MIRA INFORM REPORT

Report Date :

27.04.2012

IDENTIFICATION DETAILS

Name :	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED
Registered Office :	Plot No.1, Bidadi Industrial Area, Ram Nagar Taluka, Bangalore Rural District, Bangalore – 562 109, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	06.10.1997
Com. Reg. No.:	08-22858
Capital Investment / Paid-up Capital :	Rs.7000.000 Millions
CIN No.: [Company Identification No.]	U34101KA1997PTC022858
TAN No.: [Tax Deduction & Collection Account No.]	BLRT01107B
PAN No.: [Permanent Account No.]	AAACT5415B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of LMV (Passenger Cars), Qualis, Carolla, Innova Camry.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (63)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 59000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a joint venture between Toyota Motor Corporation and Kirloskar Group. It is an established company having fine track record. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office /Factory :	Plot No.1, Bidadi Industrial Area, Ram Nagar Taluka, Bangalore Rural District, Bangalore – 562 109, Karnataka, India
Tel. No.:	91-80-66292929/ 56914000
Fax No.:	91-80-7287076/78
E-Mail :	legal@tkm.co.in
Website :	http://www.toyotabharat.com

DIRECTORS

As on 28.06.2011

Name :

Mr. Ryoichi Sasaki

Designation :

Chairman

Address :

6/ 6, Soipatanaisin, Lang Lingche Road, Thungmahamek, Sathorn, Bangkok 10120

Date of Birth/Age :

04.04.1948

Date of Appointment :

29.06.2008

Name :

Mr. Vikram Shreekant Kirloskar

Designation :

Vice Chairman

Address :

Kirloskar Residence, Behind Kirloskar Business Park, Hebbal, Bellary Road, Bangalore-560052, Karnataka, India

Date of Birth/Age :

19.11.1958

Date of Appointment :

06.10.1997

Din No.:

00007907

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L29113PN1920PLC000670	KIRLOSKAR BROTHERS LIMITED	Director	20-01-10	18-08-87	-	Active	NO
2	U31909KA1993PTC014893	KIRLOSKAR TECHNOLOGIES PRIVATE LIMITED	Director	05-11-93	05-11-93	-	Active	NO
3	U99999KA1995PTC018529	KIRLOSKAR TOYODA TEXTILE MACHINERY PRIVATE LIMITED	Director	14-08-95	14-08-95	-	Active	NO
4	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Director	06-10-97	06-10-97	-	Active	NO
5	U34300KA1962PLC053582	KIRLOSKAR SYSTEMS LIMITED	Managing director	29-09-99	29-09-99	-	Active	NO
6	U35914KA2002PTC030335	TOYOTA KIRLOSKAR AUTO PARTS PRIVATE LIMITED	Director	25-06-07	10-04-02	-	Active	NO
7	L29120PN1974PLC110307	KIRLOSKAR PNEUMATIC COMPANY LIMITED	Director	28-06-02	28-06-02	-	Active	NO
8	L29112PN1978PLC088972	KIRLOSKAR INDUSTRIES LIMITED	Director	19-05-04	19-05-04	-	Active	NO
9	L64202KA2000PLC027860	ONMOBILE GLOBAL LIMITED	Director	17-08-07	24-07-06	07-08-08	Active	NO
10	U74996KA2008PTC044934	VIKRAMGEET INVESTMENTS AND HOLDINGS PRIVATE LIMITED	Director	11-01-08	11-01-08	-	Active	NO
11	U93090KA2008NPL045150	COMMON PURPOSE INDIA	Director	04-02-08	04-02-08	08-11-10	Active	NO
12	U66010KA2008PTC045231	TOYOTA TSUSHO INSURANCE BROKER INDIA PRIVATE LIMITED	Director	08-02-08	08-02-08	-	Active	NO
13	U64201PN1998PLC012654	QUADRANT COMMUNICATIONS LIMITED	Director	06-09-10	07-10-09	-	Active	NO
14	U34300KA1998PTC023708	DENSO KIRLOSKAR INDUSTRIES PRIVATE LIMITED	Director	27-09-10	12-01-10	-	Active	NO
15	U65993MH1972PTC016178	ASARA SALES AND INVESTMENT PRIVATE LIMITED	Director	14-09-10	12-03-10	-	Active	NO
16	U31102MH1965PLC013362	KIRLOSKAR PROPRIETARY LIMITED	Director	17-09-10	12-03-10	-	Active	NO
17	U85100KA2010PTC055258	TAKSHASILA HEALTHCARE AND RESEARCH SERVICE PRIVATE LIMITED	Director	22-09-10	22-09-10	-	Active	NO
18	U29253KA2010FTC056088	TOYOTA MATERIAL HANDLING INDIA PRIVATE LIMITED	Director	06-02-12	06-02-12	-	Active	NO
19	U73100DL2011NPL228097	GLOBAL INNOVATION AND TECHNOLOGY ALLIANCE	Nominee director	24-02-12	24-02-12	-	Active	NO
20	U85110KA2012PTC063508	TAKSHASILA HOSPITALS OPERATING PRIVATE LIMITED	Director	12-04-12	12-04-12	-	Active	NO

