Bangalore Fluid System Components Private Limited‚¤ンドレポート読み...Service Center Unit No - XXX, Bestech Chambers, X Block, Sushant Lok, Phase-X, Gurgaon - XXX XXX, Haryana,

TCM Risk Management (India) Pvt. Ltd. © Copyright 2012. All Rights Reserved

Private & Confidential

Sample Private Limited India

REPORT INFORMATION

Prepared By TCM Risk Management (India) Pvt. Ltd.

Prepared For Experian Japan K.K.

Requested For Sample

Prepared On Sample Private Limited

Inquired Address "Unit No - XXXX, Bestech Chambers,B Block, Sushant

Lok, Phase-1,Gurgaon XXXXXX-XX, - - -, -, India

Your Order/Ref. 27000

Type of Report Level 2 - Standard Report

Speed Normal

Supplied on

Supplemented on January XX, 2012

IDENTIFICATION DETAILS

TCM ID 366XXX

Company Name Sample Private Limited

Regd./Business Address XXXX, Chandni Chowk, New Delhi - 110 XXX, Delhi,

India

Note(s) : * The inquired address belongs to Sample Private Limited which acts as distributor of

Sample products & services in India.

SUMMARY

Company Status Active

Legal Form Private Limited Company

Date of Incorporation / Formation 01-Jun-19XX

Incorporation No. X01100XX1000X5X011111

Paid up Capital (As on Sept. 22, 2011) INR X 000 000

Networth (As on March 31, 2011) INR XX 600 000

Turnover/Sales (As on March 31, 2011) INR XX 800 000

Profit After Tax (As on March 31, INR XX 000 000

ご依頼内容に基づき特定した企業の概要

を記載。

当レポートのサマリー。

商業登記上のステータスや直近決算の概

要、業種、従業員数などを記載。

India Sample Report

今回のご依頼内容と報告内容に関する概要

を記載。



2011)

Business Activity Importer & Assembler of Industrial Valves & Fittings

Industry Valves Industry

No. of Employees 50

CREDIT

RECOMMENDATION

Credit Rating B

Credit Score 51

Credit Limit USD 300000

RATING EXPLANATION

Credit

Rating

Credit

Score

Explanation Rating Comments

A+ 81 - 100 Low Risk Business dealings permissible with low risk of

default.

A 61 - 80 Moderate Risk Business dealings permissible with moderate risk

of default.

B 40 - 60 Medium Risk Business dealings permissible on a regular

monitoring basis.

C 21 - 39 Medium High Risk Business dealings permissible preferably on

secured terms.

D 1 - 20 High Risk Business dealing not recommended or on secured

terms only.

NR -- No Rating No recommendations can be made at this stage

due to lack of sufficient information.

The credit appraisal provides an assessment of the creditworthiness of a company. It takes into account

significant elements of credit including history, business performance, management, background,

financial position, payment history, overall market conditions, market trends and the reputation of the

company

NR is stated where there is insufficient information to facilitate rating. However, it is not to be

constructed as unfavorable.

対象企業に対する与信推奨内容。

Credit Score(100点満点)による評価、更にそれを A＋

(リスク低) ～ D(リスク高)の 5段階分けしている。

Credit Limitは対象会社に対する累積与信額。売上、

売上伸び率、収益性、純資産、引当金、資産担保、

業歴、業界動向等を基に算出。

良

悪

評価説明。

各レーティングの取引条件に対する提案を記載。

評価には過去の経緯、事業内容、経営内容、背景、資金力、支払履歴、市場状況、会社の

評判など多面的な要因を考慮して決定している。

ＮＲ（評価なし）は、評価を決定するための情報が不足していることを示しており、必ず

しも取引が好ましくないという意味ではない。



BUSINESS OPERATIONS

LOCATIONS

Regd./Business Address #1, Doddanakkundi Industrial Area, Mahadevapura,

Bangalore - XXX XXX, Karnataka, India

Phone +91 XX 4266 XXXX

Fax +91 XX 4266 XXXX

Email [email protected]

Service Center Unit No - XXX, Bestech Chambers, X Block, Sushant Lok,

Phase-X, Gurgaon - XXX XXX, Haryana, India

Phone + 91 XXX 404XXXX/2/3

BANKERS

Name Citibank N.A.

