MERCEDES-BENZ INDIA PRIVATE LIMITED

Detailed Report

23 July, 2020
 MERCEDES-BENZ INDIA PRIVATE LIMITED

Chapter 1 Overview 4
1.1 Vitals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.2 Contact Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.3 Latest Filings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.4 Old Names Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.5 Old Cins Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.6 Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.7 Kyc Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.8 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.9 Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Chapter 2 Directors And Kmp 6

2.1 Current Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.2 Current Kmp Other Than Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.3 Other Directorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.4 Previous Directors / Kmp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Chapter 3 Financials 9
3.1 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
3.2 Standalone Balance Sheet (ind-As) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
3.3 Standalone Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
3.4 Standalone Profit And Loss (ind-As) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
3.5 Standalone Profit And Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
3.6 Important Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Chapter 4 Terms And Conditions 15

4.1 Copyright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
4.2 Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

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OVERVIEW
23 July, 2020

VITALS

Status Active Authorised share capital 600.00 cr

CIN U34102PN1994PTC083160 Paid up share capital 600.00 cr
Incorporation Date 22 November, 1994 Sum of existing charges 0.00
Category Company limited by Shares Last reported AGM date 04 September, 2019
Sub-category Non-govt company Listing status Unlisted

CONTACT DETAILS

Email Address amit.atre@daimler.com Registered Address

Website Not available E-3, MIDC Chakan,Phase III Chakan Indl. Area,
Kuruli & Nighoje, Taluka: Khed Chakan
Telephone 02135673000 Maharashtra - 410501

LATEST FILINGS

LATEST ANNUAL RETURN 31 March, 2018

LATEST BALANCE SHEET 31 March, 2019
LATEST PROFIT & LOSS 31 March, 2019

OLD NAMES OF THIS COMPANY

DAIMLERCHRYSLER INDIA PRIVATE LIMITED

MERCEDES BENZ INDIA PRIVATE LIMITED

OLD CINS OF THIS COMPANY

No previous cins were found for this company.

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INDUSTRY

Manufacture of motor vehicles, trailers and others

KYC INFORMATION as on 01 April, 2016

Company PAN AABCM1789L No. of Employees 1,001 - 5,000

FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2019

Revenues 6,526.70 cr EBITDA 816.40 cr

Profit After Tax 311.40 cr Networth 1,063.10 cr

AUDITORS as on 23 July, 2020

Auditor Type Signatory Name Year

Price Waterhouse LLP Auditor Firm Amit Arun Borkar 31 March, 2019

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DIRECTORS AND KMP

23 July, 2020

CURRENT DIRECTORS as on 22 July, 2020

Director's name Date of appointment Designation

PIYUSH SHAILENDRA ARORA 08 September, 2015 Wholetime Director / Professional
STEPHAN ANDREAS KROEL 01 August, 2018 Director / Professional
MARTIN PETER SCHWENK 01 November, 2018 Director / Professional

CURRENT KMP OTHER THAN

as on 22 July, 2020
DIRECTORS

Director's name Date of Designation

appointment
AMIT GOVIND ATRE 01 May, 2017 KMP

OTHER DIRECTORSHIPS as on 22 July, 2020

Director's name Company name Designation Date of appointment

MARTIN PETER THE INDO GERMAN Director 26 June, 2019
SCHWENK CHAMBER OF
COMMERCE

PREVIOUS DIRECTORS / KMP as on 22 July, 2020

Director's name Date of Date of cessation Last designation Reason for leaving
appointment
Wolfgang Pipperger Not available 17 Mar 2006 Alternate Director Resignation
Martin Strassburg Not available 31 Aug 2006 Alternate Director Resignation
KAI OLIVER RAUCH 17 Mar 2006 09 May 2007 Alternate Director Resignation
Olaf Gunter Koch Not available 31 Aug 2007 Director Resignation
Rainer Ruckteschler 09 May 2007 10 Sep 2007 Alternate Director Resignation
Hermann Diedrich Bruhn Not available 19 Sep 2007 Alternate Director Vacation of Office
under Setion 313
Stephan Engels 19 Sep 2007 19 Sep 2007 Additional Director NREA

