MIRA
INFORM REPORT
|
Report Date : |
19.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANMINA-SCI INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No. OZ-1, SIPCOT Hi-Tech SEZ, Oragadam, Sriperumbudur Taluk, Kancheepura
District, Oragadam-602 105, Tamilnadu |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
01.02.2002 |
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Com. Reg. No.: |
18-048391 |
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Capital
Investment / Paid-up Capital : |
Rs.696.058 Millions |
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CIN No.: [Company Identification
No.] |
U30007TN2002PTC048391 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is a leading contract manufacturer serving the fastest-growing
segments of the global Electronics Manufacturing Services (EMS) market. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 5000000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
appears to be low. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
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 |
LOCATIONS
|
Registered Office : |
Plot No. OZ-1, SIPCOT Hi-Tech SEZ, Oragadam, Sriperumbudur Taluk,
Kancheepura District, Oragadam-602 105, |
|
Tel. No.: |
91–44–5222 8888/37196071/37196230 |
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Fax No.: |
91–44–5222 8880/37196060 |
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E-Mail : |
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Website : |
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Factory : |
A-51, 2nd Avenue Anna Nagar East, Chennai – 600102,
Tamilnadu, India |
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Tel. No.: |
91-44-42228989/42228888 |
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Locations: |
Design and JDM ·
·
·
·
·
·
·
Ma'alot, ·
·
·
·
·
PCB Fabrication ·
·
Kuching, ·
·
·
·
·
Backplanes ·
·
·
·
·
·
Cables ·
·
·
·
Enclosures ·
·
·
·
·
·
·
·
·
·
·
·
·
Memory Modules ·
Rancho Optical
Solutions ·
·
·
·
PCBA and System
Assembly ·
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·
·
·
·
·
Fountain, ·
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·
·
·
·
·
·
·
Ma'alot, ·
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·
·
·
·
·
·
·
·
Precision
Machining ·
·
·
·
Ma'alot, ·
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·
Logistics/Post-Manufacturing
Repair and Warranty ·
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·
·
·
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Ma'alot, ·
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New Product
Introduction ·
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Fountain, ·
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·
Ma'alot, ·
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·
·
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·
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·
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·
·
·
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·
·
·
·
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DIRECTORS
As on 15.12.2011
|
Name : |
Mr. Muthu Sivan Mookan |
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Designation : |
Managing Director |
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Address : |
Door No. 24, Guruswamy Road, Chetpet, Chennai – 600031, Tamilnadu,
India |
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Date of Birth/Age : |
15.06.1969 |
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Date of Appointment : |
07.01.2011 |
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DIN No.: |
03431761 |
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Other
Directorship:
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Name : |
Mr. Todd Blake Schull |
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Designation : |
Director |
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Address : |
7913, |
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Date of Birth/Age : |
29.07.1958 |
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Date of Appointment : |
02.04.2009 |
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DIN No.: |
02623343 |
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Name : |
Mr. Christopher Kaveh Sadeghian |
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Designation : |
Director |
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Address : |
66, Dos Rios Place, San Ramon, CA
- 94583, United States of America |
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Date of Birth/Age : |
19.05.1966 |
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Date of Appointment : |
02.04.2009 |
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DIN No.: |
02623713 |
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KEY EXECUTIVES
|
Name : |
Mr. K Suganyaa |
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Designation : |
Secretary |
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Address : |
8 Saint Mary Street, Nehruille Nagar, Lawspet, Pondicherry – 605008,
India |
