MIRA INFORM REPORT
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Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIEMENS ENTERPRISE COMMUNICATIONS PRIVATE LIMITED |
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Registered
Office : |
601, 6th Floor, 247 Park, Tower 'B', L.B.S. Marg, Vikhroli
(West), Mumbai – 400083, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
30.09.2011 |
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Date of
Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
11-166937 |
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Capital
Investment / Paid-up Capital : |
Rs. 610.000 Millions |
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CIN No.: [Company Identification
No.] |
U31908MH2007FTC166937 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS54870E |
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PAN No.: [Permanent Account No.] |
AAKCS5375F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Provides Convergence Communications, video – conferencing, call centre
networking, mobility, unified communications and multimedia solutions etc. |
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No. of Employees
: |
320 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a “Siemens Group company”. It is a well established and
reputed company having satisfactory track record. Latest financials as on 2012 are not available. Sales turnover as well as profitability position of the company is
improving over previous year. There appear no external borrowings during
2012. The company receives good operational and financial support from the
group company. Trade relations are fair. Business is active. Payment terms are
reported as regular. In view of experienced and qualified directors, the subject can be
considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Santosh Veer |
|
Designation : |
Senior Account Executive |
|
Contact No.: |
91-22-33607479 |
|
Date : |
01.07.2013 |
LOCATIONS
|
Registered Office : |
601, 6th Floor, 247 Park, Tower 'B', L.B.S. Marg, Vikhroli (West),
Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-71447130 / 71447078 |
|
Fax No.: |
91-22-71447222 / 71447000 |
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E-Mail : |
chetan.utture@siemens-enterprise.com
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|
Website : |
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Branch Office : |
Located At
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DIRECTORS
As on 25.03.2013
|
Name : |
Mr. Roland Max Harzer |
|
Designation : |
Director |
|
Address : |
Erlhausen 10, Weichs, D85258, Germany |
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Date of Birth/Age : |
30.04.1955 |
|
Date of Appointment : |
04.03.2010 |
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DIN No. : |
03010392 |
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|
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Name : |
Mr. Anilkumar Prakash Jain |
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Designation : |
Director |
|
Address : |
7/4, Twinkle Star Society, Ghatla marg, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
20.03.1963 |
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Qualification : |
Graduate |
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Date of Appointment : |
30.03.2010 |
|
DIN No. : |
02819815 |
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|
|
|
Name : |
Mr. Chetan Mahavir Utture |
|
Designation : |
Director |
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Address : |
B/2, 602, Shubharmbh Phase 2 Cooperative Society, Tikujiniwadi Road,
Manpada, Near Happy Vally, Thane (West)-400610, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1971 |
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Date of Appointment : |
01.01.2011 |
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DIN No. : |
03359005 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Veer |
|
Designation : |
Senior Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
EN Overseas Holdings B.V – Netherlands
|
|
60999999 |
|
EN Germany Holdings B.V. – Netherlands
|
|
1 |
|
TOTAL
|
|
61000000 |
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 : |
Provides Convergence Communications, video – conferencing, call centre
networking, mobility, unified communications and multimedia solutions etc. |
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Exports : |
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Products : |
Convergence Communications, video – conferencing, call centre networking,
mobility, unified communications and multimedia solutions |
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Countries : |
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Imports : |
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Products : |
Spare Parts |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
320 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel,
Mumbai-400013, Maharashtra, India |
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Facilities : |
Total Facility Rs.400.000 Millions (from HDFC Bank Limited) |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
12, Dr. Annie Besant Road, opposite Shiv Sagar Estate, Worli,
Mumbai-400018, Maharashtra, India |
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Tel. No.: |
91-22-66679000 |
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Fax No.: |
91-22-66679100 |
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PAN No.: |
AACFD4815A |
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Holding Company : |
EN Overseas Holdings B.V., Netherlands |