Address XXX-XXX, Level 5, Prestige Meridian 2, # 30, M. G Road,

Bangalore - XXX XXX, Karnataka, India

HYPOTHECATION DETAILS

Bank Name Citibank N.A.

Date of Agreement XX.12.2010

Amount INR XX 000 000

AUDITORS

Name M/s. Shamusul & Associates

Address XXXX House, XXX Layout, Opp. Total Kemp Fort, XXXX

Road, Bangalore - XXX XXX, Karnataka

事業運営内容。

登記面・実質本店住所、コンタクト情報、本

店所有状況、支店・工場・その他事業所概

要、取引銀行、役員などの情報を記載。

担保契約の詳細。

銀行名、締結日、金額を記載。



DIRECTORS / PRINCIPALS

As on Sept. 22, 2011

Name XXX Sud Managing Director

Date / Year of Birth 01.08.19XX

Date of Appointment 01.06.19XX

Residential Address XXX Main Road, Off Airport Road, Bangalore - XXX XXX,

Karnataka, India

Director Identification Number 0033XXXX

Name XXX Sud Director

Date / Year of Birth 01.10.19XX

Date of Appointment 01.06.19XX

Residential Address XXX Main Road, Off Airport Road, Bangalore - XXX XXX,

Karnataka, India

Director Identification Number 0033XXXX

BACKGROUND

The subject acts as a importer and assembler of industrial valves & components and fittings.

Imports From USA

Payment Terms Credit Period upto 15 Days (Purchase)

Credit Period upto 30 Days (Sale)

Trade References XXXX Petroleum Pte Limited (Supplier)

XXX XXX, S.A. (Supplier)

XX Speciality Materials (Supplier)

XXXX Chemical Industry (Supplier)

XXX Chemical CO. Limited (Supplier)

XXX South East Asia Pte Ltd. (Supplier)

XXX Chemical (Supplier)

XXX Chemical Pacific Ltd. (Supplier)

XXX Material Science Ltd. (Supplier)

XXX Sales Corporation (Buyer)

事業背景。

事業内容、輸出入情報（比率・金額・対象

エリアなど）、支払条件、取引先、上場区

分等の情報を記載。



XXX. Synthetics (Buyer)

XXX XXX (Buyer)

XXX House (Buyer)

XXXXX Mfg. Corpn. of India (Buyer)

XXX Foam Co.(Buyer)

XXXXXX, Delhi (Buyer)

XXX Industries Pvt.Ltd., Haridwar (Buyer)

XXX Furniture House, Rohtak (Buyer)

XXX Foam Agencies, Delhi (Buyer)

XXX. Synthetics, Ghaziabad (Buyer)

XXX Furnishing House, Aligarh (Buyer)

XXX Traders, Aligarh (Buyer)

XXX. Traders, Haldwani (Buyer)

XXXXX Foam & Furniture, Bareilly (Buyer)

Sales International - --

Domestic - 100 %

Purchase International - 40 %

Domestic - 60 %

Import Value INR XXX 548 020.00 (March 31, 2011)

INR XXX 528 950.00 (March 31, 2010)

Export Value INR X 920 210.00 (March 31, 2011)

INR X 278 030.00 (March 31, 2010)

Listing on Stock Exchange No

OTHER DETAILS

Certifications ISO - 9001:2000

Litigation None Reported

Affiliates/Associates XXX Corporation

XXX Overseas

XXX Pvt.Ltd.

IEC No 058XXXX 542

その他情報。

ISO認証取得状況、訴訟記録、関連会社、輸出

入業者コードなどの情報を記載。

輸出入業者コード。

インドでは輸出入に携わる全ての

企業は輸出入業者コードを取得す

る必要がある。



FINANCIAL INFORMATION

CAPITAL STRUCTURE /

OWNERSHIP

Authorised Capital Rs. 1 000 000

Paid up Capital Rs. 1 000 000 (As on Sept. 22, 2011)

MAJOR SHAREHOLDER(S) As on Sept. 22, 2011

Name No. of Shares Holding(%)

