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|
|
MIRA INFORM REPORT
|
Report No. : |
491292 |
|
Report Date : |
13.02.2018 |
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 |
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|
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|
Registered
Office : |
No.123, Industrial Layout, Hosur Road, Koramangala,
Bangalore – 560095, Karnataka |
|
Tel. No.: |
91-80-67991265 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
17.12.1997 |
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|
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|
Com. Reg. No.: |
08-023164 |
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Capital
Investment / Paid-up Capital : |
INR 42.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U72400KA1997PTC023164 |
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IEC No.: |
Not Available |
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GSTIN/UIN : |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR7108R |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject Primarily engaged in supplier of Technology and
Services, offering end-to-end Engineering, IT and Business Solutions. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Available |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 75000000 |
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|
|
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Robert Bosch Gmbh, Germany and was
incorporated on 17th December 1997. The company is a global
supplier of technology and services. It offers engineering, information
technology and business services. It also provides process consulting,
mechanical, electronic engineering, shared services accounting, translation
and documentation. The company develops software solution. It offers its services to
automotive, industrial, consumer goods and building technology sectors. For the financial year 2017, the company has achieved 23.74% growth in
its revenue as compared to its previous year along with fair profit margin of
12.08% during the year. The sound financial profile of the company is reflected by its healthy
solvency indicators due to zero debt balance sheet profile along with above
average net worth base and satisfactory liquidity position. Rating also takes into account of strong financial and managerial
support that company receives from its holding entity backed by its well experienced
management team. It is also noted that “Robert Bosch” the parent company is been ranked
76th in Global Fortune 500 list. Trade relations are reported as fair. Business is active. Payments
seems to be regular and as per commitment. 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2016.
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 13.02.2018
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.
LOCATIONS
|
Registered/ Head Office : |
No.123, Industrial Layout, Hosur Road, Koramangala, Bangalore
– 560095, Karnataka, India |
|
Tel. No.: |
91-80-67991265 / 66574703 / 5757 |
|
Mobile No.: |
91-9449067158 (Mr. Dwarampudi Veera Reddy) |
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Fax No.: |
91-80-66170711 / 66571013 |
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E-Mail : |
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Website : |
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Regional Offices : |
Located at: · Bangalore · Coimbatore · Hyderabad · Mexico · Vietnam |
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Sales Offices : |
Located at: · Bangalore · New Delhi ·
Pune |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vijay Ramchandra Ratnaparkhr |
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Designation : |
Managing Director |
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Address : |
273, Adarsh Palm Retreat Marathahalli, Ring Road, Bangalore – 560103,
Karnataka, India |
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Date of Birth/Age : |
22.02.1965 |
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Qualification : |
Master of Technology, IIT, Mumbai |
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Date of Appointment : |
01.09.2010 |
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DIN No.: |
03211521 |
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|
||||||||||||||||||||
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Name : |
Mr. Krishna Anantakrishnan |
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Designation : |
Wholetime Director |
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Address : |
Flat No. 202, 2nd Floor, Pine View Apartment 9, Edward
Road, Bangalore – 560052, Karnataka, India |
||||||||||||||||||||
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Date of Birth/Age : |
01.09.1959 |
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Date of Appointment : |
10.08.2015 |
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DIN No.: |
07003940 |
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Other Directorship:
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||||||||||||||||||||
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Name : |
Soumitra Bhattacharya |
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Designation : |
Nominee Director |
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Address : |
15/1A, Off Palace Road, Opposite Maruti Temple, Bangalore – 560001, Karnataka,
India |
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|
Date of Appointment : |
01.01.2017 |
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DIN No.: |
02783243 |
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Other Directorship:
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Name : |
Gerhard Johannes Steiger |
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Designation : |
Nominee Director |
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Address : |
Weil Der Stadt Panoramastrabe 36 Weil Der Stadt 71263, Germany |
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|
Date of Appointment : |
19.01.2018 |
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DIN No.: |
02946897 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Robert Bosch GMBH, Germany |
|
4159774 |
|
UC Vermogensverwaltung GMBH, Germany * |
|
1 |
|
Bosch Sensortech GMBH, Germany * |
|
1 |
|
Robert Bosch Investment Nederland B.V., Netherland * |
|
1 |
|
Prufzenrum Boxberg GMBH, Germany * |
|
1 |
|
Robert Bosch Internationale Beteligungen AG, Switzerland * |
|
1 |
|
Robert Bosch Car Multimedia GMBH, Germany * |
|
1 |
|
|
|
|
|
Total |
|
4159780 |
|
* Shares are held as a nominee of Robert Bosch GmbH,
Germany |
||
Equity Share Break up (Percentage of Total Equity)
AS ON 21.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject Primarily engaged in supplier of Technology and
Services, offering end-to-end Engineering, IT and Business Solutions. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
|
|
Name : |
Price Waterhousse Chartered Accountants LLP Chartered Accountants |
|
Address : |
5th Floor, Tower D, Millenia 1 and 2 Murphy Road, Ulsoor, Bangalore – 560008, Karnataka, India |
|
PAN No.: |
AADFP9359C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding / Ultimate
Holding Company : |
· Robert Bosch GmbH, Germany |
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Fellow Subsidiary
Companies : |
· Beissbarth GmbH, Germany · Centro Studi Componenti per Veicoli S.p.A., Italy · Bosch Automotive Diesel Systems Co., 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) Co., Limited, China · ETAS Automotive Technology (Shanghai) Co., Limited, China · Bosch Automotive Products (Suzhou) Co., 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 Co., 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 España Fábrica Madrid S.A., Spain · Bosch Packaging Technology, Inc., United States · Robert Bosch España, S.L.U., Spain · Bosch Power Tec GmbH, Germany · Robert Bosch Fahrzeugelektrik Eisenach GmbH, Germany · Bosch Rexroth (Changzhou) Co., 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 · Bosch Rexroth Ltda., Brazil · Robert Bosch México Sistemas Automotrices, S.A. de 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. Società 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 Co., 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 Co., Limited, China · Bosch Thermotechnologie S.A.S., France · Vetronix Corporation, United States · Bosch Thermotechnology Limited, United Kingdom · ZF Lenksysteme GmbH, Germany · Bosch Trading (Shanghai) Co., Limited, China · ZF Lenksysteme GmbH, Germany · Bosch Transmission Technology B.V., Netherlands · ZF Steering Systems LLC, United States · Bosch und Siemens Hausgerä, Germany · Robert Bosch México S.A. de C.V., Mexico · ETAS K.K., Japan · Bosch Automotive Service Solutions Limited, United Kingdom · Bosch Connected Devices and Solutions GmbH, Germany · Bosch Automotive Service Solutions S.R.L., Italy · Moehwald GmbH, Germany · Bosch Automotive Service Solutions (Suzhou) Co., Limited, China · BSH Hausgeräte GmbH, Germany · Bosch Automotive Service Solutions Corporation, Japan · BSH Home Appliances Corporation, USA · Robert Bosch Argentina Industrial S.A., Argentina · BSH Household Appliances Manufacturing Private Limited, India · Bosch Automotive Aftermarket (China) Co., Limited, China · Robert Bosch Automotive Steering GmbH, Germany · Bosch Automotive Diagnostics Equipment (Shenzhen) Limited, China · Robert Bosch Automotive Steering Vendôme S.A.S., France · Bosch Car Multimedia (Wuhu) Co., Limited, China · Robert Bosch Automotive Steering LLC, USA · Robert Bosch Middle East FZE, U.A. Emirates · Robert Bosch Automotive Steering Bremen GmbH, Germany · Bosch Mahle Turbo Systems (Shanghai) Limited, Germany · Bosch Rexroth S.R.L., Romania · Advanced Driver Information Technology Corporation, Japan · Bosch Rexroth AB, Sweden · Bosch SoftTec GmbH, Germany · Bosch Rexroth Mellansel AB, Sweden · ETAS Korea Co., Limited, South Korea · VHIT S.p.A., Italy · MIVIN Engineering Technologies Private Limited, India · Robert Bosch B.V., Netherlands · Escrypt GmbH Embedded Security, Germany · Skil Europe B.V., Netherlands · Robert Bosch (Bangladesh) Limited, Bangladesh · EVI Audio GmbH, Germany · Robert Bosch Start-Up GmbH, Germany · Robert Bosch Sp. z o.o., Poland · Newtech Filter India Private Limited, India · Robert Bosch Company Limited, China · BSH Ev Aletleri Sanayi ve Ticaret A.?., Turkey · Bosch Laser Equipment (Dongguan) Limited, China · Bosch Security Systems, S.A., Portugal · Sia Abrasives Industries AG, Switzerland · Robert Bosch A/S, Denmark · Robert Bosch Sistemas Automotrices, S.A. de C.V., Mexico · Robert Bosch España Gasoline Systems S.A.U., Spain |