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Ultimate Holding Company : |
Gores Group LLC, USA |
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Intermediate Holding Company : |
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Fellow Subsidiaries : |
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CAPITAL STRUCTURE
As on 25.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62000000 |
Equity Shares |
Rs.10/- each |
Rs.620.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61000000 |
Equity Shares |
Rs.10/- each |
Rs.610.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
610.000 |
610.000 |
610.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
149.386 |
63.219 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
759.386 |
673.219 |
610.000 |
|
|
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 |
|
|
OTHERS – PROFIT AND LOSS ACCOUNT |
0.000 |
0.000 |
3.428 |
|
|
|
|
|
|
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TOTAL |
759.386 |
673.219 |
613.428 |
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|
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APPLICATION OF FUNDS |
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|
|
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|
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FIXED ASSETS [Net Block] |
104.896 |
211.516 |
309.512 |
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Capital work-in-progress |
0.166 |
0.354 |
0.038 |
|
|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
49.018 |
41.311 |
24.607 |
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
114.394
|
92.334
|
50.294
|
|
|
Sundry Debtors |
541.027
|
624.204
|
394.337
|
|
|
Cash & Bank Balances |
416.168
|
316.996
|
490.760
|
|
|
Other Current Assets |
14.018
|
7.912
|
10.209
|
|
|
Loans & Advances |
92.063
|
73.346
|
82.866
|
|
Total
Current Assets |
1177.670
|
1114.792 |
1028.466 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
309.562
|
443.382
|
450.159
|
|
|
Other Current Liabilities |
61.767
|
31.287
|
60.597
|
|
|
Provisions |
201.035
|
220.085
|
238.439
|
|
Total
Current Liabilities |
572.364
|
694.754 |
749.195 |
|
|
Net Current Assets |
605.306
|
420.038
|
279.271
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
759.386 |
673.219 |
613.428 |
|
PROFIT & LOSS
ACCOUNT
v
|
|
PARTICULARS |
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
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SALES |
|
|
|
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Income |
2032.880 |
|
|
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Other Income |
|
|
|
|
|
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TOTAL |
2032.880 |
1814.970 |
1660.380 |
|
|
|
|
|
|
|
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EXPENSES |
|
|
|
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|
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Office Expenses |
|
|
|
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|
|
Financial |
1897.470 |
1716.260 |
1639.730 |
|
|
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Depreciation |
|
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|
|
|
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Administrative Expenses |
|
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|
|
|
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Advertising Expenses |
|
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|
|
|
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TOTAL |
1897.470 |
1716.260 |
1639.730 |
|
|
|
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|
|
|
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PROFIT / (LOSS)
BEFORE TAX |
135.410 |
98.700 |
20.650 |
|
|
|
|
|
|
|
|
|
|
TAX |
(49.240) |
(38.910) |
14.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
86.170 |
59.790 |
6.570 |
|
|
|
|
|
|
|
|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
26.883 |
23.693 |
|
|
|
Commission Earnings |
NA |
28.973 |
26.779 |
|
|
|
Other Earnings |
NA |
6.446 |
4.999 |
|
|
TOTAL EARNINGS |
NA |
62.302 |
55.471 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
NA |
611.099 |
552.505 |
|
|
|
Capital Goods |
NA |
2.466 |
1.525 |
|
|
TOTAL IMPORTS |
NA |
613.565 |
554.030 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.41 |
0.98 |
0.11 |
|
|
Particulars |
|
|
30.09.2012 |
|
Sales Turnover (Approximately) |
|
|
2330.000 |
Expected Sales (2012-13) : Rs. 2600.000 Millions
Expected Sales (2013-14) : Rs. 8700.000 Millions
The above information has been parted by Mr. Santosh Veer.
KEY RATIOS
|
PARTICULARS |
|
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
PAT / Total Income |
(%) |
4.24
|
3.29 |
0.40
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.17
|
7.22 |
1.54
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.15 |
0.03
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.60 |
1.37
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
309.562 |
443.382 |
450.159 |
|
TOTAL |
309.562 |
443.382 |
450.159 |
|
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 |
Yes |
|
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 |
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 |
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 |
BACKGROUND
Subject was
incorporated on January 11, 2007. The Company commenced operations on August 1,
2007. The Company has purchased the Information and Communications (Com EN)
division of Siemens Limited with effect from August 1, 2007.
The Company
provides convergence communications, video conferencing, call centre
networking, mobility, teleworking and multimedia solutions for enterprises.
OPERATIONS
For FY 2010-11,
turnover of the company increased to Rs. 2001.000 Millions from that of Rs.
