MIRA INFORM REPORT
|
Report Date : |
25.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
CAPGEMINI INDIA PRIVATE LIMITED (w.e.f. 07.09.2007) |
|
|
|
|
Formerly Known
As : |
KANBAY SOFTWARE ( |
|
|
|
|
Registered
Office : |
Plant 2, Block “A”, Godrej IT Park, Godrej and Boyce Compound, LBS
Marg, Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
|
|
|
Country : |
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|
|
|
Financials (as on)
: |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.09.1992 |
|
|
|
|
Com. Reg. No.: |
11-197069 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.73.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
u72200mh1992ptc197069 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2632B |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
The Company is engaged in software development and related services providing consulting, technology and outsourcing services. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 83000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Exist |
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|
Comments : |
Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile marked by decent
profitability levels and strong liquidity position. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered for normal 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to Rs
1 mn or more in their savings bank accounts in the current financial year. It
plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 DECLINED
Management Non-Cooperative (91-22-66860500)
LOCATIONS
|
Registered Office : |
Plant 2, Block “A”, Godrej IT Park, Godrej and Boyce Compound, LBS Marg,
Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-66421000 / 67557000 |
|
Fax No.: |
91-22-25187100 |
|
E-Mail : |
|
|
Website: |
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|
Location : |
Leased |
|
|
|
|
Pune (Financial
Services) Office : |
A-1, Software Technology Park MIDC, Talwade, Pune – 412114,
Maharashtra, India |
|
Tel. No.: |
91-20-27601000 |
|
|
|
|
Branches : |
Located At:
|
DIRECTORS
As on 26.08.2013
|
Name : |
Mr. Hubert Paul Henri Giraud |
|
Designation : |
Director |
|
Address : |
14, Rue, Barbette |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
00817709 |
|
|
|
|
Name : |
Mr. Salil Satish Parekh |
|
Designation : |
Director |
|
Address : |
602, |
|
Date of Appointment : |
22.03.2007 |
|
Date of Birth/Age : |
05.06.1964 |
|
DIN No.: |
01876159 |
|
|
|
|
Name : |
Mr. Pierre Yves Cros |
|
Designation : |
Director |
|
Address : |
Little ST Michaels West Heath, Oxted RH80QS, |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
02017700 |
|
|
|
|
Name : |
Mr. Philippe Grangeon Pierre |
|
Designation : |
Director |
|
Address : |
8 Rue Des Saints-Peres Paris-75007 |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
02275201 |
|
|
|
|
Name : |
Ms. Aruna Jayanthi |
|
Designation : |
Director |
|
Address : |
C-62, Belapur, 37 D, Nepean Sea Road, Mumbai – 400036, Maharashtra,
India |
|
Date of Appointment : |
02.08.2011 |
|
Date of Birth/Age : |
05.09.1962 |
|
DIN No.: |
00817860 |
|
|
|
|
Name : |
Mr. Jermy Nicholas Roffe Vidal |
|
Designation : |
Director |
|
Address : |
50 R Du Chateau, Boulonge, Billancour, USA 92100 |
|
Date of Appointment : |
30.07.2012 |
|
DIN No.: |
03644038 |
|
|
|
|
Name : |
Mr. Aftab Zaid Ullah |
|
Designation : |
Additional Director |
|
Address : |
Buena Vista SNO 138, HNO1A/1A/1/1A, Pashan, Pune - 412021,
Maharashtra, India |
|
Date of Birth/Age : |
23.08.1970 |
|
Date of Appointment : |
30.07.2012 |
|
DIN No.: |
05165334 |
KEY EXECUTIVES
|
Name : |
Ms. Armin Behram Billimoria |
|
Designation : |
Secretary |
|
Address : |
R-17, Godrej Baug, Off |
|
Date of Appointment : |
05.09.2008 |
|
PAN No.: |
AADPB5862E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Capgemini Financial Services International Inc., |
|
4504 |
|
Kanbay (Asia) Limited, |
|
195850 |
|
Capgemini |
|
537081 |
|
Capgemini Holding Inc., |
|
1 |
|
Total |
|
737436 |
As on 26.08.2013
Equity Share Break up (Percentage of Total Equity)
|
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 : |
The Company is engaged in software development and related
services providing consulting, technology and outsourcing services. |
||||
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||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
The Saraswat Co-Operative Bank Limited, Vikhroli Branch |
