MIRA INFORM REPORT
|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUJA
AUTOMOTIVE LIMITED |
|
|
|
|
Formerly Known as : |
LRLIH LIMITED |
|
|
|
|
Registered Office : |
16 Charles Ii Street,
4th Floor, London, Sw1y 4qu |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
27.09.1919 |
|
|
|
|
Com. Reg. No.: |
00159177 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
A group engaged in manufacturing motor vehicles, engines and related components. |
|
|
|
|
No of Employees : |
17846 (31.03.2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.
|
Source : CIA |
Company
summary
Company Name HINDUJA AUTOMOTIVE
LIMITED
Company No 00159177
Registered Address 16 CHARLES II
STREET
4TH FLOOR
LONDON
SW1Y 4QU
Trading
Address 4th Floor
16 Charles II Street
London
SW1Y 4QU
Website
Address http://www.hindujagroup.com
Telephone Number -
Fax Number -
TPS -
FPS No
Incorporation Date 27/09/1919
Previous Name LRLIH LIMITED
Type Private
limited with Share Capital
FTSE Index -
Date of Change 03/04/2008
Filing Date of
Accounts 23/12/2013
Currency GBP
Share Capital £76,075,253
SIC07 70100
SIC07 Description ACTIVITIES OF
HEAD OFFICES
Principal Activity A group
engaged in manufacturing motor vehicles, engines and related
components.
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period decreased 13.2% on the previous
trading period. |
|
Net Worth decreased by 5.2% during the latest trading period. |
|
A 7.5% growth in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits decreased by 102.4% compared to the previous trading
period. |
|
The company saw an increase in their Cash Balance of 18.8% during the
latest trading period. |
|
The auditors have been unable to give a full opinion due to a
disagreement over accounting practise. |
|
The company has undergone recent changes in its directorships. |
|
The company is part of a group. |
|
The company has changed its registered address recently. |
|
The company was established over 94 years ago. |
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
Total Current
Directors |
5 |
|
Total Current
Secretaries |
1 |
|
Total Previous Directors
/ Company Secretaries |
14 |
Current
Directors
|
Name |
Gopichand Parmanand Hinduja |
Date of Birth |
29/01/1940 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
15/11/2007 |
||
|
Address |
16 Charles Ii Street, 4th Floor, London, SW1Y 4QU |
||
|
Name |
Herbert Klingele |
Date of Birth |
11/02/1931 |
|
Officers Title |
Mr |
Nationality |
German |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
31/10/1992 |
||
|
Address |
16 Charles Ii Street, 4th Floor, London, SW1Y 4QU |
||
|
Name |
Firooz Sahami |
Date of Birth |
25/04/1937 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
31/10/1992 |
||
|
Address |
16 Charles Ii Street, 4th Floor, London, SW1Y 4QU |
||
|
Name |
Dheeraj Gopichand Hinduja |
Date of Birth |
27/07/1971 |
|
Officers Title |
Nationality |
British |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
23/10/1998 |
||
|
Address |
16 Charles Ii Street, 4th Floor, London, SW1Y 4QU |
||
|
Name |
Ajay Prakash Hinduja |
Date of Birth |
12/12/1967 |
|
Officers Title |
Mr |
Nationality |
Swiss |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
21/01/2010 |
