MIRA INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
AGILENT TECHNOLOGIES INDIA PRIVATE LIMITED [w.e.f.24.09.1999] |
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|
|
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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 : |
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Financials (as
on) : |
31.03.2014 |
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|
|
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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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|
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CIN No.: [Company Identification
No.] |
U74140DL1999PTC100823 |
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TIN No.: |
29880079650 |
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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
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 |
|
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 record. Ms. Shweta Singh, Tender Process Specialist provided latest financial
information for FY14, 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
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 : |
08.12.2014 |
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 No.1, |
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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 Offices : |
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 to 8D, Doddanakundi Industrial
Area, ITPL Road, Mahadevapura Post, Bangalore-560016, 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. A-013, 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 Deutschland Holding GmbH, Germany |
|
1 |
|
|
|
|
|
Total |
|
1932668 |
AS ON 19.08.2014
|
Names of Allottee |
|
No. of Shares |
|
Agilent Technologies Luxco S.A.R.L, Luxemburg |
|
114095 |
|
|
|
|
|
Total |
|
114095 |
AS ON 27.05.2014
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 : |
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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Not Divulged |
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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 Accountants |
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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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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 : |
· Agilent Technologies Korea Limited · Agilent Technologies (International) Private Limited · CIN No.: U72200HR2001PTC038118 · Agilent Technologies Italia S.P.A., Italy · Agilent Technologies Singapore (Holdings) Pte Limited, Singapore · Agilent Technologies Singapore (Sales) Pte Limited, Singapore · Varian India Private Limited, United Status · Agilent Technologies Australia Pty. Limited, Australia · Agilent Technologies Sales and Services GmbH and Company KG, Germany |
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
|
Particulars |
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 |
|
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 |
INDEX OF CHARGES:
NO CHARGES EXIST FOR THE COMPANY
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Tirupati
Plaza, Second Floor, Plot No.11, Sector XI, Dwarka, New Delhi - 110075, India
to the present address w.e.f.15.11.2010
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESS RELEASE
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 Comarmond Margotin, HLG Enterprises, Gstaad Hotels and three 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 Cross Lab.
Agilent Cross Lab 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 Cross Lab 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 Cross Lab Services. More than 15 top pharma companies in India are also
availing Cross Lab 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 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. 96.37 |
|
Euro |
1 |
Rs. 76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
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.