MIRA
INFORM REPORT
|
Report Date : |
04.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
COGNIZANT TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
DUN
AND BRADSTREET – SATYAM SOFTWARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5/535, Okkiam Thoraipakkam, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.01.1994 |
|
|
|
|
Com. Reg. No.: |
18-026590 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300TN1994PTC026590 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the development and maintenance of computer
software. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 360000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Latest Financial
i.e. 2011-2012 are not made available, however from the previous year record
it seems that the financial position of the company appears to be sound.
Performance capability of the company is good. Available information
indicates high financial responsibility of the company. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitment. The company can be considered good for normal business dealings at
usual trade terms and condition. |
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 / Global Delivery Centre : |
5/535, Okkiam Thoraipakkam, |
|
Tel. No.: |
91-44-43605000 / 43675000 |
|
Fax No.: |
91-44-43605280 / 43865510 |
|
E-Mail : |
|
|
|
|
|
Other Global Delivery Centre |
Located at ·
Bangalore ·
Kerala ·
Kolkata ·
Coimbatore ·
Mumbai ·
Gurgaon ·
Pune ·
Hyderabad |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. N. Lakshmi Narayanan |
|
Designation : |
Whole Time Director |
|
Address : |
8, Royal Enclave, Besant Avenue Road, Adyar, Chennai – 600020, Tamilnadu, India |
|
Date of Birth/Age : |
10.03.1953 |
|
Date of Appointment : |
26.06.1998 |
|
DIN No.: |
00580679 |
|
|
|
|
Name : |
Mr. Ramakrishnan Chandrasekaran |
|
Designation : |
Whole Time Director |
|
Address : |
Sruthi 1-C, radha Krishna Salai, |
|
Date of Birth/Age : |
02.10.1957 |
|
Date of Appointment : |
26.06.1998 |
|
DIN No.: |
00580842 |
|
|
|
|
Name : |
Steven Erik Schwartz |
|
Designation : |
Director |
|
Address : |
3, Roger Drive, Greenwich, CT 06831, United States of America. |
|
Date of Birth/Age : |
12.10.1967 |
|
Date of Appointment : |
08.01.2004 |
|
DIN No.: |
01068693 |
|
|
|
|
Name : |
Mr. Krishnaraj Thiagarajan |
|
Designation : |
Director |
|
Address : |
Flat F3, Mithila, Justice Sundaram Road, Mylapore, Chennai - 600 004, Tamilnadu, India |
|
Date of Birth/Age : |
02.06.1966 |
|
Date of Appointment : |
14.12.2006 |
|
DIN No.: |
01152972 |
|
|
|
|
Name : |
Mr. Venkateswaran Mahesh |
|
Designation : |
Director |
|
Address : |
9/6, Srinivas Apartments, Second |
|
Date of Birth/Age : |
14.05.1966 |
|
Date of Appointment : |
28.08.2007 |
|
DIN No.: |
01814938 |
|
|
|
|
Name : |
Karen Anne McLoughlin |
|
Designation : |
Director |
|
Address : |
42, Sunset DR, Chatham, New Jersey – 07928, United States of America |
|
Date of Birth/Age : |
12.11.1964 |
|
Date of Appointment : |
26/09/2012 |
|
DIN No.: |
05352347 |
KEY EXECUTIVES
|
Name : |
Mr. Chandrahasan Vijayakumar |
|
Designation : |
Secretary |
|
Address : |
22/26, |
|
Date of Birth/Age : |
28.04.1969 |
|
Date of Appointment : |
29.06.2004 |
|
PAN No.: |
ACEPV9723D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Cognizant Technology Solutions Corporation, |
|
3960000 |
|
Cognizant (Mauritius) Limited, Mauritius |
|
13993649 |
|
Marketrx Inc., USA |
|
255230 |
|
CSS Investment |
|
181351 |
|
Total |
|
18390230 |
As on 27.09.2012
|
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 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the development and maintenance of computer
software. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
32, Khader Nawaz Khan Road, Nungambakkam, Chennai - 600 006, Tamilnadu, India |
|
PAN No.: |
AABFL5878L |
|
|
|
|
Holding Company: |
Cognizant Technology Solution Corporation |
|
|
|
|
Subsidiary Company: |
CIN No.:U74999AP2005PTC051823
CIN
No.:U74140PN1991PTC060564 |
|
|
|
|
Fellow Subsidiaries : |
· Cognizant Technology Solutions U.S. Corporation, USA · Cognizant Technology Solutions Canada, Inc., Canada · Cognizant Technology Solutions s.r.o, Czech Republic · Cognizant Technology Solutions Asia Pacific Pte Limited , Singapore · Cognizant Technology Solutions GmbH, Germany · Cognizant Technology Solutions Australia Pty Limited, Australia · Cognizant Technology Solutions Ireland Limited, Ireland · Cognizant Technology Solutions Limited, Mauritius · Cognizant (Mauritius) Development Limited, Mauritius · Cognizant Technology Solutions A.G., Switzerland · CSS Investment LLC, USA · Cognizant Technology Solutions Overseas Corporation , USA · Cognizant Technology Solutions (Netherlands) B.V., The Netherlands · Cognizant Technology Solutions Benelux B.V., The Netherlands · Cognizant Technology Solutions B.V., The Netherlands · Cognizant Technology Solutions Italia, S.p.A., Italy · Cognizant