||
|
Address |
16 Charles Ii Street, 4th Floor, London, SW1Y 4QU |
||
|
Name |
Abhijit Mukhopadhyay |
Date of Birth |
07/07/1953 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
21 |
Function |
Company Secretary |
|
Appointment Date |
22/01/2005 |
||
|
Address |
16 Charles Ii Street, 4th Floor, London, SW1Y 4QU |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
|
|
MACHEN HOLDING SA |
GBP |
304,301,009 |
ORDINARY |
0.25 |
|
PRAKASH PARMANAND HINDUJA |
GBP |
1 |
ORDINARY |
0.25 |
Profit
& Loss
|
Date
Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£1,499,994,000 |
-13.2% |
£1,728,088,000 |
8.1% |
£1,599,297,000 |
62.4% |
£984,755,000 |
24.7% |
£789,768,000 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost
of Sales |
£1,365,890,000 |
-8.1% |
£1,485,837,000 |
7.3% |
£1,384,236,000 |
65.8% |
£834,857,000 |
21.4% |
£687,962,000 |
|
Gross
Profit |
£134,104,000 |
-44.6% |
£242,251,000 |
12.6% |
£215,061,000 |
43.5% |
£149,898,000 |
47.2% |
£101,806,000 |
|
Wages
& Salaries |
£120,487,000 |
-8.3% |
£131,373,000 |
1.5% |
£129,383,000 |
45.7% |
£88,810,000 |
20.8% |
£73,523,000 |
|
Directors
Emoluments |
£1,025,000 |
-74.6% |
£4,034,000 |
375.7% |
£848,000 |
5.9% |
£801,000 |
-19.3% |
£993,000 |
|
Operating
Profit |
£14,988,000 |
-83.4% |
£90,185,000 |
-34.1% |
£136,786,000 |
39.7% |
£97,885,000 |
972.6% |
-£11,217,000 |
|
Depreciation |
£44,577,000 |
17.4% |
£37,984,000 |
-4.5% |
£39,794,000 |
15.9% |
£34,338,000 |
75% |
£19,618,000 |
|
Audit
Fees |
£40,000 |
- |
£40,000 |
14.3% |
£35,000 |
-22.2% |
£45,000 |
800% |
£5,000 |
|
Interest
Payments |
£56,614,000 |
24.7% |
£45,397,000 |
29.7% |
£35,009,000 |
85.2% |
£18,903,000 |
-23.3% |
£24,661,000 |
|
Pre
Tax Profit |
-£1,227,000 |
-102.4% |
£50,898,000 |
-53.2% |
£108,679,000 |
20.1% |
£90,466,000 |
505.6% |
-£22,302,000 |
|
Taxation |
-£3,259,000 |
73% |
-£12,059,000 |
57.9% |
-£28,652,000 |
-50.4% |
-£19,056,000 |
-220.6% |
-£5,943,000 |
|
Profit
After Tax |
-£4,486,000 |
-111.6% |
£38,839,000 |
-51.5% |
£80,027,000 |
12.1% |
£71,410,000 |
352.8% |
-£28,245,000 |
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
-£11,088,000 |
-165.2% |
£17,013,000 |
-58.2% |
£40,693,000 |
12.6% |
£36,141,000 |
278.8% |
-£20,209,000 |
Balance
Sheet
|
Date
Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Tangible
Assets |
£1,110,125,000 |
14.5% |
£969,522,000 |
9.5% |
£885,711,000 |
7.2% |
£826,163,000 |
21.6% |
£679,656,000 |
|
Intangible
Assets |
£39,967,000 |
-0.4% |
£40,115,000 |
-17.9% |
£48,888,000 |
835.1% |
£5,228,000 |
28.3% |
£4,075,000 |
|
Total
Fixed Assets |
£1,150,092,000 |
13.9% |
£1,009,637,000 |
8% |
£934,599,000 |
12.4% |
£831,391,000 |
21.6% |
£683,731,000 |
|
Stock |
£242,024,000 |
-17.9% |
£294,922,000 |
-9% |
£324,246,000 |
22% |
£265,748,000 |
34% |
£198,345,000 |
|
Trade
Debtors |
£142,231,000 |
12.6% |
£126,362,000 |
-21.3% |
£160,472,000 |
15.4% |
£139,115,000 |
4.9% |
£132,564,000 |
|
Cash |
£46,080,000 |
18.8% |
£38,799,000 |
27.4% |
£30,451,000 |
-66.2% |
£90,124,000 |
542.5% |
£14,026,000 |
|
Other
Debtors |
£221,837,000 |
7.2% |
£207,025,000 |
42.3% |
£145,474,000 |
-13.9% |
£168,961,000 |
34% |
£126,096,000 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£652,172,000 |
