MIRA INFORM REPORT
|
Report No. : |
336123 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIEBOLD SYSTEMS PRIVATE LIMITED “DIEBOLD INDIA PRIVATE LIMITED” AMALGAMATED WITH “DIEBOLD SYSTEMS
PRIVATE LIMITED” |
|
|
|
|
Formerly Known
As : |
DIEBOLD HMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A Western
Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
|
Tel. No.: |
91-22-66774900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
10.07.1992 |
|
|
|
|
Com. Reg. No.: |
11-205347 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH1992PTC205347 |
|
|
|
|
IEC No.: |
0492024138 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD21752D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3206C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Automated Teller Machine (ATMs), Networked Cash Dispensers including Associated Software, and Related Other Services including Site Construction and Managed Services and also Providing Security Solutions. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
As per the Directors Report 2013, “DIEBOLD INDIA PRIVATE LIMITED has been
amalgamated with DIEBOLD SYSTEMS PRIVATE LIMITED” with effect from 1st
April 2013. Subject is a subsidiary of Diebold Incorporated Inc, USA. It is an
established company having satisfactory track record. As per Registrar of Companies the date of balance sheet i.e. financial
filed is shown as 31.03.2014 but the documents related to the financials for
the year 2014 is not available from any source. As per available financial of 2013, company has reported decrease in
its profit. However, general financial of the company seems to be
satisfactory. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company 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.
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
31-03-2013.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-66774900)
LOCATIONS
|
Registered Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A Western Express
Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-66774900 |
|
Fax No.: |
91-22-66774901 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
45/46, Tivim Industrial Estate, Karaswada, Mapusa - 403526, Goa, India |
|
Tel. No.: |
91-832-6655478 |
|
Fax No.: |
91-832-2258170 |
|
|
|
|
India Software Development
Centre : |
17th Floor, Building No 2, R Tech Park, Nirlon Compound, Pahadi Goregaon, Off Western Express Highway, Goregaon [East], Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-66497500 |
|
Fax No.: |
91-22-66497600 |
|
|
|
|
Regional Offices : |
Located at: · Chennai · Ahmedabad · Bangalore · Baroda · Bhubaneswar · Calicut · Chandigarh · Cochin · Coimbatore · Guwahati · Hyderabad · Secunderabad · Jaipur · Kolkata · Lucknow · Ludhiana · Madurai · Nagpur · New Delhi · Pondicherry · Pune · Salem · Srinagar · Tirunelveli · Trichy · Trivandrum |
DIRECTORS
AS ON 30.12.2014
|
Name : |
Chad Frederic Hesse |
|
Designation : |
Director |
|
Address : |
30590 Jasmine CT, North Olmsted OH-440704799 |
|
Date of Birth/Age : |
01.04.1972 |
|
Date of Appointment : |
07.09.2011 |
|
DIN No.: |
03565371 |
|
|
|
|
Name : |
Karthikeyan Subramanian Ganapathi |
|
Designation : |
Director |
|
Address : |
737 W Washington Blvd Apartment 1603, Chicago IL 60661 |
|
Date of Birth/Age : |
11.11.1974 |
|
Date of Appointment : |
08.11.2012 |
|
DIN No.: |
06437700 |
|
|
|
|
Name : |
Shripad Digamberrao Kulkarni |
|
Designation : |
Director |
|
Address : |
Flat No. 003, Building I Devashri Garden, Porvorim – 403521, Goa,
India |
|
Date of Birth/Age : |
01.12.1969 |
|
Date of Appointment : |
01.10.2013 |
|
DIN No.: |
05265138 |
|
|
|
|
Name : |
Jayal Rajnikant Lakhani |
|
Designation : |
Director |
|
Address : |
703, Divyalok, L D Ruparai Marg, Malhar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
19.01.1969 |
|
Date of Appointment : |
01.10.2013 |
|
DIN No.: |
05265181 |
|
|
|
|
Name : |
Indrani Gopi Saha |
|
Designation : |
Director |
|
Address : |
RH I Row House No. K-45, Sector 7, Vashi Navi Mumbai – 400703,
Maharashtra, India |
|
Date of Appointment : |
01.10.2013 |
|
DIN No.: |
06704913 |
|
|
|
|
Name : |
Christopher Allen Chapman |
|
Designation : |
Director |
|
Address : |
405 Pleasant Valley Road, SW Sugarcreek, Ohio – 44681 |
|
Date of Birth/Age : |
13.04.1974 |
|
Date of Appointment : |
18.11.2013 |
|
DIN No.: |
06727636 |
|
|
|
|
Name : |
Mr. Sandeep Jayant Potdar |
|
Designation : |
Alternate director |
|
Address : |
E-101, Om Trimurti Tower, Opposite Evrad Nagar, Bhakti Dham Mandir
Road, Chunabhatti, Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
03.01.1971 |
|
Date of Appointment : |
01.09.2014 |
|
DIN No.: |
06702842 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Diebold Incorporated Inc., USA |
|
132358 |
|
Diebold Holdings Company Inc., USA |
|
29 |
|
Diebold Switzerland Holding Company, Sarl, Switzerland |
|
14470 |
|
Diebold Self Service Solutions Sarl, Switzerland |
|
40343 |
|
|
|
|
|
Total |
|
187200 |
AS ON 30.12.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
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 Automated Teller Machine (ATMs), Networked Cash Dispensers including Associated Software, and Related Other Services including Site Construction and Managed Services and also Providing Security Solutions. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
-- |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Not Divulged |
||||
|
Countries : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Not Divulged |
||||
|
Countries : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
ICICI Banking Corporation Limited No.
