|
|
|
MIRA INFORM REPORT
|
Report No. : |
507981 |
|
Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AIRPORTS AUTHORITY OF INDIA |
|
|
|
|
Registered
Office : |
Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi-110003 |
|
Tel. No.: |
91-11-24632950 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.04.1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6565.600 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Government Body-Public Sector Enterprise |
|
|
|
|
Line of Business
: |
Subject is providing airport management services. The main functions
of the Authority are as under:- · Control and management of the Indian air space (excluding special user air space) extending beyond the territorial limits of the country as accepted by ICAO). · Provision of Communication, Navigational and Surveillance Aids. · Expansion and strengthening of operational areas viz. Runways, Aprons, Taxiways, etc. and provision of ground based landing and movement control aids for aircrafts and vehicular traffic in operational area. · Design, development, operation and maintenance of passenger terminals · Development and management of cargo terminals at international and domestic airports. · Provision of passenger facilities and information systems in the passenger terminals. (Registered Activity) |
|
|
|
|
No. of Employees
: |
17379 (Approximately) |
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 430000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
AAI is a government organization entrusted with the responsibility of creating, upgrading, maintaining and managing civil aviation infrastructure both on the ground and air space in the country. AAI was constituted by an act of Parliament and came into being on 1st April 1995 by the merger of erstwhile National Airports Authority (NAA) and International Airports Authority of India (IAAI) to create a centralized organization that could effectively manage both the international and domestic airports. For the financial year 2017, AAI has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the robust financial profile with strong cash flow generation and sizeable cash balances.
Rating continue to derive strength from its long and established track record of its business operation backed by diversified revenue streams and also being sole entity in providing air navigation service in India. However, these strengths are offset by the vulnerability of its revenues to fluctuation in the aviation traffic in the country; exposure to build-up of receivables and the significant employee expenses which impact its profitability. Payment seems to be regular and as per commitment. In view of aforesaid, AAI can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk |
|
Date |
03.04.2018 |
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 11.05.2018.
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.: 91-11-24632950 / 25652343 /
25654212 / 91-33-25119616 / 25119944)
LOCATIONS
|
Registered Office : |
Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi-110003 |
|
Tel. No.: |
91-11-24632950/ 25652343 / 25654212 / 91-33-25119616 / 25119944 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional
Headquarters : |
Located at :
|
MANAGEMENT
As on 31.03.2018
|
Name : |
Dr. Guruprasad Mohapatra |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. B S Bhullar, IAS |
|
Designation : |
Director General of Civil Aviation |
|
|
|
|
Non- Official
Members |
|
|
|
|
|
Name : |
Mr. Arun Kumar |
|
Designation : |
Joint Secretary, MCA |
|
|
|
|
Name : |
Ms. Gargi Kaul |
|
Designation : |
Joint Secretary and Financial Advisor, MCA |
|
|
|
|
Name : |
Mr. Sudhir Raheja |
|
Designation : |
Member (Planning) |
|
|
|
|
Name : |
Mr. S. Suresh |
|
Designation : |
Member (Finance) |
|
|
|
|
Name : |
Mr. Anuj Aggarwal |
|
Designation : |
Member (Human Resources) |
|
|
|
|
Name : |
Mr. A.K. Dutta |
|
Designation : |
Member (ANS) |
|
|
|
|
Name : |
Mr. I N Murthy |
|
Designation : |
Member (Operations) |
|
|
|
|
Name : |
Air Chief Marshal (Retd.) Fali Homi Major |
|
Designation : |
Non-official Member (Independent) |
|
|
|
|
Name : |
Dr. (Ms.) Tuktuk Ghosh Kumar, IAS (Retd.) |
|
Designation : |
Non-official Member (Independent) |
BUSINESS DETAILS
|
Line of Business : |
Subject is providing airport management services. The main functions
of the Authority are as under:- · Control and management of the Indian air space (excluding special user air space) extending beyond the territorial limits of the country as accepted by ICAO). · Provision of Communication, Navigational and Surveillance Aids. · Expansion and strengthening of operational areas viz. Runways, Aprons, Taxiways, etc. and provision of ground based landing and movement control aids for aircrafts and vehicular traffic in operational area. · Design, development, operation and maintenance of passenger terminals · Development and management of cargo terminals at international and domestic airports. · Provision of passenger facilities and information systems in the passenger terminals. (Registered Activity) |
