MIRA INFORM REPORT
|
Report Date : |
20.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASB INTERNATIONAL PRIVATE LIMITED |
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|
|
Formerly Known
As : |
UNITY FORGINGS PRIVATE LIMITED (w.e.f. 18.09.2007) RASUDH CASTING PRIVATE LIMITED |
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Registered
Office : |
E-9, MIDC, Additional Ambarnath Industrial Area, Anand Nagar,
Ambarnath (East), Thane – 421506, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.02.1997 |
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Com. Reg. No.: |
11-134840 |
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Capital
Investment / Paid-up Capital : |
Rs.360.068 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1997PTC134840 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA05068A |
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PAN No.: [Permanent Account No.] |
AAACA8424F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company manufactures
Single Stage Injection Stretch Blow Molding machines, molds, parts and
components for making PET bottles. |
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|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Nissei ASB Machine Company Limited (Japan) It is an established company having satisfactory track. 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Suvarna Pathare |
|
Designation : |
Finance Department |
|
Contact No.: |
91-251-6485070 / 5012 |
|
Date : |
20.10.2014 |
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 |
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Fax No.: |
91-251-2621815/ 2625035/ 2625055/ 2621805 |
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E-Mail : |
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Website : |
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Area : |
10000 Sq. ft |
|
Location : |
Owned |
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Branch 1 : |
309-311, Ansal Chambers-II, 6, Bhikaji Cama Place, New Delhi – 110066, India |
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Tel. No.: |
91-11-26181615 |
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Location : |
Rented |
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Branch 2 : |
No.8, First Floor, Saena Circle, 37/2, Duraiswamy Road, T. Nagar, Chennai – 600017, Tamilnadu, India |
DIRECTORS
AS ON 24.06.2014
|
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 |
||||||||||||||||||
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PAN No.: |
AIVPM0605J |
||||||||||||||||||
|
Date of cessation : |
31.10.2013 |
||||||||||||||||||
|
DIN No.: |
00016649 |
||||||||||||||||||
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||||||||||||||||||
|
Name : |
Mr. |
||||||||||||||||||
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Designation : |
Director |
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|
Address : |
1-4-5, Midorigaoka, Ueda, Nagano, Japan |
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|
Date of Birth/Age : |
15.11.1972 |
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Date of Appointment : |
04.08.1997 |
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DIN No.: |
01558065 |
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|
||||||||||||||||||
|
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 |
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Date of Appointment : |
09.06.2006 |
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PAN No.: |
ABGPJ4149J |
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DIN No.: |
01386004 |
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Other
Directorship
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|
||||||||||||||||||
|
Name : |
Mr. Junichi Miyasaka |
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|
Designation : |
Director |
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|
Address : |
5-12-601, Agematsu 1, Chome, Nagano City, Nagano Prefecture, Japan |
||||||||||||||||||
|
Date of Birth/Age : |
19.04.1958 |
||||||||||||||||||
|
Date of Appointment : |
22/06/2013 |
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|
DIN No.: |
06578570 |
||||||||||||||||||
|
Name : |
Kazumi Masuda |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.2304, Torino Building, Hiranadani, Powai, Mumbai – 400086, Maharashtra,
India |
|
Date of Birth/Age : |
04.06.1958 |
|
Date of Appointment : |
01.11.2013 |
|
DIN No.: |
06738580 |
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 24.06.2014
|
Names of Shareholders (Equity Shareholders) |
No. of Shares |
|
Nissei ASB Machine Company Limited, |
44777032 |
|
Nissei ASB Pte Limited, Singapore |
2 |
|
|
|
|
Total |
44777034 |
AS ON 24.06.2014
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 : |
-- |
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|
|
Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27Th - 32Nd Floor, Indiabulls Finance Center, Senapati Bapat Marg, Elphinstone (West), Mumbai - 400013, Maharashtra, India |
|
PAN
No. : |
AADFD2337G |
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|
|
|
Holding Company
: |
Nissei ASB
Machine Company Limited, Japan |
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|
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Fellow Subsidiaries/ Subsidiaries of fellow
subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 24.06.2014
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 |
|
|
|
|
|
|
44,777,034 |
Equity Shares |
Rs.10/- each |
Rs. 447.770 Millions |
|
|
|
|
|
AS ON 31.03.2014
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 |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
380.068 |
360.000 |
420.000 |
|
(b) Reserves & Surplus |
1264.519 |
1066.525 |
992.651 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
100.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1644.587 |
1526.525 |
1412.651 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1234.889 |
925.686 |
563.153 |
|
(b) Deferred tax liabilities (Net) |
65.541 |
34.973 |
28.602 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
25.173 |
23.424 |
18.027 |
|
Total
Non-current Liabilities (3) |
1325.603 |
