MIRA INFORM REPORT
|
Report Date : |
04.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
YASH TECHNOLOGIES
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201-205, Bansi Trade Centre, Indore – 452001, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
31.12.2002 |
|
|
|
|
Com. Reg. No.: |
10-015480 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.853 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MP2002PTC015480 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLY00049A BPLY00062G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY1868M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing IT Services and Solutions. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Yash Technologies Inc., USA. It is an
established company having satisfactory track record. The company possesses a healthy financial profile marked by decent
networth base and comfortable capital structure on account of low gearing. Moreover, there seems to be a favourable gap between trade receivable
as well as payables along with an adequate cash flow from its operations. Management has reported a better growth in its sales volume as well as
net profitability during FY13. The ratings also take into consideration, the implementation of
various growth plans and the managements plan to float the company’s shares
on Indian bourse. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of strong parental support and well experienced promoters, the
subject can be considered for business dealings at usual trade terms and
conditions. Note: Profit and loss
statement of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before. A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 : |
Mr. Manoj |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-731-4261100 |
|
Date : |
03.07.2014 |
LOCATIONS
|
Registered / Corporate Office: |
201-205, Bansi Trade Centre, Indore – 452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4261100 |
|
Fax No.: |
91-731-4261234 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
6th Floor, Tower 20, Raheja Mind
Space, IT Park, Hyderabad – 500081, Telangana, India YASH
Software Development Center 841 Avenue of the Cities, East Moline,
IL-61244 Tel : 1-877-369-YASH (9274)
605-17th Avenue, East Moline, IL-61244 Tel : 309-755-0433 US Regional Centers 39899, Balentine Drive, Suite#105, Newark, CA-94560 Tel : 510-490-7400 Fax: 510-687-1100
Tel : 847-517-3330 / 3331 Fax: 847-919-4628
Duluth, GA-30096 Tel : 770-291-2008
Tel : 732-355-9070 Fax : 732-355-1123
Tel : 732-452-3608 Fax : 732-321-6562
Fax: +44(0)
2086369994
205, Bansi Trade
Center, 581/5, M.G. Road, Indore-452001 (M.P.), India Tel : 91-731-4032275-76
YASH
Technologies Pvt. Ltd. 1&7 Level Saptagiri Towers, Begumpet
Secunderabad-500 016. A.P. India Tel :
91-40-40403456 Fax:
91-40-40403666
YASH Technologies
Pvt. Ltd. 5th Level, “ANATH INFO PARK”, Madhapur, Hyderabad. A.P. India Tel :
91-40-40403456 Fax:
91-40-40403555
175B Bencoolen
Street #06-04 Tel : + 65 6835
9446
Suites
2807-9,28th Floor, Two ChinaChem, Exchange Square, 338 Kings Road, North
Point, Hong Kong Tel: (852)3741
0768 Fax: (852)3741
0786 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Kirti Kumar
Baheti |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
31.07.1958 |
|
Date of Appointment : |
31.12.2002 |
|
DIN : |
00989116 |
|
|
|
|
Name : |
Mr. Manoj Baheti |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
01.03.1961 |
|
Date of Appointment : |
31.12.2002 |
|
DIN : |
00713769 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kirti Kumar
Baheti |
|
4990 |
|
Manoj Baheti |
|
5000 |
|
Yash Technologies
Inc., USA |
|
2875300 |
|
Dharmendra Jain |
|
10 |
|
|
|
|
|
Total |
|
2885300 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.65 |
|
Directors or relatives of directors |
|
0.35 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT Services and Solutions. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit |
|
|
|
|
Purchasing : |
L/C, Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Standard Chartered Bank, D M Towers, 21/1, Race Course Road, Indore - 452 001, Madhya Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Abhishek Gang and
Company Chartered Accountants |
|
Address : |
511, |
|
PAN No.: |
AEXPG6845E |
|
|
|
|
Holding Company : |
|
|
|
|
|
Subsidiaries : |
CIN :
U74140MP2003PTC015754
CIN :
U72900AP2006PTC050460
CIN No.:
U74140MP2010PTC024624
CIN No.:
U31900MP2011PTC027042 |
|
|
|
|
Joint Venture: |
CIN No.: U00340AP1997PTC056808 |
|
|
|
|
Related Party : |
|
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2885300 |
Equity Shares |
Rs.10/- each |
Rs. 28.853
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 |
28.853 |
28.853 |
28.853 |
|
(b) Reserves & Surplus |
1199.696 |
683.983 |
451.244 |
|
(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) |
1228.549 |
712.836 |
480.097 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
