MIRA INFORM REPORT
|
Report No. : |
320748 |
|
Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIEMENS TECHNOLOGY AND SERVICES PRIVATE LIMITED (w.e.f. 23.04.2012) |
|
|
|
|
Formerly Known
As : |
SIEMENS INFORMATION SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
130, Pandurang Budhkar Marg, Worli, Mumbai- 400018,
Maharashtra |
|
Tel. No.: |
91-22-39677000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation
: |
29.09.1986 |
|
|
|
|
Com. Reg. No.: |
11-093854 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 96.854 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1986PLC093854 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in software development, consultancy,
corporate finance audit, management consulting, investor relations, financial
services, business process outsourcing operations and contract centre
services (IT enabled Services). |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
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 well-established company having a fine track record. Management has filed from “20 B” for FY 14 whereas failed to file any
other documents with the statutory authorities. As per available financial 2013, liquidity position of the company is
sound and healthy. The performance capability is high. Trade relations are fair. Business is active. Payment terms are
regular and as per commitment. The company can be considered good 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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Rupesh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-80-33451500 |
|
Date : |
04.05.2015 |
LOCATIONS
|
Registered Office : |
130, Pandurang Budhkar Marg, Worli, Mumbai - 400018,
Maharashtra, India |
|
Tel. No.: |
91-22-24987000 |
|
Fax No.: |
91-22-66608521 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at · Bangalore · Chennai · Gurgaon · Kolkata · Pune |
DIRECTORS
As on 31.12.2014
|
Name : |
Mr. Prasad Joglekar |
|
Designation : |
Director |
|
Address : |
A2/201, Harasiddh Park, Pawar Nagar, Thane – 400610, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1964 |
|
Date of Appointment : |
10.12.2012 |
|
DIN No.: |
00427786 |
|
|
|
|
Name : |
Gerd Herbert Hoefner |
|
Designation : |
Managing director |
|
Address : |
No.34, Dodsworth Enclave, Borewell Road, Whitefield, Bangalore - 560066, Karnataka, India |
|
Date of Birth/Age : |
22.04.1959 |
|
Qualification : |
Computer Sience with Economics |
|
Date of Appointment : |
01.10.2010 |
|
PAN No.: |
ABKPH7648Q |
|
DIN No.: |
03233312 |
|
|
|
|
Name : |
Mr. Naveen Mohan |
|
Designation : |
Whole-time director |
|
Address : |
1B, Thomas Manor, Richmond Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
25.04.1966 |
|
Qualification : |
CA |
|
Date of Appointment : |
12.12.2011 |
|
PAN No.: |
ADHPM7483M |
|
DIN No.: |
00253367 |
KEY EXECUTIVES
|
Name : |
Sheetal Jagdish Vyas |
|
Designation : |
Secretary |
|
Address : |
303, Balkrishna (Building), Sane Guruji Nagar, Mulund (East), Mumbai – 400081, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1980 |
|
Date of Appointment : |
08.08.2013 |
|
PAN No.: |
AFLPV0105K |
|
|
|
|
Name : |
Mr. Rupesh |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2014
|
Names of Shareholders |
No. of Shares |
|
Siemens Pte. Limited, Singapore |
9685198 |
|
Petnet Radiopharmaceutical Solutions Private Limited, India |
250 |
|
Total |
9685448 |
Equity Share Break up (Percentage of Total Equity)
As on 31.12.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in software development,
consultancy, corporate finance audit, management consulting, investor relations,
financial services, business process outsourcing operations and contract
centre services (IT enabled Services). |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
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 : |
Deutsche Bank, Hazarimal Somani Marg, Fort, Bomaby, Maharashtra, India
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai - 400028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS6921Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate holding
company: |
|
|
|
|
|
Holding company: |
|
|
|
|
|
Subsidiary (merged
w.e.f October 1, 2011): |
|
|
|
|
|
Subsidiary (merged
w.e.f. April 1, 2013): |
|
|
|
|
|
Fellow Subsidiaries |
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000900 |
Equity Shares |
Rs.10/- each |
Rs. 100.009 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9685448 |
Equity Shares |
Rs.10/- each |
Rs. 96.854 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
96.854 |
96.854 |
68.150 |
|
(b) Reserves & Surplus |
1574.850 |
1908.567 |
2414.358 |
|
(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) |
1671.704 |
2005.421 |
2482.508 |
|
|
|
|
|
|
(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 |
320.242 |
262.245 |
227.583 |
|
Total
Non-current Liabilities (3) |
320.242 |
262.245 |
