MIRA
INFORM REPORT
|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
VISHAY COMPONENTS INDIA PRIVATE LIMITED (w.e.f. 08.04.2003) |
|
|
|
|
Formerly Known
As : |
BC COMPONENTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Loni Kalbhor, Near Pune Railway Station, Taluka Haveli, Sholapur
Highway, Pune - 412201, Maharashtra |
|
|
|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.02.1999 |
|
|
|
|
Com. Reg. No.: |
25-014320 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 916.360 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN1999PTC014320 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEV03750F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9652L |
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|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturer and Exporter of Electrical Capacitors and Resistors. |
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|
|
|
No. of Employees
: |
1050 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7200000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a part of “Vishay Inter-technology Inc. – USA”. It is an established
company having satisfactory track. The company possesses a favourable financial profile marked by
adequate networth base and healthy capital structure during 2013. The rating also takes into consideration an average debt protection
metrics along with increasing cash reserves and low liabilities reported in
the books. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of group support, the subject 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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Chanchal Arora |
|
Designation : |
Finance Assistant Manager |
|
Contact No.: |
91-20-39215500 |
|
Date : |
19.08.2014 |
LOCATIONS
|
Registered Office : |
Loni Kalbhor, Near Pune Railway Station, Taluka Haveli, Sholapur
Highway, Pune - 412201, Maharashtra, India |
|
Tel. No.: |
91-20-26913285 / 39215500 |
|
Fax No.: |
91-20-26913738 / 26914007 / 26913741 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office: |
Tower No.5, Cybercity, Magarpatta City, Hadapsar, Pune – 411028, Maharashtra, India |
|
Tel. No.: |
91-20-30516200 |
|
Fax No.: |
91-20-30516297 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Christopher Tan Cheng Poh |
|
Designation : |
Director |
|
Address : |
No. 1, Seletar close, Singapore – 807209 |
|
Date of Birth/Age : |
17.03.1948 |
|
Date of Appointment : |
28.02.2003 |
|
DIN No.: |
00540312 |
|
|
|
|
Name : |
Mr. Rajan Mukundrao Shringarpure |
|
Designation : |
Managing Director |
|
Address : |
Manikchand Malabar Hills, BDG A2, D201/2 02 595/2, Lullanagar,
Kondhwa, Pune - 411056, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1954 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
01394331 |
|
|
|
|
Name : |
Mr. Ananthakrishnan Ramakrishnan |
|
Designation : |
Director |
|
Address : |
M5, Sacred Heart To WN, Wanawadi, Pune – 411040, Maharashtra, India |
|
Date of Birth/Age : |
04.07.1967 |
|
Date of Appointment : |
29.09.2008 |
|
DIN No.: |
02224645 |
|
|
|
|
Name : |
Mr. Bee Leng Saw |
|
Designation : |
Director |
|
Address : |
20, Jalan Jelita, Singapore - 278344 |
|
Date of Birth/Age : |
29.06.1964 |
|
Date of Appointment : |
28.09.2009 |
|
DIN No.: |
02472546 |
|
|
|
|
Name : |
Mr. Lars Rajen Raoul Erenstein |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Kirchbergstr, 25, K Ranzberg - 85402 |
|
Date of Birth/Age : |
13.07.1964 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03595887 |
KEY EXECUTIVES
|
Name : |
Mr. Ananthakrishnan Ramakrishnan |
|
Designation : |
Company Secretary |
|
Address : |
M5, Sacred Heart To WN, Wanawadi, Pune 411040, Maharashtra, India |
|
Date of Birth/Age : |
04.07.1967 |
|
Date of Appointment : |
16.06.2008 |
|
PAN No.: |
AAYPK8525C |
|
|
|
|
Name : |
Ms. Chanchal Arora |
|
Designation : |
Finance Assistant Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vishay Components BV (Netherlands) |
|
28174816 |
|
Vishay Intertechnology Inc. (USA) |
|
63460940 |
|
Total |
|
91635756 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
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 : |
Manufacturer and Exporter of Electrical Capacitors and Resistors. |
|
|
|
|
Export |
|
|
Product : |
Electrical Capacitors and Resistors |
|
Countries : |
European Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit (30 days) |
|
|
|
|
Purchasing : |
Cash / Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
End Users , Retailers and Wholesalers |
|
|
|
|
No. of Employees : |
1050 (Approximately) |
|
|
|
|
Bankers : |
Tel. No.: 91-20-66028585 |
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
C – 401, Fourth Floor, Panchshil Tech Park, Yerwada, (Near Don Bosco
School) Pune – 411006, Maharashtra,
India |
|
Tel. No.: |
91-20-66036000 |
|
Fax No.: |
91-20-66015900 |
|
PAN No.: |
ACHFS9181P |
|
|
|
|
Holding Company : |
