MIRA
INFORM REPORT
|
Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROBERT BOSCH ENGINEERING AND BUSINESS SOLUTIONS LIMITED
(w.e.f. 23.01.2008) |
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|
|
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Formerly Known
As : |
ROBERT BOSCH INDIA LIMITED |
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Registered
Office : |
No.123, Industrial Layout, Hosur Road, Koramangala,
Bangalore – 560095, Karnataka |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of Incorporation
: |
17.12.1997 |
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Com. Reg. No.: |
08-023164 |
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Capital
Investment / Paid-up Capital : |
Rs.43.840 Millions |
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CIN No.: [Company Identification
No.] |
U72400KA1997PLC023164 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
BLRR01042G |
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PAN No.: [Permanent Account No.] |
AAACR7108R |
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Legal Form : |
A Closely Held
Public Limited Liability Company |
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Line of Business
: |
Providing Engineering Process Consultancy Services. |
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No. of Employees
: |
12087
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of Robert Bosch GMBH, Germany. It is a well established company having a five track record. Overall financials of the company appears to be strong and healthy. Trade relations are reported as fair. Business is active. Payment terms
are regular and as per commitment. The company can be considered for business dealing with at usual trade
terms and condition. |
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 |
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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 |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
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 PARTED BY
|
Name : |
Mr. Dwarampudi Veera Reddy |
|
Designation : |
Senior manager |
|
Contact No.: |
91-9449067158 |
|
Date : |
03.10.2013 |
LOCATIONS
|
Registered Office : |
No.123, Industrial Layout, Hosur Road, Koramangala, Bangalore
– 560095, Karnataka, India |
|
Tel. No.: |
91-80-67991265 |
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Mobile No.: |
91-9449067158 (Mr. Dwarampudi Veera Reddy) |
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Fax No.: |
91-80-66170711 |
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E-Mail : |
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Website : |
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Location : |
Leased |
DIRECTORS
As on 04.03.2013
|
Name : |
Mr. Vijay Ramchandra Ratnaparkhr |
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Designation : |
Director |
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Address : |
No. 403 Cyprus, SJR Redwoods, Off Sarjapur Road, Bangalore – 560102,
Karnataka, India |
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Date of Birth/Age : |
22.02.1965 |
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Qualification : |
Master of Technology, IIT, Mumbai |
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Date of Appointment : |
01.09.2010 |
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DIN No.: |
03211521 |
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Name : |
Mr. Steffem Berns |
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Designation : |
Director |
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Address : |
EL Nivas, 380/390, 2nd Cross, 16th Main Road, 3rd
Block, Koramangala, Bangalore – 560034, Karnataka, India |
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Date of Birth/Age : |
13.02.1963 |
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Date of Appointment : |
01.01.2013 |
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DIN No.: |
06449396 |
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Other Directorship:
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Name : |
Mr. Wlater Heinrish Wilhelm Grote |
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Designation : |
Additional Director |
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Address : |
Anne-Frank-Street13, Schwieberdingen, Baden Wuerttemberg 71701 |
