1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Hyundai Motors
India Limited |
Principal Name 1 |
Bo Shin Seo |
|
Status |
Good |
Principal Name 2 |
Unsu Kim |
|
|
|
Registration # |
18-035377 |
|
Street Address |
Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumpudur
Taluk, Kanchipuram District – 602105, Tamilnadu, India |
||
|
Established Date |
06.05.1996 |
SIC Code |
-- |
|
Telephone# |
91-4111-256111/ 256275 91-44-47100000 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-4111-256280/ 256365 91-44-47100100/ 47105135 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Motor Cars |
|
|
# of employees |
3600
(Approximately) |
Product Name 2 |
Parts |
|
Paid up capital |
Rs.8125,411,000/- |
Product Name 3 |
Accessories |
|
Shareholders |
Foreign holdings 100% |
Banking |
ABN Amro Bank N V |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A
(65) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries
|
-- |
Hyundai Motor India Engineering Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
42,303,420,000 |
Current Liabilities |
25,345,320,000 |
|
Inventories |
12,037,270,000 |
Long-term Liabilities |
25,570,200,000 |
|
Fixed Assets |
36,242,910,000 |
Other Liabilities |
6,541,280,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
57,456,800,000 |
|
Invest& other Assets |
6,250,330,000 |
Retained Earnings |
31,251,719,000 |
|
|
|
Net Worth |
39,377,130,000 |
|
Total Assets |
96,833,930,000 |
Total Liab. & Equity |
96,833,930,000 |
|
Total Assets (Previous Year) |
92,369,431,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
194,082,510,000 |
Net Profit |
7,942,840,000 |
|
Sales(Previous yr) |
196,225,440,000 |
Net Profit(Prev.yr) |
3,755,290,000 |
MIRA INFORM
REPORT
|
Report Date : |
16.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI MOTORS INDIA LIMITED |
|
|
|
|
Registered
Office : |
Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumpudur
Taluk, Kanchipuram District – 602105, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.05.1996 |
|
|
|
|
Com. Reg. No.: |
18-035377 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8125.411 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29309TN1996PLC035377 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEH02069E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Motor Cars, Parts and Accessories. |
|
|
|
|
No. of Employees
: |
3600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 158000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company in the automobile field in Financial position of the company appears to be sound. Directors are
reported to be experienced and respectable businessman. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. Company can be considered good for normal business dealings at usual
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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ (Short Term Bank Loan) |
|
Rating Explanation |
Very Strong degree of safety, it carry lowest credit risk. |
|
Date |
01.10.2012 |
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
31-03-2012.
LOCATIONS
|
Registered Office/ Factory : |
Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumpudur
Taluk, Kanchipuram District – 602105, Tamilnadu, India |
|
Tel. No.: |
91-4111-256111/ 256275 91-44-47100000 |
|
Fax No.: |
91-4111-256280/ 256365 91-44-47100100/ 47105135 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Regional Office 1 : |
NP 54, Developed Plots, Thiru Vika Industrial Estate, Ekkaduthangal,
Guindy, Chennai – 600 032, |
|
Tel. No.: |
91-44-22329560 / 22340174/ 2233471/ 22343763/ 22343765 / 22343856 |
|
Fax No.: |
91-44-22334924 |
|
|
|
|
Regional Office 2 : |
Hyundai Motor India Engineering Private Limited, Survey No- 5/2 and
5/3, Opposite Hi-Tech City Railway Station, Ijjatnagar, RR District – 500
084, |
|
Tel. No.: |
91-40-66574020 |
|
Fax No.: |
91-40-66574099 |
|
|
|
|
Regional Office 3 : |
A-30, Mohan Cooperative Industrial Estate, Mathura-Road, New-Delhi-110
044, |
|
Tel. No.: |
91-11-41678800 |
|
Fax No.: |
91-11-41678811 |
|
|
|
|
Regional Office 4 : |
605, 20-A, Rattan Square Complex, Vidhan Sabha Marg, Lucknow- 226001, Uttar
Pradesh, India |
|
Tel. No.: |
91- 522- 6714600 |
|
Fax No.: |
91-522- 6714611 |
|
|
|
|
Regional Office 5 : |
Business Square,A/102, First Floor, Chakala,Andheri-Kurla Road,
Andheri East Mumbai-400069, Maharashtra, India |
|
Tel. No.: |
91-22- 40969000 |
|
Fax No.: |
91-22- 40969030 |
|
|
|
|
Regional Office 6 : |
1st Floor, City Mall, Near Rajpath Club, S.G.Road, Dodekdev, Ahemdabad
– 380051, |
|
Tel. No.: |
91-79-66133000 |
|
Fax No.: |
91-179-6633017 |
|
|
|
|
Regional Office 7 : |
