MIRA
INFORM REPORT
|
Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
AVL INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Office Unit, 1-3, CSC C-9, Vasant Kunj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
28.04.1984 |
|
|
|
|
Com. Reg. No.: |
55-18045 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1984PTC018045 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELA00538G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACA0382J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Smokemeter, Di-gas Analysers, Dyno Systems and Other systems. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 273260 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory track. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Office Unit, 1-3, CSC C-9, Vasant Kunj, |
|
Tel. No.: |
91-11-26121791 |
|
Fax No.: |
91-11-26122809 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Commercial |
|
|
|
|
Factory / Technical Centre : |
376-377, Udyog Vihar, Phase IV, Gurgaon – 122015, Haryana |
|
Tel. No.: |
91-124-2455277 to 81, 5090300 |
|
Fax No.: |
91-124-2455273 |
|
E-Mail : |
|
|
Location : |
Industrial |
|
|
|
|
Branches : |
·
6/1, Tel. : 91-33-24753529 Email : psn@cal2.vsnl.net.in ·
8, A1-Moonz Tel .: 91-22-26288690/26705843 Fax : 91-22-26211658 Email: avlbby@satyam.net.in ·
No7., Kunal Puram, 392/393/2 , Fax: 91-20-271 49 Ext. 750 EMail: avlpune@satyammail.com ·
213, ·
11/1, 1st Floor, Savitha Sadan, 5th Cross, Phone: 91-80-2223 5609 Fax: 91-80-515 29 231 eMail: avlblore@vsnl.net ·
30 A/2, Fax: +91 44 282 Ext. 32590 eMail: avlchn@vsnl.net |
DIRECTORS
|
Name : |
Mr. Shashi Singh |
|
Designation : |
Managing Director |
|
Address: |
E-2/9 Ground Floor Vasant Vihar, |
|
Date of Birth/Age : |
15.11.1947 |
|
Date of Appointment : |
22.05.1984 |
|
|
|
|
Name : |
Mr. Helmut List |
|
Designation : |
Director |
|
Address: |
Opernring 6/1, A-8010 |
|
Date of Birth/Age : |
20.12.1941 |
|
Date of Appointment : |
28.04.1984 |
|
|
|
|
Name : |
Mr. Johann Stubenberg, |
|
Designation : |
Director |
|
Address: |
Gliechenberg Dorf No.2 A-8344, Bad |
|
Date of Birth/Age : |
04.10.1940 |
|
Date of Appointment : |
29.11.1990 |
|
|
|
|
Name : |
Mr. Brijendra Singh |
|
Designation : |
Director |
|
Address: |
126 D, Chanakyapuri, |
|
Date of Birth/Age : |
04.07.1944 |
|
Date of Appointment : |
29.11.1990 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address: |
Furstenstandweg 9, 8051, |
|
Date of Birth/Age : |
02.04.1945 |
|
Date of Appointment : |
31.03.1999 |
|
|
|
|
Name : |
Mr. Ravishankar Sharkaran |
|
Designation : |
Alternate Director to Mr ,Maj Brijendra Singh |
|
Address: |
127 D. Pocket –I, Phase – I, Mayur Vihar, |
|
Date of Birth/Age : |
10.07.1961 |
|
Date of Appointment : |
26.10.2002 |
|
|
|
|
Name : |
Mr. Anil Dass |
|
Designation : |
Director |
|
Address: |
126, Malcha Marg, Chanakypuri, |
|
Date of Birth/Age : |
28.02.1955 |
|
Date of Appointment : |
31.12.2006 |
|
Directorship in other companies: |
· CIN of the Company U74210DL1999PTC100132 Name of the Company: AVL Technical Centre Private limited Designation: Director · CIN of company: U74899DL1990PTC040770 Name of Company: AVL India Softwarers Private Limited Designation: Director |
KEY EXECUTIVES
|
Name : |
Ms. Anupama Batra |
|
Designation : |
Company Secretary |
|
Date of Birth/Age : |
12.09.1969 |
|
Date of Appointment : |
22.03.2001 |
|
|
|
|
Name : |
Mr. Grover Ahuja and associates |
|
Designation : |
Company secretary |
|
Address: |
307, Welcome Chambers, 13/10 W E A, Saraswati Marg, Karol
Bagh, |
|
Tel No: |
91-11-41547296 |
|
Fax No: |
91-11-25730034 |
|
E Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Sowar Private Limited |
|
52,000 |
|
AVL Holding GmbH ( |
|
78,000 |
|
|
Total
|
130,000 |
Equity shares breakup (percentage of total equity)
|
Sr. No. |
Category |
Percentage |
|
1 |
Foreign holdings (Foreign Institutional investor(s),
foreign companie(s), foreign Financial institution(s), Non – resident
Indian(s) or Overseas corporate bodies or others |
60.00 |
|
2 |
Bodies corporate |
40.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Smokemeter, Di-gas Analysers, Dyno Systems
and Other systems. |
GENERAL INFORMATION
|
No. of Employees : |
200 |
|
|
|
|
Bankers : |
· Deutsche Bank · ICICI Bank Limited · Centurion Bank of Punjab Limited Address: M-39,
Connaught Circus, E |
|
|
|
|
Facilities : |
The subject is enjoying credit facilities with Deutsche
Naka and also availed foreign current loan. |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
A Puri and Associates Chartered Accountants |
|
Address : |
1-A-C, |
|
Tel. No.: |
91-11-23313225/23329959 /23310228 |
