|
Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
HONDA MOTORCYCLE AND SCOOTER INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1&2, Sector-3, IMT Manesar, District Gurgaon – 122050,
Haryana |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.03.2001 |
|
|
|
|
Com. Reg. No.: |
05-034649 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35912HR2001PTC034649 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKH01174F |
|
|
|
|
Legal Form : |
Private Limited Liability Companysu |
|
|
|
|
Line of Business
: |
Manufacturing, |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 89790000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Honda Motor Company Limited, Financial position of the company appears to be sound. Overall
fundamentals of the company appears to be sound and healthy. Director are reported to be experienced and respectable businessmen. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of strong holdings the company can be considered normal for
business dealing at usual trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 1 : |
Plot No.1&2, Sector-3, IMT Manesar, District Gurgaon – 122050, |
|
Tel. No. : |
91-124-2290011-19/ 2290926 |
|
Fax No. : |
91-124-2290889/ 2290891/ 2290890 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Plot No. SPL-2(D), 2(E), 2(F), 2(G), Tapulkara Industrial Area,
District Alwar – 301707, Rajasthan, India |
|
Tel. No. : |
91-1493-678200/ 678500 |
|
|
|
|
Factory 3 : |
Plot No.109-142, 143(P)-149(P), KIADB Industrial Area, Naraspur,
District Kolar – 563130, |
DIRECTORS
As on 05.08.2013
|
Name : |
Keita Muramatsu |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||||||||||||||||||||
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Address : |
B 123, Pinnacle, Condominium, DLF Phase V, Gurgaon, |
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Date of Birth/Age : |
08.12.1957 |
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Date of Appointment : |
10.08.2011 |
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PAN No.: |
BMFPM8986H |
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DIN No. : |
03493802 |
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Other Directorship
:
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|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Takanori Maruyama |
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|
Designation : |
Whole-time director |
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|
Address : |
Tower B2 - 1401, Parasvnath Exotica, |
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|
Date of Birth/Age : |
07.08.1965 |
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|
Date of Appointment : |
31.08.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
05244222 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Toshinobu Motai |
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|
Designation : |
Whole-time director |
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|
Address : |
F-181, Raheja Atlantis, Sector 31/32A, Gurgaon, |
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Date of Birth/Age : |
22.04.1959 |
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Date of Appointment : |
05.08.2013 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
06541864 |
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|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Yasutaka Uda |
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|
Designation : |
Whole-time director |
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|
Address : |
B-171, 7th Floor, Sobha Ivory Apartment, |
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|
Date of Birth/Age : |
13.12.1962 |
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Date of Appointment : |
05.08.2013 |
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|
DIN No. : |
06541726 |
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Other Directorship
:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Yoshiyuki Matsumoto |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
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Address : |
Hotel Le-meridien, |
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|
Date of Birth/Age : |
14.01.1958 |
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Date of Appointment : |
05.08.2013 |
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|
DIN No. : |
06542714 |
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Other Directorship
:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Viswanathan Sridhar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 303. |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.02.1964 |
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Date of Appointment : |
05.08.2013 |
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|
DIN No. : |
06544860 |
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Other Directorship
:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Anupam Mohindroo |
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|
Designation : |
Whole-time director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H - 34, |
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|
Date of Birth/Age : |
30.09.1960 |
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|
Date of Appointment : |
05.08.2013 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
06544719 |
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|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Kumar Chaubey |
|
Designation : |
Secretary |
|
Address : |
SRA - 46 8. Shipra |
|
Date of Birth/Age : |
24.01.1971 |
|
Date of Appointment : |
19.02.2009 |
|
PAN No.: |
ADMPC7767P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Honda Motor Company Limited, |
|
299999998 |
|
Asian Honda Motor Company Limited, |
|
10000002 |
|
Total |
|
310000000 |
As on 05.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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 : |
Manufacturing, |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
State Bank of Bank of Standard Chartered Bank ICICI Bank Citi Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Building No. 10, 8Th Floor, Tower B, |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Holding company : |
Honda Motor Company Limited, |
|
|
|
|
Fellow Subsidiary
Company : |
· Honda Trading Corporation Honda Trading Corporation India Private Limited CIN No.: U51909DL2005PTC135750 Honda Motor India Private Limited CIN No.: U34102UP2006FTC032370 Honda Motor Europe Limited Honda Philipines Inc. Honda Cars India Limited CIN No.: U15114DL1995PLC203983 Goshi India Auto Parts Private Limited CIN No.: U35914HR2006PTC036195 Honda Del Peru S.A. Honda De Rajasthan Prime Steel Processing Center Private Limited CIN No.: U05004DL2007PTC169044 Honda Logistics India Private Limited CIN No.: U34300DL2005PTC136703 Honda Siel Power Products Limited CIN No.: L40103DL2004PLC203950 Asian Honda Motor Company Limited Honda R & D Company Limited Yutaka Autoparts Pune Private Limited CIN No.: U35914PN2001FTC015991 Honda R & D Southeast Asia Company Limited Honda Motor De Honda Engineering Company Limited Honda Motor De Chile S.A. Honda Trading Asia Company Limited Honda Turkey A.S. Honda France S.A.S. Honda U.K. Honda Motors Honda Motor Europe (South) Honda Australia Motor Cycle & Power Equipment Pty.
