MIRA INFORM REPORT
|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
TE CONNECTIVITY INDIA PRIVATE LIMITED (w.e.f.
29.08.2012) |
|
|
|
|
Formerly Known
As : |
TYCO ELECTRONICS CORPORATION INDIA PRIVATE LIMITED TYCO ELECTRONIC CORPORATION LIMITED (w.e.f 24.02.2000) AMP INDIA LIMITED (w.e.f 30.06.1998) AMP INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“TE Park”, Site No.22B, Doddenakundi Industrial Area, Bangalore –
560048, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.12.1993 |
|
|
|
|
Com. Reg. No.: |
08-015007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 720.820
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909KA1993PTC015007 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRT02262B |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCT7374C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Trading of Connectors, Cable Assemblies and Other
Inter-Connection Devices and also provides Engineering Services and back
office services to other group companies. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 22900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. There is a slight dip in the turnover and profitability of the
company. However, networth of the company is strong. Company is operating on
its owned funds. No external borrowings recorded by the company. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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 /Head Office : |
“TE Park”, Site No.22B, Doddenakundi Industrial Area, Bangalore –
560048, Karnataka, India |
|
Tel. No.: |
91-80-40115000/ 401/ 28540800/ 28412433/ 28540800/ 24163745 |
|
Fax No.: |
91-80-40115001/ 401/ 28540820 |
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Email : |
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|
Website : |
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Corporate Office : |
Mobius Tower 1, Ground Floor, SJR iPark (Opposite Sathya
Sai Hospital), EPIP Industrial Area, Whitefield, Bangalore – 560066, India |
|
Tel. No.: |
91-80-40115000 |
|
Fax No.: |
91-80-40115030 |
|
|
|
|
Factory 1 : |
No. 4, Maruthi Industrial Estate, Hoody Rajapalya, Whitefield Main Road,
Mahadevapura, Bangalore – 560048, Karnataka, India |
|
Tel. No.: |
91-80-26453014/ 28410200 |
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Fax No.: |
91-80-28453038/ 28410210 |
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|
|
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Factory 2 : |
Gat No.1122, 1129, 1140, 1295, Village – Shirwal, Taluka – Khandala, Satara - 412801, Maharashtra, India |
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Tel No.: |
91-2169-246000 |
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|
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Factory 3 : |
Survey 186/3, Hoody, Bangalore, Karnataka, India |
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|
|
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Branch Office 1 : |
1st Floor, No-5, Shalimar House Comm, Center Saket, Delhi -
110017, India |
|
Tel. No.: |
91-11-26864107 |
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|
|
|
Branch Office 2: |
Cochin Special Economic Zone Plot No. 44, Cochin-kakkanand-682037,
Kerala, India |
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|
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Regional
Offices : |
Located at: · Ahmedabad · Chennai · Cochin · Noida · Hyderabad · Kolkata · Mumbai ·
Pune |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Raja Venkataraman |
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Designation : |
Managing director |
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|
Address : |
# 1054, Sobha Camation, 98/1, Green Gien Layout, Near Sarjapur and
Marathalli, Outer Ring Road, Bellandur, Bangalore – 560103, Karnataka,
India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
08.12.1956 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
00669376 |
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Other Directorship :
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Jurg Frischknecht |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
W. Wolfensberger Stresses 14, 9424, Reinbeck, Switzerland |
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Date of Birth/Age : |
09.06.1959 |
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Date of Appointment : |
06.08.2003 |
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DIN No.: |
02406047 |
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sharad Rangnath Tankasali |
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Designation : |
Additional director |
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|
Address : |
1930, 5th Cross, 20th Main, J.P. Nagar, 2nd
Phase, Bangalore – 560078, Karnataka, India |
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Date of Birth/Age : |
14.01.1966 |
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Date of Appointment : |
