MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	502514
Report Date :	09.04.2018

IDENTIFICATION DETAILS

Name :	HONEYWELL INTERNATIONAL (INDIA) PRIVATE LIMITED (w.e.f. 03.05.2000)

Formerly Known As :	ALLIED SIGNAL INDIA PRIVATE LIMITED (w.e.f. 08.12.1995) RIGHT CHOICE INDIA PRIVATE LIMITED

Registered Office :	Nagpal Business Tower, Ground Floor, A/91, Okhla Industrial Phase II, New Delhi-110020
Tel. No.:	91-11-40547294

Country :	India

Financials (as on) :	31.03.2017

Date of Incorporation :	09.08.1995

Com. Reg. No.:	55-071592

Capital Investment / Paid-up Capital :	INR 358.358 Million

CIN No.: [Company Identification No.]	U74899DL1995PTC071592

TIN No.:	07560296305

IEC No.: [Import-Export Code No.]	Not Divulged

TAN No.: [Tax Deduction & Collection Account No.]	RTKH01684E

GSTN : [Goods & Service Tax Registration No.]	Not Divulged

PAN No.: [Permanent Account No.]	AABCA7954K

Legal Form :	Private Limited Liability Company

Line of Business :	The Subject is primarily engaged in the business of distribution and assembly of automation and control products/ solutions. It is also engaged in the business of rendering IT-enabled and other services to its related parties. (Registered activity)

No. of Employees :	Information declined by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A++

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default

Maximum Credit Limit :	USD 17000000

Status :	Excellent

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a subsidiary of “Honeywell International Inc, USA and was incorporated in the year 1995. It is having excellent track. Honeywell International (parent entity) ranked 73 in the Fortune 500 companies list. For the financial year 2017, the company has increased its revenue from operations as compared to previous year and maintained decent profitability margin of 11.74%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and debt free balance sheet. Further, the company also derives strengths from its strong holding company support by its access to the latest technology from parent entity, diverse product portfolio and cost-competitive operations. Trade relations are reported as fair. Payments are seems to be regular as per commitment. In view of aforesaid, the company can be considered for normal business dealings at usual trade terms and condition.

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 09.04.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-124-4975000

Tel. No.: 91-11-40547294 – Not Working

LOCATIONS

Registered Office :	Nagpal Business Tower, Ground Floor, A/91, Okhla Industrial Phase II, New Delhi-110020, India
Tel. No.:	91-11-40547294 / 4975049/ 47394901 / 26383862
Fax No.:	91-11-40547296
E-Mail :	adi.india@adi-intl.com neeraj.dewan@honeywell.com roxshana.bahadurji@honeywell.com ashish.lakhotia@honeywell.com Communications@Honeywell.com inder.singh@honeywell.com india.communications@honeywell.com prachi.jain@honeywell.com
Website :	www.honeywell.com www.honeywell.in

Corporate Office/ Factory :	Essar Division, Sector 36, Pace City II, Gurgaon 122004, Haryana India

SITE OFFICES :	AEROSPACE Unitech Trade Centre, Block 'C' 5th Floor, Sector 43, Sushant Lok, Phase I , Gurgaon 122 002, Haryana, India Tel No.: 91-124-4975000 Fax No.: 91-124-4975136 Email : aerospace.india@honeywell.com AUTOMATION AND CONTROL SOLUTIONS 56 and 57 Hadapsar Industrial Estate, Pune - 411 013, Maharashtra, India Tel No.: 91-20-66039400 Fax No.: 91-20-66039893/ 66039800 Email : acsindia@honeywell.com PERFORMANCE MATERIALS AND TECHNOLOGIES 5thand& 6th Floor Building No. 9, Tower B, DLF Cyber City, Phase – III, Gurgaon - 122 002, Haryana, India Tel No.: 91-124-4031361-67 Fax No.: 91-124-4031370 Email :pmtindia@honeywell.com TRANSPORTATION SYSTEMS Plot 4A, Raisoni Industrial Estate, Village Mann, Taluka Mulshi, Pune - 411 057, Maharashtra, India Tel No.: 91 20 667 68069 Fax No.: 91 20 665 20230 Email : tsindia@honeywell.com HONEYWELL TURBO TECHNOLOGIES - MANUFACTURING, ENGINEERING AND CUSTOMER SUPPORT Plot No.4A (Old survey No 28), Raisoni Industrial Estate, Pune-411057, Maharashtra, India HONEYWELL TURBO TECHNOLOGIES – ENGINEERING Honeywell Technology Solutions No. 151/1, Doraisanipalya, Bannerghatta Road, Bangalore-560076, Karnataka, India