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Date of Birth/Age : |
23.05.1984 |
|
Date of Appointment : |
06.09.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.12.2011
|
Names of Shareholders |
|
No. of Shares |
|
AET Holdings Limited, |
|
490000 |
|
Sanmina – SCI Systems Singapore Private Limited, |
|
69115800 |
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|
|
|
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Total |
|
69605800 |
Equity Share Break up (Percentage of Total Equity)
As on 15.12.2011
|
Category |
Percentage |
|
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 : |
Subject is a leading contract manufacturer serving the fastest-growing
segments of the global Electronics Manufacturing Services (EMS) market. |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Printed Circuit Boards |
Qty |
626,180 |
Note:
The Company is not required to obtain a manufacturing License, hence details of licensed Capacity are not disclosed. Installed Capacity is not quantifiable for the nature of the business of the company.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
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Address : |
KPMG House No.10, Mahatam Gandhi Road, Nungambakkam Chennai - 600 034,
Tamilnadu, India |
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Tel No.: |
91-44-39145000 |
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Fax No.: |
91-44-39145899 |
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E-Mail : |
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PAN.: |
AAAFB9852F |
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Ultimate Parent Company: |
Sanmina-SCI Corporation, |
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Holding Company : |
·
Sanmina-SCI Systems Singapore Pte Limited,
Singapore ·
AET Holdings Limited, Mauritius ·
Sanmina-SCI Technology India Private Limited ·
Sanmina - SCI Systems Holdings Incorporated, USA ·
Sanmina-SCI Systems (Malaysia) Sdn Bhd ·
Sanmina-SCI (PLT1337) ·
Sanmina-SCI Circuits (Wuxi) Company Limited ·
Sanmina-SCI Corporation (M) Sdn Bhd ·
Sanmina-SCI Do Brasil Integration Limited |
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|
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Fellow Subsidiaries : |
·
Sanmina-SCI EMS Haukipudas Oy ·
Sanmina-SCI Germany Gmbh ·
Sanmina-SCI Hungary Em Limited ·
Sanmina-SCI Israel ·
Sanmina-SCI Systems (Kunshan) Company Limited ·
Sanmina-SCI Systems (Thailand) Limited ·
Sanmina-SCI Systems De Mexico SA De CV ·
Sanmina-SCI Systems Tel-Aviv ·
Sanmina-SCI WMI, USA ·
Sanmina-SCI (Shenzhen) Limited |
CAPITAL STRUCTURE
As on 15.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
158183257 |
Equity Shares |
Rs.10/- each |
Rs.1581.832 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
142789057 |
Equity Shares |
Rs.10/- each |
Rs.1427.890
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
158183257 |
Equity Shares |
Rs.10/- each |
Rs.1581.832 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
69605800 |
Equity Shares |
Rs.10/- each |
Rs.696.058
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 15 Months |
31.12.2008 15 Months |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
696.058 |
510.460 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
577.984 |
18.925 |
71.983 |
|
|
4] (Accumulated Losses) |
0.000 |
(55.999) |
0.000 |
|
|
NETWORTH |
1274.042 |
473.386 |
76.983 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1425.560 |
36.301 |
38.272 |
|
|
TOTAL BORROWING |
1425.560 |
36.301 |
38.272 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
Equity share capital pending allotment |
1778.148 |
731.832 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
4477.750 |
1241.519 |
115.255 |
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
1171.030 |
621.479 |
8.200 |
|
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Capital work-in-progress |
8.612 |
27.986 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
1.895 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2171.757
|
1483.179
|
0.000
|
|
|
Sundry Debtors |
2865.053
|
1015.004
|
47.602
|
|
|
Cash & Bank Balances |
723.864
|
224.190
|
56.655
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
230.797
|
26.728
|
14.562
|
|
Total
Current Assets |
5991.471
|
2749.101
|
118.819
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2664.642
|
2114.557
|
6.059
|
|
|
Other Current Liabilities |
20.612
|
15.214
|
2.025
|
|
|
Provisions |
8.109
|
27.276
|
5.575
|
|
Total
Current Liabilities |
2693.363
|
2157.047
|
13.659
|
|
|
Net Current Assets |
3298.108
|
592.054
|
105.160
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4477.750 |
1241.519 |
115.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 15 Months |
31.12.2008 15 Months |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
15571.870 |
6233.800 |
0.000 |
|
|
|
Income from Services |
0.000 |
234.117 |
223.681 |
|
|
|
Other Income |
306.138 |
101.112 |
0.000 |
|
|
|
TOTAL (A) |
15878.008 |
6569.029 |
223.681 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Costs |
|
5425.953 |
0.000 |
