MIRA
INFORM REPORT
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Report Date : |
02.01.2012 |
IDENTIFICATION DETAILS
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Name : |
NHK AUTOMOTIVE COMPONENTS INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No.31, Sector – 3, IMT, Manesar, Gurgaon – 122050, Haryana |
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Country : |
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Date of
Incorporation : |
20.07.2011 |
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Com. Reg. No.: |
043452 |
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Capital
Investment / Paid-up Capital : |
Rs.400.000 Millions |
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CIN No.: [Company Identification
No.] |
U35900HR2011FTC043452 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RTKN02964D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer, Exporter and Importer of Automotive Components. |
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No. of Employees
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210 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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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 and yet to complete its one full year of
operations. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
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Name : |
Mr. A. K. Parlikar |
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Designation : |
Office Executive |
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Contact No.: |
91-9823322406 |
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Date : |
31.12.2011 |
LOCATIONS
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Registered Office : |
Plot No.31, Sector – 3, IMT, Manesar, Gurgaon – 122050, Haryana, India
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9823322406 (Mr. A. K. Parlikar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1: |
F-13, MIDC Industrial Area, Chikalthana, Aurangabad –
431210, Maharashtra, India |
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Tel No.: |
91-240-6637000 |
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Fax No.: |
91-240-6637277 |
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Email : |
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Factory 2: |
K-103, MIDC Industrial Area, Waluj, Aurangabad – 431136,
Maharashtra, India |
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Tel No.: |
91-240-2551328, 2553087 |
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Fax No.: |
91-240-2553088 |
DIRECTORS
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Name : |
Mr. Toru Kadowaki |
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Designation : |
Director |
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Address : |
305-A, Hamiliton Court, DLF City, Phase – IV, Gurgaon – 122002,
Haryana, India |
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Date of Birth/Age : |
26.04.1957 |
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Email : |
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DIN No.: |
02315634 |
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Other Directorship : |
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Name : |
Mr. Kenji Kayama |
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Designation : |
Director |
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Address : |
507-A, The Hamilton Court, DLF City, Phase – IV, Gurgaon – 122002, Haryana,
India |
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Date of Birth/Age : |
02.04.1969 |
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Email : |
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DIN No.: |
02788437 |
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Other Directorship : |
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Name : |
Mr. Hitoshi Hashimoto |
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Designation : |
Director |
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Address : |
5-6-8-HINO, Kounan District, Yokohama |
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Date of Birth/Age : |
12.03.1962 |
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Date of Appointment : |
11.11.2011 |
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Email : |
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DIN No.: |
03588830 |
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Other Directorship : |
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KEY EXECUTIVES
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Name : |
Mr. A. K. Parlikar |
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Designation : |
Office Executive |
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Email : |
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Name : |
Mr. P. K. Hingolikar |
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Designation : |
Chief Operating Officer |
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Email : |
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Name : |
Mr. A. Gaffar |
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Designation : |
Plant – Head |
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Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 05.07.2011)
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Names of Shareholders |
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No. of Shares |
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NHK Springs Company Limited, Japan |
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49999 |
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NHK Spring (Hongkong) Company Limited, Hong Kong |
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1 |
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Total |
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50000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Automotive Components. |
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Exports : |
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Products : |
Automotive Components |
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Countries : |
· Brazil · France · USA |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Japan · South Korea · Sweden · Brazil · Thailand |
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Terms : |
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Selling : |
L/C, Cash and Credit (30-60 days) |
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Purchasing : |
L/C, Cash and Credit (30-60 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers, End Users, OEM’s and Industries. ·
Amalgamations
Repco ·
Hero
Honda ·
Ashok
Leyland Limited ·
Hero
Honda Motors Limited ·
Bajaj
Auto Limited ·
Honda
Motorcycles and Scooters India Limited ·
Bosch ·
John
Deere Equipment Private Limited ·
Ceekay
Daikin · Luk India Limited ·
Clutch
Auto ·
Mahindra ·
Eicher
Motors Limited ·
Maruti
Suzuki India Limited ·
Emerson
Climate Technologies (India) Limited ·
Piaggio
Vehicles Private Limited ·
Suzuki
Powertrain (India) Limited · Swaraj Mazda Limited ·
Gabriel
India Limited ·
Greaves
Limited ·
Varroc
Group ·
Lombardini
Limited · Setco Auto Limited |
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No. of Employees : |
210 (Approximately) |
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Bankers : |
· Axis Bank Aurangabad Main Branch, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
KPMG and Associates Chartered Accountant |
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Holding Company : |
NHK Springs Company Limited, Japan |
CAPITAL STRUCTURE
Authorised Capital : Rs.400.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.400.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
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Check list by info
Agents |
Available in Report (Yes/ No) |
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
Yes |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
----- |
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No. of Employees |
Yes |
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Name of Person Contacted |
Yes |
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Designation of Contact person |
Yes |
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Turnover of Firm for last three years |
----- |
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Profitability for last three years |
----- |
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Reasons for variation <> 20% |
----- |
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Estimation for coming financial year |
No |
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Capital in the business |
No |
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Details of sister concerns |
No |
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Major Suppliers |
No |
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Major Customers |
No |
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Payments Terms |
Yes |
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Export/ Imports Details (If applicable) |
Yes |
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Market Information |
----- |
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Litigations that the firm/ Promoters Involved in |
----- |
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Banking details |
Yes |
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Banking Facility Details |
----- |
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Conduct of the Banking Account |
----- |
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Buyer visit details |
----- |
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Financials, if provided |
No |
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Incorporation details is applicable |
----- |
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Last Accounts filed at ROC |
----- |
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Major Shareholders, if available |
----- |
WEBSITE DETAILS:
INTRODUCTION
The Precision Spring division of the Bombay Company Limited (BCL) was set up in 1985 in technical collaboration with NHK Spring Company Limited, Japan, to manufacture Cold Coiled Precision Springs. It commenced commercial production in 1987. In 1992, The Bombay Company Limited was merged into The Bombay Burmah Trading Corporation Limited, (BBTCL) and springs division of BBTCL was known as BCL springs. In 2011, the division again changed hands with NHK Automotive Components India private Limited acquiring the unit from BBTCL.
1985 Technical collaboration with NHK Spring Company, Japan
1987 Commenced commercial production
1992 Merged into The Bombay Burmah Trading Corporation Limited
2001 Developed Valve springs out of High Tensile Wire for MUL
2002 Turnover increased from Rs. 100 M during 1996 to Rs. 170 M
2002 QS 9000 certified by BVQI
2003 New plant for manufacture of Suspension springs.
2004 Capacity increased to 6000 MT.
2005 TS 16949 certification by BVQI
2006 Plant capacity increased to 8400 MT.
2007 Plant capacity increased to 10000 MT.
2010 Plant approved by General Motors for Valve Springs.
2011 Plant approved by Honda Siel Cars for Valve Springs.
2011 Taken over by NHK Automotive Components India Private Limited
COLLABORATION
NHK Spring Company
Limited is working in the diversified business areas like Suspension Spring,
Automotive Seats, Precision Spring and Components, Suspensions for HDD,
Industrial Machinery and Equipment (Brazed Products, Ceramic Products, Pipe
Support System, Polyurethane Foam Products, Metal Base Printed Wiring Board,
Multi-Level Automatic Parking System,), Information and Security Systems.
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 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.53.27 |
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1 |
Rs.82.10 |
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Euro |
1 |
Rs.68.90 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.