Vishay Intertechnology Inc.-USA |
|
|
|
|
Fellow Subsidiaries : |
·
BCcomponents Beyschlag GmbH – Germany ·
BCcomponents Hong Kong Limited – Hong Kong ·
Siliconix Technology C.V. – Singapore ·
Vishay Dale Electronics Inc. – USA ·
Vishay Electronic GmbH – Germany ·
Vishay Electronic SPOL SRO - Czech Republic ·
Vishay Electronics Portugal Limited. - Portugal ·
Vishay Europe Sales GmbH - Germany ·
Vishay Intertechnology Asia Pte. Limited -
Singapore ·
Vishay Israel Limited – Israel ·
Vishay Roederstein Electronics Inc - USA ·
Vishay S.A., France ·
Vishay Thin Film Inc LLC ·
Vishay Semiconductor India Private Limited ·
Vishay China Company Limited ·
Vishay Europe Gmbh |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs.10/- each |
Rs. 950.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91635756 |
Equity Shares |
Rs.10/- each |
Rs. 916.360 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 |
916.360 |
916.360 |
916.360 |
|
(b) Reserves & Surplus |
859.300 |
731.220 |
576.900 |
|
(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) |
1775.660 |
1647.580 |
1493.260 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
187.500 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
3.640 |
4.230 |
2.040 |
|
(d) long-term provisions |
85.480 |
76.150 |
69.710 |
|
Total Non-current Liabilities (3) |
276.620 |
80.380 |
71.750 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
276.900 |
364.670 |
347.040 |
|
(c) Other current
liabilities |
66.840 |
196.170 |
56.930 |
|
(d) Short-term provisions |
42.930 |
39.370 |
30.240 |
|
Total Current Liabilities (4) |
386.670 |
600.210 |
434.210 |
|
|
|
|
|
|
TOTAL |
2438.950 |
2328.170 |
1999.220 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1053.730 |
1108.490 |
794.990 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
59.910 |
10.840 |
112.330 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
53.820 |
31.620 |
0.000 |
|
(d) Long-term Loan and Advances |
106.470 |
228.420 |
240.980 |
|
(e) Other Non-current assets |
0.000 |
0.600 |
0.710 |
|
Total Non-Current Assets |
1273.930 |
1379.970 |
1149.010 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
456.780 |
557.350 |
457.040 |
|
(c) Trade receivables |
199.960 |
79.000 |
202.400 |
|
(d) Cash and cash
equivalents |
248.110 |
191.180 |
129.030 |
|
(e) Short-term loans and
advances |
202.790 |
120.010 |
61.060 |
|
(f) Other current assets |
57.380 |
0.660 |
0.680 |
|
Total Current Assets |
1165.020 |
948.200 |
850.210 |
|
|
|
|
|
|
TOTAL |
2438.950 |
2328.170 |
1999.220 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
NA |
NA |
2146.000 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
369.350 |
320.410 |
366.990 |
|
|
|
|
|
|
|
|
|
Less/ Add |
INTEREST |
15.770 |
1.260 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
353.580 |
319.150 |
366.990 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
169.000 |
145.920 |
114.870 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
184.580 |
173.230 |
252.120 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
56.500 |
18.910 |
1.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
128.080 |
154.320 |
250.570 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
572.280 |
417.960 |
167.390 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
700.360 |
572.280 |
417.960 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
1741.000 |
691.000 |
917.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.40 |
1.68 |
2.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
7.94
|
7.58
|
13.36
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.11
|
0.17
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.11
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.01
|
1.58
|
1.96
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
916.360 |
916.360 |
916.360 |
|
Reserves & Surplus |
576.900 |
731.220 |
859.300 |
|
Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Net
worth |
1,493.260 |
1,647.580 |
1,775.660 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
187.500 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
187.500 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.106 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS : 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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------ |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
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 |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
187.500 |
0.000 |
|
|
|
|
|
Total |
187.500 |
0.000 |
OPERATIONS
The sales revenue
in the financial year was at the same level as previous year. The profit before
tax however marginally improved from 8.29% to 8.90% in this year despite the
higher depreciation and interest costs. Improvement can be attributed to the
product mix, better cost management and increased revenues from outsourcing.