|
Fax No.: |
91-11-23313908/23731220 |
|
|
|
|
Holding companies:
|
AVL Holding GMBH |
|
|
|
|
Associates/Subsidiaries : |
· Name of the Company: AVL India Software Private Limited Legal Status: Private Limited Company Date of Incorporation : Line of Business: Development of
e-business Software. The subject is a joint venture with AVL List GmbH, Address : 376-377 Udyog vihar, Phase – IV, Gurgaon – 120015, Haryana Tel.: 91-124-5090300 Fax: 91-124-2455273 Website: http://www.avl.com · Name of the company: AVL Technical Centre Private Limited Legal Status: Private Limited Company Date of Incorporation : Brief about the Company: In the year 2002, AVL established its state of the art Technical Centre. This centre is equipped with engine dynamometers, emission systems, chassis dynamometers and simulation technologies. The fields of work include 2-3 wheelers, passenger cars, light commercial vehicles, and industrial engines. The services include development of engines and powertrains, Baseline testing, durability testing, emission limits and many other specialized services in tight cooperation with the clients. · Sowar Consultants Private Limited · Sowar Private Limited ·
AVL List Gmbh, ·
AVL Ditest Farhrzendiagnose ·
Pier Burg Instr. ·
AVL Zoellner ·
AVL |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity shares |
Rs.100/- each |
Rs. 15.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
130000 |
Equity shares |
Rs.100/- each |
Rs.13.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
13.000 |
13.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
55.315 |
35.315 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
68.315 |
48.315 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
75.399 |
98.212 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
75.399 |
98.212 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
143.714 |
146.527 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
68.085 |
73.021 |
|
|
Capital work-in-progress |
|
0.000 |
0.385 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
10.847 |
10.837 |
|
|
DEFERREX TAX ASSETS |
|
2.155 |
1.340 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
48.685 |
39.877 |
|
|
Sundry Debtors |
|
88.863 |
95.782 |
|
|
Cash & Bank Balances |
|
27.333 |
19.544 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
66.562 |
56.211 |
|
Total
Current Assets |
|
231.443 |
211.414 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
143.265 |
132.286 |
|
|
Provisions |
|
25.551 |
18.184 |
|
Total
Current Liabilities |
|
168.816 |
150.470 |
|
|
Net Current Assets |
|
62.627 |
60.944 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
143.714 |
146.527 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
|
340.931 |
NA |
|
|
Other Income |
|
0.000 |
NA |
|
|
Total Income |
|
340.931 |
NA |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
34.349 |
NA |
|
|
Provision for Taxation |
|
14.349 |
NA |
|
|
Profit/(Loss) After Tax |
|
20.000 |
NA |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
Commission |
|
23.102 |
14.097 |
|
|
Marketing Technical and other Services |
|
0.000 |
0.876 |
|
|
FOB Value of exports |
|
1.082 |
1.730 |
|
|
Reimbursement of expenses |
|
7.639 |
5.810 |
|
Total Earnings |
|
31.823 |
22.513 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
|
63.674 |
45.812 |
|
|
Stores & Spares |
|
13.356 |
6.061 |
|
|
Capital Goods |
|
0.872 |
0.579 |
|
Total Imports |
|
77.902 |
52.452 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Financial charges |
|
3.158 |
NA |
|
|
Depreciation |
|
8.510 |
NA |
|
Total Expenditure |
|
11.668 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
5.86 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
10.07 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
11.46 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.50 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.57 |
5.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.37 |
1.40 |
LOCAL AGENCY FURTHER INFORMATION
Form 8
|
Corporation identity number or foreign company registrations number of
the company |
U74899DL1984PTC018045 |
|
Name of the company |
AVL INDIA PRIVATE LIMITED |
|
Address |
Office Unit, 1-3, CSC C-9,
Vasant Kunj, |
|
This Form is for |
Creation of charge |
|
Type of Charges |
Others i.e. II Charge on FA of the company
|
|
Particular of the charge holder
|
Centurion Bank of Punjab Limited Address: M-39, Connaught Circus, E |
|
Nature or description of the instrument creating charge |
Letter ceding second charge from Raiffesen
Zentralbank Osterreich AG, Beijing Branch dated 20.03.06 |
|
Date of the instrument creating charge |
