MIRA INFORM REPORT
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Report No. : |
305147 |
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Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOMBARDIER TRANSPORTATION INDIA PRIVATE LIMITED (w.e.f. 24.02.2014) |
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|
Formerly Known
As : |
BOMBARDIER TRANSPORTATION INDIA LIMITED ABB DAIMLER-BENZ TRANSPORTATION (INDIA) LIMITED |
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Registered
Office : |
Unit No. 11 to 21, Ground Floor, The Grand Hotel, The Grand Plaza,
Vasant Kunj, Phase – II, Nelson Mandela Road, New Delhi – 110070 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.12.1995 |
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Com. Reg. No.: |
55-074938 |
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Capital
Investment / Paid-up Capital : |
Rs. 1512.000
Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC074938 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB04764E / DELB04749D |
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PAN No.: [Permanent Account No.] |
AAACA5584C |
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Legal Form : |
Public Limited Liability Company |
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Line of Business
: |
Manufacturing and Supplying of Rail Transportation
Systems. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk
profile and huge accumulated losses incurred by the company. However, trade relations are fair. Business is active. Payment terms
are slow. 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 BY
|
Name : |
Ms. Henal Jain |
|
Designation : |
Account Payable Manager |
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Contact No.: |
91-2667-665100 |
|
Date : |
27.01.2015 |
LOCATIONS
|
Registered Office : |
Unit No.11 to 21, Ground Floor, The Grand Hotel, The Grand Plaza,
Vasant Kunj, Phase – II, Nelson Mandela Road, New Delhi – 110070, India |
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Tel. No.: |
91-11-26180340/ 41 / 66497300 |
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Fax No.: |
91-11-26186651 / 66497345 |
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E-Mail : |
mukesh_agarwal3@rediffmail.com virender.p.jain@in.transport.bombardier.com |
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Website : |
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Factory 1: |
724, GIDC Industrial Estate, Phase III, Savli, Vadodara – 390013, |
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Tel. No.: |
91-265-2353068 |
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Factory 2/ Warehouse : |
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Tel. No.: |
91-265-2648761/ 762/ 2638953 |
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Fax No.: |
91-265-2649669/ 2638951 |
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Factory 3 : |
Brown Boveri House, Race Course Circle, Vadodara – 390007, Gujarat, India |
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Tel. No. : |
91-265-2353068 |
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Fax No. : |
91-265-2355891 |
DIRECTORS
AS ON 08.08.2014
|
Name : |
Benoit Jean Rene Cattin |
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|
Designation : |
Managing director |
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Address : |
60 Rue De Provence Paris, France – 75009 |
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Date of Birth/Age : |
09.07.1968 |
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Qualification : |
B.Sc. Eng. |
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Date of Appointment : |
27.09.2011 |
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DIN No.: |
03592256 |
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Name : |
Mr. Harsh Dhingra |
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Designation : |
Whole-time director |
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Address : |
HIG Flat No. 56C, Navyug Adarsh Apartment,
F Block, Vikaspuri, New Delhi – 110018, India |
||
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Date of Birth/Age : |
02.07.1961 |
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Qualification : |
MBA, BE-Electrical |
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Date of Appointment : |
27.09.2011 |
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PAN No.: |
AADPD9624J |
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DIN No.: |
03586283 |
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Name : |
Mr. Nicolas Banerjea Brodeur |
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Designation : |
Director |
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Address : |
Marburger Street 12, 10789, Deutschland, Berlin, Germany 000000 |
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Date of Birth/Age : |
07.11.1974 |
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Date of Appointment : |
19.06.2013 |
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Date of Cessation : |
23.01.2014 |
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DIN No.: |
05223312 |
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Name : |
Patrick Louis Andre Plichon |
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Designation : |
Whole-time director |
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Address : |
# A-15, Nilamber -1, Saiyad Vasna Road, Vadodara – 390015, Gujarat,
India |
||
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Date of Birth/Age : |
08.04.1959 |
||
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Date of Appointment : |
12.06.2014 |
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DIN No.: |
06815128 |
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Name : |
Arun Kumar Gupta |
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Designation : |
Whole-time director |
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Address : |
Flat No.401, Tirth Palace, A/2, Panchvati Society, Nizampura, Vadodara
– 390002, Gujarat, India |
