MIRA
INFORM REPORT
|
Report Date : |
23.10.2012 |
- Summary Information
|
|
|
Country |
|
|
Company Name |
ADI |
Principal Name 1 |
Mr. Sudhir Banerjee |
|
Status |
Good |
Principal Name 2 |
Mr. James Albert Bujold |
|
|
|
Registration # |
55-071592 |
|
Street Address |
Plot No. 2A, 1st
Floor, Malviya Nagar, Corner Market, |
||
|
Established Date |
09.08.1995 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Life Safety Equipments |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.350,257,770/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign Holdings – 100% |
Banking |
Citibank |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A
(64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
-- |
Honeywell International Inc |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,366,776,000 |
Current Liabilities |
678,199,000 |
|
Inventories |
317,603,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
360,242,000 |
Other Liabilities |
638,730,000 |
|
Deferred Assets |
59,453,000 |
Total Liabilities |
1,316,929,000 |
|
Invest& other Assets |
14,513,000 |
Retained Earnings |
1,451,400,000 |
|
|
|
Net Worth |
1,801,658,000 |
|
Total Assets |
3,118,587,000 |
Total Liab. & Equity |
3,118,587,000 |
|
Total Assets (Previous Year) |
2,540,422,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
3,296,948,000 |
Net Profit |
322,722,000 |
|
Total Income (Previous yr) |
2,415,951,000 |
Net Profit(Prev.yr) |
204,654,000 |
IDENTIFICATION DETAILS
|
Name : |
HONEYWELL INTERNATIONAL ( ADI |
|
|
|
|
Formerly Known As : |
RIGHT CHOICE INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot No. 2A, 1st Floor, Malviya Nagar, Corner Market, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
09.08.1995 |
|
|
|
|
Com. Reg. No.: |
55-071592 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.350.258 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1995PTC071592 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKH01684E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCA7954K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Trader of Life Safety Equipments
that includes Fire and Smoke Detectors.
|
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 7200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established 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 good for normal 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 – 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
|
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 : |
Plot No. 2A, 1st Floor, Malviya Nagar, Corner Market, |
|
Tel No.: |
Not Available |
|
Fax no.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Head Office : |
Sector 36, Place City II, Gurgaon – 122 004, |
|
Tel No.: |
91-124-237170 |
|
Fax No.: |
91-124-2373118 / 5031713 |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
1st Floor, Unitech Trade Centre, Sector 43, Block C, Sushant
Lok, Phase I, Gurgaon – 122 001, |
|
Tel No.: |
91-124-6715000 / 6715205 |
|
Fax No.: |
91-124-6715014 / 6715201 |
|
|
|
|
Godown: |
Plot No. 150/152, Ayeshya Compound, Village Kaman, Taluka Vasai, Thane
401 202, Maharashtra, India |
|
|
|
|
Branch office : |
Unit No.702, 7th Floor, Reliable Tech Park, Thane Belapur
Road, Airoli, Navi Mumbai, Maharashtra, India Tel No.: 91-22-67946400 Located at ·
Gurgaon (Location : Rented) ·
|
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sudhir Banerjee |
|
Designation : |
Director |
|
Address : |
C=13, 4, SFS DDA Flats, Saket, |
|
Date of Birth/Age : |
10.10.1964 |
|
Date of Appointment : |
18.06.2007 |
|
DIN No.: |
01629241 |
|
|
|
|
Name : |
Mr. James Albert Bujold |
|
Designation : |
Additional Director |
|
Address : |
29, |
|
Date of Birth/Age : |
18.01.1960 |
|
Date of Appointment : |
27.12.2010 |
|
DIN No.: |
03347336 |
|
Name : |
Ms. Nisha Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
H 20, |
|
Date of Birth/Age : |
09.03.1969 |
|
Date of Appointment : |
30.06.2008 |
|
DIN No.: |
02331771 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1995PTC071592 |
HONEYWELL
INTERNATIONAL ( |
Director |
30/06/2008 |
30/06/2008 |
Active |
NO |
|
2 |
U29219MH2006PTC163880 |
CALLIDUS
TECHNOLOGIES INDIA PRIVATE LIMITED |
Additional
director |
19/04/2010 |
19/04/2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Neeraj Dewan |
|
Designation : |
Secretary |
|
Address : |
H No.667, Sector 7B, |
|
Date of Birth/Age : |
07.01.1967 |
|
Date of Appointment : |
25.02.2011 |
|
PAN No.: |
AEFPD3199E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Honeywell International INC. |
35025775 |
|
Honeywell International Asia Pacific INC. |
2 |
|
Total |
35025777 |
As on 30.09.2011
Equity share
breakup (percentage of total equity)
|
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 : |
Manufacturer and Trader of Life Safety Equipments
that includes Fire and Smoke Detectors.
