1. Summary Information
|
|
|
Country |
|
|
Company Name |
BOSCH LIMITED |
Principal Name 1 |
Dr. A. Hieronimus |
|
Status |
Excellent |
Principal Name 2 |
Dr. B. Bohr |
|
|
|
Registration # |
08-000761 |
|
Street Address |
|
||
|
Established Date |
12.11.1951 |
SIC Code |
-- |
|
Telephone# |
91-80-22992111/2220088/ 22992195/22222393 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-22272728 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Automobile Equipment and Machinery |
|
|
# of employees |
12232 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 314,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Promoter and Promoter Group –
71.18% Public shareholding – 28.82% |
Banking |
State
Bank of |
|
Public Limited Corp. |
Yes |
Business Period |
62 Years |
|
IPO |
Yes |
International Ins. |
-- |
|
Public |
Yes |
Rating |
Aa (75) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Robert Bosch GmbH, |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
36,125,000,000 |
Current Liabilities |
14,369,000,000 |
|
Inventories |
10,957,000,000 |
Long-term Liabilities |
1,850,000,000 |
|
Fixed Assets |
8,633,000,000 |
Other Liabilities |
7,087,000,000 |
|
Deferred Assets |
2,552,000,000 |
Total Liabilities |
23,306,000,000 |
|
Invest& other Assets |
20,772,000,000 |
Retained Earnings |
55,419,000,000 |
|
|
|
Net Worth |
55,733,000,000 |
|
Total Assets |
79,039,000,000 |
Total Liab. & Equity |
79,039,000,000 |
|
Total Assets (Previous Year) |
71,310,000,000 |
|
|
|
P/L Statement as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
84,172,000,000 |
Net Profit |
9,583,000,000 |
|
Sales(Previous yr) |
79,295,000,000 |
Net Profit(Prev.yr) |
11,227,000,000 |
MIRA
INFORM REPORT
IDENTIFICATION DETAILS
|
Name : |
BOSCH LIMITED |
|
|
|
|
Formerly Known
As : |
MOTOR INDUSTRIES COMPANY LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
12.11.1951 |
|
|
|
|
Com. Reg. No.: |
08-000761 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 314.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L85110KA1951PLC000761 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM01746D |
|
|
|
|
Legal Form : |
A Public limited liability company. The company’s shares are listed on the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Automobile Equipment and Machinery. |
|
|
|
|
No. of Employees
: |
12232 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (75) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 223000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well established and reputed company having fine track
record. There appears a slight dip in the profitability of the company on 2012.
However, Financial position of the company is good. Fundamentals are strong
and healthy. Trade relations are fair. Business is active. Payments terms are
regular and as per commitments. 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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
“SP 1A” |
|
Rating Explanation |
Highest performance capability and high financial
strength to undertake off grid solar projects |
|
Date |
July 2, 2012 |
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 : |
|
|
Tel. No.: |
91-80-22992111/ 22220088/ 22992195/ 22222393 |
|
Fax No.: |
91-80-22272728 |
|
E-Mail : |
a.vijayashankar@in.bosch.com |
|
Website : |
|
|
|
|
|
Head Office : |
RMB Complex, Adugodi, |
|
Tel. No.: |
91-80-22999279/ 22992705 |
|
Fax No.: |
91-80-22992758 |
|
|
|
|
Corporate Office/Factory 1 : |
Post Box No.3000, Hosur Road, Adugodi, Bangalore – 560030, Karnataka,
India. |
|
Tel. No.: |
91-80- 2299 2393 |
|
Fax No.: |
91-80- 22272228 |
|
|
|
|
Factory 2 : |
Naganathapura Plant, P.B.No.6887,
Electronic City Post Office, |
|
Tel. No.: |
91-80-28521221 |
|
Fax No.: |
91-80-28521239 |
|
|
|
|
Factory 3 : |
SP -663, RIICO Industrial Area, Sitapura,
Jaipur – 302022, |
|
Tel. No.: |
91-141-2771700 |
|
Fax No.: |
91-141-2771787 |
|
|
|
|
Factory 4 : |
Post Box No.64, 75, MIDC Estate, Sitapur, |
|
Tel. No.: |
91-253-2350342/45 |
|
Fax No.: |
91-253-2294999 |
|
|
|
|
Factory 5 : |
Packaging Technology Division N4, PhaseIV, Verna Industrial Estate,
Verna, Salcete, Goa – 403722, India. |
|
Tel. No.: |
91-832- 6692 018 |
|
Fax No.: |
91-832-6692028 |
|
|
|
|
Sales Office : |
Located
at :
|
|
|
|
|
Regional Office : |
Located at :
|
DIRECTORS
