1. Summary Information
|
|
|
Country |
|
|
Company Name |
VISTEON AUTOMOTIVE SYSTEMS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Nagasubramony Ramachandran |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. K.T. Choi |
|
|
|
Registration # |
18-037782 |
|
Street Address |
|
||
|
Established Date |
21.03.1997 |
SIC Code |
-- |
|
Telephone# |
91-4114-254280/ 44-2745280 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-4114-253858/44-27453858 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Climate Control Systems |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Interior |
|
Paid up capital |
Rs. 1,422,216,000 |
Product Name 3 |
Exterior Systems |
|
Shareholders |
Foreign holdings (100%) |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
17 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (52) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
South Korea |
Halla Climate Control Corporation, |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
6864,991,000 |
Current Liabilities |
5177,973,000 |
|
Inventories |
1477,737,000 |
Long-term Liabilities |
1332,038,000 |
|
Fixed Assets |
2524,445,000 |
Other Liabilities |
212,729,000 |
|
Deferred Assets |
40,855,000 |
Total Liabilities |
6722,740,000 |
|
Invest& other Assets |
424,100,000 |
Retained Earnings |
3,187,172,000 |
|
|
|
Net Worth |
4,609,388,000 |
|
Total Assets |
11332,128,000 |
Total Liab. & Equity |
11332,128,000 |
|
Total Assets (Previous Year) |
9,124,244,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
17,021,240,000 |
Net Profit |
721,030,000 |
|
Sales(Previous yr) |
14,259,070,000 |
Net Profit(Prev.yr) |
658,660,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
VISTEON AUTOMOTIVE SYSTEMS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
18-037782 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1422.216 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35911TN1997PTC037782 |
|
|
|
|
IEC No.: |
0497005964 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM02304B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM6890R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of auto components. |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 18000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “VISTEON CORPORATION INC., USA”. It is an
established company having satisfactory track record. The company possesses a good enough financial profile marked by decent
networth base and comfortable capital structure. Management has also reported a growth in its sales volume as well as
net profitability which has in turn improved the business profile during
2013. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experienced promoters and reputed group, the subject can be
considered for 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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles from
its Talegaon plant near Pune in the second half of 2014. GM was one of the few
global carmakers that was using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly
because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns
from fears that the first are providing trade secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 DECLINED
|
Name : |
Mr. Sampath |
|
Designation : |
Officer Executive |
|
Contact No.: |
91-44-27453857 |
LOCATIONS
|
Registered/Corporate Office/ Factory : |
Keelakaranai Village, Malrospuram Post, Chengalpatt – 603204, Tamilnadu,
India |
|
Tel. No.: |
91-4114-254280 91-44-27416500 / 27454280 / 27416941 |
|
Fax No.: |
91-4114-253858 / 254398 91-44-27453857 / 58 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1256720 sq. ft. |
|
Location : |
Leased by company |
|
|
|
|
Factory: |
AV-11 ,GIDC - Sanand - II, Bol Industrial Estate, Ahmedabad - 382110, Gujarat, India |
DIRECTORS
As on: 19.08.2013
|
Name : |
Mr. Nagasubramony Ramachandran |
|
Designation : |
Managing director |
|
Address : |
Plot No. B 26, 3rd Cross ST, AG’S Colony Extension Beach
Layout, Kottivakkam Chennai – 600041, Tamilnadu, India |
|
Date of Birth/Age : |
24.05.1967 |
|
Date of Appointment : |
10.08.2012 |
|
DIN No.: |
00198053 |
|
|
|
|
Name : |
Mr. K. T. Choi |
|
Designation : |
Additional director |
|
Address : |
Flat No. 504, Block B, New No. 81, Old No. 59 and 60, Laurels Chaitanya
Building, C P Ramaswamy Road, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
23.02.1960 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
01558996 |
|
|
|
|
Name : |
Mr. Park Hwan Yong |
|
Designation : |
Director |
|
Address : |
Yeolmaeul 5, Danji Apartment, No. 510-2001, 877 16/6 Jijok Dong,
Yuseonggu, Daejeon 306230, Republic of Korea |
|
Date of Birth/Age : |
26.10.1956 |
|
Date of Appointment : |
27.09.2004 |
|
DIN No.: |
01330369 |
|
|
|
|
Name : |
Mr. Swaminathan Balasubramanian |
|
Designation : |
Director |
|
Address : |
