MIRA INFORM REPORT

 

 

Report Date :

03.01.2015

 

IDENTIFICATION DETAILS

 

Name :

TE CONNECTIVITY INDIA PRIVATE LIMITED (w.e.f. 29.08.2012)

 

 

Formerly Known As :

TYCO ELECTRONICS CORPORATION INDIA PRIVATE LIMITED

 

TYCO ELECTRONIC CORPORATION LIMITED (w.e.f 24.02.2000)

 

AMP INDIA LIMITED (w.e.f 30.06.1998)

 

AMP INDIA PRIVATE LIMITED

 

 

Registered Office :

“TE PARK” Site No. 22 B Doddenakundi Indl Area, Bangalore – 560048, Karnataka, India

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

07.12.1993

 

 

Com. Reg. No.:

08-015007

 

 

Capital Investment / Paid-up Capital :

Rs.678.186 Millions

 

 

CIN No.:

[Company Identification No.]

U31909KA1993PTC015007

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCT7374C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing, Exporter and Importer of connectors, Cable Assemblies and Other Inter-Connection Devices and provides Engineering Services and back office services.

 

 

No. of Employees :

3000 (Approximately)  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 15000000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

There is a dip in sales and profit of the company in the years 2014. However, net worth and liquidity position of the company is strong.

 

Trade relations are reported to be fair. Business is active. Payment terms are reported to be regular.

 

The company can be considered normal for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

 

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Sriniwas

Designation :

Finance Deputy Manager

Contact No.:

91-80-33195000

Date :

02.01.2015

 

 

LOCATIONS

 

Registered Office :

“TE PARK” Site No. 22 B Doddenakundi Industrial Area, Bangalore – 560048, Karnataka, India

Tel. No.:           

91-80-40115000 / 401

Fax No.:

91-80.40115001

E-Mail :

ravis@tycoelectronics.com

ravis@te.com

bhagya@te.com

in.marcomm@te.com

indiapartner@te.com

in.ampact@te.com

Website :

http://www.te.com

 

 

Corporate Office :

Mobius Tower 1, Ground Floor, SJR iPark (Opposite Sathya Sai Hospital), EPIP Industrial Area, Whitefield, Bangalore – 560066, India

Tel. No.:

91-80-40115000

Fax No.:

91-80-40115030

 

 

Factory 1 :

No. 4, Maruthi Industrial Estate, Hoody Rajapalya, Whitefield Main Road, Mahadevapura, Bangalore – 560048, Karnataka, India

Tel. No.:

91-80-26453014/ 28410200

Fax No.:

91-80-28453038/ 28410210

 

 

Factory 2 :

Gat No.1122, 1129, 1140, 1295, Village – Shirwal, Taluka – Khandala, Satara - 412801, Maharashtra, India

Tel. No.:

91-2169-246000

 

 

Factory 3 :

Survey 186/3, Hoody, Bangalore, Karnataka, India

 

 

Branches 1 :

1st Floor, No-5, Shalimar House Comm, Center Saket, Delhi - 110017, India

Tel. No.:

91-11-26864107

 

 

Branches 2 :

Cochin Special Economic Zone Plot No. 44, Cochin-kakkanand-682037, Kerala, India

Tel. No.:

 

 

Located at:

·         Ahmedabad

·         Chennai

·         Cochin

·         Noida

·         Hyderabad

·         Kolkata

·         Mumbai

·         Pune 

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Raja Venkataraman

Designation :

Managing director

Address :

# 1054, Sobha Camation, 98/1, Green Gien Layout, Near Sarjapur and Marathalli, Outer Ring Road, Bellandur, Bangalore – 560103, Karnataka, India    

Date of Birth/Age :

08.12.1956

Date of Appointment :

29.09.2014

DIN No.:

00669376

Top of Form

Bottom of Form

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29299PN2004PTC019904

HONEYWELL TURBO TECHNOLOGIES (INDIA) PRIVATE LIMITED

Director

29/06/2010

29/06/2010

26/04/2013

Active

NO

2

U31909KA1993PTC015007

TE Connectivity India Private Limited

Whole-time director

29/09/2014

29/07/2013

-

Active

NO

 

 

Name :

Jurg Frischknecht

Designation :

Director

Address :

W. Wolfensberger Stresses 14, 9424, Reinbeck, Switzerland

Date of Birth/Age :

09.06.1959

Date of Appointment :

06.08.2003

DIN No.:

02406047

 

 

Name :

Mr. Sharad Rangnath Tankasali

Designation :

 Director

Address :

1930, 5th Cross, 20th Main, J.P. Nagar, 2nd Phase, Bangalore – 560078, Karnataka, India

Date of Birth/Age :

14.01.1966

Date of Appointment :

29.09.2014

DIN No.:

03182571

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29299PN2004PTC019904

HONEYWELL TURBO TECHNOLOGIES (INDIA) PRIVATE LIMITED

Director

29/06/2010

29/06/2010

26/04/2013

Active

NO

2

U31909KA1993PTC015007

TE Connectivity India Private Limited

Whole-time director

29/09/2014

29/07/2013

-

Active

NO

 

 

