|
Report Date : |
28.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDIA YAMAHA MOTOR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
First Floor, The Great Eastern Centre, 70, Nehru Place, Behind IFCI
Tower, New Delhi – 110019 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
17.10.2007 |
|
|
|
|
Com. Reg. No.: |
55-169496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11500.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200DL2007PTC169496 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI06615A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI7552F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of Bi-Wheelers and Spares. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 29000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Yamaha Motor Company, Japan’. It is a
well-established and a reputed company having a moderate track record. Even though the company has recorded better growth in its turnover
during 2012, it has incurred loss from its operations. However, it receives better support from its group companies. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings with some
cautions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
First Floor, The Great Eastern Centre, 70, Nehru Place, Behind IFCI
Tower, New Delhi – 110019, India |
|
Tel. No.: |
91-11-43115000/ 41802255 |
|
Fax No.: |
91-11-41802200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
A3, Industrial Area, Noida Dadri Road, Distt. Gautam Budh Marg, Surajpur - 201306, Uttar Pradesh, India |
|
|
|
|
Chennai Office: |
8th Floor, Polyhose Towers (Ex – SPIC Annexe Building)
No.88, Mount Road, Guindy, Chennai – 600032, Tamilnadu, India |
DIRECTORS
As on 12.03.2013
|
Name : |
Mr. Hiroyuki Suzuki |
|
Designation : |
Director |
|
Address : |
S-527, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Birth/Age : |
16.11.1953 |
|
Qualification : |
Graduate |
|
Experience : |
34 Years |
|
Date of Appointment : |
18.04.2011 |
|
DIN No.: |
03271674 |
|
|
|
|
Name : |
Toshikazu Kobayashi |
|
Designation : |
Director |
|
Address : |
C-14, Kalindi Colony, New Delhi – 110065, India |
|
Date of Birth/Age : |
24.05.1955 |
|
Date of Appointment : |
18.04.2011 |
|
DIN No.: |
03423683 |
|
|
|
|
Name : |
Riuji Kawashima |
|
Designation : |
Director |
|
Address : |
A-198, Ground Floor, New Friends Colony, New Delhi – 110065, India |
|
Qualification : |
Post Graduate |
|
Experience : |
29 Years |
|
Date of Birth/Age : |
15.12.1958 |
|
Date of Appointment : |
18.04.2011 |
|
DIN No.: |
03425405 |
|
|
|
|
Name : |
Shinichiro Kimura |
|
Designation : |
Director |
|
Address : |
A-198, First Floor, New Friends colony, New Delhi – 110065, India |
|
Date of Birth/Age : |
10.06.1962 |
|
Qualification : |
Graduate |
|
Experience : |
23 Years |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
03612052 |
|
|
|
|
Name : |
Masashi Okamoto |
|
Designation : |
Director |
|
Address : |
A-369, Defence Colony, New Delhi – 110065, India |
|
Date of Birth/Age : |
27.08.1957 |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
05229118 |
|
|
|
|
Name : |
Takashi Terabayashi |
|
Designation : |
Director |
|
Address : |
B-369, New Friends Colony, New Delhi - 110065, India |
|
Date of Birth/Age : |
05.06.1958 |
|
Qualification : |
Graduate |
|
Experience : |
30 Years |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
05229128 |
|
|
|
|
Name : |
Hiromitsu Azuma |
|
Designation : |
Director |
|
Address : |
4-50-25-1, Kamiaso, Aso- Ku, Kawasaki- Shi, Kanagawa - 2150021 |
|
Date of Birth/Age : |
16.12.1963 |
|
Date of Appointment : |
13.10.2012 |
|
DIN No.: |
06395656 |
|
|
|
|
Name : |
Masaki Asano |
|
Designation : |
Director |
|
Address : |
B-439, New Friends Colony, New Delhi - 110025, India |
|
Date of Birth/Age : |
17.02.1958 |
|
Date of Appointment : |
13.10.2012 |
|
DIN No.: |
06452869 |
|
|
|
|
Name : |
Hiroshi Hagio |
|
Designation : |
Director |
|
Address : |
C-483, SF, Defence Colony, New Delhi - 110024, India |
|
Date of Birth/Age : |
26.11.1963 |
