PRELIMINARY
REPORT
|
Report Date : |
13.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIEBOLD INDIA PRIVATE LIMITED |
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|
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|
Registered Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
12.10.2001 |
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Com. Reg. No.: |
11-150281 |
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Capital Investment / Paid-up Capital : |
Rs. 112.621 Millions |
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|
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|
CIN No.: [Company
Identification No.] |
U72200MH2001PTC150281 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD09901D |
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PAN No.: [Permanent
Account No.] |
AABCD6330N |
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Legal Form : |
Private Limited Liability Company |
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|
Line of Business : |
Manufacturing of Automated Teller Machines (ATMs) and Networked Cash
Dispensers (each including both Hardware and Software Components), Associated
Components, Software and Other IT Sector Goods and Services. |
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|
|
|
No. of Employees : |
Information denied by the management. |
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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.
INFORMATION DECLINED
Management non co-operative [91-22-66774900]
LOCATIONS
|
Registered / Corporate Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A Western
Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
|
Tel.
No.: |
91-22-6677 4900 / 6677 4906 |
|
Fax
No.: |
91-22-6677 4901 |
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Email
: |
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|
Website
: |
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|
Location
: |
Owned |
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|
|
|
Services Centre : |
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Tel No.: |
91-22-30969600 |
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Fax No.: |
91-22-30969966 |
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|
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Software
Development Centre : |
Unit 401, 4th Floor, Bldg. No. 16, Interface IT
Park, Malad (West) Mumbai – 400064, |
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Tel.
No.: |
91-22 – 66497500 |
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Fax
No.: |
91-22 – 66497600 |
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|
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|
Factory : |
45/46, Tivim Industrial Estate, Karaswada, Mapusa, Goa –
403526, |
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Tel.
No.: |
91-832-6655478 |
|
Fax
No.: |
91-832-2258170 |
|
Mobile
No. : |
91-9370888819 |
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Area
: |
10000 Sq. ft |
|
Location
: |
Owned |
|
|
|
|
Regional
Office : |
28/3 (Old 54/3) |
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Tel.
No.: |
91-44 - 2855 5196 / 2851 2416 |
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Fax No.: |
91-44 - 2855 0577 |
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|
|
|
Branch Office : |
Located At:
|
DIRECTORS
AS ON 23.08.2012
|
Name : |
Mr. Naresh Murali Hosangady |
|
Designation : |
Director |
|
Address : |
B – 2203, |
|
Date of Birth/Age : |
04.07.1960 |
|
Qualification : |
MBA |
|
Date of Appointment : |
14.02.2007 |
|
DIN No.: |
01402981 |
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|
|
|
Name : |
Wico Everard Van Genderen |
|
Designation : |
Director |
|
Address : |
11 Sorrel Run, MT |
|
Date of Birth/Age : |
09.10.1958 |
|
Date of Appointment : |
02.04.2012 |
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DIN No.: |
05251981 |
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|
|
|
Name : |
Mr. Shripad Kulkarni |
|
Designation : |
Alternate Director |
|
Address : |
Flat No. 003, Building I, |
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Date of Birth/Age : |
01.12.1969 |
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Date of Appointment : |
02.04.2012 |
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DIN No.: |
05265138 |
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Name : |
|
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
01.04.1972 |
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Qualification : |
Post Graduate |
|
Date of Appointment : |
08.09.2011 |
|
DIN No.: |
03565371 |
|
|
|
|
Name : |
Jing Zhou |
|
Designation : |
Director |
|
Address : |
Room No. 1105, Building 8, 428, Chang Ping Road, |
|
Date of Birth/Age : |
31.01.1975 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
05252166 |
KEY EXECUTIVES
|
Name : |
Mr. Jaiwant Rege |
|
Designation : |
Company Secretary |
|
Address : |
House No. 5, Near Municipal Market Quepem, Goa - 403705, |
|
Date of Birth/Age : |
07.05.1986 |
|
Date of Appointment : |
02.07.2012 |
|
Pan No.: |
AVMPR6596H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.08.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Diebold, Incorporated, |
|
589358 |
|
|
|
5000 |
|
Diebold Switzerland Holding Company, |
|
10667708 |
|
|
|
|
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TOTAL
|
|
11262066 |
AS ON 23.08.2012
