MIRA INFORM REPORT
|
Report No. : |
301696 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
RSB TRANSMISSIONS (INDIA) LIMITED
(w.e.f. 04.08.1999) |
|
|
|
|
Formerly Known
As : |
NEETACHAL AUTO LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 908,
Sanaswadi, Taluka Shirur, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.01.1989 |
|
|
|
|
Com. Reg. No.: |
11-014807 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.208.672
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34102PN1989PLC014807 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RCHR00276D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR3925R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufactures Original Equipment Automotive Aggregates and
Systems |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The rating take into consideration the experience promoters, long
track record of the company and established market position. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB- (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
December 06, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A3 (Short Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
December 06, 2013 |
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.
LOCATIONS
|
Registered Office / Factory 1 : |
Gat No. 908,
Sanaswadi, Taluka Shirur, Pune Nagar Road, Pune – 412208, Maharashtra, India |
|
Tel. No.: |
91-2137-669300 |
|
Fax No.: |
91-2137-669200 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Corporate Office: |
Pune Trade Center, Ubale Nagar, Nagar Road, Wagholi, Pune – 412207, Maharashtra, India |
|
Tel. No.: |
91-20-30642100 |
|
Fax No.: |
91-20-30642101 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
NS 25, Phase VI,
Industrial Area, Gamharia District, Saraikella Kharswan, Jamshedpur – 832108,
Jharkhand, India |
|
Tel. No.: |
91-657-2200441 /
22200663 |
|
Fax No.: |
91-657-2200751 |
|
|
|
|
Branch Office : |
Located At ·
Dharwad ·
Orissa ·
Uttarkhand ·
Chennai ·
Lucknow |
|
|
|
|
Overseas Office : |
Located At ·
·
Guanajauto · United States |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rabindra Kumar Behera |
|
Designation : |
Managing Director |
|
Address : |
Bungalow No. 132, Clover Hills, NIBM Road, Kondhwa, Pune – 411048,
Maharashtra, India |
|
Date of Birth/Age : |
04.03.1951 |
|
Qualification : |
Batchelor of Engineering (Mechanical) |
|
Date of Appointment : |
06.12.2013 |
|
PAN No.: |
ABEPB8762D |
|
DIN No.: |
00011614 |
|
|
|
|
Name : |
Mr. Suvendra Kumar Behera |
|
Designation : |
Managing Director |
|
Address : |
22, Road No. – 12, C. H. Area (n.w.), Sonari, Jamshedpur, India |
|
Date of Birth/Age : |
19.10.1957 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
25.06.2013 |
|
PAN No.: |
ABEPB8763C |
|
DIN No.: |
00422271 |
|
|
|
|
Name : |
Mr. Sailendra Kumar Behera |
|
Designation : |
Managing Director |
|
Address : |
Bunglow No. 48, Clover Hills, Nimb Road, Kondwa, Pune – 411048,
Maharashtra, India |
|
Date of Birth/Age : |
07.10.1963 |
|
Qualification : |
Batchelor of Engineering (Mechanical) |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
ACVPB5320P |
|
DIN No.: |
00096056 |
|
|
|
|
Name : |
Mr. Dwijadas Sanyal |
|
Designation : |
Director |
|
Address : |
Flat No. 4, Marigold Building, 26 Anand Park, Lane No. 5, Aundh, Pune
– 411007, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1939 |
|
Date of Appointment : |
16.09.2014 |
|
DIN No.: |
00015664 |
|
|
|
|
Name : |
Mr. Sunil Vasantrao
Diwakar |
|
Designation : |
Director |
|
Address : |
C- 002, Shreeji Ville, opp. Nitin co., Almeda Road, Panchpakhadi,
Thane – 400602, Maharashtra, India |
|
Date of Birth/Age : |
22.05.1963 |
|
Qualification : |
B. Tech (Hons) (Mechanical Engineering) and CWA |
|
Date of Appointment : |
26.09.2007 |
|
DIN No.: |
00089266 |
|
|
|
|
Name : |
Ms. Bina Dinesh Trivedi |
|
Designation : |
Alternate director |
|
Address : |
11, Shilpak Artek Apartments, 4TH Road, Bandra (E), MUMBAI, 400051,
Maharashtra, India |
|
Date of Birth/Age : |
13.09.1966 |
|
Qualification : |
B.Com and Chartered Accountant |
