MIRA INFORM REPORT
|
Report No. : |
340412 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENDRESS + HAUSER (INDIA) PRIVATE LIMITED (w.e.f. 30.07.2010) |
|
|
|
|
Formerly Known
As : |
ENDRESS
AND HAUSER (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7B, 7th Floor, Godrej One Building Pirojshanagar, Eastern Express
Highway, Vikhroli (East), Mumbai - 400079, Maharashtra |
|
Tel. No.: |
91-22-30236100 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 |
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|
|
Date of
Incorporation : |
07.09.1999 |
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Com. Reg. No.: |
121643 |
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Capital
Investment / Paid-up Capital : |
Rs.330.068 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U24110MH1999PTC121643 |
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|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME03386F |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACE5283C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacturing, selling and servicing of Measuring Instruments and Process Monitoring Systems. |
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No. of Employees
: |
180 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1999,
having satisfactory track. The company possesses a sound financial profile marked by adequate networth
base and increase in its receivable period along with working capital
intensive nature of the operations and zero debt balance sheet profile. Management has witnessed decent sales volume and fine profit earnings
along with profitability margin of 3.4%. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct. In view of healthy financial risk profile, 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Sonal Shah |
|
Designation : |
Deputy General Manager |
|
Contact No.: |
91-9930367340 |
|
Date : |
08.09.2015 |
LOCATIONS
|
Registered Office /
Head Office : |
7B, 7th Floor, Godrej One Building Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400079, Maharashtra, India |
|
Tel. No.: |
91-22-30236100 |
|
Mobile No.: |
91-9930367340 (Ms. Sonal Shah) |
|
Fax No.: |
91-22-30236219 / 30236210 |
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E-Mail : |
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Website : |
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Manufacturing
Division / National Warehouse / National Service Centre : |
A-4 Acorn Warehouse and Logistic Park, , Opposite Dive Petrol Pump, Dive Anjur Village, Mumbai - Nashik Highway, Bhiwandi, Thane – 421302, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Vadodara Service & Calibration Centre : |
28-C, Gandhi Oil Mill Compound, Industrial Estate Road, Gorwa, Vadodara - 390016 Gujarat, India |
|
Tel. No.: |
91-265-3291166 |
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E-Mail : |
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|
Branch Office / Regional
Office : |
Located At :
|
DIRECTORS
AS ON 09.06.2015
|
Name : |
Michael Ziesemer |
|
Designation : |
Director |
|
Address : |
Sackinger Strasse 32, Lorrach, 79540, Germany |
|
Date of Birth/Age : |
07.05.1951 |
|
Date of Appointment : |
18.06.2008 |
|
DIN No.: |
02340364 |
|
|
|
|
Name : |
Sajiv Ravindran Nath |
|
Designation : |
Managing Director |
|
Address : |
Flat-2, Sardar Building, Behind Siemens, Cardinal Gracias Road, Chakala, Andheri, Mumbai – 400099, Maharashtra, India |
|
Date of Birth/Age : |
04.12.1967 |
|
Date of Appointment : |
01.05.2008 |
|
DIN No.: |
02201563 |
|
|
|
|
Name : |
Jean Gyl Capt |
|
Designation : |
Director |
|
Address : |
31, Rue De Landser, Mabshem, 68440, France |
|
Date of Birth/Age : |
26.09.1951 |
|
Date of Appointment : |
28.04.2008 |
|
DIN No.: |
02215341 |
|
|
|
|
Name : |
Santosh Kumar |
|
Designation : |
Director |
|
Address : |
A 601 Eternia, Hiranandani Gardens Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1974 |
|
Date of Appointment : |
29.11.2010 |
|
DIN No.: |
00174062 |
KEY EXECUTIVES
|
Name : |
Santosh Kumar Satya Agrawal |
|
Designation : |
Secretary |
|
Address : |
Eternia Housing Co-operative Housing Society Limited, Block A, Flat No. 601, Hiranandani Gardens, Main Road, Powai, Mumbai - 400076, Maharashtra, India |
|
PAN No.: |
ACMCA8959Q |
|
Date of Appointment : |
21.11.2006 |
|
|
|
|
Name : |
Ms. Sonal Shah |
|
Designation : |
Deputy General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.06.2015
|
Names of Shareholders |
|
No. of Shares |
|
Endress + Hauser (International) Holding AG, Switzerland |
|
3300682 |
|
Endress + Hauser Consult AG, Switzerland |
|
1 |
|
Total |
|
3300683 |
