MIRA INFORM REPORT
|
Report Date : |
09.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
HONEYWELL INTERNATIONAL ( |
|
|
|
|
Formerly Known
As : |
RIGHT CHOICE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17, Ground Floor, Amrit House, Sant Nagar, |
|
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|
Country : |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.08.1995 |
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|
|
|
Com. Reg. No.: |
55-071592 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.350.258 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC071592 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKH01684E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA7954K |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer and Trader of Life Safety
Equipment’s that includes Fire and Smoke Detectors. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
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 |
|
Maximum Credit Limit : |
USD 11340000 |
|
|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relations reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing 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 – 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 DENIED
Management Non-Cooperative (Tel No.: 91-124-6715000)
LOCATIONS
|
Registered Office : |
17, Ground Floor, Amrit House, Sant Nagar, New Delhi – 110065, India |
|
Tel. No.: |
91-11-40547294 |
|
Fax No.: |
91-11-40547296 |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sudhir Banerjee |
|
Designation : |
Director |
|
Address : |
C - 13, 4, SFS DDA Flats, Saket, New Delhi – 110 017, NCT of Delhi,
India |
|
Date of Birth/Age : |
10.10.1964 |
|
Date of Appointment : |
18.06.2007 |
|
DIN No.: |
01629241 |
|
|
|
|
Name : |
Mr. Ajay Kumar Kukreja |
|
Designation : |
Additional Director |
|
Address : |
T5, 903 Parsvnath Greenville, Sector-48, Sohna Road, Gurgaon – 122018,
Haryana, India |
|
Date of Birth/Age : |
02.11.1968 |
|
Date of Appointment : |
14.06.2013 |
|
DIN No.: |
06607494 |
KEY EXECUTIVES
|
Name : |
Mr. Neeraj Dewan |
|
Designation : |
Secretary |
|
Address : |
H No.667, Sector 7B, Faridabad – 121006, Haryana, India |
|
Date of Birth/Age : |
07.01.1967 |
|
Date of Appointment : |
25.02.2011 |
|
PAN No.: |
AEFPD3199E |
MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Honeywell International INC. |
|
35025775 |
|
Honeywell International Asia Pacific INC. |
|
2 |
|
Total |
|
35025777 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
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 |
%20PRIVATE%20LIMITED%20-%20275936%2009-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Life Safety
Equipment’s that includes Fire and Smoke Detectors. |
||||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|
|
|
|
Bankers : |
Citibank |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mukherjee
Sougata Chartered Accountants |
|
Address : |
Price Water
House, 8th Floor, Building -8, Tower-B, DLF
Cybercity, Gurgaon – 122002, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
·
Honeywell International Inc |
|
|
|
|
Fellow Subsidiaries : |
·
Ademco Asia Pacific Limited · Adi Global Distribution Limited (USA) · Adi Global Distribution Limited Australia · Adi Global Distribution Limited, UK ·
ADI Global Distribution ·
Honeywell Safety Products (Shanghai) Company Limited ·
Honeywell Safety Products HK ·
Honeywell Security (Access) ·
Honeywell Security (China) Company Limited. ·
Honeywell Security (Hong Kong) Company Limited ·
ADI-Gardiner EMEA Limited ·
Honeywell Security (Intruder) UK Limited ·
ADI-Melville Honeywell Security ·
Domestic Allied Signal Aero Sales Corporation Honeywell Security UK
Limited ·
BW Technologies LP Honeywell Sensing and Control (China) Company
Limited ·
Callidus Technologies India Private Limited ·
Honeywell Speciality Chemicals (Singapore) Pte. Limited ·
Combisafe Gulf LLC ·
Honeywell Speciality Chemicals GMBH ·
Enraf B.V. ·
Honeywell Specialty Chemicals MTO Financiere ·
Honeywell S.A. ·
Honeywell Specialty Chemicals Seelze GmbH ·
Friction Materials NA ·
Support Honeywell Specialty Materials (China) Company Limited ·
GSP North US Industrial Honeywell ·
SRL-Italy HAIL Dubai Honeywell Systems (Thailand) Limited ·
