MIRA
INFORM REPORT
|
Report Date : |
11.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HANNOVER MILANO FAIRS INDIA PRIVATE LIMITED (w.e.f. 25.05.2009) |
|
|
|
|
Formerly Known
As : |
HANNOVER FAIRS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13/16, Vatika Business Centre, “B” Wing, 7th Floor, Supreme
Business Park, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-168590 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52599MH2007PTC168590 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH10355C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH8291G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is primarily engaged in the business of organizing and
promotion of trade fairs |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 37000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Hannover Milano Global Germany GmbH. It is
an established company having moderate track. It has incurred some loss during 2011. However, trade relations are
reported as fair. Business is active. Payments are reported as slow but
correct. The company can be considered for business dealings with some caution. |
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
13/16, Vatika Business Centre, “B” Wing, 7th Floor, Supreme
Business Park, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra,
India |
|
Tel. No.: |
91-22-42369710 |
|
Fax No.: |
91-22-42019191 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sudhir Janardan Patil |
|
Designation : |
Managing Director |
|
Address : |
RH-D22, Gangangiri Park, Ramchandra Nagar, Thane (West), Thane-400604,
Maharashtra, India |
|
Date of Birth/Age : |
06.12.1955 |
|
Date of Appointment : |
10.03.2007 |
|
Date of Cessation : |
01.05.2012 |
|
DIN No.: |
01289018 |
|
|
|
|
Name : |
Mr. Wolfwang Wilhelm Lenarz |
|
Designation : |
Director |
|
Address : |
Hannoversche Str, 56, Ronnenberg, Germany-30952 |
|
Date of Birth/Age : |
25.11.1958 |
|
Date of Appointment : |
24.04.2009 |
|
DIN No.: |
02631174 |
|
|
|
|
Name : |
Mr. Ilaria Cicero |
|
Designation : |
Director |
|
Address : |
Orseolo Pietro No.7, Milano-20123, Italy |
|
Date of Birth/Age : |
07.05.1971 |
|
Date of Appointment : |
29.06.2010 |
|
DIN No.: |
03060533 |
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 |
U52599MH2007PTC168590 |
Hannover
Milano Fairs India Private Limited |
Director |
29/06/2010 |
29/06/2010 |
Active |
NO |
|
2 |
U74999DL2011FTC216467 |
Fiera
Milano India Private Limited |
Director |
24/03/2011 |
24/03/2011 |
Active |
NO |
|
3 |
U74300DL2011PTC224498 |
Global
Fairs And Media Private Limited |
Director |
23/01/2012 |
23/01/2012 |
Active |
NO |
|
Name : |
Mr. Goetz Doermann |
|
Designation : |
Director |
|
Address : |
Bielefeld, Dornbuschweg 19, Bielefeld, Germany |
|
Date of Birth/Age : |
03.05.1971 |
|
Date of Appointment : |
29.06.2011 |
|
DIN No.: |
03595275 |
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 |
U52599MH2007PTC168590 |
Hannover
Milano Fairs India Private Limited |
Additional
director |
29/06/2011 |
29/06/2011 |
Active |
NO |
|
2 |
U74300DL2011PTC224498 |
Global
Fairs And Media Private Limited |
Director |
23/01/2012 |
23/01/2012 |
Active |
NO |
|
Name : |
Mr. Mehul Gautam Shah |
|
Designation : |
Managing Director |
|
Address : |
F-201, Vishrani Greens, Behind Narayan Gardens, Opposite, Gotri 30 Mtrs
Road, Vadodara-390023, Gujarat, India |
|
Date of Birth/Age : |
09.01.1977 |
|
Date of Appointment : |
01.11-2011 |
|
DIN No.: |
01773063 |
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 |
U22122TN2007FTC065392 |
M Squared Media
Private Limited |
Director |
15/11/2007 |
15/11/2007 |
Active |
|
|
2 |
U72900TN2008PTC067286 |
Ecr21
Websolutions Private Limited |
Director |
09/04/2008 |
09/04/2008 |
Active |
|
|
3 |
U74999DL2011FTC216467 |
Fiera Milano
India Private Limited |
Director |
24/03/2011 |
24/03/2011 |
Active |
NO |
|
4 |
U52599MH2007PTC168590 |
Hannover Milano
Fairs India Private Limited |
Managing
director |
01/05/2012 |
01/11/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Hannover Milano Global Germany GmbH, Germany |
289999 |
|
Deutsche Messe AG, Germany |
1 |
|
TOTAL
|
290000 |
AS ON 16.01.2012
|
Names of Allottees |
No. of Shares |
|
Hannover Milano Global Germany GmbH, Germany |
17677785 |
|
TOTAL
|
17677785 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
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 : |
The subject is primarily engaged in the business of organizing and