|
Qualification : |
Graduate |
|
Experience : |
25 |
|
Date of Appointment : |
13.10.2012 |
|
DIN No.: |
06452874 |
|
|
|
|
Name : |
Hitoshi Inagaki |
|
Designation : |
Director |
|
Address : |
R-185, SF, Greater Kailash- I, New Delhi - 110048, India |
|
Date of Birth/Age : |
19.05.1961 |
|
Qualification : |
Graduate |
|
Experience : |
23 Years |
|
Date of Appointment : |
13.10.2012 |
|
DIN No.: |
06452878 |
KEY EXECUTIVES
|
Name : |
Mrs. Preeti Aggarwal |
|
Designation : |
Company Secretary |
|
Address : |
1/11689, (B-27), Panchsheel Garden, Naveen Shahadara, Delhi – 110032, India |
|
Date of Birth/Age : |
08.03.1985 |
|
Date of Appointment : |
01.07.2010 |
|
PAN No.: |
AISPA9378B |
|
|
|
|
Name : |
Jun Nakata |
|
Designation : |
Chief Sales Officer |
|
|
|
|
Name : |
Akihiro Koike |
|
Designation : |
Department Head Purchase Engineering |
|
|
|
|
Name : |
Toshiaki Morita |
|
Designation : |
Department Production Division |
|
|
|
|
Name : |
Koji Yamakawa |
|
Designation : |
Department Head Purchase PE (CDC) |
|
|
|
|
Name : |
Hitoshi Ando |
|
Designation : |
Division Head Procurement Centre |
|
|
|
|
Name : |
Narukazu Miyamura |
|
Designation : |
Division Head Logistics |
|
|
|
|
Name : |
Tsuyoshi Matsushita |
|
Designation : |
Department Head Manufacturing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Yamaha Motor Company Limited, Japan |
|
1115545039 |
|
Yamaha Motor Asia Pte Limited, Singapore |
|
1111450 |
|
Bussan Automotive Singapore Pte Limited, Singapore |
|
33343511 |
|
Total |
|
1150000000 |
As on 12.03.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Bi-Wheelers and Spares. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
The Hongkong and Shanghai Banking Corporation Limited Birla Towers, 25,Barakhamba Road, New Delhi - 110001, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
Golf View, Tower B, Sector-42, Sector Road, Gurgaon – 122002, Haryana,
India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding company : |
Yamaha Motor Company, Japan |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Mitsui and Company Limited, Japan |
|
|
|
|
Fellow Subsidiary
company: |
· Yamaha Motor Asia Pte Limited, Singapore Yamaha Motor Taiwan Trading, Taiwan, Province of China Sunward International, Japan Yamaha Motor India Sales Private Limited, India CIN No.:U50300dl2005ptc139501 Yamaha Motor Solutions (India) Private Limited, India CIN No.:U72900DL2002PTC116738 Yamaha Motor Distribution Singapore Pte Limited, Singapore Yamaha Motor India Private Limited CIN No.:U74899DL1995PTC073540 Yamaha Motor Europe N.V., Netherlands Yamaha Motor Commercial Trading (Shanghai) Company
Limited, China P.T.Yamaha Indonesia Motor Manufacturing, Indonesia Yamaha Motor Philippines Inc, Philippines Yamaha Motor Electronics Company Limited, Japan Incolomotos Yamaha S.A., Sri Lanka Yamaha Motor Asian Centre Company Limited, Thailand Yamaha Motor Australia Pty Limited, Australia Yamaha Travel Service Company Limited, Japan Yamaha Motor Distribution Latin America Inc, United States |
CAPITAL STRUCTURE
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2210000000 |
Equity Shares |
Rs.10/- each |
Rs. 22100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1150000000 |
Equity Shares |
Rs.10/- each |
Rs. 11500.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
11500.000 |
13100.000 |
|
(b) Reserves & Surplus |
|
(4181.600) |
(13584.700) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7318.400 |
(484.700) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2852.300 |
1074.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
107.400 |
98.700 |
|
(d) long-term provisions |
|
500.900 |
412.400 |
|
Total Non-current Liabilities (3) |
|
3460.600 |
1585.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
1557.300 |
|
(b) Trade payables |
|
2645.100 |
3391.600 |
|
(c) Other current
liabilities |
|
4767.900 |
5972.100 |
|
(d) Short-term provisions |
|
88.300 |
152.800 |
|
Total Current Liabilities (4) |
|
7501.300 |
11073.800 |
