MIRA
INFORM REPORT
|
Report Date : |
01.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ELCOME TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
9th Floor, Great Eastern Summit “A”, Plot No.56, Sector No.15,
C.B.D. Belapur, Navi Mumbai – 400614, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
01.07.1998 |
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Com. Reg. No.: |
11-115600 |
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Capital
Investment / Paid-up Capital : |
Rs.60.000 Millions |
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CIN No.: [Company Identification
No.] |
U32200MH1998PTC115600 |
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IEC No.: |
0598031448 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUME03206A /
DELE01744B |
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PAN No.: [Permanent Account No.] |
AAACE7023Q |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Providing integrated products and solution. |
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No. of Employees
: |
124 (Approximately) (Office – 102 and Factory – 22) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered for normal business dealing 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 – 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 |
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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 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Girish Jain |
|
Designation : |
Manager – Business Development |
|
Contact No.: |
91-9810955787 |
|
Date : |
31.10.2012 |
LOCATIONS
|
Registered Office : |
9th Floor, Great Eastern Summit “A”, Plot No.56, Sector
No.15, C.B.D. Belapur, Navi Mumbai – 400614, Maharashtra, India |
|
Tel. No.: |
91-22-67618000 |
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Fax No.: |
91-22-67124694 |
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E-Mail : |
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Website : |
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Area : |
15000 Sq. ft. |
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Location : |
Rented |
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Head Office/ Service Center/ Factory : |
“Elcome House”, A-6, Infocity, Sector – 34, Gurgaon - 122002, Haryana,
India |
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Tel. No.: |
91-124-4122222 |
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Fax No.: |
91-124-4122200 |
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Email : |
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Location : |
Rented |
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Godown : |
A-09, 1st Floor, Sector-65, Noida - 201301, Uttar Pradesh, India |
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Email : |
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3-12-76/1, Ground Floor, Madhura Arcade, Mansurabad L B Nagar Ring
Road, Hyderabad – 500068, Andhra Pradesh, India |
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Tel. No.: |
91-40-24222305/06 |
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Fax No.: |
91-40-24222307 |
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S-7, Water Tank Road, MMDA Colony, Arumbakkam, Chennai – 600106,
Tamilnadu, India |
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Tel. No.: |
91-44-23630143 |
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Fax No.: |
91-44-23630144 |
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Branch Office : |
Located at: ·
Hyderabad
·
Chennai
·
Moga ·
Kolkata ·
Mumbai ·
Navi
Mumbai ·
Ahmedabad ·
Dehradun ·
Bangalore ·
Trivendrum ·
Bilaspur
·
Baroda
·
Bhopal
·
Noida
· Patna |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Ajay Kumar Seth |
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Designation : |
Managing Director |
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Address : |
4/203, Malibu Condo, Miniums Mali Bu Town, Gurgaon – 122002, Haryana,
India |
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Date of Birth/Age : |
28.05.1952 |
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Qualification : |
M. Tech and MBA |
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Experience : |
36 years |
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Date of Appointment : |
30.09.2003 |
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DIN No.: |
01852371 |
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Other Directorship : |
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Name : |
Mr. Norbert Hermann Hanke |
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Designation : |
Additional Director |
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|
Address : |
Braunfels, Gerichtsstrasse, 35A, Braunfels Pin - 35619 |
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Date of Birth/Age : |
13.01.1962 |
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Date of Appointment : |
10.01.2008 |
