MIRA INFORM REPORT
|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIEMENS TECHNOLOGY AND SERVICES PRIVATE LIMITED (w.e.f. 23.04.2012) |
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Formerly Known
As : |
SIEMENS INFORMATION SYSTEMS LIMITED |
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Registered
Office : |
130, Pandurang Budhkar Marg, Worli, Mumbai- 400018,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
29.09.1986 |
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Com. Reg. No.: |
11-093854 |
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Capital Investment
/ Paid-up Capital : |
Rs. 96.854 millions |
|
|
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|
CIN No.: [Company Identification
No.] |
U99999MH1986PLC093854 |
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|
|
PAN No.: [Permanent Account No.] |
AAACS9788E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in Software Development,
Consultancy, Corporate Finance Audit, Management Consulting, Investor
Relations, Financial Services, Business Process Outsourcing Operations and
Contract Centre Services (IT enabled Services). |
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|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
|
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 8000000 |
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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 subsidiary of ‘Siemens Pte Limited’. It is a
well-established company having a fine track record. The liquidity position of the company is sound and healthy. The
performance capability is high. Trade relations are decent. Business is active. Payment terms are
regular and as per commitment. The company 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.
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 (GENERAL DETAILS)
|
Name : |
Mr. Nikunj |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-39677000 |
|
Date : |
24.05.2013 |
LOCATIONS
|
Registered Office : |
130, Pandurang Budhkar Marg, Worli, Mumbai- 400018,
Maharashtra, India |
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Tel. No.: |
91-22-39677000 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office : |
Located at
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DIRECTORS
As on 10.12.2012
|
Name : |
Armin Hans Wolfgang Bruck |
|
Designation : |
Director |
|
Address : |
OSK Curgamata Tower, Co-operative Housing Society, Flat No. 2801 and 2901, CTS No.80, Nathalal Parekh Marg, Opposite Hotel Resident, Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
06.02.1963 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
01663706 |
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Name : |
Sunil Dass Mathur |
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Designation : |
Director |
|
Address : |
B-1/29-30, Prithvi Apartments, Altamont Road, Off Anstey Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1963 |
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Date of Appointment : |
01.10.2008 |
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DIN No.: |
02261944 |
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|
Name : |
Gerd Herbert Hoefner |
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Designation : |
Managing director |
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Address : |
No.34, Dodsworth Enclave, Borewell Road, Whitefield, Bangalore-560066, Karnataka, India |
|
Date of Birth/Age : |
22.04.1959 |
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Qualification : |
Computer Sience with Economics |
|
Experience : |
10 Years |
|
Date of Appointment : |
01.10.2010 |
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PAN No.: |
ABKPH7648Q |
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DIN No.: |
03233312 |
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Name : |
Mr. Naveen Mohan |
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Designation : |
Whole-time director |
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Address : |
1B, Thomas Manor, Richmond Road, Bangalore-560001, Karnataka, India |
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Date of Birth/Age : |
25.04.1966 |
|
Qualification : |
CA |
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Date of Appointment : |
12.12.2011 |
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PAN No.: |
ADHPM7483M |
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DIN No.: |
00253367 |
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|
Name : |
Kai Eberhard Lueg |
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Designation : |
Director |
|
Address : |
Verhoevenstr 4, Munich 81739 Germany |
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Date of Birth/Age : |
12.04.1963 |
|
Date of Appointment : |
12.12.2011 |
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DIN No.: |
02956760 |
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Name : |
Sigrid Katharina Dengler |
|
Designation : |
Additional director |
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Address : |
Lackerbauerstr 5B, Munich 81241 |
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Date of Birth/Age : |
12.02.1965 |
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Date of Appointment : |
06.03.2012 |
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DIN No.: |
05210342 |
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Name : |
Klaus Josef Helmrich |
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Designation : |
Additional director |
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Address : |
Retzendoorf 5, Windbach 91575 |
