MIRA
INFORM REPORT
|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
WNS GLOBAL SERVICES PRIVATE LIMITED (w.e.f.30.05.2008) |
|
|
|
|
Formerly Known
As : |
WORLD NETWORK SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
PL-10, Godrej and Boyce Complex, Pirojshanagar, L.B.S. Marg, Vikhroli
(West), Mumbai – 400079, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.06.1996 |
|
|
|
|
Com. Reg. No.: |
11-100196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.105.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1996PTC100196 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW01007G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW2598L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in Providing Business Process Outsourcing Services Comprising
Back-Office Administration, Data Management and Contact Center Management
Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 21300800 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of WNS (Mauritius) Limited. It is a well-established company having fine track record. There
appears some dip in the profitability during 2012. However, general financial
position of the company appears to be sound and healthy. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. In view of strong holdings the company can be considered normal for
business dealings at usual trade terms and condition. NOTE: Latest
financial for the year 2013 in not available with us. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social responsibility
in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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/ Corporate Office : |
PL-10, Godrej and Boyce Complex, Pirojshanagar, L.B.S. Marg, Vikhroli
(West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-40952100/ 40952300 |
|
Fax No.: |
91-22-25188307/ 25188311 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Fax No.: +1 212-599-6962 The Fax No.: +44 208 754 8570 |
|
|
|
|
Other Offices: |
Tel. No.: 91-80-42064600 Fax No.: 91-80-28495554 #1137, RG Towers Tel. No.: 91-80-41154361
Tel. No.: 91-44-43906000 Fax No.:91-44-43906000 Fax No.: 91-124-433 0001
Tel. No.: 91-124-420 7010
Tel. No.: 91-253-6690400
Tel. No.: 91-20-40005000 Fax No.: 91-20-41287158
Tel. No.: 91-20-41454000 Fax No.: 91-20-41454001
Tel : 91-20-41286000 |
|
|
|
|
Overseas Offices : |
Located At: ·
Vizag ·
Australia ·
China ·
UAE ·
United
States ·
United
Kingdom ·
Sri Lanka ·
South Africa ·
Romania ·
Poland · Philippines |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Sulakshana Jayant Patankar |
|
Designation : |
Director |
|
Address : |
Chintaman, Flat 13, Final Plot No. 120, Dr. Kelkar Road, Opposite Maharashtra
Bank, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1971 |
|
Qualification : |
MBA, ICWA |
|
Date of Appointment : |
21.10.2003 |
|
PAN No.: |
AFEPP7471H |
|
DIN No.: |
01875918 |
|
|
|
|
Name : |
Mr. Gautam Bhupat Barai |
|
Designation : |
Director |
|
Address : |
1001, B Wing, Quantum Park, Union Park, Mumbai – 400052, Maharashtra,
India |
|
Date of Birth/Age : |
15.05.1974 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
03267869 |
|
|
|
|
Name : |
Mr. Swaminathan Rajamani |
|
Designation : |
Director |
|
Address : |
B-901, Lake Primrose, Lake Home Complex, Adi Shankaracharya Marg,
Powai, Mumbai – 400076, Maharashtra, India
|
|
Date of Birth/Age : |
22.04.1976 |
|
Date of Appointment : |
09.12.2010 |
|
PAN No.: |
APWPS7475Q |
|
DIN No.: |
03432159 |
|
|
|
|
Name : |
Mr. Sanjay Omprakash Puria |
|
Designation : |
Director |
|
Address : |
703, 4 Shivalaya Tower, 90 Feet Road, Thakur Complex, Kandivali
[East], Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
03.09.1973 |
|
Date of Appointment : |
20.09.2012 |
|
DIN No.: |
03537586 |
|
|
|
|
Name : |
Mr. Gopal Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
A A1, Shamail Complex, Ground Floor, Balaji Nagar, Station Road, Bhayander
[West], Thane - 401101, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1971 |
|
Date of Appointment : |
20.09.2012 |
|
PAN No.: |
ADZPA6931A |
|
DIN No.: |
05104675 |
|
|
|
|
Name : |
Mr. Deepak Kumar Gupta |
|
Designation : |
Additional director |
|
Address : |
M 2/22, DLF Phase 2, Gurgaon - 122000, Haryana, India |
|
Date of Birth/Age : |
02.02.1967 |
|
Date of Appointment : |
30.11.2012 |
|
DIN No.: |
02215150 |
KEY EXECUTIVES
|
Name : |
Charudatta Kulkarni |
|
Designation : |
Secretary |
|
Address : |
5-B, Pasaydan Vishwa Vijay CHS, Near Motiram Park, B Cabin Road,
Ambernath-421501, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1986 |
|
Date of Appointment : |
04.09.2013 |
|
Pan No.: |
ATKPK0332N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
WNS ( |
|
800446 |
|
WNS Customer Solutions ( |
|
202468 |
|
|
|
|
|
TOTAL
|
|
1002914 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in Providing Business Process Outsourcing Services Comprising Back-Office
Administration, Data Management and Contact Center Management Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India ·
The Hong Kong and Shanghai Banking Corporation
Limited, 52/60, M.G. Road, Fort, Mumbai, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
16th Floor,
Tower- II, Indiabulls Finance Centre, S B Marg, Elphinstone (West), Mumbai –
400013, Maharashtra, India |
|
PAN No: |
AAAFW4298E |
|
|
|
|
Fellow Subsidiary : |
·
WNS Global Services (UK) Limited ·
WNS Customer Solutions (Singapore) Private
Limited ·
WNS Business Consulting Services Private Limited
[U72900MH2003PTC173792] ·
WNS Global Services (Sri Lanka) Private Limited ·
WNS Capital Investment Limited ·
WNS Philippines Inc ·
WNS Global Services (Romania) SRL ·
WNS BPO Services Costa Rica, S.A. ·
WNS Global Services (Australia) Pty Limited ·
WNS Global Services Netherlands Cooperative UA ·
