MIRA INFORM REPORT
|
Report No. : |
348978 |
|
Report Date : |
13.11.2015 |
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 |
|
Tel. No.: |
91-11-41802255 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 |
|
|
|
|
Date of
Incorporation : |
17.10.2007 |
|
|
|
|
Com. Reg. No.: |
55-169496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13137.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200DL2007PTC169496 |
|
|
|
|
IEC No.: |
0507068645 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI7552F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and sale of bi-wheelers and
spares. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 27000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
India Yamaha Motor Private limited is a subsidiary of "Yamaha Motor Company" Japan. It is an established company incorporated in the year 2007 having good track. The company has shown significant growth in its turnover and profit during December 2014. The rating also derives strength form its holding company and its experienced management. The rating further also takes consideration company’s established position in motor bicycles and extensive experience of its promoters. Moreover, this rating strength is partially offset by accumulated losses incurred by the company. Trade relations are reported as fair. Business is active. Payments are reported as regular and as per commitments. In view of established market position, the company can be considered normal for business dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (91-120-2350694/91-11-41802255)
LOCATIONS
|
Registered Office : |
First Floor, The Great Eastern Centre, 70, Nehru Place,
Behind IFCI Tower, New Delhi – 110019, India |
|
Tel. No.: |
91-11-41802255 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Manufacturing
facility: |
Location at
|
DIRECTORS
AS ON 16.03.2015
|
Name : |
Takashi Terabayashi |
|
Designation : |
Managing director |
|
Address : |
B-439 New Friends Colony, New Delhi - 110065, India |
|
Date of Birth/Age : |
05.06.1958 |
|
Qualifications: |
Graduate |
|
Experience: |
32 Years |
|
Date of Appointment : |
15.03.2012 |
|
DIN No.: |
05229128 |
|
|
|
|
Name : |
Noriyuki Moriyama |
|
Designation : |
Whole-time director |
|
Address : |
Crowne Plaza, Plot No. 1, Community Center, Phase-I,
Okhla, New Delhi - 110020, India |
|
Date of Appointment : |
13.10.2014 |
|
DIN No.: |
06991095 |
|
|
|
|
Name : |
Kawashima Riuji |
|
Designation : |
Director |
|
Address : |
B-439 New Friends Colony, New Delhi - 110065, India |
|
Date of Birth/Age : |
15.12.1958 |
|
Qualifications: |
Post Graduate |
|
Experience: |
31 Years |
|
Date of Appointment : |
11.02.2011 |
|
DIN No.: |
03425405 |
|
|
|
|
Name : |
Hitoshi Inagaki |
|
Designation : |
Director |
|
Address : |
R-185, SF, Greater Kailash-I, New Delhi - 110048, India |
|
Date of Birth/Age : |
53 Years |
|
Qualifications: |
Graduate |
|
Experience: |
25 Years |
|
Date of Appointment : |
13.10.2012 |
|
DIN No.: |
06452878 |
|
|
|
|
Name : |
Hiroaki Fujita |
|
Designation : |
Director |
|
Address : |
C-9, Second Floor, Panchsheel Enclave, New Delhi - 110017,
India |
|
Date of Appointment : |
19.01.2015 |
|
DIN No.: |
07052823 |
|
|
|
|
Name : |
Hiroyuki Seto |
|
Designation : |
Director |
|
Address : |
2359-13 Umeyama, Fukuroi, Shizuoka, 4371105, Japan |
|
Date of Appointment : |
16.03.2015 |
|
DIN No.: |
07126328 |
KEY EXECUTIVES
|
Name : |
Akriti Yadav |
|
Designation : |
Secretary |
|
Address : |
R-56, Model Town-3, Delhi-110009, India |
|
Date of Appointment : |
14.08.2014 |
|
PAN No: |
ALUPY4516E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.03.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Yamaha Motor Company Limited, Japan |
1115545039 |
84.92 |
|
Yamaha Motor Asia Pte Limited, Singapore |
1111450 |
0.08 |
|
Bussan Automotive Singapore Pte Limited, Singapore |
197057027 |
15.00 |
|
Total |
1313713516 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 16.03.2015
|
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 : |
Subject is engaged in manufacturing and sale of bi-wheelers and
spares. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
|
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company Chartered Accountant |
|
Address : |
Golf View, Corporate Tower, B, Sector 42, Sector, Road,Gurgaon -122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners
with Key management
personnel and their relatives: |
|
|
|
|
|
Fellow Subsidiary
company: |
[U50300DL2005PTC139501]
[U72900DL2002PTC116738]
|
CAPITAL STRUCTURE
AS ON 31.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2210000000 |
Equity Shares |
Rs.10/- each |
Rs. 22100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1313713516 |
Equity Shares |
Rs.10/- each |
Rs.
