|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494408 |
|
Report Date : |
28.02.2018 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
BOEING INTERNATIONAL CORPORATION INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, DLF Centre, Sansad Marg, New Delhi - 110001 |
|
Tel. No.: |
91-11-46566000 |
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|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.12.2003 |
|
|
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|
Com. Reg. No.: |
55-123398 |
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Capital
Investment / Paid-up Capital : |
INR 96.124 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2003PTC123398 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration 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.] |
AACCB3303J |
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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 providing business development, advisory and other support services in relation to commercial operations, which, inter-alia, includes field service support, aircraft on ground services, advisory services for industrial participation, engineering, design services, supplier management support, research and technology coordination, marketing and administrative support services contract research and technology services, construction services and information technology support services to The Boeing Company. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information denied 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 |
|
Maximum Credit Limit : |
USD 7800000 |
|
|
|
|
Status : |
Excellent |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a step-down subsidiary of “Boeing International
Corporation” based in USA and it was incorporated in the year 2003. As per financials of march 2017, the company has registered decline in
its revenue as compared to its previous year’s revenue and has reported good
profit margin of 8.04%. Rating takes into consideration the company’s established track record
of business operations marked by healthy financial risk profile along with
debt free balance sheet and good liquidity position. Rating also take into account the strong financial and managerial
support received from its holding entity and well experienced management
team. Further, the company has reported a good earnings per share of INR
32.51 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered good for business
dealings at normal 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
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
31-03-2016.
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 28.02.2018
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 BY
|
Name : |
Mr. Rahul |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-46566000 |
|
Date : |
26.02.2018 |
(91-11-46566000) – Number is ringing
LOCATIONS
|
Registered Office : |
3rd Floor, DLF Centre, Sansad Marg, New Delhi – 110001,
India |
|
Tel. No.: |
91-11-46566000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
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Website : |
|
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|
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Branch : |
RMZ Infinity, Tower D, 5th Floor, Old Madras Road,
Bangalore – 560016, Karnataka, India |
|
Tel. No.: |
91-80-42636000 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pratyush Kumar |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
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Address : |
16 Hailey Road, New Delhi – 110001, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
05.02.1966 |
||||||||||||||||||||||||
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Date of Appointment : |
11.02.2013 |
||||||||||||||||||||||||
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DIN No.: |
01959285 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Akhil Prasad |
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|
Designation : |
Director |
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|
Address : |
Apartment No. F 702, La Lagune Sector 54, Gurugram - 122002, Haryana, India |
||||||||||||||||||||||||
|
Date of Appointment : |
23.05.2017 |
||||||||||||||||||||||||
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DIN No.: |
02611047 |
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Other Directorship:
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|
||||||||||||||||||||||||
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Name : |
Mr. Shalini Grover |
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Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
B-53, Friends Colony West, New Delhi – 110065, India |
||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2016 |
||||||||||||||||||||||||
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DIN No.: |
07047664 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Jai Jinendra Jain |
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Designation : |
Director |
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|
Address : |
A-31/1, DDA SFS Flats Saket, Delhi – 110017, India |
||||||||||||||||||||||||
|
Date of Appointment : |
23.05.2017 |
||||||||||||||||||||||||
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DIN No.: |
07148668 |
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Other Directorship:
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|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Name : |
Mr. Terrence Joseph Elmendorf |
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Designation : |
Director |
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|
Address : |
26 Huntington Parkway, St. Charles Missouri 63301 Us |
||||||||||||||||||||||||
|
Date of Appointment : |
12.01.2016 |
||||||||||||||||||||||||
|
DIN No.: |
07396710 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Name : |
Mr. Ankur Deepak Kanaglekar |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
House No. 326, Dearwood Chase, Nirwana Country Phase 2,
South City, Sector 50, Gurugram – 122018, Haryana, India |
||||||||||||||||||||||||
|
Date of Appointment : |
09.02.2017 |
||||||||||||||||||||||||
|
DIN No.: |
07498521 |
||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Akhil Prasad |
|
Designation : |
Company Secretary |
|
Address : |
Apartment No. F 702, La Lagune Sector 54, Gurugram –
122018, Haryana, India |
|
Date of Appointment : |
01.10.2013 |
|
PAN No.: |
AARPP9014C |
|
|
|
|
Name : |
Mr. Rahul |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Boeing International Corporation, |
3488584 |
|
Boeing Operations International, Incorporated USA |
19500 |
|
The Boeing Company, USA |
1025030 |
|
Boeing Cyprus Holdings Limited, Cyprus |
5079289 |
|
Total |
9612403 |
Equity Share Break up (Percentage of Total Equity)
AS ON 13.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of providing business development, advisory and other support services in relation to commercial operations, which, inter-alia, includes field service support, aircraft on ground services, advisory services for industrial participation, engineering, design services, supplier management support, research and technology coordination, marketing and administrative support services contract research and technology services, construction services and information technology support services to The Boeing Company. (Registered Activity) |
