1. Summary Information
|
|
|
Country |
|
|
Company Name |
Skoda Auto India Limited |
Principal Name 1 |
Mr. Sudhir Puskur Rao |
|
Status |
Satisfactory |
Principal Name 2 |
Lagey Francois Jean - Marie |
|
|
|
Registration # |
11-123254 |
|
Street Address |
Plot
No.A-1/1, Shendra, Five Star Industrial Area, MIDC, |
||
|
Established Date |
23.12.1999 |
SIC Code |
-- |
|
Telephone# |
91-240-6631111/ 222/ 333/ 6631113 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-240-6631299/ 6631199 |
Business Style 2 |
--- |
|
Homepage |
http:// www.skoda-auto.co.in |
Product Name 1 |
Automobiles |
|
# of employees |
Not Available |
Product Name 2 |
--- |
|
Paid up capital |
Rs.2,354,008,000/- |
Product Name 3 |
--- |
|
Shareholders |
Foreign Holdings |
Banking |
HSBC Bank
|
|
Public Limited Corp. |
No |
Business Period |
14 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Holding
Company |
Czech
Republic |
Skoda Auto A. S. |
|
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,152,142,000 |
Current Liabilities |
9,268,823,000 |
|
Inventories |
9,056,400,000 |
Long-term Liabilities |
5,860,736,000 |
|
Fixed Assets |
3,244,475,000 |
Other Liabilities |
4,190,973,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
19,320,532,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
778,477,000 |
|
|
|
Net Worth |
3,132,485,000 |
|
Total Assets |
22,453,017,000 |
Total Liab. & Equity |
22,453,017,000 |
|
Total Assets (Previous Year) |
23,252,648,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
52,278,400,000 |
Net Profit/(Loss) |
(852,586,000) |
|
Sales(Previous yr) |
59,693,915,000 |
Net Profit/(Loss)
(Prev.yr) |
(329,700,000) |
|
Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SKODA AUTO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.A-1/1, Shendra, Five Star Industrial Area, MIDC, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
23.12.1999 |
|
|
|
|
Com. Reg. No.: |
11-123254 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.2354.008 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U34100MH1999PTC123254 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
NSKS05815F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAECS3749M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Automobiles (Motor Car). |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Volkswagen Group It is a well-established and reputed company having satisfactory track
record. The company is continuously increasing losses from its operation. However, the company receives strong business and financial support
from its parent company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered normal for 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 – 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
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of payments
is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of 18.4
% between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=AA- |
|
Rating Explanation |
High degree of safety. It carry very low
credit risk. |
|
Date |
31.10.2013 |
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 : |
Plot No.A-1/1, Shendra, Five Star Industrial Area, MIDC, |
|
Tel. No.: |
91-240-6631111/ 222/ 333/ 6631113 |
|
Fax No.: |
91-240-6631299/ 6631199 |
|
E-Mail : |
|
|
Website : |
http:// www.skoda-auto.co.in |
|
|
|
|
Factory : |
E-76, MIDC Waluj, |
DIRECTORS
AS ON 19.06.2012
|
Name : |
Mr. Sudhir Puskur Rao |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10 Lodi Khan Street, T Nagar, Chennai – 600 017, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.09.1959 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00399736 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Lagey Francois Jean - Marie |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Avenus Des Cottages 45, Genappe Ways, Belgium - 1474 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.05.1954 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01215703 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Bhikchand Mundade |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
11, Gunjan Sankul, Vaidya Nagar, Dwaraka, Nashik, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.06.1972 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
ICWAI, B.Com |
|||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
16 Years |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.05.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02659176 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Swapna Jain |
|
Designation : |
Secretary |
|
Address : |
Flat No.1, Surbhi Apartment, Jadhav Mandi, Kuwarfalli, Aurangabad –
431 001, India |
|
Date of Birth/Age : |
11.10.1981 |
|
Date of Appointment : |
08.06.2012 |
|
PAN No.: |
AHMPJ3761E |
MAJOR SHAREHOLDERS
AS ON 19.06.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Skoda Auto a.s., |
|
235400802 |
|
Skoda Auto |
|
1 |
|
|
|
|
|
Total |
|
235400803 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Skoda Auto a.s., |
|
56200000 |
|
|
|
|
|
Total |
|
56200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.06.2012
|
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 Automobiles (Motor Car). |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
The ·
CITI
Bank, ·
HSBC
Bank, ·
Bank of ·
Punjab National Bank ·
State Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Muttha Towers, 5th Floor, Suite O.8 Off. Airport Road,
Yerwada, Pune, Maharashtra, India |
|
PAN No.: |
AAEFP5579P |
|
|
|
|
Ultimate Holding
Company : |
Porsche Automobil Holding SE |
|
|
|
|
Intermediate
Holding Company : |
Volkswagen AG, |
|
|
|
|
Holding Company
: |
Skoda Auto a.s., |
|
|
|
|
Fellow Subsidiary
Companies (Enterprises in the Group with whom transactions have taken place
during the year) |
·
Audi AG, ·
Volkswagen de Mexico S.A. ·
Volkswagen Group Sales India Private Limited
(VWGSIPL) ·
Volkswagen India Private Limited (VWIPL) ·
Volkswagen Finance Private Limited (VWFPL) |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
Rs.10/- each |
Rs.5000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235400803 |
Equity Shares |
Rs.10/- each |
Rs.2354.008 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 (12 Months) |
31.03.2012 (15 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2354.008 |
2916.008 |
|
(b) Reserves & Surplus |
|
778.477 |
1631.063 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3132.485 |
