MIRA INFORM REPORT
|
Report No. : |
343844 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATOTECH INDIA PRIVATE LIMITED [w.e.f.06.04.2015] |
|
|
|
|
Formerly Known
As : |
ATOTECH INDIA LIMITED [w.e.f.18.10.2001] MAX ATOTECH LIMITED MAX ATOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
66 KM Stone, NH-8, Delhi-Jaipur Highway, Village Sidhrawali, Gurgaon –
123413, Haryana |
|
Tel. No.: |
91-124-2679620/ 21 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 |
|
|
|
|
Date of
Incorporation : |
07.03.1996 |
|
|
|
|
Com. Reg. No.: |
05-033492 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 241.214
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999HR1996PTC033492 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKA04222B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM0338G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Electroplating Chemicals. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated on 7th March, 1996. It has
satisfactory track record. The company possesses a decent profile marked by decent networth base
along with fair liquidity and profitability. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Ashok Kamboj |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-1274-267190 |
|
Date : |
07.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
66 KM Stone, NH-8, Delhi-Jaipur Highway, Village Sidhrawali, Gurgaon –
123413, Haryana, India |
|
Tel. No.: |
91-124-2679620/ 21 91-1274-267190/ 91 |
|
Fax No.: |
91-1274-267189 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Technical Center : |
111 and 112, Phase - IV, Bommasandra Industrial Area, Bangalore - 560099, Karnataka, India |
|
Tel. No.: |
91-8110-419000 |
|
Fax No.: |
91-8110-419020 |
|
|
|
|
Branch Offices : |
Located at: ·
Gurgaon ·
Mumbai ·
Ludhiana ·
Pune ·
Chennai |
DIRECTORS
AS ON 26.06.2015
|
Name : |
Challa Gopala Krishna Murthy |
|
Designation : |
Managing director |
|
Address : |
02D-052, Oakwood Estate, DLF City, Phase II, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
15.08.1963 |
|
Qualification : |
M. Tech |
|
Experience : |
28 Years |
|
Date of Appointment : |
25.12.2012 |
|
PAN No.: |
AAOPC5993N |
|
DIN No.: |
06459735 |
|
|
|
|
Name : |
Shambhu Gupta |
|
Designation : |
Director |
|
Address : |
96, Arjun Marg, DLF City, Phase I, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
04.09.1964 |
|
Date of Appointment : |
02.07.2001 |
|
PAN No.: |
AAEPG2393Q |
|
DIN No.: |
00294285 |
|
|
|
|
Name : |
Gregor Frank |
|
Designation : |
Director |
|
Address : |
Bochumer Strasse 25, 10555, Berlin 10555 Germany |
|
Date of Birth/Age : |
12.03.1960 |
|
Date of Appointment : |
02.07.2001 |
|
DIN No.: |
00325610 |
|
|
|
|
Name : |
Gertjan Willem Van Der Wal |
|
Designation : |
Director |
|
Address : |
Hofjagerallee, 28 A, Berlin 13465 Germany |
|
Date of Birth/Age : |
21.07.1963 |
|
Date of Appointment : |
14.05.2010 |
|
DIN No.: |
02727643 |
|
|
|
|
Name : |
Chun Yin Lee |
|
Designation : |
Director |
|
Address : |
Flat B, 11/F, Tower 2, Carmens Garden, 9 Cox Road, Tsim Sha, Tsui
Kowloon, Hong Kong 852 |
|
Date of Birth/Age : |
01.12.1946 |
|
Date of Appointment : |
14.05.2010 |
|
DIN No.: |
03104481 |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Kamboj |
|
Designation : |
Finance Controller |
|
|
|
|
Name : |
Debojyoti Das |
|
Designation : |
Secretary |
|
Date of Appointment : |
14.05.2014 |
|
PAN No.: |
APXPD7669A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.06.2015
|
Names of Shareholders |
|
No. of Shares |
|
Atotech B.V, Netherland |
|
24121394 |
|
Challa Gopala Krishna Murthy |
|
1 |
|
Shambhu Gupta |
|
1 |
|
G.S. Gulati |
|
1 |
|
Aditya Kumar Joshi |
|
1 |
|
Desh Ranjan Basak |
|
1 |
|
Rajesh Varma |
|
1 |
|
|
|
|
|
Total |
|
24121400 |
AS ON 26.06.2015
|
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 : |
Manufacturer of Electroplating Chemicals. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
The Hong Kong Shanghai Banking Corporation
Limited Cdorporate Banking Division; ECE House; 1st
Floor, 28; Kasturba Gandhi Marg, New Delhi - 110001, Delhi, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