Name :

Mr. Kishan Kumar Shetty

Designation :

 Director

Address :

Villa No.9, Prestige Langleigh, Phase 1, ECC Road, White Field, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

01.07.1958

Date of Appointment :

29.09.2014

DIN No.:

06763829

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U31909KA1993PTC015007

TE Connectivity India Private Limited

Whole-time director

29/09/2014

10/01/2014

-

Active

NO

 

 

 

 

KEY EXECUTIVES

 

Name :

Mr. Venkataraman Raja

Designation :

Secretary

Address :

# 1054, Sobha Camation, 98/1, Green Gien Layout, Near Sarjapur and Marathalli, Outer Ring Road, Bellandur, Bangalore – 560103, Karnataka, India    

Date of Birth/Age :

08.12.1956

Date of Appointment :

28.01.2013

PAN No.:

AALPR6225M

 

 

Name :

Mr. Sriniwas

Designation :

Finance Deputy Manager

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 No. of Shares

Tyco Electronics Singapore Pte Limited

40479256

Tyco Electronics Netherlands India Cooperatief U.A

1

 

 

Total

40479257

 

 

Names of Preference Shareholder

No. of Shares

 

Tyco Electronics Singapore Pte Limited

273393065

 

 

Total

273393065

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

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 :

Manufacturing, Exporter and Importer of connectors, Cable Assemblies and Other Inter-Connection Devices and provides Engineering Services and back office services.

 

 

Products :

 

Item Code No. (ITC Code)

Product Description

85444230

Connectors

85444290

Cable Assemblie

84804100

             Cable Assemblies

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Good

Countries :
  • Germany
  • China
  • France

 

 

Imports :

 

Products :

Raw Material

Countries :
  • UK
  • US
  • Germany

 

 

Terms :

 

Selling :

Cash and Credit.

 

 

Purchasing :

Cash and Credit.

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, Retailers and Manufacturer

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

3000 (Approximately)  

 

 

Bankers :

Bank Name

Bank of America

Branch

Alsur Road, Bangalore

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

---

 

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore - 560025, Karnataka, India

PAN N Income-tax PAN of auditor or auditor's firm :

AACFD3771D

 

 

Holding company :

Tyco Electronics Singapore Pte Limited

 

 

Holding Company of Tyco Electronics Singapore Pte Limited :

Tyco Electronics Group S A, Luxembourg

 

 

Subsidiary company :

XOL Technologies Private Limited [U31909KA1988PTC063917]

 

 

Ultimate Holding Company :

TE Connectivity Limited, Switzerland (formerly known as Tyco Electronics Limited, Switzerland)

 

 

Fellow Subsidiaries :

·         Tyco Electronics Systems India Private Limited

·         TEI Technologies Private Limited

·         AMP Manufacturing Korea Limited

·         AMP Manufacturing Taiwan Limited

·         AMP Trading B.V.

·         PT Tyco Electronics, Indonesia

·         Shenzhen Original Electric Company

·         Shunde Tyco Electronics Limited

·         Tyco Electronics.Brasil LTA

·         Tyco Electronics Raychem, Belgium

·         Tyco Electronics - HK Limited

·         Tyco Electronics Malaysia SD

·         Tyco Electronics Schweiz AG

·         Tyco Electronics AMP Espana SA

·         Tyco Electronics AMP Gmbh

·         Tyco Electronics AMP Italia SPA

·         Tyco Electronics AMP K.K.

·         Tyco Electronics Amp Shanghai Limited

·         Tyco Electronics Argentina S.A

·         Tyco Electronics Netherlands(India) B V

·         Tyco Electronics Corporation, USA

·         Tyco Electronics Canada Limited

·         Tyco Electronics Czech S.R.O AMP De France

·         Tyco Electronics da Amaznia

·         Tyco Electronics EC Gmbh and Company

·         Tyco Electronics France SAS

·         Tyco Electronics HK Limited

·         Tyco Electronics Hungary KFT

·         TE Connectivity Solutions GmbH (Formerly known as Tyco Electronics Logistics AG)

·         Tyco Electronics Mexico S.A,

·         Tyco Electronics Middle East FZE

·         Tyco Electronics Nederland BV

·         Tyco Electronics New Zealand Limited

·         Tyco Electronics Polska Spz

·         Tyco Electronics Pty Limited

·         Tyco Electronics Raychem Gmbh

·         Tyco Electronics Raychem NV

·         Tyco Electronics Raychem, S.A.

·         Tyco Electronics S.A (Pty) Limited

·         Tyco Electronics Shanghai CLT

·         Tyco Electronics UK Limited

·         Tyco Electronics Dongguan Limited

·         Tyco Electro-Electronica Ltda

·         Whitekar Corporation

·         Precision Interconnect USA

·         AMP Shunde Connector Limited

·         AMP Holland BV

·         Tyco Electronics Augat AG

·         Tyco Electronics Austria GmbH

·         Tyco Electronics Exports SARL

·         Tyco Electronics Columbia Limited

·         Tyco Electronics Export

·         Tyco Electromechanical Components

·         AMP Services

·         Tyco Electronics UK Limited (Crompton IN)

·         Tyco Electronics AMP Guang Don Limited

·         Tyco Electronics Nederland B.V

·         Tyco Electronics Singapore

·         Tyco Electronics Japan GK

·         Tyco Electronics Kunsham

·         Tyco Electronics Raychem BVBA

·         Tyco Electronics Belgium EC BVBA

·         Tyco Electronics VII Limited

·         Tyco Electronics Malaysia SDN BHD

·         Tyco Electronics Chile LTDA

·         Tyco Electronics Subsea Communication LLC

·         Tyco Electronics Technologies Kunshan Company

·         Tyco Electronics Del Peru SAC

·         Dongguan Transpower Electric.