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Matthias Luehrs Not available 09 Jan 2008 Alternate Director Vacation of Office
under Setion 313
HARALD RUDOLPH Not available 09 Jan 2008 Alternate Director Vacation of Office
under Setion 313
Thomas Alexander Not available 09 Jan 2008 Alternate Director Vacation of Office
Schaefer under Setion 313
Rudolf Walter Thom 01 Jun 2006 31 Mar 2008 Alternate Director Resignation
Stephan Engels 19 Sep 2007 22 Sep 2008 Director Resignation
Hermann Diedrich Bruhn 22 Sep 2008 22 Sep 2008 Alternate Director Vacation of Office
under Setion 313
Matthias Luehrs Not available 25 Feb 2009 Alternate Director Vacation of Office
under Setion 313
Thomas Alexander Not available 25 Feb 2009 Alternate Director Vacation of Office
Schaefer under Setion 313
Matthias Luehrs Not available 01 Apr 2009 Alternate Director Resignation
JOACHIM WARNER Not available 30 Nov 2009 Director Resignation
SCHMIDT
JOHANNES HERBERT Not available 30 Nov 2009 Alternate Director Vacation of Office
FRITZ under Setion 313
JOHANNES HERBERT Not available 25 Mar 2010 Alternate Director Vacation of Office
FRITZ under Setion 313
Walter Puetz Not available 25 Mar 2010 Alternate Director Vacation of Office
under Setion 313
Thomas Alexander Not available 25 Mar 2010 Alternate Director Vacation of Office
Schaefer under Setion 313
HARALD RUDOLPH 12 Jan 2008 13 Oct 2010 Alternate Director Resignation
Walter Puetz 29 Mar 2010 13 Oct 2010 Alternate Director Resignation
Thomas Alexander Not available 16 Dec 2010 Alternate Director Resignation
Schaefer
JOHANNES HERBERT 21 Dec 2010 21 Dec 2010 Alternate Director Vacation of Office
FRITZ under Setion 313
Eberhard Haller 01 Jun 2006 31 Dec 2010 Director Resignation
WILFRIED GERHARD Not available 31 Dec 2010 Director Resignation
AULBUR
Martin Zimmermann Not available 14 Apr 2011 Director Resignation
GUENTER JOSEF WALZ 07 Feb 2011 31 Oct 2011 Director Resignation
Thomas Alexander Not available 31 Oct 2011 Alternate Director Vacation of Office
Schaefer under Setion 313
Peter Alexander Trettin 01 Dec 2009 05 Apr 2012 Director Resignation u/s 168
Thomas Alexander 10 Jan 2012 05 Apr 2012 Alternate Director Resignation u/s 168
Schaefer
HARTMUT SCHICK 07 Feb 2011 05 Apr 2012 Director Resignation u/s 168
JOHANNES HERBERT 21 Dec 2010 05 Apr 2012 Alternate Director Resignation u/s 168
FRITZ
Bharat Balasubramanian 01 Jun 2006 31 May 2012 Director Resignation u/s 168

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Peter Theodor Honegg 01 Jan 2011 30 Nov 2012 Managing Director Resignation u/s 168
RAINER GENES 07 Dec 2011 01 Apr 2013 Director Resignation u/s 168
RALF GUENTER Not available 01 Apr 2013 Alternate Director Exceeding
MUNGENAST maximum number of
directorship u/s 165
RALF GUENTER Not available 10 Dec 2013 Alternate Director Vacation of office
MUNGENAST u/s 161
Hermann Diedrich Bruhn 22 Sep 2008 31 Dec 2013 Director Resignation u/s 168
JOSEF GEORG 05 Apr 2012 17 Mar 2014 Alternate Director Resignation u/s 168
ROEHRLE
Matthias Luehrs 05 Apr 2012 17 Mar 2014 Director Resignation u/s 168
MARKUS SCHAEFER 01 Jul 2013 15 Jul 2014 Director Resignation u/s 168
RALF GUENTER 15 Jul 2014 15 Jul 2014 Alternate Director Vacation of office
MUNGENAST u/s 161
MADER BERNHARD 28 Jan 2014 15 Jul 2014 Director Resignation u/s 168
RALF GUENTER 15 Jul 2014 22 Jun 2015 Alternate Director Resignation u/s 168
MUNGENAST
EBERHARD HERMANN 01 Dec 2012 30 Sep 2015 Managing Director Resignation u/s 168
KERN
TILL HENRIK CONRAD 17 Mar 2014 13 Jun 2016 Director Resignation u/s 168
RAINER GERHARD 15 Jul 2014 13 Jun 2016 Director Resignation u/s 168
RUESS
HELMUT RUDOLF RUHL 15 Jul 2014 13 Jun 2016 Director Resignation u/s 168
KLAUS KONRAD 16 Jul 2015 13 Jun 2016 Alternate Director Vacation of office
BUECHELER u/s 161
MANFRED AUSWEGER 13 Jun 2016 01 Aug 2018 Whole-time Director Resignation u/s 168
ROLAND SEBASTIAN 01 Oct 2015 01 Oct 2018 Managing Director Resignation u/s 168
FOLGER

