MIRA INFORM REPORT
|
Report No. : |
305452 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUZUKI MOTORCYCLE
INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
SUZUKI MOTORCYCLE
INDIA PRIVATE LIMITED [w.e.f. 06.08.2005] INTEGRA OVERSEAS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd
Floor, Plot No.1, Nelson Mandela Road, Vasant Kunj, New Delhi – 110070, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.04.1997 |
|
|
|
|
Com. Reg. No.: |
55-086871 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7815.532 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PTC086871 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DEL104579B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI5832P |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and
Exporter of Two Wheelers and Spare Parts
|
|
|
|
|
No. of Employees
: |
Not Available |
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
31-03-2014.
LOCATIONS
|
Registered Office/ Sales and Marketing Office : |
2nd
Floor, Plot No.1, Nelson Mandela Road, Vasant Kunj, New Delhi – 110070, India
|
|
Tel. No.: |
91-11-26253125 |
|
Fax No.: |
91-11-46075418 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Village Kherki Daula, Badshapur NH 8, Link Road, Behind Haldiram,
Gurgaon - 122004, Haryana, India |
|
Tel. No.: |
91-124-4170700 / 4170725 |
|
Fax No.: |
91-124-4170701/ 4117325 |
DIRECTORS
AS ON 13.08.2013
|
Name : |
Mr. Saqulain
Yasin Siddiqui |
|
Designation : |
Director |
|
Address : |
B-268, Sector –
26, Noida-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00045925 |
|
|
|
|
Name : |
Mr. Ichiro Kondo |
|
Designation : |
Managing Director |
|
Address : |
703/A2, Uniworld City, Gurgaon-122001, Haryana, India |
|
Date of Birth/Age : |
15.12.1961 |
|
Date of Appointment : |
04.11.2010 |
|
DIN No.: |
03309347 |
|
|
|
|
Name : |
Mr. Jun Hashimoto |
|
Designation : |
Whole Time Director |
|
Address : |
Room No.501, Japanses Hostel Cum Restaurant, Opposite To MDI Gate 3,
Adjacent To NH-8, Gurgaon-122001, Haryana, India |
|
Date of Birth/Age : |
20.06.1986 |
|
Date of Appointment : |
21.04.2011 |
|
DIN No.: |
03450324 |
|
|
|
|
Name : |
Mr. Kazuhiko Ayabe |
|
Designation : |
Additional Director |
|
Address : |
Japanese Hotel, Opposite MDI Gate No.3, Adjacent TO NH – 8, Sector 16,
Gurgaon – 122001, Hayrana, India |
|
Date of Birth/Age : |
18.03.1958 |
|
Date of Appointment : |
04.09.2013 |
|
DIN No.: |
02917011 |
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|
|
|
Name : |
Mr. Kenichi Ayukawa |
|
Designation : |
Additional Director |
|
Address : |
34-11, Nakayoshida, Shizuoka, 4228001 |
|
Date of Birth/Age : |
07.10.1955 |
|
Date of Appointment : |
04.09.2013 |
|
DIN No.: |
02262755 |
|
|
|
|
Name : |
Hiroshi Ema |
|
Designation : |
Additional Director |
|
Address : |
Room No. 229, Jukaso IT Suits IT Composite Towers, 1, IDC, Meharauli,
Road, Sector – 14, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
20.12.0956 |
|
Date of Appointment : |
04.09.2013 |
|
DIN No.: |
06680285 |
KEY EXECUTIVES
|
Name : |
Mr. Himani Sharma |
|
Designation : |
Secretary |
|
Address : |
H No.11A, Chattarpur Village, New Delhi-110074, India |
|
Date of Birth/Age : |
07.01.1988 |
|
Date of Appointment : |
25.09.2012 |
|
PAN No.: |
AEDPH9628E |
MAJOR SHAREHOLDERS
As on 13.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Suzuki Motor Corporation, Japan |
|
781553194 |
|
Suzuki Business Corporation, Japan |
|
1 |
|
Suzuki Transportation and Packing company Limited, Japan |
|
1 |
|
Suzuki Consultants Company Limited, Japan |
|
1 |
|
Suzuki Auto Parts Mfg. Company Limited, Japan |
|
1 |
|
Suzuki Motorcycle Sales Inc, Japan |
|
1 |
|
Suzuki Finance Company Limited, Japan |
|
1 |
|
Total |
|
781553200 |
Equity Share Break up (Percentage of Total Equity)
As on 13.08.2013
|
Category |
Percentage |
|
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 : |
Manufacturer and
Exporter of Two Wheelers and Spare Parts
|
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|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Motorcycles / Scooters |
In Nos. |
280000 |
282328 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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||||||||||||
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Facilities : |
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|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
V Sankar Aiyar
and Company Charted
Accountant |
|
Address : |
202-301, Satyam
Cinema Complex, Ranjit Nagar Community, New Delhi – 110008, Delhi, India |
|
Tel. No.: |
91-124-25702074/25702691/25704639 |
|
Fax No.: |
91-124-2549101 |
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PAN No.: |
AAAFV0781D |
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|
|
|
Holding Company : |
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|
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|
Fellow Subsidiaries : |
CIN No.: L34103DL1981PLC011375
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|
Associates : |
|
CAPITAL STRUCTURE
As on 13.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000000 |
Equity Shares |
Rs.10/- each |
Rs. 8500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
781553200 |
Equity Shares |
Rs.10/- each |