promotion of trade fairs |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M V Damania and Company Chartered Accountant |
|
Address : |
14/2, Mahalakshmi Industrial Estate, D Shivner Road, Lower Parel,
Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-66614320 / 21 / 22 |
|
Fax No.: |
91-22-24938040 |
|
E-Mail : |
|
|
PAN No.: |
AAEFM9871H |
|
|
|
|
Holding Company : |
Hannover Milano Global Germany GmbH, Germany |
|
|
|
|
Ultimate Holding Company : |
Deutsche Messe AG, Germany |
|
|
|
|
Associates : |
Fiera Milano SPA |
|
|
|
|
Fellow Subsidiaries : |
Hannover Milano Fairs China Limited Hannover Fairs Interpro Hannover Messe International Istanbul Hannover Messe International GmbH Hannover Milano Fairs Shanghai Limited Hannover Messe Bilesim Fuarcilik A.S. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290000 |
Equity Shares |
Rs.10/- each |
Rs. 2.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290000 |
Equity Shares |
Rs.10/- each |
Rs. 2.900
Millions |
|
|
|
|
|
NOTE
289999 equity shares are held by Hannover
Milano Global Germany GmbH and 01 share is held by the ultimate holding company
Deutsche Messe AG.
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17710000 |
Equity Shares |
Rs.10/- each |
Rs. 177.100
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 |
2.900 |
2.900 |
2.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.444 |
7.118 |
3.052 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.344 |
10.018 |
5.952 |
|
|
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 |
9.344 |
10.018 |
5.952 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.153 |
0.160 |
0.168 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1.808 |
1.403 |
0.368 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
11.017
|
25.051 |
9.869 |
|
|
Cash & Bank Balances |
14.741
|
5.378 |
37.899 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
12.843
|
11.696 |
14.292 |
|
Total
Current Assets |
38.601
|
42.125 |
62.060 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.307
|
27.656 |
53.967 |
|
|
Other Current Liabilities |
5.349
|
2.640 |
2.677 |
|
|
Provisions |
4.562
|
3.374 |
0.000 |
|
Total
Current Liabilities |
31.218
|
33.670 |
56.644 |
|
|
Net Current Assets |
7.383
|
8.455 |
5.416 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.344 |
10.018 |
5.952 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
87.012 |
80.315 |
114.610 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
87.736 |
74.020 |
109.580 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
87.736 |
74.020 |
109.580 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.724) |
6.295 |
5.030 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.066 |
0.094 |
0.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(0.790) |
6.201 |
4.590 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.116) |
2.135 |
2.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(0.674) |
4.066 |
2.450 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.118 |
3.052 |
0.600 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.444 |
7.118 |
3.050 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Income |
8.523 |
9.172 |
9.018 |
|
|
|
Participation Fees |
21.829 |
22.744 |
47.678 |
|
|
|
Representation Charges |
2.802 |
1.755 |
1.699 |
|
|
|
Other Miscellaneous Income |
0.000 |
0.030 |
4.934 |
|
|
|
Other Misc Earrings |
5.819 |
2.650 |
2.031 |
|
|
|
Revenue from Rebilling Charges |
0.967 |
0.371 |
1.293 |
|
|
TOTAL EARNINGS |
39.940 |
36.722 |
66.653 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.32) |
14.02 |
8.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(0.77)
|
5.06 |
2.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.95)
|
14.19 |
7.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.08)
|
0.62 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.34
|
3.36 |
9.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.25 |
1.10 |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
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
Registered office has been shifted from 604, Samarpan Complex, Next ot
Mirador Hotel, New Link Road, Andheri (East), Mumbai-400099, Maharashtra, India
to the present address w.e.f. 29.06.2012.
BACGROUND
Subject was incorporated on 10 March 2007 as a private limited company.
The company is primarily engaged in the business of organizing and promotion of
trade fairs and was a 100% subsidiary of Deutsche Messe AG (“DMAG”).