13137.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13137.100 |
11500.000 |
11500.000 |
|
(b) Reserves & Surplus |
(3638.300) |
(4159.200) |
(4181.600) |
|
(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) |
9498.800 |
7340.800 |
7318.400 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7389.300 |
4139.600 |
2852.300 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
148.400 |
132.400 |
107.400 |
|
(d) long-term provisions |
740.300 |
647.400 |
500.900 |
|
Total
Non-current Liabilities (3) |
8278.000 |
4919.400 |
3460.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
411.700 |
590.600 |
0.000 |
|
(b) Trade payables |
4755.800 |
4046.600 |
2645.100 |
|
(c) Other current liabilities |
6742.500 |
5493.800 |
4767.800 |
|
(d) Short-term provisions |
202.200 |
143.700 |
88.300 |
|
Total
Current Liabilities (4) |
12112.200 |
10274.700 |
7501.200 |
|
|
|
|
|
|
TOTAL |
29889.000 |
22534.900 |
18280.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9643.500 |
9333.700 |
6589.900 |
|
(ii) Intangible Assets |
725.700 |
635.000 |
727.300 |
|
(iii) Capital work-in-progress |
4747.000 |
1469.500 |
1497.100 |
|
(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 |
3586.100 |
1988.400 |
1255.400 |
|
(e) Other Non-current assets |
996.100 |
225.300 |
58.600 |
|
Total
Non-Current Assets |
19698.700 |
13652.200 |
10128.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3849.200 |
3197.300 |
3919.700 |
|
(c) Trade receivables |
626.100 |
568.100 |
870.700 |
|
(d) Cash and cash equivalents |
2023.100 |
2637.200 |
804.900 |
|
(e) Short-term loans and
advances |
3468.600 |
2210.000 |
2078.500 |
|
(f) Other current assets |
223.300 |
270.100 |
477.800 |
|
Total
Current Assets |
10190.300 |
8882.700 |
8151.600 |
|
|
|
|
|
|
TOTAL |
29889.000 |
22534.900 |
18280.200 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
SALES |
|
|
|
|
|
Income |
40375.300 |
34746.900 |
26483.200 |
|
|
Other Income |
1192.700 |
900.400 |
819.500 |
|
|
Increase/(Decrease) in stock |
132.100 |
25.900 |
16.700 |
|
|
TOTAL
|
41700.100 |
35673.200 |
27319.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
39845.400 |
34447.500 |
27391.000 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1854.700 |
1225.700 |
(71.600) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
434.100 |
284.000 |
432.200 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1420.600 |
941.700 |
(503.800) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1096.200 |
919.300 |
592.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
324.400 |
22.400 |
(1096.600) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
324.400 |
22.400 |
(1096.600) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4159.200) |
(4181.600) |
(13584.700) |
|
|
|
|
|
|
|
|
Prior
period expenses |
0.000 |
0.000 |
0.300 |
|
|
|
|
|
|
|
Less: |
Adjusted against Capital Reduction |
0.000 |
0.000 |
(10500.000) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(3834.800) |
(4159.200) |
(4181.600) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.25 |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
0.000 |
755.100 |
431.200 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1406.600 |
4178.200 |
(2542.400) |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.80 |
0.06 |
(4.14) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.59 |
3.53 |
(0.27) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.29 |
0.11 |
(6.53) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.00 |
(0.15) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.82 |
0.75 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
0.86 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
11500.000 |
11500.000 |
13137.100 |
|
Reserves & Surplus |
(4181.600) |
(4159.200) |
(3638.300) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7318.400 |
7340.800 |
9498.800 |
|
|
|
|
|
|
long-term borrowings |
2852.300 |
4139.600 |
7389.300 |
|
Short term borrowings |
0.000 |
590.600 |
411.700 |
|
Current maturities of
long-term debts |
431.200 |
755.100 |
0.000 |
|
Total
borrowings |
3283.500 |
5485.300 |
7801.000 |
|
Debt/Equity
ratio |
0.449 |
0.747 |
0.821 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
26483.200 |
34746.900 |
40375.300 |
|
|
|
31.204 |
16.198 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
26483.200 |
34746.900 |
40375.300 |
|
Profit |
(1096.600) |
22.400 |
324.400 |
|
|
(4.14%) |
0.06% |
0.80% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
RESULTS OF OPERATIONS
The Company achieved Domestic Turnover of Rs. 31595.300 Million (previous year: Rs. 25699.000 Million) and Export Turnover of Rs. 11387.400 Million (previous year: Rs. 11950.200 Million) during the year. The Company earned a Net Profit of Rs. 324.400 Million (previous year: Profit of Rs. 22.400 Million) during the year.
