MIRA
INFORM REPORT
|
Report Date : |
09.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MITSUI AND CO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. D-1, 4th Floor, Salcon Ras Vilas, District Centre
Saket, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.03.2003 |
|
|
|
|
Com. Reg. No.: |
55-119563 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.603.905 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2003PTC119563 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM4488J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject undertake activities of general trading restricted
to exports and imports, procurement and supply of materials and equipment
required for infrastructure and industrial projects. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Mitsui and Company Limited”. It is a
well-established company having fine track. The company possesses a healthy financial profile marked by adequate networth
base and comfortable capital structure characterized by zero debt. Management has reported a decent sales volume as well as profitability
along with sufficient margins during FY 2013. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. In view of strong parentage, the subject can be considered good 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 |
|
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 DENIED BY
|
Name : |
Mr. Narvekar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-67742222 |
|
Date : |
05.07.2014 |
LOCATIONS
|
Registered Office : |
Plot No. D-1, 4th Floor, Salcon Ras Vilas, District Centre
Saket, Delhi – 110017, India |
|
Tel. No.: |
91-11-43531111 |
|
Fax No.: |
91-11-43531173 / 43531170 / 76 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 23.09.2013
|
Name : |
Makoto Suzuki |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
Plot No 25, Block No. 172, Jorbagh, New Delhi – 110003, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.04.1958 |
|||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
03476894 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Kenichi Mizutani |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
6116, FF, Shanti
Niketan, New Delhi - 110021, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.03.1973 |
|||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2012 |
|||||||||||||||||||||||||||
|
PAN No.: |
BRVPM8556J |
|||||||||||||||||||||||||||
|
DIN No.: |
05170523 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Toshiaki Shinozaki |
|||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||
|
Address : |
The Jackers, 2nd Floor, Flat No 2,113, Carter Road, Bandra
(West), Mumbai -400050, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.10.1960 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2012 |
|||||||||||||||||||||||||||
|
PAN No.: |
EHPPS7239H |
|||||||||||||||||||||||||||
|
DIN No.: |
06365102 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Manish Nayyar |
|
Designation : |
Secretary |
|
Address : |
C-159, Vlkas Puri,
New Delhi – 110018, India |
|
Date of Birth/Age : |
06.06.1973 |
|
Date of Appointment : |
12.12.2010 |
|
PAN No.: |
ACIPN1546N |
MAJOR SHAREHOLDERS
As on 23.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mitsui and Company Limited, Japan
|
|
60388091 |
|
Mitsui and Company (Asia Pacific) Pte. Limited, Singapore |
|
2430 |
|
Total |
|
60390521 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2013
|
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 : |
Subject undertake activities of general trading restricted
to exports and imports, procurement and supply of materials and equipment
required for infrastructure and industrial projects. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Holding Company
: |
· Mitsui and Company Limited |
|
|
|
|
Fellow
Subsidiary Company : |
· Mitsiam Tri-Net Logistics Company Limited · Mitsui And Company (Asia Pacific) Pte Limited · Mitsui And Company Deutschland Gmbh · Mitsui Coal Holdings Private Limited · Mitsui Bussan Metals Company Limited · Indian Steel Corporation Limited · Sellowrap Epp India Private Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Logthai-Orotex Company Limited · Nippon Formula Feed Manufacturing Company Limited |
|
|
|
|
Jointly
Controlled Entities: |
· Indian Steel Corporation Limited |
CAPITAL STRUCTURE
As on 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61000000 |
Equity Shares |
Rs.10/- each |
Rs.610.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60390521 |
Equity Shares |
Rs.10/- each |
Rs.603.905 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 |
603.905 |
603.905 |
603.905 |
|
(b) Reserves & Surplus |
743.080 |
550.742 |
429.347 |
|
(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) |
1,346.985 |
1,154.647 |
1,033.252 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.442 |
2.051 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
47.755 |
40.019 |
39.182 |
|
Total Non-current Liabilities (3) |
52.197 |
42.070 |
39.182 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
40.000 |
70.000 |
|
(b) Trade payables |
0.000 |
0.000 |
384.503 |
|
(c) Other current
liabilities |
479.145 |
527.545 |
55.026 |
|
(d) Short-term provisions |
4.303 |
2.416 |
88.383 |
|
Total Current Liabilities (4) |
483.448 |
569.961 |
597.912 |
|
|
|
|
|
|
TOTAL |
1,882.630 |
1,766.678 |
1,670.346 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
417.973 |
429.889 |
464.807 |
|
(ii) Intangible Assets |
0.365 |
0.608 |
0.915 |
|
(iii) Capital
work-in-progress |
0.270 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
107.580 |
107.580 |
107.580 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
