|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ENDRESS + HAUSER (INDIA) PRIVATE LIMITED (w.e.f. 30.07.2010) |
|
|
|
|
Formerly Known
As : |
ENDRESS AND HAUSER ( |
|
|
|
|
Registered
Office : |
5th Floor, Raj Plaza, A and B Wing, L.B.S. Marg, Vikhroli
West, Mumbai – 400083, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
07.09.1999 |
|
|
|
|
Com. Reg. No.: |
11-121643 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.201.476 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1999PTC121643 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME03386F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE5283C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Sale and marketing of measuring instrument. |
|
|
|
|
No. of Employees
: |
170 (Approximately)_ |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1378000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Endress + Hauser (International) Holding
AG, Switzerland. It is an established company having satisfactory track
record. The management has seen an improvement in its sales volume during
December 2012. Financial as well as liquidity position appears to be decent marked by
no external borrowing recorded in the books. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of technological and financial support from its parent
company, 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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.
INFORMATION PARTED BY
|
Name : |
Ms. Sonel Shah |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66481111 |
|
Date : |
06.01.2014 |
LOCATIONS
|
Registered Office / Head Quarter : |
5th Floor, Raj Plaza, A and B Wing, L.B.S. Marg, Vikhroli West,
Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-66481111 / 66481272 |
|
Fax No.: |
91-22-66481111/66938330 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
National Warehouse /
National Service Centre / Manufacturing Centre : |
Ware House N0. A-4, Acorn Warehouse
and Logistic Park, At Dive Anjur Village OPP. Dive Petrol Pump,
Mumbai Nasik Highway, Bhiwandi, Thane – 421302, Maharastra, India |
|
E-Mail : |
|
|
|
|
|
Branch Offices / Regional Offices
: |
Located At: · Baroda · Chennai · Kolkata · Hyderbad · Delhi · Pune · Bangalore · Mumbai · Indore |
DIRECTORS
As on 26.03.2013
|
Name : |
Mr. Sajiv Ravindra Nath |
|
Designation : |
Managing Director |
|
Address : |
Flat No -2, 1st Floor, |
|
Date of Birth/Age : |
04.12.1967 |
|
Date of Appointment : |
01.05.2008 |
|
DIN No.: |
0221563 |
|
PAN No.: |
AAAPN8808P |
|
|
|
|
Name : |
Mr. Jean Gyl Capt |
|
Designation : |
Director |
|
Address : |
31, Ruedelandser, Mabshem – 68440, |
|
Date of Birth/Age : |
26.09.1951 |
|
Date of Appointment : |
28.04.2008 |
|
DIN No.: |
02215341 |
|
|
|
|
Name : |
Mr. Michael Ziesemer |
|
Designation : |
Director |
|
Address : |
Sackinger Strasse 32, Lorrach 79540, |
|
Date of Birth/Age : |
07.05.1951 |
|
Date of Appointment : |
18.06.2008 |
|
DIN No.: |
02340364 |
|
|
|
|
Name : |
Mr. Santosh Kumar |
|
Designation : |
Director |
|
Address : |
601, Eternia, Hiranandani, Powai, Mumbai – 400076, Maharastra, |
|
Date of Birth/Age : |
15.08.1974 |
|
Date of Appointment : |
29.11.2010 |
|
DIN No.: |
00174062 |
|
PAN No.: |
ACMCA8959Q |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Kumar |
|
Designation : |
Director |
|
Address : |
601, Eternia, Hiranandani, Powai, Mumbai – 400076, Maharastra, |
|
Date of Birth/Age : |
15.08.1974 |
|
Date of Appointment : |
29.11.2010 |
|
PAN No.: |
ACMCA8959Q |
MAJOR SHAREHOLDERS
As on 26.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Endress and Hauser Consult AG |
|
1 |
|
Endress and Hauser International Holding AG – |
|
2014759 |
|
Total |
|
2014760 |
As on 24.10.2013
|
Names of Allottes |
|
No. of Shares |
|
Endress and Hauser International Holding AG – |
|
1285923 |
|
Total |
|
1285923 |
Equity Share Break up (Percentage of Total Equity)
As on 26.03.2013
|
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 : |
Sale and marketing of measuring instrument. |
||||||||
|
|
|
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|
Products : |
|
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||||||||
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Imports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
Germany |
||||||||
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|
|
||||||||
|
Terms : |
|
||||||||
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
170 (Approximately) |
|
|
|
|
Bankers : |
·
Deutsche Bank ·
ICICI Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN No.: |
AADFP9359C |
|
|
|
|
Ultimate Holding Company : |
Endress + Hauser AG,
Switzerland |
|
|
|
|
Fellow Subsidiary Company : |
·
Endress and Hauser (India) Automation
Instrumentation Private Limited CIN No.:
U74900mh2007ptc170990 ·
Endress + Hauser Metso Ag , Switerland ·
Endress + Hauser Gesmbh, Austria ·
Endress + Hauser Conducta Gmbh + Co. Kg, Germany ·