|
Date of Appointment : |
09.09.2007 |
|
DIN No.: |
01476999 |
|
|
|
|
Name : |
Mr. Rasamoy Dayamoy Chakraborty |
|
Designation : |
Director |
|
Address : |
New Ajantha Avenue, Building NO. II, Wing B, Flat NO. 05, Paud Road,
Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1944 |
|
Qualification : |
B. Tech (Hons) (Mechanical Engineering) and CWA |
|
Date of Appointment : |
16.09.2014 |
|
DIN No.: |
00011581 |
|
|
|
|
Name : |
Mr. Prasanna Rangacharya Mysore |
|
Designation : |
Director |
|
Address : |
B- 202, Zen Garden, No 6 Artillery, Road, Ulsoor, Bangalore -560008,
Karnataka, India |
|
Date of Birth/Age : |
07.04.1947 |
|
Date of Appointment : |
16.09.2014 |
|
DIN No.: |
00010264 |
|
|
|
|
Name : |
Mr. Rajnikant Ravindrakumar Behera |
|
Designation : |
Director |
|
Address : |
Bungalow No. 132, Clover Hills, NIBM Road, Kondhwa, Pune – 411048,
Maharashtra, India |
|
Date of Birth/Age : |
25.11.1977 |
|
Date of Appointment : |
01.05.2014 |
|
PAN No.: |
AFKPB5021P |
|
DIN No.: |
00317205 |
|
|
|
|
Name : |
Mr. Nishant Behera |
|
Designation : |
Director |
|
Address : |
Bungalow No. 132, Clover Hills, NIBM Road, Kondhwa, Pune – 411048,
Maharashtra, India |
|
Date of Birth/Age : |
25.11.1977 |
|
Date of Appointment : |
01.05.2014 |
|
DIN No.: |
00317489 |
|
|
|
|
Name : |
Mr. Sarthak Nrusingha Behuria |
|
Designation : |
Director |
|
Address : |
B- 44, The Lcon, DLF City, Phase V, Gurgaon – 122009, Haryana, India |
|
Date of Birth/Age : |
02.03.1952 |
|
Date of Appointment : |
16.09.2014 |
|
DIN No.: |
03290288 |
|
|
|
|
Name : |
Mr. Ajit Mukundrao Nimbalkar |
|
Designation : |
Director |
|
Address : |
'Jay Villa', 275, Pallod Farm 2, Street 1, Behind BP Petrol Pump,
Baner Road, Pune – 411045, Maharashtra, India |
|
Date of Birth/Age : |
14.02.1944 |
|
Date of Appointment : |
16.09.2014 |
|
DIN No.: |
02749940 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Rabindra Kumar
Behera |
|
1506464 |
|
Suvendra Kumar
Behera |
|
1410517 |
|
Sailendra Kumar
Behera |
|
602821 |
|
Papia Behera |
|
34821 |
|
Urmila Behera |
|
902761 |
|
Nalini Behera |
|
45294 |
|
Padmabati Behera |
|
31264 |
|
Gyabebdra Kumar Behera |
|
35693 |
|
Nrendra Kumar Behera |
|
20153 |
|
Bhramarbar Behera |
|
20153 |
|
Soumendra Behera |
|
15602 |
|
RSB Metaltech Private limited, |
|
896281 |
|
Sangita Behera |
|
854854 |
|
NIshant Behera |
|
81195 |
|
Rajnikant Behera |
|
60319 |
|
Niramla Udgata |
|
27206 |
|
Ratikant Behera |
|
12736 |
|
Rituraj Behera |
|
12736 |
|
Sarthak Behera |
|
8668 |
|
RSB Industries Limited, |
|
8666454 |
|
RSB Global Private limited, |
|
189531 |
|
Subhashree Behera |
|
180385 |
|
Jharna Behera |
|
36961 |
|
Satya Swarup |
|
26000 |
|
Nishit Behera |
|
17926 |
|
Jayanti Behera |
|
56409 |
|
Tara India Fund III Trusts, |
|
263 |
|
EIF Coinvest VII, |
|
1993 |
|
Tara India Holdings A Limited, |
|
1383 |
|
Tara India Fund III Domestic
Trusts, |
|
347 |
|
|
|
|
|
Total |
|
15757190 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Tara India Fund III Trusts, |
|
376029 |
|
EIF Coinvest VII, |
|
2261628 |
|
Tara India Holdings A Limited, |
|
1976585 |
|
Tara India Fund III Domestic
Trusts, |
|
495760 |
|
|
|
|
|
Total |
|
5110002 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Venture Capital |
0.02 |
|
Bodies corporate |
61.89 |
|
Directors or relatives of Directors |
38.09 |
|
|
|
|
Total |
100.00 |
%20LIMITED%20-%20301696_MIRA%2007-Jan-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufactures Original Equipment
Automotive Aggregates and Systems |
|
|
|
|
Products : |
v Metal Components |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|||||||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Sharp and Tannan Associates Chartered Accountants |
|
Address : |
802 Lloyds Chambers, |
|
PAN No.: |
AAAFS1034J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
|
|
|
|
|
Subsidiary company
: |
CIN No. : U29999PN1998PLC012660
CIN No. : U27100OR2011PLC013085
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000000 |
Equity Shares |
Rs.10/- each |
Rs.240.000 Millions |
|
6000000 |