|
|
|
|
|
|
TOTAL |
|
18280.300 |
12174.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
6590.000 |
4128.400 |
|
(ii) Intangible Assets |
|
727.300 |
393.500 |
|
(iii) Capital work-in-progress |
|
1497.100 |
456.400 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.300 |
0.300 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1069.000 |
296.800 |
|
(e) Other Non-current assets |
|
58.600 |
0.200 |
|
Total Non-Current Assets |
|
9942.300 |
5275.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3919.700 |
3151.700 |
|
(c) Trade receivables |
|
870.700 |
889.200 |
|
(d) Cash and cash
equivalents |
|
804.900 |
761.200 |
|
(e) Short-term loans and
advances |
|
2264.900 |
1678.300 |
|
(f) Other current assets |
|
477.800 |
418.200 |
|
Total Current Assets |
|
8338.000 |
6898.600 |
|
|
|
|
|
|
TOTAL |
|
18280.300 |
12174.200 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13100.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(11168.000) |
|
|
NETWORTH |
|
|
1932.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3250.300 |
|
|
2] Unsecured Loans |
|
|
907.400 |
|
|
TOTAL BORROWING |
|
|
4157.700 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6089.700 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4466.400 |
|
|
Capital work-in-progress |
|
|
226.300 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.300 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2666.500 |
|
|
Sundry Debtors |
|
|
499.300 |
|
|
Cash & Bank Balances |
|
|
3460.500 |
|
|
Other Current Assets |
|
|
276.900 |
|
|
Loans & Advances |
|
|
1906.900 |
|
Total
Current Assets |
|
|
8810.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3043.000 |
|
|
Other Current Liabilities |
|
|
3843.700 |
|
|
Provisions |
|
|
526.700 |
|
Total
Current Liabilities |
|
|
7413.400 |
|
|
Net Current Assets |
|
|
1396.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6089.700 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26483.200 |
23329.600 |
16668.700 |
|
|
|
Other Income |
819.600 |
835.900 |
980.700 |
|
|
|
TOTAL (A) |
27302.800 |
24165.500 |
17649.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
27374.400 |
25637.800 |
18984.500 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(71.600) |
(1472.300) |
(1335.100) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
432.200 |
459.700 |
564.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(503.800) |
(1932.000) |
(1899.300) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
592.800 |
484.600 |
4426.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(1096.600) |
(2416.600) |
(6326.100) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(1096.600) |
(2416.600) |
(6326.100) |
|
|
|
|
|
|
|
|
|
Less/ Add |
Prior period
expenses |
0.300 |
0.000 |
21.700 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(13584.600) |
(11168.000) |
(4820.200) |
|
|
|
|
|
|
|
|
|
Less |
Adjusted against
Capital Reduction |
(10500.000) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(4181.500) |
(13584.600) |
(11168.000) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
8359.400 |
6468.400 |
4219.100 |
|
|
TOTAL EARNINGS |
8359.400 |
6468.400 |
4219.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
2814.200 |
410.400 |
198.700 |
|
|
|
Raw materials, packing material and components |
155.500 |
2141.000 |
2177.600 |
|
|
|
Store, spare parts and tools |
28.700 |
187.500 |
127.500 |
|
|
|
Trading goods |
119.100 |
32.100 |
46.600 |
|
|
TOTAL IMPORTS |
3117.500 |
2771.000 |
2550.400 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.95) |
(1.84) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
(4.02)
|
(10.00)
|
(35.84) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.14)
|
(10.36)
|
(37.95) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.53)
|
(20.62)
|
(47.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.15)
|
4.99
|
3.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.39
|
(5.43)
|
2.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
0.62
|
