|
|
|
MIRA INFORM REPORT
|
Report No. : |
494622 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SINGAPORE AIRLINES LIMITED |
|
|
|
|
India Branch
Office : |
Ground Floor, Air India Building, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-29357052 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.08.1972 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 86128.184 Million |
|
|
|
|
FCRN No.: |
F00806 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
It is a Branch of a Foreign Registered Company |
|
|
|
|
Line of Business
: |
Transport
of Passengers by Air. [Registered Activity] |
|
|
|
|
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 1659100000 (Company) USD 1734570000 (Group) |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a branch of foreign registered company i.e. “Singapore Airlines Limited”. It was set up in the year 1972 having excellent track record. For the financial year 2017, revenue of the company has been marginally declined as compared to its previous year but has registered fair profit margin during the year. Rating takes into consideration, the robust financial risk profile marked by strong net worth base along with comfortable debt protection metrics. Rating continue to derive strength from its long and established track record of its business operations backed by its well-experience management team and strong financial support from Singapore Government along with worldwide network in airline industry. Payments seems to be regular and as per commitment. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: The financials of March 2017 are Indian Rupee Denominated, audited consolidated statement of financial position and profit and loss account of the Group and the statement of financial position of the company. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 01.03.2018.
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.: 91-22-29357052)
LOCATIONS
|
Registered Office
/ Head Office : |
25 Airline Road,
Airline House, Singapore 819829 |
|
Tel. No.: |
+65 6223 8888 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
India Branch
Office : |
Ground Floor, Air India Building, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-29357052 |
|
Fax No.: |
Not Available |
|
Website : |
|
|
|
|
|
Reservation &
Ticketing Office: |
2nd Floor, Setu Complex, S. P. Nagar Road, Off C. G. Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-30012828 |
|
Fax No.: |
91-79-30012850 |
|
E-Mail : |
|
|
|
|
|
Airport Office/
Lost and Found Office: |
First Floor, Sardar Vallabhbhai International (SVP), Airport Terminal – 2, Ahmedabad – 380003, Gujarat, India |
|
Tel. No.: |
91-79-22858117 |
|
|
|
|
Town Office 1: |
Unit # 514 A & B, Time Tower, M.G. Road, Gurugram - 122002, Haryana, India |
|
Tel. No.: |
91-124-4310999 |
|
Fax No.: |
91-124-2578003 |
|
E-Mail : |
|
|
|
|
|
Town Office 2: |
Millennium City IT Park, Tower II, 9th Floor, Unit 9A, DN - 62, Sector V, Salt Lake, Kolkata – 700091, West Bengal, India |
|
Tel. No.: |
91-33-40538888 |
|
Fax No.: |
91-33-40538809 |
|
E-Mail : |
|
|
|
|
|
Town Office 3: |
Westminster, 1st Floor, 108, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600 004, Tamilnadu, India |
|
Tel. No.: |
91-44-45921921 |
|
E-Mail : |
|