As on 31.12.2012
|
Name : |
Dr. A. Hieronimus |
|
Designation : |
Chairman |
|
Other Directorship: |
·
MindTree Limited (Vice Chairman) ·
Bosch Rexroth AG (Member of Supervisory Board) |
|
|
|
|
Name : |
Dr. B. Bohr |
|
Designation : |
Director |
|
Date of Appointment : |
15.06.2005 |
|
Other Directorship: |
·
ZF Lenksysteme GmbH (Chairman of ·
Supervisory Board) |
|
|
|
|
Name : |
Mr. B. Muthuraman |
|
Designation : |
Director |
|
Other Directorship: |
· Tata International Limited(Chairman) · Tata Africa Holdings (SA) (Pty) Limited(Chairman) · Tata Steel Limited (Vice Chairman) · Tata Industries Limited · Tata Steel Europe Limited · Tulip UK Holdings No.2 Limited · Tulip UK Holdings No.3 Limited ·
Tata Incorporated, ·
- Strategic Energy Technology Systems Limited |
|
|
|
|
Name : |
Mr. Prasad Chandran |
|
Designation : |
Director |
|
Other Directorship: |
· BASF India Limited (Chairman and Managing Director) ·
BASF Asia Pacific ( · BASF Lanka Private Limited (Chairman) ·
BASF Catalysts ( · BASF Bangladesh Limited · BASF Grameen Limited · Indo German Chamber of Commerce (Committee Member) · Federation of Indian Chamber of Commerce (Executive Committee Member) ·
· The Energy and Resource Institute(Committee Member) |
|
|
|
|
Name : |
Dr. Steffen Berns |
|
Designation : |
Managing Director (from 01.01.2013) |
|
Other Directorship: |
·
Robert Bosch Engineering and Business ·
Solutions Limited ·
Bosch Automotive Electronics India Private
Limited ·
MICO Trading Private Limited ·
Robert Bosch(Bangladesh)Limited (from 01.02.13) |
|
|
|
|
Name : |
Mr. Soumitra Bhattacharya |
|
Designation : |
Alternate Director for Dr. B. Bohr (up to 31.12.2012) Joint Managing Director (from 01.01.2013) |
|
Other Directorship: |
· Bosch Electrical Drives India Private Limited · MICO Trading Private Limited · Automotive Component Manufacturers · Association of India (Chairman of Consumers · Affairs and Anti-Counterfeiting Committee) · Confederation of Indian Industry (Vice - |
|
|
|
|
Name : |
Mr. V. K. Viswanathan |
|
Designation : |
Managing Director (up to 31.12.2012) Vice Chairman (from 01.01.2013) |
|
Other Directorship: |
·
Robert Bosch Engineering and Business ·
Solutions Limited (up to 31.12.12) ·
Bosch Rexroth (India) Limited (up to 31.12.12) ·
Bosch Chassis Systems India Limited (up to
31.12.12) ·
Bosch Automotive Electronics India Private
Limited (up to 31.12.12) ·
Bosch Electrical Drives India Private Limited (up
to 31.12.12) ·
MICO Trading Private Limited (up to 31.12.12) ·
BSH Household Appliances Mfg. Private Limited ·
FLSmidth Private Limited ·
Robert Bosch (Bangladesh)Limited (up to 01.02.13) ·
Indo-German Chamber of Commerce (President) ·
Confederation of Indian Industry (Committee
Member, Southern & National) |
|
|
|
|
Name : |
Mr. B. Steinruecke |
|
Designation : |
Director |
|
Other Directorship: |
·
FAG Bearings India ·
Zodiac Clothing Company Limited ·
HDFC ERGO General Insurance Company Limited ·
Apollo Munich Health Insurance Company Limited ·
Indo German Chamber of Commerce (Director
General) |
|
|
|
|
Name : |
Mrs. Renu. S. Karnad |
|
Designation : |
Director |
|
Other Directorship: |
·
HDFC Property Ventures Limited (Chairperson) ·
Credila Financial Services Private Limited
(Chairperson) ·
HDFC Education and Development Services Private
Limited (Chairperson) ·
Housing Development Finance Corporation Limited
(Managing Director) ·
HDFC Asset Management Co. Limited ·
HDFC ERGO General Insurance Co. Limited ·
HDFC Standard Life Insurance Co. Limited ·
Credit Information Bureau (India) Limited ·
GRUH Finance Limited ·
HDFC Bank Limited ·
AKZO Nobel India Limited ·
Indraprastha Medical Corporation Limited ·
Feedback Infrastructure Services Private Limited ·
G4S Corporate Services (India) Private Limited ·
Value and Budget Housing Corpn(India)Private
Limited ·
Lafarge India Private Limited ·
EIH Limited ·
HT Parekh Foundation ·
WNS Global Services (P) Limited ·
HDFC PLC, Maldives |
|
|
|
|
Name : |
Mr. Bhaskar Bhat |
|
Designation : |
Director (from 01.01.2013) |
|
Other Directorship: |
·
Tata Ceramics Limited (Chairman) ·
Virgin Mobile India Private Limited (Chairman) ·
Titan Industries Limited (Managing Director) ·
Titan Properties Limited ·
Titan International Middle East FZE ·
Titan Watches & Jly Intl. (Asia Pacific) Pte.