29.07.2013 |
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DIN No.: |
03182571 |
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Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Venkataraman Raja |
|
Designation : |
Secretary |
|
Address : |
# 1054, Sobha Camation, 98/1, Green Gien Layout, Near Sarjapur and
Marathalli, Outer Ring Road, Bellandur, Bangalore – 560103, Karnataka,
India |
|
Date of Birth/Age : |
08.12.1956 |
|
Date of Appointment : |
28.01.2013 |
|
PAN No.: |
AALPR6225M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Tyco Electronics Singapore Pte Limited,
Singapore |
40479256 |
|
Tyco Electronics
Netherlands India Cooperatief U A, The Netherlands |
1 |
|
|
|
|
Total |
40479257 |
|
Names of Preference Shareholder |
No. of Shares |
|
Tyco Electronics Singapore Pte Limited,
Singapore |
273393065 |
|
|
|
|
Total |
273393065 |
AS ON 28.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Connectors, Cable Assemblies and Other
Inter-Connection Devices and also provides Engineering Services and back
office services to other group companies. |
||||||||||
|
|
|
||||||||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Deloitte Centre, Anchorage II, 100/2, Richmond Road,
Bangalore - 560025, Karnataka, India |
|
PAN
No. : |
AACFD3771D |
|
|
|
|
Holding company
: |
Tyco Electronics Singapore Pte Limited |
|
|
|
|
Holding Company of
Tyco Electronics Singapore Pte Limited : |
Tyco Electronics Group S A, Luxembourg |
|
|
|
|
Subsidiary
company : |
XOL Technologies Private Limited [U31909KA1988PTC063917] |
|
|
|
|
Ultimate Holding
Company : |
TE Connectivity Limited, Switzerland (formerly known as Tyco
Electronics Limited, Switzerland) |
|
|
|
|
Fellow
Subsidiaries : |
· Tyco Electronics Systems India Private Limited · TEI Technologies Private Limited · AMP Manufacturing Korea Limited · AMP Manufacturing Taiwan Limited · AMP Trading B.V. · PT Tyco Electronics, Indonesia · Shenzhen Original Electric Company · Shunde Tyco Electronics Limited · Tyco Electronics.Brasil LTA · Tyco Electronics Raychem, Belgium · Tyco Electronics - HK Limited · Tyco Electronics Malaysia SD · Tyco Electronics Schweiz AG · Tyco Electronics AMP Espana SA · Tyco Electronics AMP Gmbh · Tyco Electronics AMP Italia SPA · Tyco Electronics AMP K.K. · Tyco Electronics Amp Shanghai Limited · Tyco Electronics Argentina S.A · Tyco Electronics Netherlands(India) B V · Tyco Electronics Corporation, USA · Tyco Electronics Canada Limited · Tyco Electronics Czech S.R.O AMP De France · Tyco Electronics da Amaznia · Tyco Electronics EC Gmbh and Company · Tyco Electronics France SAS · Tyco Electronics HK Limited · Tyco Electronics Hungary KFT · TE Connectivity Solutions GmbH (Formerly known as Tyco Electronics Logistics AG) · Tyco Electronics Mexico S.A, · Tyco Electronics Middle East FZE · Tyco Electronics Nederland BV · Tyco Electronics New Zealand Limited · Tyco Electronics Polska Spz · Tyco Electronics Pty Limited · Tyco Electronics Raychem Gmbh · Tyco Electronics Raychem NV · Tyco Electronics Raychem, S.A. · Tyco Electronics S.A (Pty) Limited · Tyco Electronics Shanghai CLT · Tyco Electronics UK Limited · Tyco Electronics Dongguan Limited · Tyco Electro-Electronica Ltda · Whitekar Corporation · Precision Interconnect USA · AMP Shunde Connector Limited · AMP Holland BV · Tyco Electronics Augat AG · Tyco Electronics Austria GmbH · Tyco Electronics Exports SARL · Tyco Electronics Columbia Limited · Tyco Electronics Export · Tyco Electromechanical Components · AMP Services · Tyco Electronics UK Limited (Crompton IN) · Tyco Electronics AMP Guang Don Limited · Tyco Electronics Nederland B.V · Tyco Electronics Singapore · Tyco Electronics Japan GK · Tyco Electronics Kunsham · Tyco Electronics Raychem BVBA · Tyco Electronics Belgium EC BVBA · Tyco Electronics VII Limited · Tyco Electronics Malaysia SDN BHD · Tyco Electronics Chile LTDA · Tyco Electronics Subsea Communication LLC · Tyco Electronics Technologies Kunshan Company · Tyco Electronics Del Peru SAC · Dongguan Transpower Electric. · Tyco Electronics Simel · Tyco Electronics Zhuhai Limited · Tyco Electronics Qingdao Limited · Tyco Electronics ETA Limited · Rochester Wire and Cable · Tyco Electronics AMP Korea · Tyco Electronics AMP Guangdond Limited · Raychem Electronics Shanghai Company Limited · ADC India Communications Limited · Raychem RPG Private Limited · Deutsch India Power connectors Private Limited |
CAPITAL STRUCTURE
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 450.000 Millions |
|
280,000,000 |
Preference Shares |
Re. 1/- each |
Rs. 280.000 Millions |
|
|
Total |
|
Rs. 730.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,479,257 |
Equity Shares |
Rs. 10/- each |
Rs. 404.793
Millions |
|
273,393,065 |
Preference Shares |
Re. 1/- each |
Rs. 273.393
Millions |
|
|
Total |
|
Rs. 678.186 Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 450.000 Millions |
