HERO MOTORS LIMITED

Detailed Report

23 July, 2020
 HERO MOTORS 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

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 161.50 cr

CIN U29299PB1998PLC039602 Paid up share capital 34.60 cr
Incorporation Date 30 April, 1998 Sum of existing charges 4.00 cr
Category Company limited by Shares Last reported AGM date 30 September, 2019
Sub-category Non-govt company Listing status Unlisted

CONTACT DETAILS

Email Address legal@hmcgroup.in Registered Address

Website http://www.heromotocorp.com/ Hero Nagar G. T. Road Ludhiana Ludhiana
Telephone 01140511700 Punjab - 141003

LATEST FILINGS

LATEST ANNUAL RETURN 31 March, 2019

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

OLD NAMES OF THIS COMPANY

No previous names were found for this company.

OLD CINS OF THIS COMPANY

No previous cins were found for this company.

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INDUSTRY

Manufacturing (Machinery Equipments)

KYC INFORMATION as on 01 April, 2016

Company PAN AAACH8459F No. of Employees 0 - 20

FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2019

Revenues 1.37 cr EBITDA -54.35 lac

Profit After Tax -1.49 cr Networth 32.57 cr

AUDITORS as on 23 July, 2020

Auditor Type Signatory Name Year

JSSM Co Auditor Firm Shaina 31 March, 2019

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DIRECTORS AND KMP

23 July, 2020

CURRENT DIRECTORS as on 22 July, 2020

Directors name Date of appointment Designation

PANKAJ MUNJAL 26 September, 2001 Managing Director
GIAN PARKASH SOOD 30 August, 2004 Director
CHARU MUNJAL 30 June, 2010 Director / Promoter
PAWAN PURI 02 May, 2018 Director / Independent
ABHISHEK MUNJAL 10 April, 2020 Director

CURRENT KMP OTHER THAN

as on 22 July, 2020
DIRECTORS

Directors name Date of Designation

appointment
ROHIT MAHESHWARI 05 December, KMP
2016
Prerna Joshi 10 April, 2020 KMP

OTHER DIRECTORSHIPS as on 22 July, 2020

Directors name Company name Designation Date of appointment

PANKAJ MUNJAL PRAGATI TYRES Director 15 May, 2010
PRIVATE LIMITED
MUNJAL KIRIU Director 27 July, 2007
INDUSTRIES PRIVATE
LIMITED
FIREFOX BIKES Additional director 16 September, 2015
PRIVATE LIMITED
HERO ASSOCIATES Director 28 June, 2001
LIMITED
UT BIKES LIMITED Director 15 May, 2010
ZF HERO CHASSIS Director 16 December, 2008
SYSTEMS PRIVATE
LIMITED
BHAGYODAY Director 26 November, 1981
INVESTMENTS PVT LTD

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HERO CYCLES LIMITED Managing Director 01 June, 2006

HERO E-CYCLES Director 22 January, 2020
PRIVATE LIMITED
MUNJAL HOSPITALITY Director 08 January, 2007
PRIVATE LIMITED
CHARU MUNJAL AUMA F B CONCEPTS Director 15 July, 2011
PRIVATE LIMITED
HERO GLOBAL DESIGN Director 31 March, 2003
LIMITED
CGK DECOR PRIVATE Director 21 May, 2018
LIMITED
BHAGYODAY Director 15 May, 2010
INVESTMENTS PVT LTD
OMA LIVING PRIVATE Director 08 May, 2013
LIMITED
MUNJAL HOSPITALITY Whole-time director 08 January, 2007
PRIVATE LIMITED
PAWAN PURI SPUR TECHNOLOGIES Additional Director 21 October, 2015
PRIVATE LIMITED
AUMA F B CONCEPTS Director 15 February, 2018
PRIVATE LIMITED
UT BIKES LIMITED Director 05 May, 2017
MUNJAL LIGHT METALS Director 01 November, 2016
PRIVATE LIMITED
MUNJAL AVIATION Director 29 June, 2015
PRIVATE LIMITED
MUNJAL ALTERNATE Director 01 November, 2016
FUELS PRIVATE
LIMITED
ABHISHEK MUNJAL FIREFOX BIKES Director 05 May, 2017
PRIVATE LIMITED
OMA LIVING PRIVATE Director 16 December, 2019
LIMITED
HERO CYCLES LIMITED Director 16 November, 2019

