MIRA INFORM REPORT
|
Report No. : |
312468 |
|
Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HORIBA INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 246, Okhla Industrial Estate, Phase – III, New Delhi - 110020 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
07.09.2006 |
|
|
|
|
Com. Reg. No.: |
55-153232 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100DL2006PTC153232 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELH05764D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH7371R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
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|
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Line of Business
: |
Trader of Pollution Control Equipments, Environmental Analyzer,
Medical Instruments and Provision of Marketing and support services in
relation to engineering, Installation, Commissioning and Maintenance thereto.
|
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 73300 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has incurred huge operational loss during FY 2013. Also,
it has huge external borrowings which may act as a threat to its liquidity. However, trade relations seem to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings with caution. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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.
LOCATIONS
|
Registered Office : |
Plot No. 246, Okhla Industrial Estate, Phase – III, New Delhi –
110020, India |
|
Tel. No.: |
91-11-46695001/ 46465000 |
|
Fax No.: |
91-11-46695010/ 46465020 |
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E-Mail : |
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|
Website : |
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|
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|
Factory : |
Plot No. 26, Sector-7, IIE, SIDCUL, Haridwar - 249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-239139 |
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|
|
|
Bangalore Office : |
Kamadhenu, No.17/1 - 32, Bannerghatta Road, Audugodi, Bangalore – 560030, Karnataka, India |
|
Tel. No.: |
91-80-22210071 |
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|
|
|
Chennai Office : |
The Ground Floor New No. 41, Old No. 15/3, Velachery Road,
Little Mount, Saidapet, Chennai – 600015,
Tamilnadu, India |
|
Tel. No.: |
91-44-42077899 |
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|
|
|
Pune Office : |
502, 5th Floor, Purushottam Plaza, Baner Road, Baner, Pune – 411045, Maharashtra, India |
|
Tel. No.: |
91-20-40766000 |
|
Fax No.: |
91 20 40766010 |
DIRECTORS
AS ON 24.06.2014
|
Name : |
Yuichi Muroga |
|
Designation : |
Director |
|
Address : |
Room 1001, Favir Shijo Nishinoton 466 Toroyama Cho Nishikikoji Sagaru,
Nishinoton Dori, Nakagyo Ku Kyoto Shi Japan 00802 |
|
Date of Birth/Age : |
07.08.1951 |
|
Date of Appointment : |
14.09.2006 |
|
DIN No.: |
00899059 |
|
|
|
|
Name : |
Takeshi Fukushima |
|
Designation : |
Director |
|
Address : |
2-11-7 Chome, Nomura, Kusatsu, Shiga 5250027, Japan |
|
Date of Birth/Age : |
12.07.1966 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
03560868 |
|
|
|
|
Name : |
Mr. Rajeev Gautam |
|
Designation : |
Whole-time director |
|
Address : |
131, Mandakini Enclave, New Delhi - 110019, India |
|
Date of Birth/Age : |
09.10.1964 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
02075157 |
|
|
|
|
Name : |
Mr. Jai Krishan Hakhu |
|
Designation : |
Director |
|
Address : |
16481 S Kennedy Road, Los Gatos, CA 95030, United States of America |
|
Date of Birth/Age : |
09.07.1947 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
03560907 |
|
|
|
|
Name : |
Takashi Nagano |
|
Designation : |
Director |
|
Address : |
32-2, Takata-Cho, Saiin, Ukyo-Ku, Kyoto 6150031, Japan |
|
Date of Birth/Age : |
13.04.1962 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
03560917 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.06.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Horiba Limited, Japan |
3321000 |
99.43 |
|
Horiba Instruments Singapore Pte Limited, Singapore |
19000 |
0.57 |
|
|
|
|
|
Total |
3340000 |
100.00 |
AS ON 24.06.2014
|
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 : |
Trader of Pollution Control Equipments, Environmental Analyzer, Medical
Instruments and Provision of Marketing and support services in relation to
engineering, Installation, Commissioning and Maintenance thereto. |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building No. 10, Tower B, DLF Cyber City – 2, Gurgaon –
122002, Haryana, India |
|
Tel. No.: |
91-124-6792000 |
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Fax No.: |
91-124-6792012 |
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Income-tax
PAN of auditor or auditor's firm : |
AABFD2095B |
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Holding Company : |
Horiba Limited, Japan |
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|
Other related parties with whom the Company had transaction
Enterprises under common control : |
·
Horiba Europe Automation Division GmbH, Germany · Horiba International Corporation, USA ·
Horiba Europe GmbH, Germany · Horiba ABX SAS, France · Horiba Techno Service Co. Limited, Japan · Horiba ABX IBERICA, Spain |
CAPITAL STRUCTURE
