MIRA
INFORM REPORT
|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED (w.e.f. 1993) |
|
|
|
|
Formerly Known
As : |
KRUPP INDUSTRIES
INDIA LIMITED |
|
|
|
|
Registered
Office : |
154C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai – 400 021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2011 |
|
|
|
|
Date of
Incorporation : |
23.01.1947 |
|
|
|
|
Com. Reg. No.: |
11-005508 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.97.865 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1947PTC005508 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET03957C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Sugar Mill Machinery and Cement
Machinery. |
|
|
|
|
No. of
Employees: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 17340000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Thyseenkrupp Technologies AG. It is having good track. Financially company performing well.
Fundamental seems strong. Trade relations are reported to be fair. Business is active. Payments are reported
to be regular and as per commitments. The company can
be considered for 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
AA (Long Term Non Fund) |
|
Rating Explanation |
Having high degree of safety regarding timely
servicing of financial obligation it carry very low credit risk. |
|
Date |
September 2011 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Gopal Prabhu |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9822479741 |
|
Date : |
12.09.2012 |
LOCATIONS
|
Registered Office/Factory : |
154 C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai – 400 021, |
|
Tel. No.: |
91-22-27425461/22020064 |
|
Mobile No.: |
91-9822479741 (Mr. Gopal Prabhu) |
|
Fax No.: |
91-22-22044025/22026837 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Head Office /
Factory 2: |
Located at
Pimpri, Pune-411018, |
|
Tel. No.: |
91-20-27425461 /
2 / 3 / 4 |
|
Fax No.: |
91-20-27425350 |
|
E Mail : |
|
|
|
|
|
Factory 3 : |
Cherlapally,
Hyderabad-500051, |
|
Tel. No.: |
91-40-27263540 |
|
Fax No.: |
91-40-27263162 |
|
E-Mail : |
DIRECTORS
As on 12.03.2012
|
Name : |
Shehata Ramsis Shehata |
|
Designation : |
Director |
|
Address : |
28, Strathaven Mews SW, |
|
Date of Birth/Age : |
06.05.1951 |
|
Date of Appointment : |
23.05.2003 |
|
Din No.: |
00480010 |
|
|
|
|
Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11, |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
01.01.1978 |
|
Din No.: |
00403834 |
|
Election Commission Identity Card No: |
MT/42/250/486422 |
|
|
|
|
Name : |
Mr. Detlev Walter
Rose |
|
Designation : |
Director |
|
Address : |
Saarlandstrasse 6
Olelde, GermanyD-59302 |
|
Date of Birth/Age : |
23.05.1962 |
|
Date of Appointment : |
13.11.2007 |
|
Din No.: |
01928197 |
|
|
|
|
Name : |
Mr. Vinod Jamnadas Mehta |
|
Designation : |
Director |
|
Address : |
20A Thakur Nivas, Co-Operative Housing Society, 173, |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
20.02.1990 |
|
Election Commission Identity Card No: |
MT/04/024/102891 |
|
|
|
|
Name : |
Mr. Premal Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Haveli, 19, L D Ruparel Marg, Mumbai-400006, |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
12.07.1999 |
|
DIN No. : |
00042090 |
|
Election Commission Identity Card No: |
MT/04/024/096081 |
|
|
|
|
Name : |
Mrs. Pallavi Arvind Parikh |
|
Designation : |
Director |
|
Address : |
333, |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
05.02.1999 |
|
DIN No. : |
00107779 |
|
|
|
|
Name : |
Mr. Vikram Mahendra Swarup |
|
Designation : |
Director |
|
Address : |
2 B, |
|
Date of Birth/Age : |
16.09.1948 |
|
Date of Appointment : |
19.12.2008 |
|
DIN No. : |
00163543 |
|
|
|
|
Name : |
Mr. Noshir Dosabhai Kamdin |
|
Designation : |
Director |
|
Address : |
C-4, |
|
Date of Birth/Age : |
06.06.1936 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No. : |
00407835 |
|
Election Commission Identity Card No. : |
MH/42/250/489403 |
|
|
|
|
Name : |
Mr. Doraiswamy Padmanabhan |
|
Designation : |
Managing Director |
|
Address : |
Row House, H – 2, Shirin Gardens, Opp. ITI, Baner Road, Aundh, Pune-411007,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1946 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No. : |
00407935 |
|
|
|
|
Name : |
Mr. Vijaykumar Bhanwarlal Kanthed |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 1, Ramkunj, ICS Colony, |
|
Date of Birth/Age : |
18.09.1946 |
|
