|
|
|
MIRA INFORM REPORT
|
Report No. : |
484900 |
|
Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
LEYBOLD INDIA PRIVATE LIMITED (w.e.f. 07.11.2016) |
|
|
|
|
Formerly Known
As : |
OERLIKON
LEYBOLD VACUUM INDIA PRIVATE LIMITED (w.e.f. 29.01.2007) LEYBOLD
VACUUM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.82(P), 4th Phase KIADB, Bommasandra Industrial Area, Bangalore –
560099, Karnataka |
|
Tel. No.: |
91-80-27839925 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
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|
Date of
Incorporation : |
17.01.2005 |
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|
|
|
Com. Reg. No.: |
08-093955 |
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|
Capital
Investment / Paid-up Capital : |
INR 2.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U29120KA2005PTC093955 |
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|
IEC 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.] |
AABCL0684M |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
(Registered Activity) |
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Leybold GmbH” and was incorporated in the
year 2005. It is engaged into manufacturing of general purpose machinery. For the financial year 2017, the company has achieved revenue growth
of 19.64% as compared to the previous year along with a fair profit margin of
8.10%. The satisfactory financial risk profile of the company is marked by
improving networth base along with debt free balance sheet profile and
adequate cash balance. Rating takes into consideration the subject’s healthy Earnings Per
Share of INR 61.93 against the Face Value of INR 10. Rating also takes into account the strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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 08.01.2018
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 DENIED BY
|
Name : |
Mr. Navin Mule |
|
Designation : |
Regional Manager |
|
Contact No.: |
91-7410013551 |
|
Date : |
08.01.2018 |
LOCATIONS
|
Registered Office : |
No.82(P), 4th Phase KIADB, Bommasandra Industrial Area, Bangalore –
560099, Karnataka |
|
Tel. No.: |
91-80-27839925 |
|
Mobile No.: |
91-7410013551 (Mr. Navin Mule) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
Sales Office : |
T-97/2, MIDC Bhosari, Pune-411 026, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ravindranath Parnandi |
||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Door No.177, 4th Main Road, Nrupatunga Nagar, J P Nagar, 7th Phase, Bangalore – 560076, Karnataka, India |
||||||||||||||||
|
Date of Appointment : |
16.01.2015 |
||||||||||||||||
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DIN No.: |
02587183 |
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||||||||||||||||
|
Name : |
Giovanni Valent |
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|
Designation : |
Director |
||||||||||||||||
|
Address : |
Via Lorenzo Mascheroni, 25 MILANO 20145 IT |
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|
Date of Appointment : |
30.09.2017 |
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|
DIN No.: |
07207866 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Navin Mule |
|
Designation : |
Regional Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Leybold GmbH, Germany |
|
199999 |
|
Ravindranath Parnandi |
|
1 |
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
99.9995 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
0.0005 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
(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 : |
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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||||||||||||||||||||||
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore –
560052, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Holding Company : |
Leybold GmbH, Germany (formerly known as Oerlikon Levhold Vacuum GmbH) |
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|
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|
Entities under common control : |
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CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 10/- each |
INR 2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 10/- each |
INR 2.000 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 |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
79.978 |
67.591 |
69.323 |
|
(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) |
81.978 |
69.591 |
71.323 |
|
|
|
|
|
|
(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 |
4.286 |
3.852 |
0.983 |
|
Total Non-current
Liabilities (3) |
4.286 |
3.852 |
0.983 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
26.004 |
44.787 |
10.784 |
|
(c) Other
current liabilities |
3.799 |
2.571 |
6.592 |
|
(d) Short-term
provisions |
2.226 |
0.172 |
7.777 |
|
Total Current
Liabilities (4) |
32.029 |
47.530 |
25.153 |
|
|
|
|
|
|
TOTAL |
118.293 |
120.973 |
97.459 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.789 |
14.490 |
13.511 |
|
(ii)
Intangible Assets |
0.171 |
0.098 |
0.143 |
|
(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) |
9.641 |
10.486 |
4.739 |
|
(d)
Long-term Loan and Advances |
5.092 |
13.818 |
8.332 |
|
(e) Other
Non-current assets |
0.000 |
6.249 |
0.000 |
|
Total Non-Current
Assets |
25.693 |
45.141 |
26.725 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
30.352 |
20.006 |
11.816 |
|
(c) Trade
receivables |
15.672 |
34.040 |
27.980 |
|
(d) Cash
and cash equivalents |
42.015 |
19.691 |
25.062 |
|
(e) Short-term
loans and advances |
1.580 |
0.553 |
5.437 |
|
(f) Other
current assets |
2.981 |
1.542 |
0.439 |
|
Total
Current Assets |
92.600 |
75.832 |
70.734 |
|
|
|
|
|
|
TOTAL |
118.293 |
120.973 |
97.459 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
152.939 |
127.832 |
98.218 |
|
|
Other Income |
3.782 |
1.705 |
4.971 |
|
|
TOTAL |
156.721 |
129.537 |
103.189 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
