MIRA
INFORM REPORT
|
Report No. : |
312565 |
|
Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROBERT
BOSCH ENGINEERING AND BUSINESS SOLUTIONS PRIVATE LIMITED (w.e.f. 14.01.2015) |
|
|
|
|
Formerly Known
As : |
ROBERT BOSCH ENGINEERING AND BUSINESS SOLUTIONS LIMITED (w.e.f. 23.01.2008) ROBERT BOSCH INDIA LIMITED |
|
|
|
|
Registered
Office : |
No.123, Industrial Layout, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
17.12.1997 |
|
|
|
|
Com. Reg. No.: |
08-023164 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.42.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72400KA1997PTC023164 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR01042G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR7108R |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Engineering, IT and ITES Solutions. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums. |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “ROBERT BOSCH GMBH, GERMANY”. It is a
well-established and reputed company having fine track record. The rating reflects company’s healthy operational risk profile marked by
strong liquidity position and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-20124.
LOCATIONS
|
Registered Office : |
No.123, Industrial Layout, Hosur Road, Koramangala,
Bangalore – 560095, Karnataka, India |
|
Tel. No.: |
91-80-67991265 / 66574703 |
|
Mobile No.: |
91-9449067158 (Mr. Dwarampudi Veera Reddy) |
|
Fax No.: |
91-80-66170711 / 66571013 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
DIRECTORS
AS ON 13.06.2014
|
Name : |
Mr. Vijay Ramchandra Ratnaparkhr |
|
Designation : |
Managing Director |
|
Address : |
No. 403 Cyprus, SJR Redwoods, Off Sarjapur Road, Bangalore – 560102,
Karnataka, India |
|
Date of Birth/Age : |
22.02.1965 |
|
Qualification : |
Master of Technology, IIT, Mumbai |
|
Date of Appointment : |
12.04.2011 |
|
DIN No.: |
03211521 |
|
|
|
|
Name : |
Mr. Steffem Berns |
|
Designation : |
Director |
|
Address : |
EL Nivas, 380/390, 2nd Cross, 16th Main Road, 3rd
Block, Koramangala, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
13.02.1963 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No.: |
06449396 |
|
|
|
|
Name : |
Mr. Wlater Heinrish Wilhelm Grote |
|
Designation : |
Additional Director |
|
Address : |
Anne-Frank-Street13, Schwieberdingen, Baden Wuerttemberg 71701 |
|
Date of Birth/Age : |
08.11.1957 |
|
Date of Appointment : |
30.04.2013 |
|
Date of Cessation : |
13.06.2014 |
|
DIN No.: |
06563463 |
|
|
|
|
Name : |
Rolf Leonhard |
|
Designation : |
Director |
|
Address : |
Schwieberdingen Richard, Wagner STR 4, Wagner – 71701, Germany |
|
Date of Birth/Age : |
17.11.1950 |
|
Date of Appointment : |
13.06.2014 |
|
DIN No.: |
02756432 |
MAJOR SHAREHOLDERS
AS ON 13.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Robert Bosch GMBH, Germany |
|
4159774 |
|
Robert Bosch Car Multimedia GMBH, Germany |
|
1 |
|
Robert Bosch Investment Nederland B.V., Netherland |
|
1 |
|
UC Vermogensverwalt UNG GMBH, Germany |
|
1 |
|
Robert Bosch Interanationale Beteligungen AG, Switzerland |
|
1 |
|
Bosch Sensortech GMBH, Germany |
|
1 |
|
Prufzenrum Boxberg GMBH, Germany |
|
1 |
|
|
|
|
|
Total |
|
4159780 |
Equity Share Break up (Percentage of Total Equity)
AS ON 13.06.2014
|
Category |
Percentage |
|
|
|
|
Foreign holdings (Foreign institutional
investor(s), Foreign Companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Engineering, IT and ITES Solutions. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Supplier : |
Not Available |
|
|
|
|
Customers : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Deutsche Bank Bangalore Branch, 26-27 Raheja Towers, M. G. Road, Bangalore – 560001,