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Date of Birth/Age : |
24.05.1958 |
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Date of Appointment : |
31.05.2012 |
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DIN No.: |
05243262 |
KEY EXECUTIVES
|
Name : |
Sarika Shrikrishna Amlekar |
|
Designation : |
Secretary |
|
Address : |
C-906, Spring Leaf 5 CHS Limited, Lokhandwala Township, Akruti Road, Kandivali (East), Mumbai-400101, Maharashtra, India |
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Date of Birth/Age : |
03.12.1985 |
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Date of Appointment : |
01.03.2012 |
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PAN No.: |
AMJPA0079J |
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Name : |
Stephan Meier |
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Designation : |
Sub Segment Head |
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Name : |
Mukul Saxena |
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Designation : |
Head of Research |
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Name : |
Darien Brent-Leigh Palmer |
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Designation : |
Sub Segment Head |
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Name : |
Peeush Kumar Bishnoi |
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Designation : |
Head of Research Group |
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Name : |
Klaus Nonnen |
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Designation : |
Lead Engineer Design and Development |
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Name : |
Florian Maximilian Duerre |
|
Designation : |
Project Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Siemens Pte Limite, Singapore |
|
9685198 |
|
Petnet Radiopharmaceutical Solutions Private Limited, India |
|
250 |
|
Total |
|
9685448 |
As on 10.12.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in Software Development,
Consultancy, Corporate Finance Audit, Management Consulting, Investor Relations,
Financial Services, Business Process Outsourcing Operations and Contract
Centre Services (IT enabled Services). |
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Products : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
|
No. of Employees : |
1000 (Approximately) |
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Bankers : |
Citi Bank NA, Sakhar Point, Nariman Point, Mumbai-400021, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.V. Ghatalia and Associates Chartered Accountants |
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Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai-400028, Maharashtra, India |
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PAN No.: |
AACFS6921Q |
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Holding Company : |
Siemens PTE Limited, Singapore |
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Ultimate Holding
company: |
Siemens AG, Germany |
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Fellow Subsidiary
company: |
· Siemens IT Solutions and Services Limited (Upto June 30, 2011), United Kingdom · Siemens Schweiz AG, Switzerland · Siemens IT Solutions and Services Inc (Upto June 30, 2011), USA · Siemens IT Solutions and Services (Upto June 30, 2011), Belgium · OOO Siemens, Russia · Siemens Limited, India · Siemens Limited, South Africa · Siemens Limited, Thailand · Siemens Holding S.L, Spain · Siemens Healthcare Diagnostics Limited, India (merged with Siemens Limited India from March 31, 2011) · Siemens Rolling Stock Private Limited, India (merged with Siemens Limited - India from March 31, 2011) · Siemens AG Oesterreich, Austria · Siemens Limited, Australia · Siemens Energy Inc, USA · Siemens Limited, China · Siemens Industry Software Private Limited, India · Siemens Corporation, USA · Siemens Industry Inc., USA · SIS A/S, Denmark · SIS Canada Inc, Canada · SIS B.V, Netherland · SIS SA Limited, South Africa · S' Wind Power, Denmark · Siemens S.R.O, Czech Republic · Siemens OY, Finland · Siemens S A S, France · S' PSE Company Limited, China (People's Republic) · Siemens IT Dienstleistung und, Germany · evosoft GmbH, Germany · Siemens Financial Services Inc, USA · SD (ME) LLC UAE United Arab Emirates · Siemens S.A., Portugal · Siemens VAI MetalsTechnologies Private Limited, India (Mergedwith Siemens Limited from October 1,2011) · Siemens Healthcare Diagnostics Inc, USA · Siemens Medical Solutions Health Services Corporation, USA · Siemens IT Solutions and Services Private Limited (Upto June 30, 2011), India · Siemens IT Solutions and Services Gmbh (Upto June 30, 2011), Germany · Morgan Construction Company India Private Limited, India (Merged with Siemens Limited from October 1, 2011) · Siemens Medical Solutions Inc, USA · Siemens Power Engineering Private Limited, India CIN No.: U74140HR1998PTC033948 · Siemens Inc, Philipines · Siemens Product Life Cycle Management Software (SG) Pte. Limited, Singapore · Siemens Product Lifecycle Management Private Limited, India · SIS GmbH, Germany · Winergy Drive Systems India Private Limited, India CIN No.: U34300TN2004PTC054318 · Siemens Financial Services Private Limited, India CIN No.: U65990MH2010FTC208099 · Siemens Concentrated Solar Power Limited, Israel · ETM PC GmbH, Austria · Osram AG, Germany · Osram GmBH, Germany · S' Sha Medic., China · SPLMS, China · Siemens d.d., Croatia · PT Siemens Indonesien, Indonesia · SPLM Software K.K., Japan · Siemens S.A.E., Egypt · S' Schweiz AG, Germany · S'PLMS (HK) Limited, Hongkong · Siemens Malaysia Sdn Bhd, Malaysia · OSRAM SPA, Milano · SFS India, Mumbai · Siemens Manila, Philipines · S'PLMS (KR) Limited, South Korea · Siemens Renting S.A., Spain · Siemens Madrid (RG SPA), Spain · S Industry Inc, USA · SFS Inc., USA · R&S GmbH, Germany · Siemens Osakeyhtioe, Finland · OSRAM Edison-Clerici, Italy · Siemens PSE Company, China |