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|
|
|
Banking
Relations : |
--- |
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|
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Auditors : |
|
|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compoundm N.M. Joshi
Marg, Mumbai – 400011, Maharashtra, India
|
|
PAN No.: |
AAKFB4397F |
|
|
|
|
Subsidiary Company
: |
Pune Software Park Private Limited |
CAPITAL STRUCTURE
As on 26.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14800000 |
Equity Shares |
Rs.100/- each |
Rs.1480.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
737436 |
Equity Shares |
Rs.100/- each |
Rs.73.744 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14800000 |
Equity Shares |
Rs.100/- each |
Rs.1480.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
737000 |
Equity Shares |
Rs.100/- each |
Rs.73.700
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 |
73.700 |
73.700 |
73.700 |
|
(b) Reserves & Surplus |
20840.500 |
14859.000 |
14263.100 |
|
(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) |
20914.200 |
14932.700 |
14336.800 |
|
|
|
|
|
|
(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 |
317.000 |
534.400 |
177.800 |
|
(d) long-term
provisions |
2027.600 |
1697.100 |
1360.100 |
|
Total Non-current
Liabilities (3) |
2344.600 |
2231.500 |
1537.900 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
131.100 |
1027.500 |
1172.200 |
|
(c) Other
current liabilities |
4265.100 |
4283.600 |
2690.300 |
|
(d) Short-term
provisions |
1075.700 |
775.800 |
530.400 |
|
Total Current
Liabilities (4) |
5471.900 |
6086.900 |
4392.900 |
|
|
|
|
|
|
TOTAL |
28730.700 |
23251.100 |
20267.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6290.400 |
4421.900 |
4073.200 |
|
(ii)
Intangible Assets |
235.200 |
250.600 |
280.200 |
|
(iii)
Capital work-in-progress |
10.600 |
680.900 |
439.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
174.600 |
174.600 |
1022.300 |
|
(c) Deferred tax assets (net) |
1322.900 |
822.700 |
237.200 |
|
(d) Long-term Loan and Advances |
1444.900 |
1203.500 |
753.500 |
|
(e) Other
Non-current assets |
3.300 |
3.700 |
3.100 |
|
Total Non-Current
Assets |
9481.900 |
7557.900 |
6808.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
6716.000 |
6666.700 |
5434.500 |
|
(d) Cash
and cash equivalents |
10063.900 |
6508.400 |
4284.600 |
|
(e)
Short-term loans and advances |
505.300 |
578.400 |
1683.200 |
|
(f) Other
current assets |
3163.600 |
1939.700 |
2056.800 |
|
Total
Current Assets |
20448.800 |
15693.200 |
13459.100 |
|
|
|
|
|
|
TOTAL |
28730.700 |
23251.100 |
20267.600 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
46806.400 |
37639.700 |
31413.000 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL
(A) |
46806.400 |
37639.700 |
31413.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
39285.200 |
31901.000 |
26651.000 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
39285.200 |
31901.000 |
26651.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7521.200 |
5738.700 |
4762.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
207.400 |
183.900 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7313.800 |
5554.800 |
2588.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1666.100 |
1317.300 |
1087.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5647.700 |
4237.500 |
3675.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1566.200 |
954.100 |
623.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4081.500 |
3283.400 |
3052.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
40077.700 |
34365.100 |
28588.900 |
|
|
TOTAL EARNINGS |
40077.700 |
34365.100 |
28588.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
491.500 |
468.200 |
375.700 |
|
|
TOTAL IMPORTS |
491.500 |
468.200 |
375.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5535.00 |
4452.00 |
3853.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.72
|
8.72 |
0.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.87
|
19.64 |
19.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.28 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.74
|
2.58 |
3.06 |
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 |
73.700 |
73.700 |
73.700 |
|
Reserves & Surplus |
14263.100 |
14859.000 |
20840.500 |
|
Net
worth |
14336.800 |
14932.700 |
20914.200 |
|
|
|
|
|
|
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 |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
