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|
MIRA INFORM REPORT
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Report No. : |
510284 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JACOBS ENGINEERING INDIA PRIVATE LIMITED [w.e.f. 20.12.2006] |
|
|
|
|
Formerly known
as: |
JACOBS
HANDG PRIVATE LIMITED |
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Registered
Office : |
Jacobs House, Ramkrishna Mandir Road, Kandivita, Andheri (East),
Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-26812000/ 26812681 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
Date of
Incorporation : |
22.12.1969 |
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|
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|
Com. Reg. No.: |
11-014488 |
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|
Capital
Investment / Paid-up Capital : |
INR 42.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1969PTC014488 |
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|
|
IEC No.: [Import-Export Code No.] |
0388106905 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACH0456J |
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|
GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject is engaged into providing integrated consulting
engineering, design, architecture and project management services for architectural,
civil, marine, industrial and structural works including the associated
mechanical, electrical, piping and instrumentation services in various fields
and also provides a range of solutions for detailed design, engineering,
planning and construction management for infrastructure and petroleum and
chemicals industries [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined 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 |
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Jacobs Engineering Inc, USA” and was
incorporated in the year 1969. It is having excellent track records. For the financial year 2017, the company has marginally declined its revenue
from operation as compared to previous year but maintained decent
profitability margin of 12.93%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and debt free balance sheet. Further, the company also derives strength from its strong holding
company support, well established track records of business operation along
with market position and improvement in the profitability profile during the
year. Trade relations are reported as fair. Payments are seems to be
regular. In view of established market position, the company can be considered
good for normal 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.
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
Subjects 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 21.05.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-26812681/ 26812000]
LOCATIONS
|
Registered Office : |
Jacobs House, Ramkrishna Mandir Road, Kandivita, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-26812000/ 26812681 |
|
Fax No.: |
91-22-28208295 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Kamal Gobind Chatlani |
|
Designation : |
Whole-Time Director |
|
Address : |
5 Shiv Sadan, Mogal Lane Mahim Bazar , Mahim, Mumbai-400016, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1968 |
|
Qualification : |
B.Com & ACA |
|
Date of Appointment : |
20.09.2016 |
|
PAN No.: |
AACPC7584P |
|
DIN No.: |
00237265 |
|
|
|
|
Name : |
Mr. Vinayak Ratnakar Pai |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No. 404, Bldg 3a, Phase Vi, Siddhachal, Near Vasant Vihar, Pokran Road 2, Thane (West), Mumbai-400606, Maharashtra, India |
|
Date of Appointment : |
11.08.2016 |
|
DIN No.: |
03637894 |
|
|
|
|
Name : |
Ronald Morgan Reed |
|
Designation : |
Managing Director |
|
Address : |
5503, Azalea Trail Lane Sugar Land Texas 774790000 Us |
|
Date of Birth/Age : |
29.08.1954 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.12.2015 |
|
DIN No.: |
07362951 |
|
|
|
|
Name : |
Mr. Dinesh Jayant Sinai Pissurlenkar |
|
Designation : |
Whole-Time Director |
|
Address : |
B-1703, Valencia Chs, Hiranandani Gardens Next To Galleria, Central Avenue Street, Mumbai-400057, Maharashtra, India |
|
Date of Appointment : |
27.03.2018 |
|
DIN No.: |
08096813 |
KEY EXECUTIVES
|
Name : |
Mr. Dhananjay Manohar Dumbre |
|
Designation : |
Company Secretary |
|
Address : |
Anjani Kumar Ashalfilal Chawl No-3, Room No-14 Kaju Tekadi, Parshiwadi, Ghatkopar (West), Mumbai-400084, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1982 |
|
Date of Appointment : |
07.10.2013 |
|
PAN No.: |
AKSPD0451C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Jacobs U.K. Limited, United Kingdom |
1821606 |
43.27 |
|
Jacobs Engineering Inc., United States of America |
2388567 |
56.73 |
|
|
|
|
|
Total |
4210173 |
100.00 |
AS ON: 29.12.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing integrated consulting