1, Cenotaph Road, Madras - 600018, Tamilnadu, India · Bank of Baroda · HDFC Bank Limited · ICICI Bank Limited · Indian Bank · State Bank of India ·
Vijaya Bank |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, Apollo Mills Compound, N M Joshi
Marg, Mumbai – 400011, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Diebold Incorporated, USA |
|
|
|
|
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 30.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 320.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
187,200 |
Equity Shares |
Rs. 100/- each |
Rs. 18.720
Million |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
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 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
1350.044 |
1172.699 |
862.954 |
|
|
|
|
|
|
(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 |
28.346 |
35.144 |
15.459 |
|
(d)
long-term provisions |
63.706 |
76.072 |
78.305 |
|
Total
Non-current Liabilities (3) |
92.052 |
111.216 |
93.764 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(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 |
|
|
|
|
|
|
TOTAL |
4079.416 |
3503.622 |
2682.654 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(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 |
|
|
|
|
|
|
|
|
|
|
INCOME FROM
OPERATIONS |
6281.224 |
5992.305 |
4538.950 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
323.349 |
483.555 |
496.569 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
72.242 |
18.649 |
23.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
251.107 |
464.906 |
473.362 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
73.762 |
155.161 |
193.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
177.345 |
309.745 |
279.767 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of goods |
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 soft ware) |
136.817 |
79.021 |
12.530 |
|
|
TOTAL IMPORTS |
368.558 |
279.906 |
173.083 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1773 |
3097 |
2798 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
80.352 |
670.388 |
305.124 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
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 Liability/Networth) |
|
0.22 |
0.00 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.32 |
1.36 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
852.954 |
1162.699 |
1340.044 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
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 Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
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 Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
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
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATIONS DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date: 30.04.2015 |
|
Lodging No: ARBAPL/907/2015 Filing
Date: 30.04.2015 Reg. No.: ARBAP/136/2015 Reg. Date: 10.06.2015 |
|
Petitioner: PRO-INTERACTIVE SERVICES INDIA Respondent: DIEBOLD SYSTEMS PVT LTD Petn. Adv : DAVID DABRE (I2194) District: MUMBAI |
|
Bench: SINGLE Status: Pre-Admission
Category: ARBITRATION APPLICATIONS Next Date: 19.08.2015 Stage:
APPLICATIONS FOR HEARING [ORIGINAL SIDE MATTERS] Coram: HON’BLE SHRI JUSTICE R.D. DHANUKA Last Date: 05.08.2015
Stage: APPLICATIONS FOR HEARING [ORIGINAL SIDE MATTERS] Last Coram: HON’BLE SHRI JUSTICE R.D. DHANUKA |
|
Act: Arbitration and Conciliation Act 1996 |
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, TAMIL NA |
- |
|
2 |
90291127 |
16/09/1999 |
668,000.00 |
THAYER OVERSEAS
FINANCE LIMITED |
KOTHARI BUILDINGS,
114 MG ROAD, CHENNAI, TAMIL NA |
- |
|
3 |
90286860 |
02/08/2000 * |
7,500,000.00 |
ICICI BANKING
CORPORATION LIMITED |
NO.1 CENOTAPH
ROAD, MADRAS, TAMIL NADU - 600018, I |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
300.000 |
0.000 |
|
|
|
|
|
Total |
300.000 |
0.000 |
CHANGE OF ADDRESS:
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.
GENERAL INFORMATION
Diebold Systems Private
Limited ('the Company'), 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 and related services for
Automated Teller Machines (ATMs) and networked cash dispensers including
associated software in India as well as providing security solutions to various
customers.
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 your 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.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Contingent
liabilities not provided for in respect of: |
|
|
|
(a) Bank guarantee issued in favour of customers |
0.818 |
1.001 |
|
(b) Disputed direct and indirect tax liabilities |
0.091 |
0.091 |
|
(c) The Company had received Assessment Orders raising a demand of Central Sales Tax and General Sales Tax amounting Rs 195.000 million (including penalty amounting Rs 117.000 Million). The Company had filed writ petitions before the High Court on 19 August 2009 seeking a certiorari to quash the said assessment orders issued by the IAC. The writ was admitted based on which the Court has granted an interim stay. The High court has, in its Order passed quashed the penalty amounting Rs 117.000 million. |
0.078 |
0.078 |
FIXED ASSETS:
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Computer software
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. 63.81 |
|
|
1 |
Rs. 98.93 |
|
Euro |
1 |
Rs. 69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.