MIRA INFORM REPORT
|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
AGILENT TECHNOLOGIES INDIA PRIVATE LIMITED [w.e.f. 24.09.1999] |
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Formerly Known
As : |
HP MEASUREMENT INDIA PRIVATE LIMITED |
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Registered
Office : |
Unit Nos. 105-116, 1st Floor, Splendor Forum, Plot No.3,
District Centre, Jasola, New Delhi – 110025 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.07.1999 |
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Com. Reg. No.: |
55-100823 |
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Capital
Investment / Paid-up Capital : |
Rs.19.330
Millions |
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CIN No.: [Company Identification
No.] |
U74140DL1999PTC100823 |
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TIN No.: |
29880079650 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELA00756A |
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PAN No.: [Permanent Account No.] |
AABCA9874A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter
of Gas Chromatography, Liquid Chromatography, Spectrophotometer, etc. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track. Ms. Shweta Singh, Tender Process Specialist provided latest financial
information for FY 14, whereas flatly denied to provide any other requisite general
details to us. The company possesses a favorable financial profile marked by adequate
net worth base as well as comfortable capital structure characterized by zero
gearing. Moreover, the company enjoys sound liquidity position owing to decent cash
cycle and inflows during the year under review. Management has witnesses a better growth in its revenue, whereas has
reported a sustained amount of net profitability during FY 2014. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. In view of strong parentage and established market position in the
industry, 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly on talks over coal supply contracts, uncertainty over cancellation of
blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that it had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 DENIED BY
|
Name : |
Ms. Sweta Singh |
|
Designation : |
Tender Process Specialist |
|
Contact No.: |
91-9650998600 |
|
Date : |
03.12.2014 |
LOCATIONS
|
Registered Office : |
Unit Nos. 105-116, 1st Floor, Splendor Forum, Plot No.3,
District Centre, Jasola, New Delhi-110025, India |
|
Tel No.: |
91-11-46237100 / 46237035 |
|
Mobile No.: |
91-9650998600 [Ms. Sweta Singh] |
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Fax No.: |
91-11-46237106 / 105 |
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E-Mail : |
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Website : |
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Factory : |
Agilent
Technologies Singapore (Sales) Pte. Limited No.1, Yishun Avenue 7, Singapore 768923 |
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Tel No.: |
(65)-6377-1688 |
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Fax No.: |
(65)-6270-8372 |
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Branch Offices/Site Office : |
Ahmedabad 2nd Floor,
Zodiac Avenue, Opposite Mayor’s Bungalow, Near Law Garden, Ellis Bridge,
Ahmedabad- 380006, Gujarat, India Tel:
+91-79-40049733/22 Fax: +91-79-40049720 Bangalore Block C, RMZ
Centennial, 3rd and 4th Floor, Plot No. 8A, 8B, 8C, 8D, Doddanakundi
Industrial Area, ITPL Road, Mahadevapura Post, Bangalore-560048, Karnataka,
India Tel:
+91-80-40148700 (40614000) Fax: +91-80-41665120 Chandigarh DLF Info City
Developers Chandigarh Limited, Ground Floor, Tower-D, Plot No. 2, DLF IT
Park, Kishan Garh, Chandigarh-160101, India Tel:
+91-172-4607151 Fax: +91-172-4607160 Chennai Regus Olympia,
Olympia Tech Park, Level 2, ALTIUS Building, 1 – SIDCO Industrial Estate,
Guindy, Chennai-600032, Tamilnadu, India Tel:
+91-44-42994085 Fax: +91-44-42994311 Haryana- Manesar Plot No. CP-11
Sector 8 IMT Manesar-122051, Haryana, India Tel:
+91-124-4863000 Fax: +91-124-2292019 Hyderabad My Home Hub, 3rd
Floor, 3rd Block, Madhapur, Hyderabad-500081, Andhra Pradesh, India Tel:
+91-40-44312222 Fax: +91-40-23116224 Kolkata 9th Floor,
'Saket' 44, Park Street, P.S. Shakespeare Sarani Kolkata-700016, West Bengal,
India Phone:
+91-33-40232998 Fax: +91-33-40232994/95 Mumbai G01, Prime Corporate
Park, 230/231, Sahar Road, Opposite Blue Dart Centre, Sahar, Andheri (E),
Mumbai-400099, Maharashtra, India Tel:
+91-22-30648200-02/30648287 Fax: +91-22-30648250 New Delhi- Jasola Unit Nos. 105 -
116, First Floor, Splendor Forum, Plot No – 3, District Center Jasola, New
Delhi-110025, India Tel:
+91-11-46237100 Fax: +91-11-46237106 |
DIRECTORS
As on 27.05.2014
|
Name : |
Mr. Deepak Rawal |
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Designation : |
Director |
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Address : |
Flat No. A013, Belaire Apartment, DLF City, Phase V, Gurgaon – 122001,