engineering, design, architecture and project management services for architectural,
civil, marine, industrial and structural works including the associated
mechanical, electrical, piping and instrumentation services in various fields
and also provides a range of solutions for detailed design, engineering,
planning and construction management for infrastructure and petroleum and
chemicals industries [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Indian Overseas Bank 'Harikripa'
26-A, S V Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
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|
|
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Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14Th Floor, The Ruby, Senapati Bapat Marg, Dadar (West), Mumbai, Maharashtra, India |
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PAN No.: |
ACHFS9180N |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Ultimate
Holding Company: |
Jacobs Engineering Group Inc |
|
|
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|
Holding
Company: |
Jacobs Engineering Inc.,USA |
|
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|
Subsidiary
company: |
HGC Constructors Private Limited [U45200MH1981PTC024767] |
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|
|
|
Fellow
Subsidiary Company : |
· Jacobs Belgie NV · Jacobs Netherland B.V · Jacobs Engineering Singapore Pte. Limited. · Jacobs Advisers Inc. · Jacobs UK Ltd ( Jacobs Engineering UK Limited) · Jacobs Engineering SA (JESA) · Jacobs France SAS · Jacobs Canada Inc. · Jacobs Group Australia Pty. Limited · Consulting Engineering Services (India) Private limited [U74899HR1969PTC053297] · LeighFisher Limited (Jacobs Consultancy UK Ltd) |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4750000 |
Equity Shares |
INR 10/- each |
INR 47.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4210173 |
Equity Shares |
INR 10/- each |
INR 42.100
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 |
42.100 |
42.100 |
42.102 |
|
(b) Reserves & Surplus |
8269.880 |
6988.950 |
5926.751 |
|
(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) |
8311.980 |
7031.050 |
5968.853 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
65.670 |
111.200 |
251.781 |
|
Total
Non-current Liabilities (3) |
65.670 |
111.200 |
251.781 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
650.950 |
729.700 |
271.287 |
|
(c)
Other current liabilities |
1800.010 |
941.720 |
895.477 |
|
(d)
Short-term provisions |
260.440 |
228.140 |
99.044 |
|
Total
Current Liabilities (4) |
2711.400 |
1899.560 |
1265.808 |
|
|
|
|
|
|
TOTAL |
11089.050 |
9041.810 |
7486.442 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1066.640 |
793.670 |
792.703 |
|
(ii)
Intangible Assets |
21.140 |
35.930 |
37.345 |
|
(iii)
Capital work-in-progress |
5.250 |
6.280 |
37.716 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.120 |
0.120 |
0.121 |
|
(c) Deferred tax assets
(net) |
177.090 |
175.140 |
161.187 |
|
(d) Long-term Loan
and Advances |
86.470 |
3.810 |
467.903 |
|
(e)
Other Non-current assets |
506.190 |
324.240 |
74.512 |
|
Total
Non-Current Assets |
1862.900 |
1339.190 |
1571.487 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
1045.700 |
1146.040 |
1349.857 |
|
(d)
Cash and cash equivalents |
5182.280 |
3030.980 |
1691.881 |
|
(e)
Short-term loans and advances |
1266.120 |
1772.120 |
1875.431 |
|
(f)
Other current assets |
1732.050 |
1753.480 |
997.786 |
|
Total
Current Assets |
9226.150 |
7702.620 |
5914.955 |
|
|
|
|
|
|
TOTAL |
11089.050 |
9041.810 |
7486.442 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
9856.410 |
9892.440 |
8990.039 |
|
|
|
Other Income |
1318.430 |
613.170 |
713.126 |
|
|
|
TOTAL |
11174.840 |
10505.610 |
9703.165 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
5117.990 |
5033.780 |
4644.956 |
|
|
|
Other expenses |
3771.540 |
3787.190 |
3735.413 |
|
|
|
TOTAL |
8889.530 |
8820.970 |
8380.369 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2285.310 |
1684.640 |
1322.796 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
46.720 |
16.180 |
0.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2238.590 |
1668.460 |
1322.568 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
151.640 |
151.790 |
(26.933) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2086.950 |
1516.670 |
1349.501 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
812.580 |
558.470 |
534.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1274.370 |
958.200 |
815.176 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
2112.090 |
1823.300 |
1038.892 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1730.610 |
1327.380 |
432.857 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
38.72 |
42.29 |
54.80 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.43 |
8.63 |
