|
Report Date : |
02.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
MCV BUS AND COACH INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-3, MIDC Chakan Phase III, Chakan Industrial Area, Kuruli
and Nighoje, Taluka Khed, Pune – 410501, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.10.2010 |
|
|
|
|
Com. Reg. No.: |
11-139559 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34102PN2010FTC139559 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM39265C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM8475N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of bus Body Part |
|
|
|
|
No. of Employees
: |
163 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to commence business activities |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is a relatively new company and yet to commence its commercial
business activities. As claimed by Mr. Apurva Srivastav form purchase department,
the company has started its manufacturing activities and they are yet to
start they selling activities from, October 2012, Payments are unknown. The company can be considered for business dealings on a secured trade
terms and conditions. Profit and Loss of the company is not available |
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
|
Name : |
Mr. Apurva Srivastav |
|
Designation : |
Purchases Department |
|
Contact No.: |
91-9272110790 |
|
Date : |
01.06.2012 |
LOCATIONS
|
Registered Office / Factory : |
E-3, MIDC Chakan Phase III, Chakan Industrial Area, Kuruli
and Nighoje, Taluka Khed, Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-675903 / 20-40004208 |
|
Mobile No.: |
91-9272110790 (Mr. Apurva Srivastav) |
|
Fax No.: |
91-2135-673963 |
|
|
|
|
Website : |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Karim Samy Ghabour |
|
Designation : |
Director |
|
Address : |
B, El Doctor Taha Hussein St, Zamaler, Cairo Egypt |
|
Date of Birth/Age : |
02.11.1960 |
|
Date of Appointment : |
26.10.2010 |
|
DIN No.: |
03169838 |
|
|
|
|
Name : |
Mr. Feroz Ahmed Prirzada |
|
Designation : |
Managing Director |
|
Address : |
Feroz Manzil, Raibaug, Shrinagar – 190008, Jammu and Kashmir,
India |
|
Date of Birth/Age : |
09.07.1949 |
|
Date of Appointment : |
26.10.2010 |
|
DIN No.: |
03208012 |
|
|
|
|
Name : |
Mr. Mokhtar Samy Abdo |
|
Designation : |
Director |
|
Address : |
11, Zahraa Nasr City Street, Nasr City, Cairo Egypt |
|
Date of Birth/Age : |
19.06.1973 |
|
Date of Appointment : |
07.01.2011 |
|
DIN No.: |
03380683 |
|
|
|
|
Name : |
Mr. Maged Waheeb Messiha |
|
Designation : |
Director |
|
Address : |
Building 9, 1216 – Sheraton Heliopolis, Cairo Egypt |
|
Date of Birth/Age : |
16.04.1960 |
|
Date of Appointment : |
25.02.2011 |
|
DIN No.: |
03386943 |
|
|
|
|
Name : |
Mr. Maged Rasmy Abdelmalek Rostom |
|
Designation : |
Director |
|
Address : |
24, Masakan Sakr, Qoraish- Sheraton Heliopolis, Cairo |
|
Date of Birth/Age : |
09.09.1967 |
|
Date of Appointment : |
28.02.2012 |
|
DIN No.: |
05214440 |
KEY EXECUTIVES
|
Name : |
Mr. Apurva Srivastav |
|
Designation : |
Purchases Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Manufacturing Commercial Vehicles Company, Egypt |
|
99990 |
|
Metal Industries Salheya Company, Egypt |
|
010 |
|
Total |
|
100000 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
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 of bus Body Part |
|
|
|
|
Products : |
·
MCV Capital (2003) ·
MCV Stirling (2003-2005) ·
MCV Evolution (2005-) ·
MCV Ego (2006) ·
MCV DD103 (2011-) |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
Egypt ·
Turkey ·
Italy ·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90 Days) |
|
|
|
|
Purchasing : |
Credit (90 Days) |
GENERAL INFORMATION
|
Customers : |
Manufacturer and Dealers |
|
|
|
|
No. of Employees : |
163 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Khandelwal Jain and Associates Chartered Accountants |
|
Address : |
Level 3,Business Bay, Wellesley Road, Near RTO, Pune – 411001,
Maharashtra, India |
|
PAN.: |
AACFK3470E |
|
|
|
|
Group Company : |
Daimles Group Mercedes – Ben3 India Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.031 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.031 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.031 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.066 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.656 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.019 |
|
Total
Current Assets |
|
|
3.675 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.241 |
|
|
Other Current Liabilities |
|
|
13.245 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
13.486 |
|
|
Net Current Assets |
|
|
(9.811) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
10.776 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.031 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
13.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.27 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
No |
|
12) Profitability for last three years |
No |
|
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 |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
No |
|
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 |
DETAILS OF SUNDRY
CREDITORS
Rs. In
Millions
|
Particular |
31.03.2011 |
|
Sundry Creditors |
0.242 |
|
Total |
0.242 |
Note:
The registered office of the company has been shifted from
23rd Floor, Express Towers, Nariman Point, Mumbai – 400021, Maharashtra, India to present address
w.e.f.30.04.2011
Note :
Company has started there manufacturing
activity but they yet starting there selling activity on October - 2012
Working Results:
The Accounting year consists of period
commencing form the date of incorporation of the company i.e.26th
October 2010 and ending on 31st March 2011. The company has not
prepared any Profit and Loss Account in view of the fact it has not carried on
any commercial activities during the period
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 bet1en
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.55.93 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
TOTAL |
|
15 |
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.