MIRA INFORM REPORT
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Report Date : |
14.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMW MOTORS LIMITED |
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Registered
Office : |
Survey No. 154, 34 Km Milestone, Bhuj-Bhachau Road, Village Kanaiyabe,
Bhuj – 370020, Gujarat |
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Country : |
India |
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Date of
Incorporation : |
19.09.2011 |
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Com. Reg. No.: |
04-067190 |
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Capital
Investment / Paid-up Capital : |
Rs. 348.809 Millions |
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CIN No.: [Company Identification
No.] |
U35204GJ2011PLC067190 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Vehicles (Trucks). |
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No. of Employees
: |
Information Declined by Management
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RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “ASIA MOTORWORKS HOLDINGS LIMITED”. It is a relatively new company having a moderate track record. The management have fail to file it financial for the year 2011-2012
with the government department. Mr. Rajkumar Singh has denied to disclose any information. However, the subject gets strong’s financial support from its holding
company. Business is active. Payments are unknown. The company can be considered for business dealings with some caution. |
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 BY
|
Name : |
Mr. Rajkumar Singh |
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Contact No.: |
91-9727760127 |
|
Date : |
13.05.2013 |
LOCATIONS
|
Registered Office /
Factory : |
Survey No. 154, 34 Km Milestone, Bhuj-Bhachau Road, Village Kanaiyabe, Bhuj – 370020, Gujarat, India |
|
Tel. No.: |
91- 2832-393700 / 10 |
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Mobile No.: |
91-9727760127 (Mr. Rajkumar Singh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Corporate Office : |
7thFloor, Tower 1, Equinox Business Park, (Peninsula Techno Park), Off Bandra - Kurla Complex, L.B.S. Marg, Mumbai – 400070, Maharashtra, India |
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Tel. No.: |
91-22-33826000/67101501/02 |
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Fax No.: |
91-22-67101503/04 |
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Research and
Development Office: |
Plot No. D-3, Everest Nivara Infotech Park, TTC Industrial
area, MIDC, Turbhe, |
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Tel. No.: |
91- 22-33836400 |
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Regional Offices |
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North: |
2nd Floor, VR 1 Centre, Plot- 83, Sector – 29 Gurgaon – 122001, Haryana, India |
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Tel. No.: |
91-124-4280062 / 63 |
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Fax No.: |
91-124-4280059 |
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South: |
Plot no 33/B, Sagar Society, Road No.2, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
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Tel. No.: |
91- 40-40248473 |
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East: |
Vintage House, Near Abhinav Bharti School, 12 Pretoria Street, Opp Hotel Astor, Camac Street Crossing, Kolkata – 700071, West Bengal, India |
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North East: |
2nd Floor, Harihar Enclave, Above Andhra Bank, G.S. Road, Guwahati – 781005, Assam, India |
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Tel. No.: |
91-361-2348099 |
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Central: |
Premises No.406, 4th Floor, Wallfort Ozone, Near Fafadih Chowk, Beside Hotel Capital, Raipur - 492 001, Chhattisgarh, India |
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Tel. No.: |
91-771-2419181 |
DIRECTORS
|
Name : |
Mr. Ramasubramanian Adhinarayanan |
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Designation : |
Whole-time director |
|
Address : |
Flat No. 301, 3rd Floor, Ekta Exotique, Union Park, Off
Sion Trobay Raod, Chembur – 400071, Maharashtra, India |
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Date of Birth/Age : |
08.06.1952 |
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Date of Appointment : |
19.09.2011 |
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DIN No.: |
03507345 |
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|
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Name : |
Mr. Anirudh Bhuwalka |
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Designation : |
Director |
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Address : |
5B, Panhar, Abdul Gafar Khan Raod, Worlin Sea Face, Worli, Mumbai –
400018, Maharashtra, India |
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Date of Birth/Age : |
23.01.1975 |
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Date of Appointment : |
19.09.2011 |
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DIN No.: |
00333042 |
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Name : |
Mr. Manwant Singh Johar |
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Designation : |
Whole time Director |
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Address : |
77 Nri Colony, Shreeji Nagar, Madhapar Tal, Bhuj, District: Kutch –
370020, Gujarat, India |