Flat-3, Clasaya Apartment, 189 A, St Marrys Road, Alwarpet, Chennai,
Tamilnadu, India |
|
Date of Birth/Age : |
03.03.1963 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
01267383 |
|
|
|
|
Name : |
Mr. Hyun Cheon Lee |
|
Designation : |
Managing Director |
|
Address : |
702, Ficus Groove Apartment, R. A. Puram, Chennai – 600018, Tamilnadu,
India |
|
Date of Birth/Age : |
20.09.1961 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
03493476 |
|
|
|
|
Name : |
Oh Jin Park |
|
Designation : |
Additional director |
|
Address : |
104-804, Wonju The Sharp Apt 9/4, Seogok-Ri, Panbu Myeon, Wonju-Si,
Gangwon -Do Republic of Korea Gangwon |
|
Date of Birth/Age : |
04.04.1962 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06529706 |
|
|
|
|
Name : |
Mr. Yang Woo Nam |
|
Designation : |
Alternate Director to YH Park |
|
Address : |
Dalsun and Company, New No.28, Brienz Villa Cooperative Alwarpet, Chennai
– 600018, Tamilnadu, India |
|
Date of Birth/Age : |
25.02.1966 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
06618675 |
|
|
|
|
Name : |
Mr. Murali Vaidyanathan |
|
Designation : |
Alternate Director |
|
Address : |
A-207,Manosarovar, 19, III Seaward Road, Valmiki Nagar, Chennai –
600041, Tamilnadu India |
|
Date of Birth/Age : |
26.10.1963 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
01882237 |
KEY EXECUTIVES
|
Name : |
Mr. Sharath Chandra Kusumba |
|
Designation : |
Secretary |
|
Address : |
No.18, Old No. 95, Kattapomman Street, Taramani, Chennai – 600113,
Tamilnadu, India |
|
Date of Birth/Age : |
03.04.1982 |
|
Date of Appointment : |
17.02.2011 |
|
PAN : |
AVTPK8845P |
|
Name : |
Mr. Sampath |
|
Designation : |
Officer Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 19.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Climate Global LLC, |
|
133521577 |
|
Halla Climate Control Corporation, |
|
8700022 |
|
Y H Park |
|
1 |
|
|
|
|
|
Total |
|
142221600 |
Equity Share Break up (Percentage of Total Equity)
As on: 19.08.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of auto components. |
||||
|
|
|
||||
|
Products : |
|
|
Exports : |
|
|
Countries : |
·
South Africa ·
USA ·
Korea ·
Germany ·
Europe |
|
|
|
|
Imports : |
|
|
Countries : |
·
Spain ·
Italy ·
Korea |
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
|
|
|
|
Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
Tidel Park, Chennai, Tamil Nadu, India |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Ultimate Holding
Company: |
Visteon Corporation Inc., USA |
|
|
|
|
Holding Company of
Holding Company: |
Halla Climate Control Corporation, South Korea |
|
|
|
|
Holding Company: |
Climate Global LLC – Korea |
|
|
|
|
Subsidiaries of Ultimate
Holding Company:’ |
· ARS, Inc.- United States · Aeropuerto Sistemas Automotrices S De Rl De Cv- Mexico · Aerospace Y Communicaciones De Venezuela Ca- Venezuela · Altec Electronica Chihuahua, S.A. De C.V.- Mexico · ATLANTIC AUTOMOTIVE COMPONENTS, L.L.C.- United States · Automotive Products Limited- United Kingdom · Autovidrio, S.A. De C.V.- Mexico · Brasil Holdings Ltda- Brazil · Cadiz Electronica Sa-Spain · Carplastic, S.A. De C.V.- Mexico · Climate Systems India Limited- India · Climate Systems Mexicana, S.A. De C.V.- Mexico · Coclisa, S.A. De C.V.- Mexico · Fairlane Holdings Inc- United States · GCM/Visteon Automotive Leasing Systems, LLCUnited States · GCM/VISTEON AUTOMOTIVE SYSTEMS LLC- United States · Grupo Visteon, S. De R.L. De C.V.- Mexico · Mig-Visteon Automotive Systems Llc- United States · Oasis Holdings Statutory Trust- United States · Reydel Nederland N.V.- Netherlands · Shanghai Yanfeng Johnson Controls Seating Company- China · Vc Regional Assembly and Manufacturing, Llc- United States · VEHC, LLC- Hungary · Visteon Ardennes Industries SAS- France · Visteon Asia Holding Inc- United States · Visteon Caribbean Inc- United States · Visteon Climate Holdings (Hong Kong), Limited- Hong Kong · Visteon de Mexico S. de R.L.- Mexico · Visteon Deutschland GMBH- Germany · Visteon Domestic Holdings Llc- United States · Visteon Electronics Corporation- United States · Visteon Electronics Holdings (Hong Kong), Limited- Hong Kong · Visteon Engineering Services Limited- England · Visteon European Holdings, Inc- United States · Visteon Financial, Llc- United States |
|
|
|
|
Fellow
Subsidiaries: |
· Climate Systems, Mexicana · Fuchang Climate Systems, China · Halla Climate Control Canada Inc – Canada · Halla Climate Control Slovakia s.r.o - Slovak Republic · Halla Climate Systems Alabama Corp. – USA · Visteon Aftermarket, Netherlands · Visteon Asia Pacific Inc.; Visteon · Automotive Systems, Canada · Visteon Britain · Visteon Cadiz, Spain · Visteon Charieville, France · Visteon Climate Control, Beijing · Visteon Climate Systems India Limited · Visteon Customer and Technology – England · Visteon Philippines, INC |
CAPITAL STRUCTURE
