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|
MIRA INFORM REPORT
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Report No. : |
515460 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
BOMBARDIER TRANSPORTATION INDIA PRIVATE LIMITED (w.e.f.
24.02.2014) |
|
|
|
|
Formerly Known
As : |
BOMBARDIER TRANSPORTATION INDIA LIMITED (w.e.f. 02.07.2001) DAIMLER CHRYSLER RAIL SYATEMS (INDIA) LIMITED (w.e.f. 22.07.1999) ABB DAIMLER-BENZ TRANSPORTATION (INDIA) LIMITED |
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Registered
Office : |
Asset No. 2, 3rd Floor, Novotel-Pullman Commercial Tower,
Aero City, Delhi International Airport, New Delhi – 110037 |
|
Tel. No.: |
91-11-30024700 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
27.12.1995 |
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Capital
Investment / Paid-up Capital : |
INR 1512.000 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC074938 |
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IEC No.: [Import-Export Code No.] |
0596033117 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACA5584C1ZX (Delhi) 27AAACA5584C1ZV (Maharashtra) 24AAACA5584C1Z1 (Gujarat) 33AAACA5584C1Z2 (Tamilnadu) 06AAACA5584C1ZZ (Haryana) |
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PAN No.: [Permanent Account No.] |
AAACA5584C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of railway / tramway wagons and coaches and
other railroad equipment.
[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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 8610000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Bombardier Transportation (Holdings) Singapore Pte Limited, Singapore”. The company was incorporated in the year 1995. It is engaged in manufacturing of Railway/ Tramway Wagons and Coaches and other Railway Equipments. As per the financial records 2017, the company has achieved 38.85%
growth in its revenue as compared to the previous year revenue and has
maintained decent profitability margin of 7.71% during the year under review. The satisfactory financial profile of the company is marked by
comfortable networth base along with negligible debt balance sheet profile. The rating takes into consideration the subject’s long established
track record of the business operations along with extensive experience of
its promoters. The rating also takes into consideration financial and managerial
support that the company receives from its holding entity backed by its well
experienced management team. Business is active. Payment seems 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
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 22.06.2018.
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 (Tel. No.:91-2667-665210)
Tel. No.: 91-2667-665100 (Not working)
Tel. No.: 91-265-2353068 (incorrect number)
LOCATIONS
|
Registered Office : |
Asset No. 2, 3rd Floor, Novotel-Pullman Commercial Tower,
Aero City, Delhi International Airport, New Delhi – 110037, India |
|
Tel. No.: |
91-11-30024700 |
|
Fax No.: |
91-11-30024800 |
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E-Mail : |
mukesh_agarwal3@rediffmail.com virender.p.jain@in.transport.bombardier.com |
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Website : |
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|
|
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Factory 1: |
Plot No. 724, GIDC Industrial Estate, Phase III, Savli, Vadodara – 391775, Gujarat, India |
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Factory 2 : |
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Tel. No.: |
91-265-2648761/ 762/ 2638953 |
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Fax No.: |
91-265-2649669/ 2638951 |
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Factory 3 : |
4/9/11 Floor, Tower B, DLF Cyber Greens, DLF Cyber City, Gurugram – 122002, Haryana, India |
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Marketing Office : |
Located at :
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sudhir Puskur Rao |
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Designation : |
Managing Director |
|
Address : |
Flat No. 101, Windmere, Plot No.12, C.S.No. 492, Cuffe Parade, Mumbai -400005, Maharashtra, India |
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Date of Appointment : |
08.12.2017 |
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DIN No.: |
00399736 |
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|
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Name : |
Mr. Sathyamurthy |
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Designation : |
Wholetime Director |
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Address : |
5, Vallalara Street, Gandhi Nagar, Avadi, Chennai – 600054, Tamilnadu, India |
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Date of Birth/Age : |
25.10.1969 |
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Qualification : |
B.E, Diploma Project Management, ME, Executive General Management Program |
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Date of Appointment : |
01.02.2017 |
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DIN No.: |
07582708 |
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|
|
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Name : |
Mr. Tim Wolffgramm |
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Designation : |
Director |
|
Address : |
14193, Berlin, Franzensbader, STR. 3, Berlin – 14193, DE |