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Date of Birth/Age : |
20.07.1961 |
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Date of Appointment : |
18.09.2012 |
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DIN No.: |
03306926 |
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Name : |
Mr. Garigipati Subramanyam |
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Designation : |
Whole-time director |
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Address : |
304A, Road No. 78, Jubilee Hills, Hyderabad – 500034, Andhra Pradesh,
Indi |
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Date of Birth/Age : |
12.09.1954 |
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Date of Appointment : |
19.09.2011 |
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DIN No.: |
01308897 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.08.2011
|
Names of Shareholders |
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No. of Shares |
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A. Ramasubramanian Adhinarayanan |
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10 |
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Asia Motorworks Holding Limited, India |
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49940 |
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G Subramanyam |
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10 |
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Anand Mimani |
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10 |
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M S Johar |
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10 |
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Nitin Chamaria |
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10 |
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Usha Iyenger |
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10 |
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Total |
|
50000 |
As on 29.03.2013
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Names of Allottees |
|
No. of Shares |
|
Asia Motorworks Holding Limited, India |
|
34830936 |
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|
|
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Total |
|
34830936 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Vehicles (Trucks). |
GENERAL INFORMATION
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No. of Employees : |
Information Declined by Management
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Bankers : |
Not Available |
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Banking
Relations : |
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Financial Institutional: |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R.Kamani
Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
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Auditors : |
Not Available |
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Subsidiaries: |
Tranztar Commercial Vehicle Applications Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45050000 |
Equity Shares |
Rs.10/- each |
Rs. 450.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34880936 |
Equity Shares |
Rs.10/- each |
Rs. 348.809 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been denied by Mr. Rajkumar
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 |
Yes |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
No |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate identity number of the company |
U35204GJ2011PLC067190 |
|
Name of the company |
AMW MOTORS LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Survey No. 154, 34
Km Milestone, Bhuj-Bhachau Road, Village Kanaiyabe, Bhuj – 370020, Gujarat,
India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Book
debts Movable
property (not being pledge) |
|
CIN |
U35204GJ2011PLC067190 |
|
Particular of charge holder |
IDBI Trusteeship Services Limited, Asian Building, Gorund Floor, 17,
R.Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
Nature of instrument creating charge |
Deed of Hypothecation dated 27th September, 2012 Note: Consequent to the Scheme of Arrangement passed by Hon'ble High
Court of Gujarat the Term loan of Rs. 4012.300 Millions and Working capital
loan of Rs. 9284.000 Millions is being transferred to the Company |
|
Date of instrument Creating the charge |
27.09.2012 |
|
Amount secured by the charge |
Rs.13296.300 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Common Term Loan Agreement dated 27.09.2012 Terms of Repayment Common Term Loan Agreement dated 27.09.2012 Extent and Operation of the charge Deed of Hypothecation dated 27.09.2012 Others 2ONE |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Deed of Hypothecation dated 27.09.2012 |
WEBSITE DETAILS
PRESS RELEASES
AMW SALES ZOOM 50% DURING FY-2012
09 APRIL 2012
Truck sales cross 10,000 units
Mumbai: India's third largest heavy commercial vehicle manufacturer, Asia MotorWorks (AMW) grew strongly during the year ended March 2012, with its sales rising by 50% to 10,000 trucks. The company also became the second largest player in the fast growing Tipper segment with a 25% market share, outpacing established players that have been in the market for decades.
AMW's sales growth is well in excess of the overall HCV market which is estimated to havegrown by 8% during 2011-12. During the previous year AMW also launched 11 new models including the 1618 Tipper model, as well as its haulage range of trucks, which gives the company expanded access to the overall HCV market.
