. Summary Information
|
|
|
Country |
|
|
Company Name |
LUK
INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Nitish
Pramodchandra Acharya |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Joydeep Roy |
|
|
|
Registration # |
18-010015 |
|
Street Address |
P B No. 20 Royakottah Road, Hosur, Dharmpuri, Hosur - 635109, Tamilnadu,
India |
||
|
Established Date |
22.03.1995 |
SIC Code |
-- |
|
Telephone# |
91-4344-222313 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-4344-222296 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Clutches |
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
225,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 100.00% |
Banking |
ICICI
Banking Corporation Limited |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
Germany |
Luk Vermogensverwaltungsgesellschaft mbH |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1466,779,000 |
Current Liabilities |
1 |
|
Inventories |
794,450,000 |
Long-term Liabilities |
Total Borrowings 2 |
|
Fixed Assets |
1,414,675,000 |
Other Liabilities |
3 |
|
Deferred Assets |
0,000 |
Total Liabilities |
[1+2+3] =
4 |
|
Invest& other Assets |
272,432,000 |
Retained Earnings |
Reserve & surplus 5 |
|
|
|
Net Worth |
6 |
|
Total Assets |
3,948,336,000 |
Total Liab. &
Equity |
[4 + 6] |
|
Total Assets (Previous Year) |
2,744,621,000 |
|
|
|
P/L Statement as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
4,871,874,000 |
Net Profit |
97,269,000 |
|
Total Income (Previous yr) |
3,906,685,000 |
Net Profit(Prev.yr) |
262,039,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
LUK INDIA PRIVATE LIMITED (w.e.f. 06.12.2001) |
|
|
|
|
Formerly Known
As : |
RANE CLUTCH PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
P B No. 20 Royakottah Road, Hosur, Dharmpuri, Hosur - 635109, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
22.03.1995 |
|
|
|
|
Com. Reg. No.: |
18-010015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 225.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199TZ1995PTC010015 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEL03003A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL6817D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of clutches for tractors, trucks and cars. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of Balance sheet i.e, Financials filed is shown as 31st
December, 2013 but the documents related to the financials for the year 2013
are not available from any sources. As per available financial of 2012, financial position of the company
seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central
Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs
7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
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 BY
|
Name : |
Mr. Jagannath |
|
Designation : |
Account |
|
Contact No.: |
91-4344-222505 |
|
Date : |
12.09.2014 |
LOCATIONS
|
Registered Office : |
P B No. 20 Royakottah Road, Hosur, Dharmpuri, Hosur - 635109, Tamilnadu,
India |
|
Tel. No.: |
91-4344-222313 / 22165 / 221580 |
|
Fax No.: |
91-4344-222296 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Located At · Hour, Tamilnadu, India |
DIRECTORS
AS ON 28.06.2013
|
Name : |
Mr. Nitish
Pramodchandra Acharya |
||||||||||||||||||||||||
|
Designation : |
Alternate director |
||||||||||||||||||||||||
|
Address : |
C-235, Nandanvan Society, New Sama, Vadodara – 390008,
Gujarat, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.03.1960 |
||||||||||||||||||||||||
|
Date of Appointment : |
16.10.2013 |
||||||||||||||||||||||||
|
DIN No.: |
02538284 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Joydeep Roy |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
E 1/165, Sobha Hibiscus, Outer Ring Road, Belandur, Bangalore – 560037, Karnataka, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.10.1964 |
||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2006 |
||||||||||||||||||||||||
|
PAN No.: |
AAKPR5469G |
||||||||||||||||||||||||
|
DIN No.: |
01051460 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Matthias Zink |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Ottrnhofen Im Schwrzwald, Hausacker 3, Ottenhofen 77883,
Germany |
||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1969 |
||||||||||||||||||||||||
|
Date of Appointment : |
27.06.2012 |