48.485 |
33.434 |
27.841 |
|
Total
Non-current Liabilities (3) |
48.485 |
33.434 |
27.841 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.151 |
0.267 |
0.000 |
|
(b)
Trade payables |
88.616 |
25.330 |
29.568 |
|
(c)
Other current liabilities |
45.441 |
79.579 |
89.748 |
|
(d)
Short-term provisions |
1.655 |
2.095 |
1.548 |
|
Total
Current Liabilities (4) |
135.863 |
107.271 |
120.864 |
|
|
|
|
|
|
TOTAL |
1412.897 |
853.541 |
628.802 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
291.810 |
115.876 |
86.887 |
|
(ii)
Intangible Assets |
23.043 |
7.248 |
9.358 |
|
(iii)
Capital work-in-progress |
0.148 |
12.764 |
17.363 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
33.621 |
33.088 |
30.179 |
|
(c)
Deferred tax assets (net) |
18.806 |
11.611 |
9.805 |
|
(d) Long-term Loan and Advances |
120.460 |
95.718 |
56.662 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
487.888 |
276.305 |
210.254 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.495 |
0.000 |
0.000 |
|
(c)
Trade receivables |
432.873 |
341.086 |
340.489 |
|
(d)
Cash and cash equivalents |
301.350 |
146.848 |
39.493 |
|
(e)
Short-term loans and advances |
190.291 |
89.302 |
38.566 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
925.009 |
577.236 |
418.548 |
|
|
|
|
|
|
TOTAL |
1412.897 |
853.541 |
628.802 |
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
900.000 |
850.000 |
|
|
|
|
|
The above information has been parted by Mr. Manoj
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.81 |
5.38 |
3.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
28.853 |
28.853 |
28.853 |
|
Reserves & Surplus |
451.244 |
683.983 |
1199.696 |
|
Net worth |
480.097 |
712.836 |
1228.549 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.267 |
0.151 |
|
Total borrowings |
0.000 |
0.267 |
0.151 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 two years |
Yes |
|
12] |
Profitability for last three years |
No |
|
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) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Other loans and advance |
0.151 |
0.267 |
|
|
|
|
|
Total |
0.151 |
0.267 |
Note:
- The
Registered Office of the company has been shifted from 302-Almas Building,
51, Sangi Colony, District-Indore, Madhya Pradesh, India to the
present address w.e.f. 14.03.2007
- No Charges Exist for Company
FIXED ASSETS:
- Computer
- Computer Software
- Office Equipment
- Furniture and Fixtures
- Land
PRESS RELEASE
YASH TECH LOOKS TO
DOUBLE HEADCOUNT FOR EXPANSION
HYDERABAD, JUNE 15:
YASH Technologies, the US-based firm, will tap Indian stock exchanges in 2014 after it reached a turnover of $250-300 million.
The company, which registered a turnover of $133 million in 2011, is stepping up its business in India.
The company is looking at doubling staff numbers to 5,000 from the present 2,100 when it announces its IPO plans. It provides solutions in areas such as automotive, life sciences and financial services.
“We are planning to double our workforce by expanding Pune and Indore facilities. We are investing $25 million on this,” Mr Bala Navuluri, Chief Operating Officer of YASH Technologies, said.
NEW FACILITY
Talking to reporters here on Friday after inaugurating its new facility here, he said the company would recruit 1,000 people in Hyderabad during the next 12-18 months, to take the India strength to 2,500. It employed 600 more outside India.
Besides expanding its Germany presence, the company will set up a dedicated office in the second half of this year. In India, it operates nine centres in Bangalore, Mumbai and Indore. He said the 16-year-old firm had not raised funds so far and depended entirely on internal resources for growth. “We might go for private equity funds prior to the public issue. We have not decided yet on the quantum of funds to be raised,” he said.
TRAINING
He said the company believed in training the students from tier-I and tier-ii cities in select skills such as Java, Microsoft suite and SAP. “At any given point we will be training at least 30 people in a select skill,” he said.
YASH TECHNOLOGIES TO
GO FOR IPO BY 2014
Yash Technologies, an IT consulting and services firm based out of Illinois (US), is planning to go for an IPO (initial public offering) in the next two years in India.
The move may happen once the company reaches total headcount of 5,000 employees globally, and record a revenue of $250-million by 2014, Balakrishna Navluri, chief operating officer, Yash Technologies Private Limited, said addressing the media at the launch of its global development centre (GDC) at Hyderabad.
Currently, the company has a total headcount of 2,100 globally, including 1,500 in India, and its turnover for the year 2011-12 was recoded at $133 million. "We have been growing at 30 per cent year-on-year, and we expect the same growth to continue in the next few years," he said.
