|
|
|
MIRA INFORM REPORT
|
Report No. : |
505165 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SKODA AUTO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-1/1, Shendra, Fivestar Industrial Area, MIDC, Aurangabad – 431201,
Maharashtra |
|
Tel. No.: |
91-240-6631111/ 222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.12.1999 |
|
|
|
|
Com. Reg. No.: |
11-123254 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 2354.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34100MH1999PTC123254 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS3749M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Passenger cars and Trading of Spare Parts and Motor Cars. (Registered Activity) |
|
|
|
|
No. of Employees
: |
786 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Skoda auto India was incorporated in the year 1999. It is a
manufacturer of motor vehicles. The Volkswagen Group in India is represented by five brands: SKODA,
Volkswagen, Audi, Porsche and Lamborghini. For the financial year 2017, the company has reported a dip in its
revenue 14.80% as compared to the previous year along with an average profit
margin of 1.52%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt coverage indicators due to
negligible debt balance sheet profile along with good cash balance. Rating also takes into account the strong financial and managerial
support that company receives from being a part of the Volkswagen Group
backed by its well experienced management team. The ratings strengths
are partially offset
by high competitive
intensity in domestic
PV market; large
dealership and service network of
entrenched players which
also lends them
competitive advantage and VW-India’s
modest product portfolio especially in compact/small car segment which
constitute major share of overall Indian PV market. Payment seems to be regular. In view of aforesaid, the company can be considered normal for
business dealings at usual trade terms and condition. |
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 |
ICRA |
|
Rating |
Long-term bank facilities = AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
13.04.2018 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short-term bank facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
13.04.2018 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 23.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-240-6631111/ 6631222]
LOCATIONS
|
Registered Office : |
Plot No. A-1/1, Shendra, Fivestar Industrial Area, MIDC, Aurangabad –
431201, Maharashtra, India |
|
Tel. No.: |
91-240-6631111/ 222 |
|
Fax No.: |
91-240-6631299/ 6631199 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Christian Udo Cahn Von Seelen |
|
Designation : |
Director |
|
Address : |
Staromestske Namesti 88 Mlada Boleslav 29301 DE |
|
Date of Birth/Age : |
15.05.1965 |
|
Qualification : |
Physicist (Graduate Studies) |
|
Date of Appointment : |
02.09.2013 |
|
DIN No.: |
06665592 |
|
|
|
|
Name : |
Mr. Rajagopalan Paliyath |
|
Designation : |
Wholetime Director |
|
Address : |
203, Ganga Preet Aptts, ITI Road, Aundh, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1960 |
|
Qualification : |
Post Graduate/Master/Equivalent |
|
Date of Appointment : |
12.01.2015 |
|
PAN No.: |
AAVPR1549J |
|
DIN No.: |
07067968 |
|
|
|
|
Name : |
Mr. Ashutosh Dixit |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No.3104, Octavius CHS, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
25.08.1973 |
|
Qualification : |
Post Graduate/Master/Equivalent |
|
Date of Appointment : |
01.02.2015 |
|
PAN No.: |
ACMPD6038P |
|
DIN No.: |
07082046 |
|
|
|
|
Name : |
Mr. Gurpratap Singh Boparai |
|
Designation : |
Managing Director |
|
Address : |
S 12, Konark Campus, Lohgaon, Viman Nagar, Pune-411014, Maharashtra, India |
|
Date of Appointment : |
02.04.2018 |
|
DIN No.: |
06468056 |
|
|
|
|
Name : |
Mr. Lubos Josef Hradecky |
|
Designation : |
Additional Director |
|
Address : |
Row House No.1, Plot No. R3, Shendra Housing, Shendra Five Star, Industrial Area, MIDC, Aurangabad - 431201, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1963 |
|
Qualification : |
University Degree |
|
Date of Appointment : |
07.04.2016 |
|
|
ACXPH3937N |
|
DIN No.: |
07485579 |
|
|
|
|
Name : |
Mr. Ondrej Cerny |
|
Designation : |
Director |
|
Address : |
Chudoplesy 62 Bakov Nad Jizerou 29401 CZ |
|
Date of Birth/Age : |
16.03.1969 |
|
Date of Appointment : |
28.08.2017 |
|
DIN No.: |
07921008 |
|
|
|
|
Name : |
Jana Fernandez Zambrano |
|
Designation : |
Wholetime Director |
|
Address : |
Mileny Hazove 1293 Mlada Boleslav III Mlada Boleslav 29301 CZ |
|
Date of Appointment : |
01.03.2018 |
|
DIN No.: |
08060017 |
KEY EXECUTIVES
|
Name : |
Ms. Swapna Jain |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.1, Surbhi Apartment, Jadhav Mandi, Kuwarfalli,
