MIRA
INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BAUMER INDIA PRIVATE LIMITED [w.e.f. 18.04.2007] |
|
|
|
|
Formerly Known
As : |
HHS |
|
|
|
|
Registered
Office : |
Plot No. 6, Lane No. 6, Manmohan Society, Karvenagar, Pune-411052,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-129468 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2007FTC129468 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH05397A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH7987F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader of electrical automation products like sensors, gluing systems,
process Instrumentation vision technologies.
|
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Baumer Holding A.G. Frauenfeld”. It is an
established company having a satisfactory track record. Management has reported a drastic dip in its net profitability during
2013. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of support from its parents the subject can be considered 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs arm
that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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 PARTED BY
|
Name : |
Ms. Kanchana |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-66292400 |
|
Date : |
17.09.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 6, Lane No. 6, Manmohan Society, Karvenagar, Pune-411052,
Maharashtra, India |
|
Tel. No.: |
91-20-25286833/ 25866833 |
|
Fax No.: |
91-20-25286835 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Unit
Office : |
Fourthum Centre, S. No.112/2/21, 112/2/64 and 112/2/72, Opposite RMD
Sinhgad Insititute, Pune – Mumbai Highway, Warje, Pune – 411058, Pune,
Maharashtra, India |
|
Tel. No.: |
91-20-66292400 |
|
Fax No.: |
91-20-25286835 |
|
Email : |
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|
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Warehouse : |
Sale Depot S No 529/2 Hira Garden, At Post Bugaon, Taluka Mulshi District Pune – 412115, Maharashtra, India |
DIRECTORS
(AS ON 30.08.2013)
|
Name : |
Mr. Sunil Ramchandra Hasabins |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 6, Lane No. 6, Manmohan Society, Karvenagar, Pune-411052,
Maharashtra, India |
|
Date of Birth/Age : |
25.07.1957 |
|
Date of Appointment : |
15.01.2007 |
|
DIN No.: |
00096011 |
|
|
|
|
Name : |
Severino Luigi Bruno |
|
Designation : |
Director |
|
Address : |
8500 Frauenfeld (CHZ), Blumenstrasse 36A, Frauenfeld-008500,
Switzerland |
|
Date of Birth/Age : |
02.06.1961 |
|
Date of Appointment : |
01.01.2008 |
|
DIN No.: |
01892410 |
|
|
|
|
Name : |
Oliver Helmut Vietze |
|
Designation : |
Director |
|
Address : |
Bergiweg 6, 8500, Frauenfeld 008500 Switzerland |
|
Date of Birth/Age : |
08.05.1967 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06507893 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak K. Gaonkar |
|
Designation : |
Finance Department |
|
|
|
|
Name : |
Mr. CS Suresh Pingale |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Ms. Kanchana |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.08.2013)
|
Names of Shareholders |
No. of Shares |
%age |
|
Baumer Holdings Ag, Switzerland |
582000 |
97.00 |
|
Baumer Electric Ag, Switzerland |
18000 |
3.00 |
|
|
|
|
|
Total |
600000 |
100.00 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of electrical automation products like sensors, gluing systems,
process Instrumentation vision technologies.
