1. Summary Information
|
|
|
Country |
|
|
Company Name |
RENAULT NISSAN
AUTOMOTIVE INDIA PRIVATE LIMITED |
Principal Name 1 |
Sano Toshihiko |
|
Status |
Moderate |
Principal Name 2 |
Brian Minto Duncan |
|
|
|
Registration # |
18-073002 |
|
Street Address |
Plot No. 1, Sipcot Industrial Estate, Oragadam, Mattur (Post),
Sriperumbudur – 602 105, Tamilnadu |
||
|
Established Date |
25.09.2007 |
SIC Code |
-- |
|
Telephone# |
91-44-37196983 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-67206016 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Engines and Motor Vehicles |
|
|
# of employees |
4500 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.40,017,215,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings
100.00% |
Banking |
Standard Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (35) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate
Holding Company |
Japan |
Nissan Motors
Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
36,461,430,000 |
Current Liabilities |
34,897,030,000 |
|
Inventories |
14,113,320,000 |
Long-term Liabilities |
20,317,460,000 |
|
Fixed Assets |
30,967,190,000 |
Other Liabilities |
56,150,000 |
|
Deferred Assets |
000 |
Total Liabilities |
55,270,640,000 |
|
Invest& other Assets |
9,151,050,000 |
Retained Earnings |
(4,594,870,000) |
|
|
|
Net Worth |
35,422,350,000 |
|
Total Assets |
90,692,990,000 |
Total Liab. & Equity |
90,692,990,000 |
|
Total Assets (Previous Year) |
12,413,200,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
104,773,600,000 |
Net Profit |
(1,706,960,000) |
|
Sales(Previous yr)/ Total Income |
13,694,330,000 |
Net Profit(Prev.yr) |
(390,640,000) |
MIRA
INFORM REPORT
|
Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RENAULT NISSAN AUTOMOTIVE INDIA PRIVATE LIMITED (w.e.f.13.03.2008) |
|
|
|
|
Formerly Known
As : |
RHOMBUS AUTOMOTIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1, Sipcot Industrial Estate, Oragadam, Mattur (Post),
Sriperumbudur – 602 105, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.09.2007 |
|
|
|
|
Com. Reg. No.: |
18-073002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40017.215
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34100TN2007PTC073002 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Purchase and Sale of Engines and Motor Vehicles. |
|
|
|
|
No. of Employees
: |
4500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 141680000[‘ |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Nissan Group, Japan and Renault
Group, Netherlands. It is an established company having moderate track record. There
appears some accumulated loss recorded by the company. Trade relations are reported as fair. Business is active. Payments are
reported to be slow. In view of strong capital base and strong promoter, the company can be
considered 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.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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
31-03-2012.
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No. 1, Sipcot Industrial Estate, Oragadam, Mattur (Post),
Sriperumbudur – 602 105, |
|
Tel. No.: |
91-44-37196983 / 37199999 |
|
Fax No.: |
91-44-67206016 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
2nd Floor, Krisp IT Park, 942, Vandalur - Kelambakkam Road,
Kizhakottayur, Chennai – 600 048, Tamilnadu, India |
|
Tel. No.: |
91-44-67480777 |
|
Fax No.: |
91-44-67480739 |
|
|
|
|
Marketing Office : |
Hover Automotive India Private Limited Grade Palladium, 5th Floor, B Wing, 175, CSt Road, Kalina, Santacruz
(East), Mumbai-400098, Maharashtra, India |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Sano Toshihiko |
|
Designation : |
Managing Director |
|
Address : |
5/120, Dr. Seshadri Avenue, Injambakkam Village, Chennai-600041, Tamilnadu,
India |
|
Date of Birth/Age : |
24.06.1956 |
|