XXXX 79 990 79.99

XXXX 19 990 19.99

XXXX 10 0.01

XXXX 10 0.01

TOTAL 100 000 100.00

FINANCIAL SUMMARY

NET WORTH Unit : Rupees in '000

Year Ended Amount Change

March 31,

2011 164 569 18.36%

March 31,

2010 139 044 63.00%

March 31,

2009

85 301 ---

200 000

150 000

100 000

50 000

0

March 31, 2009 March 31, 2010 March 31, 2011

財務情報。

資本金ならびに株主構成に関する情報を記載。

財務サマリー。

主要勘定項目（株主資本、売上、税引前利益、

税引後利益）の推移を記載。

金額

前年度比増減率

単位：

千ルピーで

表記される

TCM Risk Management (India) Pvt. Ltd. © Copyright 2012. All Rights Reserved Private & Confidential

OPERATING INCOME Unit : Rupees in '000


March 31, 20YY

581 825 11.82%

March 31, 20YY

520 301 44.73%

March 31, 20YY

359 498 ---

600 000

450 000

300 000

150 000

0

March 31, 20YY March 31, 20YY March 31, 20YY

PROFIT BEFORE TAX Unit : Rupees in '000


March 31, 20YY

74 046 -10.13%

March 31, 20YY

82 391 110.52%

March 31, 20YY

39 137 ---

90 000

67 500

45 000

22 500

0


PROFIT AFTER TAX Unit : Rupees in '000


March 31, 20YY

49 373 -8.18%

March 31, 20YY

53 775 114.46%

March 31, 20YY

25 074 ---

60 000

45 000

30 000

15 000

0


営業収入

税前利益

税引き後利益


BALANCE SHEET Unit : Rupees in '000

For the Year Ending : March 31, 20YY March 31, 20YY March 31, 20YY

SOURCES OF FUND

Net Worth 164 569.52 139 044.23 85 301.02

- Paid-up Equity Capital 1 000.00 1 000.00 1 000.00

- Reserves & Surplus 163 569.52 138 044.23 84 301.02

Total Borrowings 335.00 5 723.47 22 790.14

- Secured Loans --- 4 088.47 10 255.14

- Unsecured Loans 335.00 1 635.00 12 535.00

TOTAL 164 904.52 144 767.70 108 091.16

USES OF FUND

Gross Fixed Assets 35 163.67 22 318.87 17 659.82

Less : Cumulative Dep. 11 992.43 8 403.72 6 583.30

Net Fixed Assets 23 171.24 13 915.15 11 076.52

Capital Work in Progress 405.95 1 150.69 ---

Investments 25 146.81 34.92 ---

Deferred Tax Assets 423.63 496.65 263.29

Current Assets, Loans & Adv. 236 019.67 239 241.12 181 232.88

- Other Current Asset --- --- 122 189.05

- Adv/Loans to Corporate Bodies 86 367.29 89 343.27 59 043.83

- Inventories 71 281.46 67 053.12 ---

- Sundry Debtors 75 994.77 81 605.94 ---

- Cash & Bank Balance 2 376.15 1 238.79 ---

Less: Current Liab. & Prov. 120 262.78 110 070.83 84 481.53

インドの貸借対照表の勘定項目の序列は日本と異なります。詳細は末尾の

資料を参考にして下さい。


- Other Current liabilities 25 115.11 16 446.81 53 285.04

- Sundry Creditors 17 421.58 27 243.35 31 196.49

- Provisions 77 726.09 66 380.67 ---

Net Current Assets 115 756.89 129 170.29 96 751.35

TOTAL 164 904.52 144 767.70 108 091.16

SCHEDULES TO BALANCE SHEET

Unit : Rupees in '000


Debtors more than six months 220.52 715.93 ---

Debtors Others 75 774.25 80 890.00 ---

SUNDRY DEBTORS 75 994.77 81 605.93 ---

PROFIT & LOSS A/C Unit : Rupees in '000


INCOME 581 825.00 520 301.45 359 498.88

- Operating Income 581 825.00 520 301.45 359 498.88

EXPENSES 503 989.49 437 909.75 320 361.77

- Total Consolidated Expenses 503 989.49 437 909.75 320 361.77

PBDIT 営業利益 Profit Before Interest, Depreciation & Taxes

77 835.51 82 391.70 39 137.11

PBDT Profit Before Depreciation and Tax 77 835.51 82 391.70 39 137.11

Less: Depreciation 3 788.85 --- ---

PBT 税引前利益 74 046.66 82 391.70 39 137.11

Less: Tax Provision 24 673.03 28 616.64 14 062.80

PAT 税引後利益 49 373.63 53 775.06 25 074.31


SECURED LOANS Unit : Rupees in '000

March 31, 20YY March 31, 20YY

From Bank

Working Capital Finance as Cash Credit Facility

4 088.47

TOTAL 4 088.47

UN SECUREDS Unit: Rupees in '000


From Directors 335.00 1 635.00

TOTAL 335.00 1 635.00

UNIT: RUPEES IN '000 Other Current Liabilities


Sundry Creditors 17 421.58 27 243.35 ---

Other Current Liabilities 25 115.11 16 446.81 ---