4547.071 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5711.963 |
6941.329 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
6.650 |
4.150 |
|
(d) long-term provisions |
|
674.110 |
672.515 |
|
Total Non-current Liabilities (3) |
|
6392.723 |
7617.994 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
148.773 |
0.000 |
|
(b) Trade payables |
|
7597.735 |
8530.970 |
|
(c) Other current
liabilities |
|
4184.323 |
1683.691 |
|
(d) Short-term provisions |
|
996.978 |
872.922 |
|
Total Current Liabilities (4) |
|
12927.809 |
11087.583 |
|
|
|
|
|
|
TOTAL |
|
22453.017 |
23252.648 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3035.222 |
1957.276 |
|
(ii) Intangible Assets |
|
95.816 |
284.007 |
|
(iii) Capital work-in-progress |
|
113.437 |
64.769 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1368.125 |
857.025 |
|
(e) Other Non-current assets |
|
0.116 |
0.107 |
|
Total Non-Current Assets |
|
4612.716 |
3163.184 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
9056.400 |
9677.637 |
|
(c) Trade receivables |
|
739.863 |
3888.045 |
|
(d) Cash and cash
equivalents |
|
965.548 |
2568.567 |
|
(e) Short-term loans and
advances |
|
7066.428 |
3930.836 |
|
(f) Other current assets |
|
12.062 |
24.379 |
|
Total Current Assets |
|
17840.301 |
20089.464 |
|
|
|
|
|
|
TOTAL |
|
22453.017 |
23252.648 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 (12 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2352.371 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2352.371 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
4553.796 |
|
|
TOTAL BORROWING |
|
|
4553.796 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6906.167 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2007.843 |
|
|
Capital work-in-progress |
|
|
342.067 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6102.171 |
|
|
Sundry Debtors |
|
|
2956.955 |
|
|
Cash & Bank Balances |
|
|
198.881 |
|
|
Other Current Assets |
|
|
4.666 |
|
|
Loans & Advances |
|
|
4575.655 |
|
Total
Current Assets |
|
|
13838.328 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
8240.707 |
|
|
Provisions |
|
|
1616.964 |
|
Total
Current Liabilities |
|
|
9857.671 |
|
|
Net Current Assets |
|
|
3980.657 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
PROFIT/(LOSS) DEBIT BALANCE |
|
|
575.600 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6906.167 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (12 Months) |
31.03.2012 (15 Months) |
31.12.2010 (12 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
52278.400 |
59693.915 |
32319.639 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(160.299) |
285.757 |
1556.187 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
120.721 |
47.082 |
2.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(281.020) |
238.675 |
1553.320 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
571.566 |
628.637 |
629.722 |
|
|
|
|
|
|
|
|
|
Less |
IMPAIRMENT LOSS |
0.000 |
0.000 |
882.984 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(852.586) |
(389.962) |
40.614 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
(60.262) |
175.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(852.586) |
(329.700) |
(134.386) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1573.902 |
2232.837 |
1705.462 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.62) |
(1.83) |
(0.75) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (12 Months) |
31.03.2012 (15 Months) |
31.12.2010 (12 Months) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.63)
|
(0.65) |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.07)
|
(1.75) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.27)
|
(0.09) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.87
|
1.53 |
1.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38
|
1.81 |
1.40 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions (12 Months) |
31.03.2012 Rs. In Millions (15 Months) |
|
Long Term Borrowings |
|
|
|
Other Loans and
Advances (Repayable in seven equal annual
installments for every completed year after 18 years from end of tax year of
sale. First Installment is repayable in April 2024) |
5711.963 |
6941.329 |
|
Short Term Borrowings |
|
|
|
Term Loans from
Banks |
148.773 |
0.000 |
|
|
|
|
|
Total |
5860.736 |
6941.329 |
NOTE: No Charges Exist
for Company.
OVERVIEW OF BUSINESS AND OPERATIONS:
The
year has witnessed very marginal growth in the domestic sales of the passenger
vehicles in the Indian market. The market conditions also impacted the sales of
Skoda brand vehicles in the Indian market. The year, has been the tough year
for Skoda Auto India with declination in total sales from 53,947 units of
vehicles in the financial year commencing from 01/01/2011 to 31/03/2012 to
39,977 units sold in FY 2012-13.
Amidst
tough market conditions, your Board takes pride in informing you that in 2012,
SKODA’s award winning entry level sedan, the SKODA Rapid successfully completed
one year in India. Skoda Auto India celebrated this occasion by introducing
exciting offers for its customers. On this auspicious occasion, in a Press
release, Skoda Auto India’s spokesperson said, “Rapid has been a key
contributor for the growth of SKODA India this year and will continue to be one
of our prime offerings in future. Since the launch, the car has received
positive reception from its consumer, auto experts and this makes us very proud
as an auto manufacturer.” Aimed at the Indian customer, SKODA Rapid won the
hearts of many families with its attractive design, ample space, excellent
safety equipment and technology.
In
April, 2012, Skoda Auto India introduced Ambition variant to its superb model
line. While making the model line more accessible with introduction of Ambition
variant, SKODA has retained the Superb’s class-leading values in safety,
comfort and efficiency.
AWARDS AND ACHIEVEMENTS:
They
at Skoda Auto India are delighted and humbled by the following award being
bestowed on the Rapid model in India Car India 2012 Mid-Size car of the year
2011
FIXED ASSETS:
Intangible Assets
·
Technical Know-how Fee
·
Computer Software
Tangible Assets
·
·
·
·
Residential Building
·
Plant and Machinery
·
Tools
·
Computers
·
Furniture and Fixtures
·
Office Equipment
·
Vehicles
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.61.87 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
50 |
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.