MIRA
INFORM REPORT
|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MARUBENI INDIA PRIVATE LIMITED |
|
|
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|
Registered
Office : |
5th Floor, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
21.05.1996 |
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Com. Reg. No.: |
55-079036 |
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Capital
Investment / Paid-up Capital : |
Rs. 801.320 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U74899DL1996PTC079036 |
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|
PAN No.: [Permanent Account No.] |
AAACM6413A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Metal, Steels, Oil Gas, Chemicals, etc. |
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|
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|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4330000 |
|
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of Marubeni Corporation Japan. It is an established company having satisfactory track record. There seems some dip in the profit of the company during 2013.
However, general financial position of the company is normal and acceptable
for business dealing. No borrowings recorded by the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered normal for 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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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. Subramanian |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-67525552 |
|
Date : |
05.07.2014 |
LOCATIONS
|
Registered Office : |
5th Floor, Lotus Towers, Community Centre, New Friends
Colony, New Delhi – 110025, India |
|
Tel. No. : |
91-11-4129 5555 |
|
Fax No. : |
91-11-4129 5585 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at · New Delhi Mumbai Kolkata Goa Chennai Japan |
DIRECTORS
As on 27.09.2013
|
Name : |
Yutaka Sekine |
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|
Designation : |
Managing Director |
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|
Address : |
4, Southern Avenue, Maharani Bagh, New Delhi
– 110025, India |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
01.03.1960 |
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Date of Appointment : |
27.09.2013 |
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DIN No. : |
02427072 |
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Other Directorship :
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|||||||||||||||||||||||||||
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Name : |
Hitoshi Okamura |
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Designation : |
Whole-time director |
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|
Address : |
I Floor, E-2/4, Vasant Vihar,
New Delhi – 110057, India |
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|
Date of Birth/Age : |
16.11.1970 |
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|
Date of Appointment : |
29.08.2011 |
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DIN No. : |
03498471 |
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Other Directorship :
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Name : |
Shinichi Yoshinaga |
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Designation : |
Whole-time director |
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|
Address : |
III Floor, 5, Navjeevan Vihar,
New Delhi – 110017, India |
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Date of Birth/Age : |
02.04.1966 |
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Date of Appointment : |
20.09.2012 |
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DIN No. : |
05273731 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Kshitij Kumar |
|
Designation : |
Secretary |
|
Address : |
A-4/47, I Floor, Alok Kunj,
Sector-15, Delhi – 110089, India |
|
Date of Birth/Age : |
15.01.1981 |
|
Date of Appointment : |
01.12.2008 |
|
PAN No.: |
APDPK9477K |
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|
|
|
Name : |
Mr. Subramanian |
|
Designation : |
Finance Head |
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|
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|
Name : |
Mr. Anil Kumar Sharma |
|
Designation : |
Executive Officer |
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|
Name : |
Takashi Akai |
|
Designation : |
General Manager |
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|
Name : |
Nobuhiro Iwasaki |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Marubeni Corporation, Japan |
80131963 |
|
Yutaka Sekine (As Nominee of Marubeni
Corporation) |
1 |
|
Total |
80131964 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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 : |
Trader of Metal, Steels, Oil Gas, Chemicals, etc. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
All over the world |
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Imports : |
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Products : |
Raw Material |
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Countries : |
All over the world |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and Others · Birla Group Bharat Petroleum |
|
|
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No. of Employees : |
120 (Approximately) |
