MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SEW-EURODRIVE INDIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDS00751C

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Assembling and Dealing of Electric Motors and Accessories, Parts.

 

 

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name:

Corporation Bank, Alkapuri Branch, National Plaza, R. C. Dutt Road, Alkapuri, Vadodara - 390007, Gujarat, India

Person Name:

Mr. Bakre (Forex Manager)

Tel No.:

91-265-2351130

Remark:

The related company as very good.

 

 

Facilities :

UNSECURED LOAN

 

PARTICULARS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

Short-term borrowings

 

 

Loans repayable on demand from banks

0.000

92.527

 

 

 

Total

0.000

92.527

 

Banking Relations :

 

 

 

Auditors :

 

Name :

B S R and Company

Chartered Accountants

Address :

Lodha Excelus, 1st Floor Apollo Mills Compound, N. M. Joshi Marg, Mahalakshmi, Mumbai – 400011, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAIFB4734C

 

 

Holding company:

·         SEW Industriebeteiligings Gmbh

 

 

 

 

Ultimate Holding

company:

·         SEW Eurodrive GmBH and Company, KG, Germany

 

 

Associate:

·         SEW Eurodrive Pte Limited – Singapore

·         SEW Industrial Gears. OY, Finland

·         SEW Eurodrive Pty Limited-South Africa

·         SEW Eurodrive Intl. BV Others, Netherland

·         SEW Eurodrive Tianjin Company Limited- China

·         SEW Eurodrive Inc- USA

·         SEW Motor (Suzho) - China

 

 

Parent Company:

·         Sew Eurodrive GmBH, Germany

 

 

 

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

158.576

158.576

99.281

(b) Reserves & Surplus

844.834

767.109

511.385

(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)

1003.410

925.685

610.666

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

13.164

2.127

13.828

(c) Other long term liabilities

0.305

0.230

0.735

(d) long-term provisions

5.192

3.935

1.427

Total Non-current Liabilities (3)

18.661

6.292

15.990

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

92.527

261.720

(b) Trade payables

615.538

695.343

699.620

(c) Other current liabilities

70.832

69.535

43.036

(d) Short-term provisions

19.150

5.688

96.269

Total Current Liabilities (4)

705.520

863.093

1100.645

 

 

 

 

TOTAL

1727.591

1795.070

1727.301

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

615.125

463.159

459.328

(ii) Intangible Assets

1.189

1.839

7.416

(iii) Capital work-in-progress

7.833

179.551

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

36.079

20.053

85.642

(e) Other Non-current assets

2.303

7.657

0.000

Total Non-Current Assets

662.529

672.259

552.386

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

452.314

527.067

608.708

(c) Trade receivables

339.188

424.321

406.948

(d) Cash and cash equivalents

197.744

77.566

66.516

(e) Short-term loans and advances

73.473

93.347

92.743

(f) Other current assets

2.343

0.510

0.000

Total Current Assets

1065.062

1122.811

1174.915

 

 

 

 

TOTAL

1727.591

1795.070

1727.301

 

 

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

1760.000

1873.390

1609.110

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

1553.490

1633.160

1316.430

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

206.510

240.230

292.680

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION

61.790

66.460

66.010

 

 

 

 

 

 

FINANCIAL EXPENSES                        

7.030

13.360

33.540

 

 

 

 

 

 

PROFIT BEFORE TAX

137.690

160.050

192.730

 

 

 

 

 

 

PRIOR PERIOD ADJUSTMENTS                                               

59.150

45.030

69.590

 

PROVISION FOR FBT

0.800

0.350

0.390

 

 

 

 

 

 

PROFIT AFTER TAX

77.740

115.010

123.130

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

626.400

511.380

388.250

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

704.140

626.400

511.380

 

 

 

 

 

 

Earnings Per Share (Rs.)

4.90

NA

NA

     

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office / Headquarter / Assembly Units 1 :

Plot No.4, GIDC Industrial Estate, Porramangamdi, Vadodara – 391243, Gujarat, India

Tel. No.:

91-265-3045200/ 2830492/ 2830493/ 2830494/ 2831021/ 2831086

Fax No.:

91-265-3045300/ 2831087

E-Mail :

sachin.pandit@seweurodriveindia.com

sales@seweurodriveindia.com

info@seweurodriveindia.com

vipin.verma@seweuridriveindia.com

vikas.johri@seweurodriveindia.com

rajendra.singh@seweurodriveindia.com

Website :

http://www.seweurodriveindia.com

Location :

Leased 

 

 

Assembly Units 2 :

Plot No.K3/1, SIPCOT Industrial Park, Phase- Mambakkam, Sriperumdur, Kanchipuram, Chennai – 602105, Tamilnadu, India

 

 

Assembly Units 3 :

Plant: Plot No. D236/1,  Chakan Industrial Area Phase- II,  Warale, Tal- Khed,
Pune-411003, Maharashtra, India

 

 

Technical Offices :

Located at:

 

v      Ahmedabad

v      Aurangabad

v      Bangalore

v      Bangladesh

v      Bellary

v      Chandigarh

v      Chennai

v      Cochin

v      Coimbatore

v      Cuttack

v      Gandhidham

v      Gurgaon

v      Hyderabad

v      Indore

v      Jamshedpur

v      Kolhapur

v      Kolkata

v      Lucknow

v      Mumbai

v      Nagpur

v      Nashik

v      New Delhi

v      Navi Mumbai

v      Pune

v      Raipur

v      Ranchi

v      Tiruchirappalli

v      Vadodara

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.