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FINANCIALS
23 July, 2020

FINANCIAL HIGHLIGHTS Figures in INR Lacs

Particulars 31 March 31 March 31 March 31 March 31 March

2019 2018 2017 2016 2015
Operating Revenue 631,430.00 607,790.00 618,360.00 482,780.00 418,210.00
EBITDA 81,640.00 75,220.00 75,900.00 55,200.00 53,670.00
Profit/Loss After Tax 31,140.00 30,660.00 37,820.00 27,970.00 30,240.00
Net Profit/Loss Margin 4.77% 4.97% 5.99% 5.76% 7.17%
Networth 106,310.00 158,450.00 188,080.00 152,160.00 124,210.00
ROE 29.29% 19.35% 20.11% 18.38% 24.35%
Days Receivable 53.00 27.00 61.00 72.00 68.00
Days Payable 66.00 42.00 39.00 70.00 53.00
Current Ratio 0.93 1.37 1.68 1.46 1.65
Debt to Equity Ratio 1.80 0.48 0.61 1.14 0.81

STANDALONE BALANCE SHEET

Figures in INR Lacs
(IND-AS)

Particulars 31 March, 2019 31 March, 2018 31 March, 2017 31 March, 2016

EQUITY AND LIABILITIES
Equity Share Capital 60,000.00 60,000.00 60,000.00 60,000.00
Other Equity 46,310.00 98,450.00 128,080.00 90,450.00
Non-Current Liabilities
Financial Liabilities
Borrowings 38,850.00 75,480.00 113,810.00 97,300.00
Trade Payables - - - -
Other Financial 470.00 2,130.00 80.00 160.00
Liabilities
Provisions 31,330.00 48,520.00 52,760.00 48,600.00
Deferred Tax Liabilities - - - -
Other Liabilities 60,400.00 64,700.00 65,690.00 41,150.00
Current Liabilities
Financial Liabilities

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Borrowings 152,730.00 - - 3,330.00

Trade Payables 118,530.00 71,390.00 67,660.00 94,380.00
Other Financial 62,350.00 60,290.00 41,580.00 42,840.00
Liabilities
Provisions 12,000.00 15,020.00 33,470.00 34,120.00
Current Tax Liabilities - - - -
Other Liabilities 12,280.00 36,990.00 26,270.00 27,820.00
Liabilities Associated With - - - -
Assets In Disposal Group
Regulatory Deferral - - - -
Account Credit Balances
Total Equity and 601,050.00 539,600.00 596,900.00 546,710.00
Liabilities
ASSETS
Non-Current Assets
Property, Plant and 127,590.00 137,110.00 142,690.00 84,690.00
Equipment
Capital Work-in-Progress 12,200.00 540.00 1,660.00 40,920.00
Investment Property - - - -
Goodwill - - - -
Intangible Assets 1,170.00 1,590.00 1,640.00 930.00
Intangible Assets Under 90.00 60.00 170.00 100.00
Development
Financial Assets
Investments - - - 1,830.00
Trade Receivables - - - -
Loans 1,090.00 1,100.00 1,210.00 1,330.00
Other Financial Assets 71,990.00 74,000.00 72,480.00 39,030.00
Deferred Tax Assets 19,410.00 20,430.00 23,620.00 22,650.00
Other Assets 22,780.00 34,850.00 45,170.00 46,820.00
Current Assets
Inventories 179,040.00 82,630.00 128,150.00 145,630.00
Financial Assets
Investments - - 1,930.00 -
Trade Receivables 96,340.00 46,980.00 106,180.00 96,090.00
Cash and Cash 2,500.00 85,220.00 32,620.00 18,760.00
Equivalents
Other Bank Balances - 28,970.00 8,550.00 -
Loans 380.00 430.00 200.00 50.00
Other Assets 5,100.00 2,200.00 4,320.00 6,860.00
Current Tax Assets - - - -
Other Assets 61,370.00 23,490.00 26,310.00 41,020.00