|
|
|
|
Products/ Services : |
Air Navigation Services |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
17379 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Subhash and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Joint Ventures : |
|
CAPITAL STRUCTURE
As on 31.03.2017
|
Particulars |
(INR In Million) |
|
Capital: Government of India |
|
|
As per last Balance sheet |
6565.600 |
|
Add : Addition during the year |
-- |
|
Total |
6565.600 |
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 |
6565.600 |
6565.600 |
6565.600 |
|
(b) Reserves &
Surplus |
143988.200 |
124139.500 |
107997.000 |
|
(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) |
150553.800 |
130705.100 |
114562.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
397.800 |
5452.100 |
12874.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
6629.800 |
6218.100 |
5650.000 |
|
(d) long-term provisions |
66449.800 |
66591.400 |
46514.600 |
|
Total Non-current
Liabilities (3) |
73477.400 |
78261.600 |
65038.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
3450.300 |
4479.400 |
3598.500 |
|
(c) Other current
liabilities |
27741.400 |
26818.100 |
18782.000 |
|
(d) Short-term provisions |
12589.200 |
12309.200 |
26141.800 |
|
Total Current Liabilities
(4) |
43780.900 |
43606.700 |
48522.300 |
|
|
|
|
|
|
TOTAL |
267812.100 |
252573.400 |
228123.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76695.000 |
75692.500 |
82234.600 |
|
(ii) Intangible Assets |
102.700 |
124.400 |
242.600 |
|
(iii) Capital
work-in-progress |
16515.500 |
15938.600 |
14367.900 |
|
(iv) Intangible assets
under development |
97.000 |
71.400 |
54.300 |
|
(b) Non-current
Investments |
17154.700 |
11511.500 |
11011.500 |
|
(c) Deferred tax assets
(net) |
23106.300 |
18640.300 |
14829.100 |
|
(d) Long-term Loan and Advances |
54333.900 |
57407.800 |
33874.700 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
188005.100 |
179386.500 |
156614.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
950.500 |
850.700 |
687.900 |
|
(c) Trade receivables |
18687.900 |
19774.100 |
23208.000 |
|
(d) Cash and cash
equivalents |
50429.000 |
44925.800 |
28271.900 |
|
(e) Short-term loans and
advances |
2956.000 |
2263.900 |
14977.800 |
|
(f) Other current assets |
6783.600 |
5372.400 |
4363.200 |
|
Total Current Assets |
79807.000 |
73186.900 |
71508.800 |
|
|
|
|
|
|
TOTAL |
267812.100 |
252573.400 |
228123.500 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Airport Navigational Services |
29728.900 |
25810.800 |
23555.500 |
|
|
Airport Services |
34839.800 |
28909.000 |
24499.800 |
|
|
Non-Airport Navigational
Services |
13049.700 |
12028.100 |
9814.400 |
|
|
Cargo Revenue |
2619.500 |
2011.500 |
1964.900 |
|
|
Airport Lease Revenue |
38367.500 |
33792.600 |
29074.900 |
|
|
Other Income |
6814.700 |
5693.000 |
3940.300 |
|
|
TOTAL
|
125420.100 |
108245.000 |
92849.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
27890.800 |
27000.800 |
28021.100 |
|
|
Operating Expenses |
15098.500 |
11570.400 |
10331.300 |
|
|
Administrative and Other
Expenses |
12720.200 |
9309.600 |
4268.800 |
|
|
Security Expenses |
8822.800 |
7662.200 |
6654.100 |
|
|
TOTAL
|
64532.300 |
55543.000 |
49275.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
60887.800 |
52702.000 |
43574.500 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
983.700 |
1714.000 |
1573.100 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
59904.100 |
50988.000 |
42001.400 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
14327.900 |
14014.500 |
14087.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
45576.200 |
36973.500 |
27914.100 |
|
|
|
|
|
|
|
Less |
TAX |
14416.900 |
11599.900 |
8321.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
31159.300 |
25373.600 |
19592.200 |
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 |
56867.800 |
57659.600 |
42328.600 |
|
Net cash flow from operating activity |
37683.600 |
41334.400 |
30639.100 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
57.51 |
70.38 |
95.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.35 |
5.19 |
3.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
64.06 |
61.95 |
63.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.65 |
0.57 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.16 |
0.19 |
0.27 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.04 |
0.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.29 |
0.33 |
0.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.62 |
