MIRA
INFORM REPORT
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Report Date : |
02.08.2007 |
IDENTIFICATION DETAILS
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Name : |
YUDO HOT RUNNER INDIA PRIVATE LIMITED |
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Registered Office : |
A – 402, Shrinand Nagar, - II, Vejalpur, Ahmedabad – 380 015, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
12.04.2000 |
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Com. Reg. No.: |
04 – 037778 |
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CIN No.: [Company
Identification No.] |
U29223GJ2000PTC037778 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMY00069G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Temperature Controllers, Tube Heaters, Nozzles and
Spares. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 28000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having satisfactory track. Trade relations are fair. Payments are
usually correct and as per commitments. The concern can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
A – 402, Shrinand Nagar, - II, Vejalpur, Ahmedabad – 380 015, |
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E-Mail: |
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Head Office and
Cyber Factory: |
169-4, Gujang-Ri, Paltan-Myun, Hwasung-City, Gyeonggi-Do, 445-911 |
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Domestic Office: |
■ Sales
Dept. Head Office ■ Busan
Office ■ Daegu
Office ■ Gwangju
Office |
DIRECTORS
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Name : |
Mr. Young Hee Yu |
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Designation : |
Director |
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Name : |
Mr. Byung Woo yang |
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Designation : |
Director |
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Name : |
Mr. Vishal Brij Biharilal Agarwal |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Umesh Parikh and Associates |
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Designation : |
Company Secretary |
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Address : |
109 Sarita Complex, Near Sarovar Complex, Behind Jain Derasar,
Vallabha Dining |
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Tel. No.: |
91-79-2640 5454, 3002 5454 |
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Mobile No.: |
91-98250 67518 |
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E-Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Vishal Brij Biharilal Agarwal |
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57260 |
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Yudo Company Limited, |
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162950 |
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Total |
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220210 |
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Category |
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Percentage
of Holding |
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Foreign holdings (Foreign institutional investor(s), Foreign
companie(s), Foreign financial institution(s), Non-resident Indian(s) or
Overseas corporate bodies or Others |
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74.00 |
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Directors or relatives of directors |
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26.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Temperature Controllers, Tube Heaters, Nozzles and
Spares. |
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Agencies Held : |
SINGAPORE WANCO
INDUSTRIAL PTE LTD.
THAILAND WANCO
INDUSTRIAL (THAILAND) CO., LTD. AUSTRALIA &
NEWZEALAND STM AUSTRALIA PTY. LTD. ISRAEL
ASI-AFASPEM ISRAEL LTD.
POLAND EURO
INTERNET HOLDINGS S.A.
SOUTH AFRICA
HESTICO(PTY) LTD. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Facilities : |
- |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Shah and Shah Associates Chartered Accountants |
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Address : |
702, Aniket, NR, Municipal Market, Navrangpura, Ahmedabad – 380 009, |
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Tel. No.: |
91-79-26465433 |
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Fax No.: |
91-79-26406983 |
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E-Mail: |
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Associates/Subsidiaries : |
JAPAN YUDO
JAPAN CO., LTD. ■
Room B, 15/F, Everwin
Centre 72 Hung To Road, Kwun Tong Hong Kong Building No DF08,
Xiaobian Indusstrial Park City-round Road, Changan Town, Dongguan P.R.C
■ Central Division ■ Mid-Western
Division ■ Canada
&
Eastern Division ■ Western &
Mexico Division Name : Alejandro Cureno
Velazquez (Sales Representative) Name : Rodrigo Romero
Castanon (Sales Representative)
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs. 10.00 each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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220210 |
Equity Shares |
Rs. 10.00 each |
Rs. 2.202
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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2.202 |
2.202 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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4.986 |
0.963 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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7.188 |
3.165 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.797 |
0.238 |
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TOTAL |
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7.985 |
3.403 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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10.775 |
4.658 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.305 |
0.337 |
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Sundry Debtors |
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0.586 |
0.278 |
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Cash & Bank Balances |
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2.120 |
1.047 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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2.042 |
0.833 |
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Total
Current Assets |
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5.053 |
2.495 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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4.243 |
3.565 |
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Provisions |
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3.600 |
0.185 |
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Total
Current Liabilities |
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7.843 |
3.750 |
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Net Current Assets |
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(2.790) |
(1.255) |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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7.985 |
3.403 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover and Service Charges |
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1.660 |
2.585 |
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Commission Received |
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20.522 |
3.300 |
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Other Income |
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0.099 |
1.020 |
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Total Income |
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22.281 |
6.905 |
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Profit/(Loss) Before Tax |
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7.997 |
1.153 |
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Provision for Taxation |
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3.974 |
0.241 |
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Profit/(Loss) After Tax |
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4.023 |
0.912 |
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Expenditures : |
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Cost of Goods Sold |
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0.969 |
1.870 |
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Operating and Administration Expenses |
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12.883 |
3.735 |
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Depreciation |
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0.432 |
0.147 |
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Total Expenditure |
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14.284 |
5.752 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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18.06 |
13.21 |
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Net Profit Margin (PBT/Sales) |
(%) |
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481.75 |
44.60 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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50.52 |
16.12 |
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Return on Investment (ROI) (PBT/Networth) |
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1.11 |
0.36 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.09 |
1.18 |
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Current Ratio (Current Asset/Current Liability) |
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0.64 |
0.67 |
LOCAL AGENCY FURTHER INFORMATION
Nil
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.33 |
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1 |
Rs. 82.11 |
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Euro |
1 |
Rs. 55.26 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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