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Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
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Name : |
FIAT GROUP AUTOMOBILES INDIA PRIVATE LIMITED (w.e.f. 26.07.2012) |
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Formerly Known
As : |
AKAT AUTOMOTIVE DISTRIBUTION COMPANY PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Date of
Incorporation : |
07.03.2012 |
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Com. Reg. No.: |
11-227795 |
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Capital
Investment / Paid-up Capital : |
Rs. 112.100 Millions |
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CIN No.: [Company Identification
No.] |
U50102MH2012PTC227795 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company was incorporated in |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ‘FIAT Group Automobiles The management of the company remained non-cooperative. However, the net worth of the company appears to be good. Trade relations are reported as improving. Business is active. Payment
terms are unknown. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION DECLINED
Management Non Co-Operative (91-22-39462600)
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-22-39462600 |
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Fax No.: |
91-22-39462609 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Anuraag Harshad Kothari |
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Designation : |
Director |
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Address : |
703, |
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Date of Birth/Age : |
29.01.1974 |
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Date of Appointment : |
07.03.2012 |
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Date of Cessation : |
09.10.2012 |
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DIN No.: |
00167963 |
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Name : |
Mr. Amit Shrikant Tambe |
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Designation : |
Director |
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Address : |
Flat 25, Vaibhav Apartments, |
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Date of Birth/Age : |
06.05.1977 |
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Date of Appointment : |
07.03.2012 |
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Date of Cessation : |
09.10.2012 |
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DIN No.: |
01653743 |
Note: Management denied to give any information
about current director.
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.02.2012
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Names of Shareholders |
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No. of Shares |
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Amit Shrikant Tambe |
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9999 |
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Anuraag Harshad Kothari |
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1 |
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Total |
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10000 |
As on 31.07.2012
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Names of Allottee |
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No. of Shares
Allotted |
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Fiat Group Automobiles |
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4200000 |
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Total |
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4200000 |
As on 20.12.2012
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Names of Allottee |
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No. of Shares
Allotted |
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Fiat Group Automobiles |
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7000000 |
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Total |
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7000000 |
BUSINESS DETAILS
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Line of Business : |
The company was incorporated in |
GENERAL INFORMATION
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Holding Company : |
Fiat Group Automobiles |
CAPITAL STRUCTURE
After 23.02.2012
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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11210000 |
Equity Shares |
Rs.10/- each |
Rs. 112.100
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
No |
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10] |
Designation of contact person |
No |
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11] |
Turnover of firm for last three years |
No |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
---------- |
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14] |
Estimation for coming financial year |
No |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister concerns |
Yes |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details (if applicable) |
No |
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21] |
Market information |
------------- |
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22] |
Litigations that the firm / promoter involved in |
------------- |
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23] |
Banking Details |
No |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
-------------- |
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26] |
Buyer visit details |
-------------- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if applicable |
No |
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29] |
Last accounts filed at ROC |
No |
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30] |
Major Shareholders, if available |
Yes |
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31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating, if available |
No |
Note:
1. The registered
office of the company has been shifted from Trilegal, 14th Floor, One
Indiabulls Centre, Tower One,
Elphinstone Road, Mumbai – 400013, Maharashtra, India to Corporate Park - II, 5th Floor,
Sion - Trombay Road, Mumbai – 400071, Maharashtra, India w.e.f. 07.06.2012
The registered office of the company has been again shifted
from
2. CURRENT
MATURITIES OF LONG TERM DEBT : NOT AVAILABLE
3. NO CHARGES EXIST FOR COMPANY
PRESS RELEASE :
FIAT OPENS ITS
TRAINING CENTRE IN PUNE
Posted on 18 Feb
2013
Fiat opened its first state-of-the-art training centre at Ranjangaon in Pune in an effort to train its personnel in meeting global standards in manufacturing and after sales service
Fiat Group Automobiles Private Limited
The whole facility will have 3 classrooms with audio visual
support and experts from
The training programme will include a module of studying web-based and remote access learning tools and working on the latest diagnostic tools for enhanced understanding of the systems and processes of the company. Throwing some light on the real objective behind this programme Enrico Antanasio, Managing Director of FGAIPL said, “With this programme we hope to develop highly skilled and trained manpower that will cater to the automobile industry and serve our customers better by ensuring end to end process standardization and execution.”
With the aim of enabling employees with the most effective training, the program is designed to support the systems in Fiat and Chrysler such as those for warranty part supply. Experts from Fiat Power Train will conduct special sessions to provide knowledge and expertise to replicate the best practices in power train manufacturing processes.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 59.30 |
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1 |
Rs. 91.18 |
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Euro |
1 |
Rs. 78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
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Report Prepared
by : |
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RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.