Building No, 10, 8th Flow, Tower-B OLF Cyber City, Phase – lI, Gurgaon - 122002, India |
|
Tel. No.: |
91-124-2549191 |
|
Fax No.: |
91-124-2549101 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate holding
company : |
Total S.A, France |
|
|
|
|
Holding company : |
Atotech B.V., Netherlands |
|
|
|
|
Fellow subsidiaries
: |
· Atotech Deutschland GmbH, Germany · Atotech (UK) Limited · Atotech USA Inc. · Atotech (China) Chemicals Limited · Atotech S.E.A. Pte Limited, Singapore · Atotech Espana, S.A., Spain · Atotech Korea Limited · Atotech Canada Limited · Atotech Taiwan Limited · Atotech Australia Pty Limited · Atotech Slovenija, Slovenia · Atotech Japan K.K. · Atotech Do Brazil Galvanotecn Limited, Brazil · Atotech Italia S.r.l · Atotech Thailand Limited |
CAPITAL STRUCTURE
AS ON 27.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 520.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,121,400 |
Equity Shares |
Rs. 10/- each |
Rs. 241.214 Million
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
241.214 |
241.214 |
202.752 |
|
(b) Reserves & Surplus |
481.759 |
359.544 |
241.926 |
|
(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) |
722.973 |
600.758 |
444.678 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
72.450 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
9.073 |
7.539 |
4.618 |
|
(d)
long-term provisions |
13.872 |
9.639 |
8.937 |
|
Total
Non-current Liabilities (3) |
22.945 |
17.178 |
86.005 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
267.384 |
185.630 |
224.000 |
|
(b)
Trade payables |
375.323 |
428.671 |
372.342 |
|
(c)
Other current liabilities |
110.789 |
161.295 |
211.277 |
|
(d)
Short-term provisions |
2.264 |
4.792 |
12.908 |
|
Total
Current Liabilities (4) |
755.760 |
780.388 |
820.527 |
|
|
|
|
|
|
TOTAL |
1501.678 |
1398.324 |
1351.210 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
688.827 |
567.456 |
611.867 |
|
(ii)
Intangible Assets |
18.025 |
22.754 |
8.090 |
|
(iii)
Capital work-in-progress |
13.988 |
7.167 |
6.188 |
|
(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) |
4.860 |
2.312 |
0.231 |
|
(d) Long-term Loan
and Advances |
114.235 |
101.504 |
84.265 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
839.935 |
701.193 |
710.641 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
122.027 |
122.125 |
114.556 |
|
(c)
Trade receivables |
487.185 |
401.009 |
412.798 |
|
(d)
Cash and cash equivalents |
35.172 |
132.918 |
45.623 |
|
(e)
Short-term loans and advances |
17.359 |
41.079 |
67.592 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
661.743 |
697.131 |
640.569 |
|
|
|
|
|
|
TOTAL |
1501.678 |
1398.324 |
1351.210 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1747.910 |
1480.265 |
1344.522 |
|
|
|
Other Income |
12.980 |
10.774 |
11.949 |
|
|
|
TOTAL (A) |
1760.890 |
1491.039 |
1356.471 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
681.331 |
655.541 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
6.162 |
-8.920 |
|
|
|
Employees benefits expense |
|
156.361 |
149.933 |
|
|
|
Other expenses |
|
456.791 |
413.951 |
|
|
|
TOTAL (B) |
1471.500 |
1300.645 |
1210.505 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
289.390 |
190.394 |
145.966 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.910 |
38.855 |
44.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
253.480 |
151.539 |
101.759 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
67.100 |
69.384 |
63.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
186.380 |
82.155 |
38.402 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
64.160 |
26.077 |
19.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
122.220 |
56.078 |
18.708 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports on F.O.B. basis |
68.090 |
52.880 |
48.970 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
419.197 |
374.412 |
350.473 |
|
|
|
Stores & Spares |
0.946 |
1.352 |
0.185 |
|
|
|
Capital Goods |
13.081 |
4.675 |
3.972 |
|
|
TOTAL IMPORTS |
433.224 |
380.439 |
354.630 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.07 |
2.74 |
0.92 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
0.000 |
85.460 |