20.03.2006 |
|
Amount Secure by the charge |
Rs.45.000 millions |
|
Brief of the principal terms and conditions and extent and operation
of the charge |
Second charge on fixed assets of the company
including land and building and equipments situated at 376 and 377 Udyog
Vihar - PhaseIV Gurgaon is to secure the credit facilities sanctioned to the
company to the extent of Rs. 45.000 millions. The title deeds remain with
first charge holder Raiffesen Zentral Bank Osterreich AG, Beijing Branch. |
|
Description of the property charge whether it is a charge on |
· Immovable properties · Plant and Machinery · Others |
|
Particulars of the Property charged
|
Second charge on land and building And equipments
situated at 376 -377, Ud yog Vihar, phase –IV, Gurgaon – 122 015. the title
deeds remain with first charge holder Raiffesen Zentral Bank Osterreich AG,
Beijing Branch. |
PRESS CLIPPINGS:
Auto industry to access
global standard AVL tests in India
Corporate Bureau
25 October 2002
The centre is set up for the development, improvement and testing of engines and vehicles. It will allow AVL to conduct a full range of power-train design, development and validation programmes and work with local and international component and system suppliers. The centre will also provide a full range of training, application and other onsite support activities.
The centre will facilitate the liaison between Indian customers and AVL. It will work in close cooperation with OEM’s and suppliers, with a view to gain a better understanding of project parameters. It will also shorten project execution time and thus achieve faster results with an optimum utilisation of resources.
The
full advantage of having a world-class automotive solutions provider at the
doorstep of OEM’s importer and the automotive supplier base in
Expressing her views at the inauguration, Dikshit said: “This technical centre is a boon for the automobile industry as it will facilitate it in designing, developing and testing of products. We hope that through this centre AVL is now more accessible to the Indian clientele.”
The
AVL technical centre in
Says The Company managing director Shashi Singh: “We are very happy to come close to our clients by opening the technical centre. Our centre in Gurgaon is fully equipped with the latest technology and has a very qualified staff. The team, which derives its extensive experience from industrial companies as well as component and system suppliers, is ready to respond to the requirements of individual client programmes.”
Engineering
capabilities at the AVL technical centre include design, analysis and simulation
of power-train and engine components by engineers trained in the AVL facility
in
A
joint venture with AVL List GmbH.
The Company started production of all such equipment in 1992 at their manufacturing facility, which is rated at par with those in AVL Austria. The Company has a 100-per cent export-oriented software development unit, namely The Company Software Private Limited. This unit is engaged in development and export of state of art software for instrumentation and engine test systems.
AVL
is a multinational company with more than 2,300 employees and affiliates in 30
countries around the globe. All of whom are connected to its headquarter in
19th International
AVL Conference „Engine and Environment“
The Hybrid Full, Mild,
Micro – Which System will Win the Race? Powertrain Configurations Unlimited ?
Approximately 340 experts from 17 nations came to the by now
19th AVL conference “Engine and Environment” which took place at the
Helmut-List-Halle in
AVL has been active in the development of hybrid drives for
over 15 years and has expanded capacity significantly in recent years to meet a
rapidly increasing demand for development and testing solutions. Over 70 hybrid
powertrain development and testing projects have been completed by AVL
engineering centres in Europe and the
Conference "Engine and Environment" since 1988
In the year 1988 AVL established “Engine and Environment” as an independent, neutral and international platform. Their goal was to promote the interdisciplinary discussion of major issues of engine and vehicle technology in a broader social context - environment and energy issues as well as legal background. Main issues of modern engine and vehicle technology are explored beyond the headlines of the day and new approaches for the future are formulated.
Outlook on next year: Anniversary conference 20 years Engine and Environment
September 11-12, 2008 regarding the topic „120 g CO2 /km - What about driving
fun and costs?”
