MIRA
INFORM REPORT
|
Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TE CONNECTIVITY INDIA PRIVATE LIMITED (w.e.f. 29.08.2012) |
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Formerly Known As : |
TYCO ELECTRONICS CORPORATION INDIA PRIVATE LIMITED TYCO ELECTRONIC CORPORATION LIMITED (w.e.f 24.02.2000) AMP INDIA LIMITED (w.e.f 30.06.1998) AMP INDIA PRIVATE LIMITED |
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Registered Office : |
“TE Park”, Site No.22B, Doddenakundi Industrial Area, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
07.12.1993 |
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Com. Reg. No.: |
08-15007 |
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Paid Up Capital : |
Rs.720.817 Millions |
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CIN. No.: |
U31909KA1993PTC015007 |
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TAN No.: (Tax Deduction & Collection Account No.) |
BLRT02262B |
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PAN No.: (Permanent Account No.) |
AABCT7374C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, Importers and Exporters of Wire and Cable for
Networking, Communication, Household Appliances, Power Transmission and
Distribution Materials, Automotive Wiring Systems, Electrical and Electronic
Components, Accessories, Assemblies, etc. |
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|
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|
No. of Employees : |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 18488752 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 regular and as per commitments. The company can be considered normal for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 /Head Office : |
“TE Park”, Site No.22B, Doddenakundi Industrial Area, |
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Tel. No.: |
91-80-40115000/ 401/ 28540800/ 28412433/ 28540800/ 24163745 |
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Fax No.: |
91-80-40115001/ 401/ 28540820 |
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Email : |
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Area : |
3000 Sq. ft |
|
Location : |
Leased |
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Factory : |
No. 4, Maruthi Industrial Estate, Hoody Rajapalya, |
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Tel. No.: |
91-80-26453014 / 28410200 |
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Fax No.: |
91-80-28453038 / 28410210 |
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Branch Office1 : |
1st Floor, No-5, Shalimar House Comm, Center Saket-110017, |
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Tel. No.: |
91-11-26864107 |
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Branch Office 2: |
Cochin Special Economic Zone Plot No. 44, Cochin-kakkanand-682037 |
DIRECTORS
As On 29.09.2011
|
Name : |
Mr. Srinivasan Varadarajan |
|
Designation : |
Director |
|
Address : |
40, Kuppu, 14th cross, Vignana Nagar, New Thippasandra Bangalore –
560075, Karnataka, India |
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Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
11.05.2006 |
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DIN No.: |
00337041 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation of the
director |
Date of appointment at
current designation |
Original date of
appointment |
Company Status |
Defaulting status |
|
1 |
U72900KA2000PTC026408 |
Precision Interconnect
India Private Limited |
Director |
20-01-05 |
20-01-05 |
Amalgamated |
NO |
|
2 |
U31909KA1993PTC015007 |
Tyco Electronics
Corporation India Private Limited |
Director |
11-05-06 |
11-05-06 |
Active |
NO |
|
|
|
|
Name : |
Mr. Kokkalera Uthappa Subbaiah |
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Designation : |
Managing Director |
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Address : |
No. 406, Wings 16/1, |
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Date of Birth/Age : |
21.06.1959 |
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Date of Appointment : |
01.12.2002 |
|
DIN No.: |
00355548 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the
director |
Date of appointment at
current designation |
Original date of
appointment |
Company Status |
Defaulting status |
|
1 |
U32109KA1998PTC040729 |
Automotive Wiring Systems
Private Limited |
Director |
24-06-99 |
24-06-99 |
Amalgamated |
NO |
|
2 |
U31909KA1993PTC015007 |
Tyco Electronics
Corporation India Private Limited |
Managing director |
01-12-02 |
01-12-02 |
Active |
NO |
|
3 |
U74999MH1984PTC033786 |
Raychem-RPG Private
Limited |
Director |
12-12-02 |
12-12-02 |
Active |
NO |
|
4 |
U29299KL1995PLC009664 |
CII Guardian International
Limited |
Director |
23-01-03 |
23-01-03 |
Active |
NO |
|
5 |
U72900KA2000PTC026408 |
Precision Interconnect
India Private Limited |
Director |
08-09-04 |
08-09-04 |
Amalgamated |
NO |
|
|
|
|
Name : |
Mr. Juerg Frischknecht |
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Designation : |
Director |
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Address : |
W. Wolfensberger Stresses 14, 9424, |
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Date of Birth/Age : |
09.06.1959 |
|
Date of Appointment : |
06.08.2003 |
|
DIN No.: |
02406047 |
KEY EXECUTIVES
|
Name : |
Mr. K Srinivasan |
|
Designation : |
Secretary |
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Address : |
C2, |
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Date of Birth/Age : |
09.08.1955 |
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Date of Appointment : |
