MIRA
INFORM REPORT
|
Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXCLUSIVE MOTORS PRIVATE LIMITED |
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Registered
Office : |
Lower Ground Floor, 7/17, Sarvapriya Vihar, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
19.08.2002 |
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Com. Reg. No.: |
55-116587 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.393 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL2002PTC16587 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELEO2558D |
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PAN No.: [Permanent Account No.] |
AABCE1170F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer of Bentley Motors Limited |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 343000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payments
terms are usually correct. The company can be considered 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 : |
Lower Ground Floor, 7/17, Sarvapriya Vihar, |
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Tel. No.: |
91-11-24121616 / 1717 / 71045555 |
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Fax No.: |
91-11-26111616 |
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E-Mail : |
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Website : |
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Sales office : |
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Tel. No.: |
91-22-22885556 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Satya Prakash Bagla |
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Designation : |
Chairman Cum Managing Director |
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Address : |
7/17, Survapriya Vihar, |
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Date of Birth/Age : |
16.03.1967 |
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Date of Appointment : |
19.08.2002 |
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DIN No.: |
00165096 |
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Other Directorship:
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Name : |
Mr. Mihir Kumar Patel |
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Designation : |
Director |
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Address : |
House No. 230, Sector – 14, Gurgoan, |
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Date of Birth/Age : |
01.07.1976 |
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Date of Appointment : |
19.08.2002 |
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DIN No.: |
00180933 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Lalit Kumar Bagla |
|
301000 |
|
Rashmi Patel |
|
900 |
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Satya Prakash Bagla |
|
18800 |
|
Sarya Prakash Bagla |
|
18650 |
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Total |
|
339350 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Bentley Motors Limited |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
ICICI Bank Limited, |
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Facilities : |
SECURED LOAN : Rs In Millions
Note: Secured by
hypothecations of vehicles and repayable by way of EMI. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
AVK And Associates Chartered Accountants |
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Address : |
KD – 117, Near Kohat Enclave Metro Station, Pitampura, |
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PAN No.: |
AAAFV4991R |
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Email ID : |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
339350 |
Equity Shares |
Rs. 10/- each |
Rs. 3.393 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
3.393 |
3.393 |
|
(b) Reserves & Surplus |
|
82.296 |
54.468 |
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(c) Money
received against share warrants |
|
0.000 |
0.000 |
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(2) Share Application money pending allotment |
|
0.000 |
0.000 |
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(3)
Non-current liabilities |
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|
|
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(a) long-term borrowings |
|
58.517 |
22.029 |
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(b) Deferred tax liabilities (Net) |
|
5.135 |
4.170 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
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(d) long-term provisions |
|
0.000 |
0.000 |
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|
|
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(4) Current liabilities |
|
|
|
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(a) Short term borrowings |
|
0.000 |
0.000 |
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(b) Trade payables |
|
34.124 |
8.697 |
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(c) Other current
liabilities |
|
232.914 |
175.774 |
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(d) Short-term provisions |
|
6.476 |
0.431 |
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TOTAL |
|
422.855 |
268.962 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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(a) Fixed Assets |
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|
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(i) Tangible assets |
|
60.712 |
45.055 |
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(ii) Intangible Assets |
|
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
|
0.000 |
4.469 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
|
8.597 |
5.969 |
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(e) Other Non-current assets |
|
0.000 |
0.000 |
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(2) Current assets |
|
|
|
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(a) Current investments |
|
0.000 |
0.000 |
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(b) Inventories |
|
247.653 |
90.403 |
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(c) Trade receivables |
|
12.258 |
19.920 |
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(d) Cash and cash
equivalents |
|
2.359 |
1.743 |
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(e) Short-term loans and
advances |
|
91.230 |
98.180 |
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(f) Other current assets |
|
0.046 |
3.223 |
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TOTAL |
|
422.855 |
268.962 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.393 |
|
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2] Share Application Money |
|
|
0.000 |
|
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3] Reserves & Surplus |
|
|
40.660 |
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4] (Accumulated Losses) |
|
|
0.000 |
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NETWORTH |
|
|
44.053 |
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LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
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|
15.000 |
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2] Unsecured Loans |
|
|
22.371 |
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TOTAL BORROWING |
|
|
37.371 |
|
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DEFERRED TAX LIABILITIES |
|
|
3.351 |
|
|
|
|
|
|
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TOTAL |
|
|