Limited ·
Titan International Marketing Limited ·
Trent Limited ·
Titan Time Products Limited ·
TA Pai Management Institute, Manipal ·
(Member of Governing Council) ·
SDM Institute of Management, Mysore ·
(Member of Governing Council) ·
Jain University (Member of academic Council) ·
National Institute of Technology, Uttarkahand ·
(Chairman, Board of Governance) ·
The Titan Foundation for Education (Chairman) |
|
|
|
|
Name : |
Dr. Manfred Duernholz |
|
Designation : |
Joint Managing Director (up to 31.12.2012) |
|
Other Directorship: |
·
MICO Trading Private Limited (up to 31.12.2012) |
KEY EXECUTIVES
|
Name : |
Mr. A Vijay Shankar |
|
Designation : |
Company Secretary ( From 02.04.2009) |
|
|
|
|
Committees : |
|
|
Audit
Committee : |
·
Ms.
Renu S. Karnad, Chairperson ·
Dr.
A. Hieronimus ·
Mr.
B. Steinruecke ·
Mr.
B. Muthuraman · Mr. Prasad Chandran |
|
|
|
|
Shareholders’/Investors’
Grievance Committee : |
·
Mr. B. Steinruecke, Chairman ·
Mrs. Renu. S. Karnad ·
Mr. Prasad Chandran ·
Dr. A. Hieronimus ·
Mr. V. K. Viswanathan (up to 31.12.2012) ·
Dr. Steffen Berns (from 01.01.2013) |
|
|
|
|
Remuneration
Committee : |
·
Dr.
A. Hieronimus ·
Mr.
B. Muthuraman ·
Mr.
B. Steinruecke · Mr. Prasad Chandran |
|
|
|
|
Investment
Committee : |
·
Mr. B. Muthuraman ·
Mrs. Renu. S. Karnad ·
Mr. V. K. Viswanathan (up to 31.12.2012) ·
Dr. Manfred Duernholz (up to 31.12.2012) ·
Dr. Steffen Berns (from 01.01.2013) ·
Mr. Soumitra Bhattacharya |
|
|
|
|
Property
Committee : |
·
Dr. A. Hieronimus ·
Mrs. Renu. S. Karnad ·
Mr. V. K. Viswanathan (up to 31.12.2012) ·
Dr. Manfred Duernholz (up to 31.12.2012) ·
Dr. Steffen Berns (from 01.01.2013) ·
Mr. Soumitra Bhattacharya (from 01.01.2013) |
|
|
|
|
Share Transfer
Committee : |
·
Mr. B. Muthuraman ·
Mr. B. Steinruecke ·
Mr. Prasad Chandran ·
Mr. V. K. Viswanathan (up to 31.12.2012) ·
Dr. Steffen Berns (from 01.01.2013) |
SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of
Shares |
Percentage
of Holding |
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
|
|
|
|
22349420 |
71.18 |
|
|
22349420 |
71.18 |
|
Total
shareholding of Promoter and Promoter Group (A) |
22349420 |
71.18 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
821266 |
2.62 |
|
|
12081 |
0.04 |
|
|
2849567 |
9.08 |
|
|
2226850 |
7.09 |
|
|
5909764 |
18.82 |
|
|
|
|
|
|
820067 |
2.61 |
|
|
|
|
|
|
1793243 |
5.71 |
|
|
410241 |
1.31 |
|
|
116165 |
0.37 |
|
|
99504 |
0.32 |
|
|
1000 |
0.00 |
|
|
100 |
0.00 |
|
|
8508 |
0.03 |
|
|
7053 |
0.02 |
|
|
3139716 |
10.00 |
|
Total
Public shareholding (B) |
9049480 |
28.82 |
|
Total
(A)+(B) |
31398900 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
31398900 |
0.00 |
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BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile Equipment and Machinery. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (As on 31.12.2012)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Fuel Injection Equipment |
Pcs. |
6114 |
4325 |
|
Injectors, Nozzles and Nozzle Holders |
Pcs. |
25750 |
23770 |
|
Auto Electricals |
Pcs. |
3436 |
2078 |
|
Portable Electric Power Tools |
Pcs. |
594 |
427 |
|
Spark Plugs |
Pcs. |
32900 |
32836 |
|
Special Purpose Engines |
Nos. |
146 |
118 |
|
Packaging Machines |
Nos. |
260 |
206 |
|
Spares & Components |
Pcs. |
31903 |
26109 |
NOTES:
1.
Installed capacity is as certified by the
management and relied upon by the
auditors without verification as this is a technical matter
2.
A part of installed capacity of spares and
components is used as OE fitment in Fuel Injection Equipments.