CAPITAL STRUCTURE
AS ON 21.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4159780 |
Equity Shares |
INR 10/- each |
INR 41.598 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015
(15
Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
42.000 |
42.000 |
42.000 |
|
(b) Reserves & Surplus |
26104.000 |
18362.000 |
14435.000 |
|
(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) |
26146.000 |
18404.000 |
14477.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
54.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
54.000 |
76.000 |
119.000 |
|
(d) Long-term provisions |
1631.000 |
1200.000 |
960.000 |
|
Total Non-current
Liabilities (3) |
1739.000 |
1276.000 |
1079.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2575.000 |
1451.000 |
1770.000 |
|
(c) Other
current liabilities |
2151.000 |
2351.000 |
1549.000 |
|
(d) Short-term
provisions |
1909.000 |
1317.000 |
1045.000 |
|
Total Current
Liabilities (4) |
6635.000 |
5119.000 |
4364.000 |
|
|
|
|
|
|
TOTAL |
34520.000 |
24799.000 |
19920.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3546.000 |
3883.000 |
1695.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
49.000 |
60.000 |
1444.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10330.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1465.000 |
1291.000 |
973.000 |
|
(d)
Long-term Loan and Advances |
16.000 |
12.000 |
2585.000 |
|
(e) Other
Non-current assets |
3083.000 |
2838.000 |
0.000 |
|
Total Non-Current
Assets |
18489.000 |
8084.000 |
6697.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
1626.000 |
1442.000 |
|
(b) Inventories |
15.000 |
19.000 |
4.000 |
|
(c) Trade
receivables |
5562.000 |
3950.000 |
4105.000 |
|
(d) Cash
and cash equivalents |
6685.000 |
6839.000 |
3145.000 |
|
(e)
Short-term loans and advances |
2052.000 |
3008.000 |
3472.000 |
|
(f) Other current
assets |
1717.000 |
1273.000 |
1055.000 |
|
Total
Current Assets |
16031.000 |
16715.000 |
13223.000 |
|
|
|
|
|
|
TOTAL |
34520.000 |
24799.000 |
19920.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015
(15 Months) |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
50947.000 |
41172.000 |
40182.000 |
|
|
Other Income |
700.000 |
1095.000 |
556.000 |
|
|
TOTAL |
51647.000 |
42267.000 |
40738.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
230.000 |
120.000 |
76.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.000 |
(15.000) |
(4.000) |
|
|
Employee benefit expense |
27465.000 |
23399.000 |
22260.000 |
|
|
CSR expenditure |
91.000 |
23.000 |
0.000 |
|
|
Other expenses |
13364.000 |
10943.000 |
9936.000 |
|
|
TOTAL |
41154.000 |
34470.000 |
32268.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
10493.000 |
7797.000 |
8470.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
34.000 |
114.000 |
18.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10459.000 |
7683.000 |
8452.000 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2193.000 |
1802.000 |
1431.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
8266.000 |
5881.000 |
7021.000 |
|
|
|
|
|
|
|
Less |
TAX |
2112.000 |
1787.000 |
1693.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
6154.000 |
4094.000 |
5328.000 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
75.000 |
39040.000 |
38569.000 |
|
|
TOTAL EARNINGS |
75.000 |
39040.000 |
38569.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
1065.000 |
1083.000 |
1213.000 |
|
|
TOTAL IMPORTS |
1065.000 |
1083.000 |
1213.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1479.00 |
984.00 |
1280.73 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015
(15
Months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
12018.000 |
7963.000 |
6282.000 |
|
Net cash flows from (used in) operating activities |
8628.000 |
6057.000 |
3720.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015
(15
Months) |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
39.85 |
35.02 |
37.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.16 |
10.42 |
9.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
4086.41 |
4413.46 |
8500.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
699.53 |
410.37 |
2117.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.92 |
1.98 |
2.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015
(15
Months) |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.19 |