·         Tyco Electronics Simel

·         Tyco Electronics Zhuhai Limited

·         Tyco Electronics Qingdao Limited

·         Tyco Electronics ETA Limited

·         Rochester Wire and Cable

·         Tyco Electronics AMP Korea

·         Tyco Electronics AMP Guangdond Limited

·         Raychem Electronics Shanghai Company Limited

·         ADC India Communications Limited

·         Raychem RPG Private Limited

·         Deutsch India Power connectors Private Limited

 

 

Sister Concerns :

XOL Technology, Kesnand Rahu road, Survey 166/3, Gat 95, Pune – 412207, Maharashtra, India

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

45,000,000

Equity Shares

Rs. 10/- each

Rs. 450.000 Millions

280,000,000

Preference Shares

Re. 1/- each

Rs. 280.000 Millions

 

 

 

 

 

Total

 

Rs. 730.000 Millions

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

40,479,257

Equity Shares

Rs. 10/- each

Rs. 404.793 Millions

273,393,065

Preference Shares

Re. 1/- each

Rs. 273.393 Millions

 

 

 

 

 

Total

 

Rs. 678.186 Millions

 

 

 

 

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

678.190

720.820

720.820

(b) Reserves & Surplus

4665.060

5015.790

4476.350

(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)

5343.250

5736.610

5197.170

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

370.120

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

205.130

131.240

124.330

Total Non-current Liabilities (3)

575.250

131.240

124.330

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

1738.980

1558.570

1224.710

(c) Other current liabilities

72.090

59.550

60.610

(d) Short-term provisions

21.470

42.240

5.670

Total Current Liabilities (4)

1832.540

1660.360

1290.990

 

 

 

 

TOTAL

7751.040

7528.210

6612.490

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1104.120

1172.900

1333.860

(ii) Intangible Assets

266.690

0.000

0.000

(iii) Capital work-in-progress

509.530

130.080

35.740

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

607.550

607.550

608.420

(c) Deferred tax assets (net)

368.300

259.850

244.740

(d)  Long-term Loan and Advances

1065.030

932.570

361.560

(e) Other Non-current assets

6.120

25.000

0.000

Total Non-Current Assets

3927.340

3127.950

2584.320

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

1353.190

1227.110

1277.280

(c) Trade receivables

1519.180

1131.350

1313.890

(d) Cash and cash equivalents

630.090

1726.780

1035.200

(e) Short-term loans and advances

287.150

251.570

373.250

(f) Other current assets

34.090

63.450

28.550

Total Current Assets

3823.700

4400.260

4028.170

 

 

 

 

TOTAL

7751.040

7528.210

6612.490

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

TOTAL (A)

8472.530

8634.380

8981.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL (B)

8098.650

7632.740

7922.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

373.880

989.630

1059.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

150.530

185.290

202.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

223.350

804.340

857.000

 

 

 

 

 

Less

TAX (I)

75.300

264.890

282.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-I)   (J)

148.050

539.450

575.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

3.60

 12.06

12.85

 

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

1.75

6.39

6.40

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.56

12.32

14.97

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.14

0.16

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.07

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.09

2.65

3.12

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

720.820

720.820

678.190

Reserves & Surplus

4476.350

5015.790

4665.060

Net worth

5197.170

5736.610

5343.250

 

 

 

 

long-term borrowings

0.000

0.000

370.120

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

370.120

Debt/Equity ratio

0.000

0.000

0.069

 

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

8981.000

8634.380

8472.530

 

 

(3.859)

(1.874)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

8981.000

8634.380

8472.530

Profit

575.000

539.450

148.050

 

6.40%

6.25%

1.75%

 

 

 

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 two years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

No

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

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

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Millions)

31.03.2013

(Rs. in Millions)

Term loans form others

370.120

0.000

 

 

 

Total

370.120

0.000

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2014(Rs. in millions)

31.03.2013(Rs. in millions)

Disputed income tax demands, pending in appeal

537.46

 588.30

Central Excise Matters

38.34

13.39

 

 

 

Total

575.80

601.69

 

FIXED ASSETS

·         Land

·         Buildings

·         Other Building

·         Plant and Equipment

·         Other plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Motor Vehicles

·         Office Equipment         

·         Other Equipments

·         Leasehold Improvements

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.31

UK Pound

1

Rs.98.67

Euro

1

Rs.78.10

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

JYTK

 

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

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--CREDIT LINES

1~10

6

--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

 

49

 

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

 

--

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.