|
|
|
|
Town Office 4: |
Mezzanine Floor, Taj Mahal Intercontinental Hotel, Apollo Bunder, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-61747555 |
|
Fax No.: |
91-22-22835540 |
|
E-Mail : |
|
|
|
|
|
Town Office 5: |
No.17, Park View Curve Road, Tasker Town, Bangalore – 560051, Karnataka, India |
|
Tel. No.: |
91-80-46445100 |
|
Fax No.: |
91-80-22867899 |
|
E-Mail : |
|
|
|
|
|
Town Office 6: |
Office No. -2, Setu Complex, 2nd Floor, Off. C.G. Road, S.P. Nagar Road, Navrangpura, Ahmedabad - 380009, Gujarat, India |
|
|
|
|
Airport Office 1: |
Room No 21, Office Level 4, Indira Gandhi International Airport, Terminal 3, New Delhi – 110037, India |
|
|
|
|
Airport Office 2: |
Terminal II, Room
No. B-327, Netaji Subhas Chandra Bose International Airport Kolkata Airport, Kolkata
- 700 052, West Bengal, India |
|
|
|
|
Airport Office 3: |
2nd Floor, Anna
International Terminal, Meenabakkam, Chennai – 600027, Tamilnadu, India |
|
|
|
|
Airport Office 4: |
Chatrapati Shivaji
International Airport, Room No.E 8-3096 / 3097 / 3098, Level 3, Terminal 2,
Sahar, Mumbai -400099, Maharashtra, India |
|
|
|
|
Airport Office 5: |
Airline Landside Building, Room No. 33, II Floor, Building
Code: A26, Devanahalli, Bangalore – 560300,
Karnataka, India |
|
|
|
|
Airport Office 6: |
1st Floor, Terminal -2, S.V.P. International Airport, Ahmedabad - 380 003, Gujarat, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Stephen Lee Ching Yen |
|
Designation : |
Chairman (Independent) |
|
|
|
|
Name : |
Mr. Peter Seah Lim Huat |
|
Designation : |
Deputy Chairman (Independent) (Appointed on 1 September 2015) |
|
|
|
|
Name : |
Mr. Gautam Banerjee |
|
Designation : |
Independent |
|
|
|
|
Name : |
Dr. William Fung Kwok Lun |
|
Designation : |
Independent |
|
|
|
|
Name : |
Mr. Hsieh Tsun-yan |
|
Designation : |
Independent |
|
|
|
|
Name : |
Christina Ong |
|
Designation : |
Independent |
|
|
|
|
Name : |
Dr. Helmut Gunter Wilhelm Panke |
|
Designation : |
Independent |
|
|
|
|
Name : |
Lucien Wong Yuen Kuai |
|
Designation : |
Non Independent |
KEY EXECUTIVES
|
Name : |
Goh Choon Phong |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Other Key Management Personnel: |
|
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Twenty largest
shareholders |
No. of Shares |
% of Holding |
|
Temasek Holdings (Private) Limited |
657306600 |
55.33 |
|
DBS Nominees (Private) Limited |
122025035 |
10.27 |
|
Citibank Nominees Singapore Pte Limited |
112185180 |
9.44 |
|
HSBC (Singapore) Nominees Pte Limited |
38628479 |
3.25 |
|
DBSN Services Pte Limited |
24838005 |
2.09 |
|
United Overseas Bank Nominees (Private) Limited |
20271810 |
1.71 |
|
Raffles Nominees (Pte) Limited |
14619046 |
1.23 |
|
BNP Paribas Securities Services |
7960689 |
0.67 |
|
Bank of Singapore Nominees Pte Limited |
2815402 |
0.24 |
|
OCBC Nominees Singapore Private Limited |
2118456 |
0.18 |
|
Estate of Chang Shyh Jin, Deceased |
2007940 |
0.17 |
|
DB Nominees (Singapore) Pte Limited |
1994134 |
0.17 |
|
UOB Kay Hian Private Limited |
1977855 |
0.17 |
|
Morgan Stanley Asia (Singapore) Securities Pte Limited |
1772220 |
0.15 |
|
ABN Amro Nominees Singapore Pte Limited |
1343838 |
0.11 |
|
DBS Vickers Securities (Singapore) Pte Limited |
1219986 |
0.10 |