Provisions 77 726.09 66 380.67 ---

Total 120 262.78 110 070.83 ---

ASSETS DETAILS Unit : Rupees in '000

March 31, 20YY

Building Interiors 3 542.79

Computer & Peripherals 1 558.07

Air Conditioners 687.27

Office Equipment 2 828.10

Electrical Installations 546.21

Generator 306.78


Furniture & Fixtures 2 438.78

Vehicles 10 794.23

COMMENTS

Latest Financial Trends (As procured from Mr. XXX XXX, Accounts Executive of the subject) ----------------- Turnover (Rs. in '000) Rs. 620 000.- (Projected) for the FY 20YY-11. (Already achieved a turnover of Rs. 43.00 crore so far in the ongoing financial year) Note: - * Whilst interviewed Mr. XXX XXX, Senior Manager Finance & Accounts of the subject, provided us with a basic outline of the subject's present state-of-affairs and current turnover trends (as given above). * The information provided in this report is largely based on the information procured from the subject's records file at Official Registry Records (ROC). * Only extracted figures of the profit & loss account statement were available in the official registry records.

KEY RATIOS

SOLVENCY RATIOS March 31, 20YY March 31, 20YY March 31, 20YY

Current Ratio 流動比率 1.96 2.17 2.15

Quick Ratio 当座比率 1.96 1.43 2.15

Current Ratio - A measure of short term solvency i.e. ability to meet the short term obligations by matching current assets against current liabilities. Ideal current ratio is 2 : 1 (2.0). However, a very high ratio indicates availability of idle cash and is not a good sign. Current Ratio =Current Assets / Current Liabilities Quick Ratio - A measure of the amount of liquid assets available to offset current liabilities. The ratio is 1:1 (1.0), the business is said to be in a liquid condition. The larger the ratio, the greater the liquidity. Quick Ratio=(Current Assets - Inventories) / Current Liab.

財務情報に関するコメントを記載。ヒアリング結果として、今期の売上見込数字

や取材時の状況などを記載。

財務分析。支払能力、レバレッジ比率、効率性、収益性といった

視点から、主要比率の推移を記載。支払能力


LEVERAGE RATIOS March 31,

20YY March 31,

20YY March 31,

20YY

Debt Ratio 負債比率 0.42 0.45 0.56

Debt Equity Ratio 負債資本比率 --- 0.04 0.27

Current Liabilities / Net Worth 0.73 0.79 0.99

Fixed Asset/ Net Worth 0.14 0.10 0.13

Debt Ratio - A ratio that indicates what proportion of debt a company has relative to its assets. A debt ratio of greater than 1 indicates that a company has more debt than assets. The debt ratio can help investors determine a company's level of risk. Debt Ratio=Borrowing + Current Liab. / Total Assets Debt Equity Ratio - The debt-to-equity ratio is a measure of the relationship between the short term & long term debts and the capital contributed by shareholders. A ratio of 1:1 is usually considered to be satisfactory ratio. Debt Equity Ratio=Borrowings / Net Worth Current Liabilities /Net Worth - This ratio indicate the amount due to creditors within a year as a percentage of the owners or stockholders investment. The smaller the net worth, larger the liabilities, resulting in less security for creditors. Fixed Asset/ Net Worth - The ratio indicates the extent to which shareholder's funds are invested into the fixed assets. If this ratio is unusually large, a company may be overinvested in fixed assets and vice versa if it is small it may limit the company's ability to produce profits. A ratio of .75 or higher is usually undesirable. Interest Coverage Ratio - A ratio used to determine how easily a company can pay interest on outstanding debt. It measures the margin of safety for the lenders. The higher the number, more secure the lender is in respect of periodical interest. Interest Coverage Ratio=PBIT / Financial Charges

