MIRA INFORM REPORT

Report Date :

24.10.2011

IDENTIFICATION DETAILS

Name :	JAGUAR LAND ROVER JAPAN LIMITED

Registered Office :	Kamiyacho Central Place 10F, 4-3-13 Toranomon Minatoku Tokyo 105-0001

Country :	Japan

Year of Establishment :	April 2008

Com. Reg. No.:	(Tokyo-Minatoku) 075166

Legal Form :	Limited Company

Line of Business :	Import, wholesale, retail of Jaguar & Land Rover cars, new & old

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	Yen 8.5 Million
Status :	Moderate
Payment Behaviour :	Regular
Litigation :	--

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

JAGUAR LAND ROVER JAPAN LIMITED

REGD NAME: Jaguar Land Rover Japan KK

MAIN OFFICE: Kamiyacho Central Place 10F, 4-3-13 Toranomon Minatoku Tokyo 105-0001

JAPAN

Tel: 03-5470-4299

URL: http://www.jaguar.co.jp

E-Mail address: (thru the URL)

ACTIVITIES

Import, wholesale, retail of Jaguar & Land Rover cars, new & old

BRANCHES

Nil

OFFICERS

ANDERSON M RUSSEL, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES FAIR A/SALES Yen 487 M*

PAYMENTS REGULAR CAPITAL Yen 480 M

TREND SLOW WORTH Yen 480 M

STARTED 2008 EMPLOYES 60

*.. The firm does not disclose financials and these figures are those of Dec/2009

COMMENT

IMPORTER OF JAGUAR CARS, WHOLLY OWNED BY JAGUAR CARS, UK.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

MAX CREDIT LIMIT: YEN 8.5 MILLION, 30 DAYS, BASED ON THE DISCLOSED FIGURES

HIGHLIGHTS

The subject company was established originally in 1986 as Jaguar Japan Ltd and in Oct 2008 became a wholly owned subsidiary of Jaguar Cars UK. This is a trading firm for import and wholesale of Jaguar & Land Rover cars, both new & old. Cars are sold through agent dealership nationwide.

FINANCIAL INFORMATION

Financial are not disclosed as from the Dec/2010 fiscal term.

The only available and disclosed figures are those for the Dec/2009 fiscal term. Profits and other details are not available..

The financial situation is considered FAIR by the financials strength of the UK parent and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.5 million, on 30 days, based on the available figures.

REGISTRATION

Date Registered: Apr 2008

Regd No.: (Tokyo-Minatoku) 075166

Legal Status: Limited Company (Kabushiki Kaisha)

Authorized: 9,600 shares

Issued: 9,600 shares

Sum: Yen 480 million

Major shareholders (%): Jaguar Cars UK (100)

Nothing detrimental is known as to the commercial morality of executives.

OPERATION

Activities: Imports and wholesales Jaguar & Land Rover cars, both new & old (--100%)

Sales are through agent dealership nationwide.

Clients: Regular dealership (100%).

No. of accounts: Unavailable

Domestic areas of activities: Nationwide

Suppliers: [Car makers] Jaguar Cars Group

Payment record: Regular

Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

Local Bank (Tokyo)

Relations: Satisfactory

FINANCES

(In Million Yen)

Financials are not disclosed

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.06
UK Pound	1	Rs.79.15
Euro	1	Rs.69.03

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	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
--	NB	New Business	--

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.