|
Report Date : |
17.05.2013 |
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 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
|
|
|
|
|
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: |
CIN No.:U50300dl2005ptc139501
CIN No.:U72900DL2002PTC116738
CIN No.:U74899DL1995PTC073540
|
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 |
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
11500.000 |
13100.000 |
13100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(4181.600) |
(13584.700) |
(11168.000) |
|
|
NETWORTH |
7318.400 |
(484.700) |
1932.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
1557.300 |
3250.300 |
|
|
2] Unsecured Loans |
2852.300 |
1074.000 |
907.400 |
|
|
TOTAL BORROWING |
2852.300 |
2631.300 |
4157.700 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10170.700 |
2146.600 |
6089.700 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7317.300 |
4521.900 |
4466.400 |
|
|
Capital work-in-progress |
1497.100 |
456.400 |
226.300 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.300 |
0.300 |
0.300 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3919.700
|
3151.700 |
2666.500 |
|
|
Sundry Debtors |
870.700
|
889.200 |
499.300 |
|
|
Cash & Bank Balances |
804.900
|
761.200 |
3460.500 |
|
|
Other Current Assets |
536.400
|
418.400 |
276.900 |
|
|
Loans & Advances |
3333.900
|
1975.100 |
1906.900 |
|
Total
Current Assets |
9465.600
|
7195.600 |
8810.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2645.100
|
3391.600 |
3043.000 |
|
|
Other Current Liabilities |
4875.300
|
6070.800 |
3843.700 |
|
|
Provisions |
589.200
|
565.200 |
526.700 |
|
Total
Current Liabilities |
8109.600
|
10027.600 |
7413.400 |
|
|
Net Current Assets |
1356.000
|
(2832.000) |
1396.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10170.700 |
2146.600 |
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) |
|
1.17
|
0.72
|
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 |
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) |
|
Other external commercial borrowings |
2852.300 |
1074.000 |
|
Total |
2852.300 |
1074.000
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
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 India of the company |
First Floor, The Great Eastern Centre, 70 Nehru Place, Behind IFCI Tower, New Delhi – 110019, India E-mail: msinghal@knm.in |
|
This form is for |
Creation of charge |
|
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 E-mail: anandnambiar@hsbc.co.in |
|
Nature of
instrument creating 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 of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest nterest 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 and 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 or asset(s) charged (including complete address and location
of the property) |
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 |
FIXED ASSETS
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.54.77 |
|
|
1 |
Rs.83.31 |
|
Euro |
1 |
Rs.70.46 |
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.