|
280,000,000 |
Preference Shares |
Re. 1/- each |
Rs. 280.000 Millions |
|
|
Total |
|
Rs. 730.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44,742,000 |
Equity Shares |
Rs. 10/- each |
Rs. 447.420
Millions |
|
273,400,000 |
Preference Shares |
Re. 1/- each |
Rs. 273.400
Millions |
|
|
Total |
|
Rs. 720.820 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 |
720.820 |
720.820 |
720.820 |
|
(b) Reserves & Surplus |
5015.790 |
4476.350 |
3901.370 |
|
(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) |
5736.610 |
5197.170 |
4622.190 |
|
|
|
|
|
|
(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 |
1.760 |
0.000 |
0.000 |
|
(d)
long-term provisions |
129.480 |
124.330 |
177.540 |
|
Total
Non-current Liabilities (3) |
131.240 |
124.330 |
177.540 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1558.570 |
1224.710 |
1427.690 |
|
(c)
Other current liabilities |
59.690 |
60.610 |
61.760 |
|
(d)
Short-term provisions |
42.100 |
5.670 |
5.410 |
|
Total
Current Liabilities (4) |
1660.360 |
1290.990 |
1494.860 |
|
|
|
|
|
|
TOTAL |
7528.210 |
6612.490 |
6294.590 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1172.900 |
1333.860 |
845.240 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
130.080 |
35.740 |
54.990 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
607.550 |
608.420 |
0.000 |
|
(c) Deferred tax assets
(net) |
259.850 |
244.740 |
236.730 |
|
(d) Long-term Loan
and Advances |
915.590 |
361.560 |
175.440 |
|
(e)
Other Non-current assets |
25.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3110.970 |
2584.320 |
1312.400 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1227.110 |
1277.280 |
1490.380 |
|
(c)
Trade receivables |
1131.350 |
1313.890 |
1516.350 |
|
(d)
Cash and cash equivalents |
1726.780 |
1035.200 |
1414.580 |
|
(e)
Short-term loans and advances |
268.550 |
373.250 |
498.720 |
|
(f)
Other current assets |
63.450 |
28.550 |
62.160 |
|
Total
Current Assets |
4417.240 |
4028.170 |
4982.190 |
|
|
|
|
|
|
TOTAL |
7528.210 |
6612.490 |
6294.590 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
7738.761 |
|
|
|
Other Income |
|
|
582.022 |
|
|
|
TOTAL (A) |
8634.000 |
8981.000 |
8320.783 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
4635.546 |
|
|
|
Employee related expenses |
|
|
908.053 |
|
|
|
Administrative selling other expenses |
|
|
1803.775 |
|
|
|
Restructuring charges |
|
|
0.000 |
|
|
|
TOTAL (B) |
7645.000 |
7922.000 |
7347.374 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial Expenses) |
(Including
Financial Expenses) |
973.409 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
8.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
989.000 |
1059.000 |
965.089 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
185.000 |
202.000 |
196.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
804.000 |
857.000 |
768.561 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
265.000 |
282.000 |
273.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
539.000 |
575.000 |
495.258 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
4569.000 |
4447.640 |
4184.280 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.06 |
12.85 |
11.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.24
|
6.40 |
5.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
9.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.31
|
14.97 |
12.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.16 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66
|
3.12 |
3.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
720.82 |
720.82 |
720.82 |
|
Reserves & Surplus |
3901.37 |
5015.79 |
5015.79 |
|
Net
worth |
4622.190 |
5736.610 |
5736.610 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8320.783 |
8981.000 |
8634.000 |
|
|
|
7.935 |
(3.864) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8320.783 |
8981.000 |
8634.000 |
|
Profit |
495.258 |
575.000 |
539.000 |
|
|
5.95% |
6.40% |
6.24% |
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 |
INDEX OF CHARGES:
No Charges Exist for Company
CORPORATE
INFORMATION
Subject is a Private Limited Company incorporated under the provisions
of the Companies Act, 1956. The Company is engaged in manufacture and trading
of connectors, cable assemblies and other inter-connection devices. The Company
also provides Engineering Services and back office services to other group
companies across the globe. The Company is headquartered in Bangalore. It has
manufacturing facilities in Bangalore and Pune and has sales offices across India
in various cities.
FIXED ASSETS:
·
Land
· Buildings
· Other Building
· Plant and Equipment
· Other plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Other Equipments
·
Leasehold Improvements
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. 60.38 |
|
|
1 |
Rs. 101.63 |
|
Euro |
1 |
Rs. 83.57 |
INFORMATION DETAILS
|
Analysis Done By
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.