This strong performance is all the more creditable considering the headwinds that have affected the Indian commercial vehicle market during the previous year. These included slowing GDP growth, tighter liquidity and policy paralysis. Despite these challenges, AMW has seen growing demand for its models across the country.
AMW already has 25,000 trucks on Indian roads since it began commercial production in 2008. The company also added 60 new dealers during the previous year and has won over customers with its focus on operator productivity and driver comfort.
AMW Profile
Asia MotorWorks (AMW) is India's third largest manufacturer of heavy commercial vehicles and has achieved a unique position in India's transportation sector through innovative engineering and customer orientation.
Rolling out its trucks in 2008, AMW has increased its presence in a competitive market place through its products and wide service network. AMW is an intrinsic part of India's largest infrastructure and construction projects including the Golden Quadrilateral.
AMW is also the fastest growing truck brand in India with an annual volume growth of over 100% for the last three years. In addition AMW has a dominant presence in the fast growing Tipper segment. Its vehicles are the preferred choice in the mining, construction and infrastructure sectors, where they operate under very arduous road and load conditions.
The company has a widespread and growing dealer and service network across India with 113 dealerships and over 1,500 touch points. This network includes sales and service centres, authorized service outlets, mobile vans, workshops and a 24X7 helpline called 'AMW Seva' which ensures a rapid response to customer needs.
Wide Product Range
AMW offers trucks ranging from 16 to 49 tons and has pioneered several segments in the Indian CV market. The AMW 49 ton model created the segment and was India's largest tractor trailer at launch. In addition, AMW also created the construction and mining segments in the Indian CV market with its range of tippers.
AMW won the 'Truck of the Year' award from NDTV in January 2008. In addition, it also got the coveted 'CV Innovation of the Year 2009-10' award for its 3123 model. AMW CV Applications was given the 'Truck Application Builder of the Year- 2010' award for its Tranztar brand of fully built vehicles.
State of the Art Plant at Bhuj
AMW's fully integrated manufacturing facility in Bhuj, Gujarat, has a planned capacity of 50,000 commercial vehicles per annum. It currently employs about 1,200 people and uses state of the art production processes to build world class trucks for the Indian market.
ASIA MOTOR WORKS PLANS TO
RAISE $100 MILLION FOR EXPANSION
APRIL 13, 2012
"We are a
growing company, and we are in the phase of growth capital. We are exploring
various options, including selling stake to a PE player. If we get a good value
we may sell a minor stake, if not, we are open to raising debt as well,"
Aniruddh Bhuwalka, MD of AMW, told ET.
Considered by
experts as one of the dark horses in the Indian trucking market, AMW is the one of fastest
growing brands in the heavy truck segment.
The company has
already overtaken seasoned players like Volvo, Eicher and MAN-Force (currently
MAN Trucks) as the third-largest heavy truck maker and last fiscal it also overtook Ashok Leyland as the
number two player in the tipper segment.
VG Ramakrishnan, senior
director, automotive at Frost and Sullivan, believes the company has managed to
understand the customer needs well and simple strategy of assembling the
aggregates has paid off, but if company is moving towards more in-depth
manufacturing complexities will increase, he feels.
"The rise of
AMW Trucks has surprised many and they have done a good job so far. Going ahead
it will be difficult to replicate the success with the intense competitive
environment and increasing complexity internally with the strategy on
manufacturing more in-house. If they are able to sustain the understanding of
market needs, the company will be a force to reckon with going ahead,"
said Ramakrishnan.
The medium and
heavy truck segment (16-49 tonnes) grew by 5.38% to 235,000 units in 2011-12 Vs
223,000 units in 2010-11.
Already available
in the mid-price category from 16-49 tonnes, AMW Trucks in 2012-13 will expand
into premium end of the market to take on Tata Motors Prima World Truck and Ashok Leyland 'U' Trucks with 25 tonnes tipper and 49 tonner tractor
trailer and it is already rolling out mass market haulage trucks right from
16-49 tonnes, which will boost volumes.