GENERAL INFORMATION
|
No. of Employees : |
12232 (Approximately) |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Bankers : |
·
State Bank of
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Facilities : |
Note: Terms of repayment
for unsecured borrowings:
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower
"D", The Millenia, 1 and 2 Murphy
Road, Ulsoor, Bangalore 560008, Karnataka, India |
|
|
|
|
Holding Company : |
|
|
|
|
|
Fellow
Subsidiary Companies: |
·
Beissbarth GmbH, Germany ·
Bosch (China) Investment Limited, China ·
Bosch Automotive Diagnostics Equipment (Shenzhen)
Limited, China ·
Bosch Automotive Diesel Systems Company Limited,
China ·
Bosch Automotive Electronics India Private
Limited, India ·
Bosch Automotive Products (Changsha) Company
Limited, China ·
Bosch Automotive Products (Nanjing) Company
Limited, China ·
Bosch Automotive Products (Suzhou) Company
Limited, China ·
Bosch Automotive Thailand Co. Limited, Thailand ·
Bosch Car Multimedia Portugal, S.A., Portugal ·
Bosch Chassis Systems India Limited, India ·
Bosch Corporation, Japan ·
Bosch Diesel s.r.o., Czech Republic ·
Bosch Electrical Drives Company Limited, Korea ·
Bosch Electrical Drives India Private Limited,
India ·
Bosch Engineering GmbH, Germany ·
Bosch Industriekessel GmbH,Germany ·
Bosch Lawn and Garden Limited, Great Britain ·
Bosch Management Support GmbH, Germany ·
Bosch Packaging Services AG, Switzerland ·
Bosch Packaging Systems AG, Switzerland ·
Bosch Packaging Technology (Hangzhou) Company
Limited, China ·
Bosch Packaging Technology (Singapore) Pte.
Limited Singapore ·
Bosch Packaging Technology B.V., Netherlands ·
Bosch Packaging Technology Limited,Great Britain ·
Bosch Packaging Technology SA, Switzerland ·
Bosch Packaging Technology, Inc., United States ·
Bosch Power Tools (China) Limited, China ·
Bosch Rexroth (India) Limited, India ·
Bosch Rexroth AG, Germany ·
Bosch Rexroth Co. Limited, Taiwan ·
Bosch Rexroth Corporation, Japan ·
Bosch Rexroth Corporation, United States ·
Bosch Rexroth Korea Limited, Korea ·
Bosch Rexroth Pte. Limited, Singapore ·
Bosch Rexroth Pty. Limited, Australia ·
Bosch Rexroth Sdn. Bhd., Malaysia ·
Bosch Sanayi ve Ticaret A.S., Turkey ·
Bosch Security Systems B.V., Netherlands ·
Bosch Security Systems Inc., United States ·
Bosch Security Systems Pty. Limited, Australia ·
Bosch Sicherheitssysteme Engineering GmbH,
Germany ·
Bosch Sicherheitssysteme GmbH, Germany ·
Bosch Solar Energy AG, Germany ·
Bosch Solar Thin Film GmbH, Germany ·
Bosch Solarthermie GmbH, Germany ·
Bosch Systems Engineering GmbH, Germany ·
Bosch Thermotechnik GmbH, Germany ·
Bosch Trading (Shanghai) Company Limited, China ·
Bosch Transmission Technology B.V., Netherlands ·
BSH Home Appliances Private Limited, India ·
Centro Studi Componenti per Veicoli S.p.A., Italy ·
Eisai Machinery Company Limited, Japan ·
ETAS Automotive India Private Limited, India ·
ETAS Entwicklungs- und Applikationswerkzeuge für
elektronische Systeme GmbH, Germany ·
Hüttlin GmbH, Germany ·
MIVIN Engineering Technologies Private Limited,
India ·
Moehwald GmbH, Germany ·
Moeller and Devicon A/S, Denmark ·
OOO Bosch Power Tools, Russian Federation ·
OOO Bosch Rexroth, Russian Federation ·
OOO Robert Bosch, Russian Federation ·
P.T. Bosch Rexroth, Indonesia ·
P.T. Robert Bosch, Indonesia ·
Pharmatec Gmbh, Germany ·
Precision Seals Manufacturing Limited, India ·
Robert Bosch (Australia) Pty. Limited, Australia ·
Robert Bosch (France) S.A.S., France ·
Robert Bosch (Malaysia) SDN. BHD., Malaysia ·
Robert Bosch (Pty.) Limited, South Africa ·
Robert Bosch (South East Asia) Pte. Limited,
Singapore ·
Robert Bosch A/S, Norway ·
Robert Bosch AG, Austria ·
Robert Bosch Argentina Industrial S.A., Argentina ·
Robert Bosch B.V., Netherlands ·
Robert Bosch Car Multimedia GmbH, Germany ·
Robert Bosch Company Limited, China ·
Robert Bosch Elektronik GmbH, Germany ·
Robert Bosch Elektronika Gyártó Kft., Hungary ·
Robert Bosch Elektrowerkzeuge GmbH, Germany ·
Robert Bosch Energy and Body Systems Kft.,
Hungary ·
Robert Bosch Engineering and Business Solutions
Limited, India ·
Robert Bosch España Fábrica Madrid S.A., Spain ·
Robert Bosch España Fábrica Treto S.A., Spain ·
Robert Bosch España, S.L.U., Spain ·
Robert Bosch España Gasoline Systems S.A., Spain ·
Robert Bosch Fahrzeugelektrik Eisenach GmbH,
Germany ·
Robert Bosch Fuel Systems Llc, United States ·
Robert Bosch Inc., Philippines ·
Robert Bosch Korea Diesel Limited, Korea ·
Robert Bosch Korea Limited, Korea ·
Robert Bosch LLC, United States ·
Robert Bosch Limited, Great Britain ·
Robert Bosch Limited, Thailand ·
Robert Bosch Ltda., Brazil ·
Robert Bosch México Sistemas Automotrices, S.A.
