MIRA INFORM REPORT
|
Report No. : |
328273 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DHL EXPRESS (INDIA)
PRIVATE LIMITED (w.e.f. 08.09.2004) |
|
|
|
|
Formerly Known
As : |
DHL WORLDWIDE EXPRESS ( |
|
|
|
|
Registered
Office : |
801 A, Silver Utopia, 8th Floor, Chakala, Cardinal Gracias Road,
Andheri ( East), Mumbai – 400099, Maharashtra |
|
Tel. No.: |
91-22-30300345 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.04.2001 |
|
|
|
|
Com. Reg. No.: |
11-131743 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64120MH2001PTC131743 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD3611O |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject offers express, air and ocean freight, overland transport,
contract logistics solutions as well as international mail services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a global market leader in logistics industry it experts in
international express mail services. It is an established company having good track record. As per ROC the date of balance sheet (i.e. financial filed) is shown
as 31.03.2014 but the documents related to the financial for the year 2014
are not available from any sources. As per available financial of 2013, financial position of the company
seems to be sound and healthy. Balance sheet of the company is totally debt
free. Trade relations are reported as fair. Business is active. Payment
terms are reported to be 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.
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
31-03-2013.
INFORMATIONDENIED
Management Non-cooperative (91-22-66789000)
LOCATIONS
|
Registered Office : |
801 A, Silver Utopia, 8th Floor, Chakala, Cardinal Gracias
Road, Andheri ( East), Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-66789000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At: · Vashi · Thane · Bendra · Kandivali · Andheri · Prabhadevi · Mumbai · Kalbadevi · Lower Parel · Santacruz · Borivali · Chembur · Ghatkopar · Bhiwandi · Vasai · Vile Parle · Malad · Jogeshwari |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Chandrashekhar Bhaskar Pitre |
|
Designation : |
Director |
|
Address : |
A/ 1902, Chaitanya Towers, Appaasaheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1968 |
|
Date of Appointment : |
29.09.2009 |
|
PAN No.: |
AGVPP0701C |
|
DIN No.: |
02788230 |
|
|
|
|
Name : |
Mr. Ramachandran Sivarama Subramanian |
|
Designation : |
Director |
|
Address : |
Flat No.502, 5th Floor, RNA Classic, S.V. Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1965 |
|
Date of Appointment : |
16.02.2010 |
|
PAN No.: |
AAZPS3129D |
|
DIN No.: |
02946608 |
|
|
|
|
Name : |
Mrs. Anjali Rahul Bhadhade |
|
Designation : |
Director |
|
Address : |
A-1002, Lotus Heights Co-operative Housing Society Limited, 15th No. Road, Opposite, Gandhi Maidan, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
09.03.1971 |
|
Date of Appointment : |
17.06.2011 |
|
PAN No.: |
ACRPB4711A |
|
DIN No.: |
03553415 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas Parmeshwaran Iyer |
|
Designation : |
Secretary |
|
Address : |
A-603, Mayuresh Srishti, LBS Road Bhandup (West), Mumbai - 400078, |
|
Date of Birth/Age : |
21.11.1969 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No. : |
AAAPI3795A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Deutsche Post Beteiligungen Holding GmbH, Germany |
2863469 |
|
Deutsche Post International BV, |
1 |
|
|
|
|
Total |
2863470 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage of Holding |
|
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 |
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image019.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject offers express, air and ocean freight, overland
transport, contract logistics solutions as well as international mail
services. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
· State Bank of India, Bandra East Branch, Mumbai, Maharashtra, India ·
Deutsche Bank, Bandra Branch, Mumbai,
Maharashtra, India |
||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Sarvarkar Marg, Shivaji Park, Dadar (West), Mumbai, Maharashtra, India |
|
PAN
No. : |
AABCP9181H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding
Company: |
¨ Deutsche Post AG (DPAG) |
|
|
|
|
Holding Company : |
¨ Deutsche Post Beteiligungen Holding Gmbh (DPBH) |
|
|
|
|
Subsidiary : |
¨ Skyline Air Logistics Limited |
|
|
|
|
Fellow Subsidiaries
: |
¨ DHL Trade Fairs and Events GmbH ¨ DHL Express (UK) Limited ¨ DHL Express (Poland) Sp. z o.o. ¨ DHL Express Germany GmbH ¨ DHL Solutions GmbH ¨ DHL Asia Pacific Shared Services Sdn. Bhd. ¨ DHL International B.S.C ¨ DHL International N.V./ S.A. ¨ DHL Logistics Private Limited ¨ DHL Express Singapore PTE Limited ¨ Sky Courier, Inc. ¨ DHL Express (Nepal) Private Limited ¨ DHL Keells (Private) Limited ¨ DHL International GmbH ¨ Blue Dart Express Limited ¨ SSC Human Resources Development ¨ Blue Dart Aviation Limited ¨ Williams Lea India Private Limited ¨ DHL International Express (France) SAS |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2863470 |