Name :

Mr. Hiroshi Nakagawa

Designation :

Managing Director

Address :

No.8, Walton Road, Ward No.76, Apartment No. B – 3, Regency Liguori, Bangalore – 560 001, Karnataka, India

Date of Birth/Age :

30.03.1954

Date of Appointment :

11.01.2008

Din No.:

02008807

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Managing director	28-06-11	11-01-08	Active	NO
2	U74140KA1998PTC024262	TOYOTA TECHNO PARK INDIA PRIVATE LIMITED	Alternate director	11-01-08	11-01-08	Active	NO
3	U35914KA2002PTC030335	TOYOTA KIRLOSKAR AUTO PARTS PRIVATE LIMITED	Director appointed in casual vacancy	11-01-08	11-01-08	Active	NO
4	U74900KA2011FLC058752	TOYOTA FINANCIAL SERVICES INDIA LIMITED	Director	20-05-11	20-05-11	Active	NO

Name :

Mr. Tomonaga Shigeru

Designation :

Deputy Managing Director

Address :

Apartments No:303, Tulip Prestige exotica No:3, Cunningham Road , Bangalore-560052, Karnataka

Date of Birth/Age :

18.05.1953

Date of Appointment :

30.05.2005

Din No.:

00105805

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Whole-time director	28-06-11	30-05-05	Active	NO
2	U35914KA2002PTC030335	TOYOTA KIRLOSKAR AUTO PARTS PRIVATE LIMITED	Alternate director	28-06-11	29-06-07	Active	NO

Name :

Mr. Sandeep Singh

Designation :

Deputy Managing Director (Marketing)

Address :

Flat No. 2-I, Orchard Green, 139/4, Intermediate Ring Road, Amar Jyoti Layout, Domlur, Bangalore-560071, Karnataka, India

Date of Birth/Age :

21.01.1961

Date of Appointment :

28.07.2008

Din No.:

01234858

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65923DL2007FTC162589	JCB FINANCIAL ADVISOR PRIVATE LIMITED	Director	10-05-07	10-05-07	25-07-08	Active	NO
2	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Whole-time director	28-06-11	28-07-08	-	Active	NO
3	U74900KA2011FLC058752	TOYOTA FINANCIAL SERVICES INDIA LIMITED	Director	20-05-11	20-05-11	-	Active	NO

Name :

Mr. Yasuo Kawada

Designation :

Director

Address :

1-227, Kamino Kura, Midori-KU, Nagoya City, Aichi-4718571, Japan, India

Date of Birth/Age :

16.04.1957

Date of Appointment :

25.06.2008

Din No.:

02244854

Name :

Mr. Masanori Takahashi

Designation :

Director

Address :

Regency Heights, Cleveland Road, Bangalore-560005, Karnataka, India

Date of Birth/Age :

25.09.1958

Date of Appointment :

08.01.2009

Din No.:

02506394

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Whole-time director	30-01-12	08-01-09	Active	NO

Name :

Mr. Masayoshi Hachisuka

Designation :

Director

Address :

202, Prestige Clarke Woods, Clarke Road, 11 Richards Town, Bangalore-560001, Karnataka, India

Date of Birth/Age :

03.04.1967

Date of Appointment :

12.01.2010

Din No.:

02919422

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74140KA1998PTC024262	TOYOTA TECHNO PARK INDIA PRIVATE LIMITED	Director	12-01-10	12-01-10	-	Active	NO
2	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Whole-time director	28-06-11	12-01-10	-	Active	NO
3	U35914KA2002PTC030335	TOYOTA KIRLOSKAR AUTO PARTS PRIVATE LIMITED	Whole-time director	12-01-10	12-01-10	17-01-12	Active	NO
4	U74900KA2011FLC058752	TOYOTA FINANCIAL SERVICES INDIA LIMITED	Director	20-05-11	20-05-11	-	Active	NO

Name :

Mr. Nobuyoshi Tsuzuki

Designation :

Director

Address :

B-9, Pent House, Regency Salam, Hall Road, Bangalore-560084, Karnataka, India.

