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|
MIRA INFORM REPORT
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Report No. : |
483367 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
COMMSCOPE CONNECTIVITY INDIA PRIVATE LIMITED (w.e.f. 04.12.2017) |
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Formerly Known
As : |
TE CONNECTIVITY GLOBAL SHARED SERVICES INDIA PRIVATE LIMITED (w.e.f.
09.05.2013) ADC (INDIA) COMMUNICATIONS AND INFOTECH PRIVATE LIMITED |
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Registered
Office : |
'Gurudas Heritage', Block B, #59/2, Kadrenahalli, 100 Ft Ring Road, Banashankari
2nd Stage, Bangalore-560070, Karnataka |
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Tel. No.: |
91-80-30481502 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
30.10.2000 |
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Com. Reg. No.: |
08-028045 |
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Capital
Investment / Paid-up Capital : |
INR 6.345
Million |
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CIN No.: [Company Identification
No.] |
U32204KA2000PTC028045 |
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IEC No.: |
Not Divulged |
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GST 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.] |
AACCA9228R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Providing Shared Services in the areas of Information Technology, Finance Back Office, HR and Customer Support etc. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 5461500 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Commscope Technologies LLC, United
States” and was incorporated in the year 2000. It is a manufacturer of
connectors, cable assemblies and trading of connectors, cable assemblies,
etc.
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 01.01.2018.
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: 91-80-30481502]
LOCATIONS
|
Registered Office : |
'Gurudas Heritage', Block B, #59/2, Kadrenahalli, 100 Ft Ring Road,
Banashankari 2nd Stage, Bangalore-560070, Karnataka, India |
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Tel. No.: |
91-80-30481502 |
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Fax No.: |
91-80-30481505 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rakesh Kishore Bhanushali |
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Designation : |
Director |
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Address : |
No-14131, Prestige Shantiniketan APRT Near ITPL,
Whitefield, Bangalore-560048, Karnataka, India |
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Date of Birth/Age : |
19.06.1975 |
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Qualification : |
B.Com., CA |
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Date of Appointment : |
11.08.2015 |
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PAN No.: |
AGXPB7625F |
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DIN No.: |
07220290 |
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Name : |
Ms. Yaman Roy |
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Designation : |
Director |
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Address : |
C3, Flat No 45, Kendriya Vihar Complex VIP Road, Mondal
Ganthi, Kolkata-700052, West Bengal, India |
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Date of Birth/Age : |
31.01.1981 |
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Qualification : |
Bsc LLB Honors |
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Date of Appointment : |
10.08.2016 |
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PAN No.: |
AMJPM7021L |
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DIN No.: |
07341809 |
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Name : |
Mr. Robert Wayne Granow |
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Designation : |
Director |
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Address : |
6303 Woodleigh Oaks Dr Charlotte North Carolina 028226 Us |
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Date of Birth/Age : |
08.11.1957 |
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Qualification : |
Bachelor of Science degree in Accounting with Honors from University of Connecticut |
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Date of Appointment : |
10.08.2016 |
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DIN No.: |
07585710 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
CommScope Connectivity LLC, USA |
231902 |
18.28 |
|
CommScope Technologies LLC, Germany |
1037031 |
81.72 |
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|
|
|
|
Total |
1268933 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Providing Shared Services in the areas of Information Technology, Finance Back Office, HR and Customer Support etc. [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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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
--- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Deloitte Centre, Anchorage II, 100/2 Richmond Road, Bengaluru - 560025, Karnataka, India |
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Tel. No.: |
91-80-66276000 |
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Fax No.: |
91-80-66276013 |
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PAN No.: |
AACFD3771D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company of CommScope Connectivity
LLC [Formerly ADC Telecommunication Inc.] (upto November, 11, 2016) : |
CommScope Technologies LLC |
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Holding Company of Tyco Electronics
Singapore Pte. Ltd (with effect from November, 12, 2016 and upto January 10,
2017) : |
Tyco Electronics Group, SA Luxembourg |
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Ultimate Holding
Company of CommScopeTechnologies LLC : |
CommScope Holding Company Inc. |
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Ultimate Holding
Company of Tyco Electronics Group, SA Luxembourg : |
TE Connectivity Limited, Switzerland |
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Fellow Subsidiary companies : |
· CommScope Connectivity LLC · CommScope Connectivity Solutions · ADC India Communications Limited, India [L32209KA1988PLC009313] · Commscope Connectivity Argentina S · Commscope New Zealand Limited · CommScope Connectivity (Wuxi) Co Limited · Andrew Telecommunications India Private Limited, India [U32204GA1997PTC002452] · Tyco Electronics Singapore Pte. Limited · ADC Telecommunications |
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Other Related Parties : |
· CommScope Holding Company Inc. · TE Connectivity Limited · Tyco Electronics Group, SA Luxembourg |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 5/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1268933 |
Equity Shares |
INR 5/- each |
INR 6.345
Million |
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|
|
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 |
6.345 |
1.160 |
1.160 |
|
(b) Reserves & Surplus |
1905.186 |
117.251 |
320.272 |
|
(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) |
1911.531 |
118.411 |
321.432 |
|
|
|
|
|
|
(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 |
0.832 |
|
(d)
long-term provisions |
31.954 |
0.000 |
16.143 |
|
Total
Non-current Liabilities (3) |
31.954 |
0.000 |
16.975 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
677.262 |
5.926 |
24.701 |
|
(c)
Other current liabilities |
22.148 |
1.832 |
7.712 |
|
(d)
Short-term provisions |
25.725 |
20.919 |
25.975 |
|
Total
Current Liabilities (4) |
725.135 |
28.677 |
58.388 |
|
|
|
|
|
|
TOTAL |
2668.620 |
147.088 |
396.795 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
54.975 |
0.000 |
3.567 |
|
(ii)
Intangible Assets |
107.573 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.317 |
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) |
60.854 |
1.227 |
30.594 |
|
(d) Long-term Loan
and Advances |
155.559 |
81.226 |
124.834 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
383.278 |
82.453 |
158.995 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
564.640 |
0.000 |
0.000 |
|
(c)
Trade receivables |
710.408 |
45.848 |
50.620 |
|
(d)
Cash and cash equivalents |
887.135 |
18.487 |
147.918 |
|
(e)
Short-term loans and advances |
52.389 |
0.227 |
5.185 |
|
(f)
Other current assets |
70.770 |
0.073 |
34.077 |
|
Total
Current Assets |
2285.342 |
64.635 |
237.800 |
|
|
|
|
|
|
TOTAL |
2668.620 |
147.088 |
396.795 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4048.929 |
186.064 |
590.351 |
|
|
|
Other Income |
38.468 |
651.158 |
22.238 |
|
|
|
TOTAL |
4087.397 |
837.222 |
612.589 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1027.531 |
0.000 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
1434.851 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
37.204 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
311.985 |
126.153 |
372.893 |
|
|
|
Other expenses |
703.312 |
55.234 |
0.000 |
|
|
|
CSR Expenditure |
0.000 |
0.004 |
145.592 |
|
|
|
TOTAL |
3514.883 |
181.391 |
518.485 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
572.514 |
655.831 |
94.104 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.522 |
1.820 |
0.125 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
567.992 |
654.011 |
93.979 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
74.906 |
0.477 |
0.824 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
493.086 |
653.534 |
93.155 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
181.696 |
175.522 |
31.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
311.390 |
478.012 |
61.594 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
426.011 |
0.000 |
588.650 |
|
|
|
Agency Commission, Back office and Engineering services |
5.889 |
174.688 |
0.000 |
|
|
TOTAL EARNINGS |
431.900 |
174.688 |
588.650 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
637.169 |
0.000 |
0.000 |
|
|
|
Capital Goods |
988.834 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
1626.003 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