Karnataka, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, Millenia 1 and 2 Murphy Road, Ulsoor, Bangalore –
560008, Karnataka, India |
|
PAN No.: |
AADFP9359C |
|
|
|
|
Holding/
Ultimate Holding Company: |
· Robert Bosch GmbH, Germany |
|
|
|
|
Fellow
Subsidiary Companies: |
· Beissbarth GmbH, Germany · Centro Studi Componenti per Veicoli S.p.A., Italy · Bosch Automotive Diesel Systems Company Limited China · E.L.M. Leblanc S.A.S.U., France · Bosch Automotive Electronics India Private Limited, India · ETAS Automotive India Private Limited, India · Bosch Automotive Products (Changsha) Company Limited, China · ETAS Automotive Technology (Shanghai) Company Limited ,China · Bosch Automotive Products (Suzhou) Company Limited, China · ETAS GmbH, Germany · Bosch Automotive Service Solutions GmbH, Germany · ETAS Inc., United States · Bosch Automotive Service Solutions LLC, United States · FHP Manufacturing Company, United States · Bosch Brake Components LLC, United States · Holger Christiansen A/S, Denmark · Bosch Car Multimedia Portugal, S.A., Portugal · OOO Bosch Power Tools, Russian Federation · Bosch Chassis Systems India Limited, India · OOO Robert Bosch, Russian Federation · Bosch China (Investment) Limited, China · RB Engin&BusinessSol Vietnam, Vietnam · Bosch Communication Center Magdeburg GmbH, Germany · Robert Bosch (Australia) Pty. Limited, Australia · Bosch Corporation, Japan · Robert Bosch (France) S.A.S., France · Bosch Diesel s.r.o., Czech Republic · Robert Bosch (Malaysia) Sdn. Bhd., Malaysia · Bosch Electrical Drives Company Limited, Korea · Robert Bosch (Pty.) Limited, South Africa · Bosch Electrical Drives India Private Limited, India · Robert Bosch (South East Asia) Pte. Limited, Singapore · Bosch Emission Systems GmbH & Co. KG, Germany · Robert Bosch AB, Sweden · Bosch Engineering GmbH, Germany · Robert Bosch AG, Austria · Bosch Engineering Holding GmbH, Germany · Robert Bosch Battery Systems GmbH, Germany · Bosch Engineering K.K., Japan · Robert Bosch Battery Systems LLC, United States · Bosch Lawn and Garden Limited, United Kingdom · Robert Bosch Car Multimedia GmbH, Germany · Bosch Limited, India Robert Bosch Elektronik GmbH, Germany · Bosch Management Support GmbH, Germany · Robert Bosch Elektronika Gyártó Kft., Hungary · Bosch Packaging Services AG, Switzerland · Robert Bosch Energy and Body Systems Kft., Hungary · Bosch Packaging Technology K.K., Japan · Robert Bosch Espańa Fábrica Madrid S.A., Spain · Bosch Packaging Technology, Inc., United States · Robert Bosch Espańa, S.L.U., Spain · Bosch Power Tec GmbH, Germany · Robert Bosch Fahrzeugelektrik Eisenach GmbH, Germany · Bosch Rexroth (Changzhou) Company Limited, China · Robert Bosch Healthcare GmbH, Germany · Bosch Rexroth (India) Limited, India · Robert Bosch Healthcare Systems, Inc., United States · Bosch Rexroth AG, Germany · Robert Bosch INC., Canada · Bosch Rexroth B.V., Netherlands · Robert Bosch Kft., Hungary · Bosch Rexroth Canada Corporation, Canada · Robert Bosch Korea Limited, Korea · Bosch Rexroth Corporation, United States · Robert Bosch LLC, United States · Bosch Rexroth Corporation, Japan · Robert Bosch Limited, United Kingdom · Bosch Rexroth DSI S.A.S., France · Robert Bosch Limited, Thailand · Bosch Rexroth Limited, United Kingdom · Robert Bosch Ltda., Brazil · Robert Bosch México Sistemas Automotrices, S.A. de · Bosch Rexroth Ltda., Brazil · C.V., Mexico · Bosch Rexroth Oil Control S.p.A., Italy · Robert Bosch Packaging Technology Inc., United States · Bosch Rexroth Pneumatics GmbH, Germany · Robert Bosch Power Tools Sdn. Bhd., Malaysia · Bosch Rexroth S.A.S., France · Robert Bosch Produktie N.V., Belgium · Bosch Sanayi ve Ticaret