MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASB INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-9, MIDC, Additional Ambarnath Industrial Area, Anand Nagar,
Ambarnath (East), Thane – 421506, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.02.1997 |
|
|
|
|
Com. Reg. No.: |
11-134840 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.420.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1997PTC134840 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA05068A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA8424F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Plastic Mould Machines. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There
appears some dip in the profitability of the company during current year.
However, general financial position of the company is good. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Note: Banker has
denied to disclose any detail of the subject to us. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sameer |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-251-2625000 |
|
Date : |
07.03.2013 |
LOCATIONS
|
Registered Office : |
E-9, MIDC, Additional Ambarnath Industrial Area, Anand Nagar, Ambarnath
(East), Thane – 421506, Maharashtra, India |
|
Tel. No.: |
91-251-2625000/ 2621802/ 2621803/ 2621804 |
|
Fax No.: |
91-251-2621815/ 2625035/ 2625055/ 2621805 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq ft |
|
Location : |
Owned |
|
|
|
|
Branch 1 : |
309-311, Ansal Chambers-II, 6, Bhikaji Cama Place, New Delhi – 110066, India |
|
Tel. No.: |
91-11-26181615 |
|
Location : |
Rented |
|
|
|
|
Branch 2 : |
No.8, First Floor, Saena Circle, 37/2, Duraiswamy Road, T. Nagar, Chennai – 600017, Tamilnadu, India |
DIRECTORS
As on: 21.07.2012
|
Name : |
Koichiro Mitsuyasu |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 2304, Torino Building, Hiranandani, Powai, Mumbai – 400086,
Maharashtra, India |
|
Date of Birth/Age : |
10.01.1948 |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
AIVPM0605J |
|
DIN No.: |
00016649 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
1-4-5, Midorigaoka, Ueda, Nagano, Japan |
|
Date of Birth/Age : |
15.11.1972 |
|
Date of Appointment : |
04.08.1997 |
|
DIN No.: |
01558065 |
|
|
|
|
Name : |
Mr. Koichi Shigekazu Kondo |
|
Designation : |
Director |
|
Address : |
Nagano Ken Kurashina - 973, Chikuma Shi, Japan |
|
Date of Birth/Age : |
17.10.1958 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
03517243 |
|
|
|
|
Name : |
Mr. Rajkumar Bhagchand Jagyasi |
|
Designation : |
Whole Time Director |
|
Address : |
Sharda Castles, C-Wing, 204, 2nd Floor, Opposite Bank of
Maharashtra, Ulhasnagar, Thane – 421004, Maharashtra, India |
|
Date of Birth/Age : |
11.12.1963 |
|
Date of Appointment : |
09.06.2006 |
|
PAN No.: |
ABGPJ4149J |
|
DIN No.: |
01386004 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Ms. Gargi Ranade |
|
Designation : |
Secretary |
|
Address : |
1-13 Parimal Co-operative Housing Society Limited, Deendayal Road,
Vishnu, Dombivali, Thane – 421202, Maharashtra, India |
|
Date of Birth/Age : |
23.10.1982 |
|
Date of Appointment : |
21.04.2009 |
|
Pan No.: |
ALSPR4314F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 21.07.2012
|
Names of Shareholders |
|
No. of Equity
Shares |
|
Nissei ASB Machine Company Limited, |
|
35999998 |
|
Nissei ASB Pte Limited, Singapore |
|
2 |
|
|
|
|
|
Total
|
|
36000000 |
|
Names of Shareholders |
|
No. of
Preference Shares |
|
Nissei ASB Machine Company Limited, |
|
6000000 |
|
|
|
|
|
Total
|
|
6000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 21.07.2012
|
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 : |
Manufacturer, Importer and Exporter of Plastic Mould Machines. |
|
|
|
|
Products : |
Finished Goods |
|
Countries : |
·
European Countries ·
Japan ·
USA |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
Japan ·
Taiwan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Container Design,
Mould Design, Mould, Injection Un its, Blow Molding, Machine ( Partly
assembled and fully assembled) and components and parts thereof, Machine
Design, Machine part, design and any such related ancillary |
Pieces |
1400 |
-- |
|
Machines/ Semi finished machines |
Nos. |
-- |
482 |
|