-2.2% |
£667,108,000 |
1% |
£660,643,000 |
-0.5% |
£663,948,000 |
41% |
£471,031,000 |
|
Trade
Creditors |
£301,121,000 |
-23% |
£390,908,000 |
5.6% |
£370,018,000 |
8.8% |
£340,017,000 |
36.8% |
£248,500,000 |
|
Bank
Loans & Overdrafts |
£272,962,000 |
49.2% |
£182,986,000 |
199.3% |
£61,136,000 |
212.8% |
£19,547,000 |
-19.8% |
£24,367,000 |
|
Other
Short Term Finance |
£22,897,000 |
159.1% |
£8,836,000 |
-61.3% |
£22,840,000 |
37.7% |
£16,589,000 |
370.1% |
£3,529,000 |
|
Miscellaneous
Current Liabilities |
£114,679,000 |
122.9% |
£51,449,000 |
1.8% |
£50,562,000 |
-17.6% |
£61,384,000 |
250.9% |
£17,495,000 |
|
Total
Current Liabilities |
£711,659,000 |
12.2% |
£634,179,000 |
25.7% |
£504,556,000 |
15.3% |
£437,537,000 |
48.9% |
£293,891,000 |
|
Bank
Loans & Overdrafts and LTL |
£1,116,613,000 |
15.5% |
£967,078,000 |
5.6% |
£915,936,000 |
6.7% |
£858,462,000 |
18.6% |
£723,718,000 |
|
Other
Long Term Finance |
£179,406,000 |
45.3% |
£123,503,000 |
-8.5% |
£134,953,000 |
11.3% |
£121,224,000 |
-7.4% |
£130,848,000 |
|
Total
Long Term Liabilities |
£843,651,000 |
7.6% |
£784,092,000 |
-8.3% |
£854,800,000 |
1.9% |
£838,915,000 |
20% |
£699,351,000 |
Capital
& Reserves
|
Date
Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Called
Up Share Capital |
£76,075,000 |
- |
£76,075,000 |
- |
£76,075,000 |
- |
£76,075,000 |
- |
£76,075,000 |
|
P
& L Account Reserve |
£24,468,000 |
-30.1% |
£35,003,000 |
-19.5% |
£43,497,000 |
149.8% |
£17,412,000 |
146.9% |
-£37,095,000 |
|
Revaluation
Reserve |
£136,625,000 |
-0.7% |
£137,610,000 |
29.2% |
£106,528,000 |
-7.9% |
£115,614,000 |
2.5% |
£112,754,000 |
|
Sundry
Reserves |
£9,786,000 |
- |
£9,786,000 |
- |
£9,786,000 |
- |
£9,786,000 |
- |
£9,786,000 |
|
Shareholder
Funds |
£246,954,000 |
-4.5% |
£258,474,000 |
9.6% |
£235,886,000 |
7.8% |
£218,887,000 |
35.5% |
£161,520,000 |
Other
Financial Items
|
Date
Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Net Worth |
£206,987,000 |
-5.2% |
£218,359,000 |
16.8% |
£186,998,000 |
-12.5% |
£213,659,000 |
35.7% |
£157,445,000 |
|
Working Capital |
-£59,487,000 |
-280.7% |
£32,929,000 |
-78.9% |
£156,087,000 |
-31.1% |
£226,411,000 |
27.8% |
£177,140,000 |
|
Total Assets |
£1,802,264,000 |
7.5% |
£1,676,745,000 |
5.1% |
£1,595,242,000 |
6.7% |
£1,495,339,000 |
29.5% |
£1,154,762,000 |
|
Total Liabilities |
£1,555,310,000 |
9.7% |
£1,418,271,000 |
4.3% |
£1,359,356,000 |
6.5% |
£1,276,452,000 |
28.5% |
£993,242,000 |
|
Net Assets |
£246,954,000 |
-4.5% |
£258,474,000 |
9.6% |
£235,886,000 |
7.8% |
£218,887,000 |
35.5% |
£161,520,000 |
Cash
Flow
|
Date
Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Net
Cashflow from Operations |
£69,473,000 |
-46.9% |
£130,950,000 |
9.2% |
£119,949,000 |
-17.6% |
£145,523,000 |
999.9% |
-£61,000 |
|
Net
Cashflow before Financing |
-£133,860,000 |
-78.9% |
-£74,808,000 |
43.4% |
-£132,068,000 |
-999.9% |
£3,012,000 |
102.1% |
-£146,303,000 |
|
Net
Cashflow from Financing |
£140,851,000 |
69.4% |
£83,156,000 |
14.9% |
£72,395,000 |
-0.9% |
£73,086,000 |
-29.5% |
£103,624,000 |
|
Increase
in Cash |
£6,991,000 |
-16.3% |
£8,348,000 |
114% |
-£59,673,000 |
-178.4% |
£76,098,000 |
278.3% |
-£42,679,000 |
Miscellaneous