1.19 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Profile
|
Client Industry |
AUTOMOBILE
INDUSTRY |
|
Client's
discipline |
Manufacturing
and Selling of Bi - Wheeler |
General
|
The growth of
the client's industry is best described as: |
Growing |
|
Brief
description of the services and/or goods the client provides to the
marketplace: |
Manufacturing
and Selling of Bi - Wheeler |
|
What is the legal
structure of the client? |
Subsidiary of a
parent Company |
|
What type of
company is the client? |
Private |
Credit Rating
|
Client's debt
tracked by a credit rating agency? |
No |
|
Name of credit
rating agency: |
-- |
|
Credit rating class
provided by credit rating agency: |
-- |
|
Client credit
rating: |
-- |
|
Report on credit
worthiness of client purchased from: |
-- |
Client Financials
|
Does the client
have a credit facility? |
Yes |
|
Do you have financial
information on this client? |
Yes |
|
Credit facility
type: |
Unsecured |
|
Amount of credit
facility: |
Unsecured :Rs. 2852.300 Millions |
|
Currency of
financial statements/data: |
INR Millions |
|
Annualized
revenues: |
Rs. 26483.200
Millions |
|
Annualized COGS: |
-- |
|
Annualized
EBITDA: |
Rs. (71.600)
Millions |
|
Annualized net
income: |
Rs. (1096.600)
Millions |
|
Cash balance: |
Rs.1.000
Millions |
|
Marketable
Securities balance: |
-- |
|
Accounts
Receivable balance: |
Rs. 870.700
Millions |
|
Current Assets
balance: |
Rs.8338.000
Millions |
|
Total assets
balance: |
Rs.18280.300
Millions |
|
Current
Liabilities balance: |
Rs. 7501.300
Millions |
|
Long-Term Debt
balance: |
Rs.2852.300
Millions |
|
Equity balance: |
Rs.7318.400
Millions |
|
Net cash
provided by operating activities: |
Rs.(2331.400)
Millions |
|
Date of client's
financial data populated: |
31.12.2012 |
|
Financial
information provided above audited? |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10393009 |
29/10/2012 |
500,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
B64528540 |
|
2 |
10171175 |
18/08/2009 |
1,296,500,000.00 |
CITIBANK N.A. |
3, JEEVAN VIHAR, PARLIAMENT STREET, NEW DELHI - 110001, INDIA |
A68011071 |
|
3 |
10143867 |
16/09/2009 * |
700,000,000.00 |
CALYON BANK |
6TH FLOOR, BIRLA TOWER, 25, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
A69700383 |
|
4 |
10143869 |
16/02/2009 |
700,000,000.00 |
CALYON BANK |
BIRLA TOWER, 6TH FLOOR, 25, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
A57434052 |
|
5 |
10101914 |
23/04/2008 |
450,000,000.00 |
THE BANK OF NOVA SCOTIA |
DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
A38215679 |
|
6 |
10107935 |
07/04/2008 |
700,000,000.00 |
STANDARD CHARTERED BANK |
NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
A40638074 |
|
7 |
10097713 |
01/04/2008 |
500,000,000.00 |
MIZUHO CORPORATE BANK LIMITED |
4TH FLOOR, EAST TOWER, SOOD TOWER, 25, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
A36375665 |
RESULTS OF OPERATIONS
The Company achieved Domestic Turnover of Rs. 20275.100 millions (previous year: Rs. 18849.200 millions) and Export Turnover of Rs 8359.400 millions (previous year: Rs. 6468.400 millions) during the year. The Company incurred a loss of Rs. 1096.600 millions (previous year: Rs. 2416.600 millions) during the year.
UNSECURED LOAN
|
PARTICULARS |
31.12.2012 (Rs.
in Millions) |
31.12.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWING |
|
|
|
Other external commercial borrowings |
2852.300 |
1074.000 |
|
Total |
2852.300 |
1074.000
|
FIXED ASSETS
· Building
· Plant and Machinery
· Furniture & Fixtures
· Office equipments
· Computers
·
Vehicles
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 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 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.65.67 |
|
|
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.87.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
-- |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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 |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.