MIRA INFORM REPORT
|
Report No. : |
341719 |
|
Report Date : |
22.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MITSUBISHI CORPORATION INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
MC INTERNATIONAL INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
5th Floor, Birla Tower, 25 Barakhamba Road, New
Delhi – 110001 |
|
Tel No.: |
91-11-41503888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-079069 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1200.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201DL1996PTC079069 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM4764G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
The Company Deals in Logistics, Petroleum Products and Ferrous Raw Materials, Non-Ferrous Metals and Minerals. |
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|
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|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (56) |
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Exists |
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Comments : |
Subject is a subsidiary of "MITSUBISHI CORPORATION", JAPAN. It deals in logistics, petroleum products, ferrous and non-ferrous metals and minerals. It is an established company having fine track record. Reserves of the company is low. However, the Company is operating on its owned funds during FY2014. The rating also takes into consideration company's improved operational risk profile marked by adequate capital base and financial as well as managerial support that company receives from its parent company. Trade relations are fair. Business is active. Payment terms are reported to be regular. In view of strong holding, the company can be considered for business dealings at usual trade terms and condition. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (91-11-41503888)
LOCATIONS
|
Registered Office : |
5th Floor, Birla Tower, 25 Barakhamba Road, New Delhi –
110001, India |
|
Tel. No.: |
91-11-41503888 |
|
Fax No.: |
91-11-23736726 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office : |
75-77, Maker Chambers, 7th Floor, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
Tel. No.: |
91-22-42300700 |
|
Fax No.: |
91-22-42300701 |
|
Location : |
Rented |
|
|
|
|
Branch Offices : |
Located At:
|
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Prince Madan |
|
Designation : |
Director |
|
Address : |
C-20, East Kailash, New Delhi – 110068, India |
|
Date of Birth/Age : |
28.09.1967 |
|
Date of Appointment : |
28.09.2010 |
|
PAN No.: |
AAKPM7441H |
|
DIN No.: |
03282439 |
|
|
|
|
Name : |
Mr. Nobuyuki Kato |
|
Designation : |
Director |
|
Address : |
K-24-A, 1st Floor, Hauz Khas Enclave, New Delhi - 110016,
India |
|
Date of Birth/Age : |
31.01.1980 |
|
Date of Appointment : |
18.06.2012 |
|
PAN No.: |
CPLPK1804G |
|
DIN No.: |
05304549 |
|
|
|
|
Name : |
Mr. Takehiro Fujioka |
|
Designation : |
Whole Time Director |
|
Address : |
2/28, 2nd Floor, Shanti Niketan, New Delhi - 110021, India
|
|
Date of Birth/Age : |
29.04.1975 |
|
Date of Appointment : |
23.08.2012 |
|
PAN No.: |
ABTPF2124A |
|
DIN No.: |
05358386 |
|
|
|
|
Name : |
Mr. Hidehiko Kunitake |
|
Designation : |
Director |
|
Address : |
C-5/5, 2nd Floor, Vasant Vihar, Delhi – 110021, India |
|
Date of Birth/Age : |
12.0.1962 |
|
Date of Appointment : |
21.09.2012 |
|
PAN No.: |
CSRPK8687G |
|
DIN No.: |
06380209 |
|
|
|
|
Name : |
Mr. Masakazu Sakakida |
|
Designation : |
Director |
|
Address : |
13, Panchasheel Marg, Chankapuri, New Delhi, India |
|
Date of Birth/Age : |
11.11.1958 |
|
Date of Appointment : |
27.09.2013 |
|
PAN No.: |
ESIPS2244Q |
|
DIN No.: |
06505056 |
|
|
|
|
Name : |
Mr. Masaru Akiyama |
|
Designation : |
Director |
|
Address : |
E-25, 2nd Floor, Vasant Marg, Vasant Vihar, New Delhi – 110
057, India |
|
Date of Birth/Age : |
