MIRA
INFORM REPORT
|
Report Date : |
04.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOMATSU INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No.A-1, SIPCOT Industrial Park, Growth Centre, Orgadam, Sriperumbudur Taluk, Chennai – 602105, Tamilnadu
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
19.12.2005 |
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Com. Reg. No.: |
18-058357 |
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Capital
Investment / Paid-up Capital : |
Rs. 4645.000 Millions |
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CIN No.: [Company Identification
No.] |
U29244TN2005PTC058357 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK07797G |
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PAN No.: [Permanent Account No.] |
AACCK7292H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of construction equipment like, excavator, dumper |
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No. of Employees
: |
600
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 8800000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “ KOMATSU ASIA AND PACIFIC PTE LIMITED,
SINGAPOREAN”. It is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile marked by continuous accumulated losses that company has
incurred over a year and below average financial performance of the company. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST Global
which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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. Ragav |
|
Designation : |
Finance Department |
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Contact No.: |
91-080-23556021 |
|
Date : |
02.07.2014 |
LOCATIONS
|
Registered Office / Plant/ Head office: |
Plot No.A-1, SIPCOT Industrial Park, Growth Centre, Orgadam, Sriperumbudur Taluk, Chennai – 602105, Tamilnadu,
India |
|
Tel. No.: |
91-44-27155000/ 27155065/ 27155090/ 27155072/ 27155085 |
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Fax No.: |
91-44-27155085 |
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E-Mail : |
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Website : |
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Branch Office : |
Pride Quadra 1st Floor, No. 30, Bellary
Road, Hebbal, Bangalore – 560024, Karnataka, India |
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Tel. No.: |
91-80-23556021 |
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Fax No.: |
91-80-23556020 |
DIRECTORS
As on: 21.08.2013
|
Name : |
Jun Takashima |
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Designation : |
Director |
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Address : |
Row House 136 B, Shoba Malachite, 3rd
Phase, Hakkur Plantaions,
Jakkur Post Yelahanka,
Bangalore – 560024, Karnataka, India |
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Date of Birth/Age : |
20.07.1962 |
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Date of Appointment : |
20.04.2011 |
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DIN No.: |
03591878 |
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Name : |
Isao Oya |
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Designation : |
Director |
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Address : |
No.5, Bougainvillea, 11 And 12,Bishop Wallers
Avenue, CIT Colony Mylapore, Chennai – 600004, Tamilnadu, India |
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Date of Birth/Age : |
04.01.1967 |
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Date of Appointment : |
02.01.2012 |
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DIN No.: |
05195441 |
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Name : |
Kiyoshi Mizuhara |
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Designation : |
Managing Director |
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Address : |
Flat No. 203, 1st Floor, Embassy Orchid,Sadashiva
Nagar, Bangalore – 560080, Karnatka,
India |
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Date of Birth/Age : |
13.01.1960 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06574215 |
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Name : |
Hidetoshi Yamashita |
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Designation : |
Director |
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Address : |
Block A2 403, Uniword City Sector – 30 And
41, Gurgaon – 122001,Haryana, India |
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Date of Birth/Age : |
01.04.1963 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06574219 |
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Name : |
Takehiko Yoshioka |
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Designation : |
Director |
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Address : |
2-33-28 Ekoda Aoba-Ku, Ykohama-City,
Japan – 225-0005 |
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Date of Birth/Age : |
17.03.1962 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06631489 |
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Name : |
Naoki Fujita |