|
Phillip Securities Pte Ltd |
1142099 |
0.09 |
|
BNP Paribas Nominees Singapore Pte Limited |
1069886 |
0.09 |
|
OCBC Securities Private Limited |
921989 |
0.08 |
|
Tan Kim Siah |
800000 |
0.07 |
BUSINESS DETAILS
|
Line of Business : |
Transport
of Passengers by Air. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name: |
KPMG LLP Chartered Accountants |
|
Address: |
16 Raffies Quay #22-00 Hong Leong Building Singapore 048581 |
|
Tel No.: |
+65 6213 3388 |
|
Fax No.: |
+65 6225 0984 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
CAPITAL = INR
86128.184 Million
FINANCIAL DATA
[all figures are
INR Million]
STATEMENT
OF FINANCIAL POSITION [COMPANY]
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Share
capital |
86128.184 |
90983.448 |
84366.470 |
|
Treasury
shares |
(9036.317) |
(18701.053) |
(14832.041) |
|
Other
reserves |
503587.693 |
516355.638 |
456799.345 |
|
Share capital and reserves |
580679.560 |
588638.033 |
526333.774 |
|
|
|
|
|
|
Non-Controlling
interest |
0.000 |
0.000 |
0.000 |
|
Deferred account
|
9971.272 |
10902.074 |
5231.612 |
|
Deferred taxation |
68774.888 |
66006.424 |
60248.352 |
|
Long-term
liabilities |
78396.946 |
54415.213 |
52375.264 |
|
Provisions
|
30071.084 |
31724.277 |
31940.745 |
|
Defined
benefits plan |
5675.188 |
5953.083 |
5660.307 |
|
|
192889.378 |
169001.071 |
155456.280 |
|
|
|
|
|
|
Total |
773568.938 |
757639.104 |
681790.054 |
|
|
|
|
|
|
Represented by: |
|
|
|
|
Property,
plant and equipment |
559202.478 |
502023.111 |
450290.815 |
|
Intangible
assets |
7864.192 |
8186.475 |
7244.305 |
|
Subsidiary
companies |
213927.243 |
218672.190 |
152941.301 |
|
Associate
companies |
35125.219 |
26058.039 |
21473.727 |
|
Joint
venture companies |
0.000 |
0.000 |
0.000 |
|
Long-term
investments |
18342.368 |
36976.383 |
41035.004 |
|
Other
Long-term assets |
18463.692 |
19546.121 |
19447.720 |
|
Deferred account
|
2276.245 |
2475.372 |
1649.489 |
|
|
855201.437 |
813937.691 |
694082.361 |
|
Current assets |
|
|
|
|
Inventories |
4923.461 |
5306.312 |
5984.344 |
|
Trade
debtors |
32236.765 |
39186.008 |
45378.669 |
|
Deposit
and other debtors |
2588.006 |
2133.159 |
811.984 |
|
Prepayments
|
7885.482 |
5135.398 |
4221.670 |
|
Deferred account
|
423.513 |
736.634 |
0.000 |
|
Amount
owing by subsidiary companies |
9458.353 |
15589.754 |
14161.018 |
|
Loan
receivable from an associated company |
0.000 |
3037.952 |
0.000 |
|
Derivative
assets |
3810.918 |
1096.388 |
4668.292 |
|
Investments |
21806.795 |
29506.260 |
4832.666 |
|
Cash
and bank balances |
126832.296 |
158785.137 |
201595.416 |
|
Other
short-term assets |
991.489 |
0.000 |
0.000 |
|
Assets
held for sale |
0.000 |
0.000 |
0.000 |
|
|
210957.078 |
260513.002 |
281654.059 |
|
|
|
|
|
|
Less : Current
liabilities |
|
|
|
|
Sales in advance of carriage |
68024.743 |
71572.209 |
60390.048 |
|
Deferred revenue |
32844.497 |
32811.904 |
27842.127 |
|
Deferred account |
3541.846 |
1990.464 |
5062.911 |
|
Current tax payable |
1405.439 |
6422.634 |
94936.836 |
|
Trade and other creditors |
104503.217 |
107605.317 |
47669.771 |
|
Amount owing to subsidiary companies |
62851.972 |
58387.583 |
0.000 |
|
Notes Payable |
0.000 |
0.000 |
13636.364 |
|
Borrowings |
0.000 |
0.000 |
0.000 |
|
Provisions |