The company is positive about the Indian markets, and expects a good business coming from the domestic companies. "The e-governance projects are going on a full swing, along with many other big projects. We want to be a leading player in the domestic markets three years down the line," he added.
As part of expansion plans in India, it has plans to create local touch points across the country and has plans to add three more centres at Nagpur, Indore and Pune with a total investment of around $20-25 million. Currently, it has nine centres at Hyderabad, Bangalore, Indore, Mumbai and Pune.
The Hyderabad centre, spread across 125,000 sft area, has capacity to accommodate 1,300 employees. It has come up with an investment of Rs 180.000 millions.
The SAP solutions and training provider, Yash Technologies, currently has training centres at various districts in Andhra Pradesh including at Tirupati, Guntur and Hyderabad, to train students on business intelligence, Microsoft, and Java based solutions.
YASH TECHNOLOGIES
ANNOUNCES ACQUISITION OF SPECTRASOFT TECHNOLOGIES
Indore, India and Chennai, India (October 29, 2013) – Leading technology services and outsourcing partner for global companies, YASH Technologies, today announced the acquisition of SpectraSoft Technologies, a leading business solutions specialist for process industries and SAP channel partner in India.
Globalization and the increased adoption of industry focused SAP® Rapid Deployment solutions are changing the IT landscape of midmarket companies in the pharmaceutical and process industries in India. YASH and SpectraSoft have seen the readiness by customers to integrate the SAP ERP application in their organizations in order to automate business processes and support rapid growth. The acquisition of SpectraSoft will further strengthen YASH's full service capabilities in these verticals and continue to position YASH as a partner to SAP (NYSE: SAP).
"Chemical and process industries have always been strategic focus areas for YASH and the acquisition of the well regarded industry specialist SpectraSoft, aligns well with YASH's vision to capture more market share in the process industry vertical," said Manoj Baheti, Founder and CEO of YASH Technologies. "SpectraSoft's deep rooted expertise in specialty chemicals and pharmaceutical verticals will also benefit our customers in other geographies including the overall Asia Pacific, US and European markets."
SpectraSoft built a reputation of delivering high business value to customers in the life sciences, chemical, and food processing verticals since its inception in 2004. It has developed impressive relationships with leading brands in the midmarket and large enterprise segments. Existing customers will benefit from the vast knowledge from both organizations and will continue to be serviced and supported by their respective services provider. Customers can also expect existing solution offerings such as SpectraSoft's Spectra Sales & Distribution (S&D) and YASH’s ChemOne solution to be enhanced even further to deliver highly competitive offerings.
"We are excited to be part of the YASH Technologies organization given its tremendous reputation in the SAP ecosystem," states Nagaraj Bhargava, CEO of SpectraSoft Technologies. "The competencies, industry leading solutions and IP that we have built as a process vertical specialist, combined with YASH's customer-centric approach and expanding global foot print, will be a compelling combination for existing and new customers of both organizations."
With the business terms of the acquisition complete, YASH expects to accelerate SAP software licensing and services opportunities already in process within the channel and to capture additional application management services and end-to-end SAP solution implementation projects for both organizations. The leadership teams of both organizations are looking forward to completing the operational transitions of the acquisition and anticipate 2014 will be a record year.
YASH TECHNOLOGIES
ACHIEVES ISO 27001:2005 INFORMATION SECURITY MANAGEMENT SYSTEM CERTIFICATION
Indore, India (Nov. 5, 2013) –YASH Technologies™, a leading technology services and outsourcing partner for global companies, today announced it has achieved the ISO 27001:2005 Information Security Management System (ISMS) Standard. This certification verifies the compliance of YASH’s practices for IT consulting and managed services, including software development, maintenance, and testing, and will give its clients added assurance that they are working with a company that operates using well-established, reputable principles.
The ISO 27001:2005 ISMS Standard is a process approach established by the International Organization for Standardization (ISO), the world’s largest developer of international standards. This achievement confirms YASH’s high standard for compliance and regulation for the protection of internal, as well as customer, information assets. As managed services is a key focus area of the company, YASH is fully dedicated to lowering security risks and will participate in continuous certification audits.
"YASH is committed to maintaining the confidentiality, integrity and availability of our customers' information," said Murali Jothilingam, vice president of IMS, YASH. "ISO certification gives peace of mind to those companies who know YASH is in compliance of strict guidelines and principles for effective information security management."
ISO is a network of the national standards institutes for 162 countries and created the standard to set international requirements for quality management systems. Adopted today by more than 80 countries, the ISO 27001:2005 ISMS provides a management framework for continuing conformance to information security systems.
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. 59.72 |
|
|
1 |
Rs. 102.45 |
|
Euro |
1 |
Rs. 81.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.