Hand Held Products Europe B.V. ·
Honeywell Technologies S.a.r.l. ·
Hand Held Products, Inc. ·
Honeywell Technology Solutions Inc. ·
HON Aerospace Avncs MY Sdn Bhd ·
Honeywell Technology Solutions Lab India Private Limited ·
Honeywell (China) Company Limited ·
Honeywell Tianjin Limited ·
Honeywell (Guangzhou) Friction Materials Company Limited ·
Honeywell Trading (Shanghai) Company Limited ·
Honeywell Aero HQ Honeywell Turbo (India) Private Limited ·
Honeywell Aerospace AVNCS MY SDN BSD ·
Honeywell Turbo China ·
Honeywell Aerospace Engine (Suzhou) Company Limited ·
Honeywell Turbo Techonologies India Private Limited ·
Honeywell Aerospace Singapore Pte. Limited ·
Honeywell Turki-Arabia Limited ·
Honeywell Aerospace UK ·
Honeywell Video Systems UK Limited ·
Honeywell Analytics AG HSCE - US ·
Honeywell Analytics Asia Pacific Company Limited ·
HW Specialty Chem. Seelze Gmbh ·
Honeywell Automation India Limited ·
HW Tech Solutions (Shanghai) ·
Honeywell Automotive Parts Services (Shanghai) Company Limited ·
IntelliSense (China) Company Limited ·
Honeywell Autoparts & Services Shanghai Company Limited ·
IntelliSense (Hong Kong) Limited ·
Honeywell Belgium NV KAC ·
Alarm Company Limited ·
Honeywell C72 Transportation System ·
Life Safety A/V (Guangzhou) Company Limited ·
Honeywell China Company Limited ·
Life Safety Distribution A.G Honeywell Company Limited - Korea ·
Metro (Suzhou) Technologies Company Limited ·
Honeywell Company Limited ·
Metroligic Asia (Pte) Limited ·
Honeywell Control System Limited ·
MK Electric (Malaysia) Sdn. Bhd. ·
Honeywell Controls and Automation India Private Limited ·
MK Electric (Singapore) Pte. Limited ·
Honeywell Electrical Devices and System India Private Limited ·
North Safety Products Europe B.V. ·
Honeywell Electronic Materials (Thailand) Limited ·
Notifier Fire Systems ·
Honeywell Engine Phoenix Notifier Italia S.r.l. ·
Honeywell Environmental and Combustion Controls (Tianjin) Company
Limited ·
Novar ED&S Limited ·
Honeywell Europe NV Novar GmbH ·
Honeywell Fire & Security System (Shanghai) Company Limited ·
Novar Systems Limited ·
Honeywell Fluorine Products Europe B.V. ·
Pittway Systems Technology Group Europe Limited ·
Honeywell Integrated Technology (China) Co Limited ·
Pittway Technologica SRL ·
Honeywell International – Phx ·
Engins Pittway Technologies S.P.A ·
Honeywell International Asia Pac Inc. ·
Pittway Tecnologica S.r.l. ·
Honeywell International CPG ·
Protective Products Holdings Inc. ·
Honeywell International Middle East Limited ·
PT Honeywell Indonesia ·
Honeywell International Sarl PT. ·
KSW Batam Honeywell International ·
SRO Sinopec Honeywell (Tianjin) Limited ·
Honeywell Japan Inc. Sinopec Honeywell Limited ·
Honeywell Kuwait Ksc ·
Sperian Produtos de Seguranca Ltda. ·
Honeywell Life Safety AS Sperian Protection Europe SAS ·
Honeywell Life Safety Austria GmbH ·
Sperian Protection Gloves Plancher ·
Honeywell Limited (Canada) ·
Sperian Protection Hong Kong Limited ·
Honeywell Limited ·
(Australia) SSD Far East Sales Honeywell Limited (Hong Kong) ·
System Sensor Fire Detectors LLC ·
Honeywell Middle East FZE Ultimate International Private Limited ·
Honeywell Pte Limited Singapore ·
UOP India Private Limited ·
Honeywell S.A. [France] ·
UOP LLC Honeywell Safety Products (Chuzhou)
Company Limited |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35025777 |
Equity Shares |
Rs.10/- each |
Rs.350.258 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 |
350.258 |
350.258 |
350.258 |
|
(b) Reserves & Surplus |
2,483.640 |
1,913.112 |
1,451.400 |
|
(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) |
2,833.898 |
2,263.370 |
1,801.658 |
|
|
|
|
|
|
(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 |
162.460 |
132.564 |
40.495 |
|
Total Non-current Liabilities (3) |
162.460 |
132.564 |
40.495 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
712.648 |
640.982 |
535.742 |
|
(c) Other current liabilities |
196.553 |
157.064 |
123.942 |
|
(d) Short-term provisions |
24.448 |
9.818 |
26.541 |
|
Total Current Liabilities (4) |
933.649 |
807.864 |
686.225 |
|
|
|
|
|
|
TOTAL |
3,930.007 |
3,203.798 |
2,528.378 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
368.652 |