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DIN No.: |
01805786 |
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Other Directorship : |
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Name : |
Mr. Jurgen Hermann Dr Dold |
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Designation : |
Additional Director |
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Address : |
Hubelrin 9, Sempach 6204, Switzerland |
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Date of Appointment : |
16.03.2011 |
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DIN No.: |
03503100 |
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KEY EXECUTIVES
|
Name : |
Mr. Girish Jain |
|
Designation : |
Manager – Business Development |
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Name : |
Mr. S. Chakraborty |
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Designation : |
Deputy General Nagar |
|
Address : |
A-06, Infocity, Sector – 34, Gurgaon – 122002, Haryana, India |
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Tel No.: |
91-124-4122222 |
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Fax No.: |
91-124-4122200 |
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Email : |
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|
Name : |
Mr. Lingeshwar |
|
Designation : |
Service Engineer |
|
Address : |
# 3-12-76/1, Ground Floor, Madhura Arcade, Mansurabad, L B Nagar Ring
Road, Hyderabad – 500068, Andhra Pradesh, India |
|
Email : |
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|
Name : |
Mr. Suresh B. |
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Designation : |
Service
Engineer |
|
Address : |
S-7, Ground Floor, Water Tank Road, MMDA Colony, Arumumpakkam, Chennai - 600106, Tamil Nadu, India |
|
Tel No.: |
91-44-23630143/
23630144 |
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Email : |
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|
Name : |
Mr. Pushkar Vyas |
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Designation : |
Service Engineer |
|
Address : |
Unit No.06 (Ground Floor), Raheja Arcade, Plot No.61, Sector-11, CBD Belapur, Navi Mumbai – 400614, Maharashtra, India |
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Tel No.: |
91-22-27563511/3512/0109/13 |
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Fax No.: |
91-22-27563515 |
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Email : |
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|
Name : |
Mr. Abhinav Kumar |
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Designation : |
Service Engineer |
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Address : |
First Floor
135-B , New Grain Market, Moga - 142001, Punjab, India |
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Tel No.: |
91-13626-237250 |
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Email : |
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|
Name : |
Mr. Kaushik Patra, |
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Designation : |
Service Engineer |
|
Address : |
IB-151, 2nd Floor, Sector-III, Salt Lake, Kolkata - 700106, West Bengal, India |
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Tel No.: |
91-33-32946792, 2335 3697 |
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Email : |
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|
Name : |
Mr.
Rajbur Singh |
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Designation : |
Senior
Service Engineer |
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|
Name : |
Mr.
Rakesh Babu |
|
Designation : |
Senior
Service Engineer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
A G Geo Systems Leica, Switzerland |
|
5999990 |
|
Holdigs Geo Systems Leica, The Netherland |
|
10 |
|
|
|
|
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Total |
|
6000000 |
(AS ON 30.09.2011)
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 : |
Providing integrated products and solution. |
|
|
|
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Imports : |
|
|
Products : |
Leica Products |
|
Countries : |
Switzerland |
|
|
|
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Terms : |
|
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Selling : |
L/C, Credit (30 days) |
|
|
|
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Purchasing : |
L/C, Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|
|
|
|
No. of Employees : |
124 (Approximately) (Office – 102 and Factory – 22) |
|
|
|
|
Bankers : |
· The Royal Bank of Scotland N.V. Hansalaya Building, 15 Barakhamba Road, New Delhi – 110001, India · ICICI Bank DLF City Gurgaon Branch, K-6,7 and 12, DLF Qutab Plaza, DLF City Phase
– 1, Gurgaon – 122002, Haryana, India · State Bank of India C-30, DDA Shopping Complex, Defence Colony, New Delhi – 110024, India · ING Vysya Bank · ABN Amro Bank N.V 7th Floor, Sakhar Bhavan, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
|
|
|
Facilities : |
Credit Limit: Rs.200.000 Millions from The Royal Bank of Scotland N.V.
