MIRA INFORM REPORT
|
Report Date : |
03.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SONY MOBILE COMMUNICATIONS (INDIA) PRIVATE LIMITED (w.e.f. 18.04.2012) |
|
|
|
|
Formerly Known
As : |
SONY ERICSSON MOBILE COMMUNICATIONS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-31, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi -
110044 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.04.2007 |
|
|
|
|
Com. Reg. No.: |
55-162469 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32204DL2007FTC162469 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS47621A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM5132A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Mobile Handsets. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3260000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Sony Mobile Communication AB”. It is
having a satisfactory track record. The company is performing well. There appear no external borrowings
recorded during 2012. Financial as well as liquidity position seems to be
good. Trade relations are fair. 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
A-31, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi –
110044, India |
|
Tel. No. : |
91-11-66006600 / 39011111 |
|
\Fax No. : |
91-11-26959141 |
|
E-Mail : |
sandeep.kataria@sonymobile.com
|
|
|
|
|
Service Centre : |
104, Time Tower, Mehrauli, Gurgaon Road, Sector-28, Gurgaon – 122002,
Haryana India |
|
Tel. No.: |
91-124-4625055 |
DIRECTORS
As on 03.12.2012
|
Name : |
Mr. Paul John Gosse |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
806, Thomson Road, #07-13, Singapore 298189 |
||||||||||||||||||
|
Date of Birth/Age : |
17.09.1966 |
||||||||||||||||||
|
Date of Appointment : |
27.09.2010 |
||||||||||||||||||
|
DIN No. : |
03274190 |
||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Matthew John Lang |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
510 Thomson Road, #05-00, SLF Building, Singapore |
||||||||||||||||||
|
Date of Birth/Age : |
11.06.1963 |
||||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
||||||||||||||||||
|
DIN No. : |
03599613 |
||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Naoto Ishibashi |
||||||||||||||||||
|
Designation : |
Additional director |
||||||||||||||||||
|
Address : |
2-Chome, Nakano-Ku, Tokyo, Japan |
||||||||||||||||||
|
Date of Birth/Age : |
14.12.1954 |
||||||||||||||||||
|
Date of Appointment : |
03.12.2012 |
||||||||||||||||||
|
DIN No. : |
05267869 |
||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Sanjay Bhagava |
||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
D-7/7052, Vasant Kunj, New Delhi – 110070, India |
||||||||||||||||||
|
Date of Birth/Age : |
09.03.1964 |
||||||||||||||||||
|
Date of Appointment : |
26.08.2013 |
||||||||||||||||||
|
DIN No. : |
06451486 |
||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Tadato Kimura |
||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
C-593, 2nd Floor, Defence Colony, New Delhi – 110024, India |
||||||||||||||||||
|
Date of Birth/Age : |
17.02.1974 |
||||||||||||||||||
|
Date of Appointment : |
26.08.2013 |
||||||||||||||||||
|
DIN No. : |
06451499 |
||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 03.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sony Mobile Communications International AB, Sweden |
|
5000 |
|
Sony Mobile Communications AB, Sweden |
|
45000 |
|
Total |
|
50000 |
As on 03.12.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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 : |
Trader of Mobile Handsets. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, Tower B, DLF, Gurgaon - 122002, Haryana, India |
|
PAN No. : |
AAEFP3641G |
|
|
|
|
Holding Company : |
Sony Mobile Communication AB, Sweden |
|
|
|
|
Fellow Subsidiary
Company : |
· Sony India Private Limited CIN No.: U74899DL1994PTC062781 · Sony Mobile Communucation International AB (India Branch Office) · Sony Music Entertainment India Private Limited CIN No.: U92100MH2004PTC146706 · Sony Mobile Communication |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
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 |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
813.642 |
708.314 |
|
(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) |
|
814.142 |
708.814 |
|
|
|
|
|
|
(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 |
|
11.685 |
50.608 |
|
Total Non-current
Liabilities (3) |
|
11.685 |
50.608 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
468.735 |
271.994 |
|
(c) Other
current liabilities |
|
63.013 |
117.777 |
|
(d) Short-term
provisions |
|
166.160 |
144.635 |
|
Total Current
Liabilities (4) |
|
697.908 |
534.406 |
|
|
|
|
|
|
TOTAL |
|
1523.735 |
1293.828 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2.535 |
6.366 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
19.975 |
31.674 |
|
(d) Long-term Loan and Advances |
|
0.987 |
28.487 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
23.497 |
66.527 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
28.309 |
44.825 |
|
(c) Trade
receivables |
|
786.771 |
755.145 |
|
(d) Cash
and cash equivalents |
|
677.928 |
415.572 |
|
(e)
Short-term loans and advances |
|
6.376 |
11.427 |
|
(f) Other
current assets |
|
0.854 |
0.332 |
|
Total
Current Assets |
|
1500.238 |
1227.301 |
|
|
|
|
|
|
TOTAL |
|
1523.735 |
1293.828 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
606.355 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
606.855 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
606.855 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
18.690 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
20.144 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
69.179 |
|
|
Sundry Debtors |
|
|
973.358 |
|
|
Cash & Bank Balances |
|
|
1382.520 |
|
|
Other Current Assets |
|
|
1.126 |
|
|
Loans & Advances |
|
|
50.298 |
|
Total
Current Assets |
|
|
2476.481 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1714.138 |