984.083 |
609.782 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
77.984 |
24.295 |
23.850 |
|
(b) Trade payables |
585.308 |
382.969 |
326.232 |
|
(c) Other current liabilities |
370.744 |
282.524 |
196.474 |
|
(d) Short-term provisions |
19.528 |
10.530 |
20.124 |
|
Total
Current Liabilities (4) |
1053.564 |
700.318 |
566.680 |
|
|
|
|
|
|
TOTAL |
4023.754 |
3210.926 |
2589.113 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1711.184 |
918.711 |
715.000 |
|
(ii) Intangible Assets |
7.381 |
3.265 |
8.124 |
|
(iii) Capital work-in-progress |
94.399 |
577.567 |
34.804 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.003 |
0.002 |
0.002 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
93.909 |
122.719 |
234.332 |
|
(e) Other Non-current assets |
33.384 |
20.955 |
11.822 |
|
Total
Non-Current Assets |
1940.260 |
1643.219 |
1004.084 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1392.238 |
999.583 |
876.876 |
|
(c) Trade receivables |
330.902 |
180.976 |
229.129 |
|
(d) Cash and cash equivalents |
188.770 |
228.510 |
360.551 |
|
(e) Short-term loans and advances |
169.335 |
150.208 |
109.198 |
|
(f) Other current assets |
2.249 |
8.430 |
9.275 |
|
Total
Current Assets |
2083.494 |
1567.707 |
1585.029 |
|
|
|
|
|
|
TOTAL |
4023.754 |
3210.926 |
2,589.113 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
3344.047 |
2697.977 |
2916.569 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
3344.047 |
2697.977 |
2916.569 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2957.005 |
2463.642 |
2560.125 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
387.042 |
234.335 |
356.444 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.823 |
11.912 |
9.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
368.219 |
222.423 |
346.877 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
152.343 |
107.505 |
87.639 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
215.876 |
114.918 |
259.238 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
97.814 |
35.232 |
95.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
118.062 |
79.686 |
163.763 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
609.100 |
595.225 |
548.120 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend paid / proposed on Preference Shares |
0.000 |
5.000 |
14.333 |
|
|
|
Dividend paid / proposed on Equity Shares |
0.000 |
0.000 |
0.000 |
|
|
|
Dividend Distribution tax |
0.000 |
0.811 |
2.325 |
|
|
|
Transfer to Capital Redemption Reserve |
0.000 |
60.000 |
100.000 |
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
727.162 |
609.100 |
595.225 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1879.604 |
1310.743 |
1518.217 |
|
|
TOTAL EARNINGS |
1879.604 |
1310.743 |
1518.217 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.11 |
2.10 |
3.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total
Income |
(%) |
3.53 |
2.95 |
5.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.49 |
4.36 |
10.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.08 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.80 |
0.62 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
2.24 |
2.80 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
420.000 |
360.000 |
380.068 |
|
Reserves & Surplus |
992.651 |
1066.525 |
1264.519 |
|
Share Application money
pending allotment |
0.000 |
100.000 |
0.000 |
|
Net
worth |
1412.651 |
1526.525 |
1644.587 |
|
|
|
|
|
|
long-term borrowings |
563.153 |
925.686 |
1234.889 |
|
Short term borrowings |
23.850 |
24.295 |
77.984 |
|
Total
borrowings |
587.003 |
949.981 |
1312.873 |
|
Debt/Equity
ratio |
0.416 |
0.622 |
0.798 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2916.569 |
2697.977 |
3344.047 |
|
|
|
(7.495) |
23.946 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2916.569 |
2697.977 |
3344.047 |
|
Profit |
163.763 |
79.686 |
118.062 |
|
|
5.61% |
2.95% |
3.53% |
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 |
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 |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign currency term loans from other |
1234.889 |
925.686 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advances, others |
77.984 |
24.295 |
|
|
|
|
|
Total |
1312.873 |
949.981 |
|
Note : (A) (a) Nissei ASB Machine Company Limited, Japan (USD 0.75 Mio) - 0 (b) Nissei ASB Machine Company Limited, Japan (JPY 140 Mio)- 0 (c) Nissei ASB Machine Company Limited, Japan (JPY 600 Mio)- 261,270,000 (d) Nissei ASB Machine Company Limited, Japan (USD 8 Mio)-,299,575,000 (e) Nissei ASB Machine Company Limited, Japan (USD 3.25 Mio)- 194,723,750 (f) Nissei ASB Machine Company Limited, Japan (USD 4 Mio)- 239,660,000 (g) Nissei ASB Machine Company Limited, Japan (USD 4 Mio)- 239,660,000 |
||
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 Fourteenth year of their journey. Though on the backdrop of economic slowdown, global economy tried to revive during the FY. 2013-14, some pressures was continued to persist and perhaps weigh on growth prospects, still the Company’s ultimate picture measures as an improvement over the year gone by.
The Company had overcome the challenges and also responded to these challenges in a timely manner and delivered Net Prof it of Rs. 118.062 Millions for the year.
EXPANSION PROJECT
During the year, New Factory was successfully commissioned. Other than expansion project investment, Company has also invested Rs. 303.800 Millions. On plant and machinery and other assets. This investment was largely funded through External Commercial Borrowings and partially through internal accruals. The company believes that this Expansion Project will definitely help to enhance Company’s market leadership derived through economies of scale, operational integration, productivity gain, cost reduction and effective quality control.
FUTURE OUTLOOK
The Company expects a recovery of the slow downed market conditions in the coming years. In order to keep pace w ith 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 omm. itted 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 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.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.