MIRA
INFORM REPORT
|
Report No. : |
339975 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHINDLER
INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B\401 Delphi B-Wing, |
|
Tel. No.: |
91-22-61314444 / 67031000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.12.1997 |
|
|
|
|
Com. Reg. No.: |
11-112690 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1217.879 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29150MH1997PTC112690 |
|
|
|
|
IEC No.: |
0398005796 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS34806C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS1548J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of selling, installing and maintaining elevators and escalators. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Schindler Group”,
Switzerland, and a leading global provider of elevators, escalators and
related services. It is an established company having fine track. The rating on Schindler India Private Limited reflects significant
improvement into its operational income, its strong financial risk profile
marked by healthy profitability with zero debt balance sheet. The rating further derives strength on company established track
record and strong financial and managerial support from its holding company. This rating is partially offsets by the competition face by the
company from established branded players in the markets. Trade relations are reported to be good. Business is active. Payment terms
are reported to be regular and as per the commitment. The company can be considered good for normal 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
31-03-2013.
INFORMATION DENIED
Management non-co-operative (91-22-61314444 / 67031000)
LOCATIONS
|
Registered / Corporate Office : |
B\401 Delphi B-Wing, Hiranandani Business Park, Powai, Mumbai –
400076, Maharashtra, India |
|
Tel. No.: |
91-22-67031000/ 61314444 |
|
Fax No.: |
91-22-67030145/ 55 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Head Office : |
B-401/402, Delphi, Hiranandani Business Park, Powai, Mumbai – 400076,
Maharashtra, India |
|
|
|
|
Corporate Offices : |
Located at: ·
Ahmedabad ·
Bangalore ·
Chandigarh ·
Chennai ·
Cochin ·
Hyderabad ·
Jaipur ·
Kolkata ·
Mumbai ·
Navi Mumbai ·
New Delhi ·
Noida ·
Pune |
DIRECTORS
As on 29.09.2014
|
Name : |
Miguel Angel Rodriguez |
|
Designation : |
Director |
|
Address : |
Paseo Alcobendas, Near 14, House Near 44, Alcobendas, Madrid, Spain -
28109 |
|
Date of Birth/Age : |
05.06.1953 |
|
Date of Appointment : |
25.06.2010 |
|
DIN No.: |
03018500 |
|
|
|
|
Name : |
Mr. Uday Atmanand Kulkarni |
|
Designation : |
Managing director |
|
Address : |
4/25, Haji Ali, Government Colony, Haji Ali
Park, Mumbai – 400034, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1958 |
|
Date of Appointment : |
05.09.2012 |
|
DIN No.: |
05316902 |
|
|
|
|
Name : |
Eleazar Serrablo |
|
Designation : |
Additional Director |
|
Address : |
Abdullah Saad, A. R. Alrashid (T-Dor-To1), Flat - 902 (E and W-Sub Meter), 392/Al Marsa, Dubai, 0000000000, United Arab Emirates |
|
Date of Appointment : |
03.11.2014 |
|
DIN No.: |
07002438 |
KEY EXECUTIVES
|
Name : |
Mr. Atul Gopalkrishna Juvle |
|
Designation : |
Secretary |
|
Address : |
C-11 and 12, Krishna CHS Limited, Tukaram Sandam Marg, Off Subhash
Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1963 |
|
Date of Appointment : |
03.09.2014 |
|
PAN No.: |
AAJPJ5117A |
|
|
|
|
Name : |
Mr. Vikas Vedprakash Chawla |
|
Designation : |
Chief Financial Officer |
|
Address : |
A-304, Harmony Tower CHSL, Siddeshwar Garden, Kolshet Road, Thane (West), Mumbai - 400607, Maharashtra, India |
|
Date of Appointment : |
18.06.2014 |
|
PAN No.: |
AAKPC0116D |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Schindler Holding Limited, Switzerland |
|
121787856 |
|
Schindler Aufzuge AG, Switzerland |
|
1 |
|
Total |
|
121787857 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
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 engaged in the business of selling, installing
and maintaining elevators and escalators. |
|
|
|
|
Products : |
Not Available |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
The Ruby, 29 Senapati Bapat Marg, Dadar-West, Mumbai, Maharashtra, India |
|
PAN No.: |
AALFS0506L |
|
|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Fellow Subsidiary : |
· Elevator Car Systems – France · Schindler Fahrtreppen International GmbH – Austria · Schindler SA (Schindler Drive Systems) – Spain · Schindler Elettronica SA – Switzerland · Schindler Elevators Limited – Switzerland · Schindler SPA – Italy · Schindler Informatik AG – Switzerland · Schindler Management AG – Switzerland · Inventio AG – Switzerland · Schindler Holdings Limited- Switzerland · Schindler (China) Elevator Company Limited – China · Schindler Electronics Suzhou Company Limited – China · Schindler Hungaria Kft. – Hungary · Schindler Lifts (SA) (Pty) Limited - South Africa · Schindler Aufzuge und Fahrtreppen GmbH – Austria · Schindler Pars International Limited - Dubai · Roux Combaluzier Schindler – France · Schindler Deutschland GmbH – Germany · Schindler Lifts Australia – Australia · Schindler Iberica Management S.A · Schindler Management AP (shanghai) Limited, Shanghai · AL Doha Schindler Elevators, Qatar · Schindler Elevator Corporation, USA · Schindler Olayan Elevator Company Limited · Schindler Pars International Limited - Dubai · Schindler S.A, South Africa · Schindler Aufzüge AG, Germany ·