|
|
|
Employee Costs |
|
354.501 |
142.831 |
|
|
|
Operating, Administrative and other Expenses |
|
607.380 |
38.681 |
|
|
|
TOTAL (B) |
14951.892 |
6387.834 |
181.512 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
926.116 |
181.195 |
42.169 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.333 |
7.045 |
0.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
898.783 |
174.150 |
41.358 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
283.724 |
162.079 |
6.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
615.059 |
12.071 |
34.634 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
1.451 |
0.576 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
615.059 |
10.620 |
34.057 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(55.999) |
71.983 |
37.926 |
|
|
|
|
|
|
|
|
|
|
Adjustment
arising on vesting of manufacturing undertaking. |
0.000 |
(138.602) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
559.060 |
(55.999) |
71.983 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales |
|
6218.591 |
0.000 |
|
|
|
Income from service |
15560.683 |
234.117 |
223.681 |
|
|
TOTAL EARNINGS |
|
6452.708 |
223.681 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
6535.269 |
NA |
|
|
|
Capital Assets |
NA |
232.091 |
NA |
|
|
TOTAL IMPORTS |
NA |
6767.360 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.84 |
0.07 |
68.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 15 Months |
31.12.2008 15 Months |
|
PAT / Total Income |
(%) |
3.87
|
0.16
|
15.23
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.94
|
0.19
|
15.48
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.27
|
0.44
|
29.15
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48
|
0.02
|
0.45
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.11
|
4.63
|
0.67
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11
|
1.27
|
8.70
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
-- |
|
23) Banking Details |
No |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
Note:
The Registered office of the company has been shifted from Door No. Old A-6,
New: A-51, Plot No. 90, II Avenue, Annanagar, Chennai-600102, Tamilnadu, India
to present address w.e.f. 01.12.2009
Fixed Assets:
·
Computer and Peripherals
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
Leasehold Improvements
AS PER Website details:
COMPANY PROFILE
Sanmina-SCI makes some of the most complex and valuable electronic and
mechanical products in the world. Sanmina-SCI not only focuses on engineering
and fabricating complex components, but also on providing complete end-to-end
supply chain solutions to Original Equipment Manufacturers (OEMs). With a
global footprint to efficiently compete in today’s marketplace, Sanmina-SCI is
a premier technology and most advanced global supply chain solution partner to
accomplish your vision.
Quick facts about
Sanmina-SCI:
- Founded in Silicon Valley in 1980 as
Sanmina
- Merged with SCI Systems (Space Craft
Incorporated) in 2001, becoming Sanmina-SCI
- Corporate headquarters are in San Jose,
California
- Jure Sola is co-founder, CEO and Chairman
of the Board
- One of the world’s largest EMS
companies, with revenue totaling USD $6.6 billion for fiscal year 2011
- Publicly traded under NASDAQ ticker
symbol: SANM
- Approximately 45,000 employees
worldwide
- Global operations in 18 countries on
four continents
They strive to
exceed customer expectations in quality, delivery, reliability and service as
we build a productive relationship based on exceptional customer satisfaction.
Because what we make, makes a difference.
PRESS RELEASES
Sanmina-SCI And
Adacel Enter Into Exclusive Marketing Agreement For Embedded Speech Recognition
System (eSRS)
New Products Will
Enhance Communications and Improve Safety in Military Aircraft and Vehicles
SAN JOSE, Calif., June 14, 2012 /PRNewswire via COMTEX/ -- Sanmina-SCI Corporation SANM +2.64% , a leading manufacturing and engineering company making some of the world's most complex and innovative optical, electronic and mechanical products, today announced that its Defense and Aerospace Division and Adacel Systems, Inc. (asx:ADA) have entered into an exclusive marketing agreement for a Linux-based version of Adacel's embedded Speech Recognition System (eSRS). This system will be at the heart of Sanmina-SCI's Voice Initiated Command Execution (VICE(TM)) system.
VICE is designed to minimize distractions and help eliminate "heads-down in the cockpit" situations, allowing the operator to focus on the mission. The command recognition system provides users with a rapid means of executing commands as a supplement to existing hand-entered and/or menu-driven methods. The software provides direct access to system functions, while allowing the operator heads-up awareness of the situation experienced by the aircraft, vehicle or workstation. VICE is targeted for installation in aircraft, ground vehicles, Tactical Operations Centers (TOC)/Command Posts (CP), and various user workstations, where enhanced situational awareness or reduced operator workload is desired.
