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|
|
MIRA INFORM REPORT
|
Report No. : |
488003 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TOYODA GOSEI MINDA INDIA PRIVATE LIMITED (w.e.f 29.11.2011) |
|
|
|
|
Formerly Known
As : |
TOYODA
GOSEI INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No. SP2-30 and 31, RIICO Industrial Area, Majrakath Area, Neemrana-301705, Rajasthan |
|
Tel. No.: |
91-1494-246418 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
17.04.2008 |
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|
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|
Com. Reg. No.: |
17-026385 |
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Capital
Investment / Paid-up Capital : |
INR 3290.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U28111RJ2008PTC026385 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCT9290L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of automobile safety systems, body-sealing, steering parts and trading of moulds and fuel caps. (Registered Activity) |
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 6210000 |
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Toyoda Gosei Company Limited” Japan”. It was
incorporated in the year 2008. For the financial year 2017, the company has increased its revenue
from operations as compared to previous year and maintained decent profit
margin of 7.10%. The company has sound financial base and healthy capital structure. Rating takes into consideration strong managerial and financial
support receives to the company from its holding entity. Rating also takes into account of well-established track record of
business operations and market position. However, rating strength is partially offset by negative reserve
position reported during the year. Trade relations are reported as fair. Business is active. Payments are
slow but correct. 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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
|
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
31-03-2016.
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 23.01.2018
INFORMATION DECLINED
Management non-cooperative (Mobile No.:91-8003090010/7023004964)
LOCATIONS
|
Registered Office : |
Plot No. SP2-30 and 31, RIICO Industrial Area, Majrakath Area, Neemrana-301705, Rajasthan, India |
|
Tel. No.: |
91-1494-246418/246419/246420 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 2017
|
Name : |
Mr. Mitsuhiro Nawashiro |
|
Designation : |
Managing Director |
|
Address : |
1307-50 Ibata, Niwa Ichinomiya-Shi Aichi 460007 Japan |
|
Date of Appointment : |
27.12.2017 |
|
DIN No.: |
08000758 |
|
|
|
|
Name : |
Mr. Yukihiro Kuwahara |
|
Designation : |
Whole-Time Director |
|
Address : |
27-180, Sugatari, Sobuecho Futamata Inazawa-Shi, Aichi 495001 Japan |
|
Date of Appointment : |
20.12.2017 |
|
DIN No.: |
08021767 |
|
|
|
|
Name : |
Toru Koyama |
|
Designation : |
Director |
|
Address : |
704-1, Uchikoshi, Nagakute City, Aichi 4801152 Japan |
|
Date of Birth/Age : |
01.12.1959 |
|
Date of Appointment : |
27.10.2016 |
|
DIN No.: |
07584229 |
|
|
|
|
Name : |
Mr. Ravi Mehra |
|
Designation : |
Director |
|
Address : |
C-301, Parkview City-1, Sector-48, Sohna Road, Gurugram- 122018,
Haryana, India |
|
Date of Birth/Age : |
08.04.1961 |
|
Date of Appointment : |
12.07.2016 |
|
DIN No.: |
01651911 |
|
|
|
|
Name : |
Yasuyuki Yamashita |
|
Designation : |
Additional Director |
|
Address : |
1009, 2-5-1 Terashima Ichinomiya Aichi 4910059 Japan |
|
Date of Appointment : |
20.12.2017 |
|
DIN No.: |
08022867 |
KEY EXECUTIVES
|
Name : |
Bharat Khaniwal |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 12 D, Ram Gali No. 8, Raja Park, Jaipur -302004, Rajasthan,
India |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ATDPK7503L |
MAJOR SHAREHOLDERS
As on 11.05.2017
|
Names of Shareholders |
No.