DIRECTORS

As on 31.03.2017

Name :	Mr. Sharad Yadav
Designation :	Director
Address :	House No. 534 Sector-22, A Gurugram – 122015, Haryana, India
Date of Birth/Age :	18.10.1975
Qualification :	Professional
Date of Appointment :	28.07.2017
DIN No.:	07623549

Name :	Mr. Devinder Singh
Designation :	Director
Address :	953, Ph.- 3B2, SAS Nagar, Sector 59, Mohali-160059, Punjab, India
Date of Birth/Age :	18.09.1966
Qualification :	Professional
Date of Appointment :	28.07.2017
DIN No.:	07830716

KEY EXECUTIVES

Name :	Ms. Prachi Jain
Designation :	Company Secretary
Address :	9/3549, Dharampura, Gandhi Nagar, Delhi – 110031, India
Date of Appointment :	20.03.2018
PAN No.:	ALYPJ1607R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.08.2017

Names of Shareholders		No. of Shares
Callidus Technologies International L.L.C.		168300
Callidus Technologies L.L.C.		1700
Enraf BV		1
Enraf Holding BV		549999
Honeywell Bahrain W.L.L		1
Honeywell International Asia Pacific Inc.		2
Honeywell International Inc.		35025775
Honeywell Limited / Honeywell Limited		89999
Total		35835777

Equity Share Break up (Percentage of Total Equity)

As on 28.07.2017

Category	Percentage
Promoter - Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The Subject is primarily engaged in the business of distribution and assembly of automation and control products/ solutions. It is also engaged in the business of rendering IT-enabled and other services to its related parties. (Registered activity)

Products :

Item Code No.	Product Description
85238020	Discs With Information Technology
84241000	Fire Extinguishers, W/N Charged
33121, 31907, 51595	Trading / Manufacturing of the life safety equipment that includes fire and smoke detectors and forms part of Fire and Safety group of Honeywell and Trading of Security Products such as Access Control, general Safety Products, CCTV, Home Automation, Intrusion and others. Trading of precision instruments and related software systems for bulk storage tanks and other similar products and instruments.

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Not Divulged
Branch	--
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	Deloitte Haskins and Sells LLP Chartered Accountants
Address :	7th Floor, Building 10B, DLF Cyber City Complex DLF, City Phase II, Gurugram, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAEFP5231G