"Crew members spend a significant portion of their time manipulating flight management and communication systems, and voice recognition technology provides direct access to most of these system functions without removing hands from the vehicle's controls," said Mike Underwood, President of Sanmina-SCI's Defense and Aerospace Systems Division. "Adacel's eSRS engine is the industry leader in speech recognition, and we're excited to team up with this organization to provide mission-critical capabilities to our armed forces. Combining eSRS with our product design, VICE will allow users to quickly and consistently execute commands, such as changing radio frequencies, with just a simple phrase. We believe this will be a standard capability for aircraft and ground vehicle systems in the future."
"Adacel is proud to enter into this exclusive marketing agreement with Sanmina-SCI to help solve many of the challenges users face in today's technology-rich cockpits. Adacel's proven speech technologies, captured in eSRS, will significantly ease pilot and crew workload, improving flight safety and ensuring mission success," said Jeff Tyrcha, Adacel's Senior Vice President of Business Development.
Adacel's speech recognition solution is currently used on the Lockheed Martin F-35 Joint Strike Fighter, as well as the Aermacchi M-346 Master. Sanmina-SCI's Defense and Aerospace Systems Division is developing the initial VICE system for the Boeing AH-64D Apache Block III helicopter.
About Sanmina-SCI
Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering superior quality and support to OEMs primarily in the communications, defense and aerospace, industrial and semiconductor systems, medical, multimedia, enterprise computing and storage, automotive and clean technology sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world.
About Adacel Systems, Inc.
Adacel Systems, Inc. of Orlando, Florida is a leading developer of advanced simulation and control systems for aviation and defense. The company operates in the Global Aerospace Systems market including Operational Air Traffic Management, Airport and Air Traffic Control Training, and Airborne Vehicle Systems.
Sanmina-SCI Safe Harbor Statement
The foregoing, including the discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales principal customers, the ability of Sanmina-SCI to effectively assimilate acquired businesses and achieve the anticipated benefits of its acquisitions, and competition and technological change. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in our Company's Annual and quarterly reports filed with the Securities Exchange Commission.
eSolar partners with
Sanmina-SCI to globalize CSP manufacturing
May 22, 2012, eSolar’s approach to concentrated solar power (CSP) just got a boost with from Sanmina-SCI. The company is working with eSolar to design and manufacture its unique solar thermal tower systems.
Unlike most solar thermal towers, designed to provide hundreds of megawatts of power, eSolar’s towers are smaller, at 4 megawatts. But the company, who’s partners include GE, puts many of the towers.
The new partnership with Sanmina will help the company gain access to the international market. “Sanmina-SCI is providing both design engineering services and system level manufacturing. eSolar will leverage Sanmina-SCI’s vertical integration capabilities for EMS, PCB, cables, enclosures, and design service,” said Tom Clawson, Executive VP of Quality and Operational Excellence, Sanmina-SCI. “Because of our global footprint we can source local content worldwide to optimize their products for manufacturability, scalability and cost-efficiency and meet regional compliance requirements.”
Sanmina also is working with eSolar to make its system better, according to Clawson. “Sanmina-SCI’s design team is working with eSolar’s design team on product reliability, cost mitigation and manufacturability for high volume production,” he said. “We are focused at all levels of the overall system from components to system level. Our team will design some of the key building blocks for eSolar's modular and scalable utility projects, and help bring online more large-scale solar projects.”
It’s not Sanmina’s first foray into solar or renewable
energy. “We’ve been providing design and manufacturing services for the global
renewable energy market for over five years. Just in the last 18 months we’ve
entered into agreements with eSolar,
Satcon, Emerson, Santerno, KACO and Sparq to bring commercial and consumer
solar products to market,”
Sanmina sees itself as a partner to the industry. “We are committed to helping the clean technology sector grow to its full potential and have made significant investments in related technologies such as optical components to support this effort. Partnering with leading-edge companies like these to introduce innovative new products to market is important to Sanmina-SCI’s overall clean technology strategy,” Clawson said.
The companies are already working on introducing eSolar’s next generation of products. They’re looking to develop such products primarily in North African and the Middle East, which includes India, Turkey and Saudi Arabia, according to Clawson.
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.55.59 |
|
|
1 |
Rs.87.34 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
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 |
|
28 |
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.