MIRA
INFORM REPORT
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Report Date : |
03.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
NIKON INDIA PRIVATE LIMITED |
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Registered Office : |
Plot No. 17, Office Bay, Sector 32, Institutional Area, Gurgaon,
Haryana – 122 001 |
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Country : |
India |
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Date of Incorporation : |
01.05.2007 |
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Com. Reg. No.: |
036820 |
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CIN No.: [Company
Identification No.] |
U74999HR2007FTC036820 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKN02141G |
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Legal Form : |
Private limited liability company |
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Line of Business : |
Manufacturer of optical Products or Instruments |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned Subsidiary of Nikon Corporation, Japan, a
well reputed name in consumer durables industry. It commenced just in May 2007. Payments are reported as usually
correct and as per commitments. In view of strong Promoters, the Company can be considered normal for
business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Plot No. 17, Office Bay, Sector 32, Institutional Area, Gurgaon,
Haryana – 122 001, India |
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Tel. No.: |
91-124-4688514 |
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Fax No.: |
91-124-4688527 |
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E-Mail : |
DIRECTORS
|
Name : |
Hidehiko Tanaka |
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Designation : |
Managing Director |
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Address : |
5-29-8 Minamidai Nakano-ku, Tokyo – 1640014 |
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Date of Birth/Age : |
08.09.1959 |
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Date of Appointment : |
07.05.2007 |
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Name : |
Nobuyoshi Gokyu |
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Designation : |
Director |
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Address : |
Flat B, 20/F Tower 9, The Leighton Hill 2B, Broadwood Road, Hong Kong |
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Date of Birth/Age : |
05.12.1956 |
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Date of Appointment : |
07.05.2007 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of optical Products or Instruments |
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Products : |
v
Digital Cameras v
Digital Compact Accessories
v
DSLR Accessories v
Film Cameras v
SLR Accessories v
Nikkor Lenses v
Autofocus Nikkor Lenses v
Manual Focus Nikkor Lenses v
Lenses Accessories
v
Scanners |
GENERAL
INFORMATION
|
Bankers : |
N. A. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs. 10 each |
Rs. 80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs. 10 each |
Rs.
80.000Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
NEW COMPANY
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS
ATTACHED:
Subject was incorporated on 01 May 2007, a 100 % subsidiary of Nikon Corporation Tokyo. Over the years subject had established a strong base in India through a local distributor. Now, subject will further reinforce this excellent platform to enhance Subject's brand image and brand promise through various activities and programs.
Subject will distribute, market, service and repair the complete range of Nikon imaging products and service and repair of Industrial product. These include all available cameras, lenses as well as microscopes and technical measuring instruments.
v
Press Release:
Nikon sets up wholly owned India subsidiary to manage
Indian and Middle East operations
(24-10-2007)
Nikon to fire passion for photography by nurturing ‘photography culture’ in India
New Delhi, September 26th, 2007: The USD 6.3-billion Nikon Corporation, with operations straddling America,
Europe, Oceania, Asia, Middle East and Africa, today announced the establishment of its 100 per cent subsidiary
in India. Nikon India will manage the Indian as well as the large Middle East market (comprising Saudi Arabia, Dubai, Turkey, Iran, Bahrain, Israel, Oman, Qatar and UAE). Headquartered at Gurgaon, Nikon India Private
Limited is set to delight the Indian photography enthusiast with a wider variety of its world renowned professional
and compact digital cameras - the Nikon D-SLRs and the Nikon COOLPIX.
Speaking on the occasion, Mr. Hidehiko Tanaka, Managing Director, Nikon India Private Limited said: “We are glad to launch a 100 per cent subsidiary in India, which is a highly promising market. The presence of Nikon India will lead to enhanced consumer choice and greater consumer outreach programmes through an augmented distribution network as well as superior service support. We will also undertake various activities like workshops and photo-contests to promote the photography culture in India in a manner that addresses the needs and aspirations of the Indian photographic community. As part of our Vision 2010 we hope to capture 45 per cent of the Indian digital SLR market and 10 per cent of the Indian compact camera market.”
While Nikon already has two regional distributors, these networks will be augmented. By the end of 2007-08
Nikon plans a more than 100 per cent expansion in retail consumer outreach through its dealer network.
World over, Nikon D-SLR cameras are renowned for their user-friendly design, superior technology and rugged
moisture-resistant surface (particularly suited to Indian conditions). Nikon COOLPIX is the ultimate fashion
statement, combining elements of Nikon’s D-SLR technology with a convenient user-friendly and trendy design,
which helps amateurs and beginners perfectly capture those special moments any time of the day, everyday.
Nikkor lenses have achieved a legendary status with over 40 million sold till date.
Nikon will now ensure that its cameras are available in India across all price points and satisfy the needs of all
photographers - from beginners to the professionals.
As part of its initiative to reach out to photographers and showcase the best-of-class features of its cameras, Nikon has chosen to be the Associate Sponsor for the Lakme Fashion Week. This year, the event is scheduled for October 13-17. Nikon will use this excellent platform to provide services to the photographic community at the
Lakme Fashion Week and also showcase its path breaking range of new Nikon DSLRs and Nikon COOLPIX
cameras.