1798.000 Millions in the previous year. This shows impressive growth of 11.3%
YoY. Profit before tax rose to Rs. 135.410 Millions from that of Rs.98.700
Millions for current financial year registering whooping growth. This
substantial improvement in PBT is attributed to various cost cutting measures
initiated by the company during the year. Net profit after tax surged to Rs.
86.170 Millions as compared to Rs.59.790 Millions in the previous year.
Overall, the company has made substantial improvement on the financial front.
The success they
achieved during fiscal 2011 confirms that they are on the right track. They have
been able to create value for their customers and forge partnerships for mutual
growth and prosperity. Their customers have placed their confidence in their
products, services and solutions, for which they are thankful to them. The
trend that they see very clearly is that sustainable business is the new mantra
within their organization as well as with their customers, partners and
suppliers. Hence, their focus for the near future will be on sustainable and
capital efficient growth.
FUTURE OUTLOOK
Enterprise Communication market in India is keeping the growth track.
The overall market is still growing at 17% per annum.
VoIP will continue
to grow at faster pace. Still major market in India will be TDM centric for
next 2 to 3 years. Applications are taking center stage in voice platform
decisions. Overall decisions around enterprise communications are now shifting
towards Unified Communications deployment. Company has one of the strongest
portfolio and skill set to address this market opportunity.
Excellent growth
in Data Networking and Security market is well addressed by its Enterasys data
infrastructure portfolio it is the best fit for this growing market. Company is
addressing this market opportunity with reseller network as well as large
system integration projects.
Video conferencing
has shown highest growth in adoption. The market can be addressed as standalone
Videoconferencing / Telepresence solutions as well as part of integrated UC
portfolio. These solutions will be more in demand now as businesses are looking
for cost cutting on travel expenses and earn carbon credits. Natural extension
to video conferencing business is Audio / Video integration business and
Company has the required technology tie ups and in house skill set to address
these system integration opportunities.
Specialized
vertical solutions for industries are in demand. Company has dedicated
solutions for Banking Industry and Hospitality Industry and they will be
addressing this specific market segment.
As an effort to address
larger IT Server and Storage market segment, Company has formed strategic tie
ups with Fujitsu. This will be a substantial business area in FY2012.
Communication is fast moving towards data centric solution, with this alliance
Company will enhance its offerings for Data center solution end to end, i.e.
from cooling solutions, security, access control, fire, active and passive
networking and now servers and storage.
Most of the
service market is still around Lifecycle services. Professional services market
is still nascent and very much scattered. Managed Services is substantially
large market but focused only on FMS and Data / Server managed services. No
vendor in the market offers managed services for Voice platforms. Company has
also started activities to offer Professional Services like Network Audit,
trainings etc.
Cloud services are
still emerging. Private Cloud for Enterprise Communication is more interesting
for many large enterprise customers and most of the cloud investments will be
in Private Clouds. Company has end to end offering to address these Hosted
communication business opportunities via service providers.
Company has
evolved over the past years from a pure voice centric player to a Solution
Provider and a true system integrator with strong project management
capabilities. This has enabled the company to execute end to end solution
encompassing voice, video, data, and security bundled with array of services.
Customer
communication requirements are becoming complex and there is a demand to
integrate their business processes and communication systems to improve
employee productivity and reduce cost. Company with its system integration
skills and business process knowledge is well positioned to address this fast
growing customer demand.
FIXED ASSETS
- Goodwill
- Technical
Know-how
- Commercial
rights
- Computers
- Tools and
Test Equipment
- Office
Equipment
AS PER WEBSITE
PRESS RELEASES
INVOXIA AND SIEMENS
ENTERPRISE COMMUNICATIONS SUPPORT ANYWHERE WORKERS WITH AUDIO DOCKING STATION USING
OPENSCAPE MOBILITY
June 25, 2013
Invoxia joins Siemens Enterprise Communications Technology Partner Program supporting seamless mobile UC solutions in the office, conference rooms or home office
In a move to address the growing enterprise demand for solutions that integrate with consumer devices, Invoxia, a high-tech company specializing in quality telecommunication devices, and Siemens Enterprise Communications, a leading global provider of Unified Communications, today announced Invoxia's docking station now supports Siemens Enterprise Communications' OpenScape Mobility solutions. This makes it easier for today's "anywhere worker" to seamlessly use mobile UC applications on their preferred device, with advanced sound quality in any environment – at a desk, in a conference room or working from home.
