MIRA
INFORM REPORT
|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
UMW DONGSHIN MOTECH PRIVATE LIMITED (w.e.f. 19.11.2009 ) |
|
|
|
|
Formerly Known
As : |
DONGSHIN MOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.A-19, Talegaon Industrial Area, Village Navlakhumbre, Taluka
Maval, Pune – 410 507, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-133046 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.604.139 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29255PN2007PTC133046 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEU06667D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD5858L |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of automobile components and engineering components. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
INDIAN ECONOMIC OVERVIEW
$53 million estimated
losses suffered by
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.
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 BY
|
Name : |
Mr. Gupta |
|
Designation : |
General Manager (Finance) |
|
Contact No.: |
91-2114-306041 |
LOCATIONS
|
Registered Office : |
Plot No.A-19, Talegaon Industrial Area, Village Navlakhumbre, Taluka
Maval, Pune – 410 507, |
|
Tel. No.: |
91-20-26608813 91-2114-306035/ 306041 |
|
Fax No. : |
91-2114-306010 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Talegaon, MIDC, Pune, |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Choon Woo Lim |
|
Designation : |
Director |
|
Address : |
1104-215, Shin Gaegeum Ld Apartment, Gaegeum, |
|
Date of Birth/Age : |
06.12.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
16.04.2007 |
|
DIN No.: |
01381510 |
|
|
|
|
Name : |
Mr. Muthukumar Ayarpadde |
|
Designation : |
Additional Director |
|
Address : |
No.66, Jalan Setiajaya Bukit Damansara, |
|
Date of Birth/Age : |
13.07.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
27.07.2007 |
|
DIN No.: |
01799039 |
|
|
|
|
Name : |
Mr. Jong Soo Rhee |
|
Designation : |
Director |
|
Address : |
596 (20/5), 105 401, Singaegeum LG Aptartment,105 401, 596 (20/5), Gaegeum
Dong Busanjin – GU, |
|
Date of Birth/Age : |
04.12.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
27.07.2007 |
|
DIN No.: |
02483978 |
|
|
|
|
Name : |
Mr. Syed Hisham Bin Syed Wazir |
|
Designation : |
Director |
|
Address : |
No.1, Jalan USJ, 18/7, UEP Subang Jaya, Selangor-47630, |
|
Date of Birth/Age : |
26.06.1954 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.10.2010 |
|
DIN No.: |
03281121 |
|
|
|
|
Name : |
Megat Shahrul Azmir Bin Nordin |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
No.38, Jalan Teratak U8/95A, Bukit Jelutong, Shah Alam, Selangor Darul
Ehsan, Malaysia 40150 |
|
Date of Birth/Age : |
12.04.1970 |
|
Date of Cessation : |
24.03.2012 |
|
DIN No.: |
05237306 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
No. of Shares |
|
Dongshin Motech Company Limited, |
24165560 |
|
MK Automotive Industries Limited, |
53111480 |
|
Total
|
77277040 |
AS ON 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of automobile components and engineering components. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010):
|
Group of
Machines |
Activity |
Unit |
Licensed
Capacity |
Annual
Installed Capacity |
Actual
Production |
|
Strokes
|
Strokes
|
||||
|
1200 T Tandem Press Line |
Sheet Metal Pressing |
Nos. |
NA |
1584000 |
242000 |
|
250 T Medium Press Line |
Sheet Metal Pressing |
Nos. |
NA |
2640000 |
286000 |
|
150 T Small Press Line |
Sheet Metal Pressing |
Nos. |
NA |
3168000 |
506000 |
|
250 T Auto Blanking Line |
Sheet Metal Pressing |
Nos. |
NA |
4224000 |
814000 |
|
Assly Weld Shop |
Welding |
Nos. |
NA |
1512000 |
198000 |
GENERAL INFORMATION
|
Customers : |
·
General Motors India ·
Volkswagen /Skoda ·
Tata Motors ·
Mahindra and Mahindra ·
Benteler Automotive |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Standard Chartered Bank, Crescenzo, Plot No.C-38 and 39, G Block,
Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SNDA and Associates Chartered Accountants |
|
Address : |
2, Alankar Apartments, S No.26/14, Shivajinagar, Near Sakhar Sankul,
Pune - 411 005, |
|
PAN No.: |
ABLFS4120K |
|
|
|
|
Holding Company : |
MK Automotive Industries Limited, |
|
|
|
|
Associate : |
Dongshin Motech Company Limited, |
|
|
|
|
Other Related Parties : |
·
UMW Oilfield International (L) Limited, ·
UMW Corporation SDN. BHD., |
CAPITAL STRUCTURE
AS ON 25.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
77277040 |
Equity Shares |
Rs.10/- each |
Rs.772.770 millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60413900 |
Equity Shares |
Rs.10/- each |
Rs.604.139 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
604.139 |
500.000 |
|
(b) Reserves & Surplus |
|
(413.200) |
(109.413) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
93.726 |
1.718 |
|
Total
Shareholders’ Funds (1) + (2) |
|
284.665 |
392.305 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
790.045 |
916.053 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
10.344 |
10.652 |
|
(d) Long-term
provisions |
|
5.335 |
0.921 |
|
Total Non-current
Liabilities (3) |
|
805.724 |
927.626 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
471.710 |
157.166 |
|
(b)
Trade payables |
|
130.034 |
20.075 |
|
(c)
Other current liabilities |
|
184.679 |
164.055 |
|
(d) Short-term
provisions |
|
0.919 |
0.919 |
|
Total Current
Liabilities (4) |
|
787.342 |
342.215 |
|
|
|
|
|
|
TOTAL |
|
1877.731 |
1662.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
1242.195 |
1199.346 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
200.865 |
155.055 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1443.060 |
1354.401 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
109.033 |
156.350 |
|
(c)
Trade receivables |
|
317.115 |
51.074 |
|
(d) Cash
and cash equivalents |
|
6.761 |
6.356 |
|
(e)
Short-term loans and advances |
|
1.762 |
93.965 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
434.671 |
307.745 |
|