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Bankers : |
Mizuho Bank, Maker Chamber, Mumbai, Maharashtra,
India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.V. Ghatalia and Associates LLP Chartered Accountants |
|
Address : |
Golf View Corporate Tower –B, Sector - 42, Sector Road, Gurgaon, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFS6921Q |
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Holding
Company: |
Marubeni Corporation, Japan |
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Fellow Subsidiary
Company: |
· Columbia Grain Inc. Marubeni Fashion Link Limited Marubeni Tekmatex Corporation Marubeni Metals Corporation Ravva Oil
Singapore Pte Limited Marubeni International Petroleum Singapore Co. Limited Marubeni Tetsugen Co. Limited Marubeni Chemical Asia Pte
Limited Marubeni Chemix Corporation Marubeni Protechs Corporation Marubeni Grain and Oilseeds Co. Marubeni Plax Corporation Marubeni Techno Sys tems
Corporation Marubeni Cement and Construction Material Marubeni Thailand Co. Limited Marubeni KoreaCorporation MarubeniEurope Plc Marubeni Tex Co. Limited Deganterus Marubeni SDN
BHD Marubeni ASEAN Pte. Limited Marubeni Hongkong and South
China Limited Marubeni Taiwan |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
86,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 860.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80,131,964 |
Equity Shares |
Rs.10/- each |
Rs. 801.320 Millions |
|
|
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|
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 |
801.320 |
801.320 |
801.320 |
|
(b) Reserves & Surplus |
280.963 |
128.368 |
(45.059) |
|
(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) |
1082.283 |
929.688 |
756.261 |
|
|
|
|
|
|
(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 |
36.850 |
37.716 |
28.775 |
|
Total Non-current Liabilities (3) |
36.850 |
37.716 |
28.775 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
66.783 |
75.549 |
51.549 |
|
(c) Other current
liabilities |
21.393 |
29.485 |
19.805 |
|
(d) Short-term provisions |
10.509 |
3.767 |
3.000 |
|
Total Current Liabilities (4) |
98.685 |
108.801 |
74.354 |
|
|
|
|
|
|
TOTAL |
1217.818 |
1076.205 |
859.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
38.382 |
39.839 |
31.952 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
56.176 |
57.073 |
0.000 |
|
(d) Long-term Loan and Advances |
138.693 |
111.631 |
102.790 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
233.251 |
208.543 |
134.742 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
22.368 |
14.832 |
18.447 |
|
(c) Trade receivables |
171.034 |
175.576 |
149.456 |
|
(d) Cash and cash
equivalents |
752.854 |
650.881 |
522.589 |
|
(e) Short-term loans and
advances |
19.349 |
11.552 |
22.602 |
|
(f) Other current assets |
18.962 |
14.821 |
11.554 |
|
Total Current Assets |
984.567 |
867.662 |
724.648 |
|
|
|
|
|
|
TOTAL |
1217.818 |
1076.205 |
859.390 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1159.215 |
1015.259 |
953.381 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
931.340 |
843.166 |
794.810 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
227.875 |
172.093 |
158.571 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
75.280 |
(1.334) |
62.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
152.595 |
173.427 |
96.141 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
128.368 |
(45.059) |
(141.200) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
280.963 |
128.368 |
(45.059) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of traded goods |
|
39.883 |
40.280 |
|
|
|
Handling Commission |
|
209.942 |
222.671 |
|
|
|
Service Fee |
|
276.709 |
209.581 |
|
|
TOTAL EARNINGS |
565.610 |
526.534 |
472.532 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Traded goods |
NA |
96.216 |
290.065 |
|
|
TOTAL IMPORTS |
NA |
96.216 |
290.065 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.90 |
2.16 |
1.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.16 |
17.08 |
10.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.62 |
16.89 |
18.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.19 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.98 |
7.97 |
9.75 |
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 |
801.320 |
801.320 |
801.320 |
|
Reserves & Surplus |
(45.059) |
128.368 |
280.963 |
|
Net
worth |
756.261 |
929.688 |
1082.283 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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) |
|
Total Income |
953.381 |
1015.259 |
1159.215 |
|
|
|
6.490 |
14.179 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
953.381 |
1015.259 |
1159.215 |
|
Profit |
96.141 |
173.427 |
152.595 |
|
|
10.08% |
17.08% |
13.16% |
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90053348 |
11/06/1998 |
30,000,000.00 |
THE FUJI BANK LTD |
MUMBAI BRANCH;
MAKER CHAMBER III; IST FLOOR, JAMN |
- |
CORPORATE INFORMATION
The Company is wholly owned subsidiary of Marubeni Corporation, Japan. The Company is engaged in International and domestic trading and provides business support and liaison services to its overseas principles in their Business interests in India. The main business interests are Petrochemicals, Textiles, Metal and Minerals, Energy, Food, Pulp and Paper, Industrial plant Machinery etc.