Elevadores Atlas Schindler S.A., South Africa |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
127500000 |
Equity Shares |
Rs.10/- each |
Rs.1275.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
121787857 |
Equity Shares |
Rs.10/- each |
Rs.1217.879
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1217.879 |
1217.879 |
1217.879 |
|
(b) Reserves &
Surplus |
1511.211 |
1098.638 |
699.449 |
|
(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) |
2729.090 |
2316.517 |
1917.328 |
|
|
|
|
|
|
(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 |
206.741 |
173.430 |
44.831 |
|
(d) long-term provisions |
16.664 |
12.660 |
8.615 |
|
Total Non-current
Liabilities (3) |
223.405 |
186.090 |
53.446 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1156.188 |
966.247 |
731.946 |
|
(c) Other current
liabilities |
4423.548 |
3389.465 |
2641.585 |
|
(d) Short-term provisions |
68.080 |
71.153 |
89.316 |
|
Total Current Liabilities
(4) |
5647.816 |
4426.865 |
3462.847 |
|
|
|
|
|
|
TOTAL |
8600.311 |
6929.472 |
5433.621 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
988.072 |
911.449 |
677.819 |
|
(ii) Intangible Assets |
21.612 |
15.374 |
13.518 |
|
(iii) Capital
work-in-progress |
1641.577 |
405.116 |
15.056 |
|
(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) |
137.598 |
72.173 |
45.256 |
|
(d) Long-term Loan and Advances |
293.461 |
288.829 |
204.632 |
|
(e) Other Non-current
assets |
18.228 |
26.012 |
24.035 |
|
Total Non-Current Assets |
3100.548 |
1718.953 |
980.316 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
586.380 |
487.800 |
333.850 |
|
(c) Trade receivables |
951.621 |
855.004 |
987.457 |
|
(d) Cash and cash
equivalents |
3056.662 |
2963.287 |
2326.241 |
|
(e) Short-term loans and
advances |
347.968 |
331.796 |
307.615 |
|
(f) Other current assets |
557.132 |
572.632 |
498.142 |
|
Total Current Assets |
5499.763 |
5210.519 |
4453.305 |
|
|
|
|
|
|
TOTAL |
8600.311 |
6929.472 |
5433.621 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
9990.429 |
7704.809 |
7203.716 |
|
|
|
|
|
|
|
Less |
EXPENSES |
9350.130 |
7118.277 |
6692.575 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
640.299 |
586.532 |
511.141 |
|
|
|
|
|
|
|
Less |
TAX |
227.727 |
187.343 |
110.579 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
412.572 |
399.189 |
400.562 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.39 |
3.28 |
3.29 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1748.855 |
1600.387 |
956.036 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
4.13 |
5.18 |
5.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.39 |
9.09 |
9.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.25 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
1.18 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1217.879 |
1217.879 |
1217.879 |
|
Reserves & Surplus |
699.449 |
1098.638 |
1511.211 |
|
Net worth |
1917.328 |
2316.517 |
2729.090 |
|
|
|
|
|
|
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
7203.716 |
7704.809 |
9990.429 |
|
|
|
6.956 |
29.665 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
7203.716 |
7704.809 |
9990.429 |
|
Profit |
400.562 |
399.189 |
412.572 |
|
|
5.56% |
5.18% |
4.13% |
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 |
No |
|
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 |
Yes |
|
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
HIGH
COURT OF BOMBAY
|
Bench:- Bombay |
|||||||
|
Lodging No:- |
SL/724/2011 |
Filing Date:- |
21/03/2011 |
Reg. No.:- |
S/1177/2011 |
Reg. Date:- |
13/05/2011 |
|
|
|||||||
|
Petitioner:- |
ROCKLINE CONSTRUCTION COMPANY |
Respondent:- |
SCHINDLER INDIA PRIVATE LIMITED |
||||
|
Petn. Adv.: |
DIPESH U. SIROYA (0) |
Resp. Adv.: |
DSK LEGAL (I1590) |
||||
|
District:- |
MUMBAI |
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|||||||
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Bench:- |
SINGLE |
||||||
|
Status:- |
Pre-Admission |
Category: |
SUITS FOR DAMAGES |
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|
Next Date:- |
21.08.2015 |
Stage: |
FOR CROSS EXAMINATIONS |
||||
|
Coram : |
HON’BLE SHRI JUSTICE S.J. KATHAWALLA |
|
|
||||
|
Last Date: |
13.08.2015 |
Stage: |
FOR RECORDING EVIDENCE (ORIGINAL SIDE MATTERS) |
||||
|
Last Coram: |
HON’BLE SHRI JUSTICE S.J. KATHAWALLA |
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|||||||
|
Act:- |
Code of Civil Procedure 1908 |
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CORPORATE INFORMATION
Subject is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is a wholly owned subsidiary of Schindler Holdings Limited (Switzerland). The company is engaged in the business of selling, installing and maintaining elevators and escalators. The company has setup elevator manufacturing plant at chakan pune. The factory will manufacture cars and landing doors and its related components. The commercial production has been started from 1st April 2014.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10155371 |
24/03/2009 |
100,000,000.00 |
CORPORATION BANK |
BG-1,DELPHI,ORHARD
AVENUE,HIRANANDANI BUSINESSPARK |
A61412151 |
* Date of charge modification
FIXED ASSETS
· Leasehold Land
· Plant and Machinery
· Computer Equipment
· Office Equipment
· Furniture and Fixture
· Motor Vehicle
· 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 records 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.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
65 |
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.