245.00 |
2061.00 |
266.00 |
|
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 |
1458.549 |
(5.940) |
74.920 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
855.439 |
(17.046) |
25.892 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
64.04 |
89.94 |
31.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.70 |
4.06 |
11.66 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
100.39 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.43 |
0.00 |
26.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.19 |
0.15 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.38 |
0.24 |
0.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.00 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
126.61 |
360.35 |
752.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.69 |
256.91 |
10.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.67 |
324.98 |
15.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.29 |
403.69 |
19.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.15 |
2.25 |
4.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.37 |
2.25 |
4.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.72 |
0.81 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.15 |
2.25 |
4.07 |
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 |
1.160 |
1.160 |
6.345 |
|
Reserves & Surplus |
320.272 |
117.251 |
1905.186 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
321.432 |
118.411 |
1911.531 |
|
|
|
|
|
|
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 |
590.351 |
186.064 |
4048.929 |
|
|
|
(68.482) |
2,076.095 |
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 |
590.351 |
186.064 |
4048.929 |
|
Profit/ (Loss) |
61.594 |
478.012 |
311.390 |
|
|
10.43% |
256.91% |
7.69% |
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 |
Yes |
|
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
CORPORATE INFORMATION:
TE Connectivity Global Shared Services India Private Limited (the “Company” / “TECGSSIL” / the “Transferee Company”) is a Private Limited Company incorporated under the provisions of the Companies Act, 1956.
The Board of directors of the Company and TE Connectivity India Private Limited (‘TECIL” or the “TRANSFEROR Company”) proposed to demerge the Broadband Network Solutions (BNS) business of the Transferor Company. subject to the approval of the Honorable High Court of Karnataka (the “HC”). A composite scheme of arrangement (the “Scheme”) was filed with the HC on August 4, 2015 in this regard.
The HC approved the Scheme on August 19, 2016 and a copy of the order was received by the Company on August 29, 2016.The Company filed the approved Scheme with the Registrar of Companies (RoC) on September 23, 2016 (the “Effective date”). The Appointed date for the demerger is April 1, 2015.
As per the Scheme, the BNS business has been carried on by the Transferor Company from the Appointed date till the Effective date on behalf of the Company. Pursuant to the approval of the Scheme by the HC, these financial statements have been drawn to give effect to the Scheme and consequently include the transactions and balance relating to the demerged BNS business.
REVIEW OF BUSINESS OPERATIONS
The Company was engaged in the business of providing shared services in the areas of Information Technology, Finance Back Office, HR and Customer Support etc.
As a part of an intra-group re-organisation to separate and realign the Broadband Network Solutions (BNS) business under one vertical, the Broadband Network Solutions (BNS) business was transferred from TE Connectivity India Private Limited (“Transferor Company”) and vested with the Company (“Transferee Company”) after obtaining requisite approval of theHon'ble High Court of Karnataka at Bengaluru vide its Order dated 19th August, 2016.
Pursuant to the above mentioned re-organisation via a Scheme of Arrangement, the Company has ventured into the business of providing Broadband Network Solutions business to its clients during the year ended 31st March 2017.
Accordingly, the gross total revenue of the Company from the sale of its manufactured and traded goods stood at INR 4137.419 Million. The gross total revenue from the sale of services stood at INR 31.416 Million as against INR 186.064 Million in the previous year. As a result, the Company has made a net profit of Rs.3113.90 lakhs as against a net profit of INR 478.012 Million in the previous year.
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 502/A, Ist
Main Road, 40th Cross, 8th Block, Jayanagar, Bangalore-560082, Karnataka, India
to the present address w.e.f 29.01.2007
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against company not acknowledged as debt |
98.916 |
50.570 |
FIXED ASSETS:
Tangible Assets
·
Plant and Equipment
·
Furniture and Fixtures
·
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 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 63.93 |
|
UK Pound |
1 |
INR 86.07 |
|
Euro |
1 |
INR 76.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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.