Aurangabad – 431001, Maharashtra, India |
|
Date of Appointment : |
08.06.2012 |
|
PAN No.: |
AHMPJ3761E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Skoda Auto A.S. |
235400802 |
100.00 |
|
Skoda Auto Deutschland GmbH |
1 |
0.00 |
|
|
|
|
|
Total |
235400803 |
100.00 |
AS ON: 13.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Passenger cars and Trading of Spare Parts and Motor Cars. (Registered Activity) |
||||
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|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
“SKODA” |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
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|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2017)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Motor Cars |
--- |
9766 |
|
Parts Manufactured |
--- |
23725 |
|
Installed capacity of motor cars, parts and components |
41180 |
--- |
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
|
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|
No. of Employees : |
786 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse LLP Chartered Accountants |
|
Address : |
11a, Sucheta Bhavan, Vishnu Digambar Marg, New Delhi-110002, India |
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Skoda Auto a.s., Czech Republic |
|
|
|
|
Ultimate Holding Company : |
Porsche Automobil Holding SE |
|
|
|
|
Intermediate Holding Company : |
Volkswagen AG,Germany (VWAG), Germany |
|
|
|
|
Fellow Subsidiaries : |
· Volkswagen Finance Private Limited, India [U65999MH2009FTC189640] · Audi AG, Germany (Audi AG) · Audi Australia Pvt Ltd. (Audi Australia) · Audi Hungaria Motor Kft. Gyôr (Audi Hungaria) · Audi Tooling Barcelona S.L. (Audi Tooling) · Audi Volkswagen Middle East, Dubai (Audi VW Dubai) · Audi Volkswagen Korea Ltd. (Audi VW Korea) · Audi Volkswagen Taiwan Co. Ltd · Shanghai Volkswagen Automotive Co.Ltd. (VWSH) · Volkswagen IT Services India Private Limited, India [U72900PN2015FTC155348] · Volkswagen Group Malaysia Sdn. Bhd (VW Malaysia) · Volkswagen Group Sales India Private Limited, India [U50401MH2007FTC168439] · Volkswagen Group Saudi Arabia Llc · Volkswagen India Private Limited, India [U70102PN2007FTC133117] · Volkswagen Procurement Services GmbH (VW Procurement) · Volkswagen de Mexico S.A. de C.V., Mexico (VW Mexico) · Volkswagen of South Africa Pty Ltd (VWSA) |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
INR 10/- each |
INR 5000.000 Million |
|
60000000 |
Preference Shares |
INR 10/- each |
INR 600.000 Million |
|
|
Total |
|
INR 5600.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235400803 |
Equity Shares |
INR 10/- each |
INR 2354.008
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2354.000 |
2354.000 |
2354.008 |
|
(b) Reserves & Surplus |
4270.200 |
3619.800 |
3078.119 |
|
(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) |
6624.200 |
5973.800 |
5432.127 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2710.100 |
2710.100 |
2710.120 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
1.000 |
|
(d)
long-term provisions |
1962.100 |
1487.300 |
1457.403 |
|
Total
Non-current Liabilities (3) |
4672.200 |
4197.400 |
4168.523 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
37.700 |
0.000 |
0.000 |
|
(b)
Trade payables |
6875.300 |
6364.900 |
10625.076 |
|
(c)
Other current liabilities |
3480.300 |
8962.300 |
4066.069 |
|
(d)
Short-term provisions |
279.800 |
208.000 |
322.230 |
|
Total
Current Liabilities (4) |
10673.100 |
15535.200 |
15013.375 |
|
|
|
|
|
|
TOTAL |
21969.500 |
25706.400 |
24614.025 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2547.400 |
2508.700 |
2520.234 |
|
(ii)
Intangible Assets |
25.400 |
16.100 |
9.866 |
|
(iii)
Capital work-in-progress |
31.100 |
145.300 |
19.626 |
|
(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 |
0.000 |
0.000 |
3433.462 |
|
(e)
Other Non-current assets |
4249.700 |
3886.900 |
0.000 |
|
Total
Non-Current Assets |
6853.600 |
6557.000 |
5983.188 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8576.100 |
10941.700 |
10696.845 |
|
(c)
Trade receivables |
2409.200 |
1938.200 |
3824.549 |
|
(d)
Cash and cash equivalents |
2341.300 |
1014.600 |
1432.421 |
|
(e)
Short-term loans and advances |
0.000 |
3826.800 |
2623.797 |
|
(f)
Other current assets |
1789.300 |
1428.100 |
53.225 |
|
Total
Current Assets |
15115.900 |
19149.400 |
18630.837 |
|
|
|
|
|
|
TOTAL |
21969.500 |
25706.400 |
24614.025 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
43185.200 |
50685.500 |
43514.900 |
|
|
|
Other Income |
1695.100 |
2185.200 |
2139.613 |
|
|
|
TOTAL |
44880.300 |
52870.700 |
45654.513 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
19303.800 |
29254.300 |
30299.189 |
|
|
|
Purchases of Stock-in-Trade |
11657.300 |
12108.000 |