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
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 : |
Manufacturing of Automated Teller Machines (ATMs) and Networked Cash
Dispensers (each including both Hardware and Software Components), Associated
Components, Software and Other IT Sector Goods and Services. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials and Finished Goods |
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Countries : |
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GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B. S. R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills
Compound, N.M. Joshi Marg, Mahalakshmi, Mumbai – 400011, |
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PAN No.: |
AAAFB9852F |
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Holding Company : |
Diebold Switzerland Holding Company Sarl |
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Ultimate Holding Company : |
Diebold Incorporated, U.S.A |
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Fellow Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11262066 |
Equity Shares |
Rs.10/- each |
Rs.112.621
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 |
|
112.621 |
112.621 |
|
(b) Reserves & Surplus |
|
165.152 |
119.346 |
|
(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) |
|
277.773 |
231.967 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
4.275 |
3.008 |
|
Total Non-current
Liabilities (3) |
|
4.275 |
3.008 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.000 |
0.000 |
|
(c)
Other current liabilities |
|
605.370 |
467.117 |
|
(d) Short-term
provisions |
|
14.438 |
4.534 |
|
Total Current
Liabilities (4) |
|
619.808 |
471.651 |
|
|
|
|
|
|
TOTAL |
|
901.856 |
706.626 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
65.867 |
73.142 |
|
(ii)
Intangible Assets |
|
1.483 |
1.203 |
|
(iii)
Capital work-in-progress |
|
0.327 |
3.534 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
10.422 |
5.964 |
|
(d) Long-term Loan and Advances |
|
51.558 |
37.567 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
129.657 |
121.410 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
223.187 |
134.351 |
|
(c)
Trade receivables |
|
374.606 |
272.122 |
|
(d) Cash
and cash equivalents |
|
3.287 |
2.231 |
|
(e)
Short-term loans and advances |
|
171.119 |
176.512 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
772.199 |
585.216 |
|
|
|
|
|
|
TOTAL |
|
901.856 |
706.626 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.100 |
|
|
2] Share Application Money |
|
|
4.865 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(79.398) |
|
|
NETWORTH |
|
|
(73.433) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
140.000 |
|
|
TOTAL BORROWING |
|
|
140.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
66.567 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
78.714 |
|
|
Capital work-in-progress |
|
|
0.575 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
153.632
|
|
|
Sundry Debtors |
|
|
685.100
|
|
|
Cash & Bank Balances |
|
|
44.326
|
|
|
Other Current Assets |
|
|
0.124
|
|
|
Loans & Advances |
|
|
143.172
|
|
Total
Current Assets |
|
|
1026.354 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1000.781 |
|
|
Other Current Liabilities |
|
|
7.197
|
|
|
Provisions |
|
|
31.098
|
|
Total
Current Liabilities |
|
|
1039.076
|
|
|
Net Current Assets |
|
|
(12.722)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
66.567 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income From Operations |
1506.488 |
1218.844 |
1569.255 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
129.119 |
98.720 |
51.553 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
19.245 |
17.182 |
12.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
109.874 |
81.538 |
39.541 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
64.067 |
32.142 |
13.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
45.807 |
49.396 |
26.541 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
26.102 |
2.211 |
0.615 |
|
|
|
Re-imbursement expenses |
0.000 |
0.000 |
0.168 |
|
|
TOTAL EARNINGS |
26.102 |
2.211 |
0.783 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Traded Spares |
693.564 |
337.815 |
759.338 |
|
|
|
Capital Items Purchased |
1.311 |
3.600 |
0.000 |
|
|
TOTAL IMPORTS |
694.875 |
341.415 |
759.338 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.07 |
4.39 |
241.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.33
|
11.70 |
3.57
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.35 |
(0.53)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
(1.91)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.24 |
0.98
|
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) |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office address of the company
has shifted from “4th Floor, "C" Wing,
INDEX OF CHARGES:
NO CHARGES EXIST FOR COMPANY.
BACKGROUND:
Subject
incorporated on 12 October 2001 as a private limited company. The Company is a
subsidiary of Diebold Switzerland, Holding Company Sarl, (the Holding company)
which is a subsidiary of Diebold Incorporated, (the Ultimate Holding Company).
The Company is
primarily engaged in manufacturing (w.e.f August 2005) of Automated Teller
Machines (ATMs) and networked cash dispensers (each including both hardware and
software components), associated components, software and other IT sector goods
and services in India.