13865.018 |
8849.053 |
6635.805 |
|
Derivative liabilities |
5552.845 |
29172.425 |
37772.504 |
|
|
292589.577 |
316811.589 |
293946.366 |
|
|
|
|
|
|
Net
current(Liabilities)/ assets |
(81632.499) |
(56289.587) |
(12292.307) |
|
|
|
|
|
|
Total |
773568.938 |
757639.104 |
681790.054 |
STATEMENT
OF FINANCIAL POSITION [GROUP]
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Share
capital |
86128.184 |
90983.448 |
84366.470 |
|
Treasury
shares |
(9036.317) |
(18701.053) |
(14832.041) |
|
Other
reserves |
530007.315 |
552947.962 |
496991.471 |
|
Share capital and reserves |
607099.182 |
625230.357 |
566525.900 |
|
|
|
|
|
|
Non-Controlling
interest |
17967.558 |
18539.559 |
21202.668 |
|
Deferred account
|
10877.559 |
12499.869 |
6439.598 |
|
Deferred taxation |
87725.531 |
82437.995 |
72710.236 |
|
Long-term
liabilities |
83283.484 |
62909.328 |
69146.711 |
|
Provisions
|
42240.824 |
42993.817 |
43586.088 |
|
Defined
benefits plan |
6088.697 |
6335.801 |
5894.816 |
|
|
248183.653 |
225716.369 |
218980.117 |
|
|
|
|
|
|
Total |
855282.835 |
850946.726 |
785506.017 |
|
|
|
|
|
|
Represented by: |
|
|
|
|
Property,
plant and equipment |
762565.812 |
693306.827 |
614689.068 |
|
Intangible
assets |
19645.874 |
25284.231 |
22618.840 |
|
Subsidiary
companies |
0.000 |
0.000 |
0.000 |
|
Associate
companies |
49046.040 |
44211.119 |
41914.993 |
|
Joint
venture companies |
7434.265 |
7662.084 |
7630.734 |
|
Long-term
investment |
18827.278 |
37895.989 |
42162.365 |
|
Other
Long-term assets |
22241.375 |
24350.828 |
26083.472 |
|
Deferred account
|
2832.506 |
3196.070 |
2564.573 |
|
|
882593.150 |
835907.148 |
757664.045 |
|
Current assets |
|
|
|
|
Inventories |
8278.931 |
8916.085 |
9180.910 |
|
Trade
debtors |
53114.292 |
59890.499 |
67797.191 |
|
Deposit
and other debtors |
5910.193 |
5625.653 |
1763.419 |
|
Prepayments
|
9789.041 |
6489.619 |
5661.679 |
|
Deferred account
|
549.490 |
869.712 |
0.000 |
|
Amount
owing by subsidiary companies |
0.000 |
0.000 |
0.000 |
|
Loan
receivable from an associated company |
0.000 |
3037.952 |
0.000 |
|
Derivative
assets |
3946.010 |
1223.935 |
5168.894 |
|
Investments |
25052.389 |
32747.589 |
7663.190 |
|
Cash
and bank balances |
156867.386 |
194725.908 |
229212.706 |
|
Other
short-term assets |
991.489 |
0.000 |
0.000 |
|
Assets
held for sale |
0.000 |
19511.294 |
3225.409 |
|
|
264499.221 |
333038.246 |
329673.398 |
|
|
|
|
|
|
Less : Current
liabilities |
|
|
|
|
Sales in advance of carriage |
75836.111 |
79716.210 |
66577.373 |
|
Deferred revenue |
32844.497 |
32811.904 |
27842.127 |
|
Deferred account |
3994.199 |
2317.168 |
0.000 |
|
Current tax payable |
3726.737 |
9407.511 |
7357.290 |
|
Trade and other creditors |
152946.997 |
142102.500 |
132104.444 |
|
Amount owing to subsidiary companies |
0.000 |
0.000 |
0.000 |
|
Notes Payable |
0.000 |
0.000 |
13636.364 |
|
Borrowings |
1946.671 |
10390.201 |
0.000 |
|
Provisions |
14958.391 |
10708.984 |
8134.573 |
|
Derivative liabilities |
5555.933 |
30544.190 |
39490.963 |
|
Finance lease commitments |
0.000 |
0.000 |
2460.181 |
|
Loan |
0.000 |
0.000 |
4228.111 |
|
|
291809.536 |
317998.668 |
301831.426 |
|
|
|
|
|
|
Net
current(Liabilities)/ assets |
(27310.315) |
15039.578 |
27841.972 |
|
|
|
|
|
|
Total |