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Noncurrent Assets Held - - - -

For Sale
Regulatory Deferral - - - -
Account Debit Balances
Total Assets 601,050.00 539,600.00 596,900.00 546,710.00

STANDALONE BALANCE SHEET Figures in INR Lacs

Particulars 31 March, 2016 31 March, 2015

EQUITY AND LIABILITIES
Shareholders Funds
Share Capital 60,000.00 60,000.00
Reserves and Surplus 92,160.00 64,210.00
Money Received Against - -
Share Warrants
Share Application Money - -
Pending Allotment
Non-Current Liabilities
Long Term Borrowings 97,300.00 49,780.00
Deferred Tax Liabilities - -
Other Long Term 310.00 240.00
Liabilities
Long Term Provisions 48,990.00 82,110.00
Current Liabilities
Short Term Borrowings 3,330.00 -
Trade Payables 94,380.00 61,730.00
Other Current Liabilities 72,830.00 50,770.00
Short Term Provisions 35,160.00 9,740.00
Total Equity and 504,460.00 378,580.00
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 31,650.00 26,960.00
Intangible Assets 860.00 750.00
Capital 40,920.00 9,270.00
Work-in-Progress
Intangible Assets 100.00 190.00
Under Development
Non-Current Investments 1,260.00 1,260.00
Deferred Tax Assets 18,660.00 11,790.00

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Long Term Loans and 109,510.00 125,110.00

Advances
Other Non-Current 870.00 1,000.00
Assets
Current Assets
Current Investments - -
Inventories 145,630.00 68,100.00
Trade Receivables 96,090.00 79,420.00
Cash and Cash 18,760.00 40,200.00
Equivalents
Short Term Loans and 39,530.00 13,500.00
Advances
Other Current Assets 620.00 1,030.00
Total Assets 504,460.00 378,580.00

STANDALONE PROFIT AND LOSS

Figures in INR Lacs
(IND-AS)

Particulars 31 March, 2019 31 March, 2018 31 March, 2017 31 March, 2016

CONTINUING OPERATIONS
Revenue from operations 631,430.00 607,790.00 618,360.00 592,560.00
Other Income 21,240.00 9,550.00 12,860.00 12,960.00
Total Revenue 652,670.00 617,340.00 631,220.00 605,520.00
Cost of Materials 503,790.00 371,930.00 280,260.00 324,990.00
Consumed
Purchases of Stock in 92,280.00 56,770.00 66,660.00 79,610.00
Trade
Changes in Inventory -94,800.00 18,110.00 11,260.00 -37,470.00
Employee Benefit 17,620.00 16,010.00 14,370.00 13,220.00
Expenses
Finance Costs 15,450.00 12,020.00 11,970.00 8,100.00
Depreciation and 17,860.00 15,870.00 12,900.00 8,180.00
Amortization
Other Expenses* 52,140.00 79,300.00 182,770.00 158,460.00
Total Expenses 604,340.00 570,010.00 580,190.00 555,090.00
Total Revneue Less 48,330.00 47,330.00 51,030.00 50,430.00
Total Expenses
Prior Period and - - - -
Exceptional Items
Profit Before Tax 48,330.00 47,330.00 51,030.00 50,430.00
Current Tax Expense 16,110.00 13,420.00 14,090.00 21,780.00
Deferred Tax Expense 1,080.00 3,250.00 -880.00 -5,040.00