Date of Appointment : |
09.03.2001 |
|
DIN No. : |
01144690 |
|
|
|
|
Name : |
Mr. Malaykumar Mahendrachandra Das |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 14, Sector – A, Vrundavan Co-operative Housing Society
Limited, Off |
|
Date of Birth/Age : |
04.12.1950 |
|
Date of Appointment : |
09.03.2001 |
|
00408084 |
|
|
|
|
|
Name : |
Dr. Michael H Thiemann |
|
Designation : |
Alternate Director to Mr. Detlev Rose |
|
Address : |
Flat 409/410, Samudra Mahal Premises CHS Limited, |
|
Date of Birth/Age : |
25.08.1946 |
|
Date of Appointment : |
13.11.2007 |
|
DIN No. : |
00061988 |
|
|
|
|
Name : |
Mr. Sivasubramanian Natarajan |
|
Designation : |
Whole Time Director |
|
Address : |
Solitaira Apartments, Flat No.101, TPS 4 Raod No.6, Opposite Almeida Park,
Bandra (West), Mumbai -400050, Maharashtra |
|
Date of Birth/Age : |
09.07.1959 |
|
Date of Appointment : |
06.09.2011 |
|
DIN No. : |
03632901 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Khushroo Jal Dastoor |
|
Designation : |
Company Secretary |
|
Address : |
A 806, |
|
Date of Birth/Age : |
09.06.1955 |
|
Date of Appointment : |
02.03.1998 |
|
PAN No. : |
AARPD5292N |
|
Election Commission Identity Card No. : |
MT / 0042 / 0251 / 111484 |
|
|
|
|
Name : |
Mr. Gopal Prabhu |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.03.2012
|
Names of Shareholders |
No. of Shares |
|
Buckau Walther |
535583 |
|
Protos
Engineering Company Private Limited, |
163456 |
|
Shefali N. Kapadia |
5168 |
|
Shefali N. Kapadia |
5112 |
|
Narendrkumar
J Girme |
5458 |
|
Jayprakash J
Girme |
5458 |
|
Vijaykumar Suresh |
7071 |
|
Bwi Equity |
1058 |
|
Melvin Powell Vanaspati and Engineering Industries Limited, |
1254 |
|
Paharpur Corporation Limited, |
2474 |
|
Paharpur Cooling
Towers Limited, |
81532 |
|
Bright Holdings
and Trading Company Private Limited, |
67856 |
|
Mina P Parikh |
1032 |
|
Mina P Parikh |
1499 |
|
Neerja A Parikh |
1172 |
|
Pallavi Arvind Parikh |
1758 |
|
Neerja A Parikh |
4779 |
|
PBC Ventures Limited, |
23650 |
|
Wist Trade Private Limited, |
5091 |
|
Gaurav Mahndra Swarup |
2334 |
|
Vikram Mahndra Swarup |
2334 |
|
Gyan Mahndra Swarup |
2334 |
|
Gyan Mahndra Swarup |
2334 |
|
Kusumben Ramanlal Gandhi |
1267 |
|
Parag M Shah |
800 |
|
Mahendra Ramanlal Gandhi |
4867 |
|
Utsav R Kapadia |
156 |
|
Ananndi Vangal |
156 |
|
Rekha H Kapadia |
156 |
|
Nini H Kothari |
156 |
|
Gouri Bipin Mistry |
156 |
|
Harshadray Private Limited, |
20196 |
|
Mahnedra Ramanlal Gandhi |
1690 |
|
Mahnedra Ramanlal Gandhi |
280 |
|
Kusumben Ramanlal Gandhi |
2636 |
|
Mahnedra Ramanlal Gandhi |
1970 |
|
Mahnedra Ramanlal Gandhi |
5970 |
|
Parag M Shah |
2636 |
|
Renu M Gandhi |
667 |
|
Pallavi Arvind Parikh |
1667 |
|
Premal Narendra Kapadia |
3427 |
|
Total |
978650 |
As on 12.03.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
54.73 |
|
Bodies corporate |
|
37.35 |
|
Directors or relatives of directors |
|
5.56 |
|
Other top fifty shareholders |
|
2.36 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Sugar Mill Machinery and Cement
Machinery. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
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|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
· Sugar Mill Machinery ·
Cement Machinery |
||||||||
|
Countries : |
·
·
Gulf Countries |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw material |
||||||||
|
Countries : |
·
·
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash/Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash/Credit |
PRODUCTION STATUS As on 30.09.2011
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual Production |
|
Sugar mill machinery, specialised conveying equipment, cement plant machinery, dispersion and reaction machines (Supraton), mobile, semi-mobile, portable crushing and screening plants and crushers, screens and feeders, sponge iron plants, machinery and equipments |
12,000 tonnes per annum |
Available to meet licence conditions |
Parts for plants within installed capacity |
|
High speed semi-automatic, fully automatic and continuous centrifugal machines |
160 Nos. |
Available to meet licence conditions |
94 Nos. |
|
Closed system compost plant |
One or more plants upto 300 tonnes/day for Rs. 5.00 million annually within the existing capacity of sugar machinery and calciner plant. |
Available to meet licence conditions |
-- |
|
Steam tube calciner drier on maximum utilisation of plant and machinery |
