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|
MIRA INFORM REPORT
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Report No. : |
511760 |
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Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMETEK INSTRUMENTS INDIA PRIVATE LIMITED |
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Registered
Office : |
"Divyashree NR Enclave", 4th Floor, Block A, Plot No. 1, EPIP
Industrial Area, Whitefield, Bangalore – 560066, Karnataka |
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Tel. No.: |
91-80-67823200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
20.08.2008 |
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Com. Reg. No.: |
08-047509 |
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Capital
Investment / Paid-up Capital : |
INR 0.104 Million |
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CIN No.: [Company Identification
No.] |
U29200KA2008PTC047509 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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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.] |
AAHCA2869B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged inter-alia in the business of presales and marketing services and rendering technical assistance, installation and commissioning services, annual maintenance and repair services in respect of equipments, appliances, sale of spare parts and manufacturing of industrial products. [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)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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 wholly owned subsidiary of “Ametek Singapore PTE Limited, Singapore” incorporated in the year 2008 and it is having a fine track record. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its extensive experience of its promoters’ along with strong financial and managerial support from its holding entity. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing 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 (30.09.2017) |
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 |
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High Risk |
C2 |
|
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 01.06.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-80-67823200)
91-9900215723 – Not Reachable
LOCATIONS
|
Registered Office : |
"Divyashree NR Enclave", 4th Floor,Block A, Plot No. 1, EPIP
Industrial Area, Whitefield, Bangalore – 560066, Karnataka, India |
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Tel. No.: |
91-80-67823200 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Volker Dreisbach |
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Designation : |
Director |
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Address : |
G/F The Capri, HSE M-221 Tai Mong Tsai Road, Sai Kung, Kowloon, Hong
Kong |
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Date of Birth/ Age : |
29.07.1958 |
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Date of Appointment : |
29.01.2014 |
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DIN No.: |
06800879 |
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Name : |
Emanuela Speranza |
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Designation : |
Director |
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Address : |
6, Rue D Heliopolis Paris 75017, France |
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Date of Birth/ Age : |
15.12.1968 |
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Date of Appointment : |
24.07.2014 |
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DIN No.: |
06854461 |
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Other Directorship:
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Name : |
Mr. Sadananda Rajashekara Patil |
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Designation : |
Additional Director |
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Address : |
No.73, Sukruthi, 4th Cross, Central Excise Layout, Bhoopasandra,
Bangalore – 560094, Karnataka, India |
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Date of Appointment : |
13.05.2018 |
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DIN No.: |
03604040 |
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Other Directorship:
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Name : |
Mr. Nagarajan Murali |
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Designation : |
Additional Director |
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Address : |
No.134/3A-3B, Comfort Flora Apts, 401, 4th Cross, 6th Main, Near Ayyappa
Temple, Vijaya Bank Colony, Bannergha, Bangalore – 560076, Karnataka, India |
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Date of Appointment : |
28.03.2018 |
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DIN No.: |
