MIRA
INFORM REPORT
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Report Date : |
05.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SATA VIKAS INDIA PRIVATE LIMITED |
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Registered Office : |
12-A, Shivaji Marg, New Delhi – 110 015 |
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Country : |
India |
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Date of Incorporation : |
20.06.2007 |
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Com. Reg. No.: |
165006 |
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CIN No.: [Company
Identification No.] |
U27300DL2007PTC165006 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS53900G |
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PAN No.: [Permanent
Account No.] |
AALCS0591G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, Importers, Exporters and Dealers of all types of
Automotive Parts, Agricultural Equipments, Light Engineering and related goods. |
RATING &
COMMENTS
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MIRA’s Rating : |
No Rating |
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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 new company in joint venture with Vikas Group and Sata of
Italy. Trade relations are fair. Payments are unknown. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
12-A, Shivaji Marg, New Delhi – 110 015, India |
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Tel. No.: |
91-11-42070707 |
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Fax No.: |
91-11-2545 1004 |
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E-Mail : |
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Website : |
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Works: |
Plot No.65, Sector 27-A, Faridabad-121 003,Haryana, India |
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Tel. No.: |
91-129-4196000 |
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Fax No.: |
91-129-4196196 |
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E-Mail : |
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Corporate Office: |
RPS Vikas Castings Private limited |
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Address: |
Plot no. 73/8, Mathura Road, Mintol (Village), Aurangabad, Hodal (Tehsil),
Faridabad – 121 008, Haryana, India |
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Tel. No.: |
91-129-4196103 |
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Fax No.: |
91-129-4196196 |
DIRECTORS
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Name : |
Mr. Praveen Agarwal |
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Designation : |
Director |
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Address : |
89, Sunder Nagar, Delhi – 110 003, India |
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Date of Birth/Age : |
03.09.1953 |
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Name : |
Mr. Abhimanyu Sharaf |
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Designation : |
Director |
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Address : |
A-11, Anand Niketan, New Delhi – 110 021, India |
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Date of Birth/Age : |
31.10.1981 |
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Name : |
Mr. Michele Antonio Cinotto |
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Designation : |
Director |
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Address : |
Via Mazzini, 54 10087, Valperga, Torino |
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Date of Birth/Age : |
06.01.1959 |
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Name : |
Mr. Giuseppe De Marco |
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Designation : |
Director |
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Address : |
Via De Gasperi 23, San Maurizio, Canavese, Torino |
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Date of Birth/Age : |
25.10.1950 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Praveen Agarwal |
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5000 |
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Mr. Abhimanyu Sharaf |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Importers, Exporters and Dealers of all types of
Automotive Parts, Agricultural Equipments, Light Engineering and related
goods. |
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Products : |
v Wobble Plate Compressors v Scroll Compressors v Printed Circuit Flat Motors v Receiver Dryers v HVAC Unit v Condensers v Evaporators v Houses pipes v Blowers |
GENERAL
INFORMATION
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Customers : |
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Bankers : |
Not Available |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Sanden Vikas India Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Website Details
Attached:
ABOUT SANDEN VIKAS
In 1982, before the widespread use of Air-Conditioning systems in India, Vikas Group saw the potential for automotive air - conditioning, and entered into a Joint Venture with Sanden Corporation of Japan to establish manufacturing facilities for world class Sanden Car Air-Conditioning Systems in India. Thus Sanden Vikas (India) Limited, was born, for which the manufacturing facilities were set up at Faridabad, in the state of Haryana. The first supplies started with Maruti 800 and Omni Van. Over the last two decades, Sanden Vikas and its group established/enhanced production facilities to manufacture NON-CFC Air conditioning parts like Compressors, HVACs, Blowers, Receiver Driers and Hoses Pipes.
The group also established manufacturing facilities for Heat Exchangers with modern technology of NOCOLOC BRAZING process.
Huge facilities for Sheet Metal Plastics and Machining were also established.
Encouraged by the customer response, Sanden Vikas expanded it's customer base as follows:
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CUSTOMER |
MODEL |
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MARUTI-SUZUKI |
Alto, Versa, Zen Estilo |
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GENERAL MOTORS |
Opel, Corsa |
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HONDA-KEIHIN |
Honda City |
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FIAT INDIA |
Uno & Palio |
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TATA MOTORS |
Sumo |
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MAHINDRA & MAHINDRA |
Bolero |
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HINDUSTAN MOTORS |
Ambassador |
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SAN MOTORS |
Storm |
Over the last 20 years, Sanden Vikas has established a very strong R&D team with:
v Capability to design, develop, prototype and test the aircon systems (as per Indian weather conditions) for world class cars.
v Full CAD/CAM facilities.
v Trained manpower.
The company and group have very strong focus on quality and customer satisfaction and accredited with ISO 9001, QS 9000, ISO 14001 and TS 16949. The Company has minimum criteria of ISO 9001 certification for all its vendors in order to deliver quality product to its customers.
EXPERIENCE THE
INTERNATIONAL COOLING EDGE
Sanden's equity participation and technical collaboration
with Sanden Vikas is your assurance that you get nothing short of the best
available anywhere in the world. Till date, all quality control and training
functions are conducted under the vigilant eyes of expert Japanese Engineers.
So, remember, the only way to get the true advantage of Sanden's Technology is
to insist on the complete Sanden car AC System. And don't settle for anything
less.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.45 |
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UK Pound |
1 |
Rs. 81.12 |
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Euro |
1 |
Rs. 58.20 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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