Molds/ Mold Parts |
Nos. |
-- |
703 |
GENERAL INFORMATION
|
Customers : |
End Users, OEM’s and Manufacturer
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
800 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· Bank of Tokyo-Mitsubishi Limited, Vinay K Shah Marg, Nariman Point, Mumbai - 400021, Maharashtra, India · Mizuho Corporate Bank Limited, Maker Chambers, 3, Jamnalal Bajaj Road, Mumbai - 400021, Maharashtra, India Tel. No.: 91-22-22886638 · HDFC Bank Limited ·
ICICI
Bank Limited ·
Bank of Baroda · The Shamrao Vithal Co-operative Bank Limited |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
27th - 32nd Floor, Tower 3, Indiabulls, Finance Center, Senapati Bapat Road , Off Elphinstone Road West, Inside Elphinstone Mill Compound, Elphinstone, Mumbai – 400013, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Fellow Subsidiary
Company : |
· Nissei ASB Limited, (UK) · Nissei ASB Limited, (Singapore) · Nissei ASB GmbH., (Germany) · Nissei ASB Centro America (Mexico) · Nissei ASB Company (Atlanta), USA · Shanghai Machine Company Limited, (China) · Nissei ASB South Africa (Pty) Limited · AS B P T E (Thailand) Company Limited · Nissei ASB FZE Dubai · Nissei ASB Mediterranea SL |
|
|
|
|
Holding Company : |
Nissei ASB Machine Company Limited, (Japan) |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 Millions |
|
40000000 |
Preference Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.760.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 Millions |
|
6000000 |
Preference Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.420.000 Millions
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
420.000 |
520.000 |
620.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
992.651 |
845.545 |
634.909 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1412.651 |
1365.545 |
1254.909 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
563.153 |
143.061 |
0.000 |
|
|
2] Unsecured Loans |
23.850 |
25.689 |
231.989 |
|
|
TOTAL BORROWING |
587.003 |
168.750 |
231.989 |
|
|
DEFERRED TAX LIABILITIES |
28.602 |
20.528 |
12.822 |
|
|
|
|
|
|
|
|
TOTAL |
2028.256 |
1554.823 |
1499.720 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
723.124 |
560.120 |
550.332 |
|
|
Capital work-in-progress |
34.804 |
4.437 |
5.835 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.002 |
0.002 |
0.003 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
876.876
|
903.620 |
694.792
|
|
|
Sundry Debtors |
229.129
|
285.053 |
163.629
|
|
|
Cash & Bank Balances |
360.551
|
219.306 |
616.124
|
|
|
Other Current Assets |
9.275
|
5.219 |
0.000
|
|
|
Other Non Current Assets |
11.822
|
17.196 |
0.000 |
|
|
Loans & Advances |
343.530
|
157.803 |
105.232 |
|
Total
Current Assets |
1831.183
|
1588.197 |
1579.777 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
326.232
|
355.265 |
309.436 |
|
|
Other Current Liabilities |
194.340
|
137.024 |
144.525
|
|
|
Provisions |
40.285
|
105.644 |
182.266
|
|
Total
Current Liabilities |
560.857
|
597.933 |
636.227 |
|
|
Net Current Assets |
1270.326
|
990.264 |
943.550
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2028.256 |
1554.823 |
1499.720 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
2916.569 |
3121.119 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
2560.125 |
2641.471 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
356.444 |
479.648 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
9.567 |
6.049 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
346.877 |
473.599 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
87.639 |
74.738 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
259.238 |
398.861 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
95.475 |
95.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
163.763 |
303.654 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
548.120 |
452.683 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend paid / proposed on Preference Shares |
|
14.333 |
26.000 |
|
|
|
Dividend paid / proposed on Equity Shares |
|
0.000 |
54.000 |
|
|
|
Dividend Distribution tax |
|
2.325 |
13.017 |
|
|
|
Transfer to Cap ital Redemption Reserve |
|
100.000 |
100.000 |
|
|
|
Transfer to General Reserve |
|
0.000 |
15.200 |
|
|
BALANCE CARRIED
TO THE B/S |