144.900 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
167.801 |
163.442 |
143.559 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.99 |
3.79 |
1.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
16.56 |
12.86 |
10.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.57 |
5.92 |
2.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.14 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.37 |
0.45 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
0.89 |
0.78 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
202.752 |
241.214 |
241.214 |
|
Reserves & Surplus |
241.926 |
359.544 |
481.759 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
444.678 |
600.758 |
722.973 |
|
|
|
|
|
|
Long-term borrowings |
72.450 |
0.000 |
0.000 |
|
Short term borrowings |
224.000 |
185.630 |
267.384 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
144.900 |
85.460 |
0.000 |
|
Total
borrowings |
441.350 |
271.090 |
267.384 |
|
Debt/Equity ratio |
0.993 |
0.451 |
0.370 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1344.522 |
1480.265 |
1747.910 |
|
|
|
10.096 |
18.081 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1344.522 |
1480.265 |
1747.910 |
|
Profit |
18.708 |
56.078 |
122.220 |
|
|
1.39% |
3.79% |
6.99% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
Case Details for
Case CM-19594-CII-2015
|
Diary Number |
1419137 |
District |
New Delhi |
|
Category |
-- |
Main Case Detail |
ITA-347-2015 |
|
Party Details |
PR Commissioner of Income Tax Gurgaon v/s Atotech India Limited |
||
|
Advocate Name |
Tajender Joshi |
List Type |
Ordinary |
|
Status |
Pending |
Next Date |
-- |
|
Case Listing
Details |
|||
|
Judgment Details
for Case: CM-19594-CII-2015 Party Details:
PR Commissioner of Income Tax Gurgaon v/s Atotech India Limited |
|||
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.12.2014 (Rs.
In Million) |
31.12.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
267.384 |
185.630 |
|
|
|
|
|
Total |
267.384 |
185.630 |
COMPANY OVERVIEW
Subject was incorporated in India on 7th March 1996 to manufacture,
import, export, indent, deal, procure, process, produce, buy, sell, lease,
store, market, franchise, distribute all specialty chemicals, compounds and
equipments used in or in relation to general metal finishing business and the
production of printed circuit boards and all ingredients and by products
thereof.
PERFORMANCE
REVIEW
The
sales of the Company at Rs.1747.910 million during the calendar year 2014 are
higher than corresponding period in 2013 by Rs.272.930 million representing a
growth of 18.50%. The operating profits of the Company witnessed increase
compared to last year from Rs. 190.390 million in 2013 to Rs. 289.390 million in
2014. The net profit for the period increased from Rs. 56.070 million in 2013
to Rs. 122.220 million in 2014.
The
Company has recorded increase in operating profit and net profit during the
year under review from previous year. The Increase in net profit during the
year is primarily due to saving in material cost due to product mix change and
interest cost. The company continues to focus on sustainable growth in the
emerging markets, cost optimization and efficient management of the working
capital.
BUSINESS REVIEW
ELECTRONICS
BUSINESS
During
the period, in Printed Circuit Boards Chemicals business your Company has
achieved Net Sales of Rs. 363.370 million against Rs. 323.200 million over
previous year period which represents a growth of 12.43% over 2013 level for
the similar period.
GENERAL
METAL FINISHING BUSINESS
During
the period, in GMF segment, maintaining the previous year trend, the Company,
has achieved Net Sales of Rs. 1384.540 million against Rs. 1151.770 million
over previous year period, which represents a growth of 20.20% over 2013 level
for the similar period.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Leasehold improvements
·
Goodwill
·
Computer software
·
Copyrights, patents and other operating rights
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. 65.26 |
|
|
1 |
Rs. 99.53 |
|
Euro |
1 |
Rs. 73.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
48 |
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.