Technology Solutions (Shanghai) Co., Limited , China · Cognizant Technology Solutions France S.A., France · Ygyan Consulting Private SDN BHD, Malaysia · Cognizant Technology Solutions Belgium S.A., Belgium · Cognizant Technology Solutions Norway A.S., Norway · Cognizant Technology Solutions Sweden AB, Sweden · Cognizant Technology Solutions Hong Kong Limited, Hong Kong · Cognizant Servios de Tecnologia e Software do Brasil S/A., Brazil · Cognizant Technology Solutions de Mexico SA., Mexico · Aimnet Solutions, Inc., USA · Cognizant Technology Solutions Argentina S.R.L., Argentina · Cognizant Technology Solutions Denmark ApS, Denmark · Cognizant Technology Solutions Philippines, Inc., Philippines · Cognizant Technology Solutions South Africa (Pty) Limited , South Africa · MarketRx, Inc., USA · MarketRx, India Private Limited, India · MarketRx, Pty Limited, Australia · MarketRx, Inc. (UK) Limited, England · Cognizant India Private Limited, India · Cognizant Technology Solutions Spain SL, Spain · CogDev Solutions AB, Sweden · Cognizant Technology Solutions (Thailand) Co., Limited , Thailand · Cognizant Japan KK, Japan · Cognizant (Mauritius) Limited, Mauritius · Cognizant Technology Solutions Hungary Kft, Hungary · Cognizant Technology Solutions Holdings LLC, USA · Cognizant Technology Solutions Austira GmbH, Austria · Cognizant Technology Solutions Finland Oy, Finland · Cognizant Technology Solutions Luxembourg S.A., Luxembourg · Cognizant Technology Solutions New Zealand Limited, New Zealand · Cognizant Technology Solutions Slovakia, s.r.o., Slovakia · Cognizant Technology Solutions UK Limited, United Kingdom · PIPC Inc · PIPC Pty Limited · PIPC (Hong Kong) Limited · PIPC (New Zealand) Limited · PIPC Pte Limited · PIPC Global Holding Company Limited · PIPC (UK) Limited · CogDev Malaysia SDN BHD · Cognizant Technology Solutions Jersey Limited · Cognizant Technology Solutions (TandT) Limited · Cognizant Technology Solutions Isle of Man Limited ·
Cognizant Foundation, India |
CAPITAL STRUCTURE
As on 27.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18800000 |
Equity Shares |
Rs.10/- each |
Rs.188.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18390230 |
Equity Shares |
Rs.10/- each |
Rs.183.902 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 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 |
40.000 |
40.000 |
40.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
90291.630 |
68329.750 |
54729.224 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
90331.630 |
68369.750 |
54769.224 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
23.072 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
23.072 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90354.702 |
68369.750 |
54769.224 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18300.947 |
16114.754 |
13047.873 |
|
|
Capital work-in-progress |
5906.526 |
2663.984 |
5614.282 |
|
|
|
|
|
|
|
|
INVESTMENT |
8459.155 |
5427.834 |
2599.343 |
|
|
DEFERREX TAX ASSETS |
738.739 |
405.375 |
238.245 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
38805.492
|
13975.472
|
11095.677 |
|
|
Cash & Bank Balances |
9423.944
|
20931.681
|
17490.915 |
|
|
Other Current Assets |
9435.507
|
7264.257
|
4845.577 |
|
|
Loans & Advances |
10947.789
|
9676.744
|
6082.650 |
|
Total
Current Assets |
68612.732
|
51848.154
|
39514.819 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
708.145
|
717.668
|
1858.108 |
|
|
Other Current Liabilities |
7459.020
|
4571.609
|
2339.465 |
|
|
Provisions |
3496.232
|
2801.074
|
2047.765 |
|
Total
Current Liabilities |
11663.397
|
8090.351
|
6245.338 |
|
|
Net Current Assets |
56949.335
|
43757.803
|
33269.481 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90354.702 |
68369.750 |
54769.224 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Service Income |
|
62302.495 |
53074.739 |
|
|
|
Exchange Fluctuation Gain (Net) |
|
780.440 |
3625.344 |
|
|
|
Other Income |
|
840.292 |
293.124 |
|
|
|
TOTAL |
91190.000 |
63923.227 |
56993.207 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Personnel Expenses |
|
37456.941 |
22415.344 |
|
|
|
Operating and Administration Expenses |
|
8936.476 |
8708.485 |
|
|
|
TOTAL |
64736.000 |
46393.417 |
31123.829 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
26454.000 |
17529.810 |
25869.378 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3723.000 |
3148.705 |
2633.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22731.000 |
14381.105 |
23236.371 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
770.000 |
780.580 |
992.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
21961.000 |
13600.525 |
22244.065 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
67737.000 |
54136.369 |
31892.304 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
89698.000 |
67736.894 |
54136.369 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Income |
|
NA |
52650.530 |
|
|
|
