MIRA INFORM REPORT
|
Report No. : |
337539 |
|
Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
JUNIPER NETWORKS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 103, 1st Floor, Platina, Plot No C-59, 'G' Block, Bandra Kurla Complex, Bandra [East], Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-40843700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
05.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126336 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 200.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2000FTC126336 |
|
|
|
|
IEC No.: |
0300034016 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ8542K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Software Development and Sales and
Marketing Support Services for Network Equipment. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated during the year 2000
having a moderate track record. Management of the company has not filed its financial with the
government department for the year 2014. As per available financial of 2013, the company has incurred a heavy
loss from its operational activities. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. In view of absence of latest financial, the company can be considered
for business dealings with some caution.
|
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.: 91-80-61218700)
LOCATIONS
|
Registered/ Sales Office 1 : |
Unit No. 103, 1st Floor, Platina, Plot No C-59, ‘G’ Block, Bandra Kurla Complex, Bandra [East], Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-40843700 |
|
Fax No.: |
91-22-40843709 |
|
E-Mail : |
|
|
Website : |
|
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|
|
|
Sales Office 2 : |
Plot # 66/1/3, 3rd Floor, Bagmane Tech Park, C.V. Raman Nagar, Bangalore – 560093, Karnataka, India |
|
Tel. No.: |
91-80-30538700 |
|
Fax No.: |
91-80-30538824 |
|
|
|
|
Sales Office 3 : |
503 and 504, 5th Floor Copia Corporate Suites, Plot No.9, Non Hierarchical Commercial Centre, Jasola Vihar, New Delhi-110044, India |
|
Tel. No.: |
91-11-30922900 |
|
Fax No.: |
91-11-30922937 |
|
|
|
|
Development Office : |
No 66⁄2, Ward 83, Floor 3 and 4 Wing B, Embassy Business Park, C V Raman Nagar, Bangalore – 560075, Karnataka, India |
|
Tel. No.: |
91-80-41904000 |
|
Fax No.: |
91-80-41904590 |
DIRECTORS
AS ON 09.01.2015
|
Name : |
Mitchell Lee Gaynor |
|
Designation : |
Director |
|
Address : |
618 Lombardy Way, Emerald Hills, California 94062 United States of America |
|
Date of Birth/Age : |
22.10.1959 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
02222056 |
|
|
|
|
Name : |
Stephen Patrick Byrne |
|
Designation : |
Director |
|
Address : |
17428 Alisa Court, Morgan Hill, California 95037 United States of America |
|
Date of Birth/Age : |
22.01.1962 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
02222068 |
|
|
|
|
Name : |
Mr. Varun Nayyar |
|
Designation : |
Director |
|
Address : |
MF 4/45, BDA Flats HAL, 3rd Stage, New Thippasandra, Bangalore – 560075, Karnataka, India |
|
Date of Birth/Age : |
25.02.1973 |
|
Qualification : |
CA, ICWA |
|
Experience : |
16.4 Years |
|
Date of Appointment : |
18.09.2007 |
|
PAN No.: |
ABEPN4248G |
|
DIN No.: |
01680398 |
KEY EXECUTIVES
|
Name : |
Mr. Vineet Kumar Sharma |
|
Designation : |
Secretary |
|
Address : |
R-3, Sector – 11, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.03.1976 |
|
Date of Appointment : |
30.05.2012 |
|
PAN No.: |
APMPS4052B |
|
|
|
|
Name : |
Jeelani
Syed |
|
Designation : |
Engineer
Senior Staff |
|
|
|
|
Name : |
Ram
Shankar Srinath |
|
Designation : |
Software
Engineering Senior Director |
|
|
|
|
Name : |
Manu.
J Prakash |
|
Designation : |
Test
Engineering Director |
|
|
|
|
Name : |
Pawankumar
Harode |
|
Designation : |
Distinguished
Engineer I – SW |
|
|
|
|
Name : |
Tojo
John Paramby |
|
Designation : |
Facilities
Operations Director |
|
|
|
|
Name : |
Alok
Bhushan |
|
Designation : |
Senior
Manager Sales |
|
|
|
|
Name : |
Sidharth
Bhan |
|
Designation : |
Lab
Services Senior Manager |
|
|
|
|
Name : |
Srihari
Vegesna |
|
Designation : |
Distinguished
Engineer I-ASIC |
|
|
|
|
Name : |
M.
Muthukumar |
|
Designation : |
VP
Engineering |
|
|
|
|
Name : |
Sridhar
Sarathy |
|
Designation : |
Business
Operations Senior Director |
|
|
|
|
Name : |
Susheel
Tanwar |
|
Designation : |
Finance
Director |
|
|
|
|
Name : |
Naveen
Jain |
|
Designation : |
ASIC
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.01.2015
|
Names of Shareholders |
|
No. of Shares |
|
Juniper Networks (Nominees) Limited, London |
|
401 |
|
Juniper Networks International, LLC, USA |
|
20049599 |
|
|
|
|
|
Total |
|
20050000 |
AS ON 09.01.2015
|
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 : |
Providing Software Development and Sales and
Marketing Support Services for Network Equipment. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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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 : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
U B City, Canberra Block, 12th and 13th Floor No.