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Date of Birth/Age : |
08.11.1957 |
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Date of Appointment : |
30.04.2013 |
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DIN No.: |
06563463 |
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MAJOR SHAREHOLDERS
(AS ON 04.03.2013)
|
Names of Shareholders |
|
No. of Shares |
|
Robert Bosch GMBH, Germany |
|
4383994 |
|
Robert Bosch Car Multimedia GMBH, Germany |
|
1 |
|
Robert Bosch Investment Nederland B.V., Netherland |
|
1 |
|
UC Vermogensverwalt UNG GMBH, Germany |
|
1 |
|
Robert Bosch Interanationale Beteligungen AG, Switzerland |
|
1 |
|
Bosch Sensortech GMBH, Germany |
|
1 |
|
Prufzenrum Boxberg GMBH, Germany |
|
1 |
|
|
|
|
|
Total |
|
4384000 |
Equity Share Break up (Percentage of Total Equity)
(AS ON 04.03.2013)
|
Category |
Percentage |
|
|
|
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Engineering Process Consultancy Services |
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Products : |
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GENERAL INFORMATION
|
Customers : |
End Users, OEM’s and Others (Automotive, Manufacturing and Government)
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|
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|
No. of Employees : |
12087
(Approximately) |
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|
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Bankers : |
·
Deutsche Bank Bangalore Branch, 26-27 Raheja Towers, M. G. Road, Bangalore – 560001,
Karnataka, India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, Millenia 1 and 2 Murphy Road, Ulsoor, Bangalore –
560008, Karnataka, India |
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PAN No.: |
AADFP9359C |
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Holding/
Ultimate Holding Company: |
· Robert Bosch GmbH, Germany |
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Fellow
Subsidiary Companies: |
· Advanced Diesel Particulate Filters Sp. z o.o., Poland ETAS Inc., United States Advanced Driver Information Technology Corporation, Japan ETAS K.K., Japan Beissbarth GmbH, Germany ETAS Limited, Great Britain Blaupunkt Auto-Rádio Portugal, Lda., Portugal Frenados Mexicanos, S.A. de C.V., Mexico Bosch (China) Investment Limited, China Hägglunds Drives (India) Private Limited, India Bosch (Zhuhai) Security Systems Company, Limited, China Health Hero Network Inc., United States Bosch Automotive Diagnostics Equipment (Shenzhen) Limited,
China KEFICO Corporation, Korea Bosch Automotive Diesel Systems Company, Limited, China Korea Automotive Motor Corporation, Korea Bosch Automotive Electronics India Private Limited, India MHB Filter India Private Limited, India Bosch Automotive Products (Changsha) Company, Limited,
China MIVIN Engineering Technologies Private Limited, India Bosch Automotive Products (Suzhou) Company, Limited, China
Moeller & Devicon A/S, Denmark Bosch Automotive Thailand Company Limited, Thailand Nanjing Huade Spark Plug Company, Limited, China Bosch Car Multimedia Portugal, Lda., Portugal Nefit B.V., Netherlands Bosch Chassis Systems (Dalian) Company, Limited, China P.T. Robert Bosch, Indonesia Bosch Chassis Systems Australia Pty. Limited, Australia Paal Verpackungsmaschinen GmbH, Germany Bosch Chassis Systems India Limited, India Rexroth Hydraulikanlagen und Service GmbH, Germany Bosch Communication Center Magdeburg GmbH, Germany Robert Bosch (Australia) Pty. Limited, Australia Bosch Corporation, Japan Robert Bosch (France) S.A.S., France Bosch Diesel s.r.o., Czech Republic ROBERT BOSCH (MALAYSIA) SDN. BHD., Malaysia Bosch Electrical Drives India Private Limited, India Robert Bosch (Pty.) Limited, South Africa Bosch Engineering GmbH, Germany Robert Bosch (South East Asia) Pte. Limited, Singapore Bosch Engineering Services Japan K.K., Japan Robert Bosch AB, Sweden Bosch Fren Sistemleri Sanayi ve Ticaret A.S., Turkey Robert Bosch AG, Austria Bosch Lawn and Garden Limited, United Kingdom Robert Bosch Car Multimedia GmbH, Germany Bosch Limited, India Robert Bosch Car Multimedia Holding GmbH, Germany Bosch Mahle Turbo Systems Austria GmbH & Company KG,
Austria Robert Bosch Communication Center Inc., Philippines Bosch Mahle Turbo Systems GmbH & Company KG, Germany Robert Bosch Company Limited, Hong Kong Bosch Packaging Services AG, Switzerland Robert Bosch Elektronik GmbH, Germany Bosch Packaging Technology (Hangzhou) Company, Limited,