|
||||||||
|
|
|
||||||||
|
Product : |
|
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Heads |
Nos. |
NA |
1245000 |
571494 |
|
Bases |
Nos. |
NA |
750000 |
537449 |
|
Call Point |
Nos. |
NA |
150000 |
17471 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Citibank |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Water House Chartered Accountants |
|
Address : |
Price Water House, 8th Floor, Building – 8, Tower-B, |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
·
Honeywell International Inc |
|
|
|
|
Fellow Subsidiaries : |
·
Honeywell Company Limited – · Ademco Asia Pacific Limited ·
Adi Global Distribution Limited ( · Adi Global Distribution Limited Austrilia ·
Adi Global Distribution Limited, · Allied Signal Aero Sales Corporation · BW Technologies · LP Friction Materials · Hand Held Products, Inc. · Honeywell Aero HQ · Honeywell Aerospace · Avncs My Sdn Bsd · Honeywell Aerospace Pte. Limited ·
Honeywell Aerospace · Honeywell Analytics AG · Honeywell Automation India Limited · Honeywell Autoparts and Services Shanghai Company Limited ·
Honeywell · Honeywell Canada Limited · Honeywell China Company Limited ·
Honeywell Company Limited - · Honeywell Control System Limited · Honeywell Electrical Devices and System India Private Limited ·
Honeywell Electronic Materials ( ·
Honeywell Engine ·
Honeywell Environmental and Combustion
Controls ( · Honeywell Europe NV ·
Honeywell Fire and Security System ( ·
Honeywell Flourine Products ·
Honeywell Integrated Technology ( · Honeywell International - Phx Engins · Honeywell International Asia Pac Inc. · Honeywell International CPG · Honeywell International Middle East Limited · Honeywell International Sarl · Honeywell International SRO · Honeywell Japan Inc. ·
Honeywell · Honeywell Life Safety AS ·
Honeywell Life Safety ·
Honeywell Limited ( ·
Honeywell Limited ( ·
Honeywell Middle ·
Honeywell Pte Limited ·
Honeywell Security ( ·
Honeywell Security ( · Honeywell Security UK Limited ·
Honeywell Speciality Chemicals ( · Honeywell Speciality Chemicals Gmbh · Honeywell Specialty Chemicals MTO · Honeywell SRL-Italy ·
Honeywell Systems ( · Honeywell Technologies S.a.r.l. · Honeywell Technology Solutions Lab India Private Limited · Honeywell Tianjin Limited ·
Honeywell Trading ( ·
Honeywell Turbo ( ·
Honeywell Turbo · Honeywell Turbo Techonologies India Private Limited · Honeywell Video Systems UK Limited · HSCE – US · HW Specialty Chem. Seelze Gmbh ·
IntelliSense ( · KAC Alarm Company Limited · KMP Life Safety Distribution A.G ·
Metro ( ·
Metrologic ·
MK Electric ( |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35025777 |
Equity Shares |
Rs.10/- each |
Rs.350.258
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 |
350.258 |
350.258 |
350.258 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1451.400 |
1128.678 |
924.023 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1801.658 |
1478.936 |
1274.281 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1801.658 |
1478.936 |
1274.281 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
360.242 |
372.894 |
358.469 |
|
|
Capital work-in-progress |
14.513 |
1.594 |
41.937 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
59.453 |
39.247 |
30.181 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
317.603
|
295.739 |
211.961 |
|
|
Sundry Debtors |
805.489
|
572.010 |
526.184 |
|
|
Cash & Bank Balances |
832.902
|
632.994 |
165.019 |
|
|
Other Current Assets |
14.764
|
9.796 |
3.313 |
|
|
Loans & Advances |
713.621
|
616.148 |
810.898 |
|
Total
Current Assets |
2684.379
|
2126.687 |
1717.375 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
589.294
|
518.808 |
396.619 |
|
|
Other Current Liabilities |
88.905
|
60.764 |
83.949 |
|
|
Provisions |
638.730
|
481.914 |
393.113 |
|
Total
Current Liabilities |
1316.929
|
1061.486 |
873.681 |
|
|
Net Current Assets |
1367.450
|
1065.201 |
843.694 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1801.658 |
1478.936 |
1274.281 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3296.948 |
2415.951 |
2016.725 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
2094.367 |
1773.346 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
312.584 |
243.379 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
32.551 |
40.878 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
289.033 |
202.501 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
84.379 |
62.334 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