227.583 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1818.164 |
1952.673 |
1181.047 |
|
(c) Other current liabilities |
396.674 |
150.854 |
207.467 |
|
(d) Short-term provisions |
1040.770 |
1531.594 |
57.887 |
|
Total
Current Liabilities (4) |
3255.608 |
3635.121 |
1446.401 |
|
|
|
|
|
|
TOTAL |
5247.554 |
5902.787 |
4156.492 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
890.440 |
886.841 |
616.283 |
|
(ii) Intangible Assets |
50.718 |
14.543 |
18.039 |
|
(iii) Capital work-in-progress |
23.957 |
30.690 |
57.005 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
65.800 |
29.996 |
|
(c) Deferred tax assets (net) |
265.747 |
206.525 |
330.059 |
|
(d) Long-term Loan and Advances |
1478.723 |
1329.419 |
846.684 |
|
(e) Other Non-current assets |
0.000 |
10.000 |
10.000 |
|
Total
Non-Current Assets |
2709.585 |
2543.818 |
1908.066 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
119.183 |
272.012 |
311.928 |
|
(d) Cash and cash equivalents |
1451.961 |
472.135 |
1301.112 |
|
(e) Short-term loans and
advances |
964.803 |
2277.673 |
594.583 |
|
(f) Other current assets |
2.022 |
337.149 |
40.803 |
|
Total
Current Assets |
2537.969 |
3358.969 |
2248.426 |
|
|
|
|
|
|
TOTAL |
5247.554 |
5902.787 |
4156.492 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
|
SALES |
|
|
|
|
|
Income |
9715.530 |
7480.167 |
4812.407 |
|
|
Other Income |
122.237 |
692.330 |
444.728 |
|
|
TOTAL
(A) |
9837.767 |
8172.497 |
5257.135 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
5308.751 |
4168.420 |
3003.224 |
|
|
Other expenses |
2923.602 |
2765.199 |
1485.668 |
|
|
Exceptional items |
0.000 |
0.000 |
(563.124) |
|
|
TOTAL
(B) |
8232.353 |
6933.619 |
3925.768 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1605.414 |
1238.878 |
1331.367 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1605.414 |
1238.878 |
1331.367 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
350.477 |
264.865 |
159.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1254.937 |
974.013 |
1171.967 |
|
|
|
|
|
|
|
Less |
TAX (H) |
416.825 |
250.430 |
333.929 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
838.112 |
723.583 |
838.038 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
617.123 |
1398.774 |
560.736 |
|
|
|
|
|
|
|
Add |
Balance
of Profit and Loss account brought forward due to the amalgamation of
companies |
0.000 |
534.745 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
General Reserve |
83.811 |
75.079 |
0.000 |
|
|
Proposed Dividend |
854.737 |
1690.000 |
0.000 |
|
|
Dividend Distribution Tax |
145.263 |
274.900 |
0.000 |
|
|
Balance
Carried to the B/S |
371.424 |
617.123 |
1398.774 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Income from operations |
NA |
7441.986 |
4723.576 |
|
|
TOTAL
EARNINGS |
NA |
7441.986 |
4723.576 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
NA |
182.854 |
142.176 |
|
|
TOTAL
IMPORTS |
NA |
182.854 |
142.176 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
86.53 |
74.71 |
122.97 |
KEY RATIOS
|
PARTICULARS |
|
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.63 |
9.67 |
17.41 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.52 |
16.56 |
27.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.31 |
17.39 |
31.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.75 |
0.49 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78 |
0.92 |
1.55 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
68.150 |
96.854 |
96.854 |
|
Reserves & Surplus |
2414.358 |
1908.567 |
1574.850 |
|
Net
worth |
2482.508 |
2005.421 |
1671.704 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4812.407 |
7480.167 |
9715.530 |
|
|
|
55.435 |
29.884 |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4812.407 |
7480.167 |
9715.530 |
|
Profit |
838.038 |
723.583 |
838.112 |
|
|
17.41% |
9.67% |
8.63% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
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 |
No |
|
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
OPERATIONS
The Turnover of the Company increased by approximately 20% and stood at Rs. 9837.767 Million as compared to Rs. 8172.497 Million in the previous year. The Company’s Profit after Tax was Rs. 838.112 Million for the year ended 30th September, 2013 compared to Rs 723.583 Million in the corresponding period of the previous year.
AMALGAMATION:
Amalgmation of Siemens Nixdorf Information Systems Private Limited
Pursuant to the scheme of amalgamation (the scheme) of the erstwhile Siemens Nixdorf Information Systems Private Limited (SNISPL) with the Company under sections 391 to 394 of the Companies Act 1956, sanctioned by the Honorable High Court of Mumbai on July 5, 2013 the assets and liabilities of the erstwhile SNISPL were transferred to and vested in the Company with effect from October 1, 2011. Accordingly, the scheme has been given effect to in these accounts.