12279.664 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2083.300 |
(1501.000) |
(1314.004) |
|
|
|
Employees benefits expense |
855.100 |
868.700 |
768.814 |
|
|
|
Other expenses |
9622.100 |
11278.100 |
2258.165 |
|
|
|
CSR Expenditure |
0.000 |
0.000 |
0.245 |
|
|
|
TOTAL |
43521.600 |
52008.100 |
44292.073 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1358.700 |
862.600 |
1362.440 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
83.600 |
78.300 |
9.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1275.100 |
784.300 |
1352.915 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
357.600 |
326.700 |
389.144 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
917.500 |
457.600 |
963.771 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
261.000 |
100.000 |
210.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
656.500 |
357.600 |
753.771 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
NA |
111.179 |
556.892 |
|
|
TOTAL EARNINGS |
NA |
111.179 |
556.892 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
24945.155 |
28365.211 |
|
|
|
Stores & Spares |
|
1272.351 |
1754.031 |
|
|
|
Capital Goods |
|
216.959 |
135.461 |
|
|
TOTAL IMPORTS |
NA |
26434.465 |
30254.703 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic
|
656.50 |
357.60 |
3.20 |
|
|
|
Diluted |
2.79 |
1.52 |
3.20 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(1661.100) |
2595.600 |
(1471.542) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(2288.250) |
2299.800 |
(1973.652) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
20.36 |
13.96 |
32.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
17.93 |
26.15 |
11.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
81.05 |
56.17 |
91.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.16 |
0.08 |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.32 |
0.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.71 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.41 |
0.45 |
0.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.61 |
2.60 |
2.76 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.39 |
0.45 |
0.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
16.25 |
11.02 |
143.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.52 |
0.71 |
1.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.99 |
1.39 |
3.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.91 |
5.99 |
13.88 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.23 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.61 |
0.53 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.23 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.17 |
1.15 |
1.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.23 |
1.24 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR In
Million |
|
Share Capital |
2354.008 |
2354.000 |
2354.000 |
|
Reserves & Surplus |
3078.119 |
3619.800 |
4270.200 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5432.127 |
5973.800 |
6624.200 |
|
|
|
|
|
|
long-term borrowings |
2710.120 |
2710.100 |
2710.100 |
|
Short term borrowings |
0.000 |
0.000 |
37.700 |
|
Total
borrowings |
2710.120 |
2710.100 |
2747.800 |
|
Debt/Equity
ratio |
0.499 |
0.454 |
0.415 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
43514.900 |
50685.500 |
43185.200 |
|
|
|
16.478 |
-14.798 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
43514.900 |
50685.500 |
43185.200 |
|
Profit |
753.771 |
357.600 |
656.500 |
|
|
1.73% |
0.71% |
1.52% |
LEGAL CASES
|
This is archived version of case. To
check in ecourt site please go to link. then click on Case Status. Select
state : Delhi, district : New Delhi, court complex name : Patiala House Court
Complex and enter on of party name with case year from registration date
|
|
This is archived version of case. To
check in ecourt site please go to link. then click on Case Status. Select
state : Maharashtra, district : Aurangabad, court complex name : District and
Sessions Court, New District Court Building, Adalat Road, Aurangabad - 431005
and enter on of party name with case year from registration date
District and Sessions Court, Aurangabad Case Details
Case Type
: Reg Dkst Case
Status
First Hearing Date : 29th
July 2016
|
|
Under Act(s) |
Under Section(s) |
|
Arbitration Act |
36 |
History of Case Hearing
|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
707/2016 |
District Judge-1 and Addl.
Sessions Judge, Abad. |
09-08-2016 |
Appearance |
|
|
707/2016 |
District Judge-1 and Addl.
Sessions Judge, Abad. |
20-08-2016 |
Appearance |
|
|
707/2016 |
District Judge-1 and Addl.
Sessions Judge, Abad. |
30-08-2016 |
Appearance |
|
|
707/2016 |
District Judge-1 and Addl.
Sessions Judge, Abad. |
08-09-2016 |
Appearance |
|
|
707/2016 |
District Judge-1 and Addl.
Sessions Judge, Abad. |
28-09-2016 |
Appearance |
|
|
707/2016 |
District Judge-1 and Addl.