||||||||||||||||||||||||
|
DIN No.: |
02980544 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jagannath |
|
Designation : |
Account |
|
|
|
|
Name : |
Mr. Satyanarayan Mohanty
|
|
Designation : |
Secretary |
|
Address : |
103/25, Konappana, Agrahara
E City, Bangalore - 560100, Karnataka, India |
|
Date of Birth/Age : |
05.06.1979 |
|
Date of Appointment : |
30.09.2008 |
|
PAN No.: |
ATOPM7349H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.06.2013
|
Names of Shareholders |
No. of Shares |
|
Industrie Auf, Baugesellachaft,
Germany |
1 |
|
Luk Vermogensverwaltungsgesellschaft
Mbh, Germany |
22499999 |
|
Total |
22500000 |
AS ON 28.06.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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 : |
Manufacturer of clutches for tractors, trucks and cars. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· ICICI Banking Corporation Limited, No.110, Mahatma Gandhi Salai, Nungambakkam, Chennai - 600034, Tamilnadu, India ICICI Bank Limited, Hosur, Tamilnadu, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Maruti Info Tec Centre, 11-12-1, Inner Ring Road, Koramangala, Bangalore – 560071, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Holding Company : |
Luk Vermogensverwaltungsgesellschaft mbH, Germany |
|
|
|
|
Ultimate Holding
Company : |
INA Holding GmbH and Co. KG, Germany |
|
|
|
|
Fellow Subsidiary
Companies: |
· FAG Bearings India Limited CIN No.: L29130MH1962PLC012340 Fag Roller Bearings Private Limited CIN No.: U29130MH2001PTC134044 INA Bearings India Private Limited CIN No.: U34300PN1997PTC015240 AFT Atlas Fahrzeugtechnik GmbH Luk GmbH and Co.
KG Luk Puebla S.A.DE.C.V Luk Savaria KFT Luk Transmission
System LLC Luk Truckparts GmbH and Co, KG Luk Unna GmbH and Co KG Luk (UK)
Limited Luk- Aftermarket
Services Limited Schaeffler (Holding)
China Co Limited Schaef f ler Automotive Aftermarket Schaeffler Brasil Ltda, SOROCABA/SP Schaeffler France
S.A.S. Schaeffler Fricition Products Schaeffler Japan
Company Limited Schaeffler Korea
Corporation Schaeffler Mexico, S,
de R.L de C Schaeffler Middle East
FZE Schaeffler South Africa
(Pty) Limited Schaeffler Technologies
AG and Co KG |
CAPITAL STRUCTURE
As on 28.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 225.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,500,000 |
Equity Shares |
Rs.10/- each
|
Rs. 225.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.12.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
|
225.000 |
|
(b) Reserves & Surplus |
|
|
1475.576 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1700.576 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
324.559 |
|
(b) Deferred tax liabilities (Net) |
|
|
6.849 |
|
(c) Other long term liabilities |
|
|
15.638 |
|
(d) long-term provisions |
|
|
82.588 |
|
Total Non-current Liabilities (3) |
|
|
429.634 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
350.000 |
|
(b) Trade payables |
|
|
781.540 |
|
(c) Other current
liabilities |
|
|
660.719 |
|
(d) Short-term provisions |
|
|
25.867 |
|
Total Current Liabilities (4) |
|
|
1818.126 |
|
|
|
|
|
|
TOTAL |
|
|
3948.336 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
1413.755 |
|
(ii) Intangible Assets |
|
|
0.920 |
|
(iii) Capital
work-in-progress |
|
|
272.429 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.003 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
64.303 |
|
(e) Other Non-current assets |
|
|
0.200 |
|
Total Non-Current Assets |
|
|
1751.610 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
794.450 |
|
(c) Trade receivables |
|
|
971.997 |
|
(d) Cash and cash
equivalents |
|
|
338.294 |
|
(e) Short-term loans and
advances |
|
|
91.474 |
|
(f) Other current assets |
|
|
0.511 |
|
Total Current Assets |
|
|
2196.726 |
|
|
|
|
|
|
TOTAL |
|
|
3948.336 |
|
SOURCES OF FUNDS |
|
31.12.2011 |
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
225.000 |
225.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1378.307 |
1116.267 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1603.307 |
1341.267 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
6.261 |
2.970 |
|
|
|
|
|
|
|
|
TOTAL |
|
1609.568 |
1344.237 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
735.970 |
460.760 |
|
|
Capital work-in-progress |
|
234.789 |