Preference Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.300.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15757190 |
Equity Shares |
Rs.10/- each |
Rs.157.572
Millions |
|
5110002 |
Preference Shares |
Rs.10/- each |
Rs.51.100
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.208.672 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
208.672 |
208.672 |
208.671 |
|
(b) Reserves & Surplus |
2627.052 |
2504.726 |
2373.717 |
|
(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) |
2835.724 |
2713.398 |
2582.388 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1676.546 |
1531.465 |
1237.722 |
|
(b) Deferred tax liabilities (Net) |
367.122 |
337.248 |
312.895 |
|
(c) Other long term
liabilities |
120.900 |
108.243 |
80.03 |
|
(d) long-term
provisions |
31.303 |
35.855 |
22.645 |
|
Total Non-current
Liabilities (3) |
2195.871 |
2012.811 |
1653.292 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
891.815 |
579.373 |
717.854 |
|
(b) Trade
payables |
666.130 |
753.757 |
1084.635 |
|
(c) Other
current liabilities |
1126.054 |
905.483 |
809.993 |
|
(d) Short-term
provisions |
5.408 |
5.428 |
45.187 |
|
Total Current
Liabilities (4) |
2689.407 |
2244.041 |
2657.669 |
|
|
|
|
|
|
TOTAL |
7721.002 |
6970.250 |
6893.349 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4032.158 |
4020.024 |
3993.31 |
|
(ii)
Intangible Assets |
145.991 |
46.655 |
52.778 |
|
(iii)
Capital work-in-progress |
84.031 |
76.593 |
188.926 |
|
(iv)
Intangible assets under development |
21.943 |
10.845 |
1.3 |
|
(b) Non-current Investments |
1121.779 |
448.469 |
414.591 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
219.931 |
71.523 |
83.266 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5625.833 |
4674.109 |
4734.171 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1068.292 |
978.852 |
1084.054 |
|
(c) Trade
receivables |
514.169 |
664.924 |
616.256 |
|
(d) Cash
and cash equivalents |
130.897 |
282.876 |
121.004 |
|
(e)
Short-term loans and advances |
358.950 |
341.97 |
321.846 |
|
(f) Other
current assets |
22.861 |
27.519 |
16.018 |
|
Total
Current Assets |
2095.169 |
2296.141 |
2159.178 |
|
|
|
|
|
|
TOTAL |
7721.002 |
6970.250 |
6893.349 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
7350.739 |
8215.331 |
10270.718 |
|
|
|
Other Income |
58.134 |
21.968 |
51.365 |
|
|
|
TOTAL |
7408.873 |
8237.299 |
10322.083 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4367.550 |
4882.589 |
6334.193 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(69.148) |
39.706 |
(56.744) |
|
|
|
Employee benefit expense |
691.175 |
726.471 |
715.380 |
|
|
|
Other expenses |
1506.958 |
1652.343 |
1876.134 |
|
|
|
TOTAL |
6496.535 |
7301.109 |
8868.963 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
912.338 |
936.190 |
1453.120 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
360.785 |
366.411 |
398.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
551.553 |
569.779 |
1054.578 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
361.996 |
372.362 |
378.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
189.557 |
197.417 |
676.378 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
67.174 |
66.348 |
230.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
122.383 |
131.069 |
446.084 |
|
|
|
|
|
|
|
|
|
|
Earning in
Foreign Currency |
423.748 |
267.900 |
296.046 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share
Basic |
7.76 |
8.31 |
28.31 |
|
|
|
Diluted
|
5.05 |
5.41 |
21.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Sales) |
(%) |
1.66 |
1.60 |
4.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
12.41 |
11.40 |
14.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.92 |
3.07 |
10.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.07 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
0.78 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78 |
1.02 |
0.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
208.671 |
208.672 |
208.672 |
|
Reserves & Surplus |
2373.717 |
2504.726 |
2627.052 |
|
Net
worth |
2582.388 |
2713.398 |
2835.724 |
|
|
|
|
|
|
