MIRA
INFORM REPORT
|
Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MITSUBISHI CORPORATION INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
MC INTERNATIONAL INDIA PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Birla Tower, 25 Barakhamba Road, New Delhi –
110001, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-79069 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1200.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201DL1996PTC079069 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM4764G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers and Traders of Purified Terephthalic Acid, Steel Blanks and
Fork Tubes. |
|
|
|
|
No. of Employees
: |
Not Available |
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 7600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Mitsubishi Corporation, Japan. It is an
established company having a moderate track record. Profitability of the company appears to be low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution.
|
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DECLINED
MANAGEMENT NON CO-OPERATIVE.
Contact No.: 91-11-43682300
LOCATIONS
|
Registered /
Head Office : |
5th Floor, Birla Tower, 25 Barakhamba Road, New Delhi –
110001, India |
|
Tel. No. : |
91-11-43682300/ 41503888 |
|
Fax No. : |
91-11-43682333/ 23736726 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
MUMBAI BRANCH: Telephone : 91-22-4230-0786 Facsimile : 91-44-24340022 2nd Floor, Hotel Le meridian Commercial
Towers, Windsor Place, New Delhi – 110001, India. Tel. No.:- 91-11-4368-2301 Facsimile :- 91-11-4368-2333 |
DIRECTORS
(AS ON 27.09.2013)
|
Name : |
Mr. Prince Madan |
|
Designation : |
Director |
|
Address : |
C – 20, East of Kailash, New Delhi - 110065, India |
|
Date of Birth/Age : |
28.09.1967 |
|
Date of Appointment : |
07.09.2010 |
|
DIN No. : |
03282439 |
|
Pan No.: |
AAKPM7441H |
|
|
|
|
Name : |
Mr. Nobuyuki Kato |
|
Designation : |
Whole Time Director |
|
Address : |
E-10/1, 3rd Floor, Vasant Vihar, New Delhi, India |
|
Date of Birth/Age : |
31.01.1980 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No. : |
05304549 |
|
Pan No.: |
CPLPK1804G |
|
|
|
|
Name : |
Mr. Tadao Yamamoto |
|
Designation : |
Director |
|
Address : |
1st Floor, 5 Anand Lok, Auguast Kranti Marg, New Delhi –
110049, India |
|
Date of Birth/Age : |
09.01.1965 |
|
Date of Appointment : |
23.08.2012 |
|
DIN No. : |
05355921 |
|
Pan No.: |
AFMPY7125D |
|
|
|
|
Name : |
Mr. Takehiro Fujioka |
|
Designation : |
Whole Time Director |
|
Address : |
2/28, 2nd Floor, Shanti Niketan, Delhi, India |
|
Date of Birth/Age : |
29.04.1975 |
|
Date of Appointment : |
23.08.2012 |
|
DIN No. : |
05358386 |
|
Pan No.: |
ABTPF2124A |
|
|
|
|
Name : |
Mr. Koji Otsuki |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.4607, The Imperial North Tower BB Nakashe Marg, Tardeo, Mumbai
400034, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1961 |
|
Date of Appointment : |
23.08.2012 |
|
DIN No. : |
06360882 |
|
Pan No.: |
AARPO6742Q |
|
|
|
|
Name : |
Mr. Hidehiko Kunitake |
|
Designation : |
Whole Time Director |
|
Address : |
C-5/5, 2nd Floor, Vasant Vihar, Delhi – 110021, India |
|
Date of Birth/Age : |
12.03.1962 |
|
Date of Appointment : |
21.09.2012 |
|
DIN No. : |
06380209 |
|
Pan No.: |
CSRPK8687G |
|
|
|
|
Name : |
Mr. Wataru Kato |
|
Designation : |
Whole time Director |
|
Address : |
Prestige Palladium Bayan Door Nos., 129-140, Grezms Road, Chennai,
Tamilnadu, India |
|
Date of Birth/Age : |
19.08.1973 |
|
Date of Appointment : |
22.11.2012 |
|
DIN No. : |
06431644 |
|
|
|
|
Name : |
Mr. Masakazu Sakakida |
|
Designation : |
Additional Director |
|
Address : |
13, Panchsheel Marg, Chankapuri, New Delhi, India |
|
Date of Birth/Age : |
11.11.1958 |
|
Date of Appointment : |
20.03.2013 |
|
DIN No. : |
06505056 |
|
Pan No.: |
ESIPS2244Q |
|
|
|
|
Name : |
Mr. Masaru Akiyama |
|
Designation : |
Director |
|
Address : |
E-25, 2nd Floor, Vasant Vihar, New Delhi – 110057, Delhi,
India |
|
Date of Birth/Age : |
07.07.1969 |
|
Date of Appointment : |
18.11.2013 |
|
DIN No. : |
06736988 |
|
|
|
|
Name : |
Mr. Ueki Toshiaki |
|
Designation : |
Whole Time Director |
|
Address : |