CONTINGENT
LIABILITIES:
Rs.
In Millions
|
Particulars
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Bank Guarantees |
0.500 |
0.500 |
|
Disputed Income Tax Dues |
40.270 |
40.270 |
|
Disputed Indirect tax dues |
14.480 |
0.000 |
|
TOTAL
|
55.250 |
40.770 |
FIXED ASSETS:
·
· Building
· Plant and Machinery
· Office Equipments
· Computers
· Furniture and Fixtures
· Vehicles
· Computer Software
PRESS RELEASE:
DIEBOLD TO INSTALL APPROXIMATELY 1,700 ATMS FOR STATE BANK OF
16 May 2011
MUMBAI, India, May 16, 2011 /PRNewswire via COMTEX/
-- The State Bank of India (SBI), India's largest bank, has signed an agreement
with U.S.-based automated teller machine (ATM) provider Diebold, Incorporated
(NYSE: DBD) for yet another ATM expansion project for State Bank Group (SBG).
The group's strategy is to expand its reach and leverage its brand in the
region through branch and retail deployments.
As part of the contract, Diebold will deploy
approximately 1,000 cash dispensers (CDs), more than 600 full-function lobby
ATMs and approximately 60 cash recyclers. After this expansion is complete,
SBG's total ATM network will grow to more than 28,000 terminals. This is part
of SBG's plan to support its strategic self-service expansion plan and serve
its widespread customer base across
"As the self-service market evolves, automated
self-service deposit functions continue to gain popularity," said Naresh
Hosangady, vice president and managing director,
Diebold is providing the SBG with its full-function
models D450 ATM and D422 CD specially designed for
Power consumption on these ATMs will be
approximately 40 percent less than conventional processors. Also featured on
these ATMs and CDs are:
Deposit automation functionality for the SBG will be enabled by
Diebold's Opteva® 328 bulk cash recycling ATM, which is a high-capacity cash
deposit and recycling terminal with a compact footprint. Unlike envelope
deposits, this technology allows for validation of currency during the deposit,
immediate credit to the consumer's bank account. The bulk cash recycling ATM is
able to emulate a teller transaction while validating each note, helping to
reduce the risk of fraud. It also doubles up for routine cash withdrawal
transactions.
With more than 17,000 branches, SBG offers the largest banking network
to Indian customers. The ongoing ATM network expansion plan will strengthen
SBG's mission of providing banking services and solutions across the length and
breadth of the country.
ABOUT DIEBOLD
Diebold
ABOUT DIEBOLD
Diebold, Incorporated is a global leader in
providing integrated self-service delivery and security systems and services. Diebold
employs approximately 16,000 associates with representation in nearly 90
countries worldwide and is headquartered in the
DIEBOLD RECEIVES 2011
INDIAN MANUFACTURING EXCELLENCE AWARD
MUMBAI, India— Diebold India, a wholly-owned
subsidiary of Diebold, Incorporated (NYSE: DBD), received the ‘Super Platinum
Award’ for excellence in manufacturing for its Goa manufacturing facility at
the recently concluded India Manufacturing Excellence Awards (IMEA) 2011. IMEA
is an annual award program conducted by Frost and Sullivan. This award program
recognizes excellence in manufacturing practices that lead to higher levels of
customer satisfaction and return on total assets.
Each year, Frost and Sullivan, conduct the country’s largest on-site audit of
manufacturing practices and present the India Manufacturing Excellence Award to
recognize and applaud efforts of manufacturing companies toward achieving
excellent-to-world-class manufacturing status.
“We are dedicated to delivering world-class solutions to our customers for an
enriched customer experience and this award is dedicated to our customers,”
said Naresh Hosangady, vice president and managing director,
Diebold’s plant in
With a mission “to recognize the Indian manufacturing capability and assess its
global competitiveness,” IMEA has a robust, highly acclaimed and constantly
updated assessment process in place derived from the best global manufacturing
practices. Being the only one of its kind in
ABOUT DIEBOLD
Diebold
ABOUT DIEBOLD
Diebold, Incorporated is a global leader in providing integrated self-service
delivery and security systems and services. Diebold employs approximately
16,000 associates with representation in nearly 90 countries worldwide and is
headquartered in the
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.63.59 |
|
|
1 |
Rs.101.56 |
|
Euro |
1 |
Rs.85.15 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.