MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	RINDER INDIA PRIVATE LIMITED
Formerly Known As :	FIEM RINDER PRIVATE LIMITED HALOGEN AUTO AND ELECTRICAL INDUSTRIES PRIVATE LIMITED
Country :	India
Financials (as on) :	31.12.2013
TAN No.: [Tax Deduction & Collection Account No.]	PNER06605E
PAN No.: [Permanent Account No.]	AAACH4211R
Legal Form :	Private Limited Liability Company
No. of Employees :	700 (Approximately)

BUSINESS DETAILS

Line of Business :

Manufacturer of Auto Components.

Products :

Product Description	Item Code No.
Head Lamps, Tail Lamps, Blinkers	8512.00

Exports :

Products :

· Lighting Equipment

· Automobile Parts

Countries :

· Spain

· Thailand

· Japan

Imports :

Products :

· Raw Materials

Countries :

· Singapore

· Spain

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

PRODUCTION STATUS (AS ON: 31.12.2011)

Particulars	Unit	Production
Auto Components	Nos.	9587294

LITIGATION DETAILS:

CASE STATUS:

Case Details
Case Type	Reg.Civil Suit
Filing No.	206730/2012     Filing date: 30-04-2012
Registration No.	205364/2012     Registration date: 21-06-2012
Case code	202702067302012
CASE STATUS
First Hearing Date	21-06-2012
Next Hearing Date	23-09-2014
Purpose of Hearing	Issues
Court No & Judge	34 - 15 TH JT. CJJD and JMFC PUNE.
Petitioner(s) & Advocate(s)
Petitioner - Bharat Sanchar Nigam Ltd. etc 2 Address - 4th Floor, Harichandra Mathur, Lane Janpath, New Delhi 01. Advocate - D. Y. Jadhav
Respondent(s) & Advocate(s)
Respondent - Ms Rinder India Pvt. Ltd. Address - Gat No. 148, Village Mhalunge Ingale, Tal Khed, Dist Pune 01. Advocate -
ACTS
Under Act(s)	---
Under Section(s)	---
Subject
LOWER COURT INFORMATION
Court No & Name	---
Case No & Year	---
Case Decision Date	---

History Of Case Hearing
Regn. No.	Judge	Bussiness on Date	Hearing Date	Purpose of Hearing
205364/2012	15 TH JT. CJJD and JMFC PUNE.	21-06-2012	18-07-2012	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	18-07-2012	14-08-2012	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	14-08-2012	13-09-2012	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	13-09-2012	11-10-2012	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	11-10-2012	02-11-2012	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	02-11-2012	19-11-2012	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	19-11-2012	08-01-2013	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	08-01-2013	05-02-2013	Awaiting Summons
205364/2012	15 TH JT. CJJD and JMFC PUNE.	05-02-2013	12-03-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	12-03-2013	07-06-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	07-06-2013	10-06-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	10-06-2013	15-07-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	15-07-2013	22-08-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	22-08-2013	01-10-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	01-10-2013	12-11-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	12-11-2013	19-12-2013	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	19-12-2013	06-02-2014	Issues
205364/2012	15 TH JT. CJJD and JMFC PUNE.	06-02-2014	15-03-2014	Issues

Orders
Order No.	Order Date	Order Details

Writ Information
Regn. No.	Appellate Case No.	Appellate Authority	Date of Reciept

Case Transfer Details Between The Courts
Regn. No.	Transfer Date	From Court No & Judge	To Court No & Judge

OPERATIONS:

The Company has registered substantial increase in turnover and profits as compared to the previous year. The Directors feel that the overall performance of the Company is satisfactory.

During the year, the scheme of amalgamation of Rinder Tools India Private Limited (wholly owned subsidiary) with the Company was approved by the Hon'ble High Court of Mumbai vide its order dated 25 October 2013.

As per the terms of the Scheme, Rinder Tools India Private Limited (Transferor Company) was amalgamated with the Company (Transferee Company) with effect from 1 January 2012. The attached financial statements are after giving effect to the Scheme as per the High Court Order.

GENERAL INFORMATION

Suppliers :

Phoenix India Private Limited, Delhi

Customers :

Wholesalers and Retailers

· Bajaj Auto Limited

· TVS

· TATA

· Royal Enfield

· Hero

· Mazda

· Maruti Suzuki

· Nisan

· Mahindra Rise

· Yamaha

· Piaggio

No. of Employees :

700 (Approximately)

Bankers :

Citibank N. A., 1st Floor, Onyx Tower, Near Westin Hotel, North Main Road, Koregaon Park,, Pune - 411001, Maharashtra, India

Facilities :

Fund and Non Fund Based= Rs.170.000 Millions (From Citi Bank, Pune Branch)

