MIRA INFORM REPORT
|
Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASB INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-9, MIDC, Additional Ambarnath Industrial Area, Anand Nagar,
Ambarnath (East), Thane – 421506, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.02.1997 |
|
|
|
|
Com. Reg. No.: |
11-134840 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.360.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1997PTC134840 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA05068A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA8424F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company
manufactures Single Stage Injection Stretch Blow Molding machines, molds,
parts and components for making PET bottles. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 6106000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Nissei ASB Machine Company Limited (Japan) It is an established company having satisfactory track record. There seems some continuous dip in the turnover and profitability of
the company. However, net worth of the company is satisfactory. Trade relations are reported as fair. Business is active. Payments re
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.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the scheme.
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 : |
Ms. Suvarna Pathare |
|
Designation : |
Finance Department |
|
Contact No.: |
91-251-6485070 / 5012 |
|
Date : |
05.03.2014 |
LOCATIONS
|
Registered Office / Factory : |
E-9, MIDC, Additional Ambarnath Industrial Area, Anand Nagar,
Ambarnath (East), Thane – 421506, Maharashtra, India |
|
Tel. No.: |
91-251-2625000/ 2621802/ 2621803/ 2621804 |
|
Fax No.: |
91-251-2621815/ 2625035/ 2625055/ 2621805 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Branch 1 : |
309-311, Ansal Chambers-II, 6, Bhikaji Cama Place, New Delhi – 110066, India |
|
Tel. No.: |
91-11-26181615 |
|
Location : |
Rented |
|
|
|
|
Branch 2 : |
No.8, First Floor, Saena Circle, 37/2, Duraiswamy Road, T. Nagar, Chennai – 600017, Tamilnadu, India |
DIRECTORS
As on 22.06.2013
|
Name : |
Koichiro Mitsuyasu |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 2304, Torino Building, Hiranandani, Powai, Mumbai – 400086,
Maharashtra, India |
|
Date of Birth/Age : |
10.01.1948 |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
AIVPM0605J |
|
DIN No.: |
00016649 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
1-4-5, Midorigaoka, Ueda, Nagano, Japan |
|
Date of Birth/Age : |
15.11.1972 |
|
Date of Appointment : |
04.08.1997 |
|
DIN No.: |
01558065 |
|
|
|
|
Name : |
Mr. Rajkumar Bhagchand Jagyasi |
|
Designation : |
Whole Time Director |
|
Address : |
Sharda Castles, C-Wing, 204, 2nd Floor, Opposite Bank of
Maharashtra, Ulhasnagar, Thane – 421004, Maharashtra, India |
|
Date of Birth/Age : |
11.12.1963 |
|
Date of Appointment : |
09.06.2006 |
|
PAN No.: |
ABGPJ4149J |
|
DIN No.: |
01386004 |
|
|
|
|
Name : |
Mr. Junichi Miyasaka |
|
Designation : |
Director |
|
Address : |
5-12-601, Agematsu 1, Chome, Nagano City, Nagano Prefecture, Japan |
|
Date of Birth/Age : |
19.04.1958 |
|
Date of Appointment : |
01.05.2013 |
|
DIN No.: |
06578570 |
KEY EXECUTIVES
|
Name : |
Ms. Gargi Ranade |
|
Designation : |
Secretary |
|
Address : |
1-13 Parimal Co-operative Housing Society Limited, Deendayal Road,
Vishnu, Dombivali, Thane – 421202, Maharashtra, India |
|
Date of Birth/Age : |
23.10.1982 |
|
Date of Appointment : |
21.04.2009 |
|
PAN No.: |
ALSPR4314F |
|
|
|
|
Name : |
Ms. Suvarna Pathare |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.06.2013
|
Names of Shareholders (Equity Shareholders) |
No. of Shares |
|
Nissei ASB Machine Company Limited, |
38006821 |
|
Nissei ASB Pte Limited, Singapore |
2 |
|
|
|
|
Total |
38006823 |
As on 22.06.2013
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 : |
The Company
manufactures Single Stage Injection Stretch Blow Molding machines, molds,
parts and components for making PET bottles. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|
|
|
|
Bankers : |
Tel. No.: 91-22-22886638
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th
