MIRA INFORM REPORT
|
Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROBERT BOSCH ENGINEERING AND BUSINESS SOLUTIONS LIMITED
(w.e.f. 23.01.2008) |
|
|
|
|
Formerly Known
As : |
ROBERT BOSCH INDIA LIMITED |
|
|
|
|
Registered
Office : |
No.123, Industrial Layout, Hosur Road, Koramangala,
Bangalore – 560095, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
17.12.1997 |
|
|
|
|
Com. Reg. No.: |
08-023164 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.42.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72400KA1997PLC023164 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR01042G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR7108R |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Engineering, IT and ITES Solutions. |
|
|
|
|
No. of Employees
: |
12087
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a “Robert Bosch Gmbh”, Germany. It is a well-established
company having fine track record. The rating reflects healthy financial risk profile marked by strong
liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and January
of 2013/14 which has seen some signs of recovery according to a Care Ratings
report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever bond
offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation
raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon
rate in February.
Indian Oil
Corporation plans to invest Rs.7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 : |
13.06.2014 |
LOCATIONS
|
Registered Office : |
No.123, Industrial Layout, Hosur Road, Koramangala,
Bangalore – 560095, Karnataka, India |
|
Tel. No.: |
91-80-67991265 |
|
Mobile No.: |
91-9449067158 (Mr. Dwarampudi Veera Reddy) |
|
Fax No.: |
91-80-66170711 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
DIRECTORS
AS ON 04.03.2013
|
Name : |
Mr. Vijay Ramchandra Ratnaparkhr |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 403 Cyprus, SJR Redwoods, Off Sarjapur Road, Bangalore – 560102,
Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1965 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Master of Technology, IIT, Mumbai |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03211521 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Steffem Berns |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
EL Nivas, 380/390, 2nd Cross, 16th Main Road, 3rd
Block, Koramangala, Bangalore – 560034, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.02.1963 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2013 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06449396 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Wlater Heinrish Wilhelm Grote |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Anne-Frank-Street13, Schwieberdingen, Baden Wuerttemberg 71701 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.11.1957 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.04.2013 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06563463 |
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Dwarampudi Veera Reddy |
|
Designation : |
Senior manager |
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, IT and ITES Solutions. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
End Users, OEM’s and Others (Automotive, Manufacturing and Government)
|
|
|
|
|
No. of Employees : |
12087
(Approximately) |
|
|
|
|
Bankers : |
·
Deutsche Bank Bangalore Branch, 26-27 Raheja Towers, M. G. Road, Bangalore – 560001,
Karnataka, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, Millenia 1 and 2 Murphy Road, Ulsoor, Bangalore –
560008, Karnataka, India |
|
PAN No.: |
AADFP9359C |
|
|
|
|
Holding/
Ultimate Holding Company: |
· Robert Bosch GmbH, Germany |
|
|
|
|
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 ESPAÑA FÁBRICA CASTELLET, S.A., Spain · Bosch Packaging Technology, Inc., United States · ROBERT BOSCH ESPAÑA FÁBRICA MADRID S.A., Spain · ROBERT BOSCH ESPAÑA FÁBRICA TRETO S.A., Spain · Bosch Power Tools (China) Limited, China · Bosch Reisebüro GmbH · Robert Bosch España 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 Società 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 Systèmes 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 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
42.000 |
44.000 |
44.000 |
|
(b) Reserves & Surplus |
9124.000 |
6634.000 |
2157.000 |
|
(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) |
9166.000 |
6678.000 |
2201.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
121.000 |
82.000 |
0.000 |
|
(d) long-term
provisions |
705.000 |
539.000 |
407.000 |
|
Total Non-current
Liabilities (3) |
826.000 |
621.000 |
407.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1755.000 |
1364.000 |
1435.000 |
|
(c) Other
current liabilities |
2257.000 |
2476.000 |
3222.000 |
|
(d) Short-term
provisions |
655.000 |
383.000 |
3038.000 |
|
Total Current
Liabilities (4) |
4667.000 |
4223.000 |
7695.000 |
|
|
|
|
|
|
TOTAL |
14659.000 |
11522.000 |
10303.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1723.000 |
1979.000 |
1741.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
462.000 |
185.000 |
246.000 |
|
(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) |
589.000 |
547.000 |
382.000 |
|
(d) Long-term Loan and Advances |
1795.000 |
1393.000 |
919.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4569.000 |
4104.000 |
3288.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
706.000 |
0.000 |
764.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
3740.000 |
3878.000 |
2763.000 |
|
(d) Cash
and cash equivalents |
5192.000 |
3002.000 |
3106.000 |
|
(e)
Short-term loans and advances |
206.000 |
295.000 |
252.000 |
|
(f) Other
current assets |
246.000 |
243.000 |
130.000 |
|
Total
Current Assets |
10090.000 |
7418.000 |
7015.000 |
|
|
|
|
|
|
TOTAL |
14659.000 |
11522.000 |
10303.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
26735.000 |
21880.000 |
15644.000 |
|
|
|
Other Income |
1067.000 |
427.000 |
608.000 |
|
|
|
TOTAL (A) |
27802.000 |
22307.000 |
16252.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
21.000 |
20.000 |
11.000 |
|
|
|
Employee benefit expense |
14916.000 |
11973.000 |
7941.000 |
|
|
|
Other expenses |
6577.000 |
5483.000 |
4505.000 |
|
|
|
TOTAL (B) |
21514.000 |
17476.000 |
12457.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6288.000 |
4831.000 |
3795.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.000 |
43.000 |
3.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6253.000 |
4788.000 |
3792.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1143.000 |
1257.000 |
903.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
5110.000 |
3531.000 |
2889.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1504.000 |
338.000 |
843.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
3606.000 |
3193.000 |
2046.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
856.52 |
728.39 |
466.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
12.97 |
14.31 |
12.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.11 |
16.14 |
18.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
37.55 |
32.72 |
29.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.53 |
1.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16 |
1.76 |
0.91 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
44.000 |
44.000 |
42.000 |
|
Reserves & Surplus |
2157.000 |
6634.000 |
9124.000 |
|
Net worth |
2201.000 |
6678.000 |
9166.000 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from
Operations |
15,644.000 |
21,880.000 |
26,735.000 |
|
|
|
39.862 |
22.189 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
15,644.000 |
21,880.000 |
26,735.000 |
|
Profit |
2,046.000 |
3,193.000 |
3,606.000 |
|
|
13.08% |
14.59% |
13.49% |
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 |
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 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
Bank Guarantees |
NA |
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. |
NA |
5.000 |
5.000 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
· Land
· Building
· Plant and Equipment
· Vehicles
· Motor Vehicles
·
Furniture and Fixtures
· Office Equipment
· Computer
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.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
68 |
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.