MIRA INFORM REPORT
|
Report No. : |
308562 |
|
Report Date : |
19.02.2015 |
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) : |
31.12.2013 |
|
|
|
|
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
: |
Subject is engaged in Manufacturing and Selling of Bi-Wheelers and Spares. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 30000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘YAMAHA MOTOR COMPANY, JAPAN’. It is a
well-established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and huge accumulated losses incurred by the company. However, the company gets good financial and managerial support from
its parent company. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of strong holding company support, 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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Amit Bajaj |
|
Designation : |
Senior Manager – Finance |
|
Contact No.: |
91-991006020 |
|
Date : |
17.02.2015 |
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 |
|
Mobile No.: |
91-991006020 (Mr. Amit Bajaj) |
|
Fax No.: |
91-11-41802200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office / Corporate Office / Development Centre 1: |
A3, Industrial Area, Noida Dadri Road, District 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 |
|
|
|
|
Development Centre
2: |
19/6, Mathura Road, Faridabad – 121006, Haryana, India |
|
Tel. No.: |
91-129-2222083, 4006595 |
|
Fax No.: |
91-129-4013957, 2284841 |
DIRECTORS
AS ON 15.04.2014
|
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 : |
19.11.2010 |
|
Date of cessation : |
19.01.2015 |
|
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 |
|
Date of cessation : |
21.07.2014 |
|
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 |
|
Date of cessation : |
21.07.2014 |
|
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 |
|
Date of cessation : |
21.07.2014 |
|
DIN No.: |
05229118 |
|
|
|
|
Name : |
Takashi Terabayashi |
|
Designation : |
Managing 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 : |
21.07.2014 |
|
DIN No.: |
05229128 |
|
|
|
|
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 |
|
Date of cessation : |
21.07.2014 |
|
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 Years |
|
Date of Appointment : |
13.10.2012 |
|
Date of cessation : |
21.07.2014 |
|
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 : |
12.03.2013 |
|
DIN No.: |
06452878 |
|
Name : |
Tadashi Tsumabuki |
|
Designation : |
Director |
|
Address : |
2-12-8, Nishihara, Shibuyaku, Tokyo – 1510066, Japan |
|
Date of Birth/Age : |
29.10.1961 |
|
Date of Appointment : |
15.04.2014 |
|
Date of cessation : |
13.10.2014 |
|
Passport No.: |
06619557 |
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 |
|
Name : |
Mr. Amit Bajaj |
|
Designation : |
Senior Manager – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.04.2014
|
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 15.04.2014
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 : |
Subject is engaged in Manufacturing and Selling of Bi-Wheelers and Spares. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
|
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Exports : |
Not Divulged |
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|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|
|
|
|
Customers : |
Not Divulged |
|
|
|
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
IDBI Trusteeship
Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard
Estate, Mumbai - 400001, Maharashtra, India |
|
|
|
|
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: |
|
CAPITAL STRUCTURE
AFTER 15.04.2014
Authorised Capital :
Rs.22100.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.13137.135 Millions
AS ON 31.12.2013
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 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11500.0000 |
11500.000 |
13100.000 |
|
(b) Reserves & Surplus |
(4159.200) |
(4181.600) |
(13584.700) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
7340.800 |
7318.400 |
(484.700) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4139.600 |
2852.300 |
1074.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
132.400 |
107.400 |
98.700 |
|
(d) long-term
provisions |
634.700 |
500.900 |
412.400 |
|
Total Non-current
Liabilities (3) |
4906.700 |
3460.600 |
1585.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
590.600 |
0.000 |
1557.300 |
|
(b) Trade
payables |
4061.500 |
2645.100 |
3391.600 |
|
(c) Other
current liabilities |
5493.800 |
4767.800 |
5972.100 |
|
(d) Short-term
provisions |
141.500 |
88.300 |
152.800 |
|
Total Current
Liabilities (4) |
10287.400 |
7501.200 |
11073.800 |
|
|
|
|
|
|
TOTAL |
22534.900 |
18280.200 |
12174.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9333.600 |
6589.900 |
4128.400 |
|
(ii)
Intangible Assets |
635.000 |
727.300 |
393.500 |
|
(iii)
Capital work-in-progress |
1469.600 |
1497.100 |
456.400 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.300 |
0.300 |
0.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1988.400 |
1255.400 |
296.800 |
|
(e) Other Non-current
assets |
225.300 |
58.600 |
0.200 |
|
Total Non-Current
Assets |
13652.200 |
10128.600 |
5275.600 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3197.300 |
3919.700 |
3151.700 |
|
(c) Trade
receivables |
568.100 |
870.700 |
889.200 |
|
(d) Cash
and cash equivalents |
2637.200 |
804.900 |
761.200 |
|
(e)
Short-term loans and advances |
2210.000 |
2078.500 |
1678.300 |
|
(f) Other current
assets |
270.100 |
477.800 |
418.200 |
|
Total
Current Assets |
8882.700 |
8151.600 |
6898.600 |
|
|
|
|
|
|
TOTAL |
22534.900 |
18280.200 |
12174.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
34746.900 |
26483.200 |
23329.600 |
|
|
|
Other Income |
900.400 |
819.500 |
835.900 |
|
|
|
TOTAL (A) |
35647.300 |
27302.700 |
24165.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
34421.600 |
27374.400 |
25637.800 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1225.700 |
(71.600) |
(1472.300) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
284.000 |
432.200 |
459.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
941.700 |
(503.800) |
(1932.000) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
919.300 |
592.800 |
484.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
22.400 |
(1096.600) |
(2416.600) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
22.400 |
(1096.600) |
(2416.600) |
|
|
|
|
|
|
|
|
|
Less/ Add |
Prior period
expenses |
0.000 |
0.300 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4181.600) |
(13584.700) |
(11168.000) |
|
|
|
|
|
|
|
|
|
Less |
Adjusted against
Capital Reduction |
0.000 |
(10500.000) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(4159.200) |
(4181.600) |
(13584.600) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
11950.200 |
8359.400 |
6468.400 |
|
|
TOTAL EARNINGS |
11950.200 |
8359.400 |
6468.400 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
268.500 |
2742.000 |
410.400 |
|
|
|
Raw materials, packing material and components |
2385.200 |
155.500 |
2141.000 |
|
|
|
Store, spare parts and tools |
85.600 |
28.700 |
187.500 |
|
|
|
Trading goods |
1.600 |
1.100 |
32.100 |
|
|
TOTAL IMPORTS |
2740.900 |
2927.300 |
2771.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.02 |
(0.95) |
(1.84) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
0.06
|
(4.02)
|
(10.00)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.06
|
(4.14)
|
(10.36)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.11 |
(6.53) |
(20.62)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.15) |
4.99
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.64
|
0.39
|
(5.43)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
1.08 |
0.62
|
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
13,100.000 |
11,500.000 |
11,500.000 |
|
Reserves & Surplus |
(13,584.700) |
(4,181.600) |
(4,159.200) |
|
Net
worth |
(484.700) |
7,318.400 |
7,340.800 |
|
|
|
|
|
|
long-term borrowings |
1,074.000 |
2,852.300 |
4,139.600 |
|
Short term borrowings |
1,557.300 |
0.000 |
590.600 |
|
Total
borrowings |
2,631.300 |
2,852.300 |
4,730.200 |
|
Debt/Equity
ratio |
(5.429) |
0.390 |
0.644 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
23,329.600 |
26,483.200 |
34,746.900 |
|
|
|
13.518 |
31.204 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
23,329.600 |
26,483.200 |
34,746.900 |
|
Profit/(Loss) After Tax |
(2,416.600) |
(1,096.600) |
22.400 |
|
|
(10.36%) |
(4.14%) |
0.06% |
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 |
No |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 LOAN
|
PARTICULARS |
31.12.2013 (Rs.
In Millions) |
31.12.2012 (Rs.
In Millions) |
|
Long Term
Borrowing |
|
|
|
Other external commercial borrowings |
4139.600 |
2852.300 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Foreign currency term loans from banks |
590.600 |
0.000 |
|
Total |
4730.200 |
2852.300 |
RESULTS OF OPERATIONS
The Company
achieved Domestic Turnover of Rs. 25699.000 Millions (previous year: Rs.
20275.100 Millions) and Export Turnover of Rs. 11950.200 Millions (previous
year: Rs. 8359.400 Millions) during the year. The Company earned a Net Profit
of Rs. 22.400 Millions (previous year: Loss of Rs. 1096.600 Millions) during
the year.
FUTURE PLANS
The Company shall
make efforts to improve profitability in the coming year.
SEGMENT REPORTING
IDENTIFICATION OF
SEGMENTS
Business Segment
The Company’s operating businesses are organized and managed separately according to the nature of products and services provided. The company operates in single segment of manufacturing and sale of bi-wheelers and spares.
Geographical Segment
The analysis of geographical segments is based on the geographical location of the customers. The company operates in two geographical segments i.e. India and outside India.
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
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 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.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.