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Products / Services
: |
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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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber Citi Complex,
DLF City Phase – ll, Gurgaon – 12202, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD2095B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
· Boeing Cyprus Holdings Limited |
|
|
|
|
Ultimate Holding Company: |
· The Boeing Company, USA |
|
|
|
|
Fellow Subsidiary
company: |
· Narus Networks Private Limited · [U64203KA2006PTC039098] · Jeppesen Systems AB · Jeppesen Australia Pty Limited · Boeing United Kingdom Limited · Boeing Operations International Inc. · Boeing Korea LLC · Boeing India Defense Private Limited · [U74999DL2014FTC271354] · Boeing Aerospace Operations Inc · Boeing International Corporation · Aviall Services Inc. |
CAPITAL STRUCTURE
AS ON 13.09.2017
Authorised Capital : INR 500.000 Million
Issued, Subscribed & Paid-up Capital :INR 106.374
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9612403 |
Equity Shares |
INR 10/- each |
INR 96.124 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
96.124 |
96.124 |
96.124 |
|
(b) Reserves & Surplus |
2617.235 |
2304.743 |
1983.757 |
|
(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) |
2713.359 |
2400.867 |
2079.881 |
|
|
|
|
|
|
(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 |
135.992 |
58.592 |
41.307 |
|
Total Non-current
Liabilities (3) |
135.992 |
58.592 |
41.307 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
481.169 |
643.377 |
746.165 |
|
(c) Other current
liabilities |
296.711 |
100.206 |
110.079 |
|
(d) Short-term provisions |
5.762 |
2.820 |
47.303 |
|
Total Current Liabilities
(4) |
783.642 |
746.403 |
903.547 |
|
|
|
|
|
|
TOTAL |
3632.993 |
3205.862 |
3024.735 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
811.935 |
176.009 |
70.280 |
|
(ii) Intangible Assets |
11.295 |
7.275 |
1.575 |
|
(iii) Capital
work-in-progress |
115.584 |
1.143 |
26.864 |
|
(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) |
75.726 |
52.487 |
57.853 |
|
(d) Long-term Loan and Advances |
370.823 |
194.107 |
109.699 |
|
(e) Other Non-current
assets |
0.075 |
0.075 |
0.075 |
|
Total Non-Current Assets |
1385.438 |
431.096 |
266.346 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
460.954 |
564.818 |
223.506 |
|
(d) Cash and cash
equivalents |
929.620 |
1114.456 |
1331.894 |
|
(e) Short-term loans and
advances |
111.335 |
259.351 |
466.589 |
|
(f) Other current assets |
745.646 |
836.141 |
736.400 |
|
Total Current Assets |
2247.555 |
2774.766 |
2758.389 |
|
|
|
|
|
|
TOTAL |
3632.993 |
3205.862 |
3024.735 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3885.835 |
4644.256 |
3493.869 |
|
|
Other Income |
38.879 |
47.653 |
16.162 |
|
|
TOTAL |
3924.714 |
4691.909 |
3510.031 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
1220.699 |
1187.990 |
767.541 |
|
|
CSR expenses |
12.209 |
12.242 |
8.767 |
|
|
Other expenses |
2077.584 |
2921.796 |
2345.393 |
|
|
TOTAL |
3310.492 |
4122.028 |
3121.701 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
614.222 |
569.881 |
388.330 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.625 |
10.395 |
2.153 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
610.597 |
559.486 |
386.177 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
124.942 |
53.761 |
24.132 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
485.655 |
505.725 |
362.045 |
|
|
|
|
|
|
|
Less |
TAX |
173.163 |
184.739 |
(324.204) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
312.492 |
320.986 |
686.249 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3794.537 |
4551.219 |
4126.003 |
|
|
TOTAL EARNINGS |
3794.537 |
4551.219 |
4126.003 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
224.479 |
5.258 |
1.819 |
|
|
TOTAL IMPORTS |
224.479 |
5.258 |
1.819 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
32.51 |
33.39 |
71.39 |
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 operations |
686.103 |
193.562 |
(393.053) |
|
Net cash flows from (used in) operations |
388.920 |
(105.111) |
(676.160) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
43.30 |
44.39 |
23.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.43 |
8.22 |
15.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.65 |
3.09 |
3.93 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.22 |
0.23 |
0.30 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.29 |
0.31 |
0.43 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.08 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
169.44 |
54.82 |
180.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.04 |
6.91 |
19.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.60 |
10.01 |
22.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.52 |
13.37 |
32.99 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
2.87 |
3.72 |
3.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.87 |
3.72 |
3.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.75 |
0.75 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.87 |
3.72 |
3.05 |
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 |
96.124 |
96.124 |
96.124 |
|
Reserves & Surplus |
1983.757 |
2304.743 |
2617.235 |
|
Net worth |
2079.881 |
2400.867 |
2713.359 |
|
|
|
|
|
|
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 |
3493.869 |
4644.256 |
3885.835 |
|
|
|
32.926 |
(16.330) |
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 |
3493.869 |
4644.256 |
3885.835 |
|
Profit/(Loss) |
686.249 |
320.986 |
312.492 |
|
|
19.64% |
6.91% |
8.04% |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office
of the company has been shifted from “612, Antriksh bhawan, 22 Kasturbha Gandhi
Marg, New Delhi – 110001, India” to the present address w.e.f.30.01.2004
BACKGROUND
The company was incorporated on 8 December, 2003. The Company is a subsidiary of Boeing Cyprus Holdings Limited, Cyprus which in turn is a subsidiary of “The Boeing Company” (TBC), USA. The Company has been formed to provide market information and knowledge support services to the “The Boeing Company” (TBC), USA, the ultimate holding Company, and its subsidiaries on a cost plus basis and has been doing so since its incorporation.
BICIPL has entered into a contract with TBC for construction of beddown infrastructure hanger and fleet management facility for the Indian Air Force at one of its airbases. This contract requires the Company to carry out the construction of the project on a Principal to Principal basis. The Company has engaged sub-contractors to carry out the construction activity and is responsible for supervision and coordination of the project including the work of subcontractors. The Company is entitled to a margin based on costs incurred on the project. During the Year ,BICIPL has entered into a contract with a customer for leasing a landing gear to the customer which has been purchased by the Company during the year from it’s ultimate holding Company. The company is entitled to a revenue based on the fixed price over the life of the contract as agreed with the customer.
INDEX OF CHARGE: No Charges Exists for Company
FIXED ASSETS:
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Other Equipments
- Computer software
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 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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.