MIRA
INFORM REPORT
|
Report No. : |
308783 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
RENAULT NISSAN TECHNOLOGY AND BUSINESS CENTRE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ascendas Mahindra IT Park, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.09.2007 |
|
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Com. Reg. No.: |
18-064840 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 832.470 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50401TN2007PTC064840 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHER09166D |
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PAN No.: [Permanent Account No.] |
AADCR7253E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The subject has
been set up in a Special Economic Zone and provides service activities like engineering,
business process outsourcing, sourcing support and Information Technology
Enabled Services. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 14500000 |
|
|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a 50:50 joint venture between Renault Group B.V. and Nissan
International Holding B.V It is an established company having fine track record. Financial position of the company seems to be sound. Trade relations are fair. Business is active. Payments are reported to
be regular and as per commitments. The company can be considered good for normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 : |
Ascendas Mahindra IT Park, Mahindra World City, Natham Sub-Post,
Chengalpat, Chennai-603002, Tamilnadu, India
|
|
Tel. No.: |
91-44-28120000 / 67481008 |
|
Mobile No.: |
91-9962562827 (Mr. Gopinath Manan) |
|
Fax No.: |
91-44-28120001 / 67481150 |
|
E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Gilles Jose Louis Normand |
|
Designation : |
Director |
|
Address : |
3, Rue Villaret De, Joyeuse Paris – 75017, France |
|
Date of Birth/Age : |
01.09.1962 |
|
Date of Appointment : |
23.09.2013 |
|
Date of cessation : |
04.12.2014 |
|
DIN No.: |
02609830 |
|
|
|
|
Name : |
Mr. Hiroki Sasaki |
|
Designation : |
Director |
|
Address : |
No.3/149, V Venkatasubramaniam Salai, Sudhanathapuram, Uthandi,
Chennai – 600119, Tamilnadu, India |
|
Date of Birth/Age : |
27.03.1965 |
|
Date of Appointment : |
23.09.2013 |
|
DIN No.: |
06677510 |
|
Name : |
Charles Etienne Michel Marie Verdier |
|
Designation : |
Managing director |
|
Address : |
Park Hyatt, 39 Velachery main Road, Chennai – 600039, Tamilnadu, India
|
|
Date of Birth/Age : |
16.06.1955 |
|
Date of Appointment : |
01.06.2014 |
|
DIN No.: |
06939827 |
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|
|
|
Name : |
Hideyuki Sakamoto |
|
Designation : |
Additional director |
|
Address : |
705-6-916, Minamioya, Machida-shi, Tokyo, Japan |
|
Date of Birth/Age : |
15.04.1956 |
|
Date of Appointment : |
19.05.2014 |
|
DIN No.: |
06939839 |
|
|
|
|
Name : |
Takashi Hata |
|
Designation : |
Additional director |
|
Address : |
303, Tiara Shimazuyama, 12-15 Higashigotanda Shinagawa, Tokyo, Japan |
|
Date of Birth/Age : |
05.07.1958 |
|
Date of Appointment : |
29.09.2014 |
|
DIN No.: |
06873078 |
KEY EXECUTIVES
|
Name : |
Vasudeva Rao |
|
Designation : |
Secretary |
|
Address : |
No. 22, Flat No. F, Rekha Shelters, Rajaji Street, Guduvanchery,
Kanchipuram (Dist.) Chennai – 603202, Tamilnadu, India |
|
Date of Birth/Age : |
22.06.1979 |
|
Date of Appointment : |
27.11.2013 |
|
PAN No.: |
AFLPV5598L |
|
Name : |
Debashis Neogi |
|
Designation : |
Vice President - Product - PWT,CAE,COE & Materials |
|
Qualification : |
BE |
|
Experience |
25.9 Years |
|
Name : |
Vetrivel Rajupillai |
|
Designation : |
Vice President – IS-IT |
|
Qualification : |
BE,MBA |
|
Experience |
26 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Equity Shareholders Class (A) |
No. of Shares |
|
Nissan International Holdings B.V., Netherlands |
27748850 |
|
Renault Group B.V., Netherlands
|
27748850 |
|
TOTAL |
55497700 |
|
|
|
|
Names of Equity Shareholders Class (B) |
No. of Shares |
|
Renault Group B.V., Netherlands
|
27748850 |
|
TOTAL
|
27748850 |
As on 29.09.2014
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 : |
The subject has been set up in a Special Economic Zone and provides service
activities like engineering, business process outsourcing, sourcing support
and Information Technology Enabled Services. |
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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
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Banking Relations
: |
--- |
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Auditors : |
|
|
Name : |
S R Batlibol and Associates Chartered Accountants |
|
Address : |
Tidel Park 6th & 7th Floor, A Block (Module 601 701-702), No 4, Rajiv Gandhi Salai , Taramani, Chennai - 600113, Tamilnadu, India |
|
PAN No.: |
ACHFS9118A |
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Joint Venture
Parties : |
Renault Group B.V. Nissan International Holding B.V. |
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|
Enterprises are
under common control : |
· Nissan Motor Company Limited ,Japan · Renault SAS, France · Renault Nissan Automotive India Private Limited · Renault India Private Limited · Nissan Europe SAS · Nissan Manufacturing Company UK Limited · Ashok Leyland Nissan Vehicles Limited · Nissan Motor India Private Limited · Renault Espana S.A. · Renault Nissan BV · Renault Deutschland AG · Renault Cacia, S.A. · Renault España Commercial S.A. · Renault Italia · Nissan North America Inc. · Renault Nordic AB · Renault UK Limited, · Renault Belgique Luxembourg S A · Renault Nederland N.V. · Renault Osterreich Gmbh · Renault Suisse S.A. · Nissan Motor Iberica S.A. · Renault Samsung Motors · Nissan Motor Egypt S.A.E · Nissan Ashok Leyland Technologies Limited · Renault Tanger Exploitation SAS · Nissan Renault Financial Services India Private Limited · Nissan Arc Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55497700 |