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Designation : |
Director |
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Address : |
2-3-8, Sakuragawa Mito-Shi Lbaraki, Japan – 310-0801 |
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Date of Birth/Age : |
01.05.1959 |
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Date of Appointment : |
17.07.2013 |
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DIN No.: |
06688797 |
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KEY EXECUTIVES
|
Name : |
Mr. T. Lakshminarayana |
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Designation : |
Company Secretary |
|
Address : |
35, Bajanai Koli
Street, Choolaimedu, Chennai – 600094, Tamilnadu, India |
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Date of Birth/Age : |
31.07.1967 |
|
Date of Appointment : |
02.01.2009 |
|
PAN No : |
AAGPT5228H |
|
Name : |
Mr. Ragav |
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Designation : |
Finance Department |
MAJOR SHAREHOLDERS
As on: 21.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Komatsu Asia and Pacific Pte. Limited,
Singapore |
|
464499999 |
|
Komatsu Parts Asia Company Limited, Thailand |
|
1 |
|
Komatsu Limited |
|
204545454 |
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|
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Total |
|
669045454 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of construction equipment like, excavator, dumper |
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Products : |
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Exports : |
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Countries : |
Japan |
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Imports : |
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Countries : |
·
Indonesia ·
Ethiopia |
GENERAL INFORMATION
|
No. of Employees : |
600
(Approximately) |
|
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Bankers : |
·
City Bank, N.A., Chennai, Tamilnadu,
India · Deutsche Bank, Chennai, Tamilnadu, India · Standard Chartered Bank Chennai, Tamilnadu, India · Indian Bank, Chennai, Tamilnadu, India · State Bank of Mysore-Bangalore, Karnataka, India · Mizuho Corporate Bank, New Delhi, India · The Bank of Tokyo –Mitsubishi UFJ, Limited, Chennai · Standard Chartered Bank ·
State Bank of India, Oragadam |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
10, Mahatma Gandhi Road, Nungambakkam,
Chennai – 600034, Tamilnadu, India |
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PAN No.: |
AAAFB9852F |
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Ultimate Holding Company: |
Komatsu Limited, Japan (KL) |
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Holding Company: |
Komatsu Asia and Pacific Pte Limited,
Singapore (KAP) |
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Fellow Subsidiaries : |
· PT Komatsu Indonesia (PT.KI) · Komatsu Logistics Corporation, Japan (KLC) · Komatsu Shantui Construction Machinery Company Limited (KSCM) · Komatsu (Changzhou) Construction Company. (KCC) · Komatsu America Company (KAC) · Komatsu Industries Corporation (KIC) · PT Komatsu Under Carriage (PT.KUC) · Komatsu (Shanghai) Limited. (KSL) · Komatsu Industries (Thailand) Company., Limited ("KIT") · Komatsu Industries Europe Gmbh ("KIE") · Komatsu Parts Asia Company. Limited. ("KPA") · Komatsu Castex Limited (KCL) · Komatsu Engineering Company (KEC) · Komatsu Europe International NV (KEI) · Komatsu General Services Limited (KGSL) · Komatsu Mining Germany GmbH (KMG) · Komatsu Southern Africa (Pty) Limited (KSA) · Komatsu Utility Company Limited ( KUCL) · PT Komatsu Marketing & Support ID (PT.KMS) · Bangkok Komatsu Company. Limited. (BKCL) · Hensley Industries Inc. (HII) · Komatsu Under Carriage, China (KUCC) · PT.Komatsu Patria Attachment (''PT.KPA') ·
Komatsu Manufacturing Russia LLC (KMR) |
CAPITAL STRUCTURE
As on: 28.01.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
669045454 |
Equity Shares |
Rs.10/- each |
Rs. 6690.455 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
669045454 |
Equity Shares |
Rs.10/- each |
Rs. 6690.455 Millions |
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
464500000 |
Equity Shares |
Rs.10/- each |
Rs. 4645.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
464500000 |
Equity Shares |
Rs.10/- each |
Rs. 4645.000 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 |
4645.000 |
4645.000 |
4645.000 |
|
(b) Reserves & Surplus |
(2443.925) |
(2008.529) |
(2140.560) |
|
(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) |
2201.075 |
2636.471 |
2504.440 |
|
|
|
|
|
|
(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 |
45.132 |
41.217 |
29.634 |
|
Total Non-current Liabilities (3) |
45.132 |
41.217 |
29.634 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3110.583 |
4222.988 |
2082.725 |
|
(b) Trade payables |
562.327 |
1278.800 |
644.524 |
|
(c) Other current
liabilities |
270.015 |
173.281 |
151.643 |
|
(d) Short-term provisions |
22.344 |
10.565 |
29.762 |
|
Total Current Liabilities (4) |
3965.269 |
5685.634 |
2908.654 |
|
|
|
|
|
|
TOTAL |
6211.476 |
