MIRA INFORM REPORT
|
Report No. : |
301625 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
S G S INDIA PRIVATE LIMITED |
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|
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|
Registered
Office : |
SGS House, 4-B, Adi Shankaracharya Marg, Powai Road, Vikhroli (West),
Mumbai – 400083, Maharashtra |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
08.06.1950 |
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Com. Reg. No.: |
11-008117 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.800 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74990MH1950PTC008117 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACS5514Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Testing and Inspection Services. |
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|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9700000 |
|
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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 well-established company having a good track record. The overall financial position of the company appears to be sound and
healthy. Trade relations are reported as fair. Business is active. Payments are
reported as regular and as per commitment. 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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-22-61870100]
LOCATIONS
|
Registered/ Head Office : |
SGS House, 4-B, Adi Shankaracharya Marg, Powai Road, Vikhroli (West),
Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-25798421/ 66408888 |
|
Fax No.: |
91-22-66408829/ 25798434 |
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E-Mail : |
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Website : |
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Branch Offices/ Laboratory : |
Located at: · Nellore · Agra · Ahmedabad · Barbil · Baroda · Bhopal · Bhubaneshwar · Cochin · Chennai · Coimbatore · Dhanbad · Haldia · Hospet · Navi Mumbai · Goa · Indore · Jamnagar · Jamshedpur · Gurgaon · Hyderabad · Jaipur · Kanpur · Kolkata · Mumbai · Noida · Panipat · Tuticorin · Gandidham · Ludhiana · Nagpur · New Delhi · Paradip · Porbandar · Tirupur · Vishakhapatnam |
DIRECTORS
AS ON 13.06.2014
|
Name : |
Paul Edward House |
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|
Designation : |
Managing director |
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Address : |
61, Grant St., Cottesloe W/A, Perth, 6011, Australia |
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Date of Birth/Age : |
28.12.1970 |
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Qualification : |
Bachelor of Commerce |
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Experience : |
24 Years |
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Date of Appointment : |
25.04.2014 |
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DIN No.: |
02088945 |
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Other Directorship :
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Name : |
Kiok Piang Tan |
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Designation : |
Director |
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Address : |
12, Begonia Lane, Singapore 805828 |
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Date of Birth/Age : |
07.05.1958 |
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Date of Appointment : |
25.06.2010 |
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DIN No.: |
02651601 |
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Other Directorship :
|
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|
Name : |
Pierre Martel |
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|
Designation : |
Director |
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Address : |
Rue De Saint – Jean 88. Geneva 1201 |
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Date of Birth/Age : |
20.07.1955 |
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Date of Appointment : |
25.06.2010 |
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DIN No.: |
03041894 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 13.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
SGS S.A., Switzerland |
|
799 |
|
SGS Subholding B.V., Netherlands |
|
1 |
|
|
|
|
|
Total |
|
800 |
AS ON 13.06.2014
|
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 : |
Providing Testing and Inspection Services. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls Finance Centre, Tower 3, 27th-32nd Floor,
Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Holding Company : |
SGS SA, Switzerland |
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Fellow Subsidiaries
: |