388.955 |
358.961 |
|
(ii) Intangible Assets |
1.416 |
0.520 |
1.280 |
|
(iii) Capital
work-in-progress |
0.000 |
3.662 |
14.513 |
|
(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) |
110.857 |
97.272 |
59.453 |
|
(d) Long-term Loan and Advances |
30.731 |
30.613 |
30.311 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
511.656 |
521.022 |
464.518 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
430.005 |
424.950 |
317.603 |
|
(c) Trade receivables |
1,256.322 |
1,213.143 |
805.489 |
|
(d) Cash and cash
equivalents |
1,215.577 |
475.083 |
677.902 |
|
(e) Short-term loans and
advances |
202.539 |
400.469 |
93.102 |
|
(f) Other current assets |
313.908 |
169.131 |
169.764 |
|
Total Current Assets |
3,418.351 |
2,682.776 |
2,063.860 |
|
|
|
|
|
|
TOTAL |
3,930.007 |
3,203.798 |
2,528.378 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
4794.300 |
3918.500 |
3173.200 |
|
|
|
|
Other Income |
256.700 |
153.700 |
123.700 |
|
|
|
|
TOTAL |
5051.000 |
4072.200 |
3296.900 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
4,138.700 |
3,339.800 |
2,787.700 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
912.300 |
732.400 |
509.200 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
59.400 |
45.900 |
35.300 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
852.900 |
686.500 |
473.900 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
282.300 |
224.800 |
151.200 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
570.600 |
461.700 |
322.700 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1913.100 |
1451.400 |
1128.700 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
2483.700 |
1913.100 |
1451.400 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export of Goods |
2206.800 |
1551.900 |
944.600 |
|
|
|
TOTAL EARNINGS |
2206.800 |
1551.900 |
944.600 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
NA |
180.963 |
223.715 |
|
|
|
|
Capital Goods |
NA |
8.364 |
0.000 |
|
|
|
TOTAL IMPORTS |
NA |
189.327 |
223.715 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
16.29 |
9.21 |
5.84 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
11.30 |
11.34 |
9.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.79 |
17.52 |
14.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.33 |
22.12 |
19.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.30 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.66 |
3.32 |
3.01 |
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 |
350.258 |
350.258 |
350.258 |
|
Reserves & Surplus |
1451.400 |
1913.112 |
2483.640 |
|
Net
worth |
1801.658 |
2263.370 |
2833.898 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20275936%2009-Jul-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3,173.200 |
3,918.500 |
4,794.300 |
|
|
|
23.487 |
22.350 |
%20PRIVATE%20LIMITED%20-%20275936%2009-Jul-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
3,173.200 |
3,918.500 |
4,794.300 |
|
Profit |
322.700 |
461.700 |
570.600 |
|
|
10.17% |
11.78% |
11.90% |
%20PRIVATE%20LIMITED%20-%20275936%2009-Jul-2014_files/image008.gif)
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
FUTURE OUTLOOK:
During the year, the company has achieved a turnover (sales, technical
services and other income) of Rs.5051.000 Millions against Rs.4072.200 Millions
during the previous year thus recording a positive growth rate of 24%. The
Company has recorded Profit of Rs.570.600 Millions after tax during the year
against Profit of Rs.461.700 Millions after tax during previous year. The
business units of the company continues to have great potential in India and
they are hopeful of good volume in future from all the line of business. The
Company is committed to follow the Honeywell Global initiatives i.e. Growth,
Productivity, Cash, People and Enablers. The Company has dedicated resources
for business development activities in the country. They provide support to
various businesses to identify the opportunities in areas like sourcing,
research and development and establish new business opportunities in India.
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.59.80 |
|
|
1 |
Rs.102.42 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
61 |
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.