POWER CAPACITORS
The revenue from
the low voltage power factor correction capacitors improved marginally by about
5% compared to the previous year. They however face a sharp decline in the
revenue from this segment in the current year with the decline in orders from
the infrastructure segment.
The revenue from
the power electronic capacitors has increased to INR 125M in the year 2012-13
from INR 35M in the previous year. This is because of the expansion project
being operational for the complete year. These capacitors find applications in
the Power and Infrastructure sector and product certifications and approvals
are pre-requisites. Exports of some of these capacitors requires license which
is a long process. They see a high potential for growth in this segment.
Localisation of the raw materials will be their key focus in this segment which
is very crucial to increase our competitiveness and better inventory
management.
FILM CAPACITORS
The revenue was
lower by about 12% compared to the previous year. Infrastructure improvements
in the previous year resulted in higher depreciation affecting the
profitability adversely.
Alternate sources
are being identified for key raw materials to reduce costs. Cost reductions actions
are ongoing to reduce energy costs and engineering actions being initiated to
improve yields. Thrust continues to be on components miniaturization which will
improve their competitiveness and improve our market share in the automotive
segment.
RESISTORS
Revenue dropped by
about 4% in the year compared to previous year. The expansion of the Wire wound
resistors range yielded higher revenue in the last quarter of the year and in
the first two quarters of the current year.
The outlook for Q3
of the current year is however very sluggish with almost no orders from Energy
Meters segment. With more customers moving for surface mount products, their
leaded resistors business is expected to drop. To counter the drop, we have
introduced new products High Pulse Resistors and High Pulse Silent Fusing wire
wound resistors which are used in 2 Wheelers and Energy Meters respectively.
Product approvals and customer approvals have been obtained in the current year
and we expect regular orders in the near future. Their Wire wound resistors
capacity has been increased from 35M to 50M.
BUSINESS PROCESS
OUTSOURCING:
Revenue growth of
about 29%achieved in the year. The company continues to identify new opportunities
in this area which should generate additional revenues in the current year.
CONTINGENT LIABILITIES
|
Particular |
31.03.2013 (Rs in Millions) |
31.03.2012 (Rs in Millions) |
|
Central Excise matters in appeal |
0.920 |
0.920 |
|
Service Tax matters in appeal |
9.370 |
9.370 |
|
Income Tax matters in appeal |
234.120 |
120.890 |
|
|
|
|
|
Total |
244.410 |
131.180 |
* This amount does not include interest portion, which the company may have
to pay if liability get confirmed.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
·
Freehold Land
·
Buildings
·
Plant and Machinery
·
Tools and Moulds
·
Furniture, Fixture and
Equipments
·
Motor Vehicles
WEBSITE DETAILS
PRESS RELEASE
Vishay
63 Lincoln Hwy., P.O. Box 4004
Malvern, PA, 19355
USA
Vishay Components India PRIVATE LIMITED Named
as Outstanding Supplier for the Year 2012-13 by Elektronika Sales PRIVATE
LIMITED.
July 10, 2013
MALVERN,
Pa. — Vishay Intertechnology, Inc. (NYSE: VSH) today announced that Vishay
Components India Private Limited has been recognized as an Outstanding Supplier
for the Year 2012-13 by Elektronika Sales Private Limited, one of the largest
providers of active and passive components to OEMs in India.
Winners
of Elektronika Sales' Outstanding Supplier Award are determined by a number of
criteria, including revenue, quality, reliability, profitability, supply chain,
technical support, and product range. Representing 20 % of the company's total
business, this is the second year in a row that Vishay Components India has
received the honor.
The Outstanding Supplier Award was presented by Sunit Hasija, Director of
Elektronika Sales, to Sougata Ganguli, Director of Sales for Vishay Components
India, at Elektronika Sales' annual All India Sales Meeting in Kodaikanal,
India.
Vishay
Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one
of the world's largest manufacturers of discrete semiconductors (diodes,
MOSFETs, and infrared optoelectronics) and passive electronic components
(resistors, inductors, and capacitors). These components are used in virtually
all types of electronic devices and equipment, in the industrial, computing,
automotive, consumer, telecommunications, military, aerospace, power supplies,
and medical markets. Vishay's product innovations, successful acquisition
strategy, and "one-stop shop" service have made it a global industry
leader. Vishay can be found on the Internet at www.vishay.com
.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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] 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.60.73 |
|
UK Pound |
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
0 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.