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Date of Birth/Age : |
08.05.1972 |
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Qualification : |
Lawyer |
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Date of Appointment : |
01.02.2017 |
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DIN No.: |
07652106 |
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|
|
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Name : |
Mr. Rajeev Prafulchandra Joisar |
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Designation : |
Additional Director |
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Address : |
203, Jupiter Vicenza Magnolia, Behind Narayan Garden, Gotri, Vadodara-390021, Gujarat, India |
|
Date of Appointment : |
08.12.2017 |
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DIN No.: |
07983712 |
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|
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Name : |
Ms. Rasmi Ranjan Ray |
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Designation : |
Additional Director |
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Address : |
C-15, Agora Block, Golf Course Extn. Road, Tata Raisina Residency, Sector-59 Gurugram-122001, Haryana, India |
|
Date of Appointment : |
08.12.2017 |
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DIN No.: |
07983720 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Maharishi |
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Designation : |
Company Secretary |
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Address : |
Emaar Manufacturing Land Private Limited, ECE House 28, Kasturba Vandhi Marg, New Delhi-110001, India |
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Date of Appointment : |
01.12.2013 |
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PAN No.: |
ANSPM2857Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Bombardier Transportation (Holdings) Singapore Pte Limited |
151200107 |
|
Bombardier Transportation Global Holding SE |
7 |
|
Total |
151200114 |
AS ON 14.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of railway / tramway wagons and coaches and
other railroad equipment.
[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.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
Golf View Corporate, Tower-B, Sector-42, Sector Road,
Gurugram - 122002, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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Holding Company : |
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Fellow Subsidiary Company : |
CIN No. U62100DL2008FTC180910
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CAPITAL STRUCTURE
AS ON 14.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360000000 |
Equity Shares |
INR 10/- each |
INR 3600.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
151200114 |
Equity Shares |
INR 10/- each |
INR 1512.000 Million |
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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 |
1512.000 |
1512.000 |
1512.000 |
|
(b) Reserves and Surplus |
1501.330 |
58.590 |
(921.250) |
|
(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) |
3013.330 |
1570.590 |
590.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
1327.730 |
1252.520 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
7.780 |
8.080 |
120.860 |
|
(d) long-term
provisions |
153.160 |
42.370 |
53.770 |
|
Total Non-current
Liabilities (3) |
160.940 |
1378.180 |
1427.150 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
1298.150 |
0.000 |
0.000 |
|
(b) Trade
payables |
3656.220 |
4670.300 |
1804.700 |
|
(c) Other
current liabilities |
12489.900 |
9085.230 |
5391.990 |
|
(d) Short-term
provisions |
684.690 |
606.400 |
466.780 |
|
Total Current
Liabilities (4) |
18128.960 |
14361.930 |
7663.470 |
|
|
|
|
|
|
TOTAL |
21303.230 |
17310.700 |
9681.370 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1227.340 |
1349.650 |
1423.670 |
|
(ii) Intangible
Assets |
2.490 |
3.120 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
201.600 |
90.090 |
81.600 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
2731.840 |
2171.790 |
2318.670 |
|
(e) Other
Non-current assets |
1481.890 |
263.200 |
20.260 |
|
Total Non-Current
Assets |
5645.160 |
3877.850 |
3844.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
10902.860 |
7619.860 |
3291.840 |
|
(c) Trade receivables |
1122.130 |
1783.710 |
649.190 |
|
(d) Cash and bank balances |
1056.470 |
995.160 |
750.500 |
|
(e) Short-term loans and advances |
2066.780 |
2793.090 |
967.640 |
|
(f) Other current assets |
509.830 |
241.030 |
178.000 |
|
Total
Current Assets |
15658.070 |
13432.850 |
5837.170 |
|
|
|
|
|
|
TOTAL |
21303.230 |
17310.700 |
9681.370 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
18711.620 |
13475.570 |
5076.870 |
|
|
Other Income |
779.470 |
1192.860 |
964.980 |
|
|
TOTAL |
19491.090 |
14668.430 |
6041.850 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
12853.570 |
9876.800 |
3031.210 |
|
|
Purchases of
Stock-in-Trade |
11.000 |
12.540 |
13.960 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
19.410 |
(14.660) |
12.580 |
|
|
Employee benefit expense |
1827.280 |
1426.780 |
1091.480 |
|
|
Other expenses |
2853.220 |
1952.100 |
1478.160 |
|
|
TOTAL |
17564.480 |
13253.560 |
5627.390 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1926.610 |
1414.870 |
414.460 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
159.320 |
150.300 |
