|
Report Date : |
04.03.2013 |
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) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
17.10.2007 |
|
|
|
|
Com. Reg. No.: |
55-169496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200DL2007PTC169496 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI7552F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Motorcycles and Parts. |
|
|
|
|
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 |
|
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. There appear huge external borrowings recorded by the company which
exceeds the net worth. However, it received 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
DIRECTORS
(AS ON 27.03.2012)
|
Name : |
Mr. Hiroyuki Suzuki |
|
Designation : |
Director |
|
Address : |
S-527, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Birth/Age : |
16.11.1953 |
|
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 : |
Jun Nakata |
|
Designation : |
Director |
|
Address : |
A-217, 3rd Floor, Defense colony, New Delhi – 110024, India
|
|
Date of Birth/Age : |
08.08.1965 |
|
Date of Appointment : |
18.04.2011 |
|
DIN No.: |
03424041 |
|
|
|
|
Name : |
Kawashima Riuji |
|
Designation : |
Director |
|
Address : |
A-198, Ground Floor, New Friends Colony, New Delhi – 110065,
India |
|
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 |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
03612052 |
|
|
|
|
Name : |
Masataka Nishizaki |
|
Designation : |
Director |
|
Address : |
7-12-102, Kohinata, A-Chome, Bunkyo-Ku, Tokyo- 1120006 |
|
Date of Birth/Age : |
25.03.1963 |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
05104312 |
|
|
|
|
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 |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
05229128 |
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 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.03.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Yamaha Motor Company Limited, Japan |
|
1136400000 |
|
Yamaha Motor Asia Pte Limited, Singapore |
|
5600000 |
|
Bussan Automotive Singapore Pte Limited, Singapore |
|
168000000 |
|
|
|
|
|
Total |
|
1310000000 |
(AS ON 30.06.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Motorcycles and Parts. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Standard Chartered Bank Narain Manzil, 23, Barakhamba Road, New Delhi – 110001, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· The Hongkong and Shanghai Banking Corporation Limited Birla Towers, 25 Barakhamba Road, New Delhi – 110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountant |
|
Address : |
Golf View, Tower B, Sector-42, Sector Road, Gurgaon – 122002, Haryana,
India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding Company : |
· Yamaha Motor Company Limited, Japan |
|
|
|
|
Associates : |
·
Yamaha Motor Solutions (India) Private Limited,
India CIN No.: U72900DL2002PTC116738 |
CAPITAL STRUCTURE
(AS ON 27.03.2012)
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 |
|
|
|
|
|
|
660000000 |
Equity Shares |
Rs.10/- each |
Rs.6600.000
Millions |
|
|
|
|
|
(AS ON 31.12.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1310000000 |
Equity Shares |
Rs.10/- each |
Rs.13100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1310000000 |
Equity Shares |
Rs.10/- each |
Rs.13100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
13100.000 |
13100.000 |
5600.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(13584.700) |
(11168.000) |
(4820.215) |
|
|
NETWORTH |
(484.700) |
1932.000 |
779.785 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3757.300 |
3250.300 |
4338.361 |
|
|
2] Unsecured Loans |
1074.000 |
907.400 |
1102.470 |
|
|
TOTAL BORROWING |
4831.300 |
4157.700 |
5440.831 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4346.600 |
6089.700 |
6220.616 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4521.900 |
4466.400 |
7973.048 |
|
|
Capital work-in-progress |
601.400 |
226.300 |
636.144 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.300 |
0.300 |
0.250 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3151.700
|
2666.500 |
2370.653 |
|
|
Sundry Debtors |
889.200
|
499.300 |
369.493 |
|
|
Cash & Bank Balances |
761.400
|
3460.500 |
98.204 |
|
|
Other Current Assets |
418.100
|
276.900 |
180.967 |
|
|
Loans & Advances |
1874.900
|
1906.900 |
2104.753 |
|
Total
Current Assets |
7095.300
|
8810.100 |
5124.070 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
3727.300
|
3043.000 |
3379.400 |
|
|
Other Current Liabilities |
3579.800
|
3843.700 |
3720.556 |
|
|
Provisions |
565.200
|
526.700 |
412.940 |
|
Total
Current Liabilities |
7872.300
|
7413.400 |
7512.896 |
|
|
Net Current Assets |
(777.000)
|
1396.700 |
(2388.826) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4346.600 |
6089.700 |
6220.616 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23329.600 |
16668.700 |
12618.300 |
|
|
|
Other Income |
835.900 |
980.700 |
558.100 |
|
|
|
TOTAL (A) |
24165.500 |
17649.400 |
13176.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
25637.800 |
18984.500 |
14445.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(1472.300) |
(1335.100) |
(1269.100) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
459.700 |
564.200 |
541.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(1932.000) |
(1899.300) |
(1810.400) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
484.600 |
4426.800 |
751.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(2416.600) |
(6326.100) |
(2562.100) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
(1.100) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(2416.600) |
(6326.100) |
(2563.200) |
|
|
|
|
|
|
|
|
|
|
Prior period
expenses |
0.000 |
21.700 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(11168.000) |
(4820.200) |
(2257.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(13584.600) |
(11168.000) |
(4820.200) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6468.400 |
4219.100 |
2150.900 |
|
|
TOTAL EARNINGS |
6468.400 |
4219.100 |
2150.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
410.400 |
198.700 |
1016.600 |
|
|
|
Raw materials, packing material and components |
2141.000 |
2177.600 |
1371.800 |
|
|
|
Store, spare parts and tools |
187.500 |
127.500 |
213.000 |
|
|
|
Trading goods |
32.100 |
46.600 |
17.500 |
|
|
TOTAL IMPORTS |
2771.000 |
2550.400 |
2618.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.84) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
(10.00)
|
(35.84) |
(19.45) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(10.36)
|
(37.95) |
(20.30) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(20.80)
|
(47.65) |
(19.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
4.99
|
3.27 |
(3.29) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(9.97)
|
2.15 |
6.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
1.19 |
0.68 |
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 |
UNSECURED LOANS
|
Particulars |
31.12.2011 |
31.12.2010 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Foreign Currency Loans Banks |
1074.000 |
907.400 |
|
|
|
|
|
Total |
1074.000 |
907.400 |
NOTE:
The Registered office of the company has been
shifted form, Aalianz House, II Floor, 273, Capt. Gaur Mang, Sriniwas Puri, New
Delhi – 110065, India, to the present address w.e.f. 01.02.2011.