08097931 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Ametek Singapore Pte Limited, Singapore |
10371 |
|
Emanuela Speranza |
1 |
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Total |
10372 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged inter-alia in the business of presales and marketing services and rendering technical assistance, installation and commissioning services, annual maintenance and repair services in respect of equipments, appliances, sale of spare parts and manufacturing of industrial products. [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 denied by the management |
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Bankers : |
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Auditors : |
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Name : |
S. V. Ghatalia and Associates LLP Chartered Accountants |
|
Address : |
UB City, Canberra Block,12th Floor, No.24, Vittal
Malya Road, Bengaluru- 560001, Karnataka, India |
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PAN No.: |
ACHFS9181P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
·
Ametek Singapore PTE Limited, Singapore |
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Ultimate Holding
Company : |
· Ametek Inc, USA |
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Fellow Subsidiaries
: |
· Advanced Measurement Technology Inc, USA · Ametek Aerospace & Defence Inc., USA · Ametek Airtechnology Group Limited, UK · Ametek Ameron LLC, USA · Ametek AMT, USA · Ametek Brookfield Inc, USA · Ametek Canada Limited Partnership, Canada · Ametek Coining, USA · Ametek Denmark A/S, Denmark · Ametek Fine Tubes, UK · Ametek Floor Speciality Chemicals, USA · Ametek FSM-Italy · Ametek GB Limited, UK · Ametek HAS Inc, USA · Ametek Italia S.r.l, Italy · Ametek Ortec, USA · Ametek Power Instruments, USA · Ametek Precision Instruments France Limited, France · Ametek Precision Instruments Germany Limited, Germany · Ametek Precision Instruments Italy Limited, Italy · Ametek Precitech Inc, USA · Ametek Process & Analytical Instruments Inc, USA · Ametek Programmable Power Inc, USA · Ametek Solidstate Controls Inc, USA · Ametek Surface Vision, USA · Ametek Technical & Industrial Products Inc, USA · Atlas Material Testing Technology (India) Private Limited, India · Atlas Material Testing Technology GmbH, Germany · Atlas Material Testing Technology LLC, USA · Cameca SAS, France · Chandler Instruments Company LLC, USA · Creaform Inc, Canada · Dunkermotoren GmbH, Germany · EDAX Inc, USA · EM Test (Switzerland) GmbH, Switzerland · EMA Holdings UK Limited, UK · Haydon Kerk Motion Solutions Inc, USA · HCC Interconnects, USA · Land Instruments International Limited, UK · Micro-Poise Measurement Systems LLC, USA · National Controls Corp. USA · Reichert Inc, USA · Rotron Incorporated, USA · Solatron Metrology Limited, UK · Southern AeroParts, USA · Speciality Metal Product, USA · Spectro Analytical Instruments (Asia -Pacific) Limited, Hongkong · Spectro Analytical Instruments GmbH, Germany · Taylor Hobson Limited, UK · Technical & Industrial Products Inc, USA · Technical Manufacturing Company, USA · Vehicular Instrumentation Systems, USA · Vision Research Inc, USA · VTI Instruments Corporation, USA · VTI Instruments Private Limited, India · VTI Integrated Systems Private Limited, India · Zygo Corporation, USA |
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Enterprises owned or significantly
influenced by key management Personnel : |
· Unispec Marketing Private Limited, India · Thelsa Technical Services Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10372 |
Equity Shares |
INR 10/- each |
INR 0.104 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 |
0.104 |
0.104 |
0.104 |
|
(b) Reserves & Surplus |
458.522 |
339.921 |
234.829 |
|
(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) |
458.626 |
340.025 |
234.933 |
|
|
|
|
|
|
(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 |
67.967 |
58.288 |
48.042 |
|
Total Non-current
Liabilities (3) |
67.967 |
58.288 |
48.042 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
77.376 |
54.786 |
57.206 |
|
(c) Other
current liabilities |
72.942 |
56.093 |
51.896 |
|
(d) Short-term
provisions |
31.833 |
19.272 |
8.657 |
|
Total Current
Liabilities (4) |
182.151 |
130.151 |
117.759 |
|
|
|
|
|
|
TOTAL |
708.744 |
528.464 |
400.734 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
41.098 |
38.426 |
40.176 |
|
(ii)
Intangible Assets |
11.172 |
14.724 |
12.223 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.300 |
|
(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) |
55.542 |
48.064 |
37.310 |
|
(d)
Long-term Loan and Advances |
85.171 |
66.088 |
21.886 |
|
(e) Other
Non-current assets |
124.353 |
94.996 |
45.179 |
|
Total Non-Current
Assets |
317.336 |
262.298 |
157.074 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.349 |
18.082 |
22.106 |
|
(c) Trade