OpenScape Mobility solutions provide users with VoIP, Video and comprehensive UC capabilities together with a next generation user experience via a single mobile application. With the Audioffice docking unit from Invoxia, a wide range of smartphones and tablets can be easily connected via Bluetooth, enabling users to manage incoming and outgoing calls, participate in conference calls and enjoy easy access to all of their contacts. Plus, with OpenScape Mobility's innovative Call Swipe Feature, users can easily move calls from the Invoxia docking station to any device on any network and back, all while maintaining superior HD sound quality.
Invoxia has also joined Siemens Enterprise Communications' Technology Partner Program, which enables vendors to achieve and prove compatibility with the open interfaces of OpenScape solutions via access to product specifications and a framework for interoperability-testing. As a Technology Partner Program member, Invoxia has worked closely with Siemens Enterprise Communications developers to ensure optimum interoperability of Audioffice with the OpenScape Mobility solutions. This assures customers the solutions will work seamlessly and reliably together.
The Audioffice's design enables customers to participate in conversations with an unmatched quality of sound. Invoxia has developed sophisticated algorithms which enable users to benefit from the full potential of 'In Vivo Acoustic' technology with an inbuilt system which eliminates echoes and background noise in order to achieve high quality phone calls. A key advantage of this technology is that hands free telephony becomes more enjoyable and comfortable, whilst an optional corded handset is also provided which offers people the opportunity to enjoy one-to-one conversations.
The new Audioffice offers a seamless solution because connecting it to mobile devices is very easy; it can be automatically paired via Bluetooth. Thanks to the dedicated removable holder and three USB adapter options, it is also possible to connect and charge any device such as tablets or smartphones using USB connectivity.
JABRA AND SIEMENS
ENTERPRISE COMMUNICATIONS TO PROVIDE SEAMLESS MOBILE UC
Jabra headset is the
first to support OpenScape Mobile Call Swipe feature to easily move UC
conversations among laptop, desk phone and mobile device
(COPENHAGEN, DENMARK, 29 May, 2013) – Jabra, a world leader in hands-free audio solutions, and Siemens Enterprise Communications, a leading global provider of Unified Communications, today announced that the latest Jabra Bluetooth® headset will support Siemens Enterprise Communications’ OpenScape Mobile Call Swipe feature, making it easier and faster for users to seamlessly switch from one device to another without losing connection or switching headsets.
The OpenScape Mobile Call Swipe feature allows the user, with a simple swipe, to move their voice conversations from an office phone or laptop to a mobile device and back again, making the user truly mobile. Through this strategic partnership, Jabra and Siemens Enterprise Communications have collaborated to integrate Jabra headsets and mobile devices into the OpenScape platform so customers can be sure that their unified communication solution delivers the optimal sound quality, offers the opportunity for a faster user adoption and easier deployment.
“Breakthroughs in the league of OpenScape Call Swipe are not something we see every day, even in this innovative and high-tech industry, “says Holger Reisinger, Jabra Vice President of Marketing, Products and Alliances. “OpenScape Call Swipe is one of the few features we have seen appear in recent years, which is solving a longstanding, low-tech challenge for mobile workers, moving from the office to the car without having to interrupt the call to change device. – Call Swipe deserves to become industry standard.”
When moving from one environment to the other, users need
crystal clear sound and reliable connections. Featuring the latest and
intelligent motion technology, the Jabra MotionTM UC allows users to
communicate easily, both in the office and on the go. The built-in motion
sensors react to even the slightest movements, adjusting the volume to the surroundings
and enabling an intuitive call control – by automatically answering the call
when picked-up.
“This collaboration with Jabra provides customers an excellent headset option
for superior audio quality and connections when using OpenScape Mobile,” said
Randy Roberts, Vice President, Mobile Portfolio, Siemens Enterprise
Communications. “For both audio-only and video enabled communications,
OpenScape Mobile and Jabra make it easy for users to enjoy true mobility.”
In March of 2013, OpenScape Mobile and the Jabra Motion UC headset were both nominated finalists for the ‘Best of Enterprise Connect Award 2013’.
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.59.15 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.