Gayathri 6-3-1239/2/B/1, Renuka Wnclave, Somajiguda, |
|
Tel. No.: |
91- 40- 64631130 / 31 / 32 / 43 |
|
Fax No.: |
91-40- 23303566 |
|
|
|
|
Regional Office 8 : |
DLF Tower-3, 3RD Floor, |
|
Tel. No.: |
91-172- 6605000 |
|
Fax No.: |
91-172- 6605000 |
|
|
|
|
Regional Office 9 : |
|
|
Tel. No.: |
91-33-40060045 / 9 |
|
Fax No.: |
91-33-40060050 |
|
E-Mail : |
|
|
|
|
|
Regional Office 10 : |
Ganpati Enclave, 3rd Floor, Urubari, |
|
Tel. No.: |
91-361- 2466173 / 74 |
|
Fax No.: |
91-361- 2466175 |
|
E-Mail : |
|
|
|
|
|
Marketing and
Sales Headquarters : |
5th and 6th Floor,
Corporate One (Baani Building), Plot No.5, Commercial Centre,
Jasola , New Delhi - 110076, India |
|
Tel No.: |
Board Line 91-11-66022000 |
|
Fax No.: |
(5th Floor) 91-11-66022201 (6th Floor) 91-11-66022202 |
DIRECTORS
(AS ON 30.07.2012)
|
Name : |
Bo Shin Seo |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
New No. 73, Old No. 42, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1957 |
||||||||||||||||||||||||
|
Date of Appointment : |
05.03.1912 |
||||||||||||||||||||||||
|
DIN No.: |
02879712 |
||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Unsu Kim |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
Old No. 42, New No. 73, Chamiers, Chennai-600018, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1963 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2012 |
||||||||||||||||||||||||
|
DIN No.: |
02968803 |
||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Won Hee Lee |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
101-807, Dawonkantabila Apartments, 2/5, 659, Sinsadong Gangnam- Ku, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
05.02.1960 |
||||||||||||||||||||||||
|
Date of Appointment : |
26.07.2010 |
||||||||||||||||||||||||
|
DIN No.: |
02985723 |
||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Radhakrihnan Sethuraman |
||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||
|
Address : |
P. No.30, D. No.31, VGP Avenue, Dr. Seethapathy Nqgar, Velachery,
Chennai – 600042, Tamilnadu, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1950 |
||||||||||||||||||||||||
|
Date of Appointment : |
27.07.2012 |
||||||||||||||||||||||||
|
DIN No.: |
05350961 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Kyu Oh Lee |
||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||
|
Address : |
Vill A No. 24 and 25, Aprna Shangrila Goulidoddi Village, Srilingampally,
Hyderabad – 500008, Andhra Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
13.08.1960 |
||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2012 |
||||||||||||||||||||||||
|
DIN No.: |
05332443 |
||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Suk Goo Kwak |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
5-B, Le Imperial, 122 Greenway’s Road, Chennai – 600028, Tamilnadu,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
04.04.1957 |
||||||||||||||||||||||||
|
Date of Appointment : |
05.03.1912 |
||||||||||||||||||||||||
|
DIN No.: |
05241197 |
||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Chang Hwan Han |
||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||
|
Address : |
C5/13F, Safdarjung Development Area, Delhi – 110016, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
04.11.1960 |
||||||||||||||||||||||||
|
Date of Appointment : |
27.01.2012 |
||||||||||||||||||||||||
|
DIN No.: |
03633684 |
||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Divya M |
|
Designation : |
Secretary |
|
Address : |
Guru Sairam, 14 Ramnagar, 1st Main Road, Naganallur,
Chennai – 600061, Tamilnadu, India |
|
Date of Birth/Age : |
04.01.1987 |
|
Date of Appointment : |
19.01.2012 |
|
PAN No.: |
ATXPD4074H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.07.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Hyundai Motor Company, |
|
8125405 |
|
Mong Koo Chung |
|
1 |
|
Bo Shin Seo |
|
1 |
|
Seong Hyun Hur |
|
1 |
|
Chang Hwan Han |
|
1 |
|
Suk Goo Kwak |
|
1 |
|
Kyu Oh Lee |
|
1 |
|
|
|
|
|
Total |
|
8125411 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Motor Cars, Parts and Accessories. |
||||
|
|
|
||||
|
Products : |
·
Passenger Cars ·
Vehicles Spares Parts ·
Traded Goods |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed Capacity |
Installed
Capacity* |
Actual Production |
|
|
|
|
|
|
|
Motor Vehicles |
Nos |
Not Applicable |
630000 |
594630 |
* As certified by
the Management and relied upon by the Auditors. The installed capacity is on a triple
shift basis and is subject to product mix, utilization of plant and machinery,
which is common for different models, and availing of sub-contracting
facilities.