In the year 2008-09, the Company entered into a share purchase agreement
with Hannover Messe International and Hannover Milano Global Germany GmbH to
sell its entire share holding of 289,999 shares to HMG. HMG is a joint venture
between the ultimate parent Company DMAG and Fiera Milano SpA (‘FM SpA’). DMAG
holds 51% and FM SpA holds 49% in HMG. The registered office of the Company is
situated in the city of Mumbai.
FIXED ASSETS
·
Plant and Machinery
·
Computers
WEBSITE DETAILS
PROFILE
The emphasis continues to be on flagship international trade
fairs for capital goods, run by Deutsche Messe in Hannover. The aim of these
tradeshows is to represent the latest markets and highlight international
market trends. They are also a forum for application-oriented demonstrations of
the latest technology, as well as new launches of cutting edge technologies and
presentations of the latest research findings.
Fiera Milano S.p.A. heads a group of companies
operating in the business areas of management; of exhibition space and
provision; of essential exhibition services; provision of other value-added
services and the organization of trade fairs and conferences.
Subject can boast a portfolio of professional
shows that is unique in terms of quality and variety of events. It hosts some
seventy shows of which about 40% are directly organized. They have an
exhibition infrastructure to rival anything else in the international trade
fair market. Fiera Milano SpA. is now more than ever a tangible asset for the
nation and a unique tool in the promotion of economic development and the
globalization of business.
In the current challenging times the projected
growth in GDP of 7% is probably the best amongst large economies. With special
incentive packages from the Government of India major industry sectors and
infrastructure projects are still on the path. The turnaround in the global
economic situation expected in the last quarter of 2009 synchronizes perfectly
with the show timing. The shows will be an ideal B2B platform for to showcase
the range of products and services and to interact with existing and potential
customers who would be making decisions for new investments and stepping up
production.
NEWS
PRESS RELEASE
IA INDIA 2010: An Excellent Platform for Automation Suppliers and
Manufacturers to Network and Exchange
Information
ARC Advisory Group,
at HMFI’s invitation and acting as its knowledge partner, is organizing the
Automation Technology Seminar on December 15-16, 2010 during HMFI’s trade show
IA INDIA 2010 at Bombay Exhibition Center in Mumbai. However, the trade show portion of the event
will run from December 15 to 18, 2010.
IA INDIA trade show cum technology seminar will provide a venue for
automation suppliers to showcase their offerings, highlighting differentiators
on one hand; and for the end users to evaluate their strategic needs vis-ŕ-vis
available technological options in the market.
Due to the robust
consumer demand India’s economy is sprinting and making it a very attractive
destination for companies seeking growth opportunities. Therefore, it is necessary for manufacturing
companies to invest in solutions that enhance productivity, reduce
time-to-market, maintain quality levels, and contribute to efficient use of
resources, while complying with global standards. Manufacturers can best address these by
implementing industrial automation solutions.
A trade
show-cum-technical seminar, professionally organized with the clear intent to
provide a platform for both technology solution providers and end users to
network and exchange information, serves the purpose well, as it meets the
requirements of all parties. IA INDIA
2010 will facilitate an opportunity for delegates to explore automation trends
and related technological developments and for technology suppliers to
understand the industry requirements.
With the objective of bringing the latest trends
and technological developments to the country, HMFI is organizing IA INDIA 2010
(December 15–18, 2010) along with other trade events - MDA India, Energy INDIA,
CeMAT INDIA, and Surface INDIA. While IA
INDIA 2010 focuses on process and production automation and industrial building
automation, the other events relate to motion, drive and automation hydraulics
and pneumatics; energy efficiency and decentralized renewable and conventional
energies; material handling and logistics; and surface technology,
respectively.
The Automation
Technology Seminar on December 15-16, 2010, during IA INDIA 2010, will focus on
industrial automation solutions. The
deliberations will emphasize factory automation, sensors, motors, and drives. IA INDIA 2010 trade show will also provide an
opportunity for the Indian manufacturers to seek information about
state-of-the-art automation solutions and technologies exhibited by various
exhibitors from different parts of the world.
The IA INDIA trade show will have exhibitors from over 18 countries and
professional delegates. A wide range of
automation and IT systems will be on display in the trade show, giving the
delegates an opportunity to see and comprehend new technological trends.
Trade shows and
technology seminars provide a fertile ground for networking where people can
discuss and evaluate the myriad options available and rapid technological
changes taking place.
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. 55.33 |
|
|
1 |
Rs. 88.50 |
|
Euro |
1 |
Rs. 70.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.