Date of Appointment : |
30.04.2012 |
|
Din No.: |
05332346 |
|
|
|
|
Name : |
Brian Minto Duncan |
|
Designation : |
Director |
|
Address : |
Room 1901, 19/F, 80 Kennedy Road, Bamboo Grave, Wan Chai, Hong Kong |
|
Date of Birth/Age : |
30.06.1975 |
|
Date of Appointment : |
27.09.2013 |
|
Din No.: |
06695925 |
KEY EXECUTIVES
|
Name : |
Rajeswari Nachiappan |
|
Designation : |
Secretary |
|
Address : |
7/11, Balaji Homes, Flat No. G3, Abhi Apartments, Brahmin Stret,
Nemilichery, Chrompet-600044, Tamilnadu, India |
|
Date of Birth/Age : |
27.01.1987 |
|
Date of Appointment : |
25.09.2013 |
|
Pan No.: |
AIDPN0185A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Renault Group BV, The Netherlands |
|
1200516500 |
|
Nissan Motor Company Limited, Japan |
|
2801205000 |
|
|
|
|
|
TOTAL
|
|
4001721500 |
AS ON 27.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Purchase and Sale of Engines and Motor Vehicles. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Engines |
Nos. |
400000 |
400000 |
200000 |
|
Vehicle |
Nos. |
400000 |
400000 |
200000 |
GENERAL INFORMATION
|
No. of Employees : |
4500 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Standard Chartered Bank |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
TPL House No. 3, |
|
Tel. No.: |
91-44-42194400 |
|
Fax No.: |
91-44-24311450 |
|
PAN No: |
AABFS3421N |
|
|
|
|
Ultimate Holding Company: |
Nissan Motors
Company Limited, Japan |
|
|
|
|
Fellow Subsidiaries : |
·
Renault Nissan Technology and Business Centre
India Private Limited [U50401TN2007PTC064840] ·
Renault India Private Limited
[U34100TN2005FTC078835] ·
Nissan Motor (Thailand) Company Limited ·
Nissan Motor India Private Limited ·
Nissan Trading Company Limited, Japan ·
Nissan Trading Europe Limited ·
Renault Group BV, Netherlands ·
Renault Nissan Global Management SA ·
Renault S.A.S ·
Renault Samsung Motors ·
Nissan (China) Investment Company Limited ·
Nissan Forklift Company Limited ·
Nissan Motor Iberica S.A. ·
Nissan Trading China Company Limited |
|
|
|
|
Associates : |
·
Ashok Leyland Nissan Vehicles Limited
[U34102TN2008PLC067839] ·
Nissan Trading India Private Limited
[U50404TN2011FTC081480] |
|
|
|
|
Joint Venture : |
·
Nissan Motor Company Limited, Japan ·
Renault Group BV, Netherlands |
|
|
|
|
Other Related Parties : |
·
Nissan (China) Investment Company Limited ·
Nissan Creative Services Company Limited ·
Nissan Europe SAS ·
Yulon Nissan Motor company Limited ·
Ashok Leyland Nissan Vehicles Limited ·
Nissan Motor (Thailand) Company Limited ·
Nissan Motor Iberica S.A. ·
Nissan Mexicana, SA De.C.V. ·
Nissan Forklift Company Limited ·
Nissan Motor India Private Limited ·
Nissan Motor Manufacturing (UK) Limited ·
Nissan Power train (Thailand) Company Limited ·
Nissan Shanghai Company Limited ·
Nissan Trading China Company Limited ·
Nissan Trading Company Limited, Japan ·
Nissan Trading India Private Limited ·
Nitco Siam Company Limited ·
Nissan Trading Europe Limited ·
Renault-Nissan Global Management SA ·
Renault Espana S A ·
Renault Group BV, Netherlands ·
Renault India Private Limited ·
Renault Nissan Technology and Business Centre India
Private Limited ('RNTBCI') ·
Nissan Trading Company Limited-Exp PT Part, Japan ·
Renault Samsung Motors, South Korea ·
Renault Tanger Mediterranean SA |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4500000000 |
Equity Shares |
Rs.10/- each |
Rs.45000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4001721500 |
Equity Shares |
Rs.10/- each
|
Rs.40017.215
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40017.220 |
18917.220 |
18917.220 |
|
(b) Reserves & Surplus |
(4594.870) |
(2887.910) |
(2497.270) |
|
(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) |
35422.350 |
16029.310 |
16419.950 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6517.460 |
5513.480 |
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 |