de C.V., Mexico ·
Robert Bosch Middle East FZE, United Arab
Emirates ·
Robert Bosch Packaging Technology B.V.,
Netherlands ·
Robert Bosch Power Tools Sdn. Bhd., Malaysia ·
Robert Bosch Produktie N.V.,Belgium ·
Robert Bosch S.A., Belgium ·
Robert Bosch Saratow AG,Russian Federation ·
Robert Bosch S.P.A., Italy ·
Robert Bosch Sdn. Bhd., Malaysia ·
Robert Bosch Tool Corporation, United States ·
Robert Bosch Vietnam Company Limited, Vietnam ·
Robert Bosch, S. de R.L. de C.V., Mexico ·
Robert Bosch, spol. s.r.o., Czech Republic ·
Robert Bosch Tecnologia de Embalagem Ltda.,
Brazil ·
SBM Schoeller-Bleckmann-Medizintechnik GmbH,
Austria ·
Scintilla AG, Switzerland ·
Shanghai Bosch Rexroth Hydraulics and Automation
Limited, China ·
sia Abrasives Industries AG, Switzerland ·
SICAM S.r.l., Italy ·
Tecnologie Diesel e Sistemi Frenanti S.p.A.,
Italy ·
Unipoint Electric MFG Company Limited, Taiwan ·
United Automotive Electronic Systems Company
Limited, China ·
Weifu High Technology Company Limited, China |
|
|
|
|
Subsidiary
Company : |
MICO Trading Private Limited, India |
|
|
|
|
Joint Venture: |
MHB Filters India Private Limited, India |
|
|
|
|
Other entity
under the control of the company : |
Bosch India Foundation, India |
CAPITAL STRUCTURE
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38051460 |
Equity Shares |
Rs. 10/- each |
Rs. 381.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31398900 |
Equity Shares |
Rs. 10/- each |
Rs. 314.000 Millions |
- Reconciliation of the number of shares
|
Equity Shares |
Number
of Shares |
|
Balance at the beginning of the year |
31389900 |
|
Balance at the end of the year |
31389900 |
- Rights,
preferences and restrictions attached to shares:
The Equity shares of the Company, having face value of Rs. 10/- per share, rank pari passu in all
respects including voting rights and entitlement to dividend.
- Equity shares held by the holding company:
|
Name of
Shareholder |
Number
of Shares |
Rs. In Millions |
|
Robert Bosch GmbH, Federal Republic of Germany, the holding company |
22349420 |
223.000 |
- Details of
equity shares held by shareholders holding more than 5% shares:
|
Name of
Shareholder |
Number
of Shares |
Rs. In Millions |
|
Robert Bosch GmbH, Federal Republic of Germany, the holding company |
22349420 |
223.000 |
- Shares bought
back during the period of five years immediately preceding the reporting
date:
|
Particulars |
Number
of Shares |
|
Number of equity shares bought back by the Company |
652,560 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
314.000 |
314.000 |
|
(b) Reserves & Surplus |
|
55419.000 |
46970.000 |
|
(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) |
|
55733.000 |
47284.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1813.000 |
2273.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
334.000 |
373.000 |
|
(d) long-term provisions |
|
2184.000 |
1715.000 |
|
Total Non-current Liabilities (3) |
|
4331.000 |
4361.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
37.000 |
181.000 |
|
(b) Trade payables |
|
9304.000 |
10305.000 |
|
(c) Other current
liabilities |
|
4569.000 |
5211.000 |
|
(d) Short-term provisions |
|
5065.000 |
3968.000 |
|
Total Current Liabilities (4) |
|
18975.000 |
19665.000 |
|
|
|
|
|
|
TOTAL |
|
79039.000 |
71310.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
8566.000 |
5917.000 |
|
(ii) Intangible Assets |
|
67.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
4171.000 |
3207.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
4500.000 |
4477.000 |
|
(c) Deferred tax assets (net) |
|
2552.000 |
2276.000 |
|
(d) Long-term Loan and Advances |
|
2256.000 |
3328.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
22112.000 |
19205.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
10698.000 |
11870.000 |
|
(b) Inventories |
|
10957.000 |
11831.000 |
|
(c) Trade receivables |
|
10210.000 |
8959.000 |
|
(d) Cash and cash
equivalents |
|
14872.000 |
9515.000 |
|
(e) Short-term loans and
advances |
|
8787.000 |
8894.000 |
|
(f) Other current assets |
|
1403.000 |
1036.000 |
|
Total Current Assets |
|
56927.000 |
52105.000 |
|
|
|
|
|
|
TOTAL |
|
79039.000 |
71310.000 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
313.989 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
40666.425 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
40980.414 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
30.435 |
|
|
2] Unsecured Loans |
|
|
2733.454 |
|
|
TOTAL BORROWING |
|
|
2763.889 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
43744.303 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4359.884 |
|
|
Capital work-in-progress |
|
|