84.775 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
|
36.263 |
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Capital work-in-progress |
|
|
1.682 |
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INVESTMENT |
|
|
0.000 |
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DEFERRED TAX ASSETS |
|
|
0.077 |
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|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
|
|
74.298 |
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Sundry Debtors |
|
|
22.354 |
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Cash & Bank Balances |
|
|
4.406 |
|
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Other Current Assets |
|
|
1.041 |
|
|
Loans & Advances |
|
|
106.558 |
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Total
Current Assets |
|
|
208.657 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
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Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
161.895 |
|
|
Provisions |
|
|
0.009 |
|
Total
Current Liabilities |
|
|
161.904 |
|
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Net Current Assets |
|
|
46.753 |
|
|
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|
|
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|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
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|
|
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TOTAL |
|
|
84.775 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income |
652.293 |
223.255 |
|
|
|
|
Other Income |
59.376 |
65.775 |
|
|
|
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TOTAL |
711.669 |
289.030 |
117.637 |
|
|
|
|
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TOTAL EXPENSES |
670.193 |
267.943 |
109.830 |
|
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PROFIT BEFORE
TAX |
41.476 |
21.087 |
7.807 |
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|
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|
|
|
|
|
TAX |
12.479 |
6.375 |
1.847 |
|
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PROFIT AFTER TAX
|
28.997 |
14.712 |
5.960 |
|
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EARNINGS IN
FOREIGN CURRENCY |
33.336 |
36.791 |
25.970 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
98.23 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.07
|
5.09 |
5.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.36
|
9.45 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.81
|
7.97 |
3.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48
|
0.36 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.68
|
0.38 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.15 |
1.29 |
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 |
No |
|
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 |
No |
NOTE: Registered office
of the company has been shifted from Room No. 1, Front Portion, 7/17, Sarvapriya
Vihar,
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
LONG TERM
BORROWINGS |
|
|
|
Loan from related parties |
9.920 |
7.280 |
|
Inter Corporate Deposits |
48.500 |
13.600 |
|
Total |
58.420 |
20.880 |
NEWS
BENTLEY LAUCHES
PRIVACY CURTAINS FOR MULSANNE
Bentley Motors unveiled the Continental GT3 Concept Racer to
the world at the Paris Auto Salon in September 2012. Since then, the Bentley
GT3 teams led by Bentley’s Director of Motorsport, Brian Gush – the man in
charge when the iconic Bentley Speed 8 won at
Working with GT3 technical partner, M-Sport Limited, the race-ready version of the Continental has been taking shape over the last six months, and features:
- a race-configured version of Bentley’s highly efficient 4.0-litre twin-turbo V8 engine
- a six-speed sequential racing gearbox
- double wishbone suspension
- four-way adjustable dampers
- competition brakes
More than 1000 kg of weight has been saved over the Continental GT road car by removing the equipment and parts: double glazing, over fifty ECUs, veneer and leather trimmed doors and extensive electrical systems. The seats, doors, boot-lid and bonnet are now hand-crafted in lightweight carbon fibre.
The Continental GT3 will soon be ready to begin a test programmer ahead of its race debut. More details and specification of the Continental GT3 will be released soon.
BENRLEY INTRODUCES
THE ALL-NEW FLYING SPUR
Designed to further enhance the comfort of your passengers, the addition of new Privacy Curtains will give complete blackout and privacy in the rear of the car, allowing you to keep the outside world out when and where you desire it most.
Seamlessly integrated into the rear doors and rear window, the curtains can be electronically operated by buttons in both the front console and the rear passenger compartment, whichever suits you best. When open, the door curtains partially cover the D pillar to offer increased privacy even when not in use.
Available in Beluga, the soft-touch fabric is pleated to complement the fluting of your seats and each curtain is hand-finished to ensure Bentley’s exacting standards.
While other aftermarket alternatives are available, none are subject to Bentley’s exhaustive testing nor include Bentley’s comprehensive warranty.
Privacy guaranteed – at the touch of a button…
For further information about this new product please speak to one of our sales representatives.
BENTLEY LAUCHES ITS FASTEST PRODUCTION MODEL EVER - THE NEW CONTANETAL GT SPEED
Bentley is introducing a new performance flagship, its
fastest production model ever, the Continental GT Speed coupe. The new 329km/h
GT Speed will appeal to driving enthusiasts who love to drive fast, with
exhilarating power, agile handling, distinctive design and supreme comfort.
At the heart of the new Continental GT Speed is an up-rated version of the
unique Bentley 6-litre, 48-valve, four-cam, twin turbocharged W12 engine. For the
new model, the legendary Bentley W12 develops 625 PS (616 bhp/460 kW) at 6000
rev/min and 800 Nm of torque to deliver thunderous, super car performance with
effortless overtaking capability. The 0-100 km/h sprint is dispatched in a mere
4.2s and on to a top speed of 329 km/h.
Its hand-crafted interior, which can be trimmed in a variety of materials from
Burr Walnut to Dark Tint Aluminium, is supremely comfortable over long
distances. Its chassis delivers breath-taking agility, with performance-focused
clarity of steering feel and feedback, yet still shields you from harsh road
surfaces with supple resilience.
Commenting on the new GT Speed, Dr Wolfgang Schreiber, Bentley’s Chairman and
Chief Executive says: “For nearly a decade, the Bentley Continental GT has
defined high luxury, high performance grand touring and the unique W-12 engine
has been so successful that Bentley is now the world’s largest producer of
12-cylinder engines. The new GT Speed with its harder-edged, sportier character
reaffirms this pinnacle positioning and continues to broaden the worldwide
appeal of the Continental coupe.”
FIXED ASSETS:
- Showroom
- Workshops
- Office Equipments
- Workshop Machinery and Equipments
- Tools and Kits
- Air Conditioning System
- Computer
- Vehicle
- Furniture and Fixture
- Electric Fans
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proeeding 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. 59.35 |
|
|
1 |
Rs. 92.11 |
|
Euro |
1 |
Rs. 78.59 |
INFORMATION DETAILS
|
Report Prepared by
: |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
|
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.