of Shares |
%age
holding |
|
Toyoda Gosei Company Limited, Japan |
285463700 |
86.77 |
|
Toyota Tsusho Corporation, Japan |
16450000 |
5.00 |
|
Minda Investments Limited,
India |
27086300 |
8.23 |
|
Total |
329000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 11.05.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of automobile safety systems, body-sealing, steering parts and trading of moulds and fuel caps. (Registered Activity) |
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Products / Services
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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 denied by the management |
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Bankers (As on 2015) |
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Facilities : |
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Auditors : |
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|
Name : |
S R Batliboi and Company LLP Chartered Accountants |
|
Address : |
3rd and 6th Floor, Worldmark-1, Igi Airport Hospitality District Aerocity, New Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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Fellow Subsidiary
Company: |
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CAPITAL STRUCTURE
After 11.05.2017
Authorised Capital : INR 4400.000 Million
Issued, Subscribed & Paid-up Capital : INR 4400.000
Million
As on 11.05.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
329000000 |
Equity Shares |
INR 10/- each |
INR 3290.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
329000000 |
Equity Shares |
INR 10/- each |
INR 3290.000 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 |
3290.000 |
2490.000 |
2490.000 |
|
(b) Reserves and Surplus |
(1117.858) |
(1393.440) |
(1762.290) |
|
(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) |
2172.142 |
1096.560 |
727.710 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
515.680 |
482.418 |
777.525 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
49.020 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.791 |
7.898 |
5.725 |
|
Total Non-current
Liabilities (3) |
527.471 |
490.316 |
832.270 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
280.000 |
430.000 |
455.000 |
|
(b) Trade
payables |
549.249 |
332.877 |
397.368 |
|
(c) Other
current liabilities |
633.251 |
620.242 |
402.285 |
|
(d) Short-term
provisions |
7.260 |
4.863 |
31.238 |
|
Total Current
Liabilities (4) |
1469.760 |
1387.982 |
1285.891 |
|
|
|
|
|
|
TOTAL |
4169.373 |
2974.858 |
2845.871 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1840.084 |
1805.932 |
1662.106 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
741.400 |
111.723 |
89.971 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.060 |
0.060 |
0.060 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
216.279 |
24.974 |
37.175 |
|
(e) Other
Non-current assets |
0.200 |
0.126 |
0.126 |
|
Total Non-Current
Assets |
2798.023 |
1942.815 |
1789.438 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
378.892 |
364.621 |
336.186 |
|
(c) Trade
receivables |
522.077 |
360.632 |
317.671 |
|
(d) Cash and
bank balances |
181.266 |
6.161 |
31.236 |
|
(e)
Short-term loans and advances |
233.820 |
270.141 |
350.870 |
|
(f) Other
current assets |
55.295 |
30.488 |
20.470 |
|
Total
Current Assets |
1371.350 |
1032.043 |
1056.433 |
|
|
|
|
|
|
TOTAL |
4169.373 |
2974.858 |
2845.871 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3880.283 |
2962.772 |
2613.742 |
|
|
Other Income |
120.097 |
28.494 |
47.193 |
|
|
TOTAL |
4000.380 |
2991.266 |
2660.935 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2137.281 |
1535.563 |
1382.069 |
|
|
Purchases of
Stock-in-Trade |
355.360 |
345.362 |
304.111 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
52.231 |
(49.383) |
(53.790) |
|
|
Employee benefit expense |
259.328 |
214.663 |
188.774 |
|
|
CSR expenditure |
0.405 |
0.000 |
0.000 |
|
|
Other expenses |
588.054 |
442.218 |
421.464 |
|
|
TOTAL |
3392.659 |
2488.423 |
2242.628 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
607.721 |
502.843 |
418.307 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
76.051 |
123.767 |
131.503 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
531.670 |
379.076 |
286.804 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
256.087 |
59.246 |
280.119 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
275.583 |
319.830 |
6.685 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(49.020) |