Rs. 8.00 million |
-- |
-- |
|
Breweries and malteries |
Rs. 10.00 million within the existing capacity of sugar machinery and calciner plant |
Available to meet licence conditions |
-- |
|
Bagasse drying machinery and equipments |
300 tonnes per annum within the existing capacity of sugar machinery |
Available to meet licence conditions |
-- |
|
FBC Boilers (Bubbling bed type and circofluid type) from 20 TPH to 200 TPH capacities for multi-fuel firing |
2500 M.T. per annum within the existing capacity of sugar machinery |
Available to meet licence conditions |
Parts for plants within installed capacity |
|
Fruit Juices Machinery, Alcohol Machinery and Alcoholic Beverages Machinery |
4000 M.T. per annum within the existing capacity of sugar machinery |
Available to meet licence conditions |
Parts for plants within installed capacity |
GENERAL INFORMATION
|
Suppliers : |
·
Steal authority of ·
Jindal Limited ·
ABB Group |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
Wholesalers, Retailers ·
Aditya Birla Group ·
·
NTPC Limited |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
1500 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Bank
of ·
Syndicate
Bank, 10, ·
Bank
of ·
Central
Bank of ·
State
Bank of Tranvacore, 1248/A, ·
Union
Bank of ·
Bank
of Baroda, Jangli Maharaj Road, Opposite Modern High School, Shivajinagar,
Pune – 411004, Maharashtra, India ·
Syndicate
Bank, 1216/A, ·
Deutsche
Bank, Hazarimal Somani Marg, Fort Mumbai-400001, ·
Export
Import Bank of India, Center One Building, Floor – 21, World Trade Centre
Complex, Cuffe Paraade, Mumbai – 400005, ·
IDBI
Bank ·
HSBC
Bank ·
Bank
of ·
HDFC
Bank Limited ·
Commerz
Bank ·
ABN
Amro Bank N.V. ·
State
Bank of ·
ICICI
Bank Limited ·
Royal
Bank of |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse
and Company Chartered
Accountants |
|
Address : |
|
|
|
|
|
Holding Company: |
Buckau Walther GmbH |
|
|
|
|
Ultimate Holding
Company: |
ThyssenKrupp AG |
|
|
|
|
Fellow
Subsidiary : |
·
ThyssenKrupp Fördertechnik GmbH ·
Polysius AG ·
ThyssenKrupp Forging Group ·
Krupp Canada Inc. ·
Polysius Shanghai ·
ThyssenKrupp Materials Logistic and Services ·
Berco Undercarriages India Private Limited ·
Rothe Erde GmbH ·
ThyssenKrupp Marine System ·
Polysius SAS ·
ThyssenKrupp Elevators India Private Limited ·
Uhde India Private Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- Each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
978650 |
Equity Shares |
Rs.100/- Each |
Rs.97.865
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
97.870 |
97.870 |
97.865 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4236.650 |
3462.670 |
2873.935 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4334.520 |
3560.540 |
2971.8 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
377.120 |
776.687 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
377.120 |
776.687 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4334.520 |
3937.660 |
3748.487 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
815.160 |
673.470 |
612.231 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
69.200 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.200 |
4.200 |
|
|
DEFERREX TAX ASSETS |
66.560 |
40.110 |
7.050 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2816.530
|
2782.260 |
1609.774
|
|
|
Sundry Debtors |
6107.710
|
5461.430 |
3951.081
|
|
|
Cash & Bank Balances |
4961.250
|
4372.640 |
2724.760
|
|
|
Other Current Assets |
700.790
|
777.670 |
768.517
|
|
|
Loans & Advances |
1590.890
|
2134.450 |
1228.186
|
|
Total
Current Assets |
16177.170
|
15528.450 |
10282.318 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3615.240
|
3022.800 |
2268.061
|
|
|
Other Current Liabilities |
8135.760
|
8318.770 |
3906.710
|
|
|
Provisions |
973.570
|
963.000 |
1051.741
|
|
Total
Current Liabilities |
12724.570
|
12304.570 |
7226.512 |
|
|
Net Current Assets |
3452.600
|
3223.880 |
3055.806 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4334.520 |
3937.660 |
3748.487 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
17413.765 |
10849.885 |
8080.430 |
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX AND EXCEPTIONAL ITEMS |
1551.533 |
1083.884 |
805.498 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL
ITEMS |
40.449 |
40.452 |
133.866 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1591.982 |
1124.336 |
939.364 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
