MIRA
INFORM REPORT
|
Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
YAPP-ZOOM AUTOMOTIVE SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ford New |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
08.04.2008 |
|
|
|
|
Com. Reg. No.: |
18-067267 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.488.054 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300TN2008PTC067267 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEY03198G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY3406H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Plastic Fuel Tanks |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Yapp Automotive Parts Company
Limited, It is a relatively new company having moderate track records. The management
has not filed the financial of the company with the government department
since its inception. The company has started its commercial business
activities from June 2009. Business is active. Payments terms are unknown. The company can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Kishor |
|
Designation : |
Deputy Finance Manager |
|
Contact No.: |
91-44-27458500 |
|
Date : |
03.08.2011 |
LOCATIONS
|
Registered Office : |
Ford New |
|
Tel. No.: |
91-44-27458500 |
|
Fax No.: |
91-44-27464901 |
|
E-Mail : |
|
|
Area : |
Owned |
|
|
|
|
Factory : |
Gat No. 134/2, Village Mahalunge, Pune-410501, |
DIRECTORS
|
Name : |
Mr. Brijpal Raghbir Singh |
|
Designation : |
Director |
|
Address : |
Flat A7-4, |
|
Date of Birth/Age : |
09.01.1960 |
|
|
|
|
Name : |
Mr. Anilkumar Nappanvettil Jayaprasad |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 205, 2nd Floor, Morar Ashirwad, Louiswadi, Thane
West, Thane-400604, |
|
Date of Birth/Age : |
22.10.1968 |
|
|
|
|
Name : |
Mrs. Manjuri Chaudari |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Kishor |
|
Designation : |
Deputy Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Yapp Automotive Parts Company Limited, |
|
5100 |
|
Zoom Developers Private Limited, |
|
4900 |
|
|
|
|
|
Total |
|
10000 |
List of Allottee:
As on 09.03.2011
|
Particular |
|
No. of Shares |
|
Yapp Automotive Parts Company Limited, |
|
17096782 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Fuel Tanks |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
IDBI Bank Limited, 115, Anna Salai, Chennai-600015, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Eny and Company Chartered Accountant |
|
Address : |
|
CAPITAL STRUCTURE
Authorised Capital : Rs.700.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.488.054
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
NOTE: Company has started
its business activities from June 2009.
LOCAL AGENCY FURTHER INFORMATION
Note: The
registered office of the company has been shifted from New No. 11, Kanakasri
Nagar, (
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10172922 |
|
Corporate
identity number of the company |
U34300TN2008PTC067267 |
|
Name of the
company |
YAPP-ZOOM
AUTOMOTIVE SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
New No.11,
Kanakasri Nagar (Behind Music Academy), |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
IDBI Bank Limited, 115, Anna Salai, Chennai-600015, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Deposit of Title
Deeds and Declaration and Undertaking |
|
Date of
instrument Creating the charge |
04.05.2010 |
|
Amount secured by
the charge |
Rs.280.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Benchmark Prime
Lending Rate per annum (presently 12.75%) Terms of
Repayment The company undertakes
to repay the principal amount of the Loan in accordance with the Amortization
Schedule as set forth in Schedule I or as advised and pay the interest,
additional interest, further interest, liquidated damages, fees and other
charges as stipulated in the Loan Agreement. Extent and
Operation of the charge The Charge
operates as a security for the repayment of Term Loan availed by the Company
together with payment of interest and any other charges, costs and expenses
payable to or incurred by the Bank. |
|
Short particulars
of the property charged |
I)
In
addition to the existing Security the company is providing the additional
security by creating mortgage on the leasehold rights of Leasehold land
admeasuring in aggregate of 4 acres situated at II)
Chittamannur,
Maraimalai Nagar, Chengalpattu belonging to the Company. More particularly
mentioned in the second schedule of the deposit of title deeds. |
|
Particulars of
the present modification |
There is no
change in the existing limits and the Company is providing additional
security by creating mortgage on the leased hold rights of Leasehold land
admeasuring in aggregate of 4 acres situated at Chittamannur, Maraimalai
Nagar, Chengalpattu. |
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] 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.44.23 |
|
|
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.98 |
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 report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.