Credit Limit: Rs.120.000 Million from ICICI Bank Credit Limit: Rs.40.000 Millions from State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Basu Kumar and Associates Chartered Accountants |
|
Address : |
229, Jorbagh, New Delhi – 110003, India |
|
Tel. No.: |
91-11-41851073/ 24617716 |
|
E-Mail : |
|
|
|
|
|
Name : |
Dubey Prabhu and Associates Chartered Accountants |
|
Address : |
B-6, Saraswati
Co-op Housing Society Limited, N G Acharya Marg, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Tel. No.: |
91-22-22002380 |
|
PAN No.: |
AADFD3812A |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
60.000 |
60.000 |
60.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
323.134 |
236.341 |
179.947 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
383.134 |
296.341 |
239.947 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
1.034 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
1.034 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
383.134 |
296.341 |
240.981 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.262 |
13.401 |
9.535 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.237 |
1.237 |
1.237 |
|
|
DEFERREX TAX ASSETS |
7.055 |
5.874 |
8.922 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
229.886
|
408.829 |
143.103 |
|
|
Sundry Debtors |
705.905
|
521.940 |
228.571 |
|
|
Cash & Bank Balances |
230.136
|
41.140 |
2.993 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
65.531
|
55.113 |
135.881 |
|
Total
Current Assets |
1231.458
|
1027.022 |
510.548 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
749.478
|
408.622 |
148.629 |
|
|
Other Current Liabilities |
88.622
|
312.096 |
35.473 |
|
|
Provisions |
34.778
|
30.475 |
105.159 |
|
Total
Current Liabilities |
872.878
|
751.193 |
289.261 |
|
|
Net Current Assets |
358.580
|
275.829 |
221.287 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
383.134 |
296.341 |
240.981 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1427.689 |
955.147 |
782.027 |
|
|
|
Other Income |
8.769 |
0.668 |
2.349 |
|
|
|
TOTAL (A) |
1436.458 |
955.815 |
784.376 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Traded Goods |
869.703 |
919.754 |
|
|
|
|
Increase/Decrease in inventories of traded goods |
178.944 |
(270.698) |
762.798 |
|
|
|
Employee benefits expenses |
112.867 |
97.173 |
|
|
|
|
Other expenses |
126.167 |
110.393 |
|
|
|
|
TOTAL (B) |
1287.681 |
856.622 |
762.798 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
148.777 |
99.193 |
21.578 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.817 |
4.041 |
7.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
135.960 |
95.152 |
14.118 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.313 |
3.388 |
2.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
131.647 |
91.764 |
11.340 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
44.855 |
35.369 |
5.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
86.792 |
56.395 |
5.958 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
179.947 |
173.989 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
236.342 |
179.947 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.47 |
9.40 |
0.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.04
|
5.90 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.22
|
9.61 |
1.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.55
|
8.82 |
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.31 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.28
|
2.53 |
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.37 |
1.77 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The Registered office of the company has been
shifted from D-222/30, T T C Industrial Area, MIDC, Nerul, Navi Mumbai –
400706, Maharashtra, India, to the present address w.e.f. 05.12.2006.
TRADE REFERENCE:
· The Nodal Officer-Procurement, TEQlP – II
Bengal Engineering and Science University, Shibpur, P. O. Botanic
Garden, Howrah –
711103,
West Bengal, India
Tel No.:91-33-26684561
Fax No.:91-33-26685186
· Himachal Pradesh Power Corporation Limited
Triveni Mahadev HEP (78MW) and Thana Pluan HEP (141 MW) Sujanpur - Tihra, District
Hamirpur - 176110, Himachal
Pradesh, India
Tel: 91-1972-272200,
Fax: 91-1972-272201
· Hindustan Zinc Limited,
Yashad Bhawan, Udaipur - 313004, Rajasthan, India
Tel: 91-294-6604000-2
Fax: 91-294-2423765
·
Hindustan Aeronautics Limited (HAL)
Aerospace Division, PO Bag No.7502, Bangalore -560075, Karnataka, India
Tel: 91-80-22315523/540
Fax: 91-80-22312603
· NMDC Limited
10-3-311/A, Castle Hills, Masab Tank, Hyderabad – 500173, Andhra
Pradesh, India
Tel: 91-40-23538713-21
Fax: 91-40-23538721
· Supplies and Disposals, Haryana
For and
on
behalf of Governor of India
SCO 1032-33, Sector 22-6, Chandigarh, India
· Mazagon Dock Limited
Dockyard Road, Mazagon, Mumbai – 400010, Maharashtra, India
Tel: 91-22-23763575
Fax: 91-22-23741386
· The Stores Purchase Officer
CCS Haryana Agricultural University, Hisar - 125004, Haryana,
India
· National Institute of Ocean Technology
NIOT Campus, Velachery – Tambaram Main Road, Narayanapuram,