Memberships :	Not Available

Collaborators :	Not Available

Holding Company :	Honeywell International Inc., United States of America

Fellow Subsidiaries :	Ademco Asia Pacific Limited Honeywell Secuirty (Hong Kong) Limited formerly IntelliSense (Hong Kong) Limited Ademco de Juarez, S. de R.L. de C.V. Honeywell Security (China) Co., Limited ADI-Gardiner EMEA Limited Honeywell Security UK Limited BW Technologies LP Honeywell Sensing and Control (China) Co., Limited Callidus Combustion Technologies and Equipment (Shanghai) Co. Limited Honeywell Specialty Chemicals Seelze GmbH Callidus Technologies, LLC Honeywell Specialty Materials (China) Co. Limited CEA Honeywell Aircraft Wheels and Brakes Repair and Overhaul Co., Ltd. Shanghai Honeywell spol. s.r.o. [Czech Republic] Combustion Controls Tianjin Co Limited Honeywell TAECO Aerospace (Xiamen) Company Limited CRIAA Honeywell (Nanjing) Aero Accessories Co., Limited Honeywell Technologies S.a.r.l. ECC NA – CMO Chihuahua Honeywell Technology Solutions Inc. Eclipse Combustion Private Limited. Honeywell Technology Solutions Lab Private Limited Enraf B.V. Honeywell Technology Solutions Qatar Enraf B.V. Delft Factory Honeywell Teknoloji Anonim Sirketi Hand Held Products Europe B.V. Hand Held Products, Inc. Honeywell Trading (Shanghai) Co., Limited Honeywell Turbo (India) Private Limited Honeywell and Co. Oman LLC Honeywell Turbo Technologies (India) Private Limited Honeywell (China) Co., Limited Honeywell Turki Arabia Limited Honeywell (Guangzhou) Friction Materials Co., Limited HWL Pacific Wave Systems Honeywell (Tianjin) Limited Intermec (South America) Ltda. Honeywell Aerospace Avionics Malaysia Sdn Bhd Intermec Singapore Honeywell Aerospace Engine (Suzhou) Co., Limited Intermec Technologies (S) Pte Limited Honeywell Aerospace Singapore Pte. Limited KAC Alarm Company Limited Honeywell Analytics Asia Pacific Co., Limited KCL GmbH Honeywell Analytics Inc. King's Shoe Manufacturing Pte. Limited Honeywell Automation and Control Solutions South Africa (Pty) Limited Life Safety A/V (Guangzhou) Co. Limited. Honeywell Automation Control Solutions (China) Co Limited Life Safety Distribution AG Honeywell Automation India Limited Metro (Suzhou) Technologies Co., Limited. Honeywell Automotive de Mexico, S.A. de C.V. Metrologic Asia (Pte) Limited Honeywell Automotive Parts Services (Shanghai) Co., Limited. MK Electric (Malaysia) Sdn. Bhd. Morning Pride Manufacturing LLC Honeywell Belgium [N.V.] MTLG Auto ID Instruments (Shanghai) Co. Limited Honeywell Co., Limited Norcross Safety Products LLC Honeywell Avionics (Shanghai) Co., Limited Honeywell Control Systems Limited North Safety Products LLC Honeywell Electrical Devices and Systems India Limited North Safety Products Limited (Canada) Notifier Italia S.r.l. Honeywell Electronic Materials (Thailand) Limited Honeywell Engineering Sdn. Bhd. Novar ED&S Limited Honeywell Environmental and Combustion Controls (Tianjin) Co., Limited Novar GmbH Honeywell Europe NV Honeywell Europe Services S.A.S. Novar Systems Limited Holdings (Vic) Pty. Limited Honeywell Fire and Security Systems (Shanghai) Co Limited Pittway Systems Technology Group Europe Limited Honeywell Fire Solutions (Hong Kong) Limited PT Honeywell Indonesia Honeywell Fluorine Products Europe B.V. PT Honeywell Indonesia Trading Honeywell Hometown Solutions India Foundation U85100DL2014NPL269717 PT KSW Batam Honeywell Int Sdn. Bhd. RAE Systems Shanghai Inc. Honeywell Integrated Technology (China) Co Limited Salisbury Electrical Safety LLC Honeywell International Inc Sperian Fall Protection Deutschland Gmbh and Co. Kg Honeywell International Middle East Limited. Sperian Personal Protective Equipment (Nantong) Co. Limited Honeywell International S.a.r.l. Sperian Produtos de Seguranca Ltda. Honeywell International Sdn. Bhd. Sperian Protection Americas, Inc Honeywell Intl ME Limited Sperian Protection Armor SAS Honeywell Kuwait K.S.C. Sperian Protection Australia Pty. Limited. Honeywell Life Safety Austria GmbH Sperian Protection Clothing SAS Honeywell Life Safety Iberia S.L. Sperian Protection Europe SAS Honeywell Life Safety Romania SRL Sperian Protection Gloves Plancher Bas SAS Honeywell Limited Sperian Protection Optical, Inc. Sperian Protection S A Honeywell Limited [Hong Kong] Honeywell Limited [New Zealand] Sperian Protection Slovakia Sro Honeywell Limited/Honeywell Limitee Sperian Protection USA, Inc. Honeywell Lonon Electrical Systems Technology (Guangdong) Co., Limited Sperian Respiratory Protection France SAS Honeywell Limited. (Australia) Tridium, Inc. Honeywell Middle East B.V. Turbo China (Wuhan) UOP India Private Limited Honeywell Middle East FZE Honeywell NV [Belgium] UOP L.L.C. Honeywell PMT (China) Co., Limited (UOP Division) UOP Malaysia Sdn Bhd Honeywell Pte. Limited. Vocollect India, Private Limited Honeywell S.r.l Vocollect, Inc. Honeywell Safety Products (Shanghai) Co. Limited. Xian System Sensor Electronics Limited. Honeywell Safety Products Chuzhou Co., Limited Xtralis Newco (Aust) PTY Limited Honeywell Safety Products USA, Inc. (FKA Sperian Protection Americas, Inc.) ZAO Honeywell

