|
|
|
MIRA INFORM REPORT
|
Report No. : |
493636 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUZUKI MOTOR GUJARAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 334 and 335, Hansalpur, Near Village Becharaji,
Mandal Hansalpur Ahmedabad – 382130, Gujarat |
|
Mob. No.: |
91-7073760109 (Mr. Asif Khan) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
31.03.2014 |
|
|
|
|
Com. Reg. No.: |
04-079460 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 58100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200GJ2014FTC079460 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAUCS5797D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture of Passenger Cars. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Suzuki Motor
Corporation” Japan. It was incorporated on 31st March, 2014. The company was incorporated
with the objective of carrying the business of manufacturing and selling of
four-wheeled vehicles.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long term bank facilities = AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
13.07.2017 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short term bank facilities =
A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest
credit risk. |
|
Date |
13.07.2017 |
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
31-03-2016.
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 22.02.2018.
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. Asif Khan |
|
Designation : |
Manager |
|
Contact No.: |
91-7073760109 |
|
Date : |
21.02.2018 |
LOCATIONS
|
Registered Office : |
Block No. 334 and 335, Hansalpur, Near Village Becharaji,
Mandal Hansalpur Ahmedabad – 382130, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7073760109 (Mr. Asif Khan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Assembly Warehouse : |
105/109, Hansalpur, Near Becharaji Gujarat State Highway 221, Naviyani
Mandal – 382130, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Naoki Aizawa |
|
Designation : |
Director |
|
Address : |
Jukaso It Suites, Room No 101, 1 I.D.C. Mehrauli, Gurugram Road, Gurugram-122004, Haryana, India |
|
Date of Birth/Age : |
28.11.1951 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.03.2014 |
|
DIN No.: |
01038010 |
|
|
|
|
Name : |
Yoichi Kojima |
|
Designation : |
Director |
|
Address : |
Japanese Hostel, Room No. 305, Opposite MDI, Gate No.3, Adjacent To NH8, Gurugram-122001, Haryana, India |
|
Date of Birth/Age : |
05.11.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.03.2014 |
|
DIN No.: |
02973263 |
|
|
|
|
Name : |
Junichi Otake |
|
Designation : |
Director |
|
Address : |
3-18-24, Ohiradai, Nishi-Ku Hamamatsu City 4328068 Japan |
|
Date of Birth/Age : |
21.02.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.03.2014 |
|
DIN No.: |
06815835 |
|
|
|
|
Name : |
Motohiro Atsumi |
|
Designation : |
Director |
|
Address : |
4-15-20 Ohiradai Nishi-Ku, Hamatmatsu-Shi, Shizuoka-4328068, Japan |
|
Date of Birth/Age : |
07.01.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
29.05.2014 |
|
DIN No.: |
06881922 |
KEY EXECUTIVES
|
Name : |
Mr. Bhavesh L Shah |
|
Designation : |
Company Secretary |
|
Address : |
A/602, Gokul Vrajbhoomi Co-Operative Housing Society, New Link Road, Kandiwali (West), Mumbai- 400067, Maharashtra, India |
|
Date of Appointment : |
28.11.2015 |
|
PAN No: |
AAHPS7169P |
|
|
|
|
Name : |
Mr. Asif Khan |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Suzuki Motor Corporation |
|
5809999999 |
|
Naoki Aizawa (Nominee of Suzuki Motor Corporation) |
|
1 |
|
|
|
|
|
Total |
|
5810000000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.08.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Passenger Cars. (Registered activity) |
||||||
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Products : |
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Brand Names : |
Not Divulged |
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||||||
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||||
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Imports : |
Not Divulged |
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||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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 LLP Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase II, Gurugram - 12202, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Suzuki Motor Corporation, Japan |
|
|
|
|
Fellow Subsidiary
Company : |
L34103DL1981PLC011375
U35923HR2006FTC036301
L29130DL1987PLC027342
U34300HR1991PLC032012
L26102DL1984PLC019542
U74899DL1994PLC058269
U35914HR2010PTC040501
U34201HR2007PTC056640
U74130HR1986PLC023655
U32204DL1993PLC055905
U52110DL1984PTC019375
U40300HR2007PTC046166
L25209HR2003PLC035034 |
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR 100000.000 Million
Issued, Subscribed & Paid-up Capital : INR 59800.000
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000000 |
Equity Shares |
INR 10/- each |
INR 100000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5810000000 |
Equity Shares |
INR 10/- each |
INR 58100.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
58100.000 |
32000.000 |
1000.000 |
|
(b) Reserves &
Surplus |
1757.340 |
107.082 |
24.799 |
|
(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) |
59857.340 |
32107.082 |
1024.799 |
|
|
|
|
|
|
(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 |
2784.090 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.520 |
0.682 |
0.000 |
|
Total Non-current
Liabilities (3) |
2792.610 |
0.682 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
3723.580 |
112.639 |
0.000 |
|
(c) Other current
liabilities |
4587.250 |
521.705 |
14.932 |
|
(d) Short-term provisions |
2.360 |
0.637 |
0.000 |
|
Total Current Liabilities
(4) |
8313.190 |
634.981 |
14.932 |
|
|
|
|
|
|
TOTAL |
70963.140 |
32742.745 |
1039.731 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23339.070 |
32.197 |
1.835 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
4112.570 |
4830.877 |
0.884 |
|
(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 |
23.310 |
984.804 |
1.556 |
|
(e) Other Non-current
assets |
428.920 |
0.000 |
0.000 |
|
Total Non-Current Assets |
27903.870 |
5847.878 |
4.275 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1166.220 |
0.000 |
0.000 |
|
(c) Trade receivables |