|
|
Other Current Liabilities |
|
|
9.036 |
|
|
Provisions |
|
|
185.286 |
|
Total
Current Liabilities |
|
|
1908.460 |
|
|
Net Current Assets |
|
|
568.021 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
606.855 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
172.972 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
0.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
172.856 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
15.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
NA |
NA |
156.858 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
56.769 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
105.328 |
101.959 |
100.089 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2106.56 |
2039.18 |
2001.78 |
|
%20PRIVATE%20LIMITED%20-%20233404%2003-Sep-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20233404%2003-Sep-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
6.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
2.30 |
1.30 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
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 |
Profile
|
Client Industry |
Electronics and
Telecommunication. |
|
Client's discipline |
Telecom
Equipment |
General
|
The growth of
the client's industry is best described as: |
Growing |
|
Brief
description of the services and/or goods the client provides to the
marketplace: |
Smart Phones, Mobile
Phones, Mobile Music Devices, Wireless Systems, Wireless Voice Devices. |
|
What is the
legal structure of the client? |
Subsidiary of a
parent company |
|
What type of
company is the client? |
Multinational |
Credit Rating
|
Client's debt tracked
by a credit rating agency? |
No |
|
Name of credit
rating agency: |
-- |
|
Credit rating
class provided by credit rating agency: |
-- |
|
Client credit
rating: |
-- |
|
Report on credit
worthiness of client purchased from: |
-- |
Client Financials
|
Does the client
have a credit facility? |
No |
|
Do you have
financial information on this client? |
Yes |
|
Credit facility
type: |
-- |
|
Amount of credit
facility: |
Secured
:Rs.0.000 Million Unsecured
:Rs.0.000 Million |
|
Currency of financial
statements/data: |
INR Millions |
|
Annualized
revenues: |
NA |
|
Annualized COGS: |
NA |
|
Annualized
EBITDA: |
NA |
|
Annualized net
income: |
Rs.105.328
Millions |
|
Cash balance: |
Rs.0.000
Millions |
|
Marketable
Securities balance: |
-- |
|
Accounts
Receivable balance: |
Rs.786.771
Millions |
|
Current Assets
balance: |
Rs.1500.238
Millions |
|
Total assets
balance: |
Rs.1523.735
Millions |
|
Current
Liabilities balance: |
Rs.697.908
Millions |
|
Long-Term Debt
balance: |
Rs.0.000
Millions |
|
Equity balance: |
Rs.814.142
Millions |
|
Net cash
provided by operating activities: |
Rs.237.928
Millions |
|
Date of client's
financial data populated: |
31.03.2012 |
|
Financial
information provided above audited? |
Yes |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
NOTE
The registered office of the company has been shifted from 4th
Floor, Dakha House, 18/17, Wea Karol Bagh, New Delhi – 110005, India to the
present address w.e.f. 24.01.2013
GENERAL INFORMATION
The Company is engaged in the business of trading of Mobile Handsets. The company imports the goods from holding company and sells the same through distributors in India by way of High Seas Sales. The company is a private limited company. During the year, the name of the company has been changed to Sony Mobile Communications (India) Private Limited from Sony Ericsson Mobile Communications (India) Private Limited on account of restructuring at the level of ultimate parent.
FIXED ASSETS
· Furniture and Fixtures
· Office Equipment
· Computer Equipments
· Other Equipments
· Office Equipment
PRESS RELEASE
Tech Mahindra acquires Sony Mobile Communication's Type Approval Lab
Hyderabad, Wed Apr 24 2013
IT and telecom solutions provider Tech Mahindra has acquired a Sweden-based Type Approval Lab for undisclosed amount which will help it strengthen lab presence in Europe, Middle East and Africa (EMEA) regions.
The lab was part of Sony Mobile Communication's internal test function and now will help Tech Mahindra establish its first European test lab with multi-million dollar infrastructure, Tech Mahindra said in a release today.
The company, however, did not disclose financial details.
This acquisition will prove to be a key milestone for the European expansion plan and reinforces further company's commitment to be a key player in this space, the release said.
This is the third acquisition the IT firm has made in the last eight months.
The company acquired 100 per cent stake in telecom BPO player Hutchison Global Services for USD 87 million (about Rs 470 crore) in the first week of September 2012. Three weeks later, the company said that it had picked up 51 per cent stake in Bharti Enterprises' promoted Comviva Technologies.
"The Lund facility will now provide us a strategic Lab presence for EMEA region and for our customers looking to launch their products in EU and rest of the world," the Chief Technical Officer of CanvasM Technology, a wholly-owned subsidiary of Tech Mahindra, Sirisha Voruganti said.
"We look forward to the exciting test engineering competencies and consulting abilities the lab resources will bring to Tech Mahindra's customers," Voruganti said.
This acquisition is in line with Tech Mahindra's plans to lead the test space and the increased focus on Nordics region, it said.
The company along with CanvasM Technology has labs in India and the US certifying more than 800 plus devices, Tech Mahindra said.
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.65.86 |
|
|
1 |
Rs.102.52 |
|
Euro |
1 |
Rs.87.06 |
INFORMATION DETAILS
|
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 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
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 |
|
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.