31413.000 |
37639.700 |
46806.400 |
|
|
|
19.822 |
24.354 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
31413.000 |
37639.700 |
46806.400 |
|
Profit |
3052.000 |
3283.400 |
4081.500 |
|
|
9.72% |
8.72% |
8.72% |
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 |
Yes |
|
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 |
|
LITIGATION DETAILS |
|||||||
|
HIGH COURT OF BOMABY |
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|
Bench:- Bombay |
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Stamp No:- |
ITXAL/337/2012 |
Failing Date:- |
17/02/2012 |
Reg. No.:- |
ITXA/482/2012 |
Reg. Date:- |
29/05/2012 |
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX |
Respondent:- |
CAPGEMINI INDIA PRIVATE LIMITED |
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Petn.Adv:- |
TEJVEER SINGH |
Reso. Adv.:- |
ATUL K. JASANI |
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District:- |
MUMBAI |
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Bench:- |
Division |
Category:- |
Tax Appeals |
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Status:- |
Pre-Admission |
Stage:- |
For Admission |
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Last Date:- |
28/04/2014 |
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Last Coram:- |
HON’BLE SHRI JUSTICE S. C. DHARMADHIK ARI HON’BLE SHRI JUSTICE GIRISH S. KULKARNI |
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Act:- |
Income Tax Act, 1961 |
Under Section: 260A |
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Note:
The registered office of the company has been shifted from
SEP-2, B-3, Godrej Industries Complex, Eastern Express Highway, Vikhroli,
Mumbai – 400079, Maharashtra, India to present address w.e.f. 23.04.2012
COMPANY OVERVIEW
Subject is a private limited company headquarted in India. It is incorporated under the Companies Act, 1956. The Company is engaged primarily in software development and related services providing consulting, technology and outsourcing services. The Company caters primarily to customers in the international market.
OPERATIONS
Total income during the year increased from Rs. 37639.700 Millions to Rs.46806.400 Millions. Out of the above, revenue from software operations increased from Rs.36084.600 Millions to Rs.45911.600 Millions at a growth rate of 27.23%. Out of the revenue from software operations, 44.56% came from Europe, 41.96% from America, 7.36% from India and 6.12% from Rest of the world. The Company has registered growth in all these geographic segments during the year. Operating profit increased from Rs.5738.700 Millions to Rs.7521.200 Millions, higher by 31.06%. Profit after tax increased was higher by 24.31% from Rs.3283.400 Millions to Rs.4081.500 Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90288646 |
13/12/2005 |
778,926.00 |
ICICI BANK LIMITED |
23-SANTHOME HIGH ROAD, CHENNAI, TAMIL NADU - 600028, INDIA |
- |
|
2 |
90285478 |
06/02/2002 |
2,500,000.00 |
THE PUNJAB NATIONAL BANK |
MYLAPORE BRANCH, CHENNAI, TAMIL NADU - 600004, INDIA |
- |
|
3 |
80018969 |
29/05/1996 |
3,500,000.00 |
CENTRAL BANK OF INDIA |
PIMPRI BRANCH, PUNE, MAHARASHTRA - 411033, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computer Software
- Computer Equipment
- Computer Software
- Furniture and Fixtures
- Office Equipments
AS PER WEBSITE
PRESS RELEASES
RESULTS OF THE
REPURCHASE OFFER OF THE OCEANES DUE JANUARY 1, 2014 (THE “2014 OCEANES”)
Paris, November 4, 2013 – Cap Gemini S.A. announces the repurchase of 84% of 2014 OCEANEs pursuant to the reverse bookbuilding process led on October 18, 2013 and the repurchase offer conducted in France from October 21, 2013 to October 25, 2013 inclusive.
Additional settlement and delivery of 2014 OCEANEs that may occur in the coming days could increase the final volume of 2014 OCEANEs repurchased to approximately 85%.
The final results of the repurchase offer will be published on November 7, 2013.
About the Capgemini
Group
With more than 125,000 people in 44 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2012 global revenues of EUR 10.3 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
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.60.70 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.83.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
52 |
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.