|
|
|
MIRA INFORM REPORT
|
Report No. : |
502425 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
HONDA TRADING CORPORATION INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-10, Manish Twin Plaza, Plot No. 3, Sector-4, Dwarka, New Delhi –
110075 |
|
Tel. No.: |
91-124-4797777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.05.2005 |
|
|
|
|
Com. Reg. No.: |
55-135750 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 86.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2005PTC135750 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH5556J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trading in parts and accessories of automobiles. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a subsidiary of “Honda Trading Corporation”, Japan. The company was incorporated in the year 2005 and has its base in New Delhi. It is engaged in trading of Parts and Accessories of Automobiles. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 1.22%. The sound financial profile of the company is marked by adequate networth base along with strong debt coverage indicators due to low debt balance sheet profile. The rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. However, these rating strength are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 09.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Hari |
|
Designation : |
H R Department |
|
Contact No.: |
91-124-4797777 |
|
Date : |
09.04.2018 |
LOCATIONS
|
Registered Office : |
F-10, Manish Twin Plaza, Plot No. 3, Sector-4, Dwarka, New Delhi –
110075, India |
|
Tel. No.: |
91-124-4797777 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Sigma Centre, A-27, Infocity Sector – 34, Gurugram – 122001, Haryana,
India |
|
Tel. No.: |
91-124-4797777 |
|
Fax No.: |
91-124-4063800 |
|
|
|
|
Branch Office 1 : |
SPL-1, Tapukara Industrial Area, Khushkhera, District Alwar – 301707,
Rajasthan, India |
|
|
|
|
Branch office 2 : |
Plot No. 197, Sector – 4, IMT Manesar, Gurugram – 122050, Haryana,
India |
|
Tel. No.: |
91-124-4797777 |
|
Fax No.: |
91-124-4063800 |
|
|
|
|
Bangalore Office : |
Survey No.48, Huskur Village, Bidarahalli Hobli, Hoskote Taluk, Bangalore
– 560049, Karnataka, India |
|
Tel. No.: |
91-80-28472171 |
|
Fax No.: |
91-80-28472172 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Shigeru Ito |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
K-073, DLF Park Place Tower, DLF Phase V, Sector-54,
Golf Course Road, Gurugram – 122011, Haryana, India |
||||||||
|
Date of birth/age: |
13.03.1970 |
||||||||
|
Date of Appointment : |
14.09.2016 |
||||||||
|
DIN No.: |
07493133 |
||||||||
|
Other directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Toshikazu Ishidoya |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Unit No. 404 , Upper Suites II 4 Soi 25, Sukhumvit
Road, Klongtoey Nua, Wattana Bangkok 10110, Thailand |
||||||||
|
Date of Appointment : |
14.09.2016 |
||||||||
|
DIN No.: |
07493134 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Yuji Mineno |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
B-6,Greenwood City Sector-45, Gurugram –
122002, Haryana, India |
||||||||
|
Date of Appointment : |
25.10.2017 |
||||||||
|
DIN No.: |
07768843 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Hideaki Yoshida |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
B-194, Icon Tower, DLF Phase V, Gurugram –
122001, Haryana, India |
||||||||
|
Date of birth/age: |
20.03.1964 |
||||||||
|
Date of Appointment : |
26.04.2017 |
||||||||
|
DIN No.: |
07768827 |
||||||||
|
Other directorship:
|
|||||||||
KEY EXECUTIVES
|
Name : |
Anjna Makhija |
|
Designation : |
Company Secretary |
|
Address : |
210/18, Hira Nagar, Khandsa Road, Gurugram –
122001, Haryana, India |
|
Date of birth/age: |
13.05.1988 |
|
Date of Appointment : |
15.02.2016 |
|
PAN No.: |
ARMPA6783F |
|
|
|
|
Name : |
Mr. Hari |
|
Designation : |
H R Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Honda Trading Asia Company Limited |
|
860000 |
|
Honda Trading Corporation Japan |
|
7740000 |
|
|
|
|
|
Total |
|
8600000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in parts and accessories of automobiles. [Registered Activity] |
||||
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|
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Products / Services
: |
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||||
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
||||
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
B S R and Company LLP Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower-B, DLF Cyber City, Phase-II, Gurugram, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
|
|
|
|
|
Fellow
Subsidiary Company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8600000 |
Equity Shares |
INR 10/- each |
INR 86.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8600000 |
Equity Shares |
INR 10/- each |
INR 86.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
86.000 |
86.000 |
86.000 |
|
(b) Reserves and Surplus |
303.384 |
193.201 |
91.965 |
|
(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) |
389.384 |
279.201 |
177.965 |
|
|
|
|
|
|
(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 |
3.933 |
3.436 |
2.564 |
|
Total Non-current
Liabilities (3) |
3.933 |
3.436 |
2.564 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
980.000 |
1172.000 |
1309.999 |
|
(b) Trade
payables |
1335.731 |
1423.770 |
1587.116 |
|
(c) Other
current liabilities |
46.496 |
58.723 |
71.984 |
|
(d) Short-term
provisions |
3.705 |
0.181 |
0.203 |
|
Total Current
Liabilities (4) |
2365.932 |
2654.674 |
2969.302 |
|
|
|
|
|
|
TOTAL |
2759.249 |
2937.311 |
3149.831 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19.124 |
24.941 |