A.S., Turkey · Robert Bosch S.p.A. Societŕ Unipersonale, Italy · Bosch Security Systems B.V., Netherlands · Robert Bosch S.R.L., Romania · Bosch Security Systems Inc., United States · Robert Bosch Sdn. Bhd., Malaysia · Bosch Sensortec GmbH, Germany · Robert Bosch Technical and Business Solutions GmbH, Germany · Bosch Sicherheitssysteme GmbH, Germany · Robert Bosch Tecnologia de Embalagem Ltda., Brazil · Bosch Software Innovations GmbH, Germany · Robert Bosch Tool Corporation, United States · Bosch Solar Energy AG, Germany · Robert Bosch UK Holdings Limited, United Kingdom · Bosch Solarthermie GmbH, Germany · Robert Bosch Venture Capital GmbH, Germany · Bosch Termotechnologia, S.A., Portugal · Robert Bosch Vietnam Company Limited, Vietnam · Bosch Termoteknik Sanayi ve Ticaret A.S., Turkey · Robert Bosch, S. de R.L. de C.V., Mexico · Bosch Thermotechniek B.V., Netherlands · Robert Bosch, spol. s.r.o., Czech Republic · Bosch Thermotechniek B.V., Netherlands · Scintilla AG, Switzerland · Bosch Thermotechnik GmbH, Germany · Tecnologie Diesel e Sistemi Frenanti S.p.A., Italy · Bosch Thermotechnika s.r.o., Czech Republic · United Automotive Electronic Systems Company Limited, China · Bosch Thermotechnologie S.A.S., France · Vetronix Corporation, United States · Bosch Thermotechnology Limited, United Kingdom · ZF Lenksysteme GmbH, Germany · Bosch Trading (Shanghai) Company Limited, China · ZF Lenksysteme GmbH, Germany · Bosch Transmission Technology B.V., Netherlands · ZF Steering Systems LLC, United States · BSH Bosch und Siemens Hausgerä, Germany |
CAPITAL STRUCTURE
AS ON 13.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,159,780 |
Equity Shares |
Rs.10/- each |
Rs.41.598 Million |
|
|
|
|
|
AS ON 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4200000 |
Equity Shares |
Rs.10/- each |
Rs.42.000 Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
42.000 |
44.000 |
44.000 |
|
(b) Reserves & Surplus |
9124.000 |
6634.000 |
2157.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9166.000 |
6678.000 |
2201.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
121.000 |
82.000 |
0.000 |
|
(d) long-term provisions |
705.000 |
626.000 |
407.000 |
|
Total Non-current Liabilities (3) |
826.000 |
708.000 |
407.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1755.000 |
1364.000 |
1435.000 |
|
(c) Other current
liabilities |
2257.000 |
2476.000 |
3222.000 |
|
(d) Short-term provisions |
655.000 |
296.000 |
3038.000 |
|
Total Current Liabilities (4) |
4667.000 |
4136.000 |
7695.000 |
|
|
|
|
|
|
TOTAL |
14659.000 |
11522.000 |
10303.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1723.000 |
1979.000 |
1741.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
462.000 |
185.000 |
246.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
589.000 |
547.000 |
382.000 |
|
(d) Long-term Loan and Advances |
1795.000 |
1393.000 |
919.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4569.000 |
4104.000 |
3288.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
706.000 |
0.000 |
764.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
3740.000 |
3878.000 |
2763.000 |
|
(d) Cash and cash
equivalents |
5192.000 |
3002.000 |
3106.000 |
|
(e) Short-term loans and
advances |
206.000 |
295.000 |
252.000 |
|
(f) Other current assets |
246.000 |
243.000 |
130.000 |
|
Total Current Assets |
10090.000 |
7418.000 |
7015.000 |
|
|
|
|
|
|
TOTAL |
14659.000 |
11522.000 |
10303.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
26735.000 |
21880.000 |
15644.000 |
|
|
|
Other Income |
1067.000 |
427.000 |
608.000 |
|
|
|
TOTAL (A) |
27802.000 |
22307.000 |
16252.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
21.000 |
20.000 |