FINANCIAL RESULTS AND
OPERATIONS
During the financial year, the Total Income of the Company increased to Rs. 1159.210 Millions from Rs. 1015.260 Millions as compared to the last corresponding year, thereby showing an increase of 14.18%. The Company also achieved a Profit Before Tax (PBT) of Rs. 227.870 Millions during the year ended March 31, 2013 as compared to the PBT of Rs. 172.090 Millions for year ended March 31, 2012, thereby showing an increase of 32.41%.
CONTINGENT
LIABILITIES (AS ON 31.03.2013):
i) The Enforcement Directorate of the Ministry of Finance of Government of India has initiated adjudicating proceedings against the Company (and some of the employees) under the provision of FERA, 1973 (read with provision of FEMA, 1999) and has imposed penalties under the said provisions amounting to Rs. 25.000 Millions (previous year Rs. 25.000 Millions) (excluding amount imposed on the employees). The adjudicating proceedings are currently pending with the Hon’ble Delhi High Court. Based on evaluation by the Company, with the help of its advisor, a provision of Rs 5.000 Millions (previous year Rs 5.000 Millions) has been made, included under note no. 5 of the Financial Statement as Provision for contingency, and is considered adequate basis thereof and the balance amount is considered contingent.
ii) Contingent liabilities in respect of demands raised by the Income Tax Authorities comprise of the following:
a) In respect of Assessment Year 2005-2006, demand has been raised vide order under section 143(3) of the Income Tax Act, 1961 on account of Business promotion expenses. The Company has filed an appeal before Commissioner of Income Tax (Appeals). The amount under consideration is Rs 326,024 (previous year Rs 326,024).
b) In respect of Assessment Year 2006-2007, demand has been raised vide order u/s 143(3) of the Income Tax Act, 1961 on account of report obtained from the Transfer Pricing Officer and some other grounds. The Company has filed the appeal before Income Tax Appellate Tribunal against the said order. The amount under consideration is Rs 39.437 Millions (previous year Rs. 39.437 Millions).
c) In respect of Assessment Year 2007-2008, demand has been raised vide order under section 143(3) of the Income Tax Act, 1961 on account of report obtained from the Transfer Pricing Officer and some other grounds. The Company has filed an appeal before Commissioner of Income Tax (Appeals). The amount under consideration is Rs 213.616 Millions (previous year 213.616 Millions).
d) In respect of Assessment Year 2008-2009, demand has been raised vide order under section 143(3) of the Income Tax Act, 1961 on account of report obtained from the Transfer Pricing Officer and some other grounds. The Company has filed an appeal before Income Tax Appellate Tribunal against the said order. The amount under consideration is Rs 110.743 Millions (previous year Rs 101.825 Millions)
e) During the year, in respect of Assessment Year 2009-2010, the Company has received draft assessment order u/s 144C of Income Tax Act 1961 as per which demand has been raised on account of report obtained from the Transfer Pricing Officer and some other grounds. Subsequent to year end, the Company has preferred an appeal against the said order before Commissioner of Income Tax (Appeals). The amount under consideration is Rs. 115.140 Millions (previous year Nil.).
iii) In respect of financial year from2005-06 to 2010-11, the Company has received show-cause notices from Service Tax Commissioner, Delhi whereby the claim of Company treating its service income from overseas customers as exports of services for the above mentioned period is challenged. The Company has submitted replies to these show-cause notices. The amount under consideration is Rs 47.734 Millions (previous year Rs 47.734 Millions).
FIXED ASSETS
Tangible Assets
· Furniture and Fixtures
Vehicles
Office
Equipment
Leasehold
Improvements
Intangible Assets
· 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.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
43 |
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.