long-term borrowings |
1237.722 |
1531.465 |
1676.546 |
|
Short term borrowings |
717.854 |
579.373 |
891.815 |
|
Total
borrowings |
1955.576 |
2110.838 |
2568.361 |
|
Debt/Equity
ratio |
0.757 |
0.778 |
0.906 |
%20LIMITED%20-%20301696_MIRA%2007-Jan-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
10270.718 |
8215.331 |
7350.739 |
|
|
|
(20.012) |
(10.524) |
%20LIMITED%20-%20301696_MIRA%2007-Jan-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
10270.718 |
8215.331 |
7350.739 |
|
Profit |
446.084 |
131.069 |
122.383 |
|
|
4.34% |
1.60% |
1.66% |
%20LIMITED%20-%20301696_MIRA%2007-Jan-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
674.251 |
656.277 |
528.589 |
|
|
|
|
|
|
Total |
674.251 |
656.277 |
528.589 |
|
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 |
No |
|
10] |
Designation
of contact person |
No |
|
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 |
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 |
Yes |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs. In
Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred Sales Tax Loan |
32.738 |
46.208 |
|
Other Loans and advance |
88.000 |
|
|
|
|
|
|
Total |
120.738 |
46.208 |
COMPANY
PERFORMANCE:
The Auto Vertical
in FY 14 recorded a sales revenue of INR Rs. 5686.000 Millions. with a EBITDA
of 12.6% and PBT of 4.84% as against the FY 13 revenue of INR Rs 5971.000
Millions. an EBITDA of 11.70% and a PBT of 3.89%.
The CMI Vertical
in FY 14 recorded a sales revenue of INR 1722.000 Millions. with a EBITDA 8.34%
and PBT of -4.98% as against the FY 13 revenue of INR Rs 2338.000 Millions. an
EBITDA of 9.55% and a PBT of 0.04%.
RSB TRANSMISSIONS
(I) STRATEGY AND OUTLOOK:
In the context of
a volatile global economy, the Auto sector demand continues to be less as end
customers adopt a conservative approach to discretionary spending. The
Company’s overall strategy remains focused on leveraging its manufacturing base
to address both the domestic market and international markets. India is an
attractive central hub for OEM global exports and a world class manufacturing
base. Continuous investments within India from major OEMs will significantly
enhance mid to long term prospects of the domestic auto industry.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10444200 |
27/06/2013 |
90,000,000.00 |
AXIS BANK
LIMITED |
JAMSHEDPUR
BRANCH, VOLTAS HOUSE, MAIN ROAD, BISTUPUR, JAMSHEDPUR, JHARKHAND - 831001,
INDIA |
B82663857 |
|
2 |
10431667 |
30/12/2013 * |
110,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B93952273 |
|
3 |
10432376 |
14/05/2013 |
19,000,000.00 |
SIEMENS
FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG
BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B77635449 |
|
4 |
10419635 |
21/03/2013 |
127,500,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI, |
B73164022 |
|
5 |
10401414 |
09/01/2013 |
105,000,000.00 |
ING VYSYA BANK
LIMITED |
928, MANTRI
CENTRE,, F.C. ROAD, PUNE, MAHARASHTRA - 411004, INDIA |
B67415471 |
|
6 |
10392558 |
27/06/2013 * |
150,000,000.00 |
L & T
FINANCE LIMITED |
L&T HOUSE,,
BALLARD ESTATE,, MUMBAI, MAHARASHTRA |
B80266067 |
|
7 |
10389808 |
02/11/2012 |
1,466,972.00 |
L & T
FINANCE LIMITED |
L&T HOUSE,
BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B63268007 |
|
8 |
10362874 |
16/06/2012 |
19,558,589.00 |
L & T
FINANCE LIMITED |
L&T HOUSE,
BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B42563593 |
|
9 |
10366614 |
30/05/2012 |
150,000,000.00 |
IDBI BANK
LIMITED |
SHANTINIKETAN
BUILDING, SAKCHI BOULEVARD ROAD, BI |
B44209773 |
|
10 |
10349486 |
30/03/2012 |
3,412,734.00 |
L & T FINANCE
LIMITED |
L&T HOUSE,
N. M. MARG, BALLARD ESTATE, MUMBAI, |
B37513744 |
* Date of charge modification
RSB
Transmissions auto unit wins Deming Prize
RSB is the
only Indian company to win this award in 2013
BS
Reporter | Pune
28.11.2013
Last Updated at 20:49 IST
The Auto Division of the Pune-based RSB Transmissions has bagged the Deming
Prize given by the
Union of Japanese Scientists and Engineers (JUCE).
R K Behera, chairman, RSB Group, received the
award in Tokyo on November 13.