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£1,090,605,000 |
4.6% |
£1,042,566,000 |
-4.4% |
£1,090,686,000 |
3.1% |
£1,057,802,000 |
22.9% |
£860,871,000 |
|
Number of Employees |
17846 |
-6.9% |
19175 |
2% |
18806 |
13.4% |
16577 |
999.9% |
14 |
|
Auditors |
LUBBOCK FINE |
|
Auditor Comments |
The auditors have been unable to give a full opinion due to a
disagreement over accounting practise |
|
Bankers |
HSBC BANK PLC |
|
Bank Branch Code |
40-05-20 |
Ratios
|
Date Of Accounts |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
31/03/09 |
|
Pre-tax profit margin % |
-0.08 |
2.95 |
6.80 |
9.19 |
-2.82 |
|
Current ratio |
0.92 |
1.05 |
1.31 |
1.52 |
1.60 |
|
Sales/Net Working Capital |
-25.22 |
52.48 |
10.25 |
4.35 |
4.46 |
|
Gearing % |
452.20 |
374.10 |
388.30 |
392.20 |
448.10 |
|
Equity in % |
14 |
15.80 |
15.30 |
14.70 |
14 |
|
Creditor Days |
73.07 |
82.33 |
84.21 |
125.68 |
114.53 |
|
Debtor Days |
34.51 |
26.61 |
36.52 |
51.42 |
61.09 |
|
Liquidity/Acid Test |
0.57 |
0.58 |
0.66 |
0.91 |
0.92 |
|
Return On Capital Employed % |
-0.11 |
4.88 |
9.96 |
8.55 |
-2.59 |
|
Return On Total Assets Employed % |
-0.06 |
3.03 |
6.81 |
6.04 |
-1.93 |
|
Current Debt Ratio |
2.88 |
2.45 |
2.13 |
1.99 |
1.81 |
|
Total Debt Ratio |
6.29 |
5.48 |
5.76 |
5.83 |
6.14 |
|
Stock Turnover Ratio % |
16.13 |
17.06 |
20.27 |
26.98 |
25.11 |
|
Return on Net Assets Employed % |
-0.49 |
19.69 |
46.07 |
41.33 |
-13.80 |
Status
History
|
No Status History found |
Event History
|
Date |
Description |
|
23/04/2014 |
Dr V. Sumantran has left the board |
|
09/01/2014 |
New Accounts Filed |
|
09/01/2014 |
New Accounts Filed |
|
01/10/2013 |
Annual Returns |
|
23/07/2013 |
Change in Reg.Office |
|
26/03/2013 |
R. Seshasayee has left the board |
|
11/01/2013 |
New Accounts Filed |
|
11/01/2013 |
New Accounts Filed |
|
19/09/2012 |
Annual Returns |
|
21/09/2011 |
Annual Returns |
|
20/09/2011 |
New Accounts Filed |
|
20/09/2011 |
New Accounts Filed |
|
20/09/2010 |
Annual Returns |
|
17/08/2010 |
New Accounts Filed |
|
16/08/2010 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
03/04/2008 |
LRLIH LIMITED |
|
27/10/1987 |
LAND ROVER - LEYLAND INTERNATIONAL HOLDINGS LIMITED |
|
14/03/1983 |
BRITISH LEYLAND INTERNATIONAL HOLDINGS LIMITED |
Statistics
|
Group |
6 companies |
|
Linkages |
5 companies |
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
AMAS HOLDING SPF |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
N/A |
- |
- |
|
|
|
|
N/A |
- |
- |
|
|
|
01682644 |
31.03.2013 |
Y |
£17,831,000 |
|
|
|
01893747 |
31.12.2013 |
N |
||
|
|
B27091 |
31.03.2011 |
Y |
€1,919,156,401 |
|
|
|
00159177 |
31.03.2013 |
Y |
£1,499,994,000 |
%2005-Jun-2014_files/image005.gif){kind=small}
Statistics
|
Group |
|
|
Linkages |
5 companies |
|
Countries |
In 3 countries |
Other
Linked companies
|
Number |
Latest Key Financials |
||
|
ASHOK LEYLAND |
0018-105 |
31.03.2013 |
€1,880,929,901 |
|
HINDUJA FOUNDRIES |
18-03849 |
31.03.2013 |
€46,891,037 |
|
ALBONAIR GMBH |
HRB 21172 |
31.12.2012 |
|
|
GULF OIL BENELUX B.V. |
33302811 |
31.12.2013 |
|
|
NISSAN ASHOK LEYLAND POWERTRAI |
- |
Exact
CCJ Details
No CCJs found
Possible
CCJs Details
There are no possible CCJ details
Writ
Details