2242.165 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
16073.030 |
|
|
DEFERRED TAX ASSETS |
|
|
2182.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
8092.812
|
|
|
Sundry Debtors |
|
|
7209.659
|
|
|
Cash & Bank Balances |
|
|
13258.674
|
|
|
Other Current Assets |
|
|
589.214
|
|
|
Loans & Advances |
|
|
8370.506
|
|
Total
Current Assets |
|
|
37520.865
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
9931.129
|
|
|
Other Current Liabilities |
|
|
3439.389
|
|
|
Provisions |
|
|
5263.123
|
|
Total
Current Liabilities |
|
|
18633.641
|
|
|
Net Current Assets |
|
|
18887.224
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
43744.303 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net sale of product |
84172.000 |
79295.000 |
66305.034 |
|
|
|
Sale of services |
936.000 |
677.000 |
512.449 |
|
|
|
Other operating revenue |
1483.000 |
1686.000 |
1144.279 |
|
|
|
Other Income |
3692.000 |
3203.000 |
2892.518 |
|
|
|
TOTAL (A) |
90283.000 |
84861.000 |
70854.280 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
27897.000 |
26944.000 |
35984.153 |
|
|
|
Purchase of stock-in-trade |
19077.000 |
19106.000 |
0.000 |
|
|
|
Changes in inventory of finished goods, work-in-progress and stock-in-trade |
560.000 |
(2098.000) |
0.000 |
|
|
|
Employee benefit expenses |
10371.000 |
8961.000 |
0.000 |
|
|
|
Operating Expenses |
0.000 |
0.000 |
20644.209 |
|
|
|
Expenses Capitalized |
0.000 |
0.000 |
(341.645) |
|
|
|
Other expenses |
15191.000 |
13626.000 |
0.000 |
|
|
|
TOTAL (B) |
73096.000 |
66539.000 |
56286.717 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17187.000 |
18322.000 |
14567.563 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
55.000 |
4.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
17132.000 |
18318.000 |
14567.563 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3670.000 |
2578.000 |
2539.651 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
13462.000 |
15470.000 |
12027.912 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3879.000 |
4513.000 |
3438.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
9583.000 |
11227.000 |
8589.050 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7971.829 |
6668.829 |
3291.319 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend recommended |
1884.000 |
1570.000 |
1255.900 |
|
|
|
Special dividend |
0.000 |
2669.000 |
0.000 |
|
|
|
Tax on Dividend |
306.000 |
255.000 |
208.600 |
|
|
|
Tax on Special Dividend |
0.000 |
434.000 |
0.000 |
|
|
|
General Reserve |
958.000 |
5000.000 |
3750.000 |
|
|
|
Capital Reserve |
0.000 |
0.000 |
0.600 |
|
|
|
Reversal of Dividend Distribution Tax |
0.000 |
(4.000) |
(3.600) |
|
|
BALANCE CARRIED
TO THE B/S |
14406.829 |
7971.829 |
6668.869 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
8683.000 |
10344.144 |
8460.718 |
|
|
|
Other Earnings |
749.000 |
457.192 |
388.630 |
|
|
TOTAL EARNINGS |
9432.000 |
10801.336 |
8849.348 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
11495.000 |
12326.000 |
9225.116 |
|
|
|
Stores & Spares |
942.000 |
1022.000 |
884.309 |
|
|
|
Capital Goods |
2548.000 |
2433.000 |
905.925 |
|
|
|
Others |
11301.000 |
12172.000 |
10230.350 |
|
|
TOTAL IMPORTS |
26286.000 |
27953.000 |
21245.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
305.00 |
358.00 |
274.00 |
|
QUARTERLY RESULTS
|
PARTICULARS |
31.03.2013) (Unaudited) |
30.06.2013 (Unaudited) |
|
|
1st Quarter |
2nd Quarter |
|
Sales Turnover |
22074.500 |
23069.900 |
|
Total Expenditure |
18255.200 |
19439.700 |
|
PBIDT (Excl OI) |
3819.300 |
3630.200 |
|
Other Income |
893.000 |
897.600 |
|
Operating Profit |
4712.300 |
4527.800 |
|
Interest |
2.900 |
0.800 |
|
Exceptional Items |
0.000 |
0.000 |
|
PBDT |
4709.400 |
4527.000 |
|
Depreciation |
842.300 |
864.200 |
|
Profit Before Tax |
3867.100 |
3662.800 |
|
Tax |
1269.400 |
1146.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
|
Profit After Tax |
2597.700 |
2516.800 |
|
Extraordinary Items |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
|
Net Profit |
2597.700 |
2516.800 |
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
10.61
|
13.24
|
12.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.99
|
19.51
|
18.14
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.75
|
27.91
|
28.72
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.33
|
0.29
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03
|
0.51
|
0.67
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.00
|
2.02
|
2.01
|
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 |
Yes |
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
LITIGATION
DETAILS:
|
HIGH COURT OF KARNATAKA - PRINCIPAL BENCH AT
BANGALORE ITA 39/2012 CASE PENDING Petitioner/Appnt.