PREVIOUS DIRECTORS / KMP as on 22 July, 2020

Directors name Date of Date of cessation Last designation Reason for leaving
appointment
AJAY PRATAP SINGH Not available 21 Apr 2007 Secretary Resignation
YOGESH CHANDER Not available 20 May 2010 Director Resignation
MUNJAL
ASHOK KUMAR MUNJAL Not available 20 May 2010 Director Resignation
SUNIL KANT MUNJAL Not available 20 May 2010 Director Resignation
VIKAS AGARWAL 30 Jun 2010 23 Nov 2010 Director Resignation

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SHASHI KANT RAI 18 Jun 2011 14 Aug 2014 Director Resignation u/s 168
SANDEEP DINODIA Not available 24 Dec 2014 Director Resignation u/s 168
OM PARKASH MUNJAL Not available 13 Aug 2015 Director Death
SANJAY Singh 11 Dec 2015 23 Feb 2016 Managing Director Resignation u/s 168
DEEPAK MOHLA 21 Apr 2012 20 Feb 2018 Director Resignation u/s 168

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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 63.37 97.46 821.65 1,268.54 28,440.17
EBITDA -54.35 -40.53 6.42 -12.63 922.94
Profit/Loss After Tax -148.65 -52.56 -2.63 -13.77 -3,494.35
Net Profit/Loss Margin -108.68% -29.33% -0.28% -1.06% -11.96%
Networth 3,257.43 3,406.09 3,458.66 3,472.49 25,513.81
ROE -4.56% -1.54% -0.08% -0.40% -13.70%
Days Receivable 171.00 88.00 21.00 16.00 48.00
Days Payable 551.00 327.00 59.00 114.00 52.00
Current Ratio 0.12 0.21 1.25 1.10 0.62
Debt to Equity Ratio 0.20 0.12 0.00 0.01 0.62

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 3,459.71 3,459.71 3,459.71 3,459.71
Other Equity -202.28 -53.62 -1.05 1.58
Non-Current Liabilities
Financial Liabilities
Borrowings - - - -
Trade Payables - - - -
Other Financial - - - -
Liabilities
Provisions 0.54 11.24 9.72 8.00
Deferred Tax Liabilities - - - 0.83
Other Liabilities - - - -
Current Liabilities
Financial Liabilities

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Borrowings 638.78 418.00 - -

Trade Payables 206.55 160.82 150.94 407.50
Other Financial 14.57 6.44 7.67 22.98
Liabilities
Provisions - - - -
Current Tax Liabilities - - - 3.36
Other Liabilities 9.05 11.99 4.17 5.44
Liabilities Associated With - - - -
Assets In Disposal Group
Regulatory Deferral - - - -
Account Credit Balances
Total Equity and 4,126.92 4,014.58 3,631.16 3,909.40
Liabilities
ASSETS
Non-Current Assets
Property, Plant and 4,019.60 2,787.50 2,325.80 2,331.93
Equipment
Capital Work-in-Progress - 69.06 69.06 69.06
Investment Property - - - -
Goodwill - - - -
Intangible Assets - - - -
Intangible Assets Under - - - -
Development
Financial Assets
Investments - - - -
Trade Receivables - - - -
Loans - - - -
Other Financial Assets - - - -
Deferred Tax Assets - - - -
Other Assets - 1,033.25 1,033.25 1,036.07
Current Assets
Inventories - - - -
Financial Assets
Investments - - - -
Trade Receivables 64.23 43.38 53.38 58.77
Cash and Cash 1.89 44.06 118.78 408.32
Equivalents
Other Bank Balances - - - -
Loans - - - 5.25
Other Assets - - - -
Current Tax Assets 23.13 16.01 8.30 -
Other Assets 18.07 21.32 22.59 -

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Noncurrent Assets Held - - - -

For Sale
Regulatory Deferral - - - -
Account Debit Balances
Total Assets 4,126.92 4,014.58 3,631.16 3,909.40

STANDALONE BALANCE SHEET Figures in INR Lacs

Particulars 31 March, 2016 31 March, 2015

EQUITY AND LIABILITIES
Shareholders Funds
Share Capital 3,459.71 10,409.71
Reserves and Surplus 12.77 15,104.10
Money Received Against - -
Share Warrants
Share Application Money - -
Pending Allotment
Non-Current Liabilities
Long Term Borrowings - 2,984.99
Deferred Tax Liabilities 0.83 -
Other Long Term - -
Liabilities
Long Term Provisions 8.00 457.93
Current Liabilities
Short Term Borrowings - 9,514.32
Trade Payables 407.50 4,176.11
Other Current Liabilities 18.25 3,369.17
Short Term Provisions 2.33 19.80
Total Equity and 3,909.40 46,036.13
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 2,331.93 19,673.42
Intangible Assets - 82.83
Capital 69.06 611.45
Work-in-Progress
Intangible Assets - -
Under Development
Non-Current Investments - 10,579.64
Deferred Tax Assets - -