· SGS Austria Control Co. GmbH · SGS Belgium · SGS Denmark A/S · SGS Espanola · SGS Tecnos S.A., Sociedad Unipersonal · SGS Qualitest Industrie (S.A.S) · SGS Consumer Services Ltd · SGS United Kingdom Limited · SGS Italia S.r.l · SGS Nederland · SGS Portugal · SGS Sweden A B · SGS Turkey · SGS Group Management SA · SGS Egypt Limited · SGS Hungaria Kft · SGS South Africa (Proprietary) Limited · SGS Kenya Limited · SGS Togo S.A. · SGS Mauritius · SGS del Peru S.A.C. · SGS Uganda Limited · Consolidated US · SGS Canada Inc. · SGS de Mexico S.A. de C.V. · SGS U.S. Testing Company Inc. · SGS Chile Limitada · SGS do Brasil Ltda. · SGS Bangladesh Limited · SGS Colombia S.A. · SGS Hong Kong Limited · SGS Australia · SGS Japan · SGS Lanka · SGS Testing and Control Services Singapore Pte. Limited · SGS (Malaysia) Sdn. Bhd. · SGS CSTC Std Tech · SGS Taiwan Limited · SGS Vietnam Limiteds · SGS (Thailand) Limited · SGS Inspection Services Saudi Arabia Limited · SGS (Iran) Limited · SGS Korea Co. Limited · SGS Czech Republic SRO · SGS New Zealand Limited · SGS Gulf (UAE Branch) · SGS Pakistan · SGS Polska Sp.z.o.o. · Societe Hellenique De Survelliance S.A · SGS Phillipines · SGS Multilab · SGS Agri Lab · SGS Gulf IBC Dubai (Branch) · SGS Group Belgium · SGS Monitoring SAS · SGS Qatar · Independent Technical Inspection Company · Wolff Agrilab · P.T.SGS International Certification Services Indonesia · SGS Vostok Moscow · SGS Maroc S.A · SGS Hungaria KFT · SGS Switzerland · SGS (Liban) S.A · SGS Tanzania Superinitendence Co. Limited · Petrotechnical Inspection (Malaysia) Sdn Bhd. · SGS USTC Sales · SGS Norge A/S · SGS Cameroun S.A · Analabs Tanzania · SGS Supervisse Jamaica Limited · SGS Ukraine (Odessa) · SGS Latvia · SGS Argentina S.A · SGS Latvia · SGS International Certification Services Singapore (PTE) Ltd. · SGS Zambia · Lakefield Research Inc · SGS Mangolia LLC · CNS Ghana Trade · SGS CTS · SGS Geneva CH · SGS Test Singapore · SGS European Holding B.V. · SGS Subholding B.V. · SGS Germany · SGS Societe Generale de Surveillane S A, Geneva · SGS Institute Freseni · SGS TUV · SGS Ogc · SGS M-Scan UK · SGS Investments Limited · SGS Supervise Gozet · SGS Supervise Gozet C · SGS Slovakia · SGS Bulgaria · SGS Bosnal I Hercegovina · SGS Ghana · SGS Mozambique · SGS Myanmar · SGS Singapore · ICS Singapore · FE Taiwan Branch · SGS Poland · Laboratory Quality Ser · Monitoring FR · SGS Adriatica · SGS Agri Min · SGS Cote d'lvoire · SGS Finland · SGS ICS France · SGS Inspection Servic · SGS Lab · SGS Oman · SGS Subic Bay · SGS Tunisia · SGS Uruguay · ITI Iran · SGS Canada · SGS Ecuador · SGS Jordan · SGS Institute Fresenius · SGS Romania · SGS Angola · SGS Klaipeda · SGS CSTC Standard Technical S · SGS Greece · SGS Beligum · SGS ICA, Lda · ICS Egypt · SGS Mineral Services · SGS Lebanon · Lo Burkina Faso · SGS Panama · SGS Baharin · SGS ICS Iberica · SGS Morocco · SGS Png Limited · SGS Guatemala · SGS Nigeria · SSC Korea · ICS Brazil · SGS Minsk · SGS Azem · SGS Kazakhstan · SGS Beograd · SGS Malawi · SGS North America · SGS Minerals RDC SPRL · SGS SERCOVAM · SGS Emoyeni · SGS GIS Gulf · SGS Canada Inc · SGS Oils Gas and Chem · FE Jap. Br · SGS Testing Korea · SGS Kuwait · SGS Inspection Service · LO Madagascar · SGS Paraguay · SGS Subholding B.V |
CAPITAL STRUCTURE
AS ON 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000 |
Equity Shares |
Rs. 1000/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800 |
Equity Shares |
Rs. 1000/- each |
Rs. 0.800 Million |
|
|
|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.800 |
0.800 |
0.800 |
|
(b) Reserves & Surplus |
3400.870 |
3012.709 |
2400.937 |
|
(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) |
3401.670 |
3013.509 |
2401.737 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
62.039 |
53.487 |
44.078 |
|
Total
Non-current Liabilities (3) |
62.039 |
53.487 |
44.078 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
179.269 |
176.646 |
|
(b)
Trade payables |
631.652 |
464.105 |
371.632 |
|
(c)
Other current liabilities |
1298.919 |
661.977 |
601.396 |
|
(d)
Short-term provisions |
7.726 |
7.786 |
5.784 |
|
Total
Current Liabilities (4) |
1938.297 |
1313.137 |
1155.458 |
|
|
|
|
|
|
TOTAL |
5402.006 |
4380.133 |
3601.273 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1232.269 |
1086.433 |
624.408 |
|
(ii)
Intangible Assets |
4.822 |
6.839 |
0.000 |
|
(iii)
Capital work-in-progress |
169.077 |
396.834 |
461.241 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
7.576 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
206.580 |
240.696 |
179.575 |
|
(d) Long-term Loan
and Advances |
915.655 |
836.859 |
771.645 |
|
(e)
Other Non-current assets |
252.141 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2780.544 |
2567.661 |
2044.445 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
1536.232 |
1297.761 |
1172.567 |
|
(d)
Cash and cash equivalents |
769.518 |
206.284 |
115.094 |
|
(e)
Short-term loans and advances |
159.202 |
199.614 |
170.191 |
|
(f)
Other current assets |
156.510 |
108.813 |
98.976 |
|
Total