11.000 |
|
|
|
Employee benefit expense |
14916.000 |
11973.000 |
7941.000 |
|
|
|
Other expenses |
6577.000 |
5483.000 |
4505.000 |
|
|
|
TOTAL (B) |
21514.000 |
17476.000 |
12457.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6288.000 |
4831.000 |
3795.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.000 |
43.000 |
3.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6253.000 |
4788.000 |
3792.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1143.000 |
1257.000 |
903.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
5110.000 |
3531.000 |
2889.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1504.000 |
338.000 |
843.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
3606.000 |
3193.000 |
2046.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
6335.000 |
3142.000 |
1096.000 |
|
|
|
|
|
|
|
|
|
|
Buy Back of
equity share |
9941.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Appropriation |
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
359.000 |
|
|
|
Dividend |
0.000 |
0.000 |
2161.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
351.000 |
|
|
|
Balance Carried to the B/S |
8272.000 |
6335.000 |
3142.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
856.52 |
728.39 |
466.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin |
(%) |
13.49 |
14.59 |
13.08 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
23.52 |
22.08 |
24.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
37.55 |
32.72 |
29.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.53 |
1.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16 |
1.79 |
0.91 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
44.000 |
44.000 |
42.000 |
|
Reserves & Surplus |
2157.000 |
6634.000 |
9124.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2201.000 |
6678.000 |
9166.000 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
15644.000 |
21880.000 |
26735.000 |
|
|
|
39.862 |
22.189 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
15644.000 |
21880.000 |
26735.000 |
|
Profit |
2046.000 |
3193.000 |
3606.000 |
|
|
13.08% |
14.59% |
13.49% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL RESULT
The Company’s turnover has been increased to Rs.26735 Million from Rs.21880 Million in the previous year, a growth rate of 22%. The Profit after Tax (PAT) as a percentage of the Turnover for the year is 13.5% as compared to 14.6% during the previous year.
CONTINGENT
LIABILITIES: (Rs. In Million)
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
Bank Guarantees |
122.000 |
106.000 |
96.000 |
|
The Company had received a demand for Special Entry tax in 2005 from the department of Commercial Taxes on Electrical Items and Air conditioners amounting to Rs.7 Million. The same is being contested and a stay on the said demand has been obtained from the High Court. Short term loans and advances includes Rs.2 Millions paid towards Special Entry Tax for the month of October 2004 on purchase of computers, computer software and electronic items as the tax has been withdrawn vide circular no. FD 154 CET 2004 dated 6 January 2005 w.e.f. 1 October 2004. The Company has informed the Department that in event the case is decided against it, then the amount already paid, as mentioned above, can be adjusted against the final liability. |
5.000 |
5.000 |
5.000 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
· Land
· Building
· Plant and Equipment
· Vehicles
· Motor Vehicles
·
Furniture and Fixtures
· Office Equipment
· Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.75 |
|
|
1 |
Rs.94.60 |
|
Euro |
1 |
Rs.67.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
68 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.