Haryana, India |
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Date of Birth/Age : |
30.06.1963 |
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Date of Appointment : |
02.09.2013 |
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DIN No.: |
06688964 |
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Other Directorship:
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Name : |
Mr. Sivakumar Pasupathi |
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Designation : |
Whole Time Director |
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Address : |
288 Pocket, Sarita Vihar, New Delhi-110076, India |
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Date of Birth/Age : |
05.06.1959 |
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Date of Appointment : |
25.09.2012 |
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DIN No.: |
02173107 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Ms. Sweta Singh |
|
Designation : |
Tender Process Specialist |
MAJOR SHAREHOLDERS
As on 27.05.2014
|
Names of Shareholders |
|
No. of Shares |
|
Agilent Technologies Europe B.V., Europe |
|
1932667 |
|
Agilent Technologies Sanigi B.V., Europe |
|
1 |
|
Total |
|
1932668 |
As on 19.08.2014
|
Names of Allottees |
|
No. of Shares |
|
Agilent Technologies Luxco s.a.r.l
|
|
114095 |
|
Total |
|
114095 |
Equity Share Break up (Percentage of Total Equity)
As on 27.05.2014
|
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 Gas Chromatography, Liquid Chromatography, Spectrophotometer,
etc. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
Citibank |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountant |
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Address : |
Building No.8, 7th and 8th Floor, Tower B, DLF,
Cyber City, Gurgaon-122002, Haryana, India |
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PAN No.: |
AADFP9359C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company: |
Agilent Technologies Europe B.V., Netherlands |
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Ultimate Holding Company: |
Agilent Technologies, Inc., United States |
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Fellow Subsidiaries : |
CIN No.: U72200HR2001PTC038118
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CAPITAL STRUCTURE
After 27.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45500000 |
Equity Shares |
Rs.10/- each |
Rs.455.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2046763 |
Equity Shares |
Rs.10/- each
|
Rs.20.468
Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45500000 |
Equity Shares |
Rs.10/- each |
Rs.455.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1932668 |
Equity Shares |
Rs.10/- each
|
Rs.19.330
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.330 |
19.330 |
19.330 |
|
(b) Reserves & Surplus |
1,907.170 |
1,686.630 |
1,461.950 |
|
(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) |
1,926.500 |
1,705.960 |
1,481.280 |
|
|
|
|
|
|
(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 |
139.100 |
71.770 |
0.000 |
|
(d) long-term
provisions |
149.540 |
133.800 |
45.440 |
|
Total Non-current
Liabilities (3) |
288.640 |
205.570 |
45.440 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1,740.930 |
1,691.450 |
861.310 |
|
(c) Other
current liabilities |
622.160 |
372.940 |
271.570 |
|
(d) Short-term
provisions |
207.980 |
193.560 |
128.910 |
|
Total Current
Liabilities (4) |
2,571.070 |
2,257.950 |
1,261.790 |
|
|
|
|
|
|
TOTAL |
4,786.210 |
4,169.480 |
2,788.510 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
395.620 |
401.000 |
433.620 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.740 |
0.000 |
8.270 |
|
(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) |
193.800 |
128.500 |
104.000 |
|
(d) Long-term Loan and Advances |
316.270 |
239.050 |
123.120 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
906.430 |
768.550 |
669.010 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1,093.250 |
904.990 |
618.830 |
|
(c) Trade
receivables |
2,043.700 |
2,070.950 |
1,046.360 |
|
(d) Cash
and cash equivalents |
659.740 |
355.440 |
251.540 |
|
(e)
Short-term loans and advances |
82.520 |
69.230 |
202.670 |
|
(f) Other
current assets |
0.570 |
0.320 |
0.100 |
|
Total
Current Assets |
3,879.780 |
3,400.930 |
2,119.500 |
|
|
|
|
|
|
TOTAL |
4,786.210 |
4,169.480 |
2,788.510 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6,119.110 |
4,629.480 |
3,250.990 |
|
|
|
Other Income |
77.450 |
87.180 |
82.040 |
|
|
|
TOTAL |
6,196.560 |
4,716.660 |
3,333.030 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
882.630 |
744.880 |
958.970 |
|
|
|
Purchase of Stock-in-trade |
2,839.550 |
1,939.690 |
488.420 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and stock-in-trade |
(80.030) |
(71.720) |
0.000 |
|
|
|
Employee Benefits Expenses |
836.220 |
735.080 |
630.410 |
|
|
|
Other Expenses |
1,292.520 |
962.450 |
900.740 |
|
|
|
TOTAL |