GENERAL INFORMATION
|
No. of Employees : |
3600 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
ABN Amro Bank N V, Chennai – 600034 Tamilnadu, India ·
American Express Bank Limited, Mount Road, Chennai-600002, Tamilnadu, India ·
Citi Bank Mount Road, Chennai - 600002, Tamilnadu, India ·
ICICI Bank Chennai - 600018, Tamilnadu, India ·
IndusInd Bank Limited Chennai - 600018, Tamilnadu, India ·
Bank of America, Chennai - 600018, Tamilnadu, India ·
HDFC Bank Limited Chennai - 600018, Tamilnadu, India ·
State Bank of India, Chennai - 600018, Tamilnadu, India ·
Punjab National Bank, Chennai - 600018, Tamilnadu, India ·
Cho Hung Bank, South Korea, Chennai - 600018, Tamilnadu, India ·
The Sumitomo Bank Limited, Chennai, Tamilnadu, India ·
Standard Chartered Bank, 6-3-1090, TSR Tower, Raj Bhavan Road, Somajiguda, Hyderabad – 500082,
India. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Amounts repayable within one year- 5754.640 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· State Industries Promotion Corporation of Tamilnadu Limited 19-A, Marshalls Road, Egmore, Madras – 600008, Tamilnadu, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
ASV N Ramana Tower 52, |
|
Tel. No.: |
91-44-66885000/ 42131124-28 |
|
Fax No.: |
91-44-66885050/ 42131129 |
|
PAN.: |
AACFD3771D |
|
|
|
|
Group Companies (As on
31.03.2010) : |
·
Kia Motors Corporation, ·
Hyundai HYSCO ·
Autoever Systems Corporation ·
Autoever Systems ·
WIA Corporation ·
Hyundai Motor Deutschland Gmbh ·
Hyundai Motor Norway AS ·
Hyundai Motor ·
Hyundai Assan Otomotiv Sanayi ve Tic A.S ·
Rotem Company, Hyundai Motor ·
Hyundai Motor ·
Hyundai Motor UK Limited ·
Eukor Car Carriers Inc. ·
Hyundai Motor ·
Hyundai Motor ·
Hyundai Motor Group ( ·
KEFICO Corporation ·
Haevichi Resorts Company Limited ·
WIA Automotive Engine ( ·
Hysco Steel India Limited ·
Hyundai Motor Company ·
Hyundai Motor Company CZ S.R.O. ·
Hyundai AES India Private Limited ·
Rotem Automotive India Private Limited ·
Dymos Inc., ·
Dymos ·
Hyundai Autonet India Limited ·
Hyundai Motor CIS LLC, ·
Hyundai Espana Distribution Automobiles. |
|
|
|
|
Holding Company (As on
31.03.2010): |
·
Hyundai Motor Company, 140-2, Key Dong, Chongro-Ku, Seoul, South Korea |
|
|
|
|
Subsidiaries (As on
31.03.2010) : |
·
Hyundai Motor India Engineering Private Limited CIN No.: U50103TN2006PTC061464 |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
Rs.1000/- each |
Rs.14000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8125411 |
Equity Shares |
Rs.1000/- each |
Rs.8125.411
Millions |
|
|
|
|
|
The entire paid-up
share capital of the Company is held by Hyundai Motor Company South Korea
('HMC'), the Company's Holding Company, and its Nominees.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8125.411 |
8125.411 |
8125.411 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
31251.719 |
24725.410 |
22391.361 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
39377.130 |
32850.821 |
30516.772 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
482.700 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
25087.500 |
22201.736 |
42229.209 |
|
|
TOTAL BORROWING |
25570.200 |
22201.736 |
42229.209 |
|
|
DEFERRED TAX LIABILITIES |
1974.140 |
2188.782 |
2850.348 |
|
|
|
|
|
|
|
|
TOTAL |
66921.470 |
57241.339 |
75596.329 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
36242.910 |
40632.365 |
47163.568 |
|
|
Capital work-in-progress |
4870.280 |
794.235 |
1721.060 |
|
|
|
|
|
|
|
|
INVESTMENT |
1380.050 |
1370.000 |
1349.596 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12037.270
|
12646.556
|
21264.675
|
|
|
Sundry Debtors |
8804.280
|
20618.115
|
19150.406
|
|
|
Cash & Bank Balances |
18112.690
|
4514.237
|
5619.412
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
15386.450
|
11793.923
|
11413.138
|
|
Total
Current Assets |
54340.690
|
49572.831
|
57447.631
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22413.090
|
28360.310
|
|
|
|
Other Current Liabilities |
2932.230
|
2312.305
|
1660.871
|
|
|
Provisions |
4567.140
|
4455.477
|
3871.205
|
|
Total
Current Liabilities |
29912.460
|
35128.092
|
32085.526
|
|
|
Net Current Assets |
24428.230
|
14444.739
|
25362.105
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
66921.470 |
57241.339 |
75596.329 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
194082.510 |
196225.440 |
155225.420 |
|
|
|
Other Income |
8614.620 |
6468.230 |
5735.110 |
|
|
|
TOTAL (A) |
202697.130 |
202693.670 |
160960.530 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
161060.360 |
166199.860 |
|
|
|
|
Manufacturing service costs |
8132.600 |
7499.270 |
|
|
|
|
Employee related costs |
4010.220 |
3441.720 |
|
|
|
|
Administrative selling other expenses |
9834.280 |
11425.200 |
|
|
|
|
TOTAL (B) |