Date of Birth/Age :

10.09.1952

Date of Appointment :

12.01.2010

Din No.:

02919415

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Whole-time director	28-06-11	12-01-10	Active	NO

Name :

Mr. Toshihito Yoshioka

Designation :

Director

Address :

Flat No. 208, Prestige Acropolis House Road, Bangalore-560030, Karnataka, India

Date of Birth/Age :

08.08.1961

Date of Appointment :

12.01.2010

Din No.:

02919384

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74140KA1998PTC024262	TOYOTA TECHNO PARK INDIA PRIVATE LIMITED	Director	12-01-10	12-01-10	Active	NO
2	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Whole-time director	28-06-11	12-01-10	Active	NO

Name :

Mr. Atul Chandrakant Kirloskar

Designation :

Director

Address :

Radha, 453, Gokhale Road, Pune-411016, Maharashtra, India

Date of Birth/Age :

03.02.1956

Date of Appointment :

03.04.2000

Din No.:

00007387

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L50210PB1985PLC006473	SWARAJ ENGINES LIMITED	Nominee director	06-07-87	06-07-87	22-01-08	Active	NO
2	U65993MH1992PTC064866	NAVSAI INVESTMENTS PRIVATE LIMITED	Director	15-01-92	15-01-92	-	Active	NO
3	L99999MH1938PLC002869	G. G. DANDEKAR MACHINE WORKS LIMITED	Director	22-05-92	22-05-92	-	Active	NO
4	L27101PN1991PLC063223	KIRLOSKAR FERROUS INDUSTRIES LIMITED	Director	10-08-92	10-08-92	-	Active	NO
5	L29112PN1978PLC088972	KIRLOSKAR INDUSTRIES LIMITED	Director	22-10-10	01-03-96	-	Active	NO
6	U34300KA1962PLC053582	KIRLOSKAR SYSTEMS LIMITED	Director	25-07-97	25-07-97	17-11-09	Active	NO
7	U34101KA1997PTC022858	TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED	Director	03-04-00	03-04-00	-	Active	NO
8	U74220PN2002NPL017463	NATIONAL AGRICULTURE AND FOOD ANALYSIS AND RESEARCH INSTITUTE	Director	13-12-02	13-12-02	-	Active	NO
9	U91110PN2004PLC019210	AUTO CLUSTER DEVELOPMENT AND RESEARCH INSTITUTE LIMITED	Nominee director	30-04-04	30-04-04	12-02-08	Active	NO
10	U63090MH2001PLC133415	FIVE STARS BULKCARRIERS LIMITED	Director	01-09-08	07-04-08	-	Active	NO
11	L29120PN2009PLC133351	KIRLOSKAR OIL ENGINES LIMITED	Whole-time director	26-01-12	12-01-09	-	Active	NO
12	L65999PN2009PLC133794	KIRLOSKAR BROTHERS INVESTMENTS LIMITED	Director	27-07-10	13-02-10	-	Active	NO
13	U65993MH1972PTC016178	ASARA SALES AND INVESTMENT PRIVATE LIMITED	Director	14-09-10	12-03-10	-	Active	NO
14	U31102MH1965PLC013362	KIRLOSKAR PROPRIETARY LIMITED	Director	17-09-10	12-03-10	-	Active	NO
15	U74900PN2010PLC136724	PUNE RESTORATION AND NAVIGATION COMPANY LIMITED	Director	30-06-10	30-06-10	-	Active	NO
16	U74900PN2011PLC138321	GREENTEK SYSTEMS (INDIA) LIMITED	Director	19-01-11	19-01-11	-	Active	NO
17	L29120PN1974PLC110307	KIRLOSKAR PNEUMATIC COMPANY LIMITED	Additional director	23-01-12	23-01-12	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Shreenivasa P Gotur
Designation :	Manager [Legal and Company Secretary]
Address :	No. 58, Gruhakakshmi Colony, 1^st Stage, Basaveshwara Nagar, Bangalore-560079, Karnataka, India
Date of Birth/Age :	26.12.1971
Date of Appointment :	31.07.2010
Pan No.:	ACBPS8309K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.06.2011

Names of Shareholders	No. of Shares
Kirloskar Systems Limited, India	77000000
Toyota Motor Corporation, Japan	623000000
Total	700000000

As on 28.06.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	89.00
Other	11.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of LMV (Passenger Cars), Qualis, Carolla, Innova Camry.