High-Tech Company AVL
AVL is the world’s largest privately-owned and independent company for the development of powertrain systems with combustion engines as well as instrumentation and test systems. The high-tech company AVL employs 3,640 people worldwide. Turnover in 2006 was 537 million Euro. Close contact with the customer is guaranteed through affiliates and representatives in all major countries worldwide.
OTHER INFORMATION:
The subject is also manufacturing custom built equipment dyno system and other system reagents.
Subject imports raw materials and spares.
Subject reportedly exports its finished and sells in the domestic market.
Certification : ISO 9001 Certified Company.
AVL Diagnostic Equipment Unit:
This unit supplies and services Gas analysers, Smoke testers, special instruments like engine analysers, RPM measurement and related software to the IandM market. It has more than 3500 customers spread across the government, retail and OEM.
AVL Instrumentation Systems Unit:
This unit delivered complex testing solutions on emissions, durability, performance, fuel and lub testing and development of power train across all major automotive hubs.
AVL Powertrain Business Unit :
This unit has worked closely with many OEMs in engine development to meet emissions norms, targets on fuel consumption and many other customized engine development programmes.
AVL Group Turnover : 471 Million Euro in 2004
WEBSITE DETAILS:
AVL History
1946
Prof. Dr. Hans List started up as an independent engineer.
1948
A team of diesel engine construction experts headed by Prof. Dr. Hans List got together to set up IBL ("Ingenieurbüro List" or List Engineering).
1949
Even the first diesel engines were a resounding success.
They went into mass-production at the Jenbach production plant in the Tyrol and
Andritz mechanical engineering plant in
1951
IBL became AVL - "Anstalt für Verbrennungskraftmaschinen", Prof. Dr. Hans List (or Institute for Internal Combustion Engines).
1952
The central research premises were established in Kleiststraße with funds from the Marshall Plan. This is still the group's management headquarters and the heart of the company's R and D activities.
1958
The first direct-injection 4-stroke diesel engines with swirl ducts were developed for trucks. These gradually superseded the 2-stroke and 4-stroke pre-chamber engines that were hitherto the norm.
1960
AVL initially became involved in engine instrumentation for its own purposes, manufacturing such instruments as quartz pressure transducers, monitoring and control units, instruments for engine indicating etc. So it was that the group's second division - AVL Engine Instrumentation - was born.
1963
Concentrated further development of diesel engine engineering resulted in the 2250 HP, 18-cylinder, 2-stroke diesel engine.
1964
The first engine acoustics test bed was installed at Kleiststraße.
1965
The international success of AVL's measuring instruments
meant that very soon quartz pressure transducers, gravimetric fuel meters,
smoke testers and complete engine indication systems were being mass produced.
The successes and experience gained in engine instrumentation were applied to
medical tasks resulting in the first blood gas analyzer.
1969
The first fully automatic, digital test bed went into operation at AVL. The central element was still a punch card-operated computer. A true piece of pioneering. The revolutionary system made even comprehensive data acquisition possible as well as additional measurement tasks, monitoring functions and evaluations.
1970
Another milestone at AVL was the development of the encapsulation technology for silencing engines. AVL sold its first fully automatic test beds thus marking its international breakthrough. Subsidiaries were founded all around the world.
1972
The advent of computer-controlled indicating on the test bed represented a quantum leap in evaluation accuracy and speed.
1976
In 1974, AVL decided to develop DI diesel engines for passenger cars. The first prototype of a light diesel engine was presented in 1976. This direct injection engine had unit injectors, a monoblock and an oil-wetted, decoupled lower encapsulation.
1978
With its PUMA test bed software, AVL soon gained an international reputation for its comprehensive modular test bed solutions.
1979
Helmut List took the chair of the management of the entire company.
The M1 series for passenger car DI diesel engines were designed. The top-of-the-range model of this monoblock series was a 3.2-litre, 6-cylinder in-line engine with 182 HP (134 kW).
1980
With the development of its ultra-light clamp-on transducers for recording expansions in the injection line, AVL succeeded in making a breakthrough in diesel engines diagnostics.
1981
AVL started to use Laser Doppler Anemometry (LDA) technology for contact-free measurement of in-cylinder flow phenomena.
1982
AVL provided the first real-time glimpse of the combustion phenomena of diesel engines with its high-speed endoscope photography (at 22,000 images per second).