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Net Movement in - - - -
Regulatory Deferral
Account Balances
Profit From Continuing 31,140.00 30,660.00 37,820.00 33,690.00
Operations
Profit From Discontinuing - - - -
Operations (After Tax)
Net Profit/Loss 31,140.00 30,660.00 37,820.00 33,690.00
Other Comprehensive -100.00 -110.00 -190.00 -100.00
Income
Total Comprehensive 31,040.00 30,550.00 37,630.00 33,590.00
Income/Loss

STANDALONE PROFIT AND LOSS Figures in INR Lacs

Particulars 31 March, 2016 31 March, 2015

CONTINUING OPERATIONS
Revenue from operations 482,780.00 418,210.00
Other Income 3,110.00 3,420.00
Total Revenue 485,890.00 421,630.00
Cost of Materials 324,990.00 205,450.00
Consumed
Purchases of Stock in 79,610.00 124,300.00
Trade
Changes in Inventory -37,470.00 -17,110.00
Employee Benefit 12,770.40 11,121.40
Expenses
Finance Costs 8,020.00 5,090.00
Depreciation and 3,830.00 3,070.00
Amortization
Other Expenses* 50,789.60 44,198.60
Total Expenses 443,010.00 376,250.00
Total Revneue Less 42,880.00 45,380.00
Total Expenses
Prior Period and - -
Exceptional Items
Profit Before 42,880.00 45,380.00
Extraordinary Items
Extraordinary Items - -
Profit Before Tax 42,880.00 45,380.00
Current Tax Expense 21,780.00 19,650.00
Deferred Tax Expense -6,870.00 -4,510.00

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Profit From Continuing 27,970.00 30,240.00

Operations
Profit From Discontinuing - -
Operations (After Tax)
Net Profit/Loss 27,970.00 30,240.00

IMPORTANT RATIOS

Particulars 31 March, 2019 31 March, 2018

Leverage Ratios
Total Debt/Equity Ratio 3.08 1.51
Total Assets/Equity Ratio 5.65 3.41
Total Debt/Total Assets 0.54 0.44
Ratio
Interest Coverage Ratio 4.13 4.94
Liquidity ratios
Quick Ratio 0.49 1.00
Current Ratio 0.93 1.37
Performance ratios
Gross Margin 20.61% 26.49%
Net Margin 4.77% 4.97%
Return on Fixed Assets 22.08% 22.01%
Return on Equity 29.29% 19.35%
Return on Capital 26.78% 14.44%
Employed
Total Asset Turnover 1.09 1.14
Fixed Asset Turnover 4.48 4.36
Days Receivables 55 28
Outstanding
Days of Inventory 130 67

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COPYRIGHT

Copyright (C) 2016-2018. Prepared, owned and distributed by TWS Systems Pvt Ltd. All Rights Reserved. The
content of this report is protected by applicable copyright laws. Content may not be reproduced, distributed,
modified or framed in any form or by any means, whether electronic, mechanical, photocopying, recording or
otherwise without prior written permission.

DISCLAIMER

The present report is purely a summary of the contents and status of documents examined on an inspection of the
Company's documents available on the official website of the Ministry of Corporate Affairs (www.mca.gov.in) . The
report is not based on any personal judgments or opinion of any individual or professional.

Please note that the content of these documents have not been audited at our end and no representation or
warranty is made regarding accuracy or reliability data/content. The reports are computer generated and although
manual checks and verification has been undertaken but it may still be subject to Programmatic and/or content
errors.

This report is provided for general information only and is without warranty of any kind- express or implied,
including but not limited to warranties of merchantability, fitness for a particular purpose.

TWS Systems Private Limited, its directors, officers or employees or any of their data providers shall not be liable
for any damages (direct, indirect, special or consequential) for whatever cause and disclaim any responsibility on
account of any implications, decisions or actions taken on the basis of some inadvertent mistake in the said report.

Disputes, if any, are subject to courts at Delhi, India.

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