|
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Europe |
|
|
|
|
Imports : |
|
|
Products : |
Sensors |
|
Countries : |
·
Germany ·
Switzerland ·
France |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Cheque / Credit |
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|
|
|
Purchasing : |
Cash / Cheque / Credit |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
Baumer Holding A.G. Frauenfeld |
|
|
|
|
Customers : |
· ABB Cement Limited · Suzlon |
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|
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|
No. of Employees : |
30 (Approximately) |
|
|
|
|
Bankers : |
Punjab National Bank |
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
J.N. Sovani and Company Chartered Accountants |
|
Address : |
5A, Vishnu Apartment, 1732, Sadashiv Peth, Tilak Road, Pune – 411030,
Maharashtra, India |
|
Tel. No.: |
91-20-24332385/ 24470095 |
|
Mobile No.: |
91-9822011781 |
|
Fax No.: |
91-20-24332385 |
|
E-Mail : |
|
|
Website: |
|
|
Pan No.: |
ACAPJ2617A |
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|
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|
Holding Company (As on 31.03.2011) : |
·
Baumer Holding A. G Frauenfeld ·
Baumer Electric A G Frauenfeld |
|
|
|
|
Associates (Group Companies) (As on 31.03.2011) |
·
Baumer Holding AG ·
Baumer India Private Limited ·
Baumer Huebner Gmbh ·
Baumer A/s ·
Baumer Hubner GmbH , D Berlin ·
Baumer Thalheim GmbH and Co.KG ·
Baumer Bourdon - Haenni S.A.S. ·
Baumer IVO GmbH and Co. KG ·
Baumer Electric AG ·
Baumer Management Services AG ·
Baumer Innotec AG ·
Baumer Singapore Private Limited ·
Baumer China Co. Ltd. ·
Baumer Optronic GmbH |
CAPITAL STRUCTURE
(AS ON 30.08.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
6.000 |
6.000 |
|
(b) Reserves & Surplus |
|
15.358 |
14.440 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
21.358 |
20.440 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
23.080 |
22.958 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
23.080 |
22.958 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
119.646 |
102.087 |
|
(c) Other current
liabilities |
|
14.785 |
9.219 |
|
(d) Short-term provisions |
|
4.446 |
4.030 |
|
Total Current Liabilities (4) |
|
138.877 |
115.336 |
|
|
|
|
|
|
TOTAL |
|
183.315 |
158.734 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.563 |
5.304 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.069 |
0.048 |
|
(d) Long-term Loan and Advances |
|
1.476 |
1.486 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
6.108 |
6.838 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
64.025 |
33.357 |
|
(c) Trade receivables |
|
78.476 |
82.476 |
|
(d) Cash and cash
equivalents |
|
28.362 |
27.586 |
|
(e) Short-term loans and
advances |
|
6.344 |
8.477 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
177.207 |
151.896 |
|
|
|
|
|
|
TOTAL |
|
183.315 |
158.734 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
8.240 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
14.240 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
20.869 |
|
|
TOTAL BORROWING |
|
|
20.869 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
35.109 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.328 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.054 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
25.607 |
|
|
Sundry Debtors |
|
|
53.995 |
|
|
Cash & Bank Balances |
|
|
28.111 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
5.095 |
|
Total
Current Assets |
|
|
112.808 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
69.175 |
|
|
Other Current Liabilities |
|
|
10.001 |
|
|
Provisions |
|
|
2.905 |
|
Total
Current Liabilities |
|
|
82.081 |
|
|
Net Current Assets |
|
|
30.727 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
35.109 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
329.988 |
303.724 |
252.965 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
324.646 |
293.488 |
241.825 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.343 |
10.236 |
11.140 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.425 |
4.036 |
3.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.918 |
6.200 |
7.741 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.00 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
|
|
|
|
|
The above information has been parted by Ms. Kanchana
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.28
|
2.04 |
3.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.92
|
6.45 |
9.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.50 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08
|
1.12 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.32 |
1.37 |
FINANCIAL ANALYSIS
[All figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
6.000 |
6.000 |
|
Reserves & Surplus |
|
14.440 |
15.358 |
|
Net worth |
|
20.440 |
21.358 |
|
|
|
|
|
|
long-term borrowings |
|
22.958 |
23.080 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total borrowings |
|
22.958 |
23.080 |
|
Debt/Equity ratio |
|
1.123 |
1.081 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
252.965 |
303.724 |
329.988 |
|
|
|
20.066 |
8.647 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
252.965 |
303.724 |
329.988 |
|
Profit |
7.741 |
6.200 |
0.918 |
|
|
3.06% |
2.04% |
0.28% |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
External Borrowing from Baumer Holding A.G. |
23.080 |
22.958 |
|
|
|
|
|
Total |
23.080 |
22.958 |
REVIEW OF OPERATIONS:
The total income during the
year was stood at Rs.329.988 Millions as against Rs.303.724 Millions in the
previous year, registering an increase of 8.65% over the previous year.
