MIRA INFORM REPORT
|
Report Date : |
20.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
METZELER AUTOMOTIVE PROFILES INDIA PRIVATE LIMITED |
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|
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Formerly Known
As : |
METZELER AUTOMOTIVE INDIA PRIVATE LIMITED |
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Registered
Office : |
301-302, Tolstoy House, 15, Tolstoy Marg, New Delhi-110001 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.09.1963 |
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Com. Reg. No.: |
55-004019 |
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Capital
Investment / Paid-up Capital : |
Rs. 225.547
Millions |
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|
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CIN No.: [Company Identification
No.] |
U34102DL1963PTC004019 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08055F |
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PAN No.: [Permanent Account No.] |
AAACW0019N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is in the business of manufacturing automotive
body seals and glass runs. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 46000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct and as per commitment. The company can be considered for normal business dealings 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash credit: A- |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
July 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits: A1 |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk. |
|
Date |
July 2013 |
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-120-4181710)
LOCATIONS
|
Registered Office : |
301-302, Tolstoy House, 15, Tolstoy Marg, New
Delhi-110001, |
|
Tel. No.: |
91-11-23712804 |
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Fax No.: |
91-11-23357097 |
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E-Mail : |
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Website : |
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Factory: |
24-A, Site IV, Sahibabad Industrial
Area, |
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Tel. No.: |
91-120-4181759 |
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Units: |
Located at
|
DIRECTORS
As on 19.06.2014
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
A 73/3, SFS Flats, Saket, |
|
Date of Birth/Age : |
25.04.1956 |
|
Qualification : |
B.E. |
|
Experience : |
29 Years |
|
Date of Appointment : |
30.09.1998 |
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DIN No.: |
00100578 |
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Previous Employment: |
Gillette Limited |
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|
|
|
Name : |
Mr. Prasant Kumar Sengupta |
|
Designation : |
Director |
|
Address : |
B – 153 Sector 14, Noida-201301, |
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Date of Birth/Age : |
01.06.1944 |
|
Date of Appointment : |
15.09.2012 |
|
DIN No.: |
00121007 |
|
|
|
|
Name : |
Mr. Nobuyunki Shimizu |
|
Designation : |
Director |
|
Address : |
10-9 Hattan, Moriyama,-KU Nagoya City
Aichi Pref - 4528564 |
|
Date of Birth/Age : |
26.09.1951 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02575765 |
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|
|
|
Name : |
Mr. Ramsey Changoo |
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Designation : |
Director |
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Address : |
No.117 |
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Date of Birth/Age : |
24.02.1968 |
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Date of Appointment : |
19.03.2013 |
|
DIN No.: |
06449608 |
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|
|
|
Name : |
Mr. Hidenori Deda |
|
Designation : |
Director |
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Address : |
1-84-3, Ekakushinmachi, |
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Date of Birth/Age : |
25.09.1963 |
|
Date of Appointment : |
31.03.2014 |
|
DIN No.: |
03525804 |
KEY EXECUTIVES
|
Name : |
Mr. Siddhartha
Rastogi |
|
Designation : |
Secretary |
|
Address : |
109, Siddharth
Niketan, Kaushambi, Sector-14, |
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Date of Birth/Age : |
25.10.1979 |
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Date of Appointment : |
15.10.2005 |
|
PAN No.: |
AGYPR9420K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.06.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Toyoda Gosei Company Limited, Japan |
586421 |
26.00 |
|
Cooper Standard Automotive Inc., USA |
1669046 |
74.00 |
|
Total |
2255467 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 19.06.2014
|
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 : |
Subject is in the business of manufacturing automotive body
seals and glass runs. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS (As on 31.12.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Automobile profiles |
Mtr |
53913600 |
48105131 |
|
Compound |
Kg |
-- |
683720 |
|
Tooling |
Nos |
-- |
22 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Union Bank of India, Industrial Finance Branch, M-11, 1st
Floor, Middle Circle, Connaught Circus, New Delhi – 110001,India |
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Facilities : |
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Banking
Relations : |
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Financial Institution: |
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Auditors : |
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Name : |
S. R. Batliboi and Company Chartered Accountants |
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Address : |
Batliboi House |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABBPS5009B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding company: |
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Associates |
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Fellow
subsidiaries: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2400000 |
Equity Shares |
Rs.100/- each |
Rs. 240.000 Millions |
|
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2255467 |
Equity Shares |
Rs.100/- each |
Rs. 225.547
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
|
|
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I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
225.547 |
225.547 |
225.547 |
|
(b) Reserves & Surplus |
414.614 |
406.095 |
377.857 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
640.161 |
631.642 |
603.404 |
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|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
292.905 |
0.000 |
0.000 |
|
(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 |
85.225 |
84.390 |
67.812 |
|
Total
Non-current Liabilities (3) |
378.130 |
84.390 |
67.812 |
|
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|
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(4) Current Liabilities |
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|
|
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(a) Short term borrowings |
328.414 |
174.188 |
111.128 |
|
(b) Trade payables |
525.759 |
695.882 |
654.242 |
|
(c) Other current liabilities |
247.374 |
34.666 |
49.742 |
|
(d) Short-term provisions |
3.150 |
9.025 |
10.391 |
|
Total
Current Liabilities (4) |
1104.697 |
913.761 |
825.503 |
|
|
|
|
|
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TOTAL |
2122.988 |
1629.793 |
1496.719 |
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|
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II.