855282.835 |
850946.726 |
785506.017 |
PROFIT
& LOSS ACCOUNT [GROUP]
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Revenue |
718717.642 |
722212.272 |
737117.329 |
|
|
|
|
|
|
Expenditure |
|
|
|
|
Staff
costs |
126461.082 |
116202.205 |
110583.385 |
|
fuel
costs |
181148.025 |
214551.028 |
264233.902 |
|
Depredation |
75027.596 |
73128.730 |
72870.093 |
|
Impairment
of property, plant and equipment |
190.492 |
499.874 |
72.598 |
|
Amortisation
of intangible assets |
1923.978 |
1549.093 |
1226.733 |
|
Aircraft
maintenance and overhaul costs |
43424.503 |
38146.571 |
30619.153 |
|
Commission
and Incentive’s |
18709.367 |
17297.508 |
17785.757 |
|
Landing,
parking and overflying charges |
39122.607 |
36293.684 |
35418.146 |
|
Handling
charges |
57866.225 |
53977.389 |
50490.737 |
|
Rentals
on leased Aircraft |
43307.878 |
43826.271 |
39757.235 |
|
Material
costs |
3085.467 |
3183.212 |
2809.767 |
|
inflight
meals |
26282.360 |
25933.445 |
26213.574 |
|
Advertising
and sales costs |
14710.328 |
13736.515 |
12240.608 |
|
Insurance
expenses |
2162.852 |
2090.237 |
2124.909 |
|
Company
accommodation and utilities |
5576.506 |
5646.571 |
5659.358 |
|
Other
passenger costs |
8519.990 |
8552.360 |
8286.469 |
|
Crew
expenses |
7578.652 |
7037.169 |
6935.253 |
|
OtIle1
operating expenses |
33512.204 |
28275.957 |
30404.117 |
|
|
688610.112 |
689927.819 |
717731.794 |
|
|
|
|
|
|
Operating Profit |
30107.530 |
32284.453 |
19385.535 |
|
|
|
|
|
|
Finance
charges |
(2232.170) |
(2385.682) |
(2349.095) |
|
Interest
Income |
3574.161 |
3352.238 |
3548.760 |
|
(loss)/Surplus
on disposal of Aircraft, spares and spare engines |
(1533.412) |
2498.106 |
2460.062 |
|
Dividends
from long term investment |
269.235 |
5464.198 |
622.963 |
|
Dividends
from asset held for sale |
1907.882 |
0.000 |
0.000 |
|
Other
non-operating items |
(4992.988) |
4319.812 |
(674.761) |
|
Share
of profits of Joint venture companies |
1009.877 |
1078.974 |
2462.743 |
|
Share
of profits of associated companies |
(3042.941) |
(525.195) |
(6113.715) |
|
|
(5040.356) |
13802.451 |
(43.043) |
|
|
|
|
|
|
Profit before exceptional items |
25067.174 |
46086.904 |
19342.492 |
|
Exceptional items |
-- |
-- |
(1632.353) |
|
|
|
|
|
|
Profit before taxation |
25067.174 |
46086.904 |
20974.845 |
|
Taxation |
3706.931 |
5718.364 |
1712.774 |
|
Profit for the financial year |
21360.243 |
40368.540 |
19262.071 |
|
|
|
|
|
|
Profit attributable to: |
|
|
|
|
Owners
Of the Parent |
17421.214 |
38121.991 |
17421.743 |
|
Non-Controlling
Interests |
3939.029 |
2246.549 |
1840.328 |
|
|
|
|
|
|
Profit for the financial year |
21360.243 |
40368.540 |
19262.071 |
|
|
|
|
|
|
Basic earnings per share (cents) |
1473.10 |
3269.40 |
1487.40 |
|
Diluted earnings per share (cents) |
1465.60 |
3254.50 |
1477.50 |
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 |
No |
|
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 |
No |
|
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 CHARGE: NO
CHARGES EXISTS FOR COMPANY
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 65.10 |
|
|
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
GEET |
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 |
NO |
|
--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.