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|
MIRA INFORM REPORT
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Report No. : |
504049 |
|
Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DOLBY TECHNOLOGY INDIA PRIVATE LIMITED |
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|
|
Registered
Office : |
Floor 5, Building Solitaire-14, Solitaire Corporate Park, Andheri-Ghatkopar Link Road, Andheri (East) Mumbai-400093, Maharashtra |
|
Tel. No.: |
91-22-61441100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
10.06.2009 |
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Com. Reg. No.: |
11-193204 |
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Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
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|
|
CIN No.: [Company Identification
No.] |
u74900mh2009ptc193204 |
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|
IEC No.: [Import-Export Code No.] |
0209026197 |
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GSTN : [Goods & Service Tax Registration
No.] |
27AADCD1717F1Z0 |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCD1717F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business to provide co-ordination,
marketing and other technical assistance to drive the adoption of Dolby’s
broadcast technologies. The Company helps Dolby US to identify potential
customers for licensing Dolby technology, trademarks, products and services
such as Local administrative support accounting services, etc. The company
also provides services related to preparation of Dolby soundtracks and other
related services to motion pictures and distribution companies. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2009. It is a wholly owned subsidiary company of “Dolby Laboratories India Private Limited” and “Dolby Laboratories Inc., USA is an ultimate holding company of the subject.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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
31-03-2016.
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 18.04.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-66934500]
[91-22-61441100 is not working]
LOCATIONS
|
Registered Office : |
Floor 5, Building Solitaire-14, Solitaire Corporate Park, Andheri-Ghatkopar Link Road, Andheri (East) Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Mumbai Office : |
S14, 5th Floor, 167, Guru Hargovindji Marg, Chakala,
Andheri (E), Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-66934500 |
|
Fax No.: |
91-22-67088099 |
|
|
|
|
Noida Office : |
Regus. Level 5, S.B Tower, 1A/1, Sector 16A, Film City, Noida-201301,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4804958 |
|
|
|
|
Chennai
Office : |
Regus Shyamala Gardens, 3rd Floor, Shyamala Tower, No.136, Arcot Road,
Saligramam, Chennai – 600 093, Tamilnadu, India |
|
Tel. No.: |
91-44-66864417 |
|
Fax No.: |
91-44-66864567 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Alan Richard Sankin |
|
Designation : |
Director |
|
Address : |
10 Owlswood Road Tiburon 94920 US |
|
Date of Birth/Age : |
30.04.1950 |
|
Date of Appointment : |
01.02.2010 |
|
DIN No.: |
02645338 |
|
|
|
|
Name : |
Mr. Raj Ramabhau Vartak |
|
Designation : |
Director |
|
Address : |
Flat 1201, 12th Floor, Saffaron, IC Colony, Holy Cross Road, Near Shubhjeevan Circle, Borivali (West), Mumbai-400103, Maharashtra, India |
|
Date of Birth/Age : |
06.09.1970 |
|
Date of Appointment : |
11.09.2014 |
|
DIN No.: |
06957152 |
|
|
|
|
Name : |
Mr. Ryan Howard Nicholson |
|
Designation : |
Director |
|
Address : |
1581 Hill Avenue California San Jose 95125 US |
|
Date of Appointment : |
24.09.2015 |
|
DIN No.: |
07298376 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 07.12.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Dolby Laboratories India Private Limited |
9999 |
99.99 |
|
Dolby Laboratories Hong Kong Limited |
1 |
0.01 |
|
|
|
|
|
Total |
10000 |
100.00 |
AS ON: 07.12.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business to provide co-ordination,
marketing and other technical assistance to drive the adoption of Dolby’s broadcast
technologies. The Company helps Dolby US to identify potential customers for
licensing Dolby technology, trademarks, products and services such as Local
administrative support accounting services, etc. The company also provides
services related to preparation of Dolby soundtracks and other related
services to motion pictures and distribution companies. (Registered
Activity) |
||||
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Products/ Services : |
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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 : |
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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Auditors : |
|
|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N. M. Joshi Marg,
Mahalaxmi, Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-43455300 |
|
Fax No.: |
91-22-43455399 |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
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|
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|
Memberships : |
Not Available |
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|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Dolby Laboratories India Private Limited
[U74999MH2014FTC259697] |
|
|
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|
Ultimate Holding Company : |
Dolby Laboratories Inc. |
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|
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|
Holding Company of Dolby Laboratories India Private Limited : |
Dolby Singapore Pte Limited |
|
|
|
|
Fellow Subsidiaries : |
·
Dolby
Laboratories International Services Inc. ·
Dolby
International AB |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
109.177 |
88.327 |
68.419 |
|
(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) |