Name : THE COMMISSIONER OF INCOME TAX Respondent/Defnt.
Name : M/S BOSCH LIMITED Petnr./Appnt.
Advocate : K V ARAVIND Respnt./Defnt.
Advocate : SURAYANARAYANA Date
Filed : 16/02/2012 District : Bangalore City Stage :
HEARING Last Posted
for : ADMISSION Last
Action Taken : ADMIT/RULE
Last Date of Action: 29/05/2013 Next hearing date: Latest
Order: LIST A/W ITA 14/2012 Before
Hon'ble Judge/s : D.V.SHYLENDRA KUMAR
B.S.INDRAKALA Lower Court Details [Appeal from
below case.]
Details of the Daily Order
|
HIGH COURT OF
KARNATAKA
DAILY ORDERS OF THE CASE NUMBER: ITA 39/2012 FOR THE DATE OF ORDER
29/05/2013
Honble Justice D.V.SHYLENDRA
KUMAR AND B.S.INDRAKALA
29/05/2013
Order in ITA 39/2012
Appeal is admitted to examine the substantial questions of law as
indicated in the memorandum of appeal, but subject to the preliminary objection
raised by the respondent as noticed, to the effect that the appeal is not
maintainable in view of the subject matter of the appeal is less than Rs.10
lakhs which is below the monetary limit prescribed for filing of an appeal
under section 260-A of the Income Tax Act, 1961.
List along with ITA No.14/2012.
UNSECURED LOANS:
|
Particulars |
31.12.2012 Rs. In Millions |
31.12.2011 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Cash credit from banks |
370.000 |
181.000 |
|
Total |
370.000 |
181.000 |
Note: Secured by hypothecation
of present and future stocks of raw materials, finished goods, work-in-progress
and book debts.
FINANCIAL RESULTS
Net sales for the year 2012 grew by 6.2%. The Profit before Tax (PBT) in
2012 as a percentage of net sales was at 16.0% as compared to 19.8% in 2011.
The Profit after Tax (PAT) as a percentage of net sales was 11.4% in 2012 as
against 14.1% in 2011.
Material costs as a percentage to sales increased to 56.5% in 2012 as
compared to 55.4% in 2011. Overall, the Profit before Interest, Depreciation
and Taxes, for the year shows an decrease of 8.5% over the previous year
OPERATIONAL
HIGHLIGHTS
The Company witnessed a sales growth of 6.2% over previous year 2011.
The overall slowdown in economy in domestic and export market impacted the
Company both in automotive and non-automotive sales. The domestic market grew
by 8.4% and the export market declined by 9.1%. In the challenging environment,
the Company was still able to achieve 16.0% profit before tax on sales.
However, this was 385 basis points below the previous year 2011.
Diesel systems business declined by 0.9%, due to decline in exports by
39.6%, which was offset to some extent by growth in domestic market. The diesel
systems business continues to ride heavily on growth in passenger car and
utility vehicle segment and LCV segment with focus on new generation common
rail systems (CRS). Starter Motor and Generator business witnessed an
impressive growth of 51.1% over previous year 2011. Export business for the
division grew significantly by 173%.
The Automotive Aftermarket business registered a modest growth of 9.6%
in spite of subdued demand witnessed due to higher interest rates. Gasoline
business declined by 9.4% due to increased diesel share in Passenger Car.
Packaging Technology business grew by 8.7%. Growth was primarily driven
by Confectionery and Pharma segments. Packaging Technology division completed
construction of new manufacturing facility and started operating from July
2012. Security Technology business grew by 31.4%. Prosound system and Video
system majorly contributed for the growth. Power Tools business registered a
growth of 16.7% with high contributions from all its major business segments
like Power Tools, Accessories, Spares and Lawn and Garden equipment.