However, due to increase in
cost of purchases of goods, Employee Benefit Expenses, the Profit Before Tax
(PBT) was stood at Rs.5.343 Millions as compared to Rs.10.236 Millions in the
previous year registering a sharp decline over the previous year.
Consequently
the Profit After Tax (PAT) was declined from Rs.5.714 Millions to Rs.0.918
Millions.
FUTURE OUTLOOK:
Barring unforeseen
circumstances the performance of the Company in the current Financial Year is
expected to be satisfactory.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Computers and Software
· Furniture and Fixtures
· Office Equipments
· Vehicles
NEWS:
BAUMER INDIA SCALES
UP OPERATIONS IN INDIA
Recently, the company
has set up an engineering, training and assembly center at Pune
Pune March 19,
2014
Baumer India, a part of Swiss sensor manufacturer Baumer Group is scaling up its operations in India. The company is planning to invest $10 million (around Rs 600.000 Millions) in the next two years.
It will expand with new activities of sourcing local components from India and will manufacture electronic pressure sensors at Pune. The company, recently, set up an engineering, training and assembly center at Pune. This is the first-of-its kinds in Asia Pacific region. It has acquired Wapi based company Wari Instruments in 2010 for its pressure instruments.
“Over 20 per cent of our products from here are exported to countries like US, Latin America, China and Middle East. We have invested $25 million in India. In Pune, we will ramp up our operations by investing $10 million over next two years and increase the headcount from 30 to more than 100 people. Our next step at Pune after electronic pressure sensors would be to manufacture encoders and sensors in the next phase of expansion. The production will also be used for exports at a later stage,” said Oliver Vietze, CEO and chairman, Baumer Group.
He added, “The integration of the Indian market is essential part of the international growth strategy of Baumer. We will start with Indian market requirements but eventually the same products will be offered worldwide through Baumer Sales network.”
Sunil Hasabnis, managing director, Baumer India said, “The new activity to
develop parts from local quality vendors for use in local assembly will be for
products belonging to segments including sensor solutions, motion control,
process instrumentation, vision technology and gluing systems. Depending on the
success of this phase, Baumer will contemplate manufacturing of electronic
Products of fast moving products and export to other Baumer units.
The local engineering team will also help Baumer factories worldwide develop
and sourcing quality components form India.
According to Hasabnis, the Indian market for high technology products that
Baumer offers is close Rs 4000.000 Millions where Baumer has a market share of
15 per cent in India. Sensor solution business for Baumer is one of
the fastest growing with very innovative products introduced in the Indian
market. This segment is continuing to grow at 50 per annum basis even under
relative slow economic growth this year.
BAUMER TECHNOLOGIES
INDIA: GOLD MEDAL FOR QUALITY CONCEPT
Baumer Technologies India has been awarded the Gold Medal at 4th Chapter Convention on Quality Concepts (CCQC) which was held at Bhilai Institute of Technology under the auspices of Quality Circle Forum of India.
The convention was the venue for presentations of quality concepts such as Lean Quality Control, 5S, Kaizen, etc. and was joined by 70 quality circle teams from all over India.
Baumer presented their quality concept implemented at the Vapi Manufacturing Unit, including the Lean methodology as a troubleshooting approach in conjunction with DMAIC techniques.
Awarding the Gold Medal, the jury praised the Baumer performance based on the implemented quality concepts, document presentation and team work.
Winning the Gold Medal qualified Baumer Technologies India for participation in the National Convention on Quality Circles to be held on 20th to 23rd December 2013 at Techno India University, Kolkata.
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.60.81 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.