Endress + Hauser Inc., Us ·
Endress + Hauser Flowtec Ag, Reinach, Switerland ·
Endress + Hauser Conducta Gmbh + Company, Germany ·
Endress + Hauser Gmbh + Co. Kg, Germany ·
Endress + Hauser Wetzer Gmbh+Co. Kg, Germany ·
Endress + Hauser Yamanashi Company Limited, Japan ·
Endress + Hauser Sicestherm S.R.L., Italy ·
Endress + Hauser Flowtec (India) Private Limited CIN No.:
U73100mh1999ptc119985 ·
Endress + Hauser Process Solutions Ag,
Switzerland ·
Endress + Hauser Limited, Uk ·
Endress + Hauser Shanghai Automation Equipment
Company Limited, China ·
Endress + Hauser Flowtec Ag, Greenwood, Us ·
Endress + Hauser (Usa) Automation Instrumentation
Inc. ·
Endress + Hauser Infoserve Gmbh+Co. Kg, Germany ·
Endress + Hauser Consult Ag, Switzerland ·
Endress + Hauser Polska Sp.Z.O.O, Poland ·
Endress + Hauser Logistik Gmbh + Co.Kg, Germany ·
Endress + Hauser Conducta Gmbh + Company, Germany ·
Endress + Hauser Ab, Swiden ·
Endress + Hauser Instruments International Ag,
Switzerland ·
Endress + Hauser Talia S.P.A., Italy ·
Endress + Hauser (S.E.A) Pte. Limited ·
Endress + Hauser Messtechnik Gmbh+Co. Kg, Germany ·
Endress + Hauser B.V., Netherlands |
CAPITAL STRUCTURE
After 26.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
Rs. 100/- each |
Rs.34ss0.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3300683 |
Equity Shares |
Rs. 100/- each |
Rs.330.068 Millions |
As on 26.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs. 100/- each |
Rs.210.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2014760 |
Equity Shares |
Rs. 100/- each |
Rs.201.476 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
201.476 |
201.476 |
|
(b) Reserves & Surplus |
|
143.129 |
88.955 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
344.605 |
290.431 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
21.914 |
26.518 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
21.914 |
26.518 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
416.639 |
310.324 |
|
(c) Other current
liabilities |
|
79.133 |
53.894 |
|
(d) Short-term provisions |
|
37.374 |
29.281 |
|
Total Current Liabilities (4) |
|
533.146 |
393.499 |
|
|
|
|
|
|
TOTAL |
|
899.665 |
710.448 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
45.804 |
27.573 |
|
(ii) Intangible Assets |
|
0.776 |
1.781 |
|
(iii) Capital
work-in-progress |
|
3.338 |
0.000 |
|
(iv)
Intangible assets under development |
|
4.582 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
46.292 |
41.000 |
|
(d) Long-term Loan and Advances |
|
70.956 |
38.905 |
|
(e) Other Non-current assets |
|
0.030 |
0.030 |
|
Total Non-Current Assets |
|
171.778 |
109.289 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
225.314 |
166.858 |
|
(c) Trade receivables |
|
421.193 |
341.222 |
|
(d) Cash and cash
equivalents |
|
68.624 |
78.970 |
|
(e) Short-term loans and
advances |
|
12.756 |
14.044 |
|
(f) Other current assets |
|
0.000 |
0.065 |
|
Total Current Assets |
|
727.887 |
601.159 |
|
|
|
|
|
|
TOTAL |
|
899.665 |
710.448 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
201.476 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
39.895 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
241.371 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.096 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.096 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
241.467 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
27.762 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
33.150 |
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
164.644 |
|
|
Sundry Debtors |
|
|
302.517 |
|
|
Cash & Bank Balances |
|
|
36.058 |
|
|
Other Current Assets |
|
|
0.245 |
|
|
Loans & Advances |
|
|
67.485 |
|
Total
Current Assets |
|
|
570.949 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
309.219 |
|
|
Other Current Liabilities |
|
|
29.040 |
|
|
Provisions |
|
|
52.135 |
|
Total
Current Liabilities |
|
|
390.394 |
|
|
Net Current Assets |
|
|
180.555 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
241.467 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2573.000 |
2071.430 |
1520.430 |
|
|
|
|
Commission |
1.230 |
1.540 |
4.170 |
|
|
|
|
Service Income-Gross |
39.550 |
27.910 |
24.160 |
|
|
|
|
Other Income |
10.500 |
6.590 |
1.430 |
|
|
|
|
TOTAL |
2624.280 |
2107.470 |
1550.190 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
2542.400 |
2032.160 |
1473.530 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
81.880 |
75.310 |
76.660 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
27.710 |
26.250 |
28.820 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
54.170 |
49.060 |
47.840 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
0.020 |
4.070 |
NA |
|
|
|
|
Commission Earnings |
1.240 |
1.540 |
NA |
|
|
|
|
Service Income |
1.900 |
3.550 |
NA |
|
|
|
TOTAL EARNINGS |
3.160 |
9.160 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