505.212 |
353.012 |
309.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1086.770 |
771.324 |
629.980 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
136.815 |
123.465 |
112.170 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
269.129 |
156.584 |
127.225 |
|
|
|
Tax on Dividend |
43.659 |
26.007 |
21.622 |
|
|
|
Transfer to General Reserve |
758.335 |
575.383 |
469.838 |
|
|
BALANCE CARRIED
TO THE B/S |
152.462 |
136.815 |
123.465 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1671.984 |
927.288 |
387.956 |
|
|
|
Export Services |
65.504 |
82.337 |
121.571 |
|
|
TOTAL EARNINGS |
1737.488 |
1009.625 |
509.527 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
385.468 |
782.591 |
226.404 |
|
|
|
Components |
408.421 |
201.192 |
309.617 |
|
|
|
Stores & Spares |
13.432 |
15.156 |
3.279 |
|
|
|
Capital Goods |
38.453 |
3.052 |
1.081 |
|
|
TOTAL IMPORTS |
845.774 |
1001.991 |
540.381 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1110.48 |
788.15 |
643.72 |
|
|
Particulars |
|
|
30.09.2012 |
|
Sales Turnover(Approximately) |
|
|
17500.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.20000.000 Millions
The above information has been parted by Mr. Gopal
KEY RATIOS
|
PARTICULARS |
|
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
9.14 |
10.36
|
11.63
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.37 |
6.94
|
8.62
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.32
|
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.94 |
3.56
|
2.69
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.26
|
1.42
|
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
Yes |
|
External Agency
Rating, if available |
Yes |
SUNDRY CREDITORS
DETAILS:
(Rs. In Millions)
|
Particulars |
30.09.2011 |
30.09.2010 |
30.09.2009 |
|
|
|
|
|
|
Sundry Creditors due to Micro, Small and Medium Enterprises |
48.930 |
45.450 |
|
|
Sundry Creditors due to Others |
3565.310 |
2977.350 |
|
|
Total |
3614.240 |
3022.800 |
2268.061 |
REVIEW OF BUSINESS
ENVIRONMENT
Year 2010-11
During the year, the world economy was gradually coming out of the down turn.
However, suddenly the situation has worsened in recent months due to economic
woes of some European developed countries and downgrade of US sovereign bonds
by Credit Rating Agency which created havoc in the global financial markets.
Impact on
Infrastructure, construction and power sectors continued to contribute
to the growth factor of the Indian economy.
In spite of the slowdown conditions, which has affected all engineering
companies, the Company was able to receive orders. With the additional
investments made by the company, the company could improve productivity, reduce
delivery time, update technology for improved project execution and reduce
costs which resulted in its better performance.
OUTLOOK FOR
2011-12
The Government policy for initiating and regulating investment in power,
infrastructure, construction, mines augur good for the Company.
The rising inflationary trend and the frequent increase of the repo and
reverse repo rates by the Reserve Bank of India has resulted in increase in
interest rates leading to a slump in demand for housing as well as fresh
investments in new projects. Borrowings have become dearer and in spite of the
Government announcing an enhanced infrastructure spending for the 12 th five
year plan, the actual expenditure is lagging behind.
For improved and efficient working, the company, with efficient working
capital management, is emphasizing on timely execution of orders within the
estimated and budgeted costs. Effective measures have been taken for research
and development which will enable it to gain a competitive edge over other
competition, which is intensifying and affecting the company’s margins.
Investments made by the Company by way of addition in the capacity at
Pimpri and
Human Resource Management continues to be a challenge and the company is
taking adequate measures to retain and attract skilled, qualified and
experienced manpower. Company has also undertaken initiatives for upgrading the
skills of the employees by arranging various training programmes.
The company continues to focus on Research and Development, effective
project management, cost control measures, optimum utilization of added
capacities, in house manufacturing, better market studies and exploring export
markets, which will contribute to its further success.