6.66 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.09 |
2.02 |
1.52 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.24 |
0.21 |
0.17 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.33 |
0.27 |
0.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.12 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
48.92 |
104.12 |
5801.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
12.93 |
9.69 |
9.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.49 |
10.60 |
10.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.33 |
13.63 |
13.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.40 |
4.05 |
4.67 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.40 |
4.05 |
4.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.75 |
0.78 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.40 |
4.05 |
4.67 |
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 |
42.102 |
42.100 |
42.100 |
|
Reserves & Surplus |
5926.751 |
6988.950 |
8269.880 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5968.853 |
7031.050 |
8311.980 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
8990.039 |
9892.440 |
9856.410 |
|
|
|
10.038 |
(0.364) |
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 |
8990.039 |
9892.440 |
9856.410 |
|
Profit/ (Loss) |
815.176 |
958.200 |
1274.370 |
|
|
9.07% |
9.69% |
12.93% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
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
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A96785662 |
80039150 |
INDIAN OVERSEAS BANK |
02/05/1980 |
11/10/2010 |
- |
500000000.0 |
'HARIKRIPA' 26-A, S V ROADSANTACRUZ (WEST)MUMBAIMH400054IN |
CORPORATE INFORMATION
The standalone financial statements comprise financial statements of Jacobs Engineering India Private Limited (“the Company”) for the year ended 31 March 2017. The Company is a private limited company domiciled in India and incorporated on 22 December 1969 under the provisions of the Companies Act, 1956. The registered office of the company is located at Jacobs House, Mumbai, Maharashtra. The Company provides integrated consulting engineering, design, architecture and project management services for architectural, civil, marine, industrial and structural works including the associated mechanical, electrical, piping and instrumentation services in various fields. The Company provides a range of solutions for detailed design, engineering, planning and construction management for infrastructure and petroleum & chemicals industries. These standalone financial statements for the year ended 31 March 2017 were approved by the Board of directors in accordance with a resolution dated 29 November 2017.
OPERATIONS:
The Company earned a profit before tax of INR 2091.960 million for the year compared to INR 1516.660 million in the previous year.
Revenue
from exports for the year ending 31st March, 2017 were INR 7691.110 million as
compared to INR 7944.700 million in the previous year, whereas revenue from
domestic operations were INR 2165.280 million as compared to INR 1947.740
million in earlier year
The past year has been significant in terms of winning contracts in Chemical business with domestic clients such as Reliance, Grasim, Nirma, Rohit Surfactants and international clients like Shell, Owens Corning that continue to reinforce Companys forte in this market sector. Based on successful past performance, the company continued to win additional projects outside India with JESA, Midrex, OCP and Heurtey. In the buildings and Infrastructure business, we continue to win project from Wipro. In the Industrial and Consumer Goods segment, the company reinforced its presence with significant awards from MRF, Dabur, Mondelez, Tata Chemicals, Tata Steel and Asian Paints. In the Life Science business, the Company won contracts with Biocon and GSK that are of strategic importance moving forward.
Sales
intake for the year under review was 2.7 million work hours, compared to 2.9
million work hours last year. Sales intake from the export market including
Jacobs Group was 4.1 million work hours, compared to 2.8 million work hours
last year.
With government announcing new investments in Infrastructure development and increased spending in PSU refineries and petrochemical complexes, combined with the passage of unified GST legislation, the market sentiment remains very positive.
No
material changes and commitments affecting the financial position of the
Company occurred between the end of the financial year to which these financial
statements relate on the date of this report.
FIXED ASSETS:
- Buildings
- Furniture and Fixtures
- Computers Hardware
- Office equipment's
- Motor vehicles
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 67.96 |
|
UK Pound |
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
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.