MIRA INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAPGEMINI INDIA PRIVATE LIMITED (w.e.f. 07.09.2007) |
|
|
|
|
Formerly Known
As : |
KANBAY SOFTWARE ( |
|
|
|
|
Registered
Office : |
Plant 2, Block “A”, Godrej IT Park, Godrej and Boyce Compound, LBS
Marg, Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.09.1992 |
|
|
|
|
Com. Reg. No.: |
11-197069 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.73.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
u72200mh1992ptc197069 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2632B |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
The Company is engaged in software development and related services providing consulting, technology and outsourcing services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 83000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘CAPGEMINI US LLC’. It is an established company having a fine track record. Financial position of the company is decent. Net worth of the company
appears to be strong and health. There appears no external borrowing taken by
the company, it is operating on its owned fund. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered 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.
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-Cooperative (91-22-66860500)
LOCATIONS
|
Registered Office : |
Plant 2, Block “A”, Godrej IT Park, Godrej and Boyce Compound, LBS
Marg, Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-66421000 / 67557000 |
|
Fax No.: |
91-22-25187100 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Leased |
|
|
|
|
Branches : |
Located At:
|
DIRECTORS
As on 26.08.2013
|
Name : |
Mr. Hubert Paul Henri Giraud |
|
Designation : |
Director |
|
Address : |
14, Rue, Barbette |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
00817709 |
|
|
|
|
Name : |
Mr. Salil Satish Parekh |
|
Designation : |
Director |
|
Address : |
602, |
|
Date of Appointment : |
22.03.2007 |
|
Date of Birth/Age : |
05.06.1964 |
|
DIN No.: |
01876159 |
|
|
|
|
Name : |
Mr. Pierre Yves Cros |
|
Designation : |
Director |
|
Address : |
Little ST Michaels West Heath, Oxted RH80QS, |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
02017700 |
|
|
|
|
Name : |
Mr. Philippe Grangeon Pierre |
|
Designation : |
Director |
|
Address : |
8 Rue Des Saints-Peres Paris-75007 |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
02275201 |
|
|
|
|
Name : |
Ms. Aruna Jayanthi |
|
Designation : |
Director |
|
Address : |
C-62, Belapur, 37 D, Nepean Sea Road, Mumbai – 400036, Maharashtra,
India |
|
Date of Appointment : |
02.08.2011 |
|
Date of Birth/Age : |
05.09.1962 |
|
DIN No.: |
00817860 |
|
|
|
|
Name : |
Mr. Jermy Nicholas Roffe Vidal |
|
Designation : |
Director |
|
Address : |
50 R Du Chateau, Boulonge, Billancour, USA 92100 |
|
Date of Appointment : |
30.07.2012 |
|
DIN No.: |
03644038 |
|
|
|
|
Name : |
Mr. Aftab Zaid Ullah |
|
Designation : |
Additional Director |
|
Address : |
Buena Vista SNO 138, HNO1A/1A/1/1A, Pashan, Pune - 412021,
Maharashtra, India |
|
Date of Birth/Age : |
23.08.1970 |
|
Date of Appointment : |
30.07.2012 |
|
DIN No.: |
05165334 |
KEY EXECUTIVES
|
Name : |
Ms. Armin Behram Billimoria |
|
Designation : |
Secretary |
|
Address : |
R-17, Godrej Baug, Off |
|
Date of Appointment : |
05.09.2008 |
|
PAN No.: |
AADPB5862E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Capgemini Financial Services International Inc., |
|
4504 |
|
Kanbay (Asia) Limited, |
|
195850 |
|
Capgemini |
|
537081 |
|
Capgemini Holding Inc., |
|
1 |
|
Total |
|
737436 |
As on 26.08.2013
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 : |
The Company is engaged in software development and related
services providing consulting, technology and outsourcing services. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
The Saraswat Co-Operative Bank Limited, Vikhroli Branch |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compoundm N.M.