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Subsidiary Company: |
· Siemens Nixdorf Information Processing Services Private Limited CIN No.: U30000MH1996PTC096079 · eMeter India Private Limited CIN No.: U72300DL2008PTC172455 |
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Associate : |
Siemens Information Processing Services Private Limited, India CIN No.: U67190KA2000PTC027964 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9685448 |
Equity Shares |
Rs.10/- each |
Rs. 96.854 Millions |
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|
|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
96.854 |
68.150 |
68.150 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1908.567 |
2414.358 |
1576.320 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2005.421 |
2482.508 |
1644.470 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2005.421 |
2482.508 |
1644.470 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
901.384 |
634.322 |
621.429 |
|
|
Capital work-in-progress |
30.690 |
57.005 |
21.123 |
|
|
|
|
|
|
|
|
INVESTMENT |
65.800 |
29.996 |
29.996 |
|
|
DEFERRED TAX ASSETS |
206.525 |
330.059 |
293.115 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
272.012
|
311.928 |
952.430 |
|
|
Cash & Bank Balances |
472.135
|
1301.112 |
4019.609 |
|
|
Other Current Assets |
347.149
|
50.803 |
141.617 |
|
|
Loans & Advances |
3607.092
|
1441.267 |
1477.924 |
|
Total
Current Assets |
4698.388
|
3105.110 |
6591.580 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1952.673
|
1181.047 |
1052.549 |
|
|
Other Current Liabilities |
150.854
|
207.467 |
4218.807 |
|
|
Provisions |
1793.839
|
285.470 |
641.417 |
|
Total
Current Liabilities |
3897.366
|
1673.984 |
5912.773 |
|
|
Net Current Assets |
801.022
|
1431.126 |
678.807 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2005.421 |
2482.508 |
1644.470 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7480.167 |
4812.407 |
6786.746 |
|
|
|
Other Income |
692.330 |
444.728 |
921.904 |
|
|
|
TOTAL (A) |
8172.497 |
5257.135 |
7708.650 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
4168.420 |
3003.224 |
|
|
|
|
Other expenses |
2765.199 |
1485.668 |
|
|
|
|
Exceptional items |
0.000 |
(563.124) |
|
|
|
|
TOTAL (B) |
6933.619 |
3925.768 |
7054.165 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1238.878 |
1331.367 |
654.485 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1238.878 |
1331.367 |
654.485 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
264.865 |
159.400 |
263.857 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
974.013 |
1171.967 |
390.628 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
250.430 |
333.929 |
329.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
723.583 |
838.038 |
61.608 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1398.774 |
560.736 |
499.128 |
|
|
|
|
|
|
|
|
|
Add |
Balance transferred
pursuant to the scheme of amalgamation with SIPSPL |
477.851 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
Balance transferred
pursuant to the scheme of amalgamation with SCFPL |
56.894 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
75.079 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
1290.000 |
0.000 |
0.000 |
|
|
|
Tax on Proposed Dividend |
210.000 |
0.000 |
0.000 |
|
|
|
Interim Dividend Paid |
400.000 |
0.000 |
0.000 |
|
|
|
Dividend distribution tax paid |
64.900 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
617.123 |
1398.774 |
560.736 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Income from operations |
7441.986 |
4723.576 |
5261.346 |
|
|
TOTAL EARNINGS |
7441.986 |
4723.576 |
5261.346 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
182.854 |
142.176 |
35.796 |
|
|
TOTAL IMPORTS |
182.854 |
142.176 |
35.796 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
74.71 |
122.97 |
9.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.85
|
15.94 |
0.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.02
|
24.35 |
5.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.39
|
31.34 |
5.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.47 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.85 |
1.11 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Trade payables |
1952.673 |
1181.047 |
1052.549 |
|
|
|
|
|
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NATURE OF OPERATIONS
The Company is primarily engaged in software development, consultancy, corporate finance audit, management consulting, investor relations, financial services, business process outsourcing operations and contract centre services (IT enabled Services) mainly to its group companies.
On December 1, 2011, the Company changed its name from Siemens Information Systems Limited to Siemens Technology and Services Private Limited.
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
|
|
|
|
Disputed sales tax liability |
54.321 |
|
|
|
FIXED ASSETS
· Land and Building
· Freehold Land
· Leasehold Improvements
· Office Equipment
· Telecommunication Equipments
· Computer equipments
· Furniture and Fixture
· Motor 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.55.62 |
|
|
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
9 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
67 |
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.