MIRA
INFORM REPORT
|
Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIEBOLD SYSTEMS PRIVATE LIMITED (w.e.f. 23.07.2003) |
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Formerly Known
As : |
DIEBOLD HMA PRIVATE LIMITED (w.e.f. 18.08.1999) DIEBOLD HMA LIMITED (w.e.f. 01.07.1997) DIEBOLD HMA PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A
Western Express Highway, Goregaon (East), Mumbai - 400063, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.07.1992 |
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Com. Reg. No.: |
11-205347 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000
Millions |
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CIN No.: [Company Identification
No.] |
U72300MH1992PTC205347 |
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PAN No.: [Permanent Account No.] |
AAACD3206C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is primarily engaged in trading in installation of and providing
maintenance services for Automated Teller Machines (‘ATMs’) and networked
cash dispensers including associated software in |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5400100 |
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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. There is a dip in profit of the company in the year 2013. However, liquidity
position of the company is strong and healthy. Trade relation 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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 co-operative [91-22-66774900]
LOCATIONS
|
Registered/
Mumbai Corporate Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A
Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India
|
|
Tel. No.: |
91-22-66774900 |
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Fax No.: |
91-22-66774901 |
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E-Mail : |
sandeshnikanth.shringarpure@diebold.com |
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Website : |
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Location : |
Owned |
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Diebold Managed Services Centre: |
G-Corp Tech Park, 8th Floor, Kasarvasavli, Ghodebunder
Road, Thane (West) – 400615, Maharashtra, India |
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Tel. No.: |
91-22-30969600 |
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Fax No.: |
91-22-30969966 |
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DSSPL Private Limited 17th Floor, Building No.2, R Tech Park, Nirlon Compound,
Pahadi Goregaon, Off Western Express Highway, Goregaon (East), Mumbai –
400063, Maharashtra, India |
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Tel. No.: |
91-22-66497500 |
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Fax No.: |
91-22-66497600 |
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Manufacturing Unit: |
Diebold India Private Limited 45/46, Tivim Industrial Estate, Karaswada, Mapusa, Goa – 403526 |
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Tel. No.: |
91-832-6655478 |
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Fax No.: |
91-832-2258170 |
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Regional Office: |
Located At: ·
Chennai ·
Ahmedabad ·
·
·
·
·
Chandigarh ·
Hyderabad ·
Hyderabad GDC ·
Jaipur ·
Kolkata ·
·
·
·
·
·
·
Pune ·
·
Cochin ·
·
Guwahati ·
·
Tirunelveli ·
Trichy ·
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Chandan Arora |
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Designation : |
Alternate Director |
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Address : |
A-1005/2004, Lake Florence MTR, RM-2/5, Phase-I, Lake Homes, Powai,
Mumbai-400076, Maharashtra, India |
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Date of Birth/Age : |
20.01.1977 |
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Date of Appointment : |
08.11.2012 |
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DIN No.: |
06437695 |
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Name : |
Mr. Karthikeyan Subramanian Ganapathi |
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Designation : |
Director |
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Address : |
737, W Washigton BLVD APT 1603, Chicago IL 60661 |
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Date of Birth/Age : |
11.11.1974 |
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Date of Appointment : |
08.11.2012 |
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DIN No.: |
06437700 |
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Name : |
Jing Zhou |
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Designation : |
Director |
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Address : |
Room No.1105, Building 8, 428 Chand Ping Road, Shanghai |
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Date of Birth/Age : |
31.01.1975 |
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Date of Appointment : |
02.04.2012 |
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DIN No.: |
05252166 |
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Name : |
Chad Frederic Hesse |
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Designation : |
Director |
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Address : |
30590 Jasmine CT, North Olmsted OH - 440704799 |
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Date of Birth/Age : |
01.04.1972 |
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Date of Appointment : |
07.09.2011 |
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DIN No.: |
03565371 |
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Name : |
Wico Everard Van Genderen |
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Designation : |
Director |
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Address : |
11 Sorrel Run, MT Laurel, NJ, USA 80544818 |
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Date of Birth/Age : |
09.10.1958 |
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Date of Appointment : |
02.04.2012 |
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DIN No.: |
05251981 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Diebold Incorporated Inc., USA |
99976 |
99.98 |
|
Diebold Holdings Company Inc., USA |
24 |
0.02 |
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TOTAL
|
100000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in trading in installation of and
providing maintenance services for Automated Teller Machines (‘ATMs’) and
networked cash dispensers including associated software in India. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountant |
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Address : |
Lodha Excelus, 1st Floor, Appollo Mills Compound, N.M.
Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
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Tel. No.: |
91-22-39896000 |
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Fax No.: |
91-22-39836000 |
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PAN No: |
AAAFB9852F |
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Holding Company : |
Diebold Incorporated, |
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Fellow Subsidiaries : |
·
Diebold India Private Limited ·
Diebold Software Systems Private Limited ·
Diebold Shanghai ·
Diebold Malaysia ·
Diebold Argentina ·
Diebold Colombia ·
Diebold EMEA Logistics ·
Diebold Thailand ·
Diebold Procomp Amazonia (Brazil) ·
Diebold Self Solutions (France) ·
Diebold Pacific Limited ·
Diebold Financial Equipment ·
Diebold Australia Pty Limited ·
Diebold Philippines Limited ·
Diebold Enterprise Security Systems Japan Limited ·
Diebold Enterprise Security Systems - UK |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000
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 |
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|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
1340.044 |
1162.699 |
852.954 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
1350.044 |
1172.699 |
862.954 |
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|
|
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(3) Non-Current
Liabilities |
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|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
28.346 |
35.144 |
15.459 |
|
(d) long-term provisions |
63.706 |
76.072 |
78.305 |
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Total Non-current
Liabilities (3) |
92.052 |
111.216 |
93.764 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
300.000 |
0.000 |
120.000 |
|
(b) Trade payables |
1715.927 |
1701.446 |
1155.452 |
|
(c) Other current
liabilities |
434.944 |
332.553 |
337.198 |
|
(d) Short-term provisions |
186.449 |
185.708 |
113.286 |
|
Total Current Liabilities
(4) |
2637.320 |
2219.707 |
1725.936 |
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|
|
|
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TOTAL |
4079.416 |
3503.622 |
2682.654 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
284.219 |
46.428 |
46.570 |
|
(ii) Intangible Assets |
0.159 |
0.296 |
0.000 |
|
(iii) Capital
work-in-progress |
2.617 |
106.127 |
0.000 |
|
(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) |
291.454 |
117.215 |
112.951 |
|
(d) Long-term Loan and Advances |
333.750 |
307.787 |
179.814 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
912.199 |
577.853 |
339.335 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
736.250 |
754.161 |
644.464 |
|
(c) Trade receivables |
1390.580 |
1268.690 |
1165.492 |
|
(d) Cash and cash
equivalents |
527.069 |
467.438 |
211.331 |
|
(e) Short-term loans and
advances |
313.826 |
351.479 |
263.327 |
|
(f) Other current assets |
199.492 |
84.001 |
58.705 |
|
Total Current Assets |
3167.217 |
2925.769 |
2343.319 |
|
|
|
|
|
|
TOTAL |
4079.416 |
3503.622 |
2682.654 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income From Operations |
6281.224 |
5992.305 |
4538.950 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
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|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
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|
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|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
323.349 |
483.555 |
496.569 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
72.242 |
18.649 |
23.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
251.107 |
464.906 |
473.362 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
73.762 |
155.161 |
193.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
177.345 |
309.745 |
279.767 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
NA |
|
|
|
FOB Value of Goods Exported |
7.705 |
6.496 |
13.068 |
|
|
|
Reimbursement of Expenses |
24.555 |
11.764 |
9.278 |
|
|
TOTAL EARNINGS |
32.260 |
18.260 |
22.346 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components and Spares |
231.741 |
200.885 |
160.553 |
|
|
|
Traded Goods (Including related software) |
136.817 |
79.021 |
12.530 |
|
|
|
Demo Assets |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
368.558 |
279.906 |
173.083 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1773.00 |
3097.45 |
2797.67 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.00
|
7.75 |
10.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.63
|
14.17 |
18.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.40 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.22
|
0.00 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.32 |
1.35 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
852.954 |
1162.699 |
1340.044 |
|
Net worth |
862.954 |
1172.699 |
1350.044 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
120.000 |
0.000 |
300.000 |
|
Total borrowings |
120.000 |
0.000 |
300.000 |
|
Debt/Equity ratio |
0.139 |
0.000 |
0.222 |
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) |
|
Income From Operations |
4538.950 |
5992.305 |
6281.224 |
|
|
|
32.020 |
4.822 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Income From Operations |
4538.950 |
5992.305 |
6281.224 |
|
Profit |
279.767 |
309.745 |
177.345 |
|
|
6.16% |
5.17% |
2.82% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90288957 |
24/09/1999 |
163,200.00 |
THAYER OVERSEAS FINANCE LIMITED |
KOTHARI BUILDINGS, 114 MG ROAD, CHENNAI - 600034, TAMILNADU, INDIA |
- |
|
2 |
90291127 |
16/09/1999 |
668,000.00 |
THAYER OVERSEAS FINANCE LIMITED |
KOTHARI BUILDINGS, 114 MG ROAD, CHENNAI - 600034, TAMILNADU, INDIA |
- |
|
3 |
90286860 |
02/08/2000 * |
7,500,000.00 |
ICICI BANKING CORPORATION LIMITED |
NO.1 CENOTAPH ROAD, MADRAS - 600018, TAMILNADU, INDIA |
- |
* Date of charge modification
NOTE:
The Registered office of the company has been
shifted from IV Floor, C Wing, Trade Star, Andheri Kurla Road, Andheri (East), Mumbai
– 400059, Maharashtra, India to the present address w.e.f. 13.02.2012.
BACKGROUND:
Subject is a subsidiary of Diebold Incorporated (‘the holding company’) was
incorporated on 10 July 1992. The company is primarily engaged in trading in
installation of and providing maintenance services for Automated Teller
Machines (‘ATMs’) and networked cash dispensers including associated software
in
AMALGAMATION AND MERGER OF THE COMPANY:
During the financial year
2012-13 the company had submitted an application for the approval of Honorable
High Court, Mumbai for amalgamation and merger of Diebold India Private Limited
and Diebold Software Systems Private Limited pursuant to a scheme of
amalgamation as approved by the Board of Directors of the company. The said
Scheme has been approved by the High Court, Mumbai vide its order dated 23rd
August 2013. Pursuant to the filing of order with Registrar of Companies, the
Scheme would get effective from 1st April 2013, the appointed date.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Term loans from banks |
300.000 |
0.000 |
|
TOTAL
|
300.000 |
0.000 |
FIXED ASSETS:
·
Leasehold Improvement
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computer
·
Office Equipments
·
Demo Assets
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.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.