183037.460 |
188566.0500 |
148893.340 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19659.670 |
14127.620 |
12067.190 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
454.000 |
967.870 |
2265.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19205.670 |
13159.750 |
9802.110 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7077.290 |
7529.020 |
6745.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12128.380 |
5630.730 |
3056.760 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4185.540 |
1875.440 |
1100.410 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7942.840 |
3755.290 |
1956.350 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24153.330 |
22007.040 |
21574.460 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
187.760 |
97.820 |
|
|
|
Proposed Dividend |
|
1218.810 |
1218.810 |
|
|
|
Tax on Proposed Dividend |
|
202.430 |
207.140 |
|
|
BALANCE CARRIED
TO THE B/S |
30282.500 |
24153.330 |
22007.040 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
73002.800 |
95042.120 |
82235.390 |
|
|
|
Interest Income |
219.3400 |
447.800 |
329.370 |
|
|
|
Recovery of Freight and Insurance on Exports |
5810.330 |
6044.790 |
5818.500 |
|
|
|
Income from Services |
0.000 |
137.630 |
167.100 |
|
|
|
Others |
26.060 |
29.420 |
40.900 |
|
|
TOTAL EARNINGS |
79058.530 |
101701.760 |
88591.260 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
5675.100 |
908.470 |
4669.990 |
|
|
|
Raw Materials |
31503.800 |
29772.150 |
31963.230 |
|
|
|
Traded Finished Goods |
357.820 |
0.000 |
7.460 |
|
|
TOTAL IMPORTS |
37536.720 |
30680.620 |
36640.680 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
977.53 |
462.17 |
240.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.92
|
1.85
|
1.22
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.25
|
2.87
|
1.97
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.39
|
6.24
|
2.92
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.17
|
0.10
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.41
|
1.75
|
2.44
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
1.41
|
1.79
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATING RESULTS
Global economy during the financial year 2010-11 showed signs of
recovery after decline in the year 2009-10, but the recovery was very slow and
uneven. While the advanced economies grew modestly by 3% against a decline of
3.4% in previous year, emerging as developing economies grew in excess of 7%
mainly led by China and India. During the financial year under review, India’s
GDP witnessed a growth of 8.6% as compared to 8% during the previous year with
agriculture sector showing a high growth of 5.4%. International Trade showed
good performance with the export growing up by 37.5% and the import by 21.6%
which helped to reduce the current account deficit to 2.5% of GDP as against
2.8% in the previous year. While the above were the positive developments,
higher level of inflation despite good monsoon was the main concern. This was
mainly due to high cost of food items which then spread to non food items. Slow
down in the Industrial growth is another area of concern. However the
automobile market showed improved results during the financial year 2010-11
compared to 2009-10 with the opening up of rural market. The passenger vehicle
segment registered a sales of 24,56,142 units, showing a 24.8% growth over the
previous year. The Company achieved a total production of 594,630 units as
against 589,536 units last year, representing a growth of 1%. The Company
renovated and upgraded the Paint shop I during the year, which led to longer
plant shutdown and loss of normal production. The company has crossed the
milestone of 3 million cars of production and sales, during the year under
review. In the domestic front, supported by strong product offerings, the
company has done well by registering a growth of 13% by penetrating into rural
segment. The volume grew from 316,623 units to 358,583 units. The growth was
mainly due to introduction of Verna Transform, next generation i10 and globally
well accepted Santa Fe. The company maintained a market share of 18.1% in the
passenger car segment. In exports, the company’s volume was down by 18% from
285,638 units to 233,058 units, due to slow recovery of European market. The
company continues to export to Africa, Middle East, Asia, Europe and Latin
America. Currently the company exports to more than 120 countries. The Company
recorded a domestic turnover of Rs.135,858 Million compared to previous year
Rs.111,429 Million registering a growth of 22%. Export turnover was Rs.74,075
Million compared to previous year Rs.96,289 Million. Inflation remains a cause
of concern as raw material and other intermediary inputs have become costlier.
