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Report No. : |
353117 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
TOYOTA INDUSTRIES INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No 10-13, Jigani Industrial Area, Phase II, Jigani, |
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Mobile No.: |
91-8110419555 (Mr. Prabhat) |
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Country : |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
10.04.2015 |
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Com. Reg. No.: |
08-079786 |
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Capital
Investment / Paid-up Capital : |
Rs.2933.924 Million |
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CIN No.: [Company Identification
No.] |
U29248KA2015FTC079786 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of dealing in all varieties and sizes of textile machinery
including spinning and allied machines, synthetic fibre machines, weaving and
allied machines and systems and systems, processing machines, textile testing
/ measuring instruments, hosiery machines and needles, accessories, spares
and components thereof. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a multinational company incorporated in the year 10th
April 2015 in India. The subject is to set up a textile and spinning machinery
manufacturing unit with an investment of Rs. 4100.000 Million (UDS 62.253
Million) at Vasanthanarapura Industrial Area in Tumakuru district. The same
was cleared by the Karnataka State High-Level Clearance Committee on
September 14, 2015. Mr. Prabhat (Accounts Department) denied to provide any information
about the subject to us. However, being newly incorporated initially it can be considered for
business dealings with some caution. However, in view of strong holding along
with brand recommendation of “TOYOTA GROUP”, the future prospect may be
satisfactory for the company. |
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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Prabhat |
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Designation : |
Accounts Department |
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Contact No.: |
91-8110419555 |
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Date : |
08.12.2015 |
LOCATIONS
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Registered Office : |
Plot No 10-13, Jigani Industrial Area, Phase II, Jigani, Bangalore –
560105, Karnataka |
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Tel. No.: |
91-8110419555 |
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Mobile No.: |
91-8110419555 (Mr. Prabhat) |
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Fax No.: |
91-8110419519 |
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E-Mail : |
prabhat@kttm.toyota-industries.com
k.ishibashi@kttm.toyota-industries.com
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Website : |
DIRECTORS
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Name : |
Mr. Vikram Shreekant Kirloskar |
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Designation : |
Additional Director |
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Address : |
Kirloskar Residence, Kirloskar Business Park, Bellary Road, Hebbal, Bangalore - 560024, Karnataka, India |
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Date of Appointment : |
01.11.2015 |
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DIN No.: |
00007907 |
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Name : |
Masafumi Kunito |
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Designation : |
Managing Director |
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Address : |
No 705, 7th Floor, Olmpus Tower II, Prestige, Acropolis, No-20,Housur Road, Koramanagala, Bangalore - 560029, Karnataka, India |
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Date of Appointment : |
01.11.2015 |
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DIN No.: |
02685172 |
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Name : |
Susumu Toyoda |
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Designation : |
Additional Director |
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Address : |
177, Hachimanyama, Tenpaku-Ku, Nagoya-Shi, Aichi, Japan - 4680074, India |
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Date of Appointment : |
01.11.2015 |
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DIN No.: |
03583641 |
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Name : |
Mr. Nagaraj Ramachar Thali |
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Designation : |
Whole-Time Director |
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Address : |
#115, 4th Main, 5th Cross, 7th Block, 4th Phase, BSK 3rd Stage, Bengaluru - 560085, Karnataka, India |
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Date of Appointment : |
16.04.2015 |
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DIN No.: |
06716880 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Prabhat Joshi |
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Designation : |
Accounts Department / Secretary |
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Address : |
#33, 13th Main, Jagruti Colony, 7th Phase, J P Nagar, Bangalore - 560078, Karnataka, India |
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Date of Appointment : |
01.11.2015 |
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PAN No.: |
AKJPJ6837H |
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Name : |
Mr. Chandra Shekhar |
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Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 06.04.2015
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Names of Shareholders |
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No. of Shares |
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Massaki Furukawa |
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1999999 |
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Total |
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1999999 |
As on 08.04.2015
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Names of Shareholders |
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No. of Shares |
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Koji Inshiboshi |
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1 |
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Total |
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1 |
LIST OF ALLOTTEES
As on 01.11.2015
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Names of Allottees |
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No. of Shares |
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Toyota Industries Corporation, Japan |
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288041370 |
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Kirloskar Systems Limited, India |
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3351012 |
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Total |
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291392382 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of dealing in all varieties and sizes of textile machinery
including spinning and allied machines, synthetic fibre machines, weaving and
allied machines and systems and systems, processing machines, textile testing
/ measuring instruments, hosiery machines and needles, accessories, spares
and components thereof. |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Price Warehouse Chartered Accountants LLP Chartered Accountants |
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Address : |
5th Floor, Tower D, The Millenia, 1 and 2, Murphy Road,
Ulsoor, Bangalore – 560008, Karnataka, India
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Tel. No.: |
91-80.40795000 |
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Fax No.: |
91-80-40795222 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint Venture Promoted by the Kirloskar Group : |
India and Toyota Industries Corporation, Japan |
CAPITAL STRUCTURE
As on 01.11.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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310000000 |
Equity Shares |
Rs.10/- each |
Rs.3100.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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293392382 |
Equity Shares |
Rs.10/- each |
Rs.2933.924
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
Yes |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
Yes |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
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30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
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34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PRESS RELEASE
TOYOTA INDUSTRIES INDIA
IS TO SET-UP A NEW TEXTILE AND SPINNING MILL
The proposal of Toyota Industries India Private Limited to set up a textile and spinning machinery manufacturing unit with an investment of Rs 410 crore (USD 62.253 million) at Vasanthanarasapura Industrial Area in Tumakuru district was cleared by the Karnataka State High-Level Clearance Committee on September 14, 2015
The proposed unit, which was cleared by the SHLCC chaired by Chief Minister Siddaramaiah, will provide employment to 800 people. The total number of projects that have got approval in 2015-16 by the SHLCC touched 78 with an investment of Rs. 24,018.99 crore (USD 3647 million). Together, all 78 projects are expected to create 16,328 jobs.
In all, since May 2013, the government has approved industrial projects with total investment of Rs 1.20 lakh crore (USD 182 million) with employment potential for according to a release from the Commerce and Industries Department.
Toyota Industries is a Japanese machine maker. Originally a manufacturer of automatic looms. Toyota Industries is active in 5 business areas: automotive, materials handling, electronics, logistics and textile machinery.
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.66.75 |
|
|
1 |
Rs.72.89 |
|
Euro |
1 |
Rs.100.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
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|
Analysis Done by
: |
KIN |
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Report Prepared
by : |
SUJ |
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.