A-10/4, 2nd Floor, Rear Unit, Vasant Vihar, Delhi, India |
|
Date of Birth/Age : |
08.08.1963 |
|
Date of Appointment : |
26.04.2013 |
|
Pan No.: |
ADUPU7226K |
KEY EXECUTIVES
|
Name : |
Mr. Prince Madan |
|
Designation : |
Secretary |
|
Address : |
C – 20, East of Kailash, New Delhi - 110065, India |
|
Date of Birth/Age : |
28.09.1967 |
|
Date of Appointment : |
07.09.2010 |
|
Pan No.: |
AAKPM7441H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mitsubishi Corporation ( |
|
119999999 |
|
Mitsubishi |
|
1 |
|
|
|
|
|
Total |
|
120000000 |
(AS ON 27.09.2013)
Equity Shares Break – up
|
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 : |
Importers and Traders of Purified Terephthalic Acid, Steel Blanks and
Fork Tubes. |
||||||||||||
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|
||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Deutsche Bank ·
CITI Bank ·
Standard
Chartered Bank Parliament
Street, New Delhi, Delhi, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7 Floor, Building 10, Tower B, |
|
PAN No.: |
AABFD2095B |
|
Tel. No.: |
91-124-6792000 |
|
Fax No.: |
91-124-6792012 |
|
|
|
|
Holding and
Ultimate Holding Company : |
· Mitsubishi Corporation, Japan |
|
|
|
|
Associates/Subsidiaries
: |
· Agrex Asia Pte. Limited · Asia Modified Starch Company Limited · Diamond Gas Holdings SDN. BHD., Malaysia · India Metal One Steel Plate Processing · Manesar Steel Processing India Private Limited · MC Aviation Partners Americas · MC Aviation Partners Asia Inc. · MC Aviation Partners Inc. · MC Craftsman Machinery Pvt. Limited · MC Emerging Capital Partners B.V · MC Facilities Company Limited · MC Foods Limited · MC Energy, Inc. · Metal One Corporation, Japan · Metal One Corporation Indian Private Limited · Mitsubishi Australia Limited · Mitsubishi Corporation (Taiwan) Limited · Mitsubishi Corporation Fashion Company Limited · Mitsubishi Corporation Hong Kong Limited · MC International (Europe) Plc. · Mitsubishi Corporation Technos, Japan · Mitsubishi Corporation Unimetals (Japan) · Mitsubishi International Corporation, USA · Mitsubishi International Gmbh, Germany · Mitsubishi Int'L Polymer Trade Corp. · Mitsubishi Shoji Chemical Corporation · Mitsubishi Shoji Packaging Corporation · Mitsubishi Shoji Plastics Corporation · Nifast India Private Limited · Petro Diamond Singapore Pte. Limited · PT. MC Indonesia · Sinar Berlian SDN BHD, Malaysia · Thai-MC Company Limited, Thailand · Toyo Reizo Company Limited, Japan |
CAPITAL STRUCTURE
(AS ON 27.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Share |
Rs.10/- Each |
Rs.1200.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Share |
Rs.10/- Each |
Rs.1200.000 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 |
1200.000 |
1200.000 |
1200.000 |
|
(b) Reserves & Surplus |
690.765 |
571.251 |
466.794 |
|
(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) |
1890.765 |
1771.251 |
1666.794 |
|
|
|
|
|
|
(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 |
11.717 |
2.270 |
0.000 |
|
(d) long-term provisions |
31.933 |
20.856 |
14.165 |
|
Total Non-current Liabilities (3) |
43.650 |
23.126 |
14.165 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
91.511 |
0.000 |
|
(b) Trade payables |
8418.713 |
11546.002 |
10517.282 |
|
(c) Other current
liabilities |
45.284 |
28.191 |
36.210 |
|
(d) Short-term provisions |
1.688 |
1.174 |
1.083 |
|
Total Current Liabilities (4) |
8465.685 |
11666.878 |
10554.575 |
|
|
|
|
|
|
TOTAL |
10400.100 |
13461.255 |
12235.534 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
178.287 |
90.902 |
92.237 |
|
(ii) Intangible Assets |
2.983 |
0.247 |
4.908 |
|
(iii) Capital
work-in-progress |
9.341 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.423 |
20.000 |
20.000 |
|
(c) Deferred tax assets (net) |
66.834 |
30.485 |
24.050 |
|
(d) Long-term Loan and Advances |
572.115 |
360.445 |
131.629 |
|
(e) Other Non-current assets |
0.000 |
4.067 |
0.000 |
|
Total Non-Current Assets |
844.983 |
506.146 |
272.824 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
901.801 |
666.550 |
110.579 |
|
(c) Trade receivables |
7749.418 |
10610.697 |
10521.964 |
|
(d) Cash and cash
equivalents |
784.714 |
1474.926 |
1158.873 |
|
(e) Short-term loans and
advances |
63.521 |