8363.322 |
5442.728 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
737.441 |
753.805 |
748.998 |
|
(ii) Intangible Assets |
6.617 |
7.813 |
6.344 |
|
(iii) Capital
work-in-progress |
7.177 |
0.649 |
0.607 |
|
(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 |
276.241 |
296.065 |
257.658 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.045 |
|
Total Non-Current Assets |
1027.476 |
1058.332 |
1013.652 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2739.682 |
2853.868 |
2187.232 |
|
(c) Trade receivables |
1353.652 |
2792.504 |
1152.236 |
|
(d) Cash and cash
equivalents |
172.149 |
89.713 |
188.311 |
|
(e) Short-term loans and
advances |
906.153 |
1496.276 |
847.445 |
|
(f) Other current assets |
12.364 |
72.629 |
53.852 |
|
Total Current Assets |
5184.000 |
7304.990 |
4429.076 |
|
|
|
|
|
|
TOTAL |
6211.476 |
8363.322 |
5442.728 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6415.390 |
8890.580 |
4225.160 |
|
|
|
Other Income |
462.890 |
667.560 |
411.750 |
|
|
|
TOTAL (A) |
6878.280 |
9558.140 |
4636.910 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
7115.290 |
9155.110 |
4949.950 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(237.010) |
403.030 |
(313.040) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
107.850 |
179.760 |
75.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(344.860) |
223.270 |
(388.140) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
90.530 |
91.240 |
63.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX (E-F) (G) |
(435.390) |
132.030 |
-452.030 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX (G-H) (I) |
(435.390) |
132.030 |
(452.030) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(2008.530) |
(2140.560) |
(1688.528) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(2443.920) |
(2008.530) |
(2140.560) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.65) |
0.20 |
(0.68) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(6.33) |
3.26 |
(8.13) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(6.79) |
3.51 |
(8.92) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.02) |
3.73 |
(6.93) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.20) |
0.12 |
(0.15) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41 |
1.60 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.28 |
1.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
4645.000 |
4645.000 |
4645.000 |
|
Reserves & Surplus |
(2140.560) |
(2008.529) |
(2443.925) |
|
Net
worth |
2504.440 |
2636.471 |
2201.075 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2082.725 |
4222.988 |
3110.583 |
|
Total
borrowings |
2082.725 |
4222.988 |
3110.583 |
|
Debt/Equity
ratio |
0.832 |
1.602 |
1.413 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4225.160 |
8890.580 |
6415.390 |
|
|
|
110.420 |
(27.841) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4225.160 |
8890.580 |
6415.390 |
|
Profit |
(435.390) |
132.030 |
(452.030) |
|
|
(10.30%) |
1.49% |
(7.05%) |
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 |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
ISO
14001Certification:
As informed earlier, your Company has obtained the SIO14001:2004 certification from Bureau VERITAS Certification (India) Private Limited on 8th January 2010 and has become an environmental friendly company. The validity of the certificate is subject to compliance of annual surveillance audit. The Re-certification is due for renewal in November 2014.
OPERATIONS AND
FINANCIAL RESULTS :
The company has successfully completed the Sixth completed year of operations from its Chennai factory and has produced 131 machines and sold 130 machines during the year in spite of sever economic recession, delay in granting of licenses or approvals or elearances to the mining customers by the respective government departments during the year.
Being the sixth year of operations, the company has taken steps to improve the selling price over a period of time by increasing the proportion of localization of inputs, However, it could not improve the selling price of the domestic products due to severe completion from other players in the market. As a result it could not earn the profits due reasons cited above. This coupled with unfavorable exchange rate movement rate movement and increase in input cost has resulted in loss for the year.
UNSECURED LOAN :
(Rs. In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Term Loan form Bank |
1438.583 |
1752.469 |
|
Working Capital Loans from Banks |
1672.000 |
688.581 |
|
Loan Repayable on Demand |
0.000 |
1781.938 |
|
Total |
3110.583 |
4222.988 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS
Tangible Assets
· Land Improvements
· Building
· Factory Building
· Office Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Livestock
· Railway Sidings
· Mines Quarries
Intangible Assets
· Knowhow
· Computer Software
· Patents Trademarks Design
· Licenses
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.59.72 |
|
|
1 |
Rs.102.45 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
YOG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.