In the year of its 90th Anniversary, Nikon looks forward to embarking on yet another exciting journey - that of winning the minds and hearts of Indian photography enthusiast. In its quest to achieve this, Nikon will continually bring to India cutting edge products and engaging programmes that enthral and interest the Indian photography enthusiast.
About Nikon India
Corporate:
Nikon India distributes, markets and services the complete range of Nikon imaging products, including its digital SLR, the Nikon D-SLR as well as its compact camera, the Nikon COOLPIX and a range of Nikkor lenses. With 90 years of expertise and excellence, and over 40 million users of Nikkor lenses, Nikon has been an undisputable leader of innovation in camera technology, pioneering camera technology for the ocean depth (the pioneering Nikonos cameras) to outer space (Nikon cameras are used by NASA). Product innovation, impeccable quality coupled with its penchant to promote the ‘culture of photography’ through initiatives like the annual Nikon Photo Contest International, Nikon Salon, Nikkor Club and many others lie at the core of Nikon’s endeavour to live by its philosophy of ‘Trustworthiness and creativity’ and fulfil its brand statement ‘At the heart of the image’.
Nikon’s range of cameras is available for all Indian photography enthusiasts - including beginners, amateur and professionals - across all existing price points. In addition, Nikon India services industrial products, including all available cameras, lenses as well as microscopes and technical measuring instruments.
Founded in 1917 as Nippon Kōgaku; the company was renamed in 1988 as Nikon Corporation. Nikon has truly evolved as an institution of creativity, conceptualising the famous Nikon F mount, the Nikon Titanium Cameras and many others.
Products:
Nikon’s D-SLR cameras are the most trusted by professionals for over 50 years. The brand offers a great line-up, from the simple-to-use D40x and the soon to be available path breaking D3 and D300, to fulfil diverse requirements. These cameras are rugged, durable and packed with features for professionals as well as amateurs. The skilfully designed Nikkor ED lenses which whether produced in 1959 or today can be used in any Nikon SLR camera body. It is a mark of the trust associated with Nikkor lenses that more than 40 million lenses have been sold till date.
Nikon’s COOLPIX range of digital compact cameras is a fusion of cutting edge technology and smart seductive style. These cool cameras are trendy and loaded with unique features, appealing to those who are style savvy and like capturing special moments. With this product, the consumers are offered the best-in-class technology at an easy-on-the-pocket price. COOLPIX is designed to satisfy the needs of all amateur photographers through its convenient categorization into Life, Style and Performance series. All in all, COOLPIX is a unique combination of incredible photography and a distinct style statement.
Nikon’s 12.1 Mega pixel COOLPIX compact cameras are
the ultimate fashion flavour of the year!
(24-10-2007)
- Leads technological innovation by launching 12.1 mega pixel compact digital camera
- Presents a plethora on festive season offers on its cameras
- Goes in for National Distributor alliances to expand consumer reach by 100%
New Delhi, October 15, 2007: Nikon is all set to add a bright new dimension to coming festive season by introducing its flagship COOLPIX P5100 compact camera … and stamping the joyous occasion on print and digitised images. Nikon’s 12.1 mega pixel compact digital camera is a stunning fusion of cutting-edge technology and smart seductive style.
Announcing the launch of the sleek high tech Nikon COOLPIX P5100, Mr Hidehiko Tanaka, Managing Director, Nikon India Pvt Ltd stated: “We have a longstanding commitment to India. We expect to fuel the growth of the culture of photography in India through our innovative and cutting edge products. We are definite that with its enhanced features COOLPIX P5100 will set on fire the photography enthusiast’s desire to capture moments. We expect our digital compact cameras to grow by atleast 300% this quarter vis-a-vis the last quarter.
Talking of uniqueness, Nikon COOLPIX P5100 is not just a compact camera its a chock-full package equipped with distinctive features like compatibility with external flash, telephoto and wide angle converter lenses; 3.5x Nikkor optical zoom; 2.5-inch, high-resolution LCD monitor with anti-reflection coating; Optical viewfinder; Optimize image (Monochrome filter effect); Continuous flash, vibration reduction; 1:1 size format and lots more. Nikon COOLPIX P5100 also has Nikon’s very own unique image innovations – Face Priority AF, In-Camera Red Eye Fix and D-Lighting. In a nutshell, this Nikon camera is a matchless tool for all those who want get to the heart of the image.
Some more ‘to die for’ COOLPIX models that Nikon launches this season are the seductive S51, S510 and S 700 from its style series and L15, L14, L11 from the life series of compact cameras. All of these cool cameras are trendy and loaded with unique features, appealing to those who are style savvy and like capturing special moments. The stylish S700 is a 12.1 mega pixel camera, COOLPIX P50, L15, S51, S510 are 8 mega pixel cameras and L14 is a 7.1 mega pixel camera. All in all the compact cameras from Nikon offer premium quality wrapped in utmost style.
Nikon India is in the final stages of tying up with a one of India’s biggest national distributor for its digital compact range of cameras. With this alliance, Nikon’s retail presence will expand by 100%, making it all set to help consumers capture the special moments during festivities.