Power Tools business launched over 100 new innovative products /
variants and launched its "Bosch at Home" initiative aimed at the
Do-It-Yourself segment. The year also saw the launch of professional range of
“High Pressure Washers" aimed at the Industrial Segment. New business
Solar Energy and Thermo Technology launched their products in 2011 and started
commercial operation in 2012 with a new contract manufacturing facility in
Bangalore. During the year the Company acquired Service Solution business
division of SPX India Private Limited.
OUTLOOK
The global economy is still in an uncertain phase as most nations
continue to face challenges of growth and unemployment.
The outlook for GDP growth in
The key challenges for the Indian economy this year would be to revive
demand, to fast-track infrastructure projects, to improve electricity
generation and increase industrial production.
NOTE: NO CHARGES
EXIST FOR COMPANY
FIXED ASSETS:
- Building
- Building- R and D
- Plant and Machinery- R and D
- Furniture and Equipments
- Furniture and Equipments- R and D
- Motor Vehicles
- Motor Vehicles- R and D
- Goodwill
- Trademarks
- Capital Work in Progress
NEWS:
BOSCH
LIMITED BREAKS GROUND FOR ITS NEW PLANT IN BIDADI
18.09.2013
Hon’ble Chief minister of Karnataka Shri. Siddaramaiah lays the foundation
of the new plant.
Relocation of existing Bangalore plant from Adugodi to the Bidadi
industrial area will facilitate future business expansion and growth.
Planned start of production in third quarter 2015
Bangalore: Bosch Limited,
the leading supplier of technology and services today officially broke ground
for its new plant in Bidadi. The chief guest, Hon’ble Chief Minister of
Karnataka, Shri. Siddaramaiah laid the foundation stone along with Dr. Steffen
Berns, Managing Director, Bosch Limited. Also present on the occasion were the
Guests of Honour - Shri D.K. Suresh, Member of Parliament, Bangalore Rural and
Shri H.C. Balakrishna Member of the Legislative Assembly, Magadi.
Sharing his views on the occasion, Dr. Berns, Managing Director, Bosch
Limited said “This move to relocate our existing manufacturing plant in
Bangalore area from Adugodi to Bidadi underlines our commitment to India and
especially to the state of Karnataka. We are extremely grateful to the
Government of Karnataka for their support in facilitating this move. The
developing industrial area in Bidadi will offer larger space and better
infrastructure support for our future expansion. Though the current business situation
is tough, this move will help us cater to the growing business needs of the
Indian market in the long term.”
The company has acquired 97 acres of land in Bidadi for the construction of
this new manufacturing facility and is investing over Rs 2500.000 Millions for
the initial development of the facility.
The plant will be ready for commencement of production by the third quarter
of 2015 with re-location of around 850 employees. New Bidadi facility will
house the production of several components of Diesel Fuel Injection Systems.
BOSCH
LIMITED REGISTERS 5.2 PERCENT GROWTH IN SECOND QUARTER OF 2013
Positive momentum mainly steered by non-automotive business growth
08.08.2013
·
Net sales and income from operations at Rs.
22690.00 Millions for the second quarter of 2013
·
Profit Before Tax (PBT) increased by 7.1 percent in
the second quarter of 2013
·
Non-automotive segment registered double-digit
growth in all divisions
Bangalore – Bosch Limited registered a growth of 5.2 percent on net
sales and income from operations in the second quarter of 2013 over the same
period last year at Rs. 22690.00 Millions in India. Profit before Tax (PBT)
increased by 7.1 percent and stands at Rs. 3660.00 Millions for the second
quarter as compared to the same period of 2012. Profit after Tax (PAT) is Rs.
2520.00 Millions, registering a growth of 1.7 percent over the same period of
2012. Exports increased by 14 percent in the second quarter of 2013.
“In the second quarter of this year, we managed to achieve greater than
5 percent growth despite the overall weak market conditions. The automotive
market benefitted from the increase in tractor and 3-wheeler segments, but
overall remained weak due to a decline in passenger cars and heavy commercial
vehicles,” said Dr. Steffen Berns, Managing Director, Bosch Limited, announcing
the company’s quarterly results.
The focus on expanding and developing the non-automotive product
portfolio has resulted in positive yields. All divisions across the
non-automotive segment have registered a double-digit growth. “The positive
momentum in Bosch India was mainly driven by the strong growth of our
non-automotive business. Exports have seen a positive trend in this quarter.
Overall, we anticipate moderate growth for the next two quarters compared to
the weak last half of 2012,” Dr. Berns added. Registering an overall growth of
0.8 percent at Rs. 44600.00 Millions on net sales and income from operations in
the first half of 2013, the company is confident of its growth in the region
from a mid and long-term perspective.
Commenting further Dr. Berns added, “Facing the difficult market
environment, we are continuously taking steps to improve our operational
efficiency. The rupee depreciation to the USD has put additional burden on our
bottom line. However, we will continue to invest for a sustained long-term
growth. The overall business environment will remain challenging during 2013.”
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 records 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 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. 62.73 |
|
|
1 |
Rs. 100.92 |
|
Euro |
1 |
Rs. 84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
72 |
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.