The Company continues to focus on cost control measures which have started
yielding good results.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U29309TN1996PLC035377 |
|
Name of the
company |
HYUNDAI MOTOR
INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumpudur
Taluk, Kanchipuram District – 602 105, Tamilnadu, India Email : legal@hmil.net |
|
This form is for |
Creation
of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
State Industries Promotion Corporation of Tamilnadu Limited 19-A , E-Mail : sipcot@md3.vsnl.net.in
|
|
Nature of
instrument creating charge |
Exclusive Hypothecation charge on the machinery and equipment viz.,
5400 tonne press (Asset No.32300469) and Feeding Automation Equipment (Asset
No.32300474) installed at Plot No.H-1, Phase-II, Press Shop, SIPCOT
Industrial Park, Irungattukottai, Sriperumbudur Taluk, Kancheepuram
District-602 117 in the State of Tamil Nadu in favour of SIPCOT to secure the
repayment of the Soft Loan not exceeding Rs.1000.000 Millions. |
|
Date of
instrument Creating the charge |
29.06.2010 |
|
Amount secured by
the charge |
Rs.1000.000 Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of interest 0.1% P.A. Terms of repayment Repayment of Soft Loan to commence after 14 years with 0.1% interest
per annum as per Super Mega Norms Extent and operation of the charge To the extent of loan outstanding alongwith interest at the time of
default if any |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Machinery and Equipment - 5400 tonne press (Asset No.32300469)
installed at Plot No.H-1, Phase-II, Press Shop SIPCOT Industrial
Park,Irungattukottai, Sriperumbudur Taluk, Kancheepuram District-602117,
Tamilnadu, India Machinery and Equipment - Feeding Automation Equipment (Asset
No.32300474 installed at Plot No.H-1, Phase-II, Press Shop SIPCOT Industrial
Park, Irungattukottai, Sriperumbudur Taluk, Kancheepuram District, Tamilnadu,
India |
FIXED ASSETS:
·
·
Building
·
Plant and Machinery
·
Furniture and Fittings
·
Computer Equipments
·
Office Equipments
·
Furniture and Fixtures
·
Data Processing Equipment
·
Vehicles
PRESS RELEASE
HYUNDAI MOTOR INDIA
LAUNCHES 13TH NATIONWIDE FREE CAR CARE CLINIC
- 10 day free car
care clinic at over 830 locations across India
- Attractive
discounts on spare part and extended warranty for all customers
New Delhi, September 12, 2012: Hyundai Motor India Limited (HMIL),
the country`s largest passenger car exporter and the second largest automobile
manufacturer to extend the advantage of its excellent services to its
customers, announced its 13th edition of the nationwide ‘Free Car Care Clinic’
campaign.
The Free
Car Care Clinic will be held from September 14-23, 2012 and will be organized
at over 830 Hyundai workshops across the country.
Announcing
the launch of the campaign, C. H. Han, Executive Director, HMIL said, “At
Hyundai we believe in keeping pace with the evolving customer needs and
preferences. Our customer engagement programmes like ‘Free Car Care Clinic’
allows us to understand their requirements and helps us connect with them.
Through these initiatives we reaffirm our commitment to provide the best of
products and services to our customers and enjoy a value-added ownership
experience.”
The ‘Free
Car Care Clinic’ will offer a comprehensive 80 point check-up and a thorough
examination of the engine, transmission, electrical system, under-body, AC,
exterior, etc. Hyundai customers can also avail up to 10 per cent discount on
spare parts, selected accessories, extended warranty and other value added
services. In addition, Hyundai is also offering an attractive discount of up to
20 per cent on labor charges. The nationwide event sponsor M/s Shell India is
also offering various attractive schemes during this Clinic. Customers who have
been associated with Hyundai for more than 4 years can avail additional offers.
Attractive
gifts like 100 extended warranties, 9 Grand Stand Tickets for F1 circuit race
and exciting prizes are being offered during the entire period to honor and
reward Hyundai customers attending the camp. In addition to this, customers can
also avail attractive discounts up to 20 percent on purchase of extended
warranties.
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 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.52.70 |
|
|
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
65 |
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.