|
|
|
|
|
TOTAL |
|
1877.731 |
1662.146 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
306.336 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.925 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
308.261 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
982.664 |
|
|
2] Unsecured Loans |
|
|
22.490 |
|
|
TOTAL BORROWING |
|
|
1005.154 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1313.415 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1100.549 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
24.157
|
|
|
Sundry Debtors |
|
|
193.256
|
|
|
Cash & Bank Balances |
|
|
5.869
|
|
|
Other Current Assets |
|
|
110.864
|
|
|
Loans & Advances |
|
|
7.850
|
|
Total
Current Assets |
|
|
341.996 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
28.216
|
|
|
Other Current Liabilities |
|
|
99.252
|
|
|
Provisions |
|
|
1.662
|
|
Total
Current Liabilities |
|
|
129.130 |
|
|
Net Current Assets |
|
|
212.866
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1313.415 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
756.340 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
756.340 |
227.815 |
90.780 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
1060.126 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1060.126 (including
depreciation) |
281.240 |
74.754 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(55.351) |
16.026 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
55.988 |
14.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(303.786) |
(111.339) |
1.877 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(0.048) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(303.786) |
(111.339) |
1.925 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.964 |
Nil
|
Nil
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
29.986 |
|
|
|
Capital Goods |
NA |
NA |
249.234 |
|
|
TOTAL IMPORTS |
NA |
NA |
279.220 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(5.49) |
(2.39) |
0.06 |
|
%2030-Jul-2014_files/image001.gif){kind=small}
%2030-Jul-2014_files/image002.gif){kind=small}
%2030-Jul-2014_files/image003.gif){kind=small}
%2030-Jul-2014_files/image004.gif){kind=small}
%2030-Jul-2014_files/image005.gif){kind=small}
%2030-Jul-2014_files/image006.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(40.17) |
(48.87)
|
2.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.18) |
(6.70)
|
0.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.07) |
(0.28)
|
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.43 |
2.74
|
3.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.55 |
0.90
|
2.65 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current
maturities of long-term debt:
|
Particulars |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
31.03.2010 (Rs.
in millions) |
|
Current maturities of long-term debt |
124.835 |
81.712 |
NA |
|
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 |
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 |
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 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No 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 |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others |
279.950 |
338.656 |
|
Total
|
279.950 |
338.656 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10331048 |
10/12/2011 |
50,000,000.00 |
STANDARD
CHARTERED BANK |
CRESCENZO, PLOT
NO.C-38 AND 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI,
MAHARASHTRA - 400051, INDIA |
B30335814 |
|
2 |
10212441 |
07/04/2010 |
750,000,000.00 |
STANDARD
CHARTERED BANK |
90, M G ROAD, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A83132480 |
|
3 |
10193446 |
30/12/2009 |
705,000,000.00 |
STANDARD
CHARTERED BANK |
90, M G ROAD,
FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A76323880 |
|
4 |
10190443 |
14/05/2011 * |
311,740,000.00 |
STANDARD CHARTERED
BANK |
CRESCENZO, 3A/F,
PLOT NO.C-38 & 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA, MUMBAI,
MAHARASHTRA - 400051, INDIA |
B16063943 |
|
5 |
10150524 |
20/03/2009 |
195,000,000.00 |
STANDARD
CHARTERED BANK |
90, M.G. ROAD, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A59839340 |
* Date of charge modification
Note:
The Registered office of the company has been shifted from No.29, Devadi Street, Mylapore Chennai – 600 004, Tamilnadu, India to the present address w.e.f. 23.10.2008.
CORPORATE INFORMATION:
Subject is a
company engaged in manufacturing of automobile components and engineering
components. It was incorporated in India as a Private Limited Company on April
16, 2007.
BUSINESS:
The Company has
set up a state of the Art facility for production of Automobile body parts to
be supplied to automobile manufacturers. The factory is set up at Talegaon MIDC
near Pune. The Company currently supplies to General Motors India mainly.
OPERATIONS AND FUTURE PROSPECTS:
The year 2011-12
is the third year of operations. During the financial year 2011-12 sales
including other income amounted to Rs.756.340 millions as compared to
Rs.227.815 millions in the previous financial year 2010-11 showing a
substantial growth of around 232%. Since the Company is still in the stage of
development, there is a loss of Rs.303.786 millions in the books of accounts of
the Company for the year ended on 31st March 2012 and the
accumulated loss as on 31st March 2012 amounted to Rs.413.200
millions. However the Board of Directors are confident that there is enough
potential for growth and with aggressive marketing and business development,
the Company should emerge from this loss in the coming couple of years.
SUBSIDIARY OF MK AUTOMOTIVE INDUSTRIES LIMITED,
MALAYSIA:
The Company does
not have any subsidiary company. The Company is a subsidiary of MK Automotive
Industries Limited, Malaysia, which is in turn the subsidiary of UMW
Corporation Sdn Bhd, Malaysia.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NKT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.