China Robert Bosch Energy and Body Systems Kft., Hungary Bosch Packaging Technology K.K., Japan ROBERT BOSCH ESPAŃA FÁBRICA CASTELLET, S.A., Spain Bosch Packaging Technology, Inc., United States ROBERT BOSCH ESPAŃA FÁBRICA MADRID S.A., Spain ROBERT BOSCH ESPAŃA FÁBRICA TRETO S.A., Spain Bosch Power Tools (China) Limited, China Bosch Reisebüro GmbH Robert Bosch Espańa Gasoline Systems S.A., Spain Bosch Rexroth (Beijing) Hydraulic Company, Limited, China Robert Bosch Fahrzeugelektrik Eisenach GmbH, Germany Bosch Rexroth (Changzhou) Company, Limited, China Robert Bosch GmbH, Germany Bosch Rexroth (India) Limited, India Robert Bosch Healthcare GmbH, United States Bosch Rexroth AG, Germany Robert Bosch Inc., Canada Bosch Rexroth Canada Corporation, Canada Robert Bosch Inc., Philippines Bosch Rexroth Corporation, Japan Robert Bosch Kft., Hungary Bosch Rexroth Corporation, United States Robert Bosch Korea Diesel Limited, Korea Bosch Rexroth DSI S.A.S., France Robert Bosch Korea Mechanics and Electronics Limited,
Korea Bosch Rexroth Electric Drives and Controls GmbH, Germany Robert Bosch LLC, United States Bosch Rexroth Limited, United Kingdom Robert Bosch Limited, Great Britain Bosch Rexroth Mechatronics GmBH, Germany Robert Bosch Limited, Thailand Bosch Rexroth Otomasyon Sanayi ve Ticaret A.S., Turkey Robert Bosch Ltda., Brazil Bosch Rexroth Pneumatics GmbH, Germany Robert Bosch Packaging Technology B.V., Netherlands Bosch Rexroth S.A.S., France Robert Bosch Packaging Technology Inc., United States Bosch Rexroth Sdn. Bhd., Malaysia ROBERT BOSCH POWER TOOLS SDN. BHD., Malaysia Bosch Sanayi ve Ticaret A.S., Turkey Robert Bosch Produktie N.V., Belgium Bosch Security Systems BV, Netherlands Robert Bosch S.p.A., Italy Bosch Security Systems Inc., USA Robert Bosch Sdn. Bhd., Malaysia Bosch Security Systems Limited, Great Britain ROBERT BOSCH Sp. z o.o., Poland Bosch Security Systems Pte. Limited, Singapore Robert Bosch Taiwan Company Limited, Taiwan Bosch Sensortec GmbH, Germany Robert Bosch Technical and Business Solutions GmbH,
Germany Bosch Sicherheitssysteme GmbH, Germany Robert Bosch Tool Corporation, United States BOSCH SISTEMAS DE FRENADO, S.L., Spain Robert Bosch Vietnam Company, Limited, Vietnam Bosch Solar Energy AG, Germany Robert Bosch, S. de R.L. de C.V., Mexico Bosch Solarthermie GmbH, Germany Robert Bosch, spol. s.r.o., Czech Republic Bosch Termotechnologia, S.A., Portugal SB LiMotive Company Limited, South Korea Bosch Termoteknik A.S., Turkey SB LiMotive Germany GmbH, Germany Bosch Thermotechnik GmbH, Germany Scintilla AG, Switzerland Bosch Thermotechnology Limited, Great Britain Shanghai Bosch Rexroth Hydraulics & Automation
Limited, China Bosch Trading (Shanghai) Company, Limited, China Sigpack Systems AG, Switzerland Bosch Transmission Technology B.V., Netherlands Tecnologie Diesel e Sistemi Frenanti S.p.A., Italy Brueninghaus Hydromatik GmbH, Germany TeleAlarm S.A., Switzerland BSH Bosch und Siemens Hausgeräte GmbH, Germany Vetronix Corporation, United States BSH Home Appliances Company, Limited, China VHIT S.p.A., Italy Centro Studi Componenti per Veicoli Societŕ Unipersonale,
Italy ZF Lenksysteme GmbH, Germany ETAS Automotive India Private Limited, India ZF Steering Systems LLC, United States ETAS Entwicklungs- und Applikationswerkzeuge für
elektronische Systeme GmbH, Germany ZF Steering Systems Nacam Limited, Great Britain Bosch Rexroth Schweiz AG ZF Systčmes de Directions Nacam S.A.S., France Bosch Rexroth B.V. Robert Bosch OOO Bosch Rexroth Pte. Limited Bosch Systems Engineering GmbH Bosch Industriekessel GmbH Bosch Laser Equipment (Dongguan) Limited Bosch Thermoteknik AB Robert Bosch Limited, Georgia Bosch Thermotechnology Corporation Bosch Management Support GmbH Sia Abrasives Industries AG Robert Bosch Engineering and Business Solutions Vietnam Company
Limited United Automotive Electronic Systems Company, Limited Robert Bosch North America Corporation Robert Bosch spol. s.r.o. Robert Bosch Elektronika Gyártó Kft. Bosch Power Tec GmbH Bosch Software Innovations GmbH Robert Bosch Venture Capital GmbH Bosch Rexroth Filtration Systems GmbH Bosch Rexroth Oil Control S.p.A. Robert Bosch S.A. Holger Christiansen A/S Unipoint Electric MFG Company, Limited Robert Bosch Power Tool Elektromos Szerszámgyártó Kft. |
