|
|
|
MIRA INFORM REPORT
|
Report No. : |
495068 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMDOCS DEVELOPMENT CENTRE INDIA LLP (w.e.f.28.02.2017) |
|
|
|
|
Formerly Known
As : |
AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Cyber City Tower 2, 6th Floor, Magarpatta City,
Hadapsar, Pune - 411028, Maharashtra |
|
Tel. No.: |
91-20-40153001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.02.2017 (Limited Liability Partnership) 27.01.2004 (Private Limited Company) |
|
|
|
|
LLPIN : |
AAI-6901 |
|
|
|
|
Total
Obligation of Contribution: |
INR 78.990 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3103015593 |
|
|
|
|
TIN No.: |
27360301032 (AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED) |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECA5803G1ZX (AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA5803G (AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED) |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Subject is engaged in the Business of Providing Software
Services. [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is established company incorporated in the year 2004 as a
private limited company with the name “Amdocs Development Centre India
Private Limited” and later during Feb 2017 it got converted into limited
liability partnership firm as “Amdocs Development Centre India LLP”. As per available financials of 2017, the firm has increased its
revenue from operation as compared to previous year and maintained decent
profitability margin of 10.50%. Rating takes into consideration strong financial profile of the firm
marked by healthy networth base. Rating further derives strength from strong operational, technologies
and management support received from its partner, rich experience of its
promoters along with long business track records and established marked
position. Trade relations are reported as fair. Business is active. Payments
seems to be regular. In view of established market position, the firm can be considered
good for normal business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 06.03.2018
.
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.:
91-20-40153000/40153001)
LOCATIONS
|
Registered Office : |
Cyber City Tower 2, 6th Floor, Magarpatta City,
Hadapsar, Pune - 411028, Maharashtra, India |
|
Tel. No.: |
91-20-40153000/ 26824927 |
|
Fax No.: |
91-20-40143060 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office: |
Level 2, Raheja Centre Point, 294 CST Road, Santacruz (East), Mumbai – 400098, Maharashtra, India |
|
Tel. No.: |
91-22-67078727 |
|
Fax No.: |
91-22-42438711 |
|
|
|
|
SEZ Unit: |
Tower C, Building No.3, Unitech Infospace, Sector-21, Old Delhi-Gurugram Road, Dundahera, Gurugram – 122001, Haryana, India |
|
Tel. No.: |
91-124-3373000 |
|
Fax No.: |
91-124-3373010 |
PARTNERS
As on: 31.03.2017
|
Name : |
Mr. Jog Mahesh Vinayak |
|
Designation : |
Body Corporate DP Nominee |
|
Address : |
Rahul Towers, Building No. 1/A2/1003 Paud Road, Pune-411038, Maharashtra, India |
|
Date of Appointment : |
28.02.2017 |
|
DPIN No.: |
01109294 |
|
|
|
|
Name : |
Mr. Goel Sanjeev Kumar |
|
Designation : |
Body Corporate DP Nominee |
|
Address : |
L-101, Marvel Ritz (E) Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Appointment : |
28.02.2017 |
|
DPIN No.: |
07718699 |
OBLIGATION DETAILS
As on: 31.03.2017
|
Names of Parson |
|
Obligation
of Contribution (INR In Million) |
|
Amdocs Development Limited, Cyprus |
|
78.990 |
|
European Software Marketing Limited,
Channel Islands |
|
0.000 |
|
Total |
|
78.990 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Business of Providing Software
Services. [Registered
Activity] |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
|
Customers : |
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||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Panchashil Tech Park, Yerwada, Pune
– 411006, Maharashtra, India |
|
Tel. No.: |
91-20-66036000 |
|
Fax No.: |
91-20-66015900 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
Amdocs Development Limited, Cyprus |
|
|
|
|
Ultimate
Holding Company: |
Amdocs Limited, Guernsey |
CAPITAL STRUCTURE
As on 31.03.2017
|
Names of Parson |
|
Obligation
of Contribution (INR In Million) |
|
Amdocs Development Limited, Cyprus |
|
78.990 |
|
European Software Marketing Limited,
Channel Islands |
|
0.000 |
|
Total |
|
78.990 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (AMDOCS DEVELOPMENT
CENTRE INDIA LLP)
|
SOURCES OF FUNDS |
|
|
28.02.2017 to 31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partners Contribution |
|
|
78.990 |
|
(b) Reserves &
Surplus |
|
|
9139.660 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
9218.650 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
26.190 |
|
(d) long-term provisions |
|
|
212.900 |
|
Total Non-current
Liabilities (3) |
|
|
239.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
845.600 |
|
(c) Other current
liabilities |
|
|
1066.210 |
|
(d) Short-term provisions |
|
|
1376.520 |
|
Total Current Liabilities
(4) |
|
|
3288.330 |
|
|
|
|
|
|
TOTAL |
|
|
12746.070 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
2147.290 |
|
(ii) Intangible Assets |
|
|
57.070 |
|
(iii) Capital
work-in-progress |
|
|
3.190 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
766.840 |
|
(d) Long-term Loan and Advances |
|
|
283.100 |
|
(e) Other Non-current
assets |
|
|
334.430 |
|
Total Non-Current Assets |
|
|
3591.920 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
0.000 |
|
(c) Trade receivables |
|
|
4325.250 |
|
(d) Cash and cash
equivalents |
|
|
2350.700 |
|
(e) Short-term loans and
advances |
|
|
9.790 |
|
(f) Other current assets |
|
|
2468.410 |
|
Total Current Assets |
|
|
9154.150 |
|
|
|
|
|
|
TOTAL |
|
|
12746.070 |
PROFIT
& LOSS ACCOUNT (AMDOCS DEVELOPMENT
CENTRE INDIA LLP)
|
|
PARTICULARS |
|
|
28.02.2017 to 31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
20239.190 |
|
|
Other Income |
|
|
20.350 |
|
|
TOTAL |
|
|