As on: 19.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160000000 |
Equity Shares |
Rs.10/- each |
Rs. 1600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
142221600 |
Equity Shares |
Rs.10/- each |
Rs. 1422.216
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1422.216 |
1422.216 |
1322.216 |
|
(b) Reserves & Surplus |
3187.172 |
2445.677 |
1874.216 |
|
(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) |
4609.388 |
3867.893 |
3196.432 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1332.038 |
1332.038 |
1332.038 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
65.604 |
67.047 |
.000 |
|
(d) long-term provisions |
114.104 |
101.810 |
1.500 |
|
Total
Non-current Liabilities (3) |
1511.746 |
1500.895 |
1333.538 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
4764.242 |
3159.313 |
2674.052 |
|
(c) Other current liabilities |
413.731 |
545.705 |
340.541 |
|
(d) Short-term provisions |
33.021 |
50.438 |
70.912 |
|
Total
Current Liabilities (4) |
5210.994 |
3755.456 |
3085.505 |
|
|
|
|
|
|
TOTAL |
11332.128 |
9124.244 |
7615.475 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2516.171 |
2341.772 |
2011.691 |
|
(ii) Intangible Assets |
8.274 |
7.973 |
0.000 |
|
(iii) Capital work-in-progress |
424.100 |
275.764 |
319.641 |
|
(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) |
40.855 |
72.071 |
116.904 |
|
(d) Long-term Loan and Advances |
90.897 |
20.893 |
48.635 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3080.297 |
2718.473 |
2496.871 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1477.737 |
1523.326 |
1130.506 |
|
(c) Trade receivables |
2565.564 |
2286.903 |
1434.576 |
|
(d) Cash and cash equivalents |
3398.246 |
2074.384 |
2114.984 |
|
(e) Short-term loans and
advances |
793.977 |
507.191 |
424.529 |
|
(f) Other current assets |
16.307 |
13.967 |
14.009 |
|
Total
Current Assets |
8251.831 |
6405.771 |
5118.604 |
|
|
|
|
|
|
TOTAL |
11332.128 |
9124.244 |
7615.475 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
17021.240 |
14259.070 |
12684.000 |
|
|
|
Other Income |
222.110 |
212.780 |
143.000 |
|
|
|
TOTAL |
17243.350 |
14471.850 |
12827.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
16386.280 |
13427.440 |
11664.000 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
857.070 |
1044.410 |
1163.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
136.040 |
385.750 |
460.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
721.030 |
658.660 |
703.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1534.160 |
875.500 |
172.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2255.190 |
1533.000 |
875.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
548.990 |
658.880 |
298.170 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.07 |
4.63 |
5.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.18 |
4.55 |
5.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.04 |
7.32 |
9.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.89 |
11.90 |
16.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.27 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29 |
0.34 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.71 |
1.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1322.216 |
1422.216 |
1422.216 |
|
Reserves & Surplus |
1874.216 |
2445.677 |
3187.172 |
|
Net
worth |
3196.432 |
3867.893 |
4609.388 |
|
|
|
|
|
|
long-term borrowings |
1332.038 |
1332.038 |
1332.038 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1332.038 |
1332.038 |
1332.038 |
|
Debt/Equity
ratio |
0.417 |
0.344 |
0.289 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
12684.000 |
14259.070 |
17021.240 |
|
|
|
12.418 |
19.371 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
12684.000 |
14259.070 |
17021.240 |
|
Profit |
703.000 |
658.660 |
721.030 |
|
|
5.54% |
4.62% |
4.24% |
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 |
Yes |
|
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 |
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) |
Yes |
|
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 |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Deferred Sales tax loan |
1332.038 |
1332.038 |
|
|
|
|
|
Total |
1332.038 |
1332.038 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10203176 |
04/07/2011 * |
250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B19150564 |
|
2 |
80055330 |
14/09/2000 |
433,520,171.30 |
FORD INDIA LIMITED |
S.P.KOIL POST, MARAIMALAI NAGAR, CHENGALPATTU - 603204, TAMILNADU, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
Office
Building
Other
Building
Plant
and Equipment
Other
Plant and Equipment
Office
Equipment
Other
Equipments
Computer
Equipments
Furniture
and Fixtures
Vehicles
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. 61.75 |
|
|
1 |
Rs. 100.07 |
|
Euro |
1 |
Rs. 77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.