MIRA
INFORM REPORT
|
Report Date : |
07.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMPHENOL INTERCONNECT INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
105, Bhosari Industrial Estate, P.B. No. 1, Pune – 411026, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.02.1970 |
|
|
|
|
Com. Reg. No.: |
014544 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.040 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1970PTC014544 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA06007B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3419J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of
Standard and Customised Specialised Connectors used especially in the Telecom
in the Defence Industries. |
|
|
|
|
No. of Employees
: |
900 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
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 6613000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “LPL Technologies Holding Gmbh”. It is a
well established company having fine track record. The company has reported a slight growth in its sales turnover as well
as net profitability during 2012. Profit margin appears to be good. Financial
and liquidity position seems to be strong and healthy Trade relations are fair. Business is active. Payment terms are
regular and as per commitments. In view of strong holding company and well experienced management, the
subject can be considered good 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another megatrend
happening. The World order is changing as economic power shifts from West to
East. According to McKinsey study, it took Britain more than 100 years to
double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Sandesh Karva |
|
Designation : |
Accounts Departments |
|
Contact No.: |
91-20-30688374 |
|
Date : |
06.08.2013 |
LOCATIONS
|
Registered
Office/Factory/Marketing Head Quarters : |
Plot No.105, Post Box No.1, Bhosari Industrial Area, Bhosari, Pune –
411026, |
|
Tel. No.: |
91-20-30688374 |
|
Fax No.: |
91-20-27129158 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office : |
Located at:
Secundrabad
Pune
|
|
|
|
|
Factory 2 : |
Plot no 61, Keonics Electronics City, Hosur Road, Bangalore – 560 100, Karnataka, India |
|
Tel. No.: |
91-80-30283900, 28520178 (Shrikant Gramopadhye (Operations
Manager)) |
|
Fax No.: |
91-80-28520418 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Marco A Wadia |
|
Designation : |
Alternate Director |
|
Address : |
Thakur House, 173, |
|
Date of Birth/Age : |
30.01.1956 |
|
Date of Appointment : |
26.08.2010 |
|
DIN No.: |
00244357 |
|
|
|
|
Name : |
Mr. Robert D John |
|
Designation : |
Whole Time Director |
|
Address : |
B-309/409, |
|
Experience : |
07.08.1958 |
|
Date of Appointment : |
09.06.2001 |
|
DIN No.: |
01820635 |
|
|
|
|
Name : |
Mr. Richard Adam Norwitt |
|
Designation : |
Additional Director |
|
Address : |
34, |
|
Date of Birth/Age : |
17.06.1969 |
|
Date of Appointment : |
21.12.2009 |
|
DIN No.: |
02107531 |
|
|
|
|
Name : |
Mr. Luc Walter |
|
Designation : |
Director |
|
Address : |
19, Ruc Jacques Hillairet, |
|
Experience : |
29.05.1958 |
|
Date of Appointment : |
20.06.2005 |
|
DIN No.: |
02936682 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Amphenol Corporation ( |
28160 |
|
LPL Technologies Holding GmbH ( |
42240 |
|
Total |
70400 |
As on: 29.09.2012
Equity Share Break up (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 : |
Manufacturers of
Standard and Customised Specialised Connectors used especially in the Telecom
in the Defence Industries. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
900 (Approximately) |
|
|
|
|
Bankers : |
State Bank of Travancore, 1248-A, Asmani Plaza, FC Road, Deccan
Gymkhana, Pune – 411004, Maharashtra, India
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Housing Development Finance Corporation Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
12, Doctor Annie Besant Road, Opposite Shiv Sagar Estate, Worli,
Mumbai – 4000018, Maharashtra, India |
|
PAN No. : |
ACCFD4815A |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding
Company : |
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70400 |
Equity Shares |
Rs.100/- each |
Rs.7.040 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.040 |
7.040 |
|
(b) Reserves & Surplus |
|
1646.264 |
1411.065 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
0.000 |
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1653.304 |
1418.105 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
20.656 |
13.922 |
|
(c) Other long term liabilities |
|
261.688 |
68.512 |
|
(d) long-term provisions |
|
20.670 |
20.721 |
|
Total Non-current Liabilities (3) |
|
303.014 |
103.155 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
331.463 |
264.901 |
|
(c) Other current
liabilities |
|
147.542 |
50.403 |
|
(d) Short-term provisions |
|
234.748 |
181.142 |
|
Total Current Liabilities (4) |
|
713.753 |
496.446 |
|
|
|
|
|
|
TOTAL |
|
2670.071 |
2017.706 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
593.431 |
501.515 |
|
(ii) Intangible Assets |
|
3.535 |
0.000 |
|
(iii) Capital
work-in-progress |
|
84.358 |
10.809 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.003 |
0.003 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
230.331 |
145.020 |
|
(e) Other Non-current assets |
|
71.325 |
65.921 |
|
Total Non-Current Assets |
|
982.983 |
723.268 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
636.458 |
476.387 |
|
(c) Trade receivables |
|
608.313 |
600.203 |
|
(d) Cash and cash
equivalents |
|
368.280 |
167.906 |
