.115 |
(57.286) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
57.870 |
33.882 |
2.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(318.363) |
321.233 |
(59.662) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
285.987 |
227.523 |
66.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(604.350) |
93.710 |
(125.839) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
127.686 |
31.988 |
(27.267) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(732.036) |
61.722 |
(98.572) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2192.290 |
2130.568 |
2229.140 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
2192.290 |
2130.568 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(20.94) |
1.77 |
(2.82) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(4.50) |
0.39
|
(3.58)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.74) |
0.62
|
(4.89)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.04) |
0.57
|
(2.26)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.33) |
0.04
|
(0.05)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.32 |
5.59
|
1.57
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.07
|
1.12
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
32] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FIXED ASSETS:
·
·
·
Building
·
Leasehold
Improvements
·
Plant and
Machinery
·
Furniture and
Fittings
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.