Equity Share Break up (Percentage of Total Equity)
AS ON 09.06.2015
|
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 |
%20PRIVATE%20LIMITED%20-%20340412%2009-Sep-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacturing, selling and servicing of Measuring Instruments and Process Monitoring Systems. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
180 (Approximately) |
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Bankers : |
ICICI Bank Limited |
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Auditors : |
|
|
Name : |
Price Waterhouse and Company LLP Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai – 400028, Maharashtra, India |
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PAN No.: |
AADFP9359C |
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Memberships : |
--- |
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Collaborators : |
--- |
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Fellow Subsidiary
Company : |
SpectraSensors Inc. Mestra AG LLC Endress+Hauser Endress+Hauser Yamanashi Company Limited Endress+Hauser Wetzer GmbH+ Company KG Endress+Hauser Wetzer (USA) Inc. Endress+Hauser Sicestherm S.r.L. Endress+Hauser Shanghai Automation Equipment Company Limited Endress+Hauser S.A.-N.V. Endress+Hauser Process Solutions AG Endress+Hauser Metso Ag Endress+Hauser Messtechnik GmbH+ Company KG Endress+Hauser Management AG Endress+Hauser Limited Endress+Hauser Logistik GmbH + Company KG Endress+Hauser InfoServe GmbH+ Company KG Endress+Hauser GmbH+ Company KG Endress+Hauser Ges.m.b.H. Endress+Hauser Flowtec AG, Reinach Endress+Hauser Consult AG Endress+Hauser Conducta GmbH + Company KG Endress+Hauser Conducta Inc. Endress+Hauser B V Endress+Hauser A.S. Endress+Hauser (USA) Automation Instrumentation Inc. Endress+Hauser (S.E.A.) Pte. Limited Endress+Hauser (Qatar) L.L.C Endress+Hauser (PTY) Limited Endress+Hauser (Hungary) Magyarország Kft. Endress and Hauser (India) Automation Instrumentation Private Limited Endress + Hauser Wetzer (India) Private Limited |
|
|
|
|
Holding company : |
Endress+Hauser (International) Holding AG |
CAPITAL STRUCTURE
AS ON 31.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,400,000 |
Equity Shares |
Rs.100/- each |
Rs.340.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,300,683 |
Equity Shares |
Rs.100/- each |
Rs.330.068 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 |
330.068 |
330.068 |
201.476 |
|
(b) Reserves &
Surplus |
383.709 |
281.068 |
143.129 |
|
(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) |
713.777 |
611.136 |
344.605 |
|
|
|
|
|
|
(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 |
56.370 |
23.545 |
21.914 |
|
Total Non-current
Liabilities (3) |
56.370 |
23.545 |
21.914 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
395.476 |
371.139 |
416.539 |
|
(c) Other current
liabilities |
75.591 |
60.995 |
79.133 |
|
(d) Short-term provisions |
77.810 |
54.286 |
37.639 |
|
Total Current Liabilities
(4) |
548.877 |
486.420 |
533.311 |
|
|
|
|
|
|
TOTAL |
1319.024 |
1121.101 |
899.830 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
56.655 |
45.969 |
45.804 |
|
(ii) Intangible Assets |
3.423 |
4.649 |
0.776 |
|
(iii) Capital
work-in-progress |
2.876 |
0.000 |
3.338 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
4.582 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
70.000 |
53.144 |
46.292 |
|
(d) Long-term Loan and Advances |
46.536 |
44.183 |
71.121 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.030 |
|
Total Non-Current Assets |
179.490 |
147.945 |
171.943 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
116.688 |
155.010 |
225.314 |
|
(c) Trade receivables |
651.790 |
544.767 |
421.193 |
|
(d) Cash and cash
equivalents |
285.479 |
220.499 |
68.624 |
|
(e) Short-term loans and
advances |
73.026 |
52.204 |
12.756 |
|
(f) Other current assets |
12.551 |
0.676 |
0.000 |
|
Total Current Assets |
1139.534 |
973.156 |
727.887 |
|
|
|
|
|
|
TOTAL |
1319.024 |
1121.101 |
899.830 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2974.820 |
2992.710 |
2573.000 |
|
|
Commission |
3.060 |
5.380 |
1.230 |
|
|
Service Income-Gross |
102.070 |
77.420 |
39.550 |
|
|
Other Income |
28.310 |
6.550 |
10.500 |
|
|
TOTAL |
3108.260 |
3082.060 |
2624.280 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
2948.100 |
3054.840 |
2542.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
160.160 |
27.220 |
81.880 |
|
|
|
|
|
|
|
Less |
TAX |
57.530 |
11.440 |
27.710 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
102.630 |
15.780 |
54.170 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
56.540 |
22.670 |
0.020 |
|
|
Commission Income |
3.060 |