SNISPL was engaged in the business of computer hardware, banking and retail systems and had ceased its trading activities and has concluded agreements for termination and transfer of various third party contracts and other commitments The amalgamation has been accounted for under the ?pooling of interest method as prescribed by AS-14 Accounting for Amalgamations.
Accordingly, the accounting treatment has been given as under:
i. The assets, liabilities and reserves of SNISPL as at October 1, 2011 have been incorporated at their book values in the financial statements of the Company.
ii. All the equity shares of the SNISPL, held by Company stands cancelled and in lieu thereof no allotment of any shares have been made to any person.
iii. The loss of SNISPL for the year ended September 30, 2012 amounting to Rs.2.57 has been added to the General Reserve of the Company.
Consequently, the financial statements for the year ended September 30, 2013 includes the operations of SNISPL with effect from October 1, 2011.
Amalgmation of eMeter
India Private Limited
Pursuant to the scheme of amalgamation (the scheme) of eMeter India Private Limited (eMeter) with the Company under sections 391 to 394 of the Companies Act, 1956 sanctioned by the Honorable High Court of Delhi on July 2, 2013 the assets and liabilities of the eMeter were transferred to and vested in the Company with effect from April 1, 2013. Accordingly, the scheme has been given effect to in these accounts.
The operations of eMeter include to set up, develop, maintain, manage and operate software development center(s) to undertake customized software applications, development of programs and its applications.
The amalgamation has been accounted for under the pooling of interest method as prescribed by AS-14 Accounting for Amalgamations
Accordingly, the accounting treatment has been given as under:
i. The assets, liabilities, reserves and credit balance in the statement of profit and loss of eMeter as at April 1, 2013 have been incorporated at their book values in the financial statements of the Company.
ii. 323,121 equity shares of Rs. 10 each fully paid up of eMeter and investments in such equity shares held by the Company stands cancelled.
iii. The excess amount of Rs. 625.69 of the book value of the investment in the equity share capital of eMeter over the face value of the cancelled share as referred to in note (ii) above has been credited to the General Reserves of the Company.
Consequently, the financial statements for the year ended September 30, 2013 include the operations of eMeter with effect from April 1, 2013 and are reflected in the Corporate Technology Development center segment.
NATURE OF OPERATIONS
The Company is primarily engaged in software development, consultancy, corporate finance audit, management consulting, investor relations, financial services, business process outsourcing operations and contract centre services (IT enabled Services) mainly to its group companies
CONTINGENT
LIABILITIES:
|
PARTICULARS |
30.09.2013 (Rs. in million) |
30.09.2012 (Rs. in million) |
|
|
|
|
|
Disputed sales tax liability |
30.517 |
54.321 |
|
Disputed service tax liability |
1.209 |
0.000 |
|
Disputed Income tax liability |
2.352 |
0.000 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
PRESS RELEASE
SIEMENS TECHNOLOGY AND SERVICES PVT. LTD. WINS THE MINT-IFC STRATEGY
AWARD
New Delhi,
2013-Oct-29
Siemens Technology and Services Private Limited won The Mint-Institute for Competitiveness (IFC) Strategy Award. The Mint-IFC Strategy awards recognize and honor the best Indian companies showing exemplary strategic acumen to standout in their respective industries and contribute towards the prosperity of the country. An eminent jury with members from industry and academia evaluate companies in different industries using a robust framework that considers competitive advantage, competitiveness, and sustainability.
Speaking about the award, Gerd Hoefner, CEO and MD, Siemens Technology and Services Private Limited, said, “The award acknowledges our strategy and ability to see it through, which has been reflected in several noteworthy achievements over the last ten years. In this time, we have not only grown rapidly in terms of team size with a cumulative annual growth rate of about 30 percent, but we have also earned the entire engineering responsibility for several Siemens products. In addition, our employee retention rate is amongst the best in the industry.”
A highlight of the event was an address by Professor Michael E. Porter, recognized as the father of the modern strategy field, from the Institute for Strategy and Competitiveness, Harvard Business School, US. He stressed the importance for businesses in creating shared value which is necessary to sense the most important customer needs and con-sider the broader influences that determine their longer-term success. Philanthropist and cardiac surgeon Dr Devi Shetty, who is the Chairman and Managing Director of Narayana Health, spoke about how India is uniquely positioned to dissociate healthcare from afflu-ence.
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.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
68 |
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.