receivables |
142.859 |
111.794 |
89.534 |
|
(d) Cash
and cash equivalents |
151.945 |
57.503 |
37.637 |
|
(e)
Short-term loans and advances |
34.236 |
44.167 |
49.762 |
|
(f) Other
current assets |
42.019 |
34.620 |
44.621 |
|
Total
Current Assets |
391.408 |
266.166 |
243.660 |
|
|
|
|
|
|
TOTAL |
708.744 |
528.464 |
400.734 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1130.314 |
1005.075 |
962.379 |
|
|
Other Income |
16.591 |
10.153 |
3.918 |
|
|
TOTAL |
1146.905 |
1015.228 |
966.297 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
30.806 |
19.445 |
6.049 |
|
|
Purchases of
Stock-in-Trade |
62.495 |
37.576 |
44.725 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.697 |
3.688 |
7.148 |
|
|
Employee benefit expense |
493.128 |
474.214 |
433.035 |
|
|
CSR expenditure |
0.000 |
0.000 |
1.260 |
|
|
Other expenses |
346.429 |
298.626 |
305.971 |
|
|
TOTAL |
933.555 |
833.549 |
798.188 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
213.350 |
181.679 |
168.109 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.685 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
213.350 |
181.679 |
167.424 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
31.200 |
30.308 |
34.076 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
182.150 |
151.371 |
133.348 |
|
|
|
|
|
|
|
Less |
TAX |
63.550 |
46.279 |
46.102 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
118.600 |
105.092 |
87.246 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
845.922 |
783.217 |
738.562 |
|
|
TOTAL EARNINGS |
845.922 |
783.217 |
738.562 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
17.933 |
13.950 |
3.501 |
|
|
Capital Goods |
55.067 |
23.342 |
35.159 |
|
|
TOTAL IMPORTS |
73.000 |
37.292 |
38.660 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11435.00 |
10132.00 |
8412.00 |
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
228.350 |
161.245 |
175.608 |
|
Net cash flows from (used in) operating activities |
148.724 |
91.603 |
95.601 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
46.13 |
40.60 |
33.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.91 |
8.99 |
10.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
302.70 |
350.69 |
411.24 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
10.48 |
10.05 |
7.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
4.08 |
3.42 |
3.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.26 |
0.25 |
0.29 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.40 |
0.38 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.16 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
245.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
10.49 |
10.46 |
9.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
16.73 |
19.89 |
21.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.86 |
30.91 |
37.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.15 |
2.05 |
2.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.04 |
1.91 |
1.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.65 |
0.64 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.15 |
2.05 |
2.07 |
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 |
0.104 |
0.104 |
0.104 |
|
Reserves & Surplus |
234.829 |
339.921 |
458.522 |
|
Net
worth |
234.933 |
340.025 |
458.626 |
|
|
|
|
|
|
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 |
962.379 |
1005.075 |
1130.314 |
|
|
|
4.437 |
12.461 |
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 |
962.379 |
1005.075 |
1130.314 |
|
Profit/ (Loss) |
87.246 |
105.092 |
118.600 |
|
|
9.07
% |
10.46
% |
10.49
% |
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 |
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 |
CORPORATE INFORMATION
The Company was incorporated on August 20, 2008, and is a wholly owned subsidiary of Ametek Singapore PTE Limited. The Company is engaged inter-alia in the business of presales and marketing services and rendering technical assistance, installation and commissioning services, annual maintenance and repair services in respect of equipments, appliances, sale of spare parts and manufacturing of industrial products.
PERFORMANCE REVIEW:
The Company has recorded total revenue of INR 1146.905 million as against previous year revenue of INR 1015.228 million through registering a growth rate of 12.97 %. The profit after tax for the financial year 2016-17 is INR 118.600 million as compared to previous year profit after tax of INR 105.092 million.
The Directors are making all efforts to ensure optimal operational results in coming years and achieving higher margins.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G70286703 |
100146288 |
HDFC BANK LIMITED |
26/09/2017 |
- |
- |
200000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 67.45 |
|
|
1 |
INR 89.79 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared by
: |
NKT |
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.