EFFICIENCY RATIOS March 31,

20YY March 31,

20YY March 31,

20YY

Average Collection Days 平均回収期間 47.67 57.25 ---

Accounts Receivable Turnover 7.66 6.38 ---

Inventory Turnover 在庫回転率 8.16 7.76 ---

Asset Turnover 資産回転率 25.11 37.39 32.46

レバレッジ比率

効率性


Average Collection Days - The approximate amount of time that it takes for a business to receive payments owed, in terms of receivables, from its customers and clients. Possessing a lower average collection period is seen as optimal. Average Collection Days=Sundry Debtors / Operating Income * 365 Days Accounts Receivable Turnover – The accounting measure used to quantify a firm's effectiveness in extending credit as well as collecting debts. A high ratio implies either that a company operates on a cash basis or that its extension of credit and collection of accounts receivable is efficient. Accounts Receivable Turnover= Operating Income / Sundry Debtors Average Payment Days - The average payment days represents the number of days taken by the company to pay its creditors. A lower credit period ratio signifies that the creditors are being paid promptly. However a very favorable ratio to this effect also shows that the business is not taking the full advantage of credit facilities allowed by the creditors. Average Payment Days=Sundry Creditors / Purchase * 365 Days Inventory Turnover - A ratio showing how many times a company's inventory is sold and replaced over a period. A low turnover implies poor sales and, therefore, excess inventory. A high ratio implies either strong sales or inefficient buying. Inventory Turnover=Operating Income / Inventories Asset Turnover - Asset turnover ratio measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. The higher the number the better. Asset Turnover=Operating Income / Net Fixed Assets

PROFITABILITY RATIOS March 31,

20YY March 31,

20YY March 31,

20YY

Operating Profit Margin 営業利益率 12.73 15.84 10.89

Net Profit Margin 売上高純利益率 8.49 10.34 6.97

Return on Total Assets 総資産収益率 17.31 21.10 13.02

Return on Equity 株主資本利益率 30.00 38.67 29.40

Operating Profit Margin - The operating profit margin ratio is a measure of overall operating efficiency of a company. It is expressed as a percentage of sales and shows the efficiency of a company for controlling the costs and expenses associated with business operations. Net Profit Margin - Net Profit Margin ratio is calculated by dividing net profit by operating income. It measures how much out of every unit of sales a company actually earns profit. The higher the ratio the better. Return on Total Assets - The Return on Assets of a company determines its ability to utilize the Assets employed in the company efficiently and effectively to earn a good return. The greater a company's earnings in proportion to its assets the more effectively that company is said to be using its assets. Return on Total Assets= (PAT / Total Assets) * 100

収益性


Return on Equity - Return on equity measures the return on the ownership interest of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity. Return on Equity = PAT/Shareholder's Equity

INDUSTRY SCENARIO

(Valves Industry)

The organized sector of the India valve industry is estimated to be Rs 900 crore, while the unorganized sector contributes additionally over to Rs 500 crore. Close to 50% of the market is shared by two companies (L&T and BHEL), while the rest have individual market shares of 4% or less. There are over 100 companies mostly in the unorganized or the small scale sector and the industry as is evident is highly fragmented. The growth rate of this industry is estimated at 10 to 15%. With increasing activity in the manufacturing and infrastructure sectors and big infrastructure projects like power, oil, chemicals, steel etc being launched in India, there is a huge potential for growth of the Indian valve manufacturers. Investments between April 2004 and September 2005 in iron & steel sector alone will be in the region of Rs 28,798 crore while in petrochemicals it is estimated at Rs 9,420 crore, the valve requirement of these projects would be close to Rs 600 crore. The investment in the power sector is expected to be Rs 1,74,000 crore in the coming seven years and Rs 18,000 to 20,000 crore are expected to be invested in new refineries. Global sales of valves are worth about US$ 40 billion which is expected to touch $66 billion by year 20YY. US, Germany, Italy & Japan are the leading countries manufacturing valves with 50% of total world production. Valves are imported heavily from China and other countries; Import is around Rs 460 crore (€77.34mn), an increase of 24% to that of previous fiscal year. The import is largely for precision type of valves mainly used in process industries like Pharma, Food processing, steel, and chemical and refineries. This industry is growing at an average rate of 12%. Valve production in India does not have immense opportunities for foreign investment. This is due to the fact that the replacement market in India is mostly catered by unorganized or mid size valve manufacturers. However, current industrial developments in the steel industry and oil & gas explorations will certainly promote foreign collaborations in technology.