These are the
segments which constitutes 65% of the market and a space where company had no
presence before.
"We are
vertically integrating, earlier we use to have a complete buy strategy, now we
are slowly moving to make some of the things in-house. We are now localizing
truck cabins; we have put a state of the art fabrication shop," added
Bhuwalka.
In the fiscal
gone by, AMW Trucks sold 10,000 trucks growing by over 50% as against a market
growth of 8% thanks to 10 new products it launched and an entry into a 16 tonne
category. The company's market share grew to 4% from 2.5% in 2010-11.
In 2012-13 too, it
is aiming to double the volumes and turnover to 20,000 units and take its
turnover from Rs 25000.000 Millions to a billion dollars in revenue and this
too will be aided by series of new launches.
HCV MAKER ASIA MOTOR WORKS GETS HC NOD FOR DEMERGER
SEPTEMBER 3,
2012
India's third largest heavy commercial vehicle (HCV) manufacturer Asia Motor Works Limitd (AMW) with its manufacturing plant is Kutch district has got nod from Gujarat Highc Court for demerger into two companies for for better and efficient management and attracting investments.
The Scheme of Arrangement for demerger under Sections 391 to 394 of the Companies Act, 1956 was approved by the Justice Abhilasha Kumari last week.
Following this approval the AMW would demerge into AMW Motors Limited (AMWML) and AMW Auto Components Limited (AACL).
AMW is primarily engaged in the business of manufacturing, retailing, buying, selling, importing, exporting, and dealing in motor vehicles, components, trucks, tractor chassis, machineries, automobile fitment, to name a few.
After the demerger the heavy commercial vehicle division of AMW would vest with AMWML while the auto component divisions would go to AACL. The demerger was sought for better and efficient management of the resulting undertakings. AMW had further contended that demerger would lead to pooling of investment interest in the resulting companies and would increase the ability to make use of, and benefit from, the asset base in a more efficient way. It had further said that the scheme of arrangement would enhance the equity value of the demerged company's shareholders directly and reduce its liabilities due to the transfer of entire liabilities and obligations pertaining to the demerged undertakings, thereby resulting in lower debt serving and support from the undertakings.
AMW EXPANDS ITS SERVICE NETWORK
IN ASSAM
25 SEPTEMBER 2012
Rongmon Automobiles joins AMW network
Mumbai: India's third largest heavy commercial vehicle manufacturer, Asia MotorWorks Limited. (AMW) expanded its presence in Assam today, with the opening of its new state of the art service dealership, Rongmon Automobiles in Dibrugarh.
Rongmon Automobiles was inaugurated by Mrs. Jibantara Ghatowar, MLA, Moran consistency. Mr. R.C. Mangal, Chief Marketing Officer, AMW was also present on the occasion. Commenting on the opening of this new service dealership, Mr. Mangal said, "Assam is an important market for AMW and we are proud to have 30% market share In the HCV segment in the region. With a growing number of AMW trucks in this region, we have strengthened our service network in order to make available high quality aftermarket support to our customers. The inauguration of Rongmon Automobiles as our service dealer is yet another step in that direction."
AMW also showcased the AMW 1618TP, which specifically meets the demand of the customers for the large infrastructure projects carried out in Dibrugarh and surrounding areas. Also on display was the AMW 3518TR, the heavy-duty tractor-trailer from the AMW stable.AMW currently offers 22 truck variants in the16 to 49 tonne range
Sunil Gogoi of Rongmon Automobiles said, "We are extremely happy to be part of the AMW fraternity. I look forward to a partnership that will bring world class service to customers in this region." Mr. Gogoi is also in the business of construction and manufacturing of industrial gases.
Rongmon Automobiles would provide five-bay service facility and associated support for maintenance, repair and spares. In the future, it would also offers facilities for drivers who wish to take a night halt at the dealership while their trucks are being serviced.