1268.190 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
38160.740 |
26477.701 |
1028.329 |
|
(e) Short-term loans and
advances |
0.000 |
90.248 |
1.062 |
|
(f) Other current assets |
2464.120 |
326.918 |
6.065 |
|
Total Current Assets |
43059.270 |
26894.867 |
1035.456 |
|
|
|
|
|
|
TOTAL |
70963.140 |
32742.745 |
1039.731 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
7192.320 |
0.000 |
0.000 |
|
|
Other Income |
1854.600 |
679.169 |
65.215 |
|
|
TOTAL |
9046.920 |
679.169 |
65.215 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4240.190 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(487.340) |
0.000 |
0.000 |
|
|
Employees benefits
expense |
761.070 |
77.643 |
1.098 |
|
|
Other expenses |
1772.640 |
283.699 |
18.058 |
|
|
TOTAL |
6286.560 |
361.342 |
19.156 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2760.360 |
317.827 |
46.059 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.480 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2753.880 |
317.827 |
46.059 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
496.780 |
3.043 |
0.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2257.100 |
314.784 |
45.958 |
|
|
|
|
|
|
|
Less |
TAX |
479.340 |
232.501 |
21.159 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1777.760 |
82.283 |
24.799 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
1376.743 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
1376.743 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.43 |
0.08 |
0.25 |
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 flow from operating activity |
3553.210 |
(352.103) |
(5.879) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
64.36 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.67 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
320.53 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.37 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.10 |
0.07 |
16.94 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.12 |
0.02 |
0.01 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.14 |
0.02 |
0.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.46 |
0.15 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
425.98 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
24.72 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.51 |
0.25 |
2.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.97 |
0.26 |
2.42 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.18 |
42.36 |
69.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
5.04 |
42.36 |
69.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.84 |
0.98 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.18 |
42.36 |
69.34 |
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 |
1000.000 |
32000.000 |
58100.000 |
|
Reserves & Surplus |
24.799 |
107.082 |
1757.340 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1024.799 |
32107.082 |
59857.340 |
|
|
|
|
|
|
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Total Income |
65.215 |
679.169 |
9046.920 |
|
|
|
941.431 |
1,232.057 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Total Income |
65.215 |
679.169 |
9046.920 |
|
Profit |
24.799 |
82.283 |
1777.760 |
|
|
38.03% |
12.12% |
19.65% |
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF AFFAIRS OF THE
COMPANY:
The Company has started production with effect from 1st February, 2017. Total income of INR 9046.920 Million for the Financial Year 2016-17 includes revenue of INR 7,192.320 Million from operation and INR 1854.600 Million as other income. Other Comprehensive Income of INR (1.060) Million is towards item that cannot be reclassified to Profit and Loss Account as re-measurements of the defined benefits plans.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
PRESS RELEASE
SUZUKI PLANS
INR 11510.000 MILLION LITHIUM-ION BATTERY UNIT AT GUJARAT FACILITY
Batteries for hybrid
car models will also be exported
Gandhinagar,
September 14
Japanese automobile giant Suzuki Motor Corp’s (SMC) Chairman Osamu Suzuki on Thursday announced setting up of a lithium ion battery plant at the company's existing facility at Hansalpur in Gujarat.
Suzuki stated that the new plant, which will make lithium-ion batteries for hybrid car models to be sold in domestic and international markets, will be set up jointly by Suzuki, Toshiba Corporation and Denso with a proposed investment of $180 million (₹1,151 crore).
The proposed plant to be located in the suppliers park at Suzuki's Hansalpur plant in Gujarat is expected to be operational from 2020. Suzuki made this announcement during the 12th India-Japan Annual Summit at Mahatma Mandir here in the presence of Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.
The two leaders also performed a symbolic inauguration of the existing vehicle plant and foundation stone laying for the battery plant.
“We plan to use these batteries for hybrid vehicles that will be sold in India and exported too. This facility is being set up as part of our commitment to Make In India," Suzuki said in his address.
Hansalpur facility
SMC's wholly-owned subsidiary Suzuki Motor Gujarat Pvt Ltd (SMG) had commissioned its Hansalpur facility in February 2017 and manufactures Baleno model with annual capacity of 250,000 units at Plant A of the facility.
Suzuki further announced to set up third plant (Plant C) of the company at the Hansalpur facility taking the total installed capacity to 750,000 vehicles per annum.
The third line of production will be set up with a fresh investment of ₹3,800 crore taking SMC’s total investment to ₹13,400 crore generating employment for 10,000.
The construction of plant B with capacity of 250,000 vehicles has already begun along with the construction for engine plant, which will have a capacity of 500,000 units. The two plants are expected to be commissioned by 2019.
The company has already committed investment of $1.5 billion
(₹9,600
crore) for the existing vehicle facility and the two under-implementation
plants at Hansalpur.
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 records 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 64.82 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 79.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
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 |
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.