It is an annual award given to organizations
that successfully implement TQM (Total Quality Management) practices.
RSB is the only Indian company to win this award
in 2013.
The Rs. 1,200 Millions RSB Group has businesses
in automotive components and systems and construction equipment.
It has 13 manufacturing plants across seven
locations in India, and one each in USA, Belgium and Mexico.
RSB Transmissions enters partnership
with DHB Automotivos Brazil
By Priyanka Sangani, ET Bureau |11.02.2014, 08.49AM
IST
By Priyanka Sangani
RSB Transmissions has entered into a partnership
with DHB Automotivos, Brazil to launch auto components in India. The new range
of products was unveiled at the ongoing Autoexpo 2014 Components Show at
Pragati Maidan, New Delhi.
SK Behera, Vice Chairman and MD, said: " We
have launched fully assembled manual/power steering gears and also auto
components like steering rack and pinion, tie rod, hydraulic pump and aluminium
pump in ultra-modern tech facilities in partnering with DHB Automotivos,
Brazil, a 150 million US $ global enterprise, who are the largest manufacturer
of passenger car steering system in Latin America".
These new products will enable RSB's entry into
the Latin American market. It will also cater to existing OEMS like GM,
Renault, Volkswagen, Ford, Fiat and PSA Peugeot Citroen among others, besides
after-sales market. The new venture gives an opportunity for RSB to diversify
its product and market segment predominantly volume constrained commercial
vehicle dependence to the growing passenger car segment.
The company has also launched a technologically
advanced 5 thwheel coupling for the domestic market under the RSB-Fontaine
brand. "This joint venture with Fontaine UK will boost growth of Fifth
Wheel Coupling for RSB pan India and overseas with use of latest
state-of-art-technology from Fontaine". Fontaine Fifth Wheel is the
European division of Fontaine International Incorporation, the largest Fifth
Wheel Coupling manufacturer in the world.
RSB Transmissions’ CE unit bags awards from Caterpillar India
By Autocar Pro News Desk
25.06.2014 Autocar Pro News Desk
RSB Transmissions India’s Construction
Equipment and Mining division’s Dharwad unit has received Caterpillar India’s
outstanding performance award for 2013-14. The award was given away by
Annamalai Thiruvengadam of Caterpillar India’s sourcing team to M
Sankaranarayanan, president, and M Jawed, VP (business development - CMI), RSB
Transmissions at an event to honour the star vendors who have excelled in
performance in quality, delivery and new product improvements. RSB’s CMI
unit is a favoured vendor for supply of construction equipment aggregates such
as frames, boom, arms for excavator, front end loader and backhoe loader for
Caterpillar India. Commenting on the award, SK Behera, vice-chairman and MD,
RSB Group, “Customers' care and delight are our prime focus and the
parameters of performance in quality, delivery and continual innovation is
engraved in our system with strict compliance.” The Group, which has a turnover
in excess of Rs 1,400 Millions, manufactures a wide range of products including
propeller shafts, steering system components, transmission components assembly,
and construction equipment aggregates, operating in several countries. At
present, it has 14 manufacturing plants spread across 7 locations in India,
namely Jamshedpur (Jharkhand), Pune (Maharashtra), Dharwad (Karnataka), Chennai
(Tamil Nadu), Pantnagar (Uttarakhand), Cuttack (Orissa) and Lucknow (Uttar
Pradesh) and one each in Homer (USA), Tessenderlo (Belgium,) Silao (Mexico) and
a partnered venture at Brazil.
RSB
Transmission signs agreement with JBK of Japan
Press Trust of India | Jamshedpur 05.11.2014 Last Updated at 21:52 IST
RSB Transmissions, a global engineering
institution, has signed a technical assistance agreement with Japan-based
Jidosha Buhin Kogya (JBK) to manufacture and sell latest state-of-art propeller
shaft for SCV/SUV/LCV segment in domestic and export markets.
S K Behera, Vice Chairman and MD, inked the
Technical Assistance signed the agreement with JBK, Japan recently, a RSB release said today.
Following the signing the agreement, Behra, said
that "this Technical Assistance venture will further boost market growth
of Propeller Shaft for RSB in SCV/SUV/LCV segment pan India and overseas with use of latest state-of-art-technology from
JBK.
"RSB brand of propeller shafts already have
a major domestic market share and this collaboration will give a technological
edge to make inroads into markets, hitherto untapped, " he said.
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 records 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.63.38 |
|
|
1 |
Rs.96.84 |
|
Euro |
1 |
Rs.75.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANU |
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 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.