ASSETS |
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|
|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
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|
|
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(i) Tangible assets |
614.206 |
553.230 |
477.247 |
|
(ii) Intangible Assets |
19.218 |
35.601 |
44.951 |
|
(iii) Capital work-in-progress |
402.311 |
52.306 |
51.702 |
|
(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) |
12.074 |
2.159 |
5.606 |
|
(d) Long-term Loan and Advances |
20.805 |
12.894 |
12.978 |
|
(e) Other Non-current assets |
1.489 |
4.865 |
2.731 |
|
Total
Non-Current Assets |
1070.103 |
661.055 |
595.215 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
412.743 |
225.655 |
249.228 |
|
(c) Trade receivables |
428.478 |
558.189 |
433.034 |
|
(d) Cash and cash equivalents |
36.175 |
76.422 |
28.578 |
|
(e) Short-term loans and
advances |
174.124 |
66.756 |
102.467 |
|
(f) Other current assets |
1.365 |
41.716 |
88.197 |
|
Total
Current Assets |
1052.885 |
968.738 |
901.504 |
|
|
|
|
|
|
TOTAL |
2122.988 |
1629.793 |
1496.719 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
SALES |
|
|
|
|
|
Gross Sales |
3945.930 |
3653.520 |
3038.100 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
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|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
217.210 |
161.515 |
193.798 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
48.370 |
32.863 |
20.429 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
168.840 |
128.652 |
173.369 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
134.210 |
85.277 |
81.958 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
34.620 |
43.375 |
91.411 |
|
|
|
|
|
|
|
|
TAX |
1.860 |
15.454 |
38.087 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
32.760 |
27.921 |
53.324 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(209.920) |
(237.880) |
(291.211) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(177.160) |
(209.960) |
(237.886) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
59.184 |
110.881 |
46.891 |
|
|
TOTAL
EARNINGS |
59.184 |
110.881 |
46.891 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
872.679 |
796.145 |
681.767 |
|
|
Components and Stores parts |
2.871 |
86.903 |
5.837 |
|
|
Capital Goods |
332.125 |
44.826 |
38.886 |
|
|
TOTAL
IMPORTS |
1207.675 |
927.874 |
726.490 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
14.52 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.83 |
0.76 |
1.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.50 |
4.42 |
6.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.03 |
2.75 |
6.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.07 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.97 |
0.28 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.06 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
225.547 |
225.547 |
225.547 |
|
Reserves & Surplus |
377.857 |
406.095 |
414.614 |
|
Net
worth |
603.404 |
631.642 |
640.161 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
292.905 |
|
Short term borrowings |
111.128 |
174.188 |
328.414 |
|
Total
borrowings |
111.128 |
174.188 |
621.319 |
|
Debt/Equity
ratio |
0.184 |
0.276 |
0.971 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Sales |
3038.100 |
3653.520 |
3945.930 |
|
|
|
20.257 |
8.004 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Sales |
3038.100 |
3653.520 |
3945.930 |
|
Profit |
53.324 |
27.921 |
32.760 |
|
|
1.76% |
0.76% |
0.83% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
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 |
PERFORMANCE OF THE
COMPANY
The Company sales for 15 months ended on 31st March 2014 is 3945.930 millions as compared to 3653.520 millions in the previous year.
During the year, the Company has successfully catered to the new business acquired from the existing customers. The company has also bagged additional business from Renault XBA and Nissan I2, Maruti Suzuki Y9T and other are in finalization stages.
CORPORATE INFORMATION
Subject is a subsidiary of Cooper Standard Automotive Inc., U.S.A. The Company is in the business of manufacturing automotive body seals and glass runs. The Company operates out of its three units in Sahibabad (UP), Manesar (Haryana) and Dharuhera (Haryana).
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED
|
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10260086 |
15/12/2010 |
20,000,000.00 |
UNION BANK OF INDIA |
CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B02787828 |
|
2 |
10029924 |
08/12/2006 |
2,600,000.00 |
MARUTI UDYOG LTD |
11 TH FLOORJEEVAN PRAKASH 25 KASTURBA, GANDHI MAGH, NEW DELHI, DELHI - 110001, INDIA |
A08393605 |
|
3 |
10015299 |
19/07/2006 |
1,014,450.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38B NARIMAN
BHAVAN 227NARIMAN POINT, MUMBAI, M |
A03063815 |
|
4 |
90061382 |
31/05/1999 * |
8,000,000.00 |
ANZ GRINDLAYS BANK |
H-BLOCK, CON. CIR., NEW DELHI, DELHI - 110001, INDIA |
- |
|
5 |
90061223 |
24/03/1998 * |
10,000,000.00 |
ANZ GRINDLAYS BANK |
H-BLOCK, CON. CIR., NEW DELHI, DELHI - 110001, INDIA |
- |
|
6 |
80021798 |
19/12/2013 * |
530,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, M-11, 1ST FLOOR, MIDDLE CIRCLE, CONNAUGHT CIRCUS, NEW DELHI, DELHI -
110 |
B94049269 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
- Know-how
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.63.07 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
RAS |
|
|
|
|
Analysis Done by
: |
GYT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.