– 32nd Floor, India Bulls Finance Center Senapati Bapat Marg,
Elphinstone (West), Mumbai, Maharashtra, India |
|
PAN
No. : |
AACFD4815A |
|
|
|
|
Holding Company
: |
¨ Nissei ASB
Machine Company Limited, Japan |
|
|
|
|
Fellow Subsidiaries/ Subsidiaries of fellow
subsidiaries : |
¨ Nissei ASB GmbH
(Germany) ¨ Nissei ASB
Centro America, S.A.DE C.V. (Mexico) ¨ Nissei ASB Company
(Atlanta) ¨ Shanghai Machine
Company Limited (China) ¨ Nissei ASB South
Africa (Pty) Limited (South Africa) ¨ ASB PTE
(Thailand) Company Limited (Thailand) ¨ Nissei ASB FZE
(Dubai) ¨ Nissei ASB
Mediterranea, SL (Spain) ¨ Nissei ASB
Limited (UK) |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56000000 |
Equity Shares |
Rs.10/- each |
Rs.560.000 Millions |
|
20000000 |
Preference Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.760.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38006823 |
Equity Shares |
Rs.10/- each |
Rs.380.068 Millions |
|
|
|
|
|
After 22.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56000000 |
Equity Shares |
Rs.10/- each |
Rs.560.000 Millions |
|
20000000 |
Preference Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.760.000 Millions
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 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 |
360.000 |
420.000 |
520.000 |
|
(b) Reserves & Surplus |
1066.525 |
992.651 |
845.545 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
100.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1526.525 |
1412.651 |
1365.545 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
925.686 |
563.153 |
143.061 |
|
(b) Deferred tax liabilities (Net) |
34.973 |
28.602 |
20.528 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
23.424 |
18.027 |
14.872 |
|
Total
Non-current Liabilities (3) |
984.083 |
609.782 |
178.461 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
24.295 |
23.850 |
25.689 |
|
(b) Trade payables |
382.969 |
326.232 |
355.266 |
|
(c) Other current liabilities |
282.524 |
196.474 |
137.024 |
|
(d) Short-term provisions |
10.530 |
20.124 |
90.772 |
|
Total
Current Liabilities (4) |
700.318 |
566.680 |
608.751 |
|
|
|
|
|
|
TOTAL |
3210.926 |
2589.113 |
2152.757 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
918.711 |
715.000 |
551.529 |
|
(ii) Intangible Assets |
3.265 |
8.124 |
8.592 |
|
(iii) Capital work-in-progress |
577.567 |
34.804 |
4.437 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.002 |
0.002 |
0.002 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
122.719 |
234.332 |
72.986 |
|
(e) Other Non-current assets |
20.955 |
11.822 |
17.196 |
|
Total
Non-Current Assets |
1643.219 |
1004.084 |
654.742 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
999.583 |
876.876 |
903.620 |
|
(c) Trade receivables |
180.976 |
229.129 |
285.053 |
|
(d) Cash and cash equivalents |
228.510 |
360.551 |
219.306 |
|
(e) Short-term loans and advances |
150.208 |
109.198 |
84.817 |
|
(f) Other current assets |
8.430 |
9.275 |
5.219 |
|
Total
Current Assets |
1567.707 |
1585.029 |
1498.015 |
|
|
|
|
|
|
TOTAL |
3210.926 |
2,589.113 |
2152.757 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2694.634 |
2916.569 |
3121.119 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
2460.299 |
2560.125 |
2641.471 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
234.335 |
356.444 |
479.648 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.913 |
9.567 |
6.049 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
222.422 |
346.877 |
473.599 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
107.505 |
87.639 |
74.738 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
114.917 |
259.238 |
398.861 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
35.232 |
95.475 |
95.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
79.685 |
163.763 |
303.654 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
595.225 |
548.120 |
452.683 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend paid / proposed on Preference Shares |
5.000 |
14.333 |
26.000 |
|
|
|
Dividend paid / proposed on Equity Shares |
0.000 |
0.000 |
54.000 |
|
|
|
Dividend Distribution tax |