53.700 |
22.820 |
10.460 |
|
Total Non-current Liabilities (3) |
6571.160 |
5536.300 |
10.460 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
13800.000 |
0.000 |
0.000 |
|
(b) Trade payables |
24978.330 |
11506.930 |
873.890 |
|
(c) Other current
liabilities |
9918.700 |
3793.170 |
3340.820 |
|
(d) Short-term provisions |
2.450 |
6.450 |
2.970 |
|
Total Current Liabilities (4) |
48699.480 |
15306.550 |
4217.680 |
|
|
|
|
|
|
TOTAL |
90692.990 |
36872.160 |
20648.090 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
30895.390 |
20654.080 |
13895.450 |
|
(ii) Intangible Assets |
71.800 |
22.360 |
32.740 |
|
(iii) Capital
work-in-progress |
9151.050 |
1612.040 |
404.220 |
|
(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 |
3840.510 |
2170.480 |
664.210 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
43958.750 |
24458.960 |
14996.620 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14113.320 |
5999.960 |
948.910 |
|
(c) Trade receivables |
19233.210 |
2636.680 |
2419.600 |
|
(d) Cash and cash
equivalents |
80.480 |
177.680 |
185.930 |
|
(e) Short-term loans
and advances |
11688.460 |
3459.520 |
1457.690 |
|
(f) Other current
assets |
1618.770 |
139.360 |
639.340 |
|
Total Current Assets |
46734.240 |
12413.200 |
5651.470 |
|
|
|
|
|
|
TOTAL |
90692.990 |
36872.160 |
20648.090 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
104773.660 |
13694.330 |
|
|
|
|
Other Income |
7429.490 |
1161.090 |
|
|
|
|
TOTAL (A) |
112203.150 |
14855.420 |
7784.410 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
110232.070 |
13994.840 |
6939.660 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1971.080 |
860.580 |
844.750 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
891.500 |
173.980 |
1.520 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1079.580 |
686.600 |
843.230 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2786.540 |
1077.240 |
762.910 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(1706.960) |
(390.640) |
80.320 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(1706.960) |
(390.640) |
80.320 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Revenue |
0.190 |
0.000 |
|
|
|
|
Exports Sales On F.O.B Basis |
23.090 |
1.620 |
|
|
|
TOTAL EARNINGS |
23.280 |
1.620 |
3.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
49469.300 |
8848.100 |
3035.000 |
|
|
|
Capital Goods |
9228.780 |
4411.540 |
226.060 |
|
|
TOTAL IMPORTS |
58698.080 |
13259.640 |
3261.060 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.43) |
(0.21) |
0.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(1.52)
|
(2.63) |
1.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.63)
|
(2.85) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.09)
|
(1.11) |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57
|
0.34 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
0.81 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
BACKGROUND:
Subject was
incorporated on September 25, 2007. The Company has been incorporated as a
Joint venture between Renault Group BV, Netherlands and Nissan Motor Company
Limited, Japan. The Company is engaged in the manufacture of power trains for
sale to its group Company, Nissan Motor India Private Limited (NMIPL). The
Company also acts as an infrastructure service provider (including manpower and
machinery) to its group Company, NMIPL effective April 1, 2009. The Company has
commenced the commercial production of power train plant on February 5, 2010.
NOTE:
The Registered Office of the company has been shifted from
FIXED ASSETS:
·
Leasehold land
·
Building
·
Plant and machinery
·
Computers and other peripherals
·
Office Equipment
·
Furniture and Fittings
·
Vehicles
·
Tools
·
Computer Software
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.05 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.