0.21 |
0.22 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.25 |
0.28 |
0.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.14 |
0.21 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
308.62 |
68.39 |
470.56 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015
(15
Months) |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
12.08 |
9.94 |
13.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
17.83 |
16.51 |
26.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.54 |
22.25 |
36.80 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015
(15
Months) |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.42 |
3.27 |
3.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.41 |
3.26 |
3.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.76 |
0.74 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.29 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.42 |
3.27 |
3.03 |
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 |
42.000 |
42.000 |
42.000 |
|
Reserves & Surplus |
14435.000 |
18362.000 |
26104.000 |
|
Net
worth |
14477.000 |
18404.000 |
26146.000 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
54.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
54.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.002 |
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 |
40182.000 |
41172.000 |
50947.000 |
|
|
|
2.464 |
23.742 |
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 |
40182.000 |
41172.000 |
50947.000 |
|
Profit/ (Loss) |
5328.000 |
4094.000 |
6154.000 |
|
|
13.26
% |
9.94
% |
12.08
% |
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 |
No |
|
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 |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
Robert Bosch Engineering and Business Solutions Private Limited (RBEI) is a wholly owned subsidiary of Robert Bosch GmbH. The Company has started its operations in 1998 and it is one of the world's leading global supplier of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 18,000+ associates, RBEI is the largest software development center of Bosch, outside Germany. RBEI has facilities primarily spread across Bangalore and Coimbatore in India. RBEI also has branches outside of India. RBEI primarily provides Engineering, IT and ITES solutions. (The focal areas of RBEI are Automotive Industry, Industrial Technology, Consumer Goods and Building Technology.)
AWARDS AND
RECOGNITION:
During the period, the Company won several awards for excellence. Few such examples are
CII award to the Company for an ‘Excellent Energy Efficient Unit’:
RBEI Coimbatore SEZ Campus was certified as an “Excellent Energy Efficient Unit” by the Confederation of Indian Industry (CII) at the 17th National Award for Excellence Energy Management 2016 held at Hyderabad.
Team RBEI Coimbatore SEZ Campus seen receiving the award
CMO Asia IT excellence award to the Company:
Bosch Social Health won the CMO Asia IT Excellence Award in the category, “Use of IT for Rural Health”. RBEI team received the award at the CMO Asia Awards held at Singapore on 5th August 2016.
Bosch Social Health receiving the award at the award at the CMO Asia Award
Times Network “Smart manufacturing – Make in India” winner
RBEI was declared winner in the category “Smart manufacturing - Make in India” at the program hosted by financial news channel ET Now on 18th October 2016 at New Delhi.
Smart Manufacturing award received by RBEI.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Long-term maturities of finance lease obligations |
54.000 |
0.000 |
|
|
|
|
|
Total |
54.000 |
0.000 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B74228495 |
90191949 |
DEUTSCHE BANK |
14/05/1998 |
- |
05/04/2013 |
60000000.0 |
BANGALORE BRANCH26-27; RAHEJA TOWERS; M.G. ROAD BANGALORE KA560001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
PRESS RELEASE:
August 4, 2017:
Taking the next big leap through basic and applied research
Robert Bosch Engineering and Business Solutions and Indian Institute of
Technology Madras to set up research centre to address data sciences and
artificial intelligence
Research in deep learning, reinforcement learning, network analytics, interpretable machine learning, and domain aware AI
Creating societal impact through interactions with government, academia, research and industrial collaborators
Annual funding of INR three – four crores for five years
Chennai, August 4, 2017: Robert Bosch Engineering and Business Solutions (RBEI) signed a Memorandum of Understanding (MoU) today with the Indian Institute of Technology Madras (IIT Madras) to set up the Robert Bosch Centre for Data Science and Artificial Intelligence (RBC-DSAI). The mission of the RBC-DSAI is to create societal impact through multidisciplinary interactions with government, academic, research and industrial collaborators on core challenges in Data Science (DS) and Artificial Intelligence (AI). The Centre will receive funding up to the tune of INR three to four crores per year, for five years.