Equity Shares (Class A) |
Rs.10/- each |
Rs. 554.977 Millions |
|
27748850 |
Equity Shares (Class B) |
Rs.10/- each |
Rs. 277.489 Millions |
|
|
TOTAL |
|
Rs. 832.466
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55497700 |
Equity Shares (Class A) |
Rs.10/- each |
Rs. 554.980 Millions |
|
27748850 |
Equity Shares (Class B) |
Rs.10/- each |
Rs. 277.490 Millions |
|
|
TOTAL |
|
Rs. 832.470
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 |
832.470 |
832.470 |
832.470 |
|
(b) Reserves &
Surplus |
4211.780 |
2857.580 |
1925.550 |
|
(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) |
5044.250 |
3690.050 |
2758.020 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
115.630 |
79.750 |
69.590 |
|
Total Non-current
Liabilities (3) |
115.630 |
79.750 |
69.590 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
972.070 |
868.000 |
562.090 |
|
(c) Other current
liabilities |
315.280 |
495.660 |
222.750 |
|
(d) Short-term provisions |
10.000 |
26.770 |
6.560 |
|
Total Current Liabilities
(4) |
1297.350 |
1390.430 |
791.400 |
|
|
|
|
|
|
TOTAL |
6457.230 |
5160.230 |
3619.010 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
745.660 |
664.970 |
524.960 |
|
(ii) Intangible Assets |
70.270 |
98.570 |
92.100 |
|
(iii) Capital
work-in-progress |
0.000 |
7.810 |
13.910 |
|
(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) |
54.610 |
48.270 |
49.430 |
|
(d) Long-term Loan and Advances |
1207.340 |
898.720 |
580.290 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2077.880 |
1718.340 |
1260.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1802.180 |
1727.660 |
1557.510 |
|
(d) Cash and cash
equivalents |
1967.330 |
929.500 |
443.280 |
|
(e) Short-term loans and
advances |
598.170 |
783.430 |
356.670 |
|
(f) Other current assets |
11.670 |
1.300 |
0.860 |
|
Total Current Assets |
4379.350 |
3441.890 |
2358.320 |
|
|
|
|
|
|
TOTAL |
6457.230 |
5160.230 |
3619.010 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
11165.450 |
8450.200 |
5268.760 |
|
|
Other Income |
240.650 |
86.670 |
238.730 |
|
|
TOTAL (A) |
11406.100 |
8536.870 |
5507.490 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL (B) |
9348.230 |
7060.750 |
4367.380 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
2057.870 |
1476.120 |
1140.110 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
2057.870 |
1476.120 |
1140.110 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
352.910 |
293.270 |
196.830 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
1704.960 |
1182.850 |
943.280 |
|
|
|
|
|
|
|
Less |
TAX (H) |
350.760 |
250.820 |
49.530 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
1354.200 |
932.030 |
893.750 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
2857.580 |
1925.550 |
1031.800 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
4211.780 |
2857.580 |
1925.550 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
10331.960 |
7850.700 |
4811.830 |
|
|
TOTAL EARNINGS |
10331.960 |
7850.700 |
4811.830 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
16.27 |
11.20 |
10.74 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
12.13 |
11.03 |
16.96 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
18.43 |
17.47 |
21.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.63 |
23.17 |
26.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.32 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.38 |
2.48 |
2.98 |
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 |
832.470 |
832.470 |
832.470 |
|
Reserves & Surplus |
1925.550 |
2857.580 |
4211.780 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2758.020 |
3690.050 |
5044.250 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
5268.760 |
8450.200 |
11165.450 |
|
|
|
60.383 |
32.132 |
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 |
5268.760 |
8450.200 |
11165.450 |
|
Profit |
893.750 |
932.030 |
1354.200 |
|
|
16.96% |
11.03% |
12.13% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
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 |
Note:
The registered office of the company has been shifted from
Suite 503, Sigma Wing, V Floor, Raheja Towers, No.177, AnnaSalai, Chennai –
600002, Tamilnadu, India to present address w.e.f. 13.03.2008.
CORPORATE INFORMATION
Renault Nissan Technology & Business Centre India Private Limited ('RNTBCI' or 'the Company') was incorporated on September 21, 2007 in Kancheepuram District., Tamil Nadu. The Company is a joint venture between the automobile manufacturers Renault Group B.V, France and Nissan International Holding B.V, Japan. The Company has been set up in a Special Economic Zone and provides service activities like Engineering design, back office accounting support, contract R&D support, Sourcing Support and Information Technology Enabled support Services.
REVIEW OF OPERATIONS
AND OUTLOOK
During the year, the Company made a turnover of Rs. 11165.45 Millions (Previous Year 8450.20 Millions) and a net profit of Rs. 1354.20 Million (Previous Year Rs. 932.03) after taxes.
The Directors are hopeful that the Company will perform better and expedite the business better in the current year.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
·
Leasehold Improvements
·
Computer and Accessories
·
Office Equipments
·
Furniture and Fixtures
·
Electrical Fittings
·
Vehicles
·
Software
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.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
RASH |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
66 |
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.