146.240 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1767.290 |
1264.570 |
268.220 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
324.550 |
284.730 |
292.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1442.740 |
979.840 |
(24.480) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1442.740 |
979.840 |
(24.480) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.54 |
6.48 |
(0.16) |
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 |
651.940 |
586.840 |
(1618.640) |
|
Net cash flow from (used in) operations |
390.460 |
449.190 |
(1725.530) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
21.89 |
48.31 |
46.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
16.68 |
7.55 |
7.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
103.74 |
172.37 |
216.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.19 |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.35 |
0.98 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.91 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.43 |
0.85 |
2.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.02 |
9.14 |
12.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.48 |
0.92 |
2.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
12.09 |
9.41 |
2.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
7.71 |
7.27 |
(0.48) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.77 |
5.66 |
(0.25) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
47.88 |
62.39 |
(4.14) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.86 |
0.94 |
0.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.26 |
0.40 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.14 |
0.09 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.86 |
0.88 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.86 |
0.94 |
0.76 |
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 |
1512.000 |
1512.000 |
1512.000 |
|
Reserves & Surplus |
(921.250) |
58.590 |
1501.330 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
590.750 |
1570.590 |
3013.330 |
|
|
|
|
|
|
Long-term borrowings |
1252.520 |
1327.730 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
1298.150 |
|
Total
borrowings |
1252.520 |
1327.730 |
1298.150 |
|
Debt/Equity
ratio |
2.120 |
0.845 |
0.431 |
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 |
5076.870 |
13475.570 |
18711.620 |
|
|
|
165.431 |
38.856 |
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 |
5076.870 |
13475.570 |
18711.620 |
|
Profit/ (Loss) |
(24.480) |
979.840 |
1442.740 |
|
|
(0.48%) |
7.27% |
7.71% |
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 |
NEW OPPORTUNITIES AND
FUTURE PROSPECTS
There is a great scope for incorporating their rail solutions in order to address the increasing demands of rail operators for efficient, modern and eco-friendly transport in Indian cities.
Market outlook for next 5-7 years: Metros - Procurement of approximately 3000 metro cars and 20 signaling lines. Indian Railways – 5000 EMU’s with maintenance, high speed lines, semi-high speed lines along with advanced signaling system for mainline market and regular supply of propulsion equipment for electric locomotives and EMU’s to Indian Railways.
The government wants to provide smarter and reliable transport links not just between India’s mega cities, such as Mumbai and Delhi, but also medium and smaller sized cities and towns. This will generate demand for the urban transit solutions that Bombardier excels at.
Bombardier is able to offer its local and global expertise in support of several areas identified for investment for IR. They include rolling stock such as EMUs, inter-city or commuter trains, plus semi high speed and high-speed rail including their maintenance and advanced signaling systems.
Indian government is encouraging cities with population above 2 million to develop mass transit systems and expects that around 50 cities will have population over 2 million by 2050. Bombardier appreciated the efforts of the Indian government for rail transportation and will evaluate supporting the transformation for Smart Cities.
In terms of market opportunities available in India, it is looking very promising and Bombardier is closely pursuing various metro projects in the cities of Delhi, Mumbai, Bengaluru, Chennai along with light rail projects in the state of Kerala.
Bombardier’s large manufacturing presence in India combined with local experience, international expertise and eco-friendly technologies means it is ideally positioned to elevate India to the world stage in rail transportation and realize the government’s aim of a railway network fit for the 21st century.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
0.000 |
1327.730 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Term loans from others |
1298.150 |
0.000 |
|
Total |
1298.150 |
1327.730 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B23386709 |
90056666 |
STATE BANK OF INDIA |
03/02/1997 |
14/12/1999 |
14/10/2011 |
105000000.0 |
Industrial Finance Branch, Vadodara, Gujarat, India |
|
2 |
Y10136709 |
90056614 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
01/10/1996 |
09/07/1999 |
01/12/2002 |
80000000.0 |
15, Kasturba Gandhi Marg, New Delhi-110001, India |
FIXED ASSETS:
Tangible assets
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
· 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 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BHG |
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.