AS ON 24.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,340,000 |
Equity Shares |
Rs. 10/- each |
Rs. 33.400 Millions |
|
|
|
|
|
AS ON 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,540,000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.400 Millions |
|
|
|
|
|
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 |
25.400 |
25.400 |
19.000 |
|
(b) Reserves & Surplus |
0.256 |
117.816 |
38.163 |
|
(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) |
25.656 |
143.216 |
57.163 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
144.200 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
6.759 |
4.481 |
2.554 |
|
(d)
long-term provisions |
8.813 |
5.533 |
2.361 |
|
Total
Non-current Liabilities (3) |
159.772 |
10.014 |
4.915 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
168.000 |
177.700 |
99.200 |
|
(b)
Trade payables |
103.341 |
134.460 |
49.638 |
|
(c)
Other current liabilities |
64.392 |
43.333 |
34.217 |
|
(d)
Short-term provisions |
2.095 |
1.377 |
1.690 |
|
Total
Current Liabilities (4) |
337.828 |
356.870 |
184.745 |
|
|
|
|
|
|
TOTAL |
523.256 |
510.100 |
246.823 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
207.591 |
80.390 |
41.161 |
|
(ii)
Intangible Assets |
2.833 |
1.529 |
2.648 |
|
(iii)
Capital work-in-progress |
0.000 |
57.467 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
7.149 |
3.232 |
|
(d) Long-term Loan
and Advances |
38.635 |
30.167 |
11.813 |
|
(e)
Other Non-current assets |
0.665 |
0.725 |
0.366 |
|
Total
Non-Current Assets |
249.724 |
177.427 |
59.220 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
110.994 |
123.089 |
70.436 |
|
(c)
Trade receivables |
120.708 |
123.956 |
100.335 |
|
(d)
Cash and cash equivalents |
13.387 |
60.048 |
5.218 |
|
(e)
Short-term loans and advances |
25.459 |
20.157 |
11.542 |
|
(f)
Other current assets |
2.984 |
5.423 |
0.072 |
|
Total
Current Assets |
273.532 |
332.673 |
187.603 |
|
|
|
|
|
|
TOTAL |
523.256 |
510.100 |
246.823 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
663.280 |
508.078 |
345.765 |
|
|
|
Other Income |
0.914 |
10.165 |
1.251 |
|
|
|
TOTAL |
664.194 |
518.243 |
347.016 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
733.826 |
484.149 |
312.399 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(69.632) |
34.094 |
34.617 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.076 |
19.241 |
12.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(105.708) |
14.853 |
21.892 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.852 |
7.914 |
7.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(117.560) |
6.939 |
14.406 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
44.216 |
38.163 |
23.757 |
|
|
|
|
|
|
|
|
|
Less |
DIVIDEND AND
TAXES ON DIVIDEND |
0.000 |
0.886 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(73.344) |
44.216 |
38.163 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Marketing support |
|
49.878 |
57.740 |
|
|
|
Service support and warranty |
|
28.233 |
18.335 |
|
|
|
Engineering fees |
|
7.281 |
2.681 |
|
|
|
Sale of stock product |
|
9.338 |
0.043 |
|
|
|
Reimbursement of expenses [received] |
|
0.206 |
0.000 |
|
|
TOTAL EARNINGS |
100.903 |
94.936 |
78.799 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
369.280 |
297.540 |
-- |
|
|
|
Capital Goods |
3.114 |
44.705 |
2.034 |
|
|
TOTAL IMPORTS |
372.394 |
342.245 |
2.034 |
|
|
|
|
|
|
|
|
|
|
Earnings/
(Loss) Per Share (Rs.) |
(46.28) |
2.73 |
7.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(17.72) |
1.37 |
4.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(20.20) |
3.33 |
8.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(4.12) |
0.10 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
12.17 |
1.24 |
1.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.81 |
0.93 |
1.02 |
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 |
19.000 |
25.400 |
25.400 |
|
Reserves & Surplus |
38.163 |
117.816 |
0.256 |
|
Net
worth |
57.163 |
143.216 |
25.656 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
144.200 |
|
Short term borrowings |
99.200 |
177.700 |
168.000 |
|
Total
borrowings |
99.200 |
177.700 |
312.200 |
|
Debt/Equity ratio |
1.735 |
1.241 |
12.169 |
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) |
|
Sales |
345.765 |
508.078 |
663.280 |
|
|
|
46.943 |
30.547 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
345.765 |
508.078 |
663.280 |
|
Profit/ (Loss) |
14.406 |
6.939 |
(117.560) |
|
|
4.17% |
1.37% |
(17.72%) |
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) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loan from bank |
144.200 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand Working capital loan from banks |
168.000 |
177.700 |
|
|
|
|
|
Total |
312.200 |
177.700 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 1212A, 1212B,
1213 and 1214, Hemkunt Tower, Nehru Place, Delhi - 110019, India to the present
address w.e.f.10.12.2010.
FIXED ASSETS:
· Leasehold Land
· Buildings
· Plant and Machinery
· Medical Equipments
· Office Equipment
· Furniture and Fixture
· Vehicles
· Leasehold Improvements
· Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.57 |
|
|
1 |
Rs. 93.57 |
|
Euro |
1 |
Rs. 65.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
28 |
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.