0.811 |
2.325 |
13.017 |
|
|
|
Transfer to Capital Redemption Reserve |
60.000 |
100.000 |
100.000 |
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
15.200 |
|
|
BALANCE CARRIED
TO THE B/S |
609.099 |
595.225 |
548.120 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1310.743 |
1518.217 |
1741.190 |
|
|
TOTAL EARNINGS |
1310.743 |
1518.217 |
1741.190 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
1103.690 |
|
|
|
Stores & Spares |
|
|
33.207 |
|
|
|
Capital Goods |
|
|
54.681 |
|
|
TOTAL IMPORTS |
NA |
NA |
1191.578 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
2.10 |
3.90 |
7.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.96
|
5.61 |
9.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.36
|
10.15 |
18.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.18 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62
|
0.41 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24
|
2.80 |
2.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
520.000 |
420.000 |
360.000 |
|
Reserves & Surplus |
845.545 |
992.651 |
1066.525 |
|
|
0.000 |
0.000 |
100.000 |
|
Net
worth |
1,365.545 |
1,412.651 |
1,526.525 |
|
|
|
|
|
|
long-term borrowings |
143.061 |
563.153 |
925.686 |
|
Short term borrowings |
25.689 |
23.850 |
24.295 |
|
Total
borrowings |
168.750 |
587.003 |
949.981 |
|
Debt/Equity
ratio |
0.124 |
0.416 |
0.622 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
3121.119 |
2916.569 |
2694.634 |
|
|
|
(6.554) |
(7.609) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
3121.119 |
2916.569 |
2694.634 |
|
Profit |
303.654 |
163.763 |
79.685 |
|
|
9.73% |
5.61% |
2.96% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current maturities of long-term debt |
118.863 |
74.364 |
28.689 |
|
|
|
|
|
|
Total |
118.863 |
74.364 |
28.689 |
|
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 |
Yes |
|
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 |
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
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign currency term loan from bank |
925.686 |
563.153 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loan from bank |
24.295 |
23.850 |
|
|
|
|
|
Total |
949.981 |
587.003 |
INDEX OF CHARGES
No Charges Exist for Company
CORPORATE INFORMATION
The Company is an Export Oriented Unit and a
wholly owned subsidiary of Nissei ASB Machine Company Limited Japan. The Company
manufactures Single Stage Injection Stretch Blow Molding machines, molds, parts
and components for making PET bottles.
PERFORMANCE
The just concluded
financial year marks the completion of the Thirteen year of their journey. The
global economic scenario in FY. 2012-13 continued to be full of challenges.
Major economies witnesses’ slower growth. The business environment remained
difficult and operating in such an environment proved challenging.
The weak macro
environment and slower growth rates caused the slow improvement in the global
market condition. Global market condition did not recover to the extent it is
anticipated.
Time and again,
their resilience has been put to the test. However, the Company had overcome
the challenges and the Company responded to these challenges in a timely manner
and delivered Net Prof it of Rs. 79.685 millions for the year.
FUTURE OUTLOOK
The Company
expects a recovery of the slow downed market conditions in the coming years. In
order to keep pace with the global demand and technological innovations, the
Company proposes to produce more series of machines and increase the
production.
In upcoming years
the Company proposes to remain committed towards sustainable development and
total quality approach to its operations. With a focus on enhancing operational
efficiency, the company will continuously strive to restore performance levels
and to better, the best performances of the previous years.
FIXED ASSETS
Tangible Assets
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Leasehold Improvements
Intangible Assets
- Computer Software
- Know-how
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.62.85 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.