RESULTS OF
OPERATIONS
The company
achieved Domestic Turnover of Rs.18768.800 Millions (previous year:
Rs.13699.900 Millions) and Export Turnover of Rs 6468.400 Millions (previous
year: Rs.4219.100 Millions) during the year. During the said year, total
motorcycles produced by the Company were 4,73,839 (previous year: 3,36,975).
The Company incurred a loss of Rs.2416.600 Millions (previous year: Rs.6326.100
Millions) during the year.
FUTURE PLANS
The Company shall make efforts to achieve profitability in the coming
year.
CONTINGENT LIABILITIES (As on 31.12.2011)
In respect of
matter relating to Check Post, appeal filed with authorities. The amount
involved is Rs.0.726 Millions (Previous Year Rs.2.268 Millions).
In respect of
matters relating to Excise Duty Liability arising due to valuation of spare
parts transferred from Faridabad Plant to Spare Parts Division Faridabad and
Surajpur Plant amounting to Rs.287.900 Millions
(Previous Year - Nil).
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U34200DL2007PTC169496 |
|
Name of the
company |
India Yamaha
Motor Private Limited |
|
Address of the
registered office or of the principal place of business in |
First Floor, The Great
Eastern Centre,70, Nehru Place, Behind IFCI Tower, New Delhi – 110019, India |
|
Type of charge |
Book Debts Others: Stocks
and receivables |
|
Particular of
charge holder |
The Hongkong and
Shanghai Banking Corporation Limited Birla Towers, 25,
Barakhamba Road, New Delhi – 110001, India |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Hypothecation
for Stocks and Receivables dated 29 October 2012 |
|
Date of
instrument Creating the charge |
29/10/2012 |
|
Amount secured by
the charge |
Rs.500.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Interest shall be
payable by the company on the banking facilities as per banks tariff, subject
however that the bank shall have the right to change the rate of interest
after giving notice to the Company Terms of
Repayment In consideration
of banking facilities sanctioned/to be sanctioned by the Bank to the Company,
the Company has hypothecated and charged to the bank by way of First Pari
Passu Charge over Stocks & Receivables as a continuing security, the
assets mentioned in the Agreement to secure the repayments of the advances
together with interest cost and all other charges Margin The Company shall
maintain such margin as may be specified by the bank from time to time. Extent and
Operation of the charge In case the
Company fails to fulfill its obligation under the agreement, the bank shall
be entitled to take possession of the hypothecated properties/assets and sell
them by public auction or private contract and utilize the proceeds in full
or part settlement of its claims |
|
Short particulars
of the property charged |
First pari passu
charge on all the company's stock-in-trade both present and future including
stocks of raw materials, work-in-progress, spares and stores and finished
goods and First pari passu charge on all the company's present and future
book debts, outstanding monies, receivables, claims due and owing (assets
more particularly described in the schedules forming part of the deed of hypothecation) |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Office equipment
· Furniture and Fixture
· Computer
· Vehicles
NEW
India Yamaha Motor
launches the first ever Female riding training program in India; adds a new color
to the vibrant Range of RAY scooters
Chennai, 4th January,
2013: India Yamaha
Motor, launched India’s first Yamaha Female Riding Training Program (YFRT) in
Chennai today. The company also added a brand new color-white to the already
existing vibrant range of RAY scooters from the company's portfolio. Those
present at the ceremony were Mr. Masaki Asano - Deputy MD, Mr. Roy Kurian –
National Business Head of India Yamaha Motor and Ms. Deepika Padukone, noted
Bollywood actress and brand ambassador for Yamaha scooters
India Yamaha
Motor entered the scooter segment in India in September 2012 with its all new
Yamaha RAY. The RAY which targets a niche customer base of young, urban women,
has been designed and engineered to answer the needs of this growing class of
young female customers who want a scooter that is stylishly designed, compact,
easy to use and have a fresh new appeal. The company has developed &
launched the Yamaha Female Riding Training Program for female customers who
have a concern to ride a scooter or want to obtain a riding license. The
company plans to conduct the YFRT programme in various cities across India for
women who feel the need to be trained on riding a 2-wheeler.
The company also
launched a new Color‐White to the vibrant range of colors available for RAY scooters.
Post the RAY’s
launch, the company has undertaken a number of activities in order to attract
its target customers and influence sales. The company has expanded its dealer
network and improved customer care quality for female customers by appointing
more female staff at customer contact points and introducing female customer
care program. Ms. Deepika Padukone’s association with Yamaha Ray as its brand
ambassador has opened newer avenues for young girls across the nation with the
first ever Miss RAY Contest being held in Hyderabad‐a unique initiative to choose a local
brand ambassador for Yamaha Ray. Apart from this, Yamaha Ray is also the
associate sponsor for the 50th edition of Pond’s Femina Miss India, thus
strengthening its brand image as a scooter meant for young, urban female
riders. But the marketing highlight of the Ray is the RAY Cavalcade‐ wherein young women toured the city on
their Yamaha RAY scooters creating excitement and buzz at various customer
touch points.
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.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.