WNS Global Services Philippines Inc. ·
WNS (Holdings) Limited ·
WNS North America Inc |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7337000 |
Equity Shares |
Rs.100/- each |
Rs.733.700 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1002914 |
Equity Shares |
Rs.100/-
each |
Rs.100.291
Millions |
AS ON 31.03.2012
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7337000 |
Equity Shares |
Rs.100/- each |
Rs.733.700 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1057914 |
Equity Shares |
Rs.100/-
each |
Rs.105.800
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 |
|
105.800 |
117.200 |
|
(b) Reserves & Surplus |
|
5219.400 |
6127.100 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
5325.200 |
6244.300 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
5463.200 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
117.800 |
123.900 |
|
(d) long-term
provisions |
|
515.900 |
176.300 |
|
Total Non-current
Liabilities (3) |
|
6096.900 |
300.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1444.600 |
5446.200 |
|
(b)
Trade payables |
|
83.900 |
28.100 |
|
(c)
Other current liabilities |
|
3222.500 |
3884.600 |
|
(d) Short-term
provisions |
|
149.400 |
141.100 |
|
Total Current
Liabilities (4) |
|
4900.400 |
9500.000 |
|
|
|
|
|
|
TOTAL |
|
16322.500 |
16044.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1357.700 |
1284.300 |
|
(ii)
Intangible Assets |
|
4078.400 |
4925.300 |
|
(iii)
Capital work-in-progress |
|
103.200 |
94.000 |
|
(iv) Intangible assets under development |
|
0.700 |
0.000 |
|
(b) Non-current
Investments |
|
0.100 |
0.100 |
|
(c) Deferred tax
assets (net) |
|
480.000 |
581.000 |
|
(d) Long-term Loan and Advances |
|
1757.400 |
1450.700 |
|
(e) Other
Non-current assets |
|
144.200 |
91.000 |
|
Total Non-Current
Assets |
|
7921.700 |
8426.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
1342.200 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
4702.600 |
5304.500 |
|
(d) Cash
and cash equivalents |
|
627.200 |
655.400 |
|
(e)
Short-term loans and advances |
|
1439.800 |
1401.000 |
|
(f)
Other current assets |
|
289.000 |
257.200 |
|
Total
Current Assets |
|
8400.800 |
7618.100 |
|
|
|
|
|
|
TOTAL |
|
16322.500 |
16044.500 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
121.891 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4618.559 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4740.450 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
334.222 |
|
|
TOTAL BORROWING |
|
|
334.222 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5074.672 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1691.669 |
|
|
Capital work-in-progress |
|
|
48.195 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
429.708 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
3816.917
|
|
|
Cash & Bank Balances |
|
|
515.182
|
|
|
Other Current Assets |
|
|
1150.263
|
|
|
Loans & Advances |
|
|
1359.727
|
|
Total
Current Assets |
|
|
6842.089 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
68.032
|
|
|
Other Current Liabilities |
|
|
3493.446
|
|
|
Provisions |
|
|
375.511
|
|
Total
Current Liabilities |
|
|
3936.989
|
|
|
Net Current Assets |
|
|
2905.100
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5074.672 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
12195.426 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
13906.000 |
12323.900 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
12168.800 |
9949.700 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1737.200 |
2374.200 |
1759.235 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
518.300 |
(30.100) |
(72.136) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1218.900 |
2404.300 |
1831.371 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
13840.100 |
11671.071 |
12157.562 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1152.17 |
2050.75 |
1502.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.77
|
19.51 |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.04
|
15.45 |
20.62
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.38 |
0.37
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.30
|
0.87 |
0.07
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
0.80 |
1.74
|
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10369187 |
19/07/2012 |
358,095,500.00 |
HSBC BANK
(MAURITIUS) LIMITED |
HSBC CENTRE,, 18,
CYBERCITY, EBENE, - NA, MAURITIUS |
B45138377 |
|
2 |
10369188 |
19/07/2012 |
510,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL |
B45138435 |
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Fully convertible debentures others |
4953.200 |
0.000 |
|
Loans and advances from related parties |
225.500 |
5222.700 |
|
TOTAL |
5178.700 |
5222.700 |
CONTINGENT LIABILITIES:
1.
Amounts not provided for income tax matters in
respect of earlier years for which appeals are pending before appropriate
authorities Rs. 2958.600 Millions (Previous year: Rs. 2275.200 Millions)
2.
Amounts not provided for service tax matters in
respect of earlier years for which appeals are pending before appropriate
authorities Rs. 348.100 Millions (Previous year: Rs. 348.100 Millions)
3.
The Company has given guarantees to various banks
for an amount of Rs. Nil (Previous year: Rs. 91.300 Millions) towards packing
credit facility and other loan facilities.
4.
HSBC bank has issued guarantee to customs
authorities on Company’s behalf against cash credit limit for Rs. 11.500
Millions (Previous year: Rs.14.200 Millions)
FIXED ASSETS:
·
Buildings
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipment’s
·
Other Equipment’s
·
Leasehold Improvements
·
Goodwill
·
Computer Software
·
Commercial Contractual
Rights
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.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.