55.114 |
61.160 |
28.426 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.347) |
(8.190) |
6.674 |
|
|
Employees benefits expense |
39.547 |
33.243 |
21.169 |
|
|
Other expenses |
42.462 |
44.640 |
38.458 |
|
|
TOTAL |
126.776 |
130.853 |
94.727 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
29.945 |
(1.316) |
8.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.278 |
1.147 |
0.598 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
26.667 |
(2.463) |
7.864 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.560 |
3.112 |
4.174 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
23.107 |
(5.575) |
3.690 |
|
|
|
|
|
|
|
Less |
TAX |
10.720 |
(3.843) |
2.650 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
12.387 |
(1.732) |
1.040 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Commission Income |
61.971 |
35.541 |
27.866 |
|
|
TOTAL EARNINGS |
61.971 |
35.541 |
27.866 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase of traded goods |
52.371 |
53.773 |
19.940 |
|
|
Capital Goods |
0.272 |
1.337 |
0.497 |
|
|
TOTAL IMPORTS |
52.643 |
55.110 |
20.437 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
61.93 |
(8.66) |
5.20 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.202 |
|
Cash generated from operations |
22.370 |
10.396 |
3.578 |
|
Net cash flow from operating activity |
17.117 |
5.285 |
(3.763) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
37.40 |
97.19 |
103.98 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
9.76 |
3.76 |
3.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
172.22 |
267.29 |
138.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.99 |
(0.07) |
0.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.73 |
(0.09) |
0.62 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.39 |
0.26 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.39 |
0.68 |
0.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.21 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.14 |
(1.15) |
14.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
8.10 |
(1.35) |
1.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.47 |
(1.43) |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.11 |
(2.49) |
1.46 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.89 |
1.60 |
2.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.94 |
1.17 |
2.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.69 |
0.58 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.89 |
1.60 |
2.81 |
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 |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
69.323 |
67.591 |
79.978 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
71.323 |
69.591 |
81.978 |
|
|
|
|
|
|
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 |
98.218 |
127.832 |
152.939 |
|
|
|
30.151 |
19.641 |
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 |
98.218 |
127.832 |
152.939 |
|
Profit/(Loss) |
1.040 |
(1.732) |
12.387 |
|
|
1.06% |
(1.35%) |
8.10% |
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 |
No |
|
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 |
BACKGROUND AND
NATURE OF OPERATIONS
The company was incorporated on 17th January 2005. The company is a 100%
subsidiary of Leybold GmbH (formerly known as Oerlikon Leybold Vacuum GmbH), Germany. The main
objects to be pursued by the company is to carry on business of development and
sales of vacuum products, especially vacuum pumps, vacuum systems and pump
systems components, measuring and analytical devices and gauges as well as
engineering and after sales services in the field of vacuum technology. The
company has a service centre and calibration facility in Bangalore and a
service centre at Pune. The company is also engaged in trading of spares and
consumables for the above products.
PERFORMANCE OF THE
COMPANY DURING THE YEAR
The company has made profits during the year under consideration. The
management has taken into consideration the various steps for structuring the
business more efficiently. The revenue of the company during the year is INR
156.721 Million (Previous year is INR 129.537 Million) with a profit/ (loss)
after tax of INR 12.387 Million (Previous year is INR 1.732 Million).
STATE OF COMPANY’S
AFFAIRS
The company is making steady progress in its line of operations. The
works at Bangalore has enhanced facilities during the year. The company is also
focusing on creating more and better infrastructure to handle the sales and
after sales activity which it proposes as a future outlook.
FUTURE OUTLOOK
There are plans of improving sales/ after sales infrastructure which
will give boost to the sales revenue and the company expects a growth of 10 to
12% in its business in the year 2017.
SHIFTING OF REGISTERED
OFFICE FROM PUNE TO KARNATAKA
The Company has presented an application under Section 13(4) of the
Companies Act, 2013 to the Regional Director (WR), Mumbai for confirmation of
alteration of the registered office clause of the Memorandum of Association of
the Company so as to change the place of registered office from state of
Maharashtra to State of Karnataka as approved by the Special resolution passed
in the Extra Ordinary General Meeting held on 25.01.2016.
The Regional Director (WR), Mumbai, has passed an order dated 11th May,
2016 approving the shofting of registered office from State of Maharashtra to
State of Karnataka.
INDEX
OF CHARGES
No Charges Exists for Company
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees given by bankers on behalf of the company* |
1.271 |
3.842 |
|
Bonus (F.Y. 2014-15) |
0.161 |
0.161 |
NOTE: *Bank guarantee given on behalf of Oerlikon Leybold Vacuum GmbH, Germany to various ustomers as a performance guarantee.
FIXED ASSETS
Tangible
- Computers
- Service Equipments
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Software and Licenses
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
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.