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Date of Birth/Age : |
10.11.1966 |
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Date of Appointment : |
12.06.2014 |
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DIN No.: |
06837530 |
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Name : |
Philipp Meier |
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Designation : |
Director |
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Address : |
Gallgasse 46/3, Vienna – 1130, Austria |
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Date of Birth/Age : |
30.03.1977 |
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Date of Appointment : |
08.08.2014 |
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DIN No.: |
06802869 |
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KEY EXECUTIVES
|
Name : |
Mr. Arun Kumar Gupta |
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Designation : |
Secretary |
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Address : |
B-3/3, Birla Copper Township, Dahej Taluka Vagra, Bharuch - 392001,
Gujarat, India |
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Date of Birth/Age : |
10.11.1966 |
|
Date of Appointment : |
23.09.2010 |
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Date of Cessations : |
01.12.2013 |
|
PAN No.: |
AAQPG0702K |
|
Name : |
Deepak Maharishi |
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Designation : |
Secretary |
|
Address : |
C-50, Kendriya Vihar, Sector – 51, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
04.11.1983 |
|
Date of Appointment : |
01.12.2013 |
|
PAN No.: |
ANSPM2857Q |
|
Name : |
Ms. Henal Jain |
|
Designation : |
Account Payable Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bombardier Transportation Capital Holding Netherlands SE, Netherland |
|
1 |
|
Bombardier Transportation Global Holding SE, Netherland |
|
6 |
|
Bombardier Transportation (Holdings) Singapore Pte Limited, Singapore |
|
151200107 |
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|
|
|
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Total |
|
151200114 |
AS ON 08.08.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Supplying of Rail Transportation
Systems. |
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Products/ Services : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
· State Bank of India Industrial Finance Branch, Vadodara, Gujarat, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
Golf View Corporate, Tower-B, Sector-42, Sector Road, Gurgaon
- 122002, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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Holding Company : |
Bombardier Inc., Canada |
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Immediate Holding
Company : |
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Fellow Subsidiary
Company : |
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CAPITAL STRUCTURE
AS ON 08.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3600.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
151,200,114 |
Equity Shares |
Rs. 10/- each |
Rs. 1512.001
Millions |
|
|
|
|
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AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
151,200,114 |
Equity Shares |
Rs. 10/- each |
Rs. 1512.000
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1512.000 |
991.840 |
818.080 |
|
(b) Reserves & Surplus |
(896.770) |
(234.450) |
224.340 |
|
(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) |
615.230 |
757.390 |
1042.420 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1197.830 |
1086.540 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
663.180 |
7.430 |
0.000 |
|
(d)
long-term provisions |
160.450 |
96.540 |
96.900 |
|
Total
Non-current Liabilities (3) |
2021.460 |
1190.510 |
96.900 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1771.930 |
2026.150 |
1509.420 |
|
(c)
Other current liabilities |
4325.840 |
2428.740 |
4018.280 |
|
(d)
Short-term provisions |
523.490 |
658.840 |
845.690 |
|
Total
Current Liabilities (4) |
6621.260 |
5113.730 |
6373.390 |
|
|
|
|
|
|
TOTAL |
9257.950 |
7061.630 |
7512.710 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1634.080 |
1826.570 |
1884.860 |
|
(ii)
Intangible Assets |
0.000 |
1.180 |
2.480 |
|
(iii)
Capital work-in-progress |
56.620 |
66.640 |
156.360 |
|
(iv) Intangible assets under development |
0.000 |
7.570 |
7.570 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1909.000 |
1801.730 |
1230.850 |
|
(e)
Other Non-current assets |
29.510 |
19.410 |
28.700 |
|
Total
Non-Current Assets |
3629.210 |
3723.100 |
3310.820 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1950.390 |
1127.320 |
2004.900 |
|
(c)
Trade receivables |
600.970 |
590.270 |
699.150 |
|
(d)
Cash and cash equivalents |
2314.440 |
867.090 |
470.230 |
|
(e)
Short-term loans and advances |
623.250 |
634.030 |
876.440 |
|
(f)
Other current assets |
139.690 |
119.820 |
151.170 |
|
Total
Current Assets |
5628.740 |
3338.530 |
4201.890 |
|
|
|
|
|
|
TOTAL |
9257.950 |
7061.630 |
7512.710 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
NA |
5954.970 |
7610.690 |
|
|
|
Other Income |
NA |
144.620 |
115.300 |
|
|
|
TOTAL (A) |
NA |
6099.590 |
7725.990 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
4307.750 |
6670.400 |
|
|
|
Purchases of stock-in-trade |
|
57.910 |
425.410 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
|
(19.060) |
(0.180) |
|
|
|
Employee benefit expense |
|
1103.270 |
758.540 |
|
|
|
Other expenses |
|
1430.520 |
2638.670 |
|
|
|
TOTAL (B) |
NA |
6880.390 |
10492.840 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(780.800) |
(2766.850) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
150.380 |
172.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(931.180) |
(2939.020) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
240.940 |
270.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
NA |
(1172.120) |
(3209.760) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
16.450 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(6939.880) |
(1188.570) |
(3209.760) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Software development |