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount

37100000	Equity Shares	INR 10/- each	INR 371.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

35835777	Equity Shares	INR 10/- each	INR 358.358 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	358.358	358.358	358.358
(b) Reserves and Surplus	5661.767	4824.047	4136.738
(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)	6020.125	5182.405	4495.096

(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	120.939	291.631	216.684
Total Non-current Liabilities (3)	120.939	291.631	216.684

(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000	0.000
(b) Trade payables	2121.885	1611.585	1335.608
(c) Other current liabilities	212.401	291.684	268.647
(d) Short-term provisions	205.207	34.054	30.252
Total Current Liabilities (4)	2539.493	1937.323	1634.507

TOTAL	8680.557	7411.359	6346.287

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	396.489	340.879	335.275
(ii) Intangible Assets	19.895	2.864	4.834
(iii) Tangible assets capital work-in-progress	14.149	18.092	12.853
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.100	0.100	0.100
(c) Deferred tax assets (net)	181.633	214.780	170.848
(d) Long-term loans and advances	249.258	326.968	51.011
(e) Other Non-current assets	66.577	0.000	0.000
Total Non-Current Assets	928.101	903.683	574.921

(2) Current assets
(a) Current investments	544.088	518.851	703.299
(b) Inventories	771.451	697.140	528.364
(c) Trade receivables	2187.919	1731.124	1770.611
(d) Cash and bank balances	3975.005	3348.081	2372.156
(e) Short-term loans and advances	212.787	193.919	368.636
(f) Other current assets	61.206	18.561	28.300
Total Current Assets	7752.456	6507.676	5771.366

TOTAL	8680.557	7411.359	6346.287

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	7961.412	6904.514	6584.819
	Other Income	712.154	533.559	528.841
	TOTAL	8673.566	7438.073	7113.660

Less	EXPENSES
	Cost of Materials Consumed	659.522	539.194	546.848
	Purchases of Stock-in-Trade	4096.719	3877.986	3396.171
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(55.910)	(155.341)	2.365
	Employee benefit expense	1210.183	967.663	872.558
	CSR expenditure	22.900	21.636	18.001
	Other expenses	1272.139	1088.537	858.859
	TOTAL	7205.553	6339.675	5694.802