Current Assets |
2621.462 |
1812.472 |
1556.828 |
|
|
|
|
|
|
TOTAL |
5402.006 |
4380.133 |
3601.273 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
|
|
|
GROSS TURNOVER |
5875.259 |
5253.619 |
4639.029 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1558.317 |
1022.106 |
1149.103 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
363.272 |
239.202 |
212.755 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1195.045 |
782.904 |
936.348 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
338.904 |
171.132 |
297.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
856.141 |
611.772 |
639.135 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
2261.584 |
1649.812 |
1657.635 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
85.614 |
0.000 |
63.914 |
|
|
|
Interim Dividend |
400.000 |
0.000 |
500.000 |
|
|
|
Tax on Dividend |
67.980 |
0.000 |
83.044 |
|
|
BALANCE CARRIED
TO THE B/S |
553.594 |
0.000 |
646.958 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Supervision fees and Lab Revenue |
1026.354 |
928.897 |
715.978 |
|
|
|
Recovery of expenses |
3.751 |
12.234 |
4.020 |
|
|
TOTAL EARNINGS |
1030.105 |
941.131 |
719.998 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
229.396 |
149.786 |
292.517 |
|
|
|
Operational material and supplies |
29.456 |
37.865 |
43.279 |
|
|
TOTAL IMPORTS |
258.852 |
187.651 |
335.796 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1070176.25 |
764715.00 |
798918.75 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.78 |
20.92 |
31.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.26 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.38 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.800 |
0.800 |
0.800 |
|
Reserves & Surplus |
2400.937 |
3012.709 |
3400.870 |
|
Net
worth |
2401.737 |
3013.509 |
3401.670 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
176.646 |
179.269 |
0.000 |
|
Total
borrowings |
176.646 |
179.269 |
0.000 |
|
Debt/Equity ratio |
0.074 |
0.059 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Turnover |
4639.029 |
5253.619 |
5875.259 |
|
|
|
13.248 |
11.833 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Turnover |
4639.029 |
5253.619 |
5875.259 |
|
Profit |
639.135 |
611.772 |
856.141 |
|
|
13.78% |
11.64% |
14.57% |
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 |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.12.2013 (Rs.
In Millions) |
31.12.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
0.000 |
179.269 |
|
|
|
|
|
Total |
0.000 |
179.269 |
PERFORMANCE OF THE
COMPANY
During the year, the performance of the Company has
increased due to growth in overall business.
FIXED ASSETS:
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Office equipment
· Leasehold improvements
· Computer software
PRESS RELEASE
SGS INDIA AWARDED COAL INSPECTION AGENCY OF THE YEAR
21 OCTOBER 2013
SGS India Private
Limited has recently been awarded the Coal Inspection Agency of the Year at the
7th Annual Indian Coal Markets Conference and Awards Dinner 2013.
This prestigious award
was presented to SGS for the services the company renders to clients across the
entire spectrum of the coal industry. The Annual Coal Markets Awards are unique
as the awards are entirely driven by client nominations and votes. SGS was
voted as the number one Coal Inspection Agency in India as clients felt that
the company had excelled in its performance and service offering.
Organised by IHS
McCloskey and junction, the annual awards are a highlight for companies
operating in the coal industry. This year’s ceremony was held at the Westin,
Gurgaon in September. The Coal Inspection Agency award was received by
Kuchimanchi Mehar, Director – Minerals Services, SGS India Private Limited.
Speaking about the
honor, Mr. Mehar stated, “This customer-driven award highlights the immense
trust our clients bestow on us as their coal inspection agency. For SGS,
building trust among our stakeholders is key in what we do and this award
reiterates our success. Equally, the award is a testimony of the industry best
practices that SGS demonstrates in the coal inspection area, not only in India,
but globally. Our focus on integrity forms the cornerstone of our business.”
Around the world,
SGS offers a wide range of services to the minerals sector including
sustainable geochemical analysis, resource calculation, mineralogy, metallurgy,
advanced systems, water treatment and trade services.
ABOUT SGS
SGS is the world’s leading
inspection, verification, testing and certification company. SGS is recognized as
the global benchmark for quality and integrity. With more than 75,000
employees, SGS operates a network of over 1,500 offices and laboratories around
the world.
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. 63.39 |
|
|
1 |
Rs. 96.85 |
|
Euro |
1 |
Rs. 75.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.