2.736 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
275.583 |
368.850 |
3.949 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
2.547 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
2.547 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
240.673 |
150.873 |
151.106 |
|
|
Components and spare
parts |
124.627 |
88.136 |
103.835 |
|
|
Capital Goods |
280.737 |
99.920 |
112.890 |
|
|
TOTAL IMPORTS |
646.037 |
338.930 |
367.831 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.90 |
1.48 |
0.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
280.169 |
348.841 |
333.154 |
|
Net cash flows from (used in) operations |
657.749 |
586.400 |
322.159 |
|
Net cash flows from (used in) operating activities |
643.008 |
577.639 |
321.257 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
49.11 |
44.43 |
44.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.43 |
8.22 |
8.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
80.43 |
64.60 |
86.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.60 |
1.38 |
1.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.24 |
0.26 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.54 |
0.75 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.50 |
1.15 |
2.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.68 |
1.27 |
1.77 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.19 |
1.75 |
2.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.99 |
4.06 |
3.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.10 |
12.45 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.61 |
12.40 |
0.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.69 |
33.64 |
0.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.93 |
0.74 |
0.82 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.68 |
0.48 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.52 |
0.37 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.33 |
0.51 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.93 |
0.74 |
0.82 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
2490.000 |
2490.000 |
3290.000 |
|
Reserves & Surplus |
(1762.290) |
(1393.440) |
(1117.858) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
727.710 |
1096.560 |
2172.142 |
|
|
|
|
|
|
Long-term borrowings |
777.525 |
482.418 |
515.680 |
|
Short term borrowings |
455.000 |
430.000 |
280.000 |
|
Current maturities of
long-term debts |
333.154 |
348.841 |
280.169 |
|
Total
borrowings |
1565.679 |
1261.259 |
1075.849 |
|
Debt/Equity
ratio |
2.152 |
1.150 |
0.495 |
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 |
2613.742 |
2962.772 |
3880.283 |
|
|
0.000 |
13.354 |
30.968 |
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 |
2613.742 |
2962.772 |
3880.283 |
|
Profit/ (Loss) |
3.949 |
368.850 |
275.583 |
|
|
0.15
% |
12.45
% |
7.10
% |
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 |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
The Company was incorporated on April 17, 2008. The Company is a joint venture between Toyoda Gosei Company Limited (Japan),Toyota Tsusho Corporation and Minda Investment Limited. The Company is engaged in the business of manufacturing of automobile safety systems, body-sealing, steering parts and trading of moulds and fuel caps.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from banks |
513.033 |
477.712 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
280.000 |
430.000 |
|
|
|
|
|
Total |
793.033 |
907.712 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C55791834 |
10573570 |
ICICI BANK |
27/05/2015 |
- |
- |
2580000.0 |
NEEMRAN BRANCH ALWAR-301705, RAJASTHAN, INDIA |
|
2 |
C54192893 |
10570507 |
ICICI BANK LIMITED |
20/05/2015 |
- |
- |
1200000.0 |
NEAR HOTEL NEEMRANA PALACENH-8 NEEMRANA ALWAR-301705, RAJASTHAN, INDIA |
|
3 |
C54202007 |
10570524 |
ICICI BANK |
20/05/2015 |
- |
- |
1200000.0 |
NEEMRAN BRANCH ALWAR-301705, RAJASTHAN, INDIA |
|
4 |
C54195268 |
10570516 |
ICICI BANK LIMITED |
20/05/2015 |
- |
- |
1200000.0 |
NEAR HOTEL NEEMRANA PALACENH-8 NEEMRANA ALWAR-301705, RAJASTHAN, INDIA |
|
5 |
C54196803 |
10570517 |
ICICI BANK LIMITED |
20/05/2015 |
- |
- |
620000.0 |
NEEMRAN BRANCH ALWAR-301705, RAJASTHAN, INDIA |
|
6 |
C54193941 |
10570511 |
ICICI BANK LIMITED |
20/05/2015 |
- |
- |
1200000.0 |
NEAR HOTEL NEEMRANA PALACENH-8 NEEMRANA ALWAR-301705, RAJASTHAN, INDIA |
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipment’s
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 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
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.