Equity Shares |
Rs.10/- each |
Rs.28.635 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 |
28.600 |
28.600 |
28.600 |
|
(b) Reserves & Surplus |
2580.800 |
2056.500 |
1647.600 |
|
(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) |
2609.400 |
2085.100 |
1676.200 |
|
|
|
|
|
|
(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 |
5.700 |
3.100 |
3.600 |
|
(d) long-term
provisions |
101.700 |
55.800 |
31.900 |
|
Total Non-current
Liabilities (3) |
107.400 |
58.900 |
35.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
51.100 |
|
(b) Trade
payables |
2557.000 |
1640.400 |
1682.700 |
|
(c) Other
current liabilities |
422.100 |
270.800 |
289.200 |
|
(d) Short-term
provisions |
60.100 |
53.900 |
39.600 |
|
Total Current
Liabilities (4) |
3039.200 |
1965.100 |
2062.600 |
|
|
|
|
|
|
TOTAL |
5756.000 |
4109.100 |
3774.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
250.500 |
204.500 |
185.200 |
|
(ii)
Intangible Assets |
10.400 |
15.000 |
8.200 |
|
(iii)
Capital work-in-progress |
3.400 |
24.200 |
2.800 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.400 |
4.400 |
4.400 |
|
(c) Deferred tax assets (net) |
233.400 |
202.000 |
167.600 |
|
(d) Long-term Loan and Advances |
581.600 |
472.200 |
195.500 |
|
(e) Other
Non-current assets |
55.600 |
50.800 |
47.100 |
|
Total Non-Current
Assets |
1139.300 |
973.100 |
610.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
2207.200 |
1890.200 |
1748.900 |
|
(d) Cash
and cash equivalents |
1796.200 |
689.100 |
885.600 |
|
(e)
Short-term loans and advances |
613.300 |
556.700 |
529.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4616.700 |
3136.000 |
3163.500 |
|
|
|
|
|
|
TOTAL |
5756.000 |
4109.100 |
3774.300 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
14831.700 |
12574.800 |
10464.010 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
13912.700 |
11853.900 |
9821.470 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
919.000 |
720.900 |
642.540 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.700 |
11.900 |
13.141 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
906.300 |
709.000 |
629.399 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
113.400 |
104.500 |
130.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
792.900 |
604.500 |
498.920 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
268.600 |
195.600 |
221.482 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
524.300 |
408.900 |
277.438 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1981.729 |
1572.829 |
1295.391 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
2506.029 |
1981.729 |
1572.829 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
183.10 |
142.80 |
96.89 |
|
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image007.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image008.gif){kind=small}
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
5.35 |
4.81 |
4.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.43 |
18.28 |
17.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.34 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.60 |
1.53 |
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 |
28.600 |
28.600 |
28.600 |
|
Reserves & Surplus |
1647.600 |
2056.500 |
2580.800 |
|
Net
worth |
1676.200 |
2085.100 |
2609.400 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
51.100 |
0.000 |
0.000 |
|
Total
borrowings |
51.100 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.030 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image021.gif)
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 |
10464.010 |
12574.800 |
14831.700 |
|
|
|
20.172 |
17.948 |
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image023.gif)
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 |
10464.010 |
12574.800 |
14831.700 |
|
Profit |
277.438 |
408.900 |
524.300 |
|
|
2.65% |
3.25% |
3.53% |
%20PRIVATE%20LIMITED%20%20-%20328273_MIRA%2022-Jun-2015_files/image025.gif)
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 |
Yes |
|
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
OPERATIONS
Revenue
(excluding other Income) for the financial year was Rs. 14831.700 Million as
against Rs. 12574.800 Million for previous financial period. The Company is
planning to strengthen its infrastructure by investing in Service Centers,
applying for tenders for international courier business from government and
private entities, enhancing and revamping fleet capability, entering into
agreements with other organizations for provision of international courier
services, express Handling Units in major cities as well as remote locations
and in IT equipment’s.