24, Vittal Mallya Road Bangalore – 560001, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Ultimate Holding
company : |
Juniper Networks Inc., USA |
|
|
|
|
Fellow Subsidiary
company : |
· Juniper Networks (Hong Kong) Limited · Juniper Networks International B.V. · Juniper Networks Israel Limited ·
Netscreen Software India Private Limited
[U72900TG2002FTC039053] |
|
|
|
|
Subsidiary company
: |
Contrail Systems India Private Limited [U72200KA2012FTC064706] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,050,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.500
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 |
200.500 |
200.500 |
200.500 |
|
(b) Reserves & Surplus |
2285.154 |
3502.284 |
3180.703 |
|
(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) |
2485.654 |
3702.784 |
3381.203 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
53.267 |
|
(c)
Other long term liabilities |
24.206 |
35.854 |
38.440 |
|
(d)
long-term provisions |
17.411 |
41.330 |
12.102 |
|
Total
Non-current Liabilities (3) |
41.617 |
77.184 |
103.809 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
10.122 |
10.122 |
10.122 |
|
(b)
Trade payables |
615.046 |
599.908 |
549.950 |
|
(c)
Other current liabilities |
2484.232 |
2128.416 |
1890.092 |
|
(d)
Short-term provisions |
552.071 |
186.296 |
197.977 |
|
Total
Current Liabilities (4) |
3661.471 |
2924.742 |
2648.141 |
|
|
|
|
|
|
TOTAL |
6188.742 |
6704.710 |
6133.153 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3094.859 |
3076.391 |
2385.970 |
|
(ii)
Intangible Assets |
22.154 |
19.149 |
4.889 |
|
(iii)
Capital work-in-progress |
410.507 |
502.408 |
473.149 |
|
(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) |
105.825 |
73.161 |
0.000 |
|
(d) Long-term Loan
and Advances |
593.533 |
534.726 |
604.037 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
4226.878 |
4205.835 |
3468.045 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
658.726 |
709.322 |
275.136 |
|
(d)
Cash and cash equivalents |
1013.266 |
395.494 |
811.159 |
|
(e)
Short-term loans and advances |
177.494 |
233.857 |
211.939 |
|
(f)
Other current assets |
112.378 |
1160.202 |
1366.874 |
|
Total
Current Assets |
1961.864 |
2498.875 |
2665.108 |
|
|
|
|
|
|
TOTAL |
6188.742 |
6704.710 |
6133.153 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
10935.920 |
8138.570 |
6446.186 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
9544.600 |
7659.473 |
5849.318 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1391.320 |
479.097 |
596.868 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ITEMS |
(1800.960) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
697.251 |
283.944 |
173.188 |
|
|
|
|
|
|
|
|
|
Add |
DEFERRED TAX,
FRINGE BENEFIT TAX AND MAT CREDIT |
110.240 |
(126.428) |
(50.056) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(1217.131) |
321.581 |
473.736 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
3500.920 |
3179.339 |
2705.603 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2283.789 |
3500.920 |
3179.339 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
10942.060 |
8110.978 |
6372.599 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(60.70) |
16.04 |
23.63 |
|
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 |
3464.861 |
1981.764 |
2967.329 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.53 |
7.82 |
10.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.13 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.54 |
0.85 |
1.01 |
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 |
200.500 |
200.500 |
200.500 |
|
Reserves & Surplus |
3180.703 |
3502.284 |
2285.154 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3381.203 |
3702.784 |
2485.654 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
10.122 |
10.122 |
10.122 |
|
Total
borrowings |
10.122 |
10.122 |
10.122 |
|
Debt/Equity ratio |
0.003 |
0.003 |
0.004 |
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) |
|
Total Income |
6446.186 |
8138.570 |
10935.920 |
|
|
|
26.254 |
34.372 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
6446.186 |
8138.570 |
10935.920 |
|
Profit/ (Loss) |
473.736 |
321.581 |
(1217.131) |
|
|
7.35% |
3.95% |
(11.13%) |
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 |
Yes |
|
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
10.122 |
10.122 |
|
|
|
|
|
Total |
10.122 |
10.122 |
CORPORATE
INFORMATION
Juniper Networks India Private Limited (?the Company?) was incorporated
on May 5, 2000, as a wholly owned subsidiary of Juniper Networks International
LLC, USA (?Juniper LLC?). The Company was incorporated for providing sales and
marketing support services for network equipment sold in India by Juniper
Networks (Hong Kong) Limited, Hong Kong (?JN HK?). Effective from January 01,
2013 sales and marketing support services are provided to Juniper Networks
International B.V., Netherlands.
During the year ended March 31, 2004, the Company set up a 100% export
oriented unit under Software Technology Parks of India (STPI) Scheme in
Bangalore, which primarily provides software development services to Juniper Networks
Inc., USA (?JNI?).
The Company obtained approval from STPI on December 17, 2004 for
engaging in IT Enabled Services (?ITES?) and pursuant to the approval, the
Company started rendering ITES during the year ended March 31, 2006.
FIXED ASSETS:
·
Furniture and fixtures
·
Office equipment
·
Computer equipments
·
Other equipments
·
Leasehold improvements
·
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 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. 65.25 |
|
|
1 |
Rs. 102.25 |
|
Euro |
1 |
Rs. 72.20 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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.