20259.540 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
|
|
11032.460 |
|
|
Other expenses |
|
|
5642.180 |
|
|
TOTAL |
|
|
16674.640 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
3584.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
6.520 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
3578.380 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
934.480 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
2643.900 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
518.250 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
2125.650 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
28.02.2017 to 31.03.2017 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
2096.890 |
|
Net Cash flows from operating activities |
|
|
2730.820 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
28.02.2017 to 31.03.2017 |
|
Average Collection Days (Sundry Debtors
/ Income * 365) |
|
|
78.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
|
|
4.68 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
1.62 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
28.02.2017 to 31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.26 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
0.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.24 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
549.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
28.02.2017 to 31.03.2017 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
|
|
10.50 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
16.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
23.06 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
28.02.2017 to 31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
2.78 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
2.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
2.78 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
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 |
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 |
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 one month (LLP) Turnover of firm for last two years
(Private Limited Company) |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one month (LLP) Profitability for last two years (Private
Limited Company) |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 firm is a Limited Liability Partnership
(LLP), domiciled in India having identification number AAI-6901. The registered
office of the firm located at Cyber City, Tower 2, 6th Floor,
Magarpatta City, Hadapsar, Pune - 411028, Maharashtra, India. The firm is
engaged in the business of providing software services through its unit
registered with Software Technologies Parks of India (STPI) and separate SEZ
units in Pune and Gurugram.
INDEX OF CAHREGS: NO CHARGES EXISTS FOR LLP
FIXED ASSETS:
- Computer
- Office
equipment
- Furniture and
fixture
- Leasehold
improvement
- Plant and
machinery
BALANCE SHEET
OF AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED
(INR
In Million)
|
SOURCES OF FUNDS |
31.12.2016 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
78.990 |
78.990 |
164.805 |
|
(b) Reserves & Surplus |
8989.520 |
7151.000 |
12115.486 |
|
(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) |
9068.510 |
7229.990 |
12280.291 |
|
|
|
|
|
|
(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 |
35.670 |
13.220 |
307.702 |
|
(d)
long-term provisions |
211.760 |
33.940 |
44.977 |
|
Total
Non-current Liabilities (3) |
247.430 |
47.160 |
352.679 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
982.980 |
659.130 |
644.765 |
|
(c)
Other current liabilities |
1385.370 |
1068.170 |
1323.198 |
|
(d)
Short-term provisions |
1300.460 |
1278.430 |
1018.787 |
|
Total
Current Liabilities (4) |
3668.810 |
3005.730 |
2986.750 |
|
|
|
|
|
|
TOTAL |
12984.750 |
10282.880 |
15619.720 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1961.550 |
1732.140 |
1294.974 |
|
(ii)
Intangible Assets |
45.790 |
40.460 |
608.737 |
|
(iii)
Capital work-in-progress |
58.440 |
68.830 |
16.173 |
|
(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) |
921.500 |
725.230 |
588.136 |
|
(d) Long-term Loan and Advances |
244.360 |
240.090 |
463.724 |
|
(e)
Other Non-current assets |
393.100 |
354.930 |
215.592 |
|
Total
Non-Current Assets |
3624.740 |
3161.680 |
3187.336 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
5239.110 |
4090.360 |
6176.881 |
|
(d)
Cash and cash equivalents |
2228.540 |
1030.670 |
3094.574 |
|
(e)
Short-term loans and advances |
9.750 |
12.670 |
415.047 |
|
(f)
Other current assets |
1882.610 |
1987.500 |
2745.882 |
|
Total
Current Assets |
9360.010 |
7121.200 |
12432.384 |
|
|
|
|
|
|
TOTAL |
12984.750 |
10282.880 |
15619.720 |
PROFIT AND
LOSS OF AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED
(INR
In Million)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
|
17154.010 |
17306.021 |
|
|
Other Income |
|
577.730 |
732.250 |
|
|
TOTAL |
|
17731.740 |
18038.271 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
9626.520 |
8469.660 |
|
|
Other expenses |
|
4607.830 |
3789.562 |
|
|
TOTAL |
|
14234.350 |
12259.222 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
3497.390 |
5779.049 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1.990 |
30.723 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3495.400 |
5748.326 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
689.050 |
764.128 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
2806.350 |
4984.198 |
|
|
|
|
|
|
|
Less |
TAX |
|
504.020 |
268.902 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
2302.330 |
4715.296 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
|
NA |
17051.652 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
|
NA |
625.094 |
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
139.70 |
286.11 |
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 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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.