MIRA INFORM REPORT
|
Report No. : |
318533 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
OERLIKON LEYBOLD VACUUM INDIA PRIVATE LIMITED |
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|
|
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Registered
Office : |
EL- 22, J Block, MIDC, Bhosari, Pune-411026, Maharashtra |
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Tel. No.: |
91-20-30616000 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.01.2005 |
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|
|
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Com. Reg. No.: |
11-132126 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 2.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U29120PN2005PTC132126 |
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|
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Development and sales of vacuum products, especially vacuum pumps, vacuum systems and pump systems, components, measuring and analytical devices and gauges as well as engineering and after sales services in the field of vacuum technology. Also engaged in providing engineering and sales services in the field of vacuum technology and trading of spares and consumables for above products. |
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|
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 200000 |
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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 a subsidiary of Oerlikon Leybold Vacuum GmbH, Germany. It
is an established company fine track. The company has reported total income of Rs.103.200 million as compared
to Rs.71.600 Million during previous financial year 2013. Further, it has
also reported a decent profit margin of 14% during year under review. Overall
financials are good. The company’s capital structure is healthy marked by
good net worth, low gearing and comfortable liquidity position during FY2014. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. Subject 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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 DECLINED
Management non-cooperative (91-80-27839925)
LOCATIONS
|
Registered Office : |
EL- 22, J Block, MIDC, Bhosari, Pune-411026, Maharashtra,
India |
|
Tel. No.: |
91-20-30616000 |
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Fax No.: |
Not Available |
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E-Mail : |
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Head Office : |
No.82(P), 4th Phase, K.I.A.D.B. Plot Bommasandra Industrial
Area, Banglore-560099, Karnataka, India |
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Tel. No.: |
91-80-27839925 |
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Fax No.: |
91-8027839926 |
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|
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|
Service Centre : |
Located at Pune, Maharashtra, India |
DIRECTORS
As on 22.09.2014
|
Name : |
Mr. Vivek Shrikrishna Pandit |
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Designation : |
Director |
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Address : |
1809 Gurucharan Appts, Deshmukhwadi Sadashiv Peth, Pune-411030, Maharashtra, India |
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Date of Birth/Age : |
28.01.1963 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
03170050 |
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Other Directorship
:
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|||||||||||||||||||||||||||
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Name : |
Mr. Sreenivasulu Muniramanna |
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Designation : |
Director |
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Address : |
No.74, 19th Cross, 20th B Main, J P Nagar 5th Phase, Bangalore-560078, Karnataka, India |
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Date of Birth/Age : |
23.03.1974 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
05279175 |
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|||||||||||||||||||||||||||
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Name : |
Wolfgang Gerhard Beck |
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Designation : |
Director |
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Address : |
Bornheim, Merten, Griegstrasse, 15, Germany, NA, Germany |
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Date of Birth/Age : |
14.04.1963 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
05303002 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Oerlikon Leybold Vacuum GMBH, Germany |
|
199999 |
|
Sreenivasulu Muniramanna |
|
1 |
|
Total |
|
200000 |
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 : |
Development and sales of vacuum products, especially vacuum pumps, vacuum systems and pump systems, components, measuring and analytical devices and gauges as well as engineering and after sales services in the field of vacuum technology. Also engaged in providing engineering and sales services in the field of vacuum technology and trading of spares and consumables for above products. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next To Ruby Hall Clinic, Bund
Garden Road, Pune- 411001, Maharashtra, India |
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Tel. No.: |
91-20-30504000 |
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Fax No.: |
91-20-3054100 |
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PAN No.: |
AAKFB4397F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Unlimited Holding company : |
OC Oerlikon Corporation AG |
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Holding company : |
Oerlikon Leybold Vacuum GMBH, Germany |
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Related parties with whom transaction have been place during the year
(entities under common control) : |
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CAPITAL STRUCTURE
As on 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 million |
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|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
68.283 |
53.647 |
42.527 |
|
(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) |
70.283 |
55.647 |
44.527 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.208 |
0.960 |
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 |
1.806 |
2.086 |
1.720 |
|
Total
Non-current Liabilities (3) |
2.014 |
3.046 |
1.720 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
17.318 |
5.940 |
5.971 |
|
(c) Other current liabilities |
6.578 |
3.288 |
1.259 |
|
(d) Short-term provisions |
2.746 |
0.142 |
1.324 |
|
Total
Current Liabilities (4) |
26.642 |
9.370 |
8.554 |
|
|
|
|
|
|
TOTAL |
98.939 |
68.063 |
54.801 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.715 |
11.573 |
10.656 |
|
(ii) Intangible Assets |
0.188 |
0.150 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
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) |
1.879 |
1.473 |
0.176 |
|
(d) Long-term Loan and Advances |
6.095 |
2.337 |
1.397 |
|
(e) Other Non-current assets |
3.155 |
5.600 |
0.000 |
|
Total
Non-Current Assets |
26.032 |
21.133 |
12.229 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18.490 |
7.956 |
8.843 |
|
(c) Trade receivables |
21.942 |
18.440 |
12.157 |
|
(d) Cash and cash equivalents |
27.578 |
17.659 |
19.240 |
|
(e) Short-term loans and
advances |
4.534 |
2.352 |
2.186 |
|
(f) Other current assets |
0.363 |
0.523 |
0.146 |
|
Total
Current Assets |
72.907 |
46.930 |
42.572 |
|
|
|
|
|
|
TOTAL |
98.939 |
68.063 |
54.801 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
103.235 |
71.650 |
62.211 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
76.935 |
53.008 |
44.489 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26.300 |
18.642 |
17.722 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.032 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.268 |
18.642 |
17.722 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.913 |
2.503 |
0.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.355 |
16.139 |
16.956 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.719 |
5.018 |
5.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.636 |
11.121 |
11.345 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
64.993 |
53.872 |
42.527 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
79.629 |
64.993 |
53.872 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
73.18 |
55.61 |
56.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
14.18 |
15.52 |
18.24 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
25.48 |
26.02 |
28.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.03 |
24.24 |
31.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.29 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.02 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74 |
5.01 |
4.98 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
42.527 |
53.647 |
68.283 |
|
Net worth |
44.527 |
55.647 |
70.283 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.960 |
0.208 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.960 |
0.208 |
|
Debt/Equity
ratio |
0.000 |
0.017 |
0.003 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
62.211 |
71.650 |
103.235 |
|
|
|
15.173 |
44.082 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
62.211 |
71.650 |
103.235 |
|
Profit |
11.345 |
11.121 |
14.636 |
|
|
18.24% |
15.52% |
14.18% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
BACKGROUND AND NATURE
OF OPERATIONS
Oerlikon Leybold Vacuum India Private Limited (‘Leybold’ or 'The Company') was incorporated on 17th January 2005. The Company is a 100% Subsidiary of Oerlikon Leybold Vacuum GmbH. The main objects to be pursued by the Company is to carry on business of the development and sales of vacuum products, especially vacuum pumps, vacuum systems and pump systems, components, measuring and analytical devices and gauges as well as engineering and after sales services in the field of vacuum technology. The Company has a Service Centre & Calibration Facility in Pune (Maharashtra). Also engaged in providing engineering and sales services in the field of vacuum technology and trading of spares and consumables for above products.
FIXED ASSETS
- Computers
- Office equipments
- Furniture and fixtures
- Service equipments
- Vehicles
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 records 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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
57 |
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.