|
(e) Short-term loans and
advances |
|
70.596 |
49.556 |
|
(f) Other current assets |
|
3.441 |
0.386 |
|
Total Current Assets |
|
1687.088 |
1294.438 |
|
|
|
|
|
|
TOTAL |
|
2670.071 |
2017.706 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.040 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1217.375 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1224.415 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
12.395 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1236.810 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
431.934 |
|
|
Capital work-in-progress |
|
|
28.993 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.003 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
367.406 |
|
|
Sundry Debtors |
|
|
408.255 |
|
|
Cash & Bank Balances |
|
|
240.225 |
|
|
Other Current Assets |
|
|
1.546 |
|
|
Loans & Advances |
|
|
117.618 |
|
Total
Current Assets |
|
|
1135.050 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
189.712 |
|
|
Other Current Liabilities |
|
|
28.469 |
|
|
Provisions |
|
|
140.989 |
|
Total
Current Liabilities |
|
|
359.170 |
|
|
Net Current Assets |
|
|
775.880 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1236.810 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
2632.190 |
2228.180 |
1722.920 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
464.300 |
413.410 |
330.960 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1131.300 |
979.900 |
648.940 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1320.070 |
1402.880 |
979.900 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
|
|
977.807 |
|
|
|
Commission |
|
|
3.145 |
|
|
TOTAL EARNINGS |
1570.350 |
1352.050 |
980.952 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6595.17 |
5872.30 |
4701.13 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover |
|
|
2600.000 |
|
|
|
|
|
The above information has been parted by Mr. Sandesh Karva
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
2.61 |
3.16 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Current maturities
of long term debt is not available
|
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 |
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 |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
Yes |
|
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 |
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 |
OPERATIONS
The Company’s turnover for the year ended March 31, 2012 is Rs.2632.190 millions for year ended on March 31, 2011 was Rs.2228.180 millions.
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90090769 |
21/05/2012 * |
665,000,000.00 |
State Bank of Travancore |
1248-A Asmani Plaza, FC Road, Deccan Gymkhana, Pune, Maharashtra -
411004, India |
B40469116 |
|
2 |
90087776 |
05/05/1993 |
160,000,000.00 |
STATE BANK OF INDIA |
Industrial Finance Branch, Pune, Maharashtra - 411003, India |
- |
|
3 |
90087758 |
21/11/1992 |
40,000,000.00 |
STATE BANK OF INDIA |
Industrial Finance Branch, Pune, Maharashtra - 411003, India |
- |
|
4 |
90089797 |
21/11/1992 |
40,000,000.00 |
STATE BANK OF INDIA |
Industrial Finance Branch, Pune, Maharashtra - 411003, India |
- |
|
5 |
90089542 |
22/07/1991 * |
12,500,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Post Bog NO .1, Pune, Maharashtra - 411034, India |
- |
|
6 |
90089477 |
21/06/1989 |
10,754,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
7 |
90089455 |
25/03/1989 |
22,500,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
8 |
90089436 |
24/01/1989 * |
4,500,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA LTD |
163 ; Backbay Reclamation, Bombay, Maharashtra - 400020, India |
- |
|
9 |
90089434 |
22/02/1990 * |
4,500,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA LTD |
163 ; Backbay Reclamation, Bombay, Maharashtra - 400020, India |
- |
|
10 |
90089421 |
03/10/1988 |
6,057,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
11 |
90089401 |
14/06/1988 |
242,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
12 |
90089391 |
29/03/1988 |
12,500,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
13 |
90089371 |
26/11/1987 |
961,600.00 |
STATE BANK OF INDIDA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
14 |
90089324 |
09/01/1987 |
7,500,000.00 |
STATE BANK OF INDIA |
Pimpri Branch, Pune, Maharashtra - 411034, India |
- |
|
15 |
90089299 |
23/01/1986 |
1,300,000.00 |
STATE BANK OF INDIA |
Commercial Branch, Bombay, Maharashtra, India |
- |
|
16 |
90082312 |
22/12/1983 |
5,151,300.00 |
STATE BANK OF INDIA |
Commercial Branch, Bank Street, Bombay, Maharashtra - 400023, India |
- |
|
17 |
90089247 |
15/12/1983 |
2,300,000.00 |
STATE BANK OF INDIA |
Commercial Branch, Bombay, Maharashtra, India |
- |
|
18 |
90087551 |
21/10/1983 |
250,000.00 |
HOUSING DEV. FINANCE CORPN. LTD. |
163 ; Backbay Reclamation, Bombay, Maharashtra - 400020, India |
- |
|
19 |
90089204 |
13/11/1981 |
1,000,000.00 |
STATE BANK OF INDIA |
Commercial Branch, Bank Street, Bombay, Maharashtra - 400023, India |
- |
|
20 |
90087534 |
10/06/1980 |
1,000,000.00 |
STATE BANK OF INDIA |
Commercial Branch, Bank Street, Bombay, Maharashtra - 400023, India |
- |
|
21 |
90089178 |
05/08/1986 * |
1,000,000.00 |
STATE BANK OF INDIA |
Commercial Branch, Bombay, Maharashtra, India |
- |
FIXED ASSETS:
Ø Freehold Land
Ø Buildings
Ø Plant and Machinery
Ø Tooling
Ø Vehicles
Ø Furniture and Fixtures
Ø Computers
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.61.53 |
|
|
1 |
Rs.94.37 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
59 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.