14.837 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.003 |
0.003 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
672.752
|
338.070 |
|
|
Sundry Debtors |
|
814.799
|
577.342 |
|
|
Cash & Bank Balances |
|
183.750
|
153.171 |
|
|
Other Current Assets |
|
0.229
|
0.376 |
|
|
Loans & Advances |
|
102.329
|
329.200 |
|
Total
Current Assets |
|
1773.859
|
1398.159 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
986.487
|
366.774 |
|
|
Other Current Liabilities |
|
79.277
|
96.154 |
|
|
Provisions |
|
69.289
|
66.594 |
|
Total
Current Liabilities |
|
1135.053
|
529.522 |
|
|
Net Current Assets |
|
638.806
|
868.637 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1609.568 |
1344.237 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
4871.874 |
3906.685 |
2842.508 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
4581.465 |
3436.536 |
2328.210 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
290.409 |
470.149 |
514.298 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.995 |
0.098 |
0.139 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
258.414 |
470.051 |
514.159 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
106.890 |
80.971 |
72.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
151.524 |
389.080 |
441.867 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
54.255 |
127.041 |
146.823 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
97.269 |
262.039 |
295.044 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1264.006 |
1001.967 |
706.923 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1361.275 |
1264.006 |
1001.967 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
300.437 |
180.222 |
152.004 |
|
|
|
Reimbursement of Expenses |
0.000 |
1.285 |
20.189 |
|
|
TOTAL EARNINGS |
300.437 |
181.507 |
172.193 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
738.521 |
288.820 |
|
|
|
Capital Goods |
NA |
238.501 |
40.099 |
|
|
|
Spare Parts |
NA |
11.833 |
10.265 |
|
|
TOTAL IMPORTS |
NA |
988.855 |
339.184 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.32 |
11.65 |
13.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
2.00 |
6.71 |
10.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.12 |
15.50 |
23.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.24 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.40 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.56 |
2.64 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2842.508 |
3906.685 |
4871.874 |
|
|
|
37.438 |
24.706 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2842.508 |
3906.685 |
4871.874 |
|
Profit |
295.044 |
262.039 |
97.269 |
|
|
10.38% |
6.71% |
2.00% |
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 |
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 |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10357048 |
20/07/2013 * |
600,000,000.00 |
FAG BEARINGS INDIA LIMITED |
NARIMAN BHAVAN 8TH FLOORBACKBAY RECLAMATION, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B82036765 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.12.2012 (Rs. In Millions) |
31.12.2011 (Rs. In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from others |
324.559 |
0.000 |
|
Total |
324.559 |
0.000 |
BACKGROUND
The Company is a leading manufacturer of clutches for tractors, trucks and cars in India with a manufacturing facility in Hosur, Tamil Nadu . The Company was incorporated in 1996 as Rane LuK Clutch Limited - a joint venture between Rane Brake Linings Limited (Rane) and LuK, a German multi-national corporation and part of the Schaeffler Group (the Group). Pursuant to LuKs acquisition of the 50% stake held by Rane, the Company became a wholly-owned subsidiary of the Group in 2001.
OVERVIEW OF FINANCIAL
RESULTS
During the year your Company has achieved a significant growth of 26.35% in net sales as compared to the previous year 2011.
FIXED ASSETS
Tangible assets
· Land
Office
Building
plant
and Equipment
Furniture
and Fixtures
Vehicles
Computer
Equipments
Other
Equipments
Intangible Assets
· Computer Software
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 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.61.10 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
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 |
|
46 |
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.