業界動向。対象企業の所属業界に関する概要や近の動向

などを記載。対象会社の評価を行う上で、業界動向について

も一定のウェイトを置いている。


FOREX RATES (APPROX.)

USD = Rs. 50.23 GBP = Rs.78.14

100 Jap Yen = Rs. 65.15 SGD = Rs. 39.48

EURO = Rs.64.76 CAD = Rs. 49.55

CHF = Rs.53.61 HKD = Rs. 6.47

AUD = Rs 52.68 1 Crore Rupees = 10 Million Rupees = 100 Lac Rupees = 10000 Thousand

This report is based on information from sources believed to be true. Any advice or recommendation in this report has been given without specific investment objectives and the particular needs of any specific addressee. It must be distinctly understood that though utmost care has been exercised to obtain reports of a reliable character but we accept no liability whatsoever for any direct or consequential loss arising from any use of this document.

END OF REPORT

為替レート（概数）

Balance Sheet

For the Year Ending 31/03/2011 31/03/2010 31/03/2009 31/03/2011 31/03/2010 31/03/2009

SOURCE OF FUND

Net Worth 94,932 77,795 69,551 Net Worth　（自己資本） 94,932 77,795 69,551

-Paid-up Equity Capital 8,438 9,375 9,375 -Paid-up Equity Capital（払込済資本） 8,438 9,375 9,375

-Reserves & Surplus 86,494 68,420 60,176 -Reserves & Surplus　（準備金/剰余金 86,494 68,420 60,176

Total Borrowings 32,652 31,764 31,401

-Secured Loans 32,652 31,764 31,401

USE OF FUND

Gross Fixed Assets（総固定資産） 51,912 51,244 50,667

Less : Cumulative Dep.（減価償却費） 35,273 32,719 30,375

Net Fixed Assets（純固定資産） 16,639 18,525 20,292

Investments　（投資等） 9,720 9,720 9,720

Current Assets, Loans & Adv.（流動資産） 179,775 119,338 113,326

-Inventories　（在庫） 51,874 54,127 66,111 Total Borrowings（借入金合計） 32,652 31,764 31,401

-Sundry Debtors　（雑流動資産） 85,856 47,191 30,835 -Secured Loans（担保付き借入金） 32,652 31,764 31,401

-Cash & Bank Balance　（現預金） 2,520 1,644 1,903

-Adv/Loans to Corporate Bodies　　　　　（関連会社等への貸付金/前払金） 39,524 16,375 14,477

Less: Current Liab. & Prov.78,550 38,023 42,386

Less: Current Liab. & Prov.（流動負債） 78,550 38,023 42,386

-Sundry Creditors　 24,086 2,205 15,122 -Sundry Creditors　（雑流動負債） 24,086 2,205 15,122

-Other Current liabilities 32,966 25,392 18,606 -Other Current liabilities　　（その他流動負債） 32,966 25,392 18,606

-Provisions 21,498 10,426 8,658 -Provisions　（引当金） 21,498 10,426 8,658

Net Current Assets　（純流動資産） 101,225 81,314 70,940

TOTAL 127,584 109,559 100,952 TOTAL 127,584 109,559 100,952

実際の資産合計（純固定資産＋投資等＋流動資産）

206,134 147,582 143,338実際の負債及び純資産の合計（借入金合計＋流動負債）

206,134 147,582 143,338

＊＊＊　自己資本比率の算出について　＊＊＊

自己資本比率(%)＝自己資本／総資産×100

　　　　　　　　　＝自己資本／（純固定資産＋投資等＋流動資産）

補足資料：　インド－日本間の貸借対照表における表記の相違について

（純固定資産［16,639］＋投資等［9,720]＋流動資産［179,775]=45%

Unit : Rupees in '000

貸方借方

自己資本［94,932］

当緑枠内のフォーマットでレポート内に記載されるが、分解すると下記の通りとなる

負債の部

純資産の部

資産・投資の部

上記のケースだと・・・（2010年3月期）

Documents

Bangalore Fluid System Components Private Limited‚¤ンドレポート読み...Service Center Unit No - XXX, Bestech Chambers, X Block, Sushant Lok, Phase-X, Gurgaon - XXX XXX, Haryana,