The ceremony to mark the signing of the MOU was accompanied by key note addresses from the Managing Director of Robert Bosch, Mr. Vijay Ratnaparkhe and the Director of IIT Madras, Prof. Bhaskar Ramamurthi. Both pointed out the significance of this collaboration in the global research and innovation landscape. Mr. Vijay Ratnaparkhe said, “This partnership is to accelerate research for societal impact, taking a long-term view. It will set a precedent in the way big-data is used to improve our problem solving capability in industry. At the same time the collaboration will result in shared outcomes for the benefit of society”.
Speaking about the upcoming Centre, Prof. Bhaskar Ramamurthi remarked, “IIT Madras has been nurturing its interdisciplinary Data Sciences and Artificial Intelligence research group for more than three years now. The launch of this Centre in partnership with, and generous support from, RBEI is an affirmation of the rapid growth and impact of the group’s research and teaching activities. I am confident the RBC-DSAI will become a globally acknowledged Centre working at the cutting edge of various aspects of machine learning, data science and artificial intelligence, leading to work with high social impact."
The Robert Bosch Centre will undertake foundational research in many areas of AI and Data Science, namely, deep learning, reinforcement learning, network analytics, interpretable machine learning, and domain aware AI. The areas of activity includes research projects, knowledge management and dissemination, developing prototypes, outreach projects, and setting up collaborative facilities and laboratories among others. The Centre’s mandate requires interaction with industry and other universities, including international student and faculty exchanges. The objective is to advance scientific innovation for societal benefit.
Several technologies currently require large datasets to improve their accuracy and to adapt these technologies for the Indian context. There are basic issues in the way we collect and share data; these need to be solved in a collective and open-sourced manner. To address this issue, the Centre is setting out on an ambitious task of creating a portal of curated, India specific data sets that are easy to access and interpret through a set of open tools and interfaces.
As part of Bosch’s research and innovation portfolio in India, the Centre in IIT-M will become part of a network to support ‘Digital India’; it will advance the country in the fields of innovation and research as the world moves towards more connected hardware and software products. This research network also includes the Robert Bosch Centre for Cyber Physical Systems at the Indian Institute of Science (IISc.) in Bangalore. Bosch believes that the world of business can make a major contribution to solving the challenges society faces.
About IITM (www.iitm.ac.in)
Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an institute of national importance. The activities of the Institute in various fields of Technology and Science are carried out in 16 academic departments and several advanced interdisciplinary Research Academic Centres. There are over 100 well-equipped laboratories in the Institute for teaching and research. The Institute offers undergraduate and post - graduate programmes leading to the B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D., degrees in a variety of specialisations. IITM is recognized world-wide for its intellectual leadership and ongoing innovation across every major discipline of engineering and pure science. IITM is a residential institute with more than 550 faculty and 9000 students. Students from 18 countries are enrolled here. The campus is self-contained and is located on a beautiful wooded area of about 250 hectares. It is home to approximately 300 species of trees and plants. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell (www.incubation.iitm.ac.in).
IITM has been ranked No.1 amongst Engineering Institutions in the India Rankings 2016 and 2017 and No.2 in the category of Overall Institutions in the 2017 Rankings, released by The National Institutional Ranking Framework, Ministry of Human Resources Development, Govt. of India - https://www.nirfindia.org
Join IIT Madras on Facebook: ReachIITM I Join IIT Madras on Twitter: @ReachIITM
About RBEI:
Robert Bosch Engineering and Business Solutions Private Limited is a 100% owned subsidiary of Robert Bosch GmbH, one of the world's leading global supplier of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 18,000 associates, it’s the largest software development centre of Bosch, outside Germany, indicating that it is the Technology Powerhouse of Bosch in India with a global footprint and presence in the US, Europe and the Asia Pacific region.
About Bosch in India
In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through nine companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Bosch Engineering and Business Solutions Private Limited, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Ltd. and Robert Bosch Automotive Steering India Pvt. Ltd. In India, Bosch set-up its manufacturing operation in 1951, which has grown over the years to include 15 manufacturing sites, and seven development and application centers. Bosch Group in India employs over 30,000 associates and generated consolidated revenue of about ₨.17,022 crores in 2015 of which ₨. 12,100 crores from third party. The Group in India has close to 14,000 research and development associates.
In India, Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over ₨. 10,415 crores (1.4 billion euros) in 2015-16.
About the Bosch Group
The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). According to preliminary figures, the company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected industry. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to create solutions for a connected life, and to improve quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 450 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs 59,000 associates in research and development.
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 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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
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 |
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.