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Long Term Loans and 1,036.07 2,140.56

Advances
Other Non-Current - 2,279.09
Assets
Current Assets
Current Investments - 73.46
Inventories - 3,371.68
Trade Receivables 58.77 3,907.22
Cash and Cash 408.32 778.10
Equivalents
Short Term Loans and 5.25 2,538.69
Advances
Other Current Assets - -
Total Assets 3,909.40 46,036.13

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 63.37 97.46 821.65 1,268.54
Other Income 73.41 81.77 105.38 32.09
Total Revenue 136.78 179.23 927.03 1,300.63
Cost of Materials - - - -
Consumed
Purchases of Stock in 60.69 68.00 720.64 1,012.55
Trade
Changes in Inventory - - - -
Employee Benefit 79.23 75.00 80.10 126.74
Expenses
Finance Costs 50.87 5.73 3.65 1.52
Depreciation and 43.43 6.30 6.23 6.51
Amortization
Other Expenses* 51.21 76.76 119.87 179.44
Total Expenses 285.43 231.79 930.49 1,326.76
Total Revneue Less -148.65 -52.56 -3.46 -26.13
Total Expenses
Prior Period and - - - -
Exceptional Items
Profit Before Tax -148.65 -52.56 -3.46 -26.13
Current Tax Expense - - - -
Deferred Tax Expense - - -0.83 -6.89

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Net Movement in - - - -
Regulatory Deferral
Account Balances
Profit From Continuing -148.65 -52.56 -2.63 -19.24
Operations
Profit From Discontinuing - - - -
Operations (After Tax)
Net Profit/Loss -148.65 -52.56 -2.63 -19.24
Other Comprehensive - - - -
Income
Total Comprehensive -148.65 -52.56 -2.63 -19.24
Income/Loss

STANDALONE PROFIT AND LOSS Figures in INR Lacs

Particulars 31 March, 2016 31 March, 2015

CONTINUING OPERATIONS
Revenue from operations 1,268.54 28,440.17
Other Income 32.09 787.80
Total Revenue 1,300.64 29,227.97
Cost of Materials - 19,580.05
Consumed
Purchases of Stock in 1,012.55 -
Trade
Changes in Inventory - 0.82
Employee Benefit 126.74 3,992.92
Expenses
Finance Costs 1.52 1,405.48
Depreciation and 6.51 3,001.40
Amortization
Other Expenses* 173.97 4,731.24
Total Expenses 1,321.30 32,711.91
Total Revneue Less -20.66 -3,483.94
Total Expenses
Prior Period and - -
Exceptional Items
Profit Before -20.66 -3,494.35
Extraordinary Items
Extraordinary Items - -
Profit Before Tax -20.66 -3,494.35
Current Tax Expense - -
Deferred Tax Expense -6.89 -

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Profit From Continuing -13.77 -3,494.35

Operations
Profit From Discontinuing - -
Operations (After Tax)
Net Profit/Loss -13.77 -3,494.35

IMPORTANT RATIOS

Particulars 31 March, 2019 31 March, 2018

Leverage Ratios
Total Debt/Equity Ratio 0.20 0.13
Total Assets/Equity Ratio 1.27 1.18
Total Debt/Total Assets 0.16 0.11
Ratio
Interest Coverage Ratio -1.92 -8.17
Liquidity ratios
Quick Ratio 0.00 0.07
Current Ratio 0.12 0.21
Performance ratios
Gross Margin 4.23% 30.23%
Net Margin -108.68% -29.33%
Return on Fixed Assets -3.70% -1.84%
Return on Equity -4.56% -1.54%
Return on Capital -4.56% -2.20%
Employed
Total Asset Turnover 0.03 0.04
Fixed Asset Turnover 0.02 0.03
Days Receivables 369 162
Outstanding
Days of Inventory 0 0

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COPYRIGHT

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DISCLAIMER

The present report is purely a summary of the contents and status of documents examined on an inspection of the
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Please note that the content of these documents have not been audited at our end and no representation or
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