5.380 |
1.240 |
|
|
Service Income |
32.320 |
20.840 |
1.900 |
|
|
TOTAL EARNINGS |
91.920 |
48.890 |
3.160 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded Goods |
614.580 |
649.220 |
552.790 |
|
|
Stores |
0.320 |
1.230 |
0.000 |
|
|
Capital Goods |
3.850 |
0.770 |
9.660 |
|
|
TOTAL IMPORTS |
618.750 |
651.220 |
562.450 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
31.09 |
4.78 |
26.89 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
155.952 |
(75.536) |
44.686 |
|
Net cash flows from (used in) operating activities |
102.141 |
(85.734) |
20.491 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.45 |
0.53 |
2.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.85 |
2.55 |
9.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.04 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08 |
2.00 |
1.36 |
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 |
201.476 |
330.068 |
330.068 |
|
Reserves & Surplus |
143.129 |
281.068 |
383.709 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
344.605 |
611.136 |
713.777 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20340412%2009-Sep-2015_files/image015.gif)
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 |
2573.000 |
2992.710 |
2974.820 |
|
|
|
16.312 |
(0.598) |
%20PRIVATE%20LIMITED%20-%20340412%2009-Sep-2015_files/image017.gif)
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 |
2573.000 |
2992.710 |
2974.820 |
|
Profit |
54.170 |
15.780 |
102.630 |
|
|
2.11% |
0.53% |
3.45% |
%20PRIVATE%20LIMITED%20-%20340412%2009-Sep-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY INFORMATION
The company is a Private Limited Company registered in India under the Companies Act, 1956. Company is engaged in the business of Selling/ Servicing of Measuring Instruments and Process Monitoring Systems. Company's corporate office is located in Mumbai.
MANAGEMENT DISCUSSION
AND ANALYSIS REPORT
The Company posted yet another year of impressive results with strong profit growth and high quality earnings, reflecting the robustness of its corporate strategy of creating multiple drivers of growth. This performance is particularly remarkable when viewed against the backdrop of the extremely challenging business context in which it was achieved, i.e slowdown in the economy, in 1st half of 2014, However economic situation started improving since 2nd half of 2014. The Company recorded stable higher net Revenue during the year and achieved INR 3108 Million. The Company managed to increase Profit after Tax from INR 15 Million to INR 102 Million through focus on margin, value selling, cost management. The Company could significantly improve its working capital performance and recorded over INR 102 Million of net operating cash flow from operating activities during the year. The Company expects to improve its performance going forward with improving macro economics. The Company achieved this growth through focusing on strategies relating to product pricing, diversification, customer relationship through customer events. Third year of Manufacturing Division for process monitoring system recorded an impressive net sale of INR 340 Million and looking forward to grow more in future. The Indian manufacturing operations continue its journey on the road-map and defined long term strategy, capacity expansion project. In line with business needs, the focus continued on base capability build up, Infrastructure development, standardizing the way of working and making progress in their performance system and governing mechanism. Company conducts its business with integrity and high standards of ethical behavior and in compliance with the laws and regulation that govern its business. Company has well established framework of internal controls in operation supported by standard operating procedures, policies and guidelines, including suitable monitoring procedures and self assessment exercises. In addition to external Audit, the financial and operating controls of the Company at various locations are reviewed by the Internal Auditors, who report significant finding to the management. Compliance with laws and regulations is also monitored.
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS:
·
Land and Building
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicle
·
Computer
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.66.61 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
TRS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
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 |
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 |
|
45 |
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.