5,770.890 |
4,310.380 |
2,978.540 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
425.670 |
406.280 |
354.490 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
92.360 |
90.740 |
98.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
333.310 |
315.540 |
255.960 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
112.770 |
90.860 |
89.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
220.540 |
224.680 |
166.960 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
114.11 |
116.25 |
86.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.60 |
4.85 |
5.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.26 |
7.81 |
9.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.18 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.51 |
1.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
19.330 |
19.330 |
19.330 |
|
Reserves & Surplus |
1461.950 |
1686.630 |
1907.170 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1481.280 |
1705.960 |
1926.500 |
|
|
|
|
|
|
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3,250.990 |
4,629.480 |
6,119.110 |
|
|
|
42.402 |
32.177 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
3,250.990 |
4,629.480 |
6,119.110 |
|
Profit |
166.960 |
224.680 |
220.540 |
|
|
5.14% |
4.85% |
3.60% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
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 |
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
FOREIGN INVESTMENT PROMOTION BOARD CLEARS 14 FDI PROPOSALS WORTH
RS.15280.000 MILLIONS
NEW DELHI: FIPB has
approved foreign direct investment
(FDI) proposals worth Rs 15283.800 Millions from 14 firms including ACME Solar Energy and Sinclairs Hotels.
The proposals were
considered by the Foreign Investment Promotion Board at its
meeting held on July 4.
It rejected the FDI
proposals of six companies and deferred decision on seven others, said an official statement.
Of the proposals
approved, pharma company Laurus Labs will invest
Rs.6000.000 Millions; ACME - Rs 275; Sinclairs Hotels - Rs 415.200
Millions and Golden Agri Resources (India) Rs.4859.000 Millions.
The proposals of
Agilent Technologies, Christine ComarmondMargotin, HLG Enterprises, Gstaad Hotels andthree
others have been rejected.
In the case of
Ventura (India) Private Limited, government has asked it to re-approach FIPB
with necessary court order.
Ventura sought
approval for issuance of shares to a foreign IT company for acquiring its
branch office in India pursuant to a court approved scheme of demerger.
Broadcasting firm INX
Music Private Limited has withdrew its proposal of undertaking additional
activity of broadcasting of a non-news and current affairs channel.
There were three
proposals that did not require FIPB approval -- Kemin Industries South Asia Private Limited, Gavis Pharma LLC,
USA and Ferrero India Private Limited.
AGILENT TECHNOLOGIES TO EXPAND IN TIER-II, III CITIES
"We have a strong presence in tier I cities and now we are looking at expanding our operations in tier II and tier III cities," Agilent Technologies country manager, India, P Siva Kumar told here.
The company's products are widely used in test and measurement in
pharmaceutical, bio-pharma, clinical diagnostics and metal industry.
We see huge potential in tapping vast agri and food processing industry for test and measurement in tier II and III cities of the country, Kumar said.
NYSE-listed Agilent Technologies, world's premier measurement company and
technology leader in chemical analysis, life sciences, diagnostics, electronics
and communications, had net revenues of $6.6 billion in fiscal 2011. The
company's 20,000 employees serve customers in more than 100 countries.
Agilent Technologies India has set up centre of excellence in Bangalore and
Manesar. The India operations clocked $170 million revenue in 2011 and has
around 200 employees.
India's measurement instruments industry is estimated at $400 million and it is
growing at 15 per cent per annum, Kumar said.
Meanwhile, the company today announced the launch of its aftermarket solutions,
Agilent CrossLab.
Agilent CrossLab is the combination of multi-vendor services as well as
supplies to customers, who use non-Agilent instruments.
Agilent had launched multi-vendor support services to customers as early as
January 2010. Recently, Agilent combined supplies and services under one
umbrella called Agilent CrossLab for ease of customer understanding.
Among others, Agilent supports equipment and supplies of companies like Bruker,
Dionex, Perkin Elmer, Shimadzu, Thermo
Scientific and Waters.
In India, more than 500 other manufacturers of non-Agilent instruments are
under CrossLab Services. More than 15 top pharma companies in India are also
availing CrossLab Services.
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] 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.61.93 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
63 |
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.