Products :

Product Description	Item Code No. (ITC Code)
Motor Vehicles	8702.1000

PRODUCTION STATUS [AS ON 31.03.2009]

Particulars	Unit	Installed Capacity	Actual Production
Motor Vehicles	Nos.	60000	46251

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Bank of Tokyo and Mitsubishi Limited, Chennai, Tamilnadu, India

· Hong Kong Bank, Bangalore, Karnataka, India

· CITI Bank, Bangalore, Karnataka, India

· ICICI Bank, Bangalore, Karnataka, India

· State Bank of India, Bangalore Rural District, Karnataka, India

· State Bank of India, Bangalore, Karnataka, India

· Sakura Bank, Mumbai, Maharashtra, India

· Kotak Mahindra Bank Limited

Facilities :

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loan	2247.629	0.000
Rupee other term loan	0.000	0.024
Deferred sales tax loan	15251.904	12706.026
Total	17499.533	12706.050

Banking Relations :	--
Auditors :
Name :	Price Waterhouse Chartered Accountants
Address :	5^th Floor, Tower D, The Millenia, 1 and 2 Murphy Road, Bangalore – 560 008, Karnataka, India
Pan No.:	AAEFP3641G
Holding Company:	Toyota Motor Corporation, Japan (TMC)
Fellow Subsidiaries:	· Toyota Motor Asia Pacific Pte. Limited, Singapore (TMAP) · Toyota Kirloskar Auto Parts Private Limited, India (TKAP) · Toyota Motor Asia Pacific Engineering and Manufacturing Company Limited, Thailand (TMAP(EM)) · Toyota Motor Manufacturing, Indonesia (TMMIN) · Toyota Motor Manufacturing, North America (TMMNA) · Toyota Motor Sales Inc., USA (TMS) · Toyota Autoparts Philippines Inc, Philippines (TAP) · Daihatsu Motor Company Limited, Japan · Design Corporation, Japan (DCJ) · Toyota Techno Park India Private Limited (TTPIL) · Toyota Logistics Kishor India Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
700000000	Equity Shares	Rs.10/- each	Rs.7000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
700000000	Equity Shares	Rs.10/- each	Rs.7000.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		7000.000	7000.000	7000.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		7777.903	6208.025	4016.733
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		14777.903	13208.025	11016.733
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		17499.533	12706.050	10923.642
TOTAL BORROWING		17499.533	12706.050	10923.642
DEFERRED TAX LIABILITIES		665.731	175.848	265.033
TOTAL		32943.167	26089.923	22205.408
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		24966.557	6695.360	6885.266
Capital work-in-progress		1159.858	6199.663	708.142
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5640.521	3861.207	3192.985
	Sundry Debtors	1084.097	642.167	459.938
	Cash & Bank Balances	8796.063	16651.967	14228.235
	Other Current Assets	140.654	181.900	634.551
	Loans & Advances	9587.245	5556.034	3146.785
Total Current Assets		25248.580	26893.275	21662.494
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	8948.729	6627.089	2507.380
	Other Current Liabilities	3495.117	1800.210	1663.509
	Provisions	5987.982	5271.076	2879.605
Total Current Liabilities		18431.828	13698.375	7050.494
Net Current Assets		6816.752	13194.900	14612.000
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		32943.167	26089.923	22205.408

