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%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
500703 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HEWLETT PACKARD FINANCIAL SERVICES (INDIA) PRIVATE LIMITED (w.e.f.
04.04.2003) |
|
|
|
|
Formerly Known
As : |
COMPAQ FINANCIAL SERVICES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
24, Salarpuria Arena, Hosur Main Road, Adugodi, Bangalore – 560030,
Karnataka |
|
Tel. No.: |
91-80-33829000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.01.2001 |
|
|
|
|
Com. Reg. No.: |
08-080236 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6281.973 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65910KA2001PTC080236 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
29AABCC5967C1ZL |
|
|
|
|
TIN No.: |
29790062482 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC5967C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Financing IT related Products
which includes Software. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 45077900 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2001. It is engaged in the business
of financing IT related products which includes software. Its ultimate
holding company is “Hewlett Packard Company, USA”, which ranks 60 in the
Fortune 500. For the financial year 2017, the company has achieved revenue growth
of 16.02% as compared to the previous year along with a decent profit margin
of 17.83%. The sound financial risk profile of the company is marked by adequate
net worth position along with negligible debt balance sheet profile due to
unsecured debt recorded in the books. Rating takes into consideration the strong financial support received
from its parent in the form of equity and debt, established market position
along with experienced management team. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
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 30.03.2018.
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 DECLINED BY
|
Name : |
Mr. Sai Prasad |
|
Designation : |
Finance Analysis |
|
Contact No.: |
91-9964428484 |
|
Date : |
29.03.2018 |
LOCATIONS
|
Registered Office : |
24, Salarpuria Arena, Hosur Main Road, Adugodi, Bangalore – 560030,
Karnataka, India |
|
Tel. No.: |
91-22-33829000/ 66273900 |
|
Mobile No.: |
91-9964428484 [Mr. Sai Prasad] |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rishikesh Kumar Singh |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
601, E-4, Snn Raj Serenity Yelenahalli, Begur Begur Koppa Road, Begur, Bangalore-560114, Karnataka, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
20.12.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
08025499 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Alistair Sinclair White |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
1, Warne Fort Street, London – 71623, United Kingdom |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1966 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2013 |
||||||||||||||||||||||||||||
|
DIN No.: |
06616466 |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Michele Madonini |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
97, Robertson Quay, No. 07-10 Rivergate, Singapore, 238257, Singapore |
||||||||||||||||||||||||||||
|
Date of Appointment : |
19.11.2014 |
||||||||||||||||||||||||||||
|
DIN No.: |
06991221 |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Thomas Pressentin |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
3 Rue Juba La Marsa Tunisia 2070 DE |
||||||||||||||||||||||||||||
|
Date of Appointment : |
27.04.2015 |
||||||||||||||||||||||||||||
|
DIN No.: |
01878185 |
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sai Prasad |
|
Designation : |
Finance Analysis |
|
|
|
|
Name : |
Mrs. Hema S |
|
Designation : |
Company Secretary |
|
Address : |
House No-8, Sadashivaiah Layout, Thindlu Vidyaranyapura
Post Bangalore 560097, Karnataka, India |
|
Date of Appointment : |
12.12.2012 |
|
PAN No.: |
CJKPS6426D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 28.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
HPFS Venture Holdings Limited |
627414269 |
99.88 |
|
HPFS International Holdings IV BV |
783000 |
0.12 |
|
|
|
|
|
Total |
628197269 |
100.00 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Financing IT related Products
which includes Software. (Registered Activity) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
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|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
Not Divulged |
||||
|
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|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
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 : |
Not Divulged |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Associates LLP Chartered Accountants |
|
Address : |
12th and 13th Floor, "UB City" Canberra Block, No. 24, Vittal
Mallya Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-67275000 |
|
Fax No.: |
91-80-22106000 |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
HPFS Venture Holdings Limited |
|
|
|
|
Ultimate Holding Company: |
Hewlett-Packard Enterprise Company ('HPE') |
|
|
|
|
Related parties with whom transaction have taken place during the
year/previous year (Fellow Subsidiaries) : |
· Hewlett-Packard Enterprise India Private Limited ('HPEI') · HP Financial Services (Singapore) Pte. Ltd. ('HPFS Singapore') · HP Financial Services (Australia) Pty Limited ('HPFS Australia') · Hewlett-Packard GlobalSoft Private Limited ('HPGS') · Hewlett-Packard Enterprise Financial Services Company ('HPEFS'), USA · Mphasis Limited ('Mphasis') · Hewlett-Packard India Sales Private Limited ('HPIS') (refer note (a) below) · Hewlett-Packard Singapore (Sales) Pte Limited (TIP Singapore) · EIT Services India Private Limited ('EIT) · Hewlett Packard India Software Operation Private Limited ('HPISO') · Global E-Business Operations Private Limited ('GEBO') |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
629007289 |
Equity Shares |
INR 10/- each |
INR 6290.073 Million |
|
63609 |
Preference Shares |
INR 10/- each |
INR 0.636 Million |
|
|
Total |
|
INR 6290.709
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
628197269 |
Equity Shares |
INR 10/- each |
INR 6281.973 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 |
6281.973 |
6281.973 |
6281.973 |
|
(b) Reserves & Surplus |
9495.305 |
8920.648 |
9093.134 |
|