15.04.2005 |
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Pan No.: |
ACPPS1980C |
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Name : |
Ms. Anushree Keshav |
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Designation : |
Secretary |
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Address : |
No.20, S-2, 1st main Vinayaka Laypout, Vijaynagar,
Bangalore -560040, India |
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Date of Birth/Age : |
27.11.1984 |
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Date of Appointment : |
22.03.2011 |
MAJOR SHAREHOLDERS
As On 29.09.2011
|
Names
of Shareholders (Equity Shares) |
No. of Shares |
|
Tyco Electronics Corporation, |
44742393 |
|
Tyco Electronics
|
1 |
|
Total |
44742394 |
As On 29.09.2011
|
Names
of Shareholders (Preference Shares) |
No. of Shares |
|
Tyco Electronics Corporation, |
273393065 |
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2011
|
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 : |
Manufacturers, Importers and Exporters of Wire and Cable for Networking,
Communication, Household Appliances, Power Transmission and Distribution
Materials, Automotive Wiring Systems, Electrical and Electronic Components,
Accessories, Assemblies, etc. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
Societe Generale The Hongkong
and Bangalore Branch, Manipal centre, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Deloitte Centre, |
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Tel No.: |
91-80-55276000 |
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Fax No.: |
91-80-55276011 |
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Pan No.: |
AACFD3771D |
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Holding Company : |
·
Tyco Electronic Corporation, ·
Tyco Electronics Group, S.A.R L, · Tyco Electronics Netherland (India) BV |
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Ultimate Holding
Company : |
·
Tyco Electronics Limited, |
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Fellow Subsidiaries : |
Within · TEI Technologies Private Limited · Tyco Electronics Systems India Private Limited Outside · AMP Manufacturing Korea Limited. · AMP Manufacturing Taiwan Limited · AMP Trading B.V. · PT Tyco Electronics, Indonesia · Shenzhen Original Electric Co. · Shunde Tyco Electronics Limited · Tyco Electronics, Brasil · LTA Tyco Electronics Raychem, Belgium · Tyco Electronics - HK Limited · Tyco Electronics Malaysia SD · Tyco Electronics Schweiz AG · Tyco Electronics · AMP Espana SA · Tyco Electronics AMP Gmbh · Tyco Electronics AMP Italia · SPA Tyco Electronics AMP K.K. · Tyco Electronics Amp Shanghai Limited · Tyco Electronics Argentina S.A · Tyco Electronics Canada Limited. · Tyco Electronics Czech S.R.0 AMP De France · Tyco Electronics da Amaznia, · Tyco Electronics EC Gmbh & Co. · Tyco Electronics France SAS · Tyco Electronics HK LIMITED · Tyco Electronics Hungary KFT · Tyco Electronics Logistics AG · Tyco Electronics · Tyco Electronics Middle East FZE · Tyco Electronics Nederland BV · Tyco Electronics New Zealand Limited · Tyco Electronics Polska Spz Tyco · Electronics Pty Limited · Tyco Electronics Raychem Gmbh · Tyco Electronics Raychem NV · Tyco Electronics Raychem, S.A. · Tyco Electronics S.A (Pty) Limited · Tyco Electronics Shanghai CLT · TycozElectronics UK Limited · Tyco Electronics Dongguan Limited · Tyco Electro-Electronica Limited · Whitekar Corporation Precision Interconnect USA AMP · Shunde Connector Limited · AMP Holland BV · Tyco Electronics · Augat AG Tyco · Electronics Austria GmbH · Tyco Electronics Exports SARL · Tyco Electronics Columbia Limited · Tyco Electronics Export · Tyco Electromechanical components AMP Services · Tyco Electronics UK Limited (Crompton IN) · Tyco Electronics AMP Guang Don Limited · Tyco Electronics Nederland B..V · Tyco Electronics Singapore · Tyco Electronics Japan GK · Tyco Electronics Kunsham · Tyco Electronics Raychem BVBA · Tyco Electronics · Belgium EC BVBA · Tyco Electronics VII Limited · Tyco Electronics Malaysia SDN BHD · Tyco Electronics Chile Limited · Tyco Electronics Subsea · Communication LLC · Tyco Electronics Technologies Kunshan Co · Tyco Electronics Del Peru SAC · Dongguan Transpower Electric. · Tyco Electronics Simel · Tyco Electronics Zhuhai Limited · Tyco Electronics Qingdao Limited · Tyco Electronics ETA Limited · Rochester Wire and Cable · Tyco Electronics AMP Korea · Tyco Electronics AMP Guangdond Limited · Raychem Electronics Shanghai Co Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs.450.000 Millions |
|
280000000 |
Preference Shares |
Rs.1/- each |
Rs.280.000 Millions |
|
|
Total |
|
Rs.730.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44742394 |
Equity Shares |
Rs.10/- each |
Rs.447.424 millions |
|
273393065 |
Preference Shares |
Rs.1/- each |
Rs.273.393 millions |
|
|
Total |
|
Rs.720.817 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 |
720.817 |
720.817 |
720.817 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3901.371 |
3406.113 |
3194.784 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4622.188 |
4126.930 |
3915.601 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
345.738 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
345.738 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4622.188 |
4126.930 |
4261.339 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
845.242 |
840.870 |
886.813 |
|
|
Capital work-in-progress |
75.714 |
46.817 |
103.913 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.002 |