TURNOVER (SALES
AND OTHER INCOME) AND PROFIT
Turnover for the year 2010-11 stands at Rs.17413.765 million (previous
year Rs. 10849.885 million) recording a growth of 60.50% over previous year.
Profit before tax and before exceptional item is Rs.1551.533 million (previous
year Rs. 1083.884 million) and profit before tax and after exceptional item is
Rs.1591.982 million (previous year Rs.1124.336 million) and post tax profit at
Rs.1086.770 million (previous year Rs.771.324 million) recording a growth of 43.15%,
41.59% and 40.90% respectively.
DIVISIONAL
PERFORMANCE
Material Handling
Division
In spite of the economic slowdown, the outlook for the country’s power
and utilities sector for 2011 remains stable due to strong demand for power,
continued investor interest in augmenting generation capacity and no
unfavourable changes in the regulatory regime.
The Twelfth Five Year Plan envisages an addition in coal and lignite
based capacity of 76,500 MW. The company will have greater business opportunity
in Power Sector.
Ports, Mining and Steel continued to be the important sectors for the
Company’s business opportunities.
With a positive market demand and environmental regulations gaining
importance, the Company could look forward to good business
opportunities to sell its range of Port Handling Equipment.
Highlights of the
major orders received during the year:
Hindalco
Industries Limited for Supply, Civil Work, Erection, Testing and Commissioning of CHP Package
for Captive Power Plant (6 × 150 MW) at Lapanga for a price of Rs.2934.5
Million.
Uttar Pradesh
Rajya Vidyut Nigam Limited for 2 Nos. Wagon Tippler Complex with Associated
facilities for Anpara TPS ‘D’ Stage for a price of Rs.535.2 Million.
GMR Kamalanga
Energy Limited for Wagon Tippler Package for 4x350 MW GMR Kamalanga Thermal Power
project at Dhenkanal District, Orissa for a price of Rs.455.430 Million.
Neyveli Lignite
Corporation Limited for Mine II – Rejuvenation of Bucket Wheel
Excavator 146 and 147 for Mechanical Portion for a price of Rs.88.90 Million.
McNally Bharat
Engineering Company Limited for supply of Plough Feeder (Silo Discharge Type)
of capacity 3000 TPH for handling Coal material for a price of Rs.60 Million.
FL Smidth Private
Limited for supply and supervision of erection and commissioning of Vibrating
Greezly Feeder for a total price of Rs.11.5 Million.
FL Smidth Private
Limited for supply and supervision of erection and commissioning of Double Roll
Crusher for a total price of Rs.21 Million.
Chettinad Cement
Limited. - for design, manufacture and supply of Limestone Crushing System for a
total price of Rs.112 Million.
The following important projects are in various stages of the
implementation:
Coastal Energen Private Limited - Coal Handling System for 2 X 600 MW
Thermal Power Plant, Tuticorin, Tamil Nadu.
Coastal
Damodar Valley
Corporation - for the Coal Handling Plant package for 2 x 500 MW
Uttar Pradesh
Rajya Vidyut Nigam Limited - for the Coal Handling Plant package for 2 x 250
MW Harduaganj Thermal Power Station.
AS PER WEB SITE DETAILS
OVERVIEW
Subject
(TKII) in the last five decades has grown to become one of the most trusted
names in the fields of Sugar Plants and Machinery, Open Cast Mining and Bulk
Material Handling Systems, Cement Plants and Machinery and Industrial Boilers
and Power plants. Today with strong foundations and access to world-class
technology TKII’s plantmaking capabilities are helping the industry become
competitive world over.
TKII’s
strategic vision as an EPC Contractor to execute turnkey projects is derived
from its core strength of integrated engineering expertise and automation in
manufacturing backed by an excellent team of project executives.
The company
firmly believes in delivering total customer satisfaction spanning from concept
to commissioning to after sales service.
TKII’s
highly competent project management capabilities are a result of its tradition
of anticipating and fulfilling specific customer requirements. A highly
qualified team of engineers and technicians, supported by the most modern IT
infrastructure ensures the brand of quality that ThyssenKrupp is known for
worldwide. The emergence of a true market leader speaks volumes about the
world-class technology inherent in the company's products. The company's
nationwide branch network along with the support of ThyssenKrupp's global
establishments enable it to meet the needs of customers on time
MILESTONES
2007 -2008 Golden Jubilee of ThyssenKrupp Industries
2006 Two orders each for 50 MW Power
Plant – EPC – AdityaBirla Group
2004 Cement plant export order:