26.89 |
NA |
NA |
||
|
Particulars |
|
|
31.12.2013 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
The above information has been parted by Ms. Sonel Shah (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
2.06 |
2.33 |
3.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.18 |
3.64 |
5.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.57 |
11.94 |
12.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.26 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.53 |
1.46 |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
The
Company posted yet another year of impressive results with strong top line growth
and high quality earnings, reflecting the robustness of its corporate strategy
of creating multiple drivers of growth. This performance is particularly
remarkable when viewed against the backdrop of the extremely challenging
business context in which it was achieved, namely, a slowdown in the economy,
high level of inflation. The Company recorded significantly higher net Revenue
Growth during the year and crossed Rs.2625.000 Million landmark. This was
supported by significant increase in order inflow for flow by about 18 % ,
pressure and level product lines by about 20 % . Your Company achieved this
growth through focusing on strategies relating to product diversification,
cross selling, customer relationship through customer events, new product launches.
The Company managed to increase Profit after Tax from Rs.49.000 Million to Rs.
54.000 Million through focus on margin, in spite of significant cost
escalations. The Company could signficantly improve its working capital
performances and recorded over Rs.20.490 Million of net operating cash flow
from operating activities during the year. The Company expects to improve its
performance going forward in spite of several economics challenges. e.g. Slow
down in economy, higher interest rates, cost escalation due to high inflation.
First year of Manufacturing Division for process
monitoring system recorded an impressive net sale of INR 54 Million.
Note:
·
CURRENT MATURITIES OF LONG TERM DEBT NOT AVAIBLE
·
NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS:
·
Land and Building
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicle
·
Computer
NEWS :
ENDRESS HAUSER PLANS TO EXPAND ITS FOOTPRINT IN INDIA
Swiss major Endress+Hauser AG which offers a range of instruments, services and automation solutions for industrial process engineering is expanding its footprint in India.
With the investment of Rs 2000.000 Millions, the company has a set up a
facility in Aurangabad which manufactures analytical instrumentation equipments
for the sectors like water, oil and gas, and power. The Aurangabad plant
exports the products to South East Asian countries, South Africa and Australia
worth of Rs 4500.000 Millions.
Speaking to Business Standard, Klaus Endress, CEO,
Endress+Hauser AG said, " India is very important market for us. We
have invested Rs 2000.000 Millions in Waluj facility at Aurangabad. The
further investments will be made in research and development area. We would be
expanding our sales and service operations and the project execution
capabilities in the states like Maharashtra, Tamil Nadu, Goa, Karnataka, Kerala
Uttar Pradesh and Delhi. The company is diversified into various sectors and
will have an increased presence in al the sectors especially water, power,
oil& gas, primaries, life sciences, food & beverages depending on the
growth in these sectors as they are seen to be formidable growth sectors for
India and it will be a third largest market for us."
The company has a 15 per cent share in the instrumentation process automation
sector, which is pegged at over Rs 1000 crore. Endress+Hauser offers
comprehensive process solutions for flow, level, pressure, analysis,
temperature, recording and digital communications across a wide range of
industries, optimizing processes in regards to economic efficiency, safety and
environmental protection.
For the efficient water management system, Endress+Hauser has installed
automated flow meters for Tiruchirapalli Corporation in Tamil Nadu. These flow
meters check for leakages in pipelines, the quantity of water pumped in from
the source, which could be a river, and the quantity of water pumped out after
the treatment plant, the water level at a specific place and also provides
analytical measurements to understand the quality of water. The water
management system will help local municipal bodies to save water up to 25 per
cent. The company has done projects similar to Tiruchirapalli in Delhi and
Maharashtra.
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.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62s |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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 |
Bs |
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.