No writs found
Mortgage
Details
|
Mortgage Type: |
|||
|
Date Charge Created: |
31/07/13 |
||
|
Date Charge Registered: |
20/08/13 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
BANK OF BARODA; |
||
|
Amount Secured: |
|||
|
Details: |
CONTAINS FIXED CHARGE. |
||
|
Mortgage Type: |
MEMORANDUM OF DEPOSIT (OWN ACCOUNT) |
||
|
Date Charge Created: |
11/03/13 |
||
|
Date Charge Registered: |
28/03/13 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
BANK OF BARODA |
||
|
Amount Secured: |
USD 41.30 MILLION AND ALL OTHER MONIES DUE OR TO BECOME DUE TO THE
CHARGEE |
||
|
Details: |
REGISTRATION OF CHARGE/LIEN OF THE BANKOVER DEPOSIT ACCOUNTS OF THE
COMPANY WITH THE BANK BEARING ACCOUNT NUMBERS: FDR-03/14059 15404 15405 15406
14060 14061 14219 15407 15408 |
||
|
Mortgage Type: |
MEMORANDUM OF DEPOSIT (OWN ACCOUNT) |
||
|
Date Charge Created: |
23/12/11 |
||
|
Date Charge Registered: |
13/01/12 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
BANK OF BARODA |
||
|
Amount Secured: |
USD 775,000.00 AND ALL OTHER MONIES DUEOR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE |
||
|
Details: |
5 MILLION IN ACCOUNT NUMBER 94100300014059USD 5 MILLION IN A/C NO
94100300014060 &USD 4 MILLION IN A/C NO. 94100300014061 |
||
|
Mortgage Type: |
MORTGAGE OF SHARES |
||
|
Date Charge Created: |
30/08/06 |
||
|
Date Charge Registered: |
19/09/06 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
ALL STOCK SHARES BONDS DEBENTURES UNIT TRUST INVESTMENTS CERIFICATES OF
DEPOSITAND OTHER SECURITIES,ALL DIVIDENDS, SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
CHARGE OVER SECURITIES |
||
|
Date Charge Created: |
17/03/95 |
||
|
Date Charge Registered: |
22/03/95 |
||
|
Date Charge Satisfied: |
06/03/10 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC, |
||
|
Amount Secured: |
ALL MONEYS DUE OR TO BECOME DUE FROM THE COMPANY TO MIDLAND BANK PLC SUPPLEMENTAL
TO THE TERMS OF ALOAN AGREEMENT OF EVEN DATE AND/OR THIS CHARGE. |
||
|
Details: |
FIXED CHARGE OVER THE CHARGED SECURITIES (AS DEFINED ) AND ANY
DETIVATIVE ASSETS (AS DEFINED) BY WAYOF ASSIGNMENT, ALLTHE RIGHTS TITLE AND INTEREST
FROM TIMETO TIME OF THE COMPANY UNDER OR IN CONNECTION WITH THE OFFERING
CIRCULAR IN RESPECT OF AN ISSUE OF GLOBAL DEPOSITORY RECEIPTS AND RESTRICTED
GLOBAL RECEIPTS SHARES IN ASHOK LEYLAND LIMITED ("THE OFFERING
CIRCULAR") .PLEASE SEE DOC FOR FURTHERDETAILS |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Verinder Kumar Beri |
1 |
1 |
|
Firooz Sahami |
3 |
2 |
|
Roberto Borsa |
0 |
1 |
|
Massino Aimetti |
0 |
2 |
|
Renato Sorce |
0 |
1 |
|
Subhash Chawla |
0 |
1 |
|
Luigi Matta |
0 |
1 |
|
Pierangelo Giubasso |
0 |
4 |
|
Jean Brunol |
0 |
1 |
|
Marco Bianchi |
0 |
4 |
|
Franco Fenoglio |
0 |
1 |
|
Francisco Javier Colon Martinez |
0 |
1 |
|
Ramaswami Seshasayee |
0 |
1 |
|
Venkataramane Sumantran |
0 |
1 |
|
Average Invoice
Value |
n/a |
|
Invoices
available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
|
Trade Payment Data is information that we
collect from selected third party partners who send us information about
their whole sales ledger. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
UK Pound |
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.