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income		56036.994	37603.087
		Other Income		1864.059	1885.764
		TOTAL		57901.053	39488.851
Less	EXPENSES
		Office Expenses
		Administrative Expenses		51800.231	36591.499
		Advertising Expenses
		TOTAL	NA	51800.231	36591.499
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION			6100.822	2897.352
Less/ Add	DEPRECIATION/ AMORTISATION			1348.950	1046.869
	PROFIT / (LOSS) BEFORE TAX			4751.872	1850.483
Less	TAX			1658.915	624.235
	PROFIT / (LOSS) AFTER TAX		2215.845	3092.957	1226.248
Less	APPROPRIATIONS
		Proposed Dividend	NA	773.240	306.561
		Tax on Dividend	NA	128.425	52.100
	BALANCE CARRIED TO THE B/S		NA	2191.292	867.587
	EARNINGS IN FOREIGN CURRENCY
		Vehicle Exports	19.757	9.675
		Trading Exports	4356.332	3532.206
	TOTAL EARNINGS		4376.089	3541.881	4338.070
	IMPORTS
		Raw Materials	27921.316	19750.891	11883.785
		Stores & Spares	30.099	36.614	44.435
		Capital Goods	8697.869	2803.219	151.268
		Others	1287.783	887.912	661.807
		Motor Vehicles (Traded)	839.060	618.160	422.232
	TOTAL IMPORTS		38776.127	24096.796	13163.527
	Earnings / (Loss) Per Share (Rs.)		3.17	4.42	1.75

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	5.34	3.11
Net Profit Margin (PBT/Sales)	(%)	NA	8.48	4.92
Return on Total Assets (PBT/Total Assets}	(%)	NA	14.15	6.47
Return on Investment (ROI) (PBT/Networth)		NA	0.36	0.17
Debt Equity Ratio (Total Liability/Networth)		2.43	11.33	1.63
Current Ratio (Current Asset/Current Liability)		1.37	1.96	3.06

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

FIXED ASSETS:

• Freehold Land
• Leasehold Land
• Buildings
• Plant and Machinery
• Computer System
• Office and Other Equipment
• Furniture and Fixtures
• Motor Vehicles
• Computer Software

As Per Web Site:

Profile:

The Company is a joint venture between Kirloskar Group and Toyota Motor Corporation (TMC). TKM aims at contributing to Indian Industry and economy through technology transfer, human resource development and vehicles that meet global standards at competitive price and contributing to the growth of the automobile industry.

A Company along with its dedicated dealers and suppliers has adopted the "Growing Together" philosophy of its parent company TMC to create long-term business growth.

The Toyota Motor Company Limited was first established in 1937 as a spin-off from Toyoda Automatic Loom Works, one of the world's manufacturers of weaving machinery.

The Toyoda Automatic Loom Works was then headed by Japan's "King of Inventors" Sakichi Toyoda. The patent rights to one of his machines had been sold to Platt Brothers (UK) and provided the seed-money for the development and test-building of Toyota's first automobiles.

Subject launched its first small car (SA Model) in 1947. Production of vehicles outside Japan began in 1959 at a small plant in Brazil, and continued with a growing network of overseas plants. Subject believes in localizing its operations to provide customers with the products they need where they need them; this philosophy builds mutually beneficial long-term relationships with local suppliers and helps the company fulfill its commitments to local labor.

Subject is by far the largest Japanese automotive manufacturer, producing more than 4.500 million vehicles per year, equivalent to one every six seconds.

Subject is committed to manufacture technically advance and environment friendly products. The company's plant at Bidadi (India) surrounded by a greenbelt, meets high environmental standards and is scheduled for an environmental audit to obtain ISO 14001 certification. Toyota has always believed that the best way to serve society is by providing automobiles that will not only make people happy, but will also be environment friendly. Wastewater at TMK is collected and purified to a level that can be used for fishponds and rice fields. To realize high quality vehicles production at reasonable price, Toyota seeks the best balance between human resources and robot technology. As technology constantly evolves, employees improve themselves through daily work and training programms, so that Toyota production also continues to develop. TMK aims to provide a wide selection of innovative, reasonable priced and high quality products through an exclusive dealer network with the best sales and after-sales service at global Toyota standards. Timely customer feedback through the service network also allows the company to respond to emerging customer needs and introduce new products tailored to the Indian market. TMK has developed an exclusive 3S dealer network, integrating “Sales,” (after sales) Services and “Spare parts (storage).” Placing customer satisfaction first, the service network will feature modern showrooms and speedy and efficient service centers, allowing customers to experience the convenience and pleasure of owing a Toyota automobile.

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.52.57
UK Pound	1	Rs.85.03
Euro	1	Rs.69.56

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	6
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--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		63

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	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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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