MIRA
INFORM REPORT
|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HONEYWELL INTERNATIONAL (INDIA) PRIVATE
LIMITED (w.e.f.03.05.2000) HONEYWELL CONTROLS AND AUTOMATION INDIA
PRIVATE LIMITED (AMALGAMATED WITH HONEYWELL INTERNATIONAL (INDIA) PRIVATE
LIMITED) |
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|
|
Formerly Known
As : |
ALLIED SINGLE INDIA PRIVATE LIMITED (w.e.f. 08.12.1995) RIGHT CHOICE INDIA PRIVATE LIMITED |
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Registered
Office : |
17, Ground Floor, Amrit House, Sant Nagar, New Delhi -
110065 |
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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 |
|
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC071592 |
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|
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PAN No.: [Permanent Account No.] |
AABCA7954K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To provide consulting services in the area of software, programmes, films information processing and business advisory services. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 |
|
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. Financial position of the company is sound. Fundamentals of the
company are healthy. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the share goes up further in the
coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Chandra Shekhar |
|
Designation : |
Account Executive |
|
Contact No.: |
91-20-66039400 |
|
Date : |
02.09.2014 |
LOCATIONS
|
Registered Office : |
17, Ground Floor, Amrit House, Sant Nagar, New Delhi –
110065, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
56 and 57, Hadapsar Industrial Estate,
Hadapsar, Pune – 411013, Maharashtra, India
|
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Tel. No.: |
91-20-66039400 |
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Fax No.: |
91-20-66039800 |
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Regional Offices
: |
Located At : · Bangalore · Baroda · Chennai · Hyderabad · Jamshedpur · Kolkata · Mumbai · New Delhi ·
Goa |
DIRECTORS
As on 14.08.2013
|
Name : |
Mr. Sudhir Banerjee |
|
Designation : |
Director |
|
Address : |
C 13, 4, SFS, DDA Flats, Saket, New Delhi - 110017, India |
|
Date of Birth/Age : |
10.10.1964 |
|
Date of Appointment : |
18.06.2007 |
|
DIN No.: |
01629241 |
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|
|
|
Name : |
Mr. Ajay Kumar Kukreja |
|
Designation : |
Additional Director |
|
Address : |
T5, 903, Parsvnath, Green Ville, Sector 48, Sohna Road, Gurgoan –
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 78, Faridabad – 121006, Haryana, India |
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Date of Birth/Age : |
07.01.1967 |
|
Date of Appointment : |
25.02.2011 |
|
PAN No.: |
AEFPD3199E |
MAJOR SHAREHOLDERS
As on 14.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Honeywell international Inc. USA |
|
35025775 |
|
Honeywell international Asia pacific Inc. USA |
|
2 |
|
Total |
|
35025777 |
Equity Share Break up (Percentage of Total Equity)
As on 14.08.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED)%20-%20284180%2010-Sep-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
To provide consulting services in the area of software, programmes, films information processing and business advisory services. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Price Water House, 8th Floor , Building - 8, Tower-B, DLF Cyber City, Gurgaon – 122002, Haryana, India |
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PAN No.: |
AAEFP3641G |
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Holding Company : |
· Honeywell International Inc. US |
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Fellow Subsidiary
Company : |
· Ademco Asia Pacific Limited · Honeywell Safety Products (Shanghai) Company Limited · ADI Global Distribution · Honeywell Safety Products HK · Key Management Personnel · ADI Global Distribution Limited (USA) · Honeywell Security (Access) · ADI Global Distribution Limited · Australia Honeywell Security (China) Company Limited · ADI Global Distribution Limited, · UK 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 and 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 and S Limited · Honeywell Europe NV Novar GmbH · Honeywell Fire and Security System (Shanghai) Company Limited · Novar Systems Limited · Honeywell Fluorine Products Europe B.V. · Pittway Systems Technology Group Europe Limited · Honeywell Integrated Technology (China) Company 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 Limiteda. · 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 · Xian System Sensor Electronics Limited |
CAPITAL STRUCTURE
As on 14.08.2013
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 |
1.281 |
|
(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 |
464.519 |
|
|
|
|
|
|
(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 |
169.763 |
|
Total Current Assets |
3,418.351 |
2,682.776 |
2,063.859 |
|
|
|
|
|
|
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 |
4,794.300 |
3,918.500 |
3,173.200 |
|
|
|
Other Income |
256.700 |
153.700 |
123.700 |
|
|
|
TOTAL |
5,051.000 |
4,072.200 |
3,296.900 |
|
|
|
|
|
|
|
|
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 Per
Share (Rs.) |
16.29 |
NA |
NA |
|
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-%20284180%2010-Sep-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-%20284180%2010-Sep-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-%20284180%2010-Sep-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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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] |
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 |
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.60.43 |
|
|
1 |
Rs.97.25 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--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 |
|
64 |
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.