FUTURE PLANS
The Company shall make efforts to improve profitability in the coming year.
CORPORATE INFORMATION
Subject incorporated on October 17, 2007 is a joint venture of Yamaha Motor Company, Japan (YMC) together with its subsidiaries and Busan Automotive Singapore PTE Limited (Nominee of Mitsui and Company Limited, Japan. The Company is engaged in manufacturing and sale of bi-wheelers and spares. The Company undertakes its operations from two manufacturing locations. The Company is in process of setting up a new manufacturing facility in Chennai.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.12.2014 |
As
on 31.12.2013 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from banks |
1311.700 |
0.000 |
|
Other external commercial borrowings |
6077.600 |
4139.600 |
|
SHORT TERM
BORROWING |
|
|
|
Foreign currency term loans from others |
411.700 |
590.600 |
|
Total |
7801.000 |
4730.200 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
Intangible assets
- Goodwill
- Computer software
- Know-how
PRESS RELEASES
INDIA YAMAHA MOTOR TARGETS SALE OF 12 LAKH UNITS BY 2017
APRIL 17, 2015
Subject is targeting 12 lakh unit sales, both scooters and bikes, by 2017 from 5.49 lakh units in 2014. The company also announced new heads for four verticals and launched a motorcycle 'Saluto' through which it is venturing into rural parts of the country.
"New management includes Teraba Yashi who will head India Yamaha Motor Limited (manufacturing), Asano Masaki will head Yamaha Motor India Sales Private Limited (sales), Yasuo Ishihara will head Yamaha Motor RandD India Private Limited (RandD) and H Fujita will head Yamaha Motor India Private Limited and he will also be chairman for all the four companies," said Masaki Asano, CEO and managing director, Yamaha Motor India Sales Limited.
He added, last year, the company launched Alpha, New FZ series and SZ-RR with Blue Core technology which were very well accepted. BLUE CORE is a new engine development concept that will contribute to good mileage, with good riding feeling.
"We recently launched Alpha, Ray Z and Ray with Blue Core technology, improving the mileage to 66kmpl from 62kmpl.We will keep using this as a core concept for developing engines, for all upcoming Yamaha city commuter models".
He was talking at the launch of new motorcycle 'Saluto' for the 125cc segment. The product is priced at Rs 52,000 (ex-Delhi). India Yamaha is targeting 60,000 Saluto in 2015.
Roy Kurian, vice president-marketing and sales at Yamaha Motor India Sales said that Yamaha is strong player in Tier-I and Tier-II markets and urban customers know about the company and have accepted the brand.
"Rural mass market that is one area which we are starting now. Saluto will be the first entry and will go further down to mass segment," said Kurian.
"This will not be a major volume driver, this will give good impetus in those markets," he said.
Asano said the company has set a target to sell around 60,000 units of Saluto during the current year and next year 100,000 units in the domestic market.
Initially, the product will be for domestic market and will be exported later on. Saluto will compete with Honda Shine, Hero Glamour and Bajaj Discover.
"USP of the product will be style, power, durability and reliability", said Kurian.
Kurian said Yamaha set a target of eight lakh units sales in 2015, 10 lakh units in 2016 and 12 lakh units in 2017. He said the sales ratio between scooters and motorcycles would be equal in the years to come. Currently 55% of the sales comes from motorcycles, while the balance from scooter. In 2014, the company sold 5.49 lakh units up by 23% compared to 2013 sales numbers, which was 4.47 units.
To support the sales target the company is planning to add 150 new sales outlets in 2015 and 70% of these outlets will come in tier III and other rural areas. Currently the company has 400 sales outlets in the country.
Speaking about company's new manufacturing unit at Oragadam, near Chennai, Kurian said the plant will be inaugurated next month. First year company plans to manufacture around four lakh vehicles, both motorcycle and scooters, and intend to take it to 1.8 million units by 2018.
The plant will cater to both domestic and export markets. Kurian said Yamaha exports to around 60 countries out of India and the target for the current year is around 250,000 units.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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.666.35 |
|
UK Pound |
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.71.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
51 |
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.
S