Limited PT Honda Trading Honda Hungry KFT Honda Czech Republic S.R.O. Honda Italia Industriale S.P.A. Honda Portugal S.A. Honda (Suisee) Thai Honda Manufacturing Company Limited Honda Logistic Inc. Honda Belgium NV Honda Deutschland Gmbh Honda Poland Limited Honda Austria GmbH Honda MC Svenska Ab Honda Trading Vietnam Company Limited Honda South Africa Pty. Limited Honda R&D ( U51202HR2003PTC035129 Honda Taiwan Motor Company Limited Honda Selva Del Peru Montesa Honda S.A. PT Astra Honda Motor Agencia Y Fabrica Honda S.A. Honda Consulting A.P. Honda Honda Kaihatsu |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 3100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 3100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3100.000 |
3000.000 |
3000.000 |
|
(b) Reserves & Surplus |
19348.900 |
12555.800 |
8434.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
22448.900 |
15555.800 |
11434.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
433.300 |
152.100 |
116.400 |
|
(d) long-term provisions |
302.000 |
81.500 |
62.400 |
|
Total Non-current Liabilities (3) |
735.300 |
233.600 |
178.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
12834.200 |
10522.500 |
6545.300 |
|
(c) Other current
liabilities |
4676.100 |
4130.700 |
1901.900 |
|
(d) Short-term provisions |
313.800 |
211.400 |
157.700 |
|
Total Current Liabilities (4) |
17824.100 |
14864.600 |
8604.900 |
|
|
|
|
|
|
TOTAL |
41008.300 |
30654.000 |
20217.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13215.200 |
12450.800 |
3940.800 |
|
(ii) Intangible Assets |
3028.000 |
2570.100 |
2503.900 |
|
(iii) Capital
work-in-progress |
10034.400 |
1471.900 |
2707.900 |
|
(iv)
Intangible assets under development |
183.400 |
410.200 |
18.300 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
566.100 |
122.500 |
400.100 |
|
(d) Long-term Loan and Advances |
1412.900 |
2054.100 |
981.900 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
350.000 |
|
Total Non-Current Assets |
28440.000 |
19079.600 |
10902.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2411.900 |
2456.000 |
1250.300 |
|
(c) Trade receivables |
482.400 |
510.300 |
630.700 |
|
(d) Cash and cash
equivalents |
8183.400 |
7023.500 |
6052.200 |
|
(e) Short-term loans and
advances |
1406.600 |
1198.400 |
961.300 |
|
(f) Other current assets |
84.000 |
386.200 |
420.300 |
|
Total Current Assets |
12568.300 |
11574.400 |
9314.800 |
|
|
|
|
|
|
TOTAL |
41008.300 |
30654.000 |
20217.700 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sale of Products (net of excise) |
103218.000 |
76993.800 |
57807.200 |
|
|
|
|
418.400 |
294.700 |
251.900 |
|
|
|
Other operating revenues |
1147.700 |
888.600 |
614.200 |
|
|
|
Other Income |
1225.600 |
943.800 |
678.700 |
|
|
|
TOTAL |
106009.700 |
79120.900 |
59352.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
95542.700 |
70136.700 |
52303.100 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10467.000 |
8984.200 |
7048.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4733.700 |
2926.300 |
1744.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5733.300 |
6057.900 |
5304.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1840.200 |
1936.100 |
1753.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3893.100 |
4121.800 |
3551.600 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11952.500 |
7830.700 |
4279.100 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
15845.600 |
11952.500 |
7830.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5661.900 |
4091.100 |
3476.100 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12.56 |
13.74 |
11.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.67
|
5.21 |
5.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.53
|
7.84 |
9.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.97
|
21.14 |
31.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.39 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.14
|
0.78 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71
|
0.78 |
1.08 |
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 |
No |
|
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 |
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
BUSINESS OVERVIEW
The Company was incorporated in
COMPANIES AFFAIR
During the year, the Company achieved a growth of 31% by recording a sales volume of 2.76 Million units as compared to 2.10 Million units in 2011-12. In terms of value, the Company has been able to increase its sales turnover by 34% to Rs. 103218.000 Millions from Rs. 76993.800 Millions in 2011-12. The profit before tax stood at Rs.5733.300 Millions as compared to Rs. 6057.900 Millions during the previous year. The net profit after tax stood at Rs. 3893.100 Millions as compared to Rs. 4121.800 Millions during the previous year.
INTRODUCTION OF NEW
MODELS
To continue meeting customer expectations, theCompany
launched and unveiled new
PRODUCTION
During the year theCompany produced 2.76 Million of vehicles against 2.11 Million vehicles produced during the previous year.
FIXED ASSETS
v
Tangible
Assets
Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
v
Intangible Assets
Computer
Software
Recipes,
Formulae, Models, Designs and Prototypes
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.61.62 |
|
|
1 |
Rs.100.84 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.