109.277 |
88.427 |
68.519 |
|
|
|
|
|
|
(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 |
1.202 |
2.347 |
1.298 |
|
(d)
long-term provisions |
17.016 |
12.268 |
8.760 |
|
Total
Non-current Liabilities (3) |
18.218 |
14.615 |
10.058 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
18.201 |
13.605 |
10.343 |
|
(c)
Other current liabilities |
101.582 |
95.975 |
138.691 |
|
(d)
Short-term provisions |
3.205 |
2.935 |
11.583 |
|
Total
Current Liabilities (4) |
122.988 |
112.515 |
160.617 |
|
|
|
|
|
|
TOTAL |
250.483 |
215.557 |
239.194 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
88.090 |
106.712 |
127.815 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
21.289 |
13.417 |
6.294 |
|
(d) Long-term Loan
and Advances |
25.221 |
23.283 |
24.545 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
134.600 |
143.412 |
158.654 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.296 |
0.296 |
0.300 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
81.479 |
42.633 |
63.470 |
|
(e)
Short-term loans and advances |
32.178 |
27.854 |
16.770 |
|
(f)
Other current assets |
1.930 |
1.362 |
0.000 |
|
Total
Current Assets |
115.883 |
72.145 |
80.540 |
|
|
|
|
|
|
TOTAL |
250.483 |
215.557 |
239.194 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
260.965 |
256.973 |
267.451 |
|
|
|
Other Income |
0.422 |
1.212 |
0.806 |
|
|
|
TOTAL |
261.387 |
258.185 |
268.257 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
106.544 |
92.120 |
95.143 |
|
|
|
Other expenses |
100.227 |
111.989 |
121.692 |
|
|
|
TOTAL |
206.771 |
204.109 |
216.835 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
54.616 |
54.076 |
51.422 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.028 |
1.472 |
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
54.588 |
52.604 |
51.396 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
39.342 |
36.009 |
26.597 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.246 |
16.595 |
24.799 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.809 |
11.144 |
14.969 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.437 |
5.451 |
9.830 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Management services income |
258.886 |
255.006 |
258.256 |
|
|
TOTAL EARNINGS |
258.886 |
255.006 |
258.256 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of property plant and equipments and consumables |
10.982 |
6.270 |
22.932 |
|
|
TOTAL IMPORTS |
10.982 |
6.270 |
22.932 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
443.74 |
545.12 |
983.02 |
|
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 |
|
|
|
|
|
|
Cash generated from operating activities |
82.145 |
24.133 |
77.308 |
|
|
|
|
|
|
Net Cash (used in)/ generated from operating activities |
61.198 |
(0.364) |
72.056 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
NA |
NA |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
184.51 |
182.69 |
171.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.62 |
0.51 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.52 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.13 |
1.27 |
2.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.81 |
1.21 |
1.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1950.57 |
36.74 |
1977.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.70 |
2.12 |
3.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.77 |
2.53 |
4.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.06 |
6.16 |
14.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.94 |
0.64 |
0.50 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
0.64 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.41 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.94 |
0.64 |
0.50 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
68.419 |
88.327 |
109.177 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
68.519 |
88.427 |
109.277 |
|
|
|
|
|
|
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 |
267.451 |
256.973 |
260.965 |
|
|
|
-3.918 |
1.553 |
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 |
267.451 |
256.973 |
260.965 |
|
Profit |
9.830 |
5.451 |
4.437 |
|
|
3.68% |
2.12% |
1.70% |
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
OPERATIONS
The business of the Company is to work with customers to
provide coordination, marketing and other technical assistance to drive the adoption
of Dolby's broadcast technologies. The Company helps Dolby US to coordinate
with potential customers for licensing Dolby technology and trademarks. The
Company provides services related to preparation of Dolby soundtracks and
related services to motion pictures and distribution companies.
BACKGROUND
Subject (the company) was incorporated as a private limited company
under the companies Act, 1956 on 10 June, 2009. The main business of the
Company is to provide co-ordination, marketing and other technical assistance
to drive the adoption of Dolby’s broadcast technologies. The Company helps
Dolby US to identify potential customers for licensing Dolby technology,
trademarks, products and services such as Local administrative support
accounting services, etc. The company also provides services related to
preparation of Dolby soundtracks and other related services to motion pictures
and distribution companies.
Since the incorporation of the Company, Dolby Laboratories Inc. and its affiliates exercised significant influence over the operating policy decisions of the Company. Further with effect from 1 February 2010, Dolby Laboratories Inc. established control over the composition of the Board of directors and hence is the holding company of the Company.
FIXED ASSETS:
· Computers
· Office Equipments
· Plant and Machinery
· Furniture and Fixture
· Leasehold Improvement
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 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 65.61 |
|
UK Pound |
1 |
INR 94.21 |
|
Euro |
1 |
INR 81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.