0.70 |
0.85 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
61.90 |
30.75 |
27.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
26.27 |
24.74 |
22.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.63 |
10.05 |
8.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
20.70 |
19.41 |
17.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.82 |
1.68 |
1.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.80 |
1.66 |
1.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.52 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.06 |
0.83 |
1.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.82 |
1.68 |
1.47 |
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 |
6565.600 |
6565.600 |
6565.600 |
|
Reserves & Surplus |
107997.000 |
124139.500 |
143988.200 |
|
Net worth |
114562.600 |
130705.100 |
150553.800 |
|
|
|
|
|
|
long-term borrowings |
12874.000 |
5452.100 |
397.800 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
12874.000 |
5452.100 |
397.800 |
|
Debt/Equity ratio |
0.112 |
0.042 |
0.003 |
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 |
|
Total Income |
92849.800 |
108245.000 |
125420.100 |
|
|
|
16.581 |
15.867 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Total Income |
92849.800 |
108245.000 |
125420.100 |
|
Profit |
19592.200 |
25373.600 |
31159.300 |
|
|
21.10% |
23.44% |
24.84% |
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 |
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 |
Yes |
|
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 |
No |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
8.6% Unsecured Non-Convertible Redeemable Bonds 2018-V |
0.000 |
4350.000 |
|
Term Loan from Banks- Kotak Mahindra Bank Limited |
0.000 |
337.500 |
|
Term Loan from Banks-HDFC Bank Limited |
0.000 |
337.500 |
|
Loan from Foreign Financial Institutions- Guaranteed by GOI |
397.800 |
427.100 |
|
|
|
|
|
Total |
397.800 |
5452.100 |
BUSINESS OVERVIEW
AAI is the leading Airport Operator and sole air navigation service provider in India. It owns and maintains 126 airports including 21 international airports (3 civil enclaves), 8 customs airports (4 civil enclaves), 78 domestic airports, and 19 domestic civil enclaves at defence air fields and provides air navigation services for over 2.8 million square nautical miles of air space.
Over the past two decades, AAI has been at the forefront of modernizing and developing airside and terminal side infrastructure, air navigation services, and improving its services at airports to deliver a better travel experience to passengers. These measures have resulted in improved air safety and passenger satisfaction as is reflected in passenger experience survey results.
AWARDS AND MAJOR
EVENTS DURING YEAR 2016-17
- AAI was conferred “National Excellence Award 2016” for Top Solar Power Projects in the Public Sector Undertaking Category from Ministry of New & Renewable Energy by Hon’ble Minister Shri Piyush Goyal on 07.06.2016
- AAI was conferred two prestigious SKOCH BSE Award for Environmental Protection (Green Technology) in the categories of “Two Hundred Projects of India” and “TopThirty Projects of India” for Chandigarh Airport Projecton June 08 & 09, 2016.
- Chandigarh International Airport Limited (CHIAL) won IBC Award for Excellencein Build Environment 2014-2015 for New Integrated Terminal Building of Chandigarh International Airport
- Calicut International Airport won Kerala State Energy Conservation Award 2016 in Category of Buildings in the State of Kerala.
- Biju Patnaik International Airport won Odisha State Energy Conservation Award 2016 in category of Buildings in the State of Odisha
- New Integrated Terminal Building at Tirupati Airport won Four Star GRIHA Rating in category of Green Building on 02.03.2017
- Foundation stone laying ceremony of extension of Runway at Rajahmundry Airport on 19.09.2016.
- Foundation stone laying ceremony of Adampur Domestic Airport on 16.12.2016 By Hon’ble Finance Minister Shri Arun Jaitley and Hon’ble Minister of State for CiviI Aviation, Shri Jayant Sinha
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Land cases |
4485.300 |
4064.900 |
|
Compensation claims of Accident |
29.200 |
26.800 |
|
Cases under Arbitration |
8800.500 |
7224.800 |
|
Claims against Cargo |
109.100 |
28.000 |
|
Court Cases |
1281.800 |
2179.900 |
|
Sales tax/Service Tax/ Municipal tax/income tax etc. |
1623.900 |
2336.900 |
|
Others |
781.500 |
776.300 |
|
|
|
|
|
Total |
17111.300 |
16622.100 |
FIXED ASSETS
- Land
- Building
- Computer
- Plant and
Machinery
- Tools and
Equipment
- Furniture and
Fixture
- Motor
Vehicles
- Cars and
Jeeps
- Office
Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.38 |
|
|
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.