MIRA
INFORM REPORT
|
Report No. : |
305459 |
|
Report Date : |
03.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
NISSAN MOTOR
INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1A, SIPCOT Industrial Area, Orgadam, Mattur Post, Sriperumpudur
– 602 105, Tamilnadu |
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|
Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.02.2005 |
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|
|
|
Com. Reg. No.: |
18-073897 |
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Capital
Investment / Paid-up Capital : |
Rs.10300.000 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U34100TN2005PTC073897 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN12286B |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCN0695D |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Purchaser and Seller of Motor Vehicles and
Related Spare Parts and Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 27000000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Nissan International Holding BV,
Netherlands. It is well established company having satisfactory track record. There seems some accumulated losses recorded by the company. However
the company has achieved a decent profits during current year. The company
also receives good support from its group company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. In view of strong holding 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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.
LOCATIONS
|
Registered Office : |
Plot No.1A, SIPCOT Industrial Area, Orgadam, Mattur Post,
Sriperumpudur – 602 105, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Factory / Corporate Office : |
No 37/38, Asv Ramana Towers, 3rd Floor, Opposite H P Petrol Pump and
Opposite Way to Devar Statue, Venkatanarayana Road T Negar, Chennai – 600017,
Tamilnadu, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Shujio Ueno |
|
Designation : |
Director |
|
Address : |
TVH Subhuti 542, South Avenue, Kamraj Nagar, Thiruvanmiyur, Chennai –
600041, Tamilnadu, India |
|
Date of Birth/Age : |
12.02.1963 |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06640897 |
|
|
|
|
Name : |
Mr. Junji Akiyama |
|
Designation : |
Director |
|
Address : |
1-3-6-201 Komagome, Toshim-ku, Tokyo, NA, Japan |
|
Date of Birth/Age : |
2309.1965 |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06640612 |
KEY EXECUTIVES
|
Name : |
Mr. G Jonson Durai Singh |
|
Designation : |
Secretary |
|
Address : |
58 B, AIBEA Nagar, Near RTO Office, Thriuranmiyur, Chennai – 600041,
Tamilnadu, India |
|
Date of Birth/Age : |
24.07.1977 |
|
Date of Appointment : |
22.02.2013 |
|
PAN No.: |
AFPPD0398N |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nissan Asia Pacific Private Limited, Singapore |
|
10000 |
|
Nissan International Holding B.V., The Netherlands |
|
1029990000 |
|
Total |
|
1030000000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
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 : |
Manufacturer, Purchaser and Seller of Motor Vehicles and
Related Spare Parts and Accessories. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
|
|
Tel. No.: |
91-44-66328400 |
|
Fax No.: |
91-44-24311450 |
|
PAN No.: |
AABFS3412N |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Ultimate holding
Company : |
Nissan Motor Company Limited, Japan ('NML, Japan') |
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|
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|
Holding Company |
Nissan International Holdings B.V. Netherlands |
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|
Enterprises that
directly, or indirectly through one or more intermediaries, control, or are
controlled by, or are under common control |
· Nissan Trading Company Limited, Japan ('NITCO') · Nissan Motor Car Carrier Company Limited · Renault Nissan Technology and Business Centre India Private Limited (RNTBCI) · Nissan Powertrain (Thailand) Company Limited · Nissan Europe S.A.S. · Nissan Middle East FZE · Nissan International S.A.(‘NISA’) · Nissan South Africa (PTY) Limited · Nissan Motor (Thailand) Company Limited · Nissan Mexicana S.A. DEC.V. · Renault S.A.S · Renault Nissan Automotive India Private Limited (‘RNAIPL’) · Nissan Motor Iberica, S.A. · Nissan Shanghai Company Limited · Nissan China Investment Company Limited · Nissan Motor Manufacturing (UK) Limited · Nissan Trading China Company Limited · Ashok Leyland Nissan Vehicles Limited · Nissan Trading Europe Limited · Nissan Trading India Private Limited. · PT. Nissan Motor Indonesia · SIAM Nissan Automobile Company Limited · Nissan Technical Center Europe · Nitco Siam Company Limited · Yulon Motors Company Limited · Nissan Center Europe , GMBH · Nissan Nordic Europe OY · Nissan Motor Indonesia · Renault Sandouville SNC · Renault India Private Limited · Nissan North America, Inc. · Dongfeng Nissan Engine branch Co. · Dongfeng Nissan PV · Company · Guangzhou DFS enterprise Limited · Nissan Trading · Corporation Americas · Nissan Carrier Europe B. V. · Nissan Motor ( GB) Limited · Nissan Trading Europe Limited · Nissan DO Brasil Automoiveis Ltda., · Nissan Motor Phils.,Inc · Nissan Motor Co. (Australia) Pty. Limited · Nissan Motor Asia Pacific Co., Limited · Nissan Import Egypt, Limited · Nissan Marketing & Distribution Egypt S.A.E. · Nissan Ashok Leyland Technologies Limited · Nissan Motor Egypt S.A.E · Nissan Creative Service Co., Limited ·