322.722 |
204.654 |
140.167 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1128.677 |
924.023 |
783.856 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1451.399 |
1128.677 |
924.023 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods |
322.141 |
239.888 |
231.942 |
|
|
|
Services rendered |
198.057 |
233.520 |
262.004 |
|
|
|
Commission |
10.193 |
8.626 |
11.554 |
|
|
|
Reimbursement of Expenses |
414.207 |
212.500 |
200.246 |
|
|
TOTAL EARNINGS |
944.598 |
694.534 |
705.746 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
180.963 |
223.715 |
226.055 |
|
|
|
Capital Goods |
8.364 |
0.000 |
2.321 |
|
|
TOTAL IMPORTS |
189.327 |
223.715 |
228.376 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.21 |
5.84 |
4.00 |
|
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%20PRIVATE%20LIMITED%20-%20198137%2023-Oct-2012_files/image006.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.79
|
8.47 |
6.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
11.56 |
9.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.20 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.73
|
0.72 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04
|
2.00 |
1.97 |
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 |
|
710] |
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 |
No |
|
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 1, DDA
Community Centre, Geetanjali Enclave,
OPERATIONS AND FUTURE
OUTLOOK:
During the year, the company has achieved a turnover (sales, technical services and other income) of Rs. 3296.948 Millions against Rs. 2415.951 Millions during the previous year thus recording a positive growth rate of 36%. The Company has recorded Profit of Rs. 322.722 Millions after tax during the year against Profit of Rs. 204.654 Millions after tax during previous year.
The business units of the company continues to have great
potential in
The Company is committed to follow the Honeywell Global initiatives i.e. Growth, Productivity, Cash, People and Enablers.
The Company has dedicated resources for business development
activities in the country. They provide support to various businesses to
identify the opportunities in areas like sourcing, research and development and
establish new business opportunities in
CONTINGENT
LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2011) :
a) Bank Guarantees/ Guarantee Bonds Rs. 7.458 Millions (Previous Year Rs. 45.264 Millions).
b) Income Tax
|
Assessment Year |
2007-08 |
|
Statue |
Commissioner of Income Tax (Appeals) |
|
Description |
Disallowances made by the AO - Exclusion of telecommunication expenses from export turnover - Disallowance of depreciation @ 60% on computer peripherals - Capitalization of training expenses - Transfer Pricing Adjustment |
|
Amount |
IT Demand Disputed Rs. 8.495 Millions |
|
Present Status |
Appeal filed against the said order before CIT (A) and same is pending before him for consideration. |
c) Sales Tax
|
|
FY 2005-06 |
FY 2006-07 |
FY 2007-08 |
|
Statue |
Central Sales Tax Act, 1956 |
Central Sales Tax Act, 1956 |
Haryana Value Added Tax Act, 2003 and Central Sales Tax Act, 1956 |
|
Description |
Demand Created for non submission of forms and documents for High Sea Sales and Drop Shipments |
Demand Created for non submission of forms and documents for High Sea Sales and Drop Shipments. |
Demand created for non submission of forms (local for D-1 Forms) and in CST too for non submission of forms and documents for High Sea Sales and Drop Shipment. |
|
Amount |
CST Demand Disputed - Rs. 1.136 Millions |
CST Demand Disputed - Rs. 2.067 Millions |
Local Demand Disputed - Rs. 0.735 Million and CST Demand Disputed - Rs. 56.049 Millions |
|
Present Status |
Appeal was filed and case was remanded. Remand case is pending before Excise and Taxation Officer. |
Appeal was filed and case was remanded. Remand case is pending before The Excise and Taxation Officer. |
Appeal was filed against the Local and the CST order, which is pending before The Joint Excise and Taxation Commissioner. |
FIXED ASSETS
·
Land
·
Building
·
Leasehold Improvements
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computers
·
Office Equipments
·
Temporary Structure
·
Software
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.53.67 |
|
|
1 |
Rs.86.05 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
64 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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.