Interest Income |
|
|
1.367 |
|
|
|
Dividend Income |
|
|
74.771 |
|
|
TOTAL EARNINGS |
NA |
NA |
52726.668 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5490.25 |
3400.00 |
5561.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
24.08
|
21.27
|
39.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
23.08
|
43.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.15
|
21.13
|
44.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.21
|
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.88
|
6.41
|
6.33 |
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 |
No |
|
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 |
No |
|
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 |
DETAILS OF
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Loans from Subsidiaries |
12.842 |
0.000 |
|
Other Debt |
9.048 |
0.000 |
|
Interest accrued due |
1.182 |
0.000 |
|
Total |
23.072 |
0.000 |
NOTE:
The registered office of the company has been shifted from
No. 226,
RESULTS OF
OPERATIONS:
During the year, the Company’s revenue has increased to Rs.91190.000 Millions from Rs.63923.000 Millions, an annualized growth of 42.66%. The Net Profit for the year ended 31st March, 2011 has increased to Rs. 21961.000 Millions as against Rs.13600.000 Millions for the previous year. With the Company’s prospective strategic business plan, it has achieved 42.66% annual revenue growth amidst the difficult situation prevailing in the economy during the year.
YEAR 2011-12 OUTLOOK
With its focus on innovation, client partnerships, new services and capabilities to market, the Company is set to deliver robust performance in the ensuing fiscal year 2011-12 and will continue to set new standards for our industry. It is currently servicing customers across industries such as Banking, Financial services, Insurance, Life sciences and Manufacturing and continuous efforts are underway to widen the client base.
PARENT COMPANY
The Parent Company (Cognizant Technology Solutions Corporation, USA) has been ranked eleventh by Forbes magazine in the publication's Annual "25 Fastest Growing Tech Companies" Special Report for the eighth consecutive year. The Parent Company has made it to the Forbes magazines prestigious list of the worlds 2000 biggest companies (for 2010) based on sales, profits, assets and market value.
ACCOLADES
The Parent Company and Lloyds Banking Group won Financial Sector Technology (FST) Award for SI (Systems Integration) Project of the Year, announced at the annual FST Gala dinner on March 31, 2011. The FST Awards recognize excellence and innovation in the field of information technology within the financial services sectors.
The Company posted the highest revenue growth in 2010 among the top 10 India-based providers. It was able to quickly rebound in 2010 from the recession, and its strategy of continuing to invest through the recessionary times, coupled with strong account management and local presence, paid off in 2010.
The Company’s performance is a reflection of the investments the company has made in the three areas that Gartner considers to be the most important competitive differentiators: operational capabilities (global distribution model); industry and business process capabilities; and relationship management.
INFRASTRUCTURE
The Company’s Infrastructure provides state of the art world class infrastructure and business space solutions to internal customers. It provides an environment to the employees that offer maximum comfort level of working in office spaces with high degree of safety and security thereby contributing to the success of the organization.
CONTINGENT
LIABILITY
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
|
|
|
|
|
a) Estimated amount of contracts remaining to be executed on capital account (net of advances) and not provided for |
4764.040 |
2024.789 |
|
b) Bank Guarantees |
75.316 |
69.374 |
|
c) Claims against the company not acknowledged as debts with respect to Income Tax and other matters* |
659.362 |
436.438 |
* Includes Rs.335.267 Millions (Previous year Rs.422.214 Millions) paid towards Income tax matters and is included along with Advance Tax
d) The Company has units in Software Technology Parks (STP) and in Special Economic Zones (SEZ) (100% export oriented). Certain items purchased for these STP/SEZ units are eligible for 100% customs and excise duty exemption subject to fulfillment of stipulated export obligations. Non fulfillment of these export obligations may result in penalties and have an impact in the Profit and Loss Account. The Company has fulfilled all its export obligations so far and is confident of fulfilling them in the coming years also.
FIXED ASSETS:
- Land Freehold
- Land
Leasehold
- Building
- Pant and
Machinery
- Computer
Equipment
- Furniture and
Fixtures
- Vehicles
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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.