Nissan New Zealand Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1030000000 |
Equity Shares |
Rs.10/- each |
Rs.10300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1030000000 |
Equity Shares |
Rs.10/- each |
Rs.10300.000
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 |
10300.000 |
10300.000 |
10300.000 |
|
(b) Reserves & Surplus |
(844.440) |
(4949.230) |
(8067.440) |
|
(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) |
9455.560 |
5350.770 |
2232.560 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4846.690 |
3442.690 |
2811.260 |
|
(b) Deferred tax liabilities
(Net) |
129.200 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
416.400 |
536.800 |
711.410 |
|
Total
Non-current Liabilities (3) |
5392.290 |
3979.490 |
3522.670 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
17814.840 |
12635.700 |
15853.870 |
|
(c) Other current liabilities |
32471.650 |
18573.790 |
20314.560 |
|
(d) Short-term provisions |
1017.910 |
1474.370 |
175.470 |
|
Total
Current Liabilities (4) |
51304.400 |
32683.860 |
36343.900 |
|
|
|
|
|
|
TOTAL |
66152.250 |
42014.120 |
42099.130 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8117.370 |
4660.880 |
10502.760 |
|
(ii) Intangible Assets |
88.220 |
6.670 |
22.030 |
|
(iii) Capital work-in-progress |
872.560 |
447.530 |
343.780 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8730.160 |
5192.830 |
2353.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
17808.310 |
10307.910 |
13221.570 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4482.600 |
3088.640 |
6914.690 |
|
(c) Trade receivables |
10541.610 |
6438.620 |
9151.910 |
|
(d) Cash and cash equivalents |
2204.190 |
1670.220 |
3734.690 |
|
(e) Short-term loans and
advances |
21270.840 |
15266.990 |
9074.030 |
|
(f) Other current assets |
9844.700 |
5241.740 |
2.240 |
|
Total
Current Assets |
48343.940 |
31706.210 |
28877.560 |
|
|
|
|
|
|
TOTAL |
66152.250 |
42014.120 |
42099.130 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
107315.260 |
93040.21 |
74765.68 |
|
|
Other Income |
6734.460 |
5727.000 |
2596.180 |
|
|
TOTAL
(A) |
114049.720 |
98767.210 |
77361.860 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
107200.580 |
93789.870 |
80117.130 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
6849.140 |
4977.340 |
(2755.270) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
380.400 |
280.68 |
204.44 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6498.740 |
4696.66 |
(2959.710) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2060.320 |
1517.65 |
1708.24 |
|
|
|
|
|
|
|
|
Exceptional
Item |
132.590 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
4571.010 |
3179.010 |
(4667.950) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
466.220 |
60.800 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
4104.790 |
3118.210 |
(4667.950) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
73273.760 |
65913.87 |
56241.05 |
|
|
TOTAL
EARNINGS |
73273.760 |
65913.870 |
56241.050 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
20116.64 |
|
|
Trade Goods |
791.980 |
356.05 |
2816.26 |
|
|
Capital Goods |
2606.720 |
683.09 |
360.15 |
|
|
TOTAL
IMPORTS |
3398.700 |
1039.140 |
23293.050 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.99 |
3.27 |
4.53 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.82 |
3.35 |
(6.24) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
6.38 |
5.35 |
(3.69) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.00 |
7.65 |
(11.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.59 |
(2.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51 |
0.64 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.97 |
0.79 |
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 |
10300.000 |
10300.000 |
10300.000 |
|
Reserves & Surplus |
(8067.440) |
(4949.230) |
(844.440) |
|
Net
worth |
2232.560 |
5350.770 |
9455.560 |
|
|
|
|
|
|
long-term borrowings |
2811.260 |
3442.690 |
4846.690 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2811.260 |
3442.690 |
4846.690 |
|
Debt/Equity
ratio |
1.259 |
0.643 |
0.513 |
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 |
74765.680 |
93040.210 |
107315.260 |
|
|
|
24.442 |
15.343 |
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 |
74765.680 |
93040.210 |
107315.260 |
|
Profit |
(4667.950) |
3118.210 |
4104.790 |
|
|
(6.24%) |
3.35% |
3.82% |
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 |
|
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Foreign currency term loans from other |
4846.690 |
3442.690 |
|
|
|
|
|
Total |
4846.690 |
3442.690 |
BACKGROUND AND CORPORATE
INFORMATION
Subject was incorporated on February 7, 2005. The Company was engaged in manufacturing operations at the vehicle manufacturing plant in Chennai until the previous year. Pursuant to certain internal restructuring exercise within Renault and Nissan group, effective from April 10, 2012, the Company has discontinued its manufacturing operations and is engaged in the purchase and sale of motor vehicles, spare parts in India and export of vehicle components to its group Companies.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
· Plant and Machinery
· Office Equipments
· Factory Equipments
· Computer and Other Peripherals
· Furniture and Fixtures
· Motor Vehicles
· Leasehold Improvements
· Other Fixed Assets
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.61.73 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
44 |
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.