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1468.013	1098.398	1418.858

Less	FINANCIAL EXPENSES	0.000	0.000	0.000

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	1468.013	1098.398	1418.858

Less/ Add	DEPRECIATION/ AMORTISATION	93.301	66.884	76.764

	PROFIT/ (LOSS) BEFORE TAX	1374.712	1031.514	1342.094

Less	TAX	440.164	344.205	448.301

	PROFIT/ (LOSS) AFTER TAX	934.548	687.309	893.793

	Profit (loss) of minority interest	0.000	0.000	0.000

	Share of profit (loss) of associates	(168.670)	0.000	0.000

	TOTAL PROFIT (LOSS) FOR PERIOD	843.535	687.309	893.794

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	3002.388	2992.587	3248.072
	TOTAL EARNINGS	3002.388	2992.587	3248.072

	IMPORTS
	Raw Materials	0.000	422.672	457.319
	Capital Goods	0.000	12.691	0.929
	TOTAL IMPORTS	0.000	435.363	458.248

	Earnings / (Loss) Per Share (INR)	21.37	19.18	24.941

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Net cash flows from (used in) operations	1185.043	(55.721)	731.333
Net cash flows from (used in) operating activities	760.966	(531.444)	200.937

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	100.31	91.51	98.15

Account Receivables Turnover (Income / Sundry Debtors)	3.64	3.99	3.72

Average Payment Days (Sundry Creditors / Purchases * 365 Days)	162.84	133.17	123.64

Inventory Turnover (Operating Income / Inventories)	1.90	1.58	2.69

Asset Turnover (Operating Income / Net Fixed Assets)	3.41	3.04	4.02

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.29	0.26	0.26

Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00

Current Liabilities to Networth (Current Liabilities / Net Worth)	0.42	0.37	0.36

Fixed Assets to Networth (Net Fixed Assets / Networth)	0.07	0.07	0.08

Interest Coverage Ratio (PBIT / Financial Charges)	0.00	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	11.74	9.95	13.57

Return on Total Assets ((PAT / Total Assets) * 100)	%	10.77	9.27	14.08

Return on Investment (ROI) ((PAT / Networth) * 100)	%	15.52	13.26	19.88

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	3.05	3.36	3.53

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	2.75	3.00	3.21

G-Score Ratio Financial (Networth / Total Assets)	0.69	0.70	0.71

G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	3.05	3.36	3.53

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	358.358	358.358	358.358
Reserves & Surplus	4136.738	4824.047	5661.767
Net worth	4495.096	5182.405	6020.125

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	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	6584.819	6904.514	7961.412
	0.000	4.855	15.307

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	6584.819	6904.514	7961.412
Profit/ (Loss)	893.793	687.309	934.548
	13.57 %	9.95 %	11.74 %

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)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION

Honeywell International (India) Private Limited ("Company") [CIN: U74899DL1995PTC071592], is an Indian Company, established in 1995. The Company is primarily engaged in the business of distribution and assembly of automation and control products/ solutions. It is also engaged in the business of rendering IT-enabled and other services to its related parties. The registered office of the Company is Nagpal Business Tower, Ground Floor, A/91, Okhla Industrial Phase II, New Delhi - 110020 and corporate office is Unitech Trade Centre, Sector 43, Sushant Lok Phase I, Gurugram.

The accompanying financial statements reflects the result of the activities undertaken by the Company during the year ended March 31, 2017.

BRIEF DESCRIPTION OF THE COMPANY’S WORKING DURING THE YEAR

During the year, the company has achieved a turnover (sales, technical services and other income) of INR 7961.400 Million against INR 7052.500 Million during the previous year thus recording a positive growth rate of 13%. The Company has recorded Profit of INR 843.600 Million after tax during the year against Profit of INR 660.400 Million after tax during previous year.

The Company is committed to follow the Honeywell Global initiatives i.e. Growth, Productivity, Cash, People and Enablers.

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

Land
Buildings
Residential building
Office building
Plant and equipment
Furniture and fixtures
Vehicles
Motor vehicles
Office equipment
Computer equipments
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, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records 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	INR
US Dollar	1	INR 64.98
UK Pound	1	INR 90.95
Euro	1	INR 79.51

INFORMATION DETAILS

Information Gathered by :	SVT

Analysis Done by :	PRS

Report Prepared by :	SUJ

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.