152.730 |
155.160 |
112.030 |
|
|
|
Export of Goods on F.O.B. basis |
243.930 |
67.260 |
8.350 |
|
|
|
Reimbursement of expenses |
329.060 |
241.720 |
92.760 |
|
|
TOTAL EARNINGS |
725.720 |
464.140 |
213.140 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components (including Goods purchased
for Resale) |
886.410 |
1825.920 |
3289.360 |
|
|
|
Enterprise Resource Planning Software Package/Software |
0.000 |
0.000 |
0.000 |
|
|
|
Capital goods |
16.810 |
2.870 |
10.410 |
|
|
TOTAL IMPORTS |
903.220 |
1828.790 |
3299.770 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(45.90) |
(12.65) |
(86.42) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
NA
|
(19.96) |
(42.17) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(13.11) |
(36.35) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
(16.77) |
(43.68) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
(1.55) |
(3.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.95 |
1.43 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.65 |
0.66 |
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 |
818.080 |
991.840 |
1512.000 |
|
Reserves & Surplus |
224.340 |
(234.450) |
(896.770) |
|
Net worth |
1042.420 |
757.390 |
615.230 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1086.540 |
1197.830 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
1086.540 |
1197.830 |
|
Debt/Equity ratio |
0.000 |
1.435 |
1.947 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
Not Available |
0.000 |
1018.900 |
|
|
|
|
|
|
Total |
Not
Available |
0.000 |
1018.900 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
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 |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
1197.830 |
1086.540 |
|
|
|
|
|
Total |
1197.830 |
1086.540 |
CORPORATE INFORMATION
The company is in the business of manufacturing and supply of Rail Transportation systems. In the propulsion division, the Company manufactures traction/auxiliary converters, vacuum circuit breakers, control electronics and tap changers and trades in transformers. In the signaling business, the Company is engaged in the supply and installation of signaling equipment and In the Metro Trains business, the Company manufactures and is engaged in the supply of coaches, bogies for metro trains.
The name of the Company has changed from Bombardier Transportation India Limited to Bombardier Transportation India Private Limited w.e.f February 24, 2014.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs. In Millions) |
31.03.2013 (Rs. In Millions) |
|
(a) Custom duty including interest thereon on raw materials, Components, equipment, etc under EPCG Scheme* |
504.980 |
453.980 |
|
(b) Pending labour cases** |
31.940 |
26.440 |
|
(c) Demands for the assessment years 2007-08 to 2009-10 raised by income tax authorities but being disputed by the Company. These demands are mainly on account of adjustments made to the transaction values by the income tax authorities based on arm's length price of International transactions entered with the associated enterprises. The Company has filed appeal with the Income tax Appellate Tribunal /Commissioner of income tax (appeals) against the orders for the assessment years 2007-08 and 2008-09 & 2009-10. The income tax authorities have recovered demanded amount for the assessment years 2007-08, 2008-09 and 2009-10 of Rs. 283.86 million out of refunds due of subsequent years**. |
299.040 |
299.040 |
|
(d) In respect of Assessment year 2010-11, assessing officer has passed draft assessment order proposing certain adjustments to the transaction values based on arm?s length price of international transactions entered in to with associated enterprises, The amount of disallowance is Rs. 1,424.98 million. No demand has been raised against the Company as of now. The Company has filed objections before the Dispute Resolution Panel against the proposed adjustments. The amount disclosed excludes interest and penalty** |
484.350 |
0.000 |
|
(e) In respect of Assessment Year 2005-06, the income tax authorities have raised demand for penalty. The Company has filed an appeal against the above order with the Commissioner of Income Tax (Appeals)**. |
1.250 |
1.250 |
|
(f) Demand raised by Income Tax Authority but being disputed by the Company. The demand raised is in respect of short deduction of tax at source for Assessment years 2008-09 to 2014-15. The Company has filed appeals with commissioner of Income Tax (Appeals). The Company has deposited Rs. 3.00 million with the tax authorities.** |
42.270 |
0.000 |
|
(g) Adhoc loading of 1% of the invoice value on all imports from related parties, made by custom authorities but disputed by the Company. The Company has, during the year, got the order in its favour. |
0.000 |
58.00 |
|
(h) Demand/ show cause notice raised by service tax department, but disputed by the Company. The Company is of the opinion that it would get service tax credit in most of the cases in case demand amount is devolved on it. The Company has deposited Rs. 5.00 million (Previous Year rs. Nil) with Service Tax department** |
193.850 |
649.120 |
|
(i) Other claims against the Company not acknowledged as debts** |
45.970 |
128.120 |
|
|
|
|
|
Total |
1603.650 |
1615.950 |
|
|
|
|
|
Note : * The Company is in the process of getting EPCG licenses closed as the company has already fulfilled mandatory export obligation. ** Based on favourable decisions in similar cases, legal opinion taken by the Company, discussions with the solicitors, etc., the Company believes that there is a fair chance of decision in its favour and hence, no provision is considered necessary against the same. |
||
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Leasehold improvements
· Other equipments
· Computer software
·
Know-how
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. 61.41 |
|
|
1 |
Rs. 93.18 |
|
Euro |
1 |
Rs. 69.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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 |
|
26 |
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.