07.07.1969 |
|
Date of Appointment : |
18.11.2013 |
|
PAN No.: |
BKUPA0838D |
|
DIN No.: |
06736988 |
|
|
|
|
Name : |
Mr. Kiyoshi Iwata |
|
Designation : |
Whole Time Director |
|
Address : |
5, First Floor, Anand Lok, August Kranti Marg, New Delhi – 110049,
India |
|
Date of Birth/Age : |
30.12.1961 |
|
Date of Appointment : |
24.01.2014 |
|
PAN No.: |
AEDPI0849C |
|
DIN No.: |
06795890 |
|
|
|
|
Name : |
Mr. Arihiro Nakamura |
|
Designation : |
Director |
|
Address : |
Flat No.4607, The imperial north tower BB Nakashe Marg, Tardeo Mumbai
– 400034, Maharashtra, India |
|
Date of Birth/Age : |
16.11.1965 |
|
Date of Appointment : |
21.03.2014 |
|
PAN No.: |
AWAPN3393B |
|
DIN No.: |
06849587 |
|
|
|
|
Name : |
Toshiaki Ueki |
|
Designation : |
Director |
|
Address : |
A-10/4, 2nd Floor, Rear Unit, Vasant Vihar, Delhi -
110057, India |
|
Date of Appointment : |
26.04.2013 |
|
DIN No.: |
06563320 |
KEY EXECUTIVE
|
Name : |
Mr. Prince Madan |
|
Designation : |
Secretary |
|
Address : |
C-20, East Kailash, New Delhi – 110068, India |
|
Date of Birth/Age : |
28.09.1967 |
|
Date of Appointment : |
25.09.2001 |
|
PAN No.: |
AAKPM7441H |
MAJOR SHAREHOLDERS
As on 28.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mitsubishi Corporation, Japan |
|
119999999 |
|
Mitsubishi Australia, Australia |
|
1 |
|
Total |
|
120000000 |
As on 28.08.2014
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 Deals in Logistics, Petroleum Products and
Ferrous Raw Materials, Non-Ferrous Metals and Minerals. |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
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PAN No.: |
AABFD2095B |
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Mitsubishi Corporation, Japan |
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Fellow Subsidiary Company : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/-each |
Rs.1200.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/-each |
Rs.1200.000 Million |
FINANCIAL DATA
[All figures are
in Rupees Million]
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 |
1200.000 |
1200.000 |
1200.000 |
|
(b) Reserves &
Surplus |
871.034 |
690.764 |
571.251 |
|
(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) |
2071.034 |
1890.764 |
1771.251 |
|
|
|
|
|
|
(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 |
11.717 |
2.270 |
|
(d) long-term provisions |
41.423 |
31.933 |
20.856 |
|
Total Non-current
Liabilities (3) |
41.423 |
43.650 |
23.126 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
91.511 |
|
(b) Trade payables |
8482.948 |
8418.713 |
11546.002 |
|
(c) Other current
liabilities |
109.768 |
35.984 |
28.191 |
|
(d) Short-term provisions |
11.044 |
10.987 |
1.174 |
|
Total Current Liabilities
(4) |
8603.760 |
8465.684 |
11666.878 |
|
|
|
|
|
|
TOTAL |
10716.217 |
10400.098 |
13461.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
190.684 |
177.710 |
90.902 |
|
(ii) Intangible Assets |
3.144 |
3.559 |
0.247 |
|
(iii) Capital
work-in-progress |
0.000 |
9.341 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
3.500 |
15.423 |
20.000 |
|
(c) Deferred tax assets
(net) |
72.018 |
66.834 |
30.485 |
|
(d) Long-term Loan and Advances |
607.907 |
572.114 |
360.445 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
4.067 |
|
Total Non-Current Assets |
877.253 |
844.981 |
506.146 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1594.602 |
901.801 |
666.550 |
|
(c) Trade receivables |
7653.194 |
7749.418 |
10610.697 |
|
(d) Cash and cash
equivalents |
447.556 |
784.714 |
1474.926 |
|
(e) Short-term loans and
advances |
30.542 |
63.521 |
65.782 |
|
(f) Other current assets |
113.070 |
55.663 |
137.154 |
|
Total Current Assets |
9838.964 |
9555.117 |
12955.109 |
|
|
|
|
|
|
TOTAL |
10716.217 |
10400.098 |
13461.255 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
Turnover |
42761.682 |