(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) |
15777.278 |
15202.621 |
15375.107 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1818.921 |
1177.321 |
384.046 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
295.853 |
441.086 |
1089.177 |
|
Total
Non-current Liabilities (3) |
2114.774 |
1618.407 |
1473.223 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
8879.655 |
5672.000 |
3691.000 |
|
(b)
Trade payables |
803.063 |
1360.818 |
654.990 |
|
(c)
Other current liabilities |
782.263 |
741.750 |
451.063 |
|
(d)
Short-term provisions |
110.500 |
35.962 |
23.669 |
|
Total
Current Liabilities (4) |
10575.481 |
7810.530 |
4820.722 |
|
|
|
|
|
|
TOTAL |
28467.533 |
24631.558 |
21669.052 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
14446.526 |
13421.618 |
9990.794 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
(f)
Trade receivables |
84.902 |
124.610 |
256.808 |
|
Total
Non-Current Assets |
14531.428 |
13546.228 |
10247.602 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
812.663 |
544.197 |
428.082 |
|
(d)
Cash and cash equivalents |
1820.154 |
1387.819 |
3838.263 |
|
(e)
Short-term loans and advances |
11303.288 |
9153.314 |
7155.105 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
13936.105 |
11085.330 |
11421.450 |
|
|
|
|
|
|
TOTAL |
28467.533 |
24631.558 |
21669.052 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3223.614 |
2778.418 |
2232.207 |
|
|
|
Other Income |
57.547 |
3.957 |
102.468 |
|
|
|
TOTAL |
3281.161 |
2782.375 |
2334.675 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
94.303 |
89.709 |
77.338 |
|
|
|
End-of-term and remarketing expenses |
597.513 |
598.043 |
333.410 |
|
|
|
Other expenses |
425.246 |
706.939 |
1108.212 |
|
|
|
Exceptional item (loss) – value added tax expenses |
0.000 |
279.362 |
0.000 |
|
|
|
TOTAL |
1117.062 |
1674.053 |
1518.960 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2164.099 |
1108.322 |
815.715 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
634.752 |
406.854 |
87.472 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1529.347 |
701.468 |
728.243 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1529.347 |
701.468 |
728.243 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
954.690 |
873.955 |
95.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
574.657 |
(172.487) |
632.293 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF value of assets given on lease |
1491.154 |
1725.349 |
1435.065 |
|
|
TOTAL IMPORTS |
1491.154 |
1725.349 |
1435.065 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
0.91 |
(0.27) |
1.01 |
|
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 used in operations |
(2143.546) |
(3857.239) |
(150.643) |
|
|
|
|
|
|
Net Cash used in Operating Activities |
(2150.834) |
(4091.943) |
(325.137) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
92.02 |
71.49 |
70.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.97 |
5.11 |
5.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
NA |
NA |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.37 |
0.32 |
0.22 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.56 |
0.37 |
0.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.67 |
0.51 |
0.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.41 |
2.72 |
9.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
17.83 |
(6.21) |
28.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.02 |
(0.70) |
2.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.64 |
(1.13) |
4.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.32 |
1.42 |
2.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
1.42 |
2.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.55 |
0.62 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.41 |
0.90 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.32 |
1.42 |
2.37 |
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 |
6281.973 |
6281.973 |
6281.973 |
|
Reserves & Surplus |
9093.134 |
8920.648 |
9495.305 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15375.107 |
15202.621 |
15777.278 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3691.000 |
5672.000 |
8879.655 |
|
Total
borrowings |
3691.000 |
5672.000 |
8879.655 |
|
Debt/Equity
ratio |
0.240 |
0.373 |
0.563 |
%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image022.gif)
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 |
2232.207 |
2778.418 |
3223.614 |
|
|
|
24.470 |
16.023 |
%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image024.gif)
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 |
2232.207 |
2778.418 |
3223.614 |
|
Profit/ (Loss) |
632.293 |
(172.487) |
574.657 |
|
|
28.33% |
(6.21%) |
17.83% |
%20PRIVATE%20LIMITED%20-%20500703%2030-Mar-2018_files/image026.gif)
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 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 CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Unsecured Loan from Hewlett Packard GlobalSoft Private Limited ('HPGS") - Unsecured Loan from HPGS carried an interest rate ranging from 6.34% to 9.98% p.a. During the current year ended March 31, 2017, the Company has repaid the aforementioned loan in full. |
0.000 |
5672.000 |
|
Unsecured Loan from Global e-Business Operations Private Limited ('GEBO") - Unsecured Loan from GEBO carries an interest rate ranging from 6.15% to 6.77% p.a. The loan has been borrowed in multiple tranches and is repayable within a year from the draw down date of the respective tranche and is renewable based on mutually agreed terms. |
5494.655 |
0.000 |
|
Unsecured Loan from HP India Software Operation Private Limited ('HPISO") - Unsecured Loan from HPISO carries an interest rate of 6.35% p.a. The loan is repayable within a year from the draw down date and is renewable based on mutually agreed terms. |
3385.000 |
0.000 |
|
|
|
|
|
Total |
8879.655 |
5672.000 |
CORPORATE
INFORMATION
Hewlett Packard Financial Services (India) Private Limited (the 'Company') was incorporated on January 18, 2001 and obtained the certificate of registration to commence business as a non-banking financial institution from the Reserve Bank of India ('RBI') on September 04, 2001. The Company is a systemically important non-deposit taking Non-Banking Financial Company (NBFC') registered with the RBI and is engaged in the business of financing IT related products which includes software.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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.