Joshi Marg, Mumbai – 400011, Maharashtra, India |
|
PAN No.: |
AAKFB4397F |
|
|
|
|
Subsidiary Company
: |
Pune Software Park Private Limited |
CAPITAL STRUCTURE
As on 26.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14800000 |
Equity Shares |
Rs.100/- each |
Rs.1480.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
737436 |
Equity Shares |
Rs.100/- each |
Rs.73.744
Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14800000 |
Equity Shares |
Rs.100/- each |
Rs.1480.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
737000 |
Equity Shares |
Rs.100/- each |
Rs.73.700
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
73.700 |
73.700 |
73.700 |
|
(b) Reserves & Surplus |
20840.500 |
14859.000 |
14263.100 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
20914.200 |
14932.700 |
14336.800 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
317.000 |
534.400 |
177.800 |
|
(d) long-term
provisions |
2027.600 |
1697.100 |
1360.100 |
|
Total Non-current
Liabilities (3) |
2344.600 |
2231.500 |
1537.900 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
131.100 |
1027.500 |
1172.200 |
|
(c) Other
current liabilities |
4265.100 |
4283.600 |
2690.300 |
|
(d) Short-term
provisions |
1075.700 |
775.800 |
530.400 |
|
Total Current
Liabilities (4) |
5471.900 |
6086.900 |
4392.900 |
|
|
|
|
|
|
TOTAL |
28730.700 |
23251.100 |
20267.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6290.400 |
4421.900 |
4073.200 |
|
(ii)
Intangible Assets |
235.200 |
250.600 |
280.200 |
|
(iii)
Capital work-in-progress |
10.600 |
680.900 |
439.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
174.600 |
174.600 |
1022.300 |
|
(c) Deferred tax assets (net) |
1322.900 |
822.700 |
237.200 |
|
(d) Long-term Loan and Advances |
1444.900 |
1203.500 |
753.500 |
|
(e) Other
Non-current assets |
3.300 |
3.700 |
3.100 |
|
Total Non-Current
Assets |
9481.900 |
7557.900 |
6808.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
6716.000 |
6666.700 |
5434.500 |
|
(d) Cash
and cash equivalents |
10063.900 |
6508.400 |
4284.600 |
|
(e)
Short-term loans and advances |
505.300 |
578.400 |
1683.200 |
|
(f) Other
current assets |
3163.600 |
1939.700 |
2056.800 |
|
Total
Current Assets |
20448.800 |
15693.200 |
13459.100 |
|
|
|
|
|
|
TOTAL |
28730.700 |
23251.100 |
20267.600 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
46806.400 |
37639.700 |
31413.000 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
46806.400 |
37639.700 |
31413.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
39285.200 |
31901.000 |
26651.000 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
39285.200 |
31901.000 |
26651.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7521.200 |
5738.700 |
4762.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
207.400 |
183.900 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7313.800 |
5554.800 |
2588.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1666.100 |
1317.300 |
1087.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5647.700 |
4237.500 |
3675.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1566.200 |
954.100 |
623.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4081.500 |
3283.400 |
3052.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
40077.700 |
34365.100 |
28588.900 |
|
|
TOTAL EARNINGS |
40077.700 |
34365.100 |
28588.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
491.500 |
468.200 |
375.700 |
|
|
TOTAL IMPORTS |
491.500 |
468.200 |
375.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5535.00 |
4452.00 |
3853.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.72
|
8.72 |
0.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.87
|
19.64 |
19.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.28 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.74
|
2.58 |
3.06 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: NOT AVAILABLE
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
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 |
|
LITIGATION DETAILS |
|||||||
|
HIGH COURT OF BOMABY |
|||||||
|
Bench:- Bombay |
|||||||
|
Stamp No:- |
ITXAL/337/2012 |
Failing Date:- |
17/02/2012 |
Reg. No.:- |
ITXA/482/2012 |
Reg. Date:- |
29/05/2012 |
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX |
Respondent:- |
CAPGEMINI INDIA PRIVATE LIMITED |
||||
|
Petn.Adv:- |
TEJVEER SINGH |
Reso. Adv.:- |
ATUL K. JASANI |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
Single |
Category:- |
Tax Appeals |
||||
|
Status:- |
Pre-Admission |
Stage:- |
|||||
|
Last Date:- |
15/11/2013 |
||||||
|
Last Coram:- |
According to sitting List According to sitting List |
||||||
|
Act:- |
Income Tax Act, 1961 |
||||||
Note:
The registered office of the company has been shifted from
SEP-2, B-3, Godrej Industries Complex, Eastern Express Highway, Vikhroli,
Mumbai – 400079, Maharashtra, India to present address w.e.f. 23.04.2012
COMPANY OVERVIEW
Subject is a private limited company headquarted in India. It is incorporated under the Companies Act, 1956. The Company is engaged primarily in software development and related services providing consulting, technology and outsourcing services. The Company caters primarily to customers in the international market.
OPERATIONS
Total income during the year increased from Rs. 37639.700 Millions to Rs.46806.400 Millions. Out of the above, revenue from software operations increased from Rs.36084.600 Millions to Rs.45911.600 Millions at a growth rate of 27.23%. Out of the revenue from software operations, 44.56% came from Europe, 41.96% from America, 7.36% from India and 6.12% from Rest of the world. The Company has registered growth in all these geographic segments during the year. Operating profit increased from Rs.5738.700 Millions to Rs.7521.200 Millions, higher by 31.06%. Profit after tax increased was higher by 24.31% from Rs.3283.400 Millions to Rs.4081.500 Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90288646 |
13/12/2005 |
778,926.00 |
ICICI BANK LIMITED |
23-SANTHOME HIGH ROAD, CHENNAI, TAMIL NADU - 600028, INDIA |
- |
|
2 |
90285478 |
06/02/2002 |
2,500,000.00 |
THE PUNJAB NATIONAL BANK |
MYLAPORE BRANCH, CHENNAI, TAMIL NADU - 600004, INDIA |
- |
|
3 |
80018969 |
29/05/1996 |
3,500,000.00 |
CENTRAL BANK OF INDIA |
PIMPRI BRANCH, PUNE, MAHARASHTRA - 411033, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computer Software
- Computer Equipment
- Computer Software
- Furniture and Fixtures
- Office Equipments
AS PER WEBSITE
PRESS RELEASES
RESULTS OF THE
REPURCHASE OFFER OF THE OCEANES DUE JANUARY 1, 2014 (THE “2014 OCEANES”)
Paris, November 4, 2013 – Cap Gemini S.A. announces the repurchase of 84% of 2014 OCEANEs pursuant to the reverse bookbuilding process led on October 18, 2013 and the repurchase offer conducted in France from October 21, 2013 to October 25, 2013 inclusive.
Additional settlement and delivery of 2014 OCEANEs that may occur in the coming days could increase the final volume of 2014 OCEANEs repurchased to approximately 85%.
The final results of the repurchase offer will be published on November 7, 2013.
About the Capgemini
Group
With more than 125,000 people in 44 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2012 global revenues of EUR 10.3 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
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 records 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] 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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
52 |
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.