Secured Loan	Rs. In Millions 31.12.2013	Rs. In Millions 31.12.2012
Short Term Borrowings
Working Capital Loans from Banks	133.488	69.160
TOTAL	133.488	69.160
Unsecured Loan	Rs. In Millions 31.12.2013	Rs. In Millions 31.12.2012
Long term borrowings
Term loans from others	113.991	40.425
Total	113.991	40.425

Banking Relations :
Auditors :
Name :	Suresh Surana and Associates Chartered Accountant
Address :	13^th Floor, Bakhtawar, 228, Nariman Point, Mumbai-400021, Maharashtra, India
PAN No.:	AAQFS7647M
Ultimate Holding Company:	Corporacion Rinder S.L.
Holding Company :	Rinder Industrial S.A.
Subsidiaries :	Rinder Tools India Private Limited (Fellow Subsidiary up to 20.12.2011) CIN No.:- U29299PN2004PTC019276
Fellow Subsidiaries :	· Light and Systems Technical Centre · S L Lampsys Light Systems · S L Rinder Trading S L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.06.2014

Names of Shareholders	No. of Shares
Rinder Industrial S.A., Spain	84986
Carlos Marzana, Spain	10
TOTAL	84996

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.12.2013	31.12.2012	31.12.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	8.500	8.500	8.500
(b) Reserves & Surplus	582.221	566.017	562.714
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	590.721	574.517	571.214
(3) Non-Current Liabilities
(a) long-term borrowings	113.991	40.425	29.780
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	3.790
Total Non-current Liabilities (3)	113.991	40.425	33.570
(4) Current Liabilities
(a) Short term borrowings	133.488	69.160	16.935
(b) Trade payables	421.779	312.650	251.000
(c) Other current liabilities	214.488	70.931	82.023
(d) Short-term provisions	8.223	9.600	13.302
Total Current Liabilities (4)	777.978	462.341	363.260
TOTAL	1482.690	1077.283	968.044
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	485.127	425.742	395.961
(ii) Intangible Assets	154.840	6.471	4.327
(iii) Capital work-in-progress	0.000	11.227	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	13.516	13.590	14.411
(d) Long-term Loan and Advances	47.853	29.263	12.684
(e) Other Non-current assets	0.729	1.056	0.966
Total Non-Current Assets	702.065	487.349	428.349
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	173.931	109.102	78.510
(c) Trade receivables	446.171	361.711	349.280
(d) Cash and cash equivalents	65.360	51.646	48.140
(e) Short-term loans and advances	73.656	47.332	57.768
(f) Other current assets	21.507	20.143	5.997
Total Current Assets	780.625	589.934	539.695
TOTAL	1482.690	1077.283	968.044

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2013	31.12.2012	31.12.2011
	SALES
		Income	2167.413	1918.961	1772.172
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		Office Expenses	NA	NA	NA
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	NA	NA
	PROFIT / (LOSS) BEFORE TAX		27.182	13.205	55.427
	TAX		7.973	9.721	13.574
	PROFIT / (LOSS) AFTER TAX		19.209	3.484	41.853
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	582.353	498.470	301.746
	TOTAL EARNINGS		582.353	498.470	301.746
	IMPORTS
		Raw Materials	287.226	276.564	163.829
		Components and Spare Parts	3.609	5.344	46.554
		Capital Goods	23.295	18.547	115.058
	TOTAL IMPORTS		314.130	300.455	325.441
	Earnings / (Loss) Per Share (Rs.)		225.99	40.99	492.41

Particulars	31.03.2014
Sales Turnover	2050.000

The above information has been parted by Mr. Raj Kumar (Assistance Finance Manager)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

LOCATIONS

Registered Office/ Factory :	Gat No.148, Mahalunge Ingale, Off Chakan, Talegaon Road, Taluka Khed, Pune – 410501, Maharashtra, India
Tel. No.:	91-20-30616100 / 200
Mobile No.:	91-9850984086 (Mr. Raj Kumar)
Fax No.:	91-20-30616161 / 62
E-Mail :	rinder@rinder.in rinder.in@rinder.com marketing@rinder.in rtgurnale@rinder.in
Website :	http://www.rinder.in
Area :	1 Hectare
Location :	Owned
Corporate Office :	Plot No. 74-74A, F-II Block, MIDC, Pimpri, Pune – 411018, Maharashtra, India
Tel. No.:	91-20-66114461/ 27470481/ 27472508
Fax No.:	91-20-27472435
E-Mail :	rinder@vsnl.com marketing@rinder.in rinder.in@rinder.com
Website :	www.rinder.com
Area :	15000 Sq. ft.
Location :	Owned
Branch Office :	Plot No.12-13, Sector – 16, HSIIDC Industrial Estate, Bahadurgarh - 124507, Haryana, India
Tel No :	91-1276-215727
Fax No :	91-1276-244964
E mail:	schaudhary@rinder.in

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