OUTLOOK FOR THE FUTURE
The Company is well placed in the Indian market, with a trained and committed work force, latest state of the art technology, infrastructure, wide geographical coverage to support growth and development.
The Company plans to enhance capacities within the network by inductions of carriage capacities and increasing retail sales counters over a period, to capitalize on the future growth of the express industry.
The Directors look forward to improved performance over the coming years.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
(a) Claims against the company not acknowledged as debts |
|
|
|
Customer claims* |
11.100 |
127.500 |
|
Service tax# |
959.900 |
127.500 |
|
Income tax# |
120.400 |
134.600 |
|
Industrial Disputes Act@ |
176.700 |
145.000 |
|
Karnataka Stamp Act: |
Not Ascertainable |
Not Ascertainable |
|
(b) Bank Gurantee |
3.600 |
3.600 |
|
(c) Arbitral award referred |
55.000 |
50.800 |
NOTES:
* In the case of DHL Worldwide (Express division of AFL) vs Bharthi Knitting Company, the Honourable Supreme Court has ruled that the maximum liability of the Company to consumers for service deficiencies is restricted to USD 100. The Company has disclosed the contingent liabilities based on that judgement.
# Future cash outflows are determinable only on receipt of judgments/decisions pending with various authorities/forums and/or final outcome of the matters.
@ The AFL-DHL Employees? Union had put forth Charter of Demands to the Company on June 16, 2004 demanding increase in compensation and had also filed the same with the Industrial court, Mumbai.
The Company had received an Interim order dated February 23, 2010 from the Industrial Tribunal towards the case filed by the AFL-DHL Employees? Union, for increase in compensation retrospectively from January 2004. As per the Interim order, Industrial Tribunal had directed the Company to accept the demand of the union and make the necessary payments along with interest @ 9% till the date of payment. The Company has filed a writ petition in the High court towards the same, the case is yet to be heard.
** The District Registrar and Deputy Commissioner of Stamps, Bangalore, had issued a letter dated 19th January 2012 stating that the Company (like any other courier companies) is liable to pay stamp duty on airway bills issued from Karnataka State, from 1st April 1995 onwards and have requested details of annual statement of accounts from 1995 onwards. The authorities have asserted that the airway bill is an 'acknowledgement', which is chargeable to stamp duty under the Karnataka Stamp Act, 1957 ("Act"). The Company, through its external counsel, has replied on March 13, 2012 to the notice denying that an airway bill is an 'acknowledgement' chargeable to stamp duty under the Act, due to various reasons. Since similar notices have been received by most of express service providers, the Express Industry Council of India is also taking up the matter with the Karnataka stamp duty authorities.
FIXED ASSETS
œ Plant and Equipment
œ Furniture and Fixtures
œ Office Equipment
œ Computer Equipments
œ 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,
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.63.51 |
|
|
1 |
Rs.100.74 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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.