|
Report Date : |
12.02.2014 |
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 |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Yamaha Motor Company, Japan’. It is a
well-established and a reputed company having a moderate track record. The management has failed to file its financial with government
department for the year 2013. As per previous financial of 2012, the company has recorded
accumulated losses and profitability of the company seems to be under
pressure. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of strong holding, 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs.39000 mn this financial year and has a debt of Rs.350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs.35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 12.03.2013)
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 |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
IN THE HIGH COURT
OF DELHI AT NEW DELHI
EX.P. 349/2012
M/S DIVYA ENTERPRISES and ANR- Decree Holders
Through: Mr Riju Raj Jamwal, Adv.
versus
INDIA YAMAHA MOTORS PVT LTD- Judgement Debtor
Through
CORAM:
HON'BLE MR. JUSTICE RAJIV SHAKDHER
ORDE
19.11.2013
Report of the registry is that PF is not filed.
On steps being taken, notice shall issue to the judgment debtor.
List on 01.04.2014.
RAJIV SHAKDHER, J
NOVEMBER 19, 2013
------------------------------------------------------------------------------------------------------------------------------
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 |
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
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
|
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 |
FIXED ASSETS:
· Building
· Plant and Machinery
· Furniture and 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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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.62.19 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.74 |
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 |
YES |
|
--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.