CAPITAL STRUCTURE
(AS ON 04.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4384000 |
Equity Shares |
Rs. 10/- each |
Rs. 43.840 Millions |
|
|
|
|
|
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 |
|
44.000 |
44.000 |
|
(b) Reserves & Surplus |
|
6634.000 |
2157.000 |
|
(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) |
|
6678.000 |
2201.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
82.000 |
0.000 |
|
(d) long-term provisions |
|
539.000 |
407.000 |
|
Total Non-current Liabilities (3) |
|
621.000 |
407.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
1364.000 |
1435.000 |
|
(c) Other current
liabilities |
|
2476.000 |
3222.000 |
|
(d) Short-term provisions |
|
383.000 |
3038.000 |
|
Total Current Liabilities (4) |
|
4223.000 |
7695.000 |
|
|
|
|
|
|
TOTAL |
|
11522.000 |
10303.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1979.000 |
1741.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
185.000 |
246.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
547.000 |
382.000 |
|
(d) Long-term Loan and Advances |
|
1393.000 |
919.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
4104.000 |
3288.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
764.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
3878.000 |
2763.000 |
|
(d) Cash and cash
equivalents |
|
3002.000 |
3106.000 |
|
(e) Short-term loans and
advances |
|
295.000 |
252.000 |
|
(f) Other current assets |
|
243.000 |
130.000 |
|
Total Current Assets |
|
7418.000 |
7015.000 |
|
|
|
|
|
|
TOTAL |
|
11522.000 |
10303.000 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
43.840 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4414.337 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4458.177 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4458.177 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1595.960 |
|
|
Capital work-in-progress |
|
|
140.064 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
551.590 |
|
|
DEFERRED TAX ASSETS |
|
|
284.450 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
1033.344 |
|
|
Cash & Bank Balances |
|
|
2773.594 |
|
|
Other Current Assets |
|
|
1.007 |
|
|
Loans & Advances |
|
|
858.808 |
|
Total
Current Assets |
|
|
4666.753 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
274.613 |
|
|
Other Current Liabilities |
|
|
1792.331 |
|
|
Provisions |
|
|
713.696 |
|
Total
Current Liabilities |
|
|
2780.640 |
|
|
Net Current Assets |
|
|
1886.113 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4458.177 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
21880.000 |
15644.000 |
10627.904 |
|
|
|
Other Income |
427.000 |
608.000 |
63.707 |
|
|
|
TOTAL (A) |
22307.000 |
16252.000 |
10691.611 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
20.000 |
|
|
|
|
|
Employee benefit expense |
11973.000 |
7941.000 |
|
|
|
|
Other expenses |
5483.000 |
4505.000 |
|
|
|
|
TOTAL (B) |
17476.000 |
12457.000 |
8494.822 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4831.000 |
3795.000 |
2196.789 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.000 |
3.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
4788.000 |
3792.000 |
2196.789 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1257.000 |
903.000 |
569.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
3531.000 |
2889.000 |
1627.666 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
338.000 |
843.000 |
83.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
3193.000 |
2046.000 |
1544.095 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
728.39 |
466.40 |
352.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
14.31
|
12.59 |
14.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.14
|
18.47 |
15.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.72
|
29.86 |
25.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
1.31 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
0.91 |
1.68 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION
DETAILS
|
High Court of Karnataka - Principal Bench at
Bangalore ITA 109/2012
Stage : HEARING
Last Posted for : Last Posted for Last
Action Taken : ADMIT/RULE
Last Date of Action
: 23/09/2013 Next hearing date
: Before
Hon'ble Judge/s : DILIP
B.BHOSALE B.MANOHAR Connected to : ITA 379/2012 Lower Court Details [Appeal from below case.]