1983
AVL was the first company to market a product family of thyristor-controlled asynchronous machines (APA) as test bed drive and brake machines. They permitted higher speed ranges, required little maintenance and superseded the direct-current machines used up until then.
1985
The first highly dynamic test bed enabled dynamic vehicle phenomena to be mapped realistically and true to life. Operating a real engine in a virtual vehicle including driver simulation became a reality.
1986
The world's first HSDI diesel engine went into large-scale production as the propulsion system for a light commercial vehicle.
1987
Spurred by the huge success of its diesel injection, AVL
decided to develop a direct injection system for SI engines.
FIRE, the AVL-designed 3D CFD software package, was launched on the market,
thus laying the foundation stone for the new AST division (Advanced Simulation
Technologies).
Using the laser induced fluorescence method (LIF), evaporated fuel can be
traced in surfaces and made visible.
1990
Tomographic combustion analysis (TCA) revolutionized SI engine development. For the first time ever, combustion phenomena were recorded optically on a pre-series production engine.
1992
Crystal growing - another milestone: After more than ten years' R and D, pressure transducers were used for the first time with the new, synthetic piezoelectric material, GaPO4, developed by AVL.
1993
AVL was the only company in the world to supply load assemblies for the dynamic testing of racing engines (such as Formula 1, Indy series) which permitted the simulation of every possible racing condition.
1995
AVL was the first company in the world to use automatic calibration of dynamic engine functions on the test bed.
1996
AVL put the world's largest 4-wheel acoustic chassis dynamometer into operation for driving speeds of up to 200 km/h.
1997
AVL Advanced Simulation Technologies launched CRUISE, the software product which was able, for the first time ever, to simulate handling, oil consumption and emissions even at a very early development stage.
1998
Test bed technology of the future: The worlds of numeric simulation and test bed technology are converging. AVL simulation, test and measurement tools are constantly being optimized in their interaction with each other in order to maximize productivity in an integrated development process.
1999
Market introduction of a new generation of Emissions Test Systems: the CEB II Emissions Analysis System and the CEC modular CVS System.
2000
Launch of AVL IndiCom, the new open indicating software for combustion analysis
2001
Market Introduction of AVL PUMA Open - the new generation
test bed automation system, designed as an integration platform to optimise
workflow and reduce the complexity of test systems for the user to a minimum
AVL-Zöllner becomes 100% AVL affiliate, in order to focus on automotive
applications and to profit from organisational synergies.
2002
Engine testing center MTC AB acquired by AVL The integration
of MTC AB, located near Stockholm in Sweden, into the AVL group has the goal to
facilitate networking between the nordic countries and AVL’s headquater in
Austria as well as the tech centers all over the world and to increase the
presence close to the customer.
AVL Test Track – opening of a new application facility With this professional
facility near the headquater
2003
Grand Opening of the Helmut-List-Halle The hall is the product of bridging science and art. Going far beyond sponsoring in its classic sense, this project means that researchers are in constant touch with artists and artists with researchers
AVL takes over the engine developer Dr.Schrick in Germany Bringing the technological expertise of Dr.Schrick
GmbH to the global AVL group, AVL sets another step in the company’s strategy of greater customer orientation through international expansion.
AVL launches an AVL Innovation in Sensor Detection
The world's only indicating measurement system with complete communication.
2004
AVL presents EmIQ™ an intelligent emission reduction approach for clean Diesel engines. In combination with a Diesel Particulate Filter, EmIQ reduces the pollution from a conventional Diesel Engine by up to 99%. The technology has already been successfully tested in several vehicles. Thus AVL can offer a very innovative, attractive and practicable solution to the market.
In barely three years and on behalf of DaimlerChrysler AG, AVL constructed
'Motorenhaus III', a seven-storey testing and test bed centre with a total of
72 testing modules for the Mercedes-Benz Technology Centre (MTC) at the
Untertürkheim site in
The emissions division of Pierburg Instruments GmbH in Germany – a subsidiary
of AVL with headquarters in Graz, Austria –merged with PEUS Systems GmbH with
facilities in Gaggenau, Eisenberg and Bruchsal (Germany) as well as in Ann
Arbor (Michigan, USA). his enlargement of AVL’s emissions business will
increase turnover to around 60 million Euro and the market share to 30 percent.
2005
Completion of a 70 million investment plan at AVL
Headquarters with the opening of the redesigned
2006
AVL develops the YaMZ 536 high-performance truck engine for a Russian customer.
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 records 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.39.31 |
|
|
1 |
Rs.80.12 |
|
Euro |
1 |
Rs.55.76 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|