|
595.225 |
548.120 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
1518.217 |
1741.190 |
|
|
TOTAL EARNINGS |
|
1518.217 |
1741.190 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
1103.690 |
|
|
|
Stores & Spares |
|
|
33.207 |
|
|
|
Capital Goods |
|
|
54.681 |
|
|
TOTAL IMPORTS |
|
NA |
1191.578 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
3.90 |
7.59 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Services (Net) |
|
|
2500.464 |
|
|
|
Other Income |
|
|
48.892 |
|
|
|
TOTAL (A) |
|
|
2549.356 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials/ Bought Out Items Consumed |
|
|
1155.381 |
|
|
|
Manufacturing Expenses |
|
|
292.515 |
|
|
|
Personnel Cost |
|
|
235.560 |
|
|
|
Administration and Selling Expenses |
|
|
131.194 |
|
|
|
Other General Expenses |
|
|
9.501 |
|
|
|
Increase/Decrease in Stock |
|
|
65.583 |
|
|
|
TOTAL
(B) |
|
|
1889.734 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
659.622 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
11.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
648.495 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
123.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
524.848 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
102.593 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
422.255 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
403.329 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend on: |
|
|
|
|
|
|
- Preference Shares |
|
|
35.167 |
|
|
|
- Dividend Distribution Tax thereon |
|
|
5.976 |
|
|
|
Equity Shares: |
|
|
|
|
|
|
- Interim |
|
|
54.000 |
|
|
|
- Final Proposed |
|
|
108.000 |
|
|
|
- Dividend Distribution Tax thereon |
|
|
27.532 |
|
|
|
Transfer to General Reserve |
|
|
42.226 |
|
|
|
Transfer to capital Redemption Reserve |
|
|
100.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
452.683 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
1021.586 |
|
|
|
Service Income |
|
|
0.000 |
|
|
TOTAL EARNINGS |
|
|
1021.586 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
658.497 |
|
|
|
Stores & Spares |
|
|
23.334 |
|
|
|
Capital Goods |
|
|
45.688 |
|
|
TOTAL IMPORTS |
|
|
727.519 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
10.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.61 |
9.73 |
16.56
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
20.99
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.15 |
18.57 |
24.64
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.29 |
0.42
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.42 |
0.12 |
0.18
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.26 |
2.66 |
2.48
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
- Due to micro and
small enterprises |
|
|
1.280 |
|
- Due to others |
|
|
308.156 |
|
Total |
326.232
|
355.265 |
309.436 |
|
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Other loans and advances, others |
23.850 |
25.689 |
|
|
|
|
|
Total |
23.850 |
25.689 |
PERFORMANCE
The year is the Company’s Twelfth full year of operation. The Year 2011-12 witnessed difficult economic backdrop as the world was emerging from the shadows of the grim recessionary period. Over the last few years, volatility and uncertainties have become the “new normal” and the F. Y. 2011-12 has proved to be no difference. Though worst case scenario for the global economy have not come to pass, the Company responded to these challenges in a timely manner and delivered Net Profit of Rs.163.763 Millions for the year.
FUTURE OUTLOOK
The Company expects a healthy growth in coming years. To keep pace with the demand, the Company proposes to produce more series of machines and increase the production.
In upcoming years the Company proposes to step up commitments to build organizational capacity, management bandwidth and the ability to execute our strategic initiatives. This is critical commitment to build a process and performance based organization. It is essential to strengthen these platforms to achieve Company’s next phase of expansion.
FIXED ASSETS:
Tangible Assets
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Leasehold Improvements
Intangible Assets
· Computer Software
· Know-how
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.