Pallikaranai, Chennai – 600100, Tamilnadu, India
Tel:
91-44-6678333013496
· Electronics Corporation of Tamilnadu Limited
ELCOT, 692, Anna Salai, Nandanam, Chennai – 600035, Tamilnadu, India
Tel: 91-44-65512300
Fax: 91-44-24330612
· Crop Forecast Co-ordination Centre
Department of Agriculture and Cooperation
Room No.344-A, 3rd Floor, Krishi Bhavan, B Wing, Dr. Rajendra Parasd Road, New Delhi – 110001, India
Tel: 91-11-23386333
· The Commandant
ASTE Air Force, Yemlur Pot Bangalore, Karnataka, India
Tel: 91-80-25228153/220
Fax: 91-80-25221496
FIXED ASSETS:
·
Building
· Plant and Machinery
·
Other Equipment
·
Furniture Fixtures
·
Vehicles
WEBSITE DETAILS:
PROFILE:
Subject (a Subsidiary of Leica Geosystems AG Switzerland) a leading company in India providing Surveying and measuring solutions in India and neighboring countries. Company represents Leica Geosystems AG, Switzerland (subsidiary company of Hexagon Group, Sweden) for positioning technologies, which includes Geodesy, High-end GPS and the highly specialized Industrial Measurement Systems (IMS) and High Definition Surveying Systems. Apart from Leica products, company is the leading distributor for Magellan Hand-held GPS, Riegl 3D Laser Scanning Systems, Newcon Optik’s Laser Range Finders and High Powered Telescope, Nova Tel GPS (subsidiary company of Hexagon Group, Sweden), DMT’s Gyromat, Amberg’s Rail Positioning System, Tunnel Seismic Prediction System and Tunnel Measurement System and Campbell’s Meteorological Monitoring Systems in India. Company was instrumental in giving a new dimension to the surveying community in India with more than 350 Man Years of surveying experience all together. Company’s integrated solutions allow customers to collect, manage and analyze complex information faster and easier, making them more productive, efficient and profitable.
Hexagon is
a global technology group with strong market positions within measurement
technologies and polymers. The group has about 9400 employees in 30 countries
and net sales of about 14000 (2 Billion) MSEK. Many positioning solution providing company
including Leica Geo systems AG, Switzerland and Novatel Inc. USA are the
subsidiary of Hexagon Group.
Company commenced it operations from July 1998 with a vision of being the first choice provider of innovative solutions to our customer’s needs in the market. Strong presence in the surveying community has propelled the growth of company by many folds during the past ten years. Subject has a highly motivated, skilled and experienced team to cater to the growing need of the surveying market in India. Most of the Elcome employees are trained on Leica products in Switzerland and are always honing their skills through updated training materials from the principals. More than 80 employees with a country wide sales representatives, coupled with a highly capable network of dealers and distribution partners serve and support their customers. With Head Quarter in Gurgaon, company has offices in all the major cities in India such as Mumbai, Kolkata, Chennai, Bangalore, Hyderabad.
Comprises of one of the best pool of application engineers, marketing professionals and service executives to provide end-to-end solutions to the customers. Company has executed some of the prestigious surveying projects in India and Bangladesh with organizations like Delhi Metro Rail Corporation, Bangladesh Inland Waterways Transport Authority, National Remote Sensing Agency, Land Record Department for Cadastral Survey.
Subject had received a order from Coal India Limited for 7 mines on a turnkey project.
Subject is the only company in this field to become ISO Certified (ISO 9000:2001). Company has four fully equipped and Leica authorized State-of-The-Art service centers in India
The service center was set-up with close co-ordination of Leica Geosystems, Heerbrugg Factory, with service crew trained directly at the Leica Workshop in Switzerland. The service center in Gurgaon is regarded as one of the best service center outside Switzerland with latest test equipments and calibration tools and jigs from Leica Geo systems AG, Switzerland. Not a single instrument sold in India leaves the country for service and repair, which includes high-end Industrial measurement Systems (IMS). Apart from India Elcome provides service support to countries like Bangladesh, Srilanka, Thailand, Bhutan etc. Company maintains a complete backup and spares of all the instruments in the inventory, which helps in ensuring timely support to minimize the downtime in cases of breakdown.
Company is constantly investing to create a world-class environment and one point access to all the surveying and measuring needs for its customers.
With soaring sales and efficient technical support company is committed to not only delivering the products but also providing nationwide, comprehensive service and support to their customers.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.12 |
|
|
1 |
Rs.87.08 |
|
Euro |
1 |
Rs.70.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.