|
FINANCIAL RESULT
Turnover increased
to Rs 21,880 Million from Rs.15,644 Million in the previous year, a growth rate
of 40%. The Profit after Tax (PAT) as a percentage of the Turnover for the year
is 14.6% as compared to 13.1% during the previous year.
CONTINGENT
LIABILITIES: (Rs. In Millions)
|
Particulars |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
Bank Guarantees |
106.000 |
96.000 |
|
The Company had received
a demand for Special Entry tax in 2005 from the department of Commercial
Taxes on Electrical Items and Air conditioners amounting to Rs.7 Million. The
same is being contested and a stay on the said demand has been obtained from
the High Court. Short term loans and advances includes Rs.2 Millions paid
towards Special Entry Tax for the month of October 2004 on purchase of
computers, computer software and electronic items as the tax has been
withdrawn vide circular no. FD 154 CET 2004 dated 6 January 2005 w.e.f. 1
October 2004. The Company has informed the Department that in event the case
is decided against it, then the amount already paid, as mentioned above, can
be adjusted against the final liability. |
5.000 |
5.000 |
NOTE: NO CHARGES
EXIST FOR COMPANY
FIXED ASSETS
· Land
Building
Plant
and Equipment
Vehicles
Motor
Vehicles
Furniture
and Fixtures
Office
Equipment
Computer
NEWS:
ROBERT BOSCH ENGINEERING AND BUSINESS SOLUTIONS INAUGURATES AUTOMOTIVE
SYSTEMS LABORATORY
06-11-2012
State-of-the-art facility for studying live engine and
vehicle systems
·
Laboratory designed to ramp up competence of Robert Bosch Engineering and
Business Solutions’s automotive researchers and developers
·
Investment of INR 20.000 Millions in automotive system infrastructure
Bangalore: Today, Robert Bosch Engineering and Business Solutions declared operational
their Automotive Systems Laboratory. This laboratory allows engineers and
researchers to study the modern running-mechanism in live engine and vehicle
systems by providing hands-on experience with systems like engine management
systems, clutch and brake systems, exhaust systems, etc, along with the sensors
and actuators. Robert Bosch Engineering and Business Solutions has
responsibility in the powertrain domain for the whole BRIC (Brazil, Russia,
India, China) region and for certain classes of automotives on a global level,
like the Low Price Vehicles sector.
“To strengthen our global competitiveness, we need to increase our innovation,
research and development capabilities. Solutions developed here will not only
contribute to reduction in carbon emissions in automobiles, but also build the
skills of local engineers. It will benefit the city in many ways both in terms
of infrastructure and talent.” said Mr Vijay Ratnaparkhe, Managing Director of
Robert Bosch Engineering and Business Solutions.
“Robert Bosch Engineering and Business Solutions being the Global Center
for Powertrain Electronics, I want our engineers to connect with real-life
situations; they need to be completely engaged with the environment around
them. This real-scenarios laboratory will help them make this connect.” said
Mr. R K Shenoy, Senior Vice President. “It is a critical aspect because Robert
Bosch Engineering and Business Solutions engineers have the responsibility to
innovate and deliver world-class solutions”, he added.
Todays announcement reinforces Robert Bosch Engineering and Business
Solutions’s commitment to invest in developing infrastructure and talent
amongst the communities it operates in – Bangalore and Coimbatore in India, and
Ho Chi Minh city in Vietnam. Robert Bosch Engineering and Business Solutions is
also actively partnering various engineering institutes to design automotive
curriculum and infrastructure that is needed to develop engineering talent at
these universities.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.84.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
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 |
|
65 |
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.