29.508 |
|
(ii)
Intangible Assets |
1.549 |
1.439 |
1.027 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
2.608 |
0.000 |
0.000 |
|
(b) Non-current Investments |
19.800 |
19.800 |
19.800 |
|
(c) Deferred tax assets (net) |
8.087 |
5.860 |
4.705 |
|
(d)
Long-term loans and advances |
108.756 |
109.712 |
112.893 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
159.924 |
161.752 |
167.933 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1468.645 |
1609.467 |
1654.398 |
|
(c) Trade
receivables |
932.571 |
1009.418 |
1250.357 |
|
(d) Cash and
bank balances |
167.819 |
121.141 |
38.125 |
|
(e)
Short-term loans and advances |
30.290 |
35.533 |
38.272 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.746 |
|
Total
Current Assets |
2599.325 |
2775.559 |
2981.898 |
|
|
|
|
|
|
TOTAL |
2759.249 |
2937.311 |
3149.831 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
9013.184 |
10648.809 |
11139.309 |
|
|
Other Income |
23.428 |
15.260 |
11.502 |
|
|
TOTAL |
9036.612 |
10664.069 |
11150.811 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
8362.691 |
10097.861 |
10787.401 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
140.822 |
44.931 |
(100.696) |
|
|
Employee benefit expense |
109.119 |
74.975 |
71.896 |
|
|
CSR expenditure |
1.332 |
0.617 |
0.110 |
|
|
Other expenses |
177.941 |
186.111 |
181.797 |
|
|
TOTAL |
8791.905 |
10404.495 |
10940.508 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
244.707 |
259.574 |
210.303 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
67.963 |
96.769 |
103.063 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
176.744 |
162.805 |
107.240 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.505 |
7.693 |
7.303 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
169.239 |
155.112 |
99.937 |
|
|
|
|
|
|
|
Less |
TAX |
59.055 |
53.876 |
(0.420) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
110.184 |
101.236 |
100.357 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1169.056 |
1473.946 |
NA |
|
|
TOTAL EARNINGS |
1169.056 |
1473.946 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
5363.448 |
6869.441 |
NA |
|
|
TOTAL IMPORTS |
5363.448 |
6869.441 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.81 |
11.77 |
11.67 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
370.350 |
378.234 |
54.571 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
310.567 |
321.611 |
22.545 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
37.77 |
34.60 |
40.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.66 |
10.55 |
8.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
58.30 |
51.46 |
53.70 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.17 |
0.16 |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
10.51 |
9.84 |
6.89 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.86 |
0.90 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.52 |
4.20 |
7.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.08 |
9.51 |
16.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.06 |
0.09 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.60 |
2.68 |
2.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.22 |
0.95 |
0.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.99 |
3.45 |
3.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
28.30 |
36.26 |
56.39 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.10 |
1.05 |
1.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.48 |
0.44 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.14 |
0.10 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.40 |
13.63 |
15.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.10 |
1.05 |
1.00 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
86.000 |
86.000 |
86.000 |
|
Reserves & Surplus |
91.965 |
193.201 |
303.384 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
177.965 |
279.201 |
389.384 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1309.999 |
1172.000 |
980.000 |
|
Total
borrowings |
1309.999 |
1172.000 |
980.000 |
|
Debt/Equity
ratio |
7.361 |
4.198 |
2.517 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
11139.309 |
10648.809 |
9013.184 |
|
|
|
(4.403) |
(15.360) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
11139.309 |
10648.809 |
9013.184 |
|
Profit/ (Loss) |
100.357 |
101.236 |
110.184 |
|
|
0.90
% |
0.95
% |
1.22
% |
LEGAL
CASE
HIGH COURT OF DELHI
|
CASE TYPE :ITA |
Date of Filing : 07/11/13 15:50:46 |
|
DIARY NO : 132927/2013 |
STATUS : RETURNED |
|
COMMISSIONER OF
INCOME TAX-IV |
|
HONDA TRADING CORPORATION INDIA PVT.LTD. |
|
Scrutiny Assistant : |
SHIVALI DHAWAN |
||||||||||
|
Filing Advocate : |
KAMAL SAWHNEY |
||||||||||
|
Subject1 : |
NOT ENTERED |
||||||||||
|
Subject2 : |
NOT ENTERED |
||||||||||
|
DEFECTS DETAIL |
|||||||||||
|
S.NO. |
Defects |
Marked On |
Removed |
||||||||
|
1. |
.(207) |
||||||||||
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGE: No Charges Exists for Company
BUSINESS OPERATIONS
The Company delivered another year of steady performance. Financial Year 2016 17 has been a successful year for the Company. During the year the company has achieved revenue from operations INR 9037.000 Million as again Rest. 10664.000 Million in the previous year and Net profit for the year is INR 110.180 Million as again the Net profit of INR 101.230 Million in the previous year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Working capital loans from banks |
980.000 |
1172.000 |
|
|
|
|
|
Total |
980.000 |
1172.000 |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Goodwill
- Brands and trade marks
- Computer 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 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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.