42855.440 |
38813.462 |
|
|
Other
Income |
143.039 |
116.136 |
117.708 |
|
|
TOTAL REVENUE |
42904.721 |
42971.576 |
38931.170 |
|
|
|
|
|
|
|
Less |
EXPENSES |
42589.177 |
42936.892 |
38745.813 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
315.544 |
34.684 |
185.357 |
|
|
|
|
|
|
|
Less/ Add |
INTEREST AND DEPRECIATION |
41.786 |
33.187 |
30.425 |
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEMS |
0.000 |
172.464 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
273.758 |
173.961 |
154.932 |
|
|
|
|
|
|
|
Less |
TAX |
93.488 |
54.448 |
50.475 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
180.270 |
119.513 |
104.457 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.50 |
1.00 |
0.87 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(236.548) |
(472.753) |
449.351 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.42 |
0.28 |
0.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.74 |
0.08 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.57 |
1.69 |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.09 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.13 |
1.11 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1200.000 |
1200.000 |
1200.000 |
|
Reserves & Surplus |
571.251 |
690.764 |
871.034 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1771.251 |
1890.764 |
2071.034 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
91.511 |
0.000 |
0.000 |
|
Total
borrowings |
91.511 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.052 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
38813.462 |
42855.440 |
42761.682 |
|
|
|
10.414 |
-0.219 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
38813.462 |
42855.440 |
42761.682 |
|
Profit |
104.457 |
119.513 |
180.270 |
|
|
0.27% |
0.28% |
0.42% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
IN THE HIGH COURT OF
DELHI AT NEW DELHI
|
Petitioner |
The Commissioner of Income Tax – II |
|
Respondent |
Mitsubishi Corporation India Private Limited |
OPERATIONS REVIEW
AND FUTURE OUTLOOK ·
The company achieved a turnover of Rs.42761.682 Million in the year, as compared
to turnover of Rs. 42855.440 Million in the previous year thereby showing a
decrease of 0.2 %. During the year, the Company has earned a Profit after tax
of Rs. 180.270 Million as compared to the Profit after tax of Rs. 119.513
Million earned last year. Despite decrease in turnover, the Company has
registered operational gains. The Directors expect to continue to earn profit
in future.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90368520 |
30/10/2003 |
30,000,000.00 |
SOCIETE GENERALE |
6TH FLOOR MOHAN DEV, 13 TOLSTOY MARG, NEW DELHI, |
- |
|
2 |
90385800 |
09/10/2003 |
30,000,000.00 |
SOCIETE GENERALE |
13 TOLSTOY MARG, NEW DELHI, DELHI, INDIA |
- |
|
3 |
90385795 |
19/06/2003 |
100,000,000.00 |
DEUTSCHE BANK |
15- 17 TOLSTOY MARG, NEW DELHI, DELHI, INDIA |
- |
|
4 |
90368494 |
01/10/2002 |
75,000,000.00 |
DEUTSCHE BANK |
HAZARIMAL SOMANI MARG, FORT, MUMBAI, MAHARASHTRA, |
- |
|
5 |
90385771 |
18/01/2002 |
75,000,000.00 |
DEUTSCHE BANK |
FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
6 |
90368447 |
01/08/2002 * |
20,000,000.00 |
THE HONGKONG & SHANGHAI BANKING CORPORATION LTD. |
15 K.G. MARG, NEW DELHI, DELHI, INDIA |
- |
|
7 |
90385745 |
01/08/2002 * |
200,000,000.00 |
THE HONGKONG & SHANGHAI BANKING CORPORATION |
15 KASTURBA GANDHI MARG, NEW DELHI, DELHI, INDIA |
- |
|
8 |
90368446 |
19/05/2000 |
64,000,000.00 |
DEUTSCHE BANK |
TOLSTOY HOUSE, 15- 17 TOLSTOY MARG, NEW DELHI, DE |
- |
|
9 |
90385744 |
19/05/2000 |
64,000,000.00 |
DEUTSCHE BANK |
TOLSTOY HOUSE, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.65.75 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.74.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
56 |
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.