0.002 |
0.002 |
|
|
DEFERREX TAX ASSETS |
236.740 |
160.043 |
151.656 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1490.380
|
1293.545
|
1207.611 |
|
|
Sundry Debtors |
1516.352
|
1057.264
|
1005.705 |
|
|
Cash & Bank Balances |
1414.582
|
911.290
|
483.375 |
|
|
Other Current Assets |
29.423
|
80.000
|
552.503 |
|
|
Loans & Advances |
684.756
|
1099.078
|
899.989 |
|
Total
Current Assets |
5135.493
|
4441.177
|
4149.183 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1431.569
|
1211.161
|
920.207 |
|
|
Other Current Liabilities |
182.947
|
43.656
|
51.712
|
|
|
Provisions |
56.487
|
107.162
|
58.309
|
|
Total
Current Liabilities |
1671.003
|
1361.979
|
1030.228 |
|
|
Net Current Assets |
3464.490
|
3079.198
|
3118.955 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4622.188 |
4126.930 |
4261.339 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
8320.000 |
6330.000 |
8019.477 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
7355.000 |
5678.000 |
7274.067 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
965.000 |
652.000 |
NA |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
196.000 |
228.000 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
765.000 |
424.000 |
745.410 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
273.000 |
212.000 |
289.624 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
496.000 |
212.000 |
455.786 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
2890.946 |
3391.336 |
|
|
|
Commission Earnings |
NA |
324.904 |
304.769 |
|
|
TOTAL EARNINGS |
NA |
3215.850 |
3696.105 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1843.773 |
2219.507 |
|
|
|
Purchase for Resale |
NA |
782.432 |
1270.558 |
|
|
|
Capital Goods |
NA |
83.210 |
132.738 |
|
|
|
Others |
NA |
0.999 |
1.336 |
|
|
TOTAL IMPORTS |
NA |
2710.414 |
3624.139 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.96
|
3.34
|
5.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.79
|
8.01
|
14.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.10
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.36
|
0.33
|
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.07
|
3.26
|
4.03 |
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 |
No |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
---------------------- |
|
29] |
Last accounts filed at
ROC |
---------------------- |
|
30] |
Major Shareholders, if
available |
---------------------- |
|
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 |
Bankers Charges
Report as per Registry
|
Name of the company |
Tyco Electronics Corporation (Formerly Known as AMP India Limited ) |
|
Presented By |
Societe Generale, (Formerly Known as AMP India Limited ) |
|
1) Date and description of instrument creating the change |
Date : 03.03.1997 Registered 02.04.1997 Agreement of Hypothecation of Stock/ Goods LO/013 Agreement of Hypothecation of Book Debts LO/ 009 Letter from HSBC, |
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs.22.300 millions |
|
3) Short particular of the property charged. If the property acquired is
subject to charge, date of the acquired of the property should be given |
Hypothecation in favour of the Bank all the Goods namely Raw
Materials, Stocks in process, stocks goods in Transit, Finished goods and
stores and spares, consumable etc. including the stocks thereof for the time
being whether raw or manufactured or in the process of manufacture and all
articles manufactured therefrom including any such goods in the course of
transit or delivery and all movable
property of any kind of the Borrower which now or thereafter from time to
time during this security shall be brought in stored or be in or about the
premises, warehouses or godowns of the
borrower in Bangalore or wherever else the same may held by any party
anywhere to the order and disposition of the borrower hypothecation and
charge to the bank all the book debts. Outstanding money receivable claims
bills which are now due and owing or while may at any time hereafter during
continuance of this security become and to the borrower in the course of its
business by any of their creditors by way if First charges. |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
Rate of Interest: 18 % p.a. with quarterly rests. Margin : 25 % Repayment : on Demand Charge on the assets shall rank pari passu with other Banks, Hong Kong
and |
|
5) Name and Address and description of the person entitled to the
charge. |
Societe Generale Bangalore Branch, Magrath road, (A Banking Company) |
|
6) Date and brief description
of instrument modifying the charge |
Date: 21.1.2002 Supplementary Agreement of Hypothecation of Stocks
goods and Book Debts. |
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
By the above agreement the Borrower company can avail the credit
facility of Rs.35.000 millions in any manner/ mode like cash credit/ packing
credit/ sales bills discounting/ non coverable debenture/FCNR (B) Loan bank
guarantees/ letters of credit or in any other form of Banking facility as may
be desired by them and the securities already obtained will continue for the
present arrangement also. (All other terms and conditions remain unchanged) |
FIXED ASSETS
· Leasehold Improvements
· Plant and Machinery
· Office Equipments
· Data Processing Equipments
· Furniture and Fixture
· Motor Vehicles
· Building
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.55.45 |
|
|
1 |
Rs.87.98 |
|
Euro |
1 |
Rs.69.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
YES |
|
--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.