Sessions Judge, Abad. |
03-10-2016 |
Appearance |
|
|
707/2016 |
District Judge-13 and Asst
Sessions Judge Abad |
05-11-2016 |
Steps_Unready |
|
|
707/2016 |
District Judge-13 and Asst
Sessions Judge Abad |
28-11-2016 |
W.S. & SAY |
|
|
707/2016 |
District Judge-13 and Asst
Sessions Judge Abad |
09-12-2016 |
W.S. & SAY |
|
|
707/2016 |
District Judge-13 and Asst
Sessions Judge Abad |
30-01-2017 |
W.S. & SAY |
Case Transfer Details Between The Courts
|
|
Regn. Number |
Transfer Date |
From Court Number |
To Court Number |
|
707/2016 |
30-09-2016 |
2 - District Judge-1 and Addl. Sessions Judge,
Abad. |
15 - District Judge-13 and
Asst Sessions Judge Abad |
|
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
2710.100 |
2710.100 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
37.700 |
0.000 |
|
|
|
|
|
Total |
2747.800 |
2710.100 |
OVERVIEW OF BUSINESS AND OPERATIONS
The Indian automobile industry registered a YoY growth of 5.41% during the financial year April -March 2017 over the same period last year and exports declined by (-) 4.50%. The passenger vehicle segment grew by 9.23% & 16.20% in domestic market & export market respectively in April-March 2017 as compared to same period during last year. Within passenger vehicle segment, passenger cars grew by 3.85% as compared to last year.
Owing to the tough market conditions, the total revenue of the Company as compared to previous financial year declined from INR 52,870 million to INR 44,880 million. In absolute terms the net profit after tax of the Company for the year ended on 31st March, 2017 has increased by 83.75% to INR 656 million as compared to INR 357 million for the year ended on 31st March, 2016. The net profit after tax as a percentage of total revenue increased from 0.67% for the year ended 31st March, 2016 to 1.46% for the year ended 31st March, 2017.The positive net profit for the year is mainly due to financial support received from parent Company ŠKODA AUTO a.s. for improving the operating margin of the Company. Škoda Auto India sales for the year stood at 13,308 (Wholesale of Skoda Brand models) units for calendar year 2016
In August & September 2016, ŠKODA AUTO India introduced a new campaign intended to transform the overall brand and ownership experience in the country. As part of this initiative, ŠKODA will revamp its entire network including sales and service outlets. The modernized appearance is based on the New ŠKODA corporate design & identity. ŠKODA has also launched the ‘MYŠKODA’ mobile application which will provide customers with comprehensive information, data and facts about their ŠKODA. The application has been designed to allow ŠKODA owners access to their previous service, predict next service, call for Roadside Assistance, locate the nearest ŠKODA dealership etc. amongst many other features. Through this campaign ŠKODA has introduced compelling service initiatives such as menu pricing, itemized service invoices and delivery assurances.
They also announced a 4 year service care program which consist of 4 year warranty program and 4 year (24 x 7) Road Side Assistance which is standard on all SKODA’s. Additionally, customers now have an option to purchase a 4 year service package at a nominal price which ensures a hassle-free ownership experience.
Throughout this exercise ŠKODA India will strive to improve the customer experience further by streamlining processes and introducing new customer led initiatives.
Amidst this tough market situation, your Board takes pride in informing you that in November 2016 ŠKODA AUTO India launched the New Rapid. It offers better performance combined with the new crystalline design language, tailor made to the needs of the Indian market. The New Rapid offers a compelling combination of the brand’s emotional design, exquisite interiors, and host of convenience features, leading safety as well as intelligent connectivity features. The New Rapid sports a modern crystalline appearance synonymous with the brand’s signature design language. In its sharp angles and contours, trails the inspiration to traditional Bohemian crystals, making it a very attractive sedan. The inspiring design is a tribute to ŠKODA’s rich Czech heritage.
In February 2017, ŠKODA India introduced the Octavia ONYX edition within the Octavia model range. The ONYX edition offered a refreshed design, visually differentiating itself with the new 16” Premia black alloy wheels and black exterior mirrors. In addition, the ONYX edition sports an attractive body coloured spoiler, new decorative foils and door sills. The Octavia ONYX edition was sold across all authorized ŠKODA dealerships and was available for a limited period.
The management believes that the refreshed models in their line-up reflect the new phase of ŠKODA India, promising products that are more practical with timeless appeal, extremely high safety standards and the latest technologies.
Customer Satisfaction continues to be our prime focus. It is their constant endeavour to ensure continuous efforts are applied to improving customer satisfaction & overall ownership experience with ŠKODA Auto India.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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
|
INR |
|
US Dollar |
1 |
INR 66.02 |
|
UK Pound |
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
·
Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.