AMW Profile
Asia MotorWorks (AMW) is India's third largest manufacturer of heavy commercial
vehicles and has achieved a unique position in India's transportation sector
through innovative engineering and customer orientation.
Rolling out its trucks in 2008, AMW has increased its presence in a competitive market place through its products and wide service network. AMW is an intrinsic part of India's largest infrastructure and construction projects including the Golden Quadrilateral.
AMW is also the fastest growing truck brand in India with an annual volume growth of over 100% for the last three years. In addition AMW has a dominant presence in the fast growing Tipper segment. Its vehicles are the preferred choice in the mining, construction and infrastructure sectors, where they operate under very arduous road and load conditions.
The company has a widespread and growing dealer and service network across India with 123 dealerships and over 1,500 touch points. This network includes sales and service centres, authorized service outlets, mobile vans, workshops and a 24X7 helpline called 'AMW Seva' which ensures a rapid response to customer needs.
Wide Product Range
AMW offers trucks ranging from 16 to 49 tons and has pioneered several segments in the Indian CV market. The AMW 49 ton model created the segment and was India's largest tractor-trailer at launch. In addition, AMW also created the construction and mining segments in the Indian CV market with its range of tippers.
AMW won the prestigious 'CV Maker of the Year Award' 2012 by Apollo-CV Magazine. In addition, AMW won the 'Truck of the Year' award from NDTV in January 2008. The company also received the coveted 'CV Innovation of the Year 2009-10' award for its 3123 model. AMW CV Applications was given the 'Truck Application Builder of the Year- 2010' award for its Tranztar brand of fully built vehicles.
State of the Art Plant at Bhuj
AMW's fully integrated manufacturing facility in Bhuj, Gujarat, has a planned capacity of 50,000 commercial vehicles per annum. It currently employs about 1,200 people and uses state of the art production processes to build world class trucks for the Indian market.
AMW TALKING TO LENDERS FOR
DEBT RECAST
10 MARCH 2013
Loss-making heavy
truck maker Asia Motor Works has said it has approached its lenders to
restructure Rs 8000.000 Millions of its debt.
“We have
approached our lenders for restructuring around Rs 8000.000 Millions of our
debt. We hope it works out,” company’s Managing Director Aniruddh Bhuwalka told
PTI.
He, however, did
not reveal details like the total debt or the name of lenders, saying AMW,
which is the third largest truck maker in the country, is a privately held
concern.
However, it is
learnt that Chennai-based Indian Overseas Bank is the lead lender to the
troubled company.
This, however,
could not be independently verified with IOB as its Chairman and Managing
Director M. Narendra was not immediately available for comments.
Asia Motor Works
(AMW) is also believed to have borrowed from six other public sector banks.
Explaining the
reason for knocking on doors of lenders with a CDR request, Bhuwalka said,
“This fiscal so far, my sales have fallen by over 50 per cent. Neither I see
some greenshoots coming in the near future. So, to secure the business as a
whole, this is the best available options in front of me.”
AMW, which
manufactures mining trucks and construction equipment, has been hit hard in the
economic slowdown. Its business got impacted as construction activities have
been hardly taking place of late, especially in the large infra sectors like
roads.
Last year, it had
put on hold its fund-raising plans through private equity.
Other than
trucks, the company also manufactures components for the automotive and general
engineering industries.
The company is
the largest single-location plant for wheel rims in Asia. While its trucks, all
of which have AC cabins, the first in the country, are priced 15—20 per cent
above Tata and Leyland, they are over 50 per cent cheaper than Volvo.
AMW, which sold
10,000 trucks last fiscal, claims an overall market share of 6 per cent and 25 per
cent in mining and construction equipment segment of the truck business,
respectively.
It also exports
to the Saarc region and has plans to enter the Middle East and North African
region with its new generation products.
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.54.91 |
|
|
1 |
Rs.84.44 |
|
Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.