1. Summary Information
|
|
|
Country |
India |
|
Company Name |
KATSUSHIRO MATEX
INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Mamoru Katsushiro |
|
Status |
Yet to commence
business |
Principal Name 2 |
Mr. Satoshi Katsushiro |
|
|
|
Registration # |
18-065743 |
|
Street Address |
Plot No A38
& A39 SIPCOT Industrial Growth Centre, Oragadam, Sriperumbudur Taluk,
Kancheepuram District – 631604, Tamilnadu |
||
|
Established Date |
14.12.2007 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Precision processing |
|
Fax # |
Not Available |
Business Style 2 |
Fabrication |
|
Homepage |
-- |
Product Name 1 |
Steel plates, general parts |
|
# of employees |
Not Available |
Product Name 2 |
Components for assemble of heavy machinery |
|
Paid up capital |
Rs. 120,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings : 100.00 % |
Banking |
Bank of Tokoyo
Mitsubishi UFJ Limited, Chennai |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ca
(11) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
53,157,000 |
Current Liabilities |
550,000 |
|
Inventories |
000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
61,390,000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
550,000 |
|
Invest& other Assets |
4,206,000 |
Retained Earnings |
(1,797,000) |
|
|
|
Net Worth |
118203,000 |
|
Total
Assets |
118,753,000 |
Total
Liab. & Equity |
118,753,000 |
|
Total Assets (Previous Year) |
480,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
32,3000 |
Net Profit |
(1,537,000) |
|
Sales(Previous yr) |
000 |
Net Profit(Prev.yr) |
(260,000) |
MIRA
INFORM REPORT
|
Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
KATSUSHIRO MATEX INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No A38 & A39 SIPCOT Industrial Growth Centre, Oragadam,
Sriperumbudur Taluk, Kancheepuram District – 631604, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.12.2007 |
|
|
|
|
Com. Reg. No.: |
18-065743 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 120.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33100TN2007FTC065743 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK09385F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Precision processing and fabrication of steel plates, general parts
and components for assemble of heavy machinery. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
Status : |
Yet to commence business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was established in the year 2007. The company is yet
to commenced its commercial operation. Payments are unknown. The company can be considered for business dealings on a secured 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No A38 & A39 SIPCOT Industrial Growth Centre, Oragadam,
Sriperumbudur Taluk, Kancheepuram District – 631604, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Mamoru Katsushiro |
|
Designation : |
Director |
|
Address : |
4-12-4, Okayama, Shijyonawate, Osaka Prefecture, Japan 5750002 |
|
Date of Birth/Age : |
16.08.1957 |
|
Date of Appointment : |
14.12.2007 |
|
|
|
|
Name : |
Mr. Satoshi Katsushiro |
|
Designation : |
Director |
|
Address : |
6-19-28, Hojo, Daito City Osaka, Prefecture, Japan – 5740011 |
|
Date of Birth/Age : |
26.05.1961 |
|
Date of Appointment : |
14.12.2007 |
|
|
|
|
Name : |
Mr. Tsukasa Hasegawa |
|
Designation : |
Director |
|
Address : |
63-9, Osikuma Chyou, Nara City – 6310011 |
|
Date of Birth/Age : |
11.01.1964 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No. : |
03206831 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 14.05.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Katsushiro Matex Company Limited, Japan |
|
11999999 |
|
K-Y Kogyo Company Limited, Japan
|
|
1 |
|
Total |
|
12000000 |
(AS ON 04.10.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Katsushiro Matex Company Limited, Japan |
|
5000000 |
|
Total |
|
5000000 |
(AS ON )
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Precision processing and fabrication of steel plates, general parts
and components for assemble of heavy machinery. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Bank of Tokoyo Mitsubishi UFJ Limited, Chennai |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Velu Muthu Associates Chartered Accountants |
|
Address : |
1-B, 17 Bishop Wallers Avenue East, Mylapore, Chennai – 600004,
Tamilnadu, India |
|
PAN No.: |
AABPM0782G |
|
|
|
|
Holding Company : |
Katsushiro Matex Company Limited, Japan |
CAPITAL STRUCTURE
AS ON 05.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Share |
Rs.10/- each |
Rs. 450.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Share |
Rs.10/- each |
Rs. 450.000 Millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Share |
Rs.10/- each |
Rs. 120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Share |
Rs.10/- each |
Rs. 120.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 [15 Months] |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
120.000 |
1.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(1.797) |
(0.260) |
|
|
NETWORTH |
|
118.203 |
0.740 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
118.203 |
0.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
61.390 |
0.000 |
|
|
Capital work-in-progress |
|
4.206 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
53.097 |
1.000 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.060 |
0.000 |
|
Total
Current Assets |
|
53.157 |
1.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.323 |
0.055 |
|
|
Other Current Liabilities |
|
0.227 |
0.205 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.550 |
0.260 |
|
|
Net Current Assets |
|
52.607 |
0.740 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
118.203 |
0.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 [15 Months] |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
0.323 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
0.055 |
|
|
|
Preliminary Expenses |
|
|
0.205 |
|
|
|
TOTAL |
|
1.860 |
0.260 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
transfer to Balance Sheet |
|
(1.537) |
(0.260) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(0.13) |
(2.60) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 [15 Months] |
31.12.2008 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
|
(475.85) |
(0.00) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(1.34) |
(26.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.01) |
(0.35) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.00 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
96.65 |
3.85 |
LOCAL AGENCY FURTHER INFORMATION
Registered office of the company has been shifted from C/o. Velu Muthu Associates,
1-B, Prabha Apartments, 17, Bishop Wallers, Avenue East, Mylapore, Chennai –
600004, Tamilnadu to the present address w.e.f. 30.07.2011
The company was incorporated on December 14, 2007 and is a subsidiary of
Katsushiro Matex Company Limited, Japan.
The Company proposes to engage in the business of precision processing
and fabrication of steel plates, general parts and components for assemble of
heavy machinery. It has not yet commenced commercial operations as at the
Balance Sheet date.
The Company has been allotted ten acres of industrial land by State
Industries Promotion Corporation of Tamilnadu (SIPCOT) at Oragadam near
Chennai. A contract for the construction of the factory building has been
awarded. Construction work is likely to start in the first week of June 2010.
It is expected that the company will commence operations by April 2011.
The Company has incurred a loss of Rs. 1.537 Millions during the period.
This is essentially due to the pre-operative expenses incurred during the
period.
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
|
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
11 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.