This festive season Nikon gives the India consumers another reason to celebrate as it lines up exciting promotional offers on its COOLPIX range of cameras at best prices ranging between Rs 9000 to Rs 24000. COOLPIX L10 and L11 come with a free Nikon charger and in addition a 1 GB SD card comes along with the L11. The style series COOLPIX S 51 and S 510 get a free 1 GB SD card on purchase. COOLPIX P5100 is available at a special price this festive season.
Nikon India, with its recent launch as a 100 per cent subsidiary in the country, is set to delight and engage the Indian photography enthusiast with a wide variety of marketing activities like workshops and photo-contests. With clear-cut plans to expand the dealer network and strong brand building initiatives coupled with a strong product portfolio, Nikon aims to capture a substantial market share of 10% in the compact camera space by 2010.
About Nikon India
Corporate:
Nikon India distributes, markets and services the complete range of Nikon imaging products, including its digital SLR, the Nikon D-SLR as well as its compact camera, the Nikon COOLPIX and a range of Nikkor lenses. With 90 years of expertise and excellence, and over 40 million users of Nikkor lenses, Nikon has been an undisputable leader of innovation in camera technology, pioneering camera technology for the ocean depth (the pioneering Nikonos cameras) to outer space (Nikon cameras are used by NASA). Product innovation, impeccable quality coupled with its penchant to promote the ‘culture of photography’ through initiatives like the annual Nikon Photo Contest International, Nikon Salon, Nikkor Club and many others lie at the core of Nikon’s endeavour to live by its philosophy of ‘Trustworthiness and creativity’ and fulfil its brand statement ‘At the heart of the image’.
Nikon’s range of cameras is available for all Indian photography enthusiasts - including beginners, amateur and professionals - across all existing price points. In addition, Nikon India services industrial products, including all available cameras, lenses as well as microscopes and technical measuring instruments.
Founded in 1917 as Nippon Kōgaku; the company was renamed in 1988 as Nikon Corporation. Nikon has truly evolved as an institution of creativity, conceptualising the famous Nikon F mount, the Nikon Titanium Cameras and many others.
Products:
Nikon’s D-SLR cameras are the most trusted by professionals for over 50 years. The brand offers a great line-up, from the simple-to-use D40x and the soon to be available pathbreaking D3 and D300, to fulfil diverse requirements. These cameras are rugged, durable and packed with features for professionals as well as amateurs. The skilfully designed Nikkor ED lenses which whether produced in 1959 or today can be used in any Nikon SLR camera body. It is a mark of the trust associated with Nikkor lenses that more than 40 million lenses have been sold till date.
Nikon’s COOLPIX range of digital compact cameras is a fusion of cutting edge technology and smart seductive style. These cool cameras are trendy and loaded with unique features, appealing to those who are style savvy and like capturing special moments. With this product, the consumers are offered the best-in-class technology at an easy-on-the-pocket price. COOLPIX is designed to satisfy the needs of all amateur photographers through its convenient categorization into Life, Style and Performance series. All in all, COOLPIX is a unique combination of incredible photography and a distinct style statement.
v
NIKON Service Centres:
Photo Vision (Delhi)
Address:
223, Okhla Industrial Estate Pharse III, Near Modi Flour Mill, New Dehli
110020,India
Phone: (91-011) 2692 5999
Fax : (91-011) 2692 9857
Email : photoservice@towaphotovision.com
Camera Service Centre
(Chennai)
Address:
No.5 Vijayashanthi Complex
Basement 3, Blackers Road, Anna Salai, Chennai 600002,India
Phone: (91-044) 2859 4392, (91-044) 2841 3513
Fax : (91-044) 2852 4662
Email : cameraservicecentre@vsnl.net
Inter Foto India
Private Limited
Address:
310,Kedia Arcade,92,Infantry Road, Bangalore -560001
Phone: (91-080) 080 41132935, (91-080) 080 41132936
Fax : (91-080) 080 41132921
Email : service@interfotoindia.com
Capital Enterprise
Private Limited (Calcutta)
Address:
12, Jawaharlal Nehru Road, Kolkata 700013, West Bengal, India
Phone: (91-033) 2228 0091, (91-033) 2228 1518
Fax : (91-033) 2228 7187
Email : capitalservice@vsnl.net,
Inter Foto India
Private Limited (Digital Product only) (Mumbai)
Address:
602-603, Nirman Kendra off Dr. Edwin Moses Road, Mahalaxmi, Mumbai - 400011,
India
Phone: (91-022) 2492 5151
Fax : (91-022) 2490 4141
Email : service@interfotoindia.com
Mazda Camera Centre
(Mumbai)
Address:
306, Veena Killedar Industrial Estate, Pais Street, K.Khadye Marg Mumbai -
400011, India
Phone: (91-022) 2307 9284, (91-022) 2307 9293
Fax : (91-022) 2308 9211
Email : mazdaimaging@hathway.com
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 39.32 |
|
UK Pound |
1 |
Rs. 82.08 |
|
Euro |
1 |
Rs. 56.96 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
TOTAL |
|
29 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|