65.782 |
47.532 |
|
(f) Other current assets |
55.663 |
137.154 |
123.762 |
|
Total Current Assets |
9555.117 |
12955.109 |
11962.710 |
|
|
|
|
|
|
TOTAL |
10400.100 |
13461.255 |
12235.534 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
42855.440 |
38813.462 |
39025.600 |
|
|
|
Other Income |
286.057 |
117.708 |
108.878 |
|
|
|
TOTAL |
43141.497 |
38931.170 |
39134.478 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
42934.349 |
38745.813 |
38969.175 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
207.148 |
185.357 |
165.303 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES/ DEPRECIATION |
33.187 |
30.425 |
47.401 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
173.961 |
154.932 |
117.902 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
54.447 |
50.475 |
40.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
119.514 |
104.457 |
77.396 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.90 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.28
|
0.27 |
0.\20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.41
|
0.40 |
0.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.69
|
1.16 |
0.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.05 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.11 |
1.13 |
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 |
No |
|
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 |
No |
|
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 LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Other Loans and Advances |
0.000 |
91.511 |
|
|
|
|
|
Total |
0.000 |
91.511 |
OPERATIONS REVIEW AND FUTURE OUTLOOK
The company
achieved a turnover of Rs.42855.440 Millions in the year, as compared to
turnover of Rs.38813.462 Millions in the previous year thereby showing an
increase of 9 %.
During the year,
the Company has earned a Profit after tax of Rs.119.513 Millions as compared to
the Profit after tax of Rs.104.457 Millions earned last year. Despite increase
in turnover Company has registered operational losses however the only profit booked
by the company is profit on sale of property (non- operational) approx.
Rs.172.463 Millions thus registering an after tax profit of Rs.119.513
Millions. The Directors are hopeful that the current year of the company shall
be encouraging.
NOTE
The Registered
Office of the company has been shifted from Vijaya Building, 2nd Floor, 17,
Barakhamba Road, New Delhi-110001, India to the present address w.e.f. 27.01.2010.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90368532 |
02/04/2004 |
30,000,000.00 |
STANDARD
CHARTERED BANK |
PARLIAMENT
STREET, NEW DELHI, INDIA |
- |
|
2 |
90385818 |
02/04/2004 |
30,000,000.00 |
STANDARD CHARTERED
BANK |
PARLIAMENT
STREET, NEW DELHI, INDIA |
- |
|
3 |
90368520 |
30/10/2003 |
30,000,000.00 |
SOCIETE GENERALE |
6TH FLOOR MOHAN
DEV, 13 TOLSTOY MARG, NEW DELHI, |
- |
|
4 |
90385800 |
09/10/2003 |
30,000,000.00 |
SOCIETE GENERALE |
13 TOLSTOY MARG,
NEW DELHI, INDIA |
- |
|
5 |
90368510 |
19/06/2003 |
100,000,000.00 |
DEUTSCHE BANK |
NEW DELHI
BRANCH, 15- 17 TOLSTOY MARG, NEW DELHI, INDIA |
- |
|
6 |
90385795 |
19/06/2003 |
100,000,000.00 |
DEUTSCHE BANK |
15- 17 TOLSTOY MARG,
NEW DELHI, INDIA |
- |
|
7 |
90368494 |
01/10/2002 |
75,000,000.00 |
DEUTSCHE BANK |
HAZARIMAL SOMANI
MARG, FORT, MUMBAI, MAHARASHTRA, |
- |
|
8 |
90385771 |
18/01/2002 |
75,000,000.00 |
DEUTSCHE BANK |
FORT, MUMBAI,
MAHARASHTRA, INDIA |
- |
|
9 |
90368447 |
01/08/2002 * |
20,000,000.00 |
THE HONGKONG
& SHANGHAI BANKING CORPORATION LTD. |
15 K.G. MARG,
NEW DELHI, INDIA |
- |
|
10 |
90385745 |
01/08/2002 * |
200,000,000.00 |
THE HONGKONG
& SHANGHAI BANKING CORPORATION |
15 KASTURBA GANDHI
MARG, NEW DELHI, INDIA |
- |
|
11 |
90368446 |
19/05/2000 |
64,000,000.00 |
DEUTSCHE BANK |
TOLSTOY HOUSE,
15- 17 TOLSTOY MARG, NEW DELHI, INDIA |
- |
|
12 |
90385744 |
19/05/2000 |
64,000,000.00 |
DEUTSCHE BANK |
TOLSTOY HOUSE,
NEW DELHI, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Plant and Machinery
· Electrical Fittings
· Furniture and Fixtures
· Vehicles
· Office Equipments
· Computers
· Leasehold Improvements
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.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.