3.036 |
|
(d) Long-term Loan and Advances |
320.146 |
306.815 |
117.232 |
|
(e) Other Non-current assets |
5.916 |
4.562 |
1.910 |
|
Total Non-Current Assets |
852.250 |
849.454 |
695.480 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
224.931 |
272.704 |
191.152 |
|
(c) Trade receivables |
681.636 |
548.521 |
692.880 |
|
(d) Cash and cash
equivalents |
58.502 |
43.844 |
13.087 |
|
(e) Short-term loans and
advances |
53.791 |
42.620 |
62.504 |
|
(f) Other current assets |
11.520 |
9.535 |
15.243 |
|
Total Current Assets |
1,030.380 |
917.224 |
974.866 |
|
|
|
|
|
|
TOTAL |
1,882.630 |
1,766.678 |
1,670.346 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1517.360 |
1300.510 |
964.000 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA
|
NA
|
NA
|
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
334.850 |
223.290 |
176.000 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
7.320 |
6.050 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
327.530 |
217.240 |
NA |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
32.210 |
38.920 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
295.320 |
178.320 |
NA |
||
|
|
|
|
|
|
||
|
Less |
TAX |
100.560 |
56.930 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
194.760 |
121.390 |
83.000 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
1599.000 |
1401.000 |
NA |
|
|
|
TOTAL EARNINGS |
1599.000 |
1401.000 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
3.23 |
NA
|
1.38 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
19.46 |
13.71 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.64 |
10.75 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.15 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.03 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
1.61 |
1.63 |
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 |
603.905 |
603.905 |
603.905 |
|
Reserves & Surplus |
429.347 |
550.742 |
743.080 |
|
Net
worth |
1033.252 |
1154.647 |
1346.985 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
70.000 |
40.000 |
0.000 |
|
Total
borrowings |
70.000 |
40.000 |
0.000 |
|
Debt/Equity
ratio |
0.068 |
0.035 |
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 |
|
Sales |
964.000 |
1,300.510 |
1,517.360 |
|
|
|
34.908 |
16.674 |
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
|
964.000 |
1,300.510 |
1,517.360 |
|
Profit |
83.000 |
121.390 |
194.760 |
|
|
8.61% |
9.33% |
12.84% |
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 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans repayable on demand |
0.000 |
40.000 |
|
Total |
0.000 |
40.000 |
GENERAL INFORMATION:
The Company was incorporated on March 26, 2003 to undertake activities of general trading restricted to exports and imports, procurement and supply of materials and equipment required for infrastructure and industrial projects. The Company also received approval from the Government of India to promote manufacturing projects in India with new financial and technical collaboration of Mitsui group companies in India with other companies in India and to provide support with respect to sales, marketing and technical services to Mitsui group companies
OPERATIONS
The total sales of the company are Rs.1517.000 Millions (Previous Year Rs.1300.000 Millions). The export sales stood at Rs.109.000 Millions (Previous Year Rs.58.000 Millions). The company earned commission & service fees totaling Rs.1540.000 Millions (Previous Year Rs.1358.000 Millions) during the year.
The unutilized funds of the company were deposited with various banks as fixed deposits on which the company earned interest amounting to Rs.5.100 Millions (Previous Year Rs.2.400 Millions) during the year.
The profit before financial charges and depreciation amounted to Rs.334.850 Millions (Previous Year Rs.223.000 Millions). The net profit (loss) of the Company was Rs.194.760 Millions (Previous Year Rs.121.000 Millions).
CURRENT YEARS
PERFORMANCE
The company is focusing on the development of its own
business and during the first quarter ended 30th of June 2013, sales turnover
of the company was Rs.324.000 Millions (down from Rs.405.000 Millions recorded
during the same period last year). The gross sales profit including
non-operating income from service fee is Rs.332.000 Millions (down from
Rs.359.000 Millions recorded during the same period last year). India’s GDP
growth was 5% in the 4th quarter of financial year 2012-13, which was lower
than 5.4% in forecast and week INR against USD which resulted in negative
impact to the business of the company. It is however expected that your company
shall be able to perform similar in the current year as compared to year.
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
GOLDMAN, MITSUI LEAD RS.3150.000 MILLIONS INVESTMENT IN INDIA-JAPAN F
AND B VENTURE
Goldman Sachs and a unit of
Mitsui and Co Limited have led a Rs.3150.000 Millions
investment consumer goods firm Global Beverages
and Foods Private Limited, the investment banks said in a joint statement on Wednesday.
A. Mahendran, a former managing director for Godrej Consumer Products Ltd, will
be chairman and managing director of Global Beverages and Foods and will also
invest in the company, the statement said.
Global Beverages and Foods plans to build a portfolio
of consumer brands to cash in on increased consumer spending in India.
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 records 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.59.95 |
|
|
1 |
Rs.102.78 |
|
Euro |
1 |
Rs.81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
65 |
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.