Rs. 7815.532
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7815.532 |
7815.532 |
7815.532 |
|
(b) Reserves & Surplus |
(4293.372) |
(3948.894) |
(3937.935) |
|
(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) |
3522.160 |
3866.638 |
3877.597 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.075 |
0.221 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
71.414 |
58.314 |
57.907 |
|
(d) long-term
provisions |
23.738 |
15.430 |
10.990 |
|
Total Non-current Liabilities
(3) |
95.152 |
73.819 |
69.118 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1695.597 |
2155.975 |
1388.879 |
|
(c) Other
current liabilities |
221.796 |
268.138 |
1190.784 |
|
(d) Short-term
provisions |
92.261 |
100.782 |
75.080 |
|
Total Current
Liabilities (4) |
2009.654 |
2524.895 |
2654.743 |
|
|
|
|
|
|
TOTAL |
5626.966 |
6465.352 |
6601.458 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2571.404 |
2352.762 |
1948.783 |
|
(ii)
Intangible Assets |
9.288 |
5.387 |
16.861 |
|
(iii) Capital
work-in-progress |
35.604 |
147.877 |
12.679 |
|
(iv)
Intangible assets under development |
1.001 |
2.340 |
0.389 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
30.912 |
40.621 |
88.654 |
|
(e) Other
Non-current assets |
10.000 |
10.000 |
0.000 |
|
Total Non-Current
Assets |
2658.209 |
2558.987 |
2067.366 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
428.127 |
349.938 |
315.609 |
|
(c) Trade
receivables |
20.596 |
62.292 |
9.056 |
|
(d) Cash
and cash equivalents |
1563.212 |
2411.855 |
3065.819 |
|
(e) Short-term
loans and advances |
771.833 |
961.788 |
906.144 |
|
(f) Other
current assets |
184.989 |
120.492 |
237.464 |
|
Total
Current Assets |
2968.757 |
3906.365 |
4534.092 |
|
|
|
|
|
|
TOTAL |
5626.966 |
6465.352 |
6601.458 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14538.288 |
12246.581 |
|
|
|
|
Other Income |
216.896 |
266.560 |
|
|
|
|
TOTAL (A) |
14755.184 |
12513.141 |
9745.622 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
12550.701 |
10646.651 |
|
|
|
|
Purchases of stock-in-trade |
563.914 |
449.808 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(98.170) |
(113.838) |
|
|
|
|
Employee benefit expense |
396.174 |
285.920 |
|
|
|
|
Other expenses |
1389.465 |
1002.648 |
|
|
|
|
TOTAL (B) |
14802.084 |
12271.189 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
(46.900) |
241.952 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.008 |
5.828 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
(48.908) |
236.124 |
195.819 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
295.569 |
247.084 |
232.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(344.477) |
(10.960) |
(36.327) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-I) (J) |
(344.477) |
(10.960) |
(36.327) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(3948.895) |
(3937.935) |
(3901.608) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(4293.372) |
(3948.895) |
(3937.935) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
1.282 |
|
|
|
Others |
|
|
554.440 |
|
|
TOTAL EARNINGS |
995.548 |
383.871 |
555.722 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
317.827 |
|
|
|
Stores & Spares |
|
|
6.533 |
|
|
|
Machinery and Tools and Dies |
|
|
43.522 |
|
|
|
Traded Motorcycle |
|
|
90.445 |
|
|
TOTAL IMPORTS |
NA |
NA |
458.327 |
|
|
|
|
|
|
|
|
|
|
Earnings/Loss
Per Share (Rs.) |
(0.44) |
(0.01) |
(0.06) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(2.33) |
(0.09) |
(0.37) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.37) |
(0.09) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.21) |
(0.17) |
(0.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10) |
0.00 |
(0.01)S |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
1.55 |
1.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Share Capital |
7815.532 |
7815.532 |
7815.532 |
|
Reserves & Surplus |
(3937.935) |
(3948.894) |
(4293.372) |
|
Net
worth |
3877.597 |
3866.638 |
3522.160 |
|
|
|
|
|
|
long-term borrowings |
0.221 |
0.075 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.221 |
0.075 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
9,745.622 |
12,513.141 |
14,755.184 |
|
|
|
28.398 |
17.918 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total
Income |
9,745.622 |
12,513.141 |
14,755.184 |
|
Profit |
(36.327) |
(10.960) |
(344.477) |
|
|
(0.37%) |
(0.09%) |
(2.33%) |
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 |
Yes |
|
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 |
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 |
PERFORMANCE OF THE
COMPANY
The year ending 31st March 2013, the company has able to achieve the
growth of 18.71% in turnover despite of stagnant in the Automobile Industry.
During the year, the Company has achieved about 18.71% in comparison to 25.66%
increase in last year in the turnover of the two wheeler unit and spares
despite of stiff competition
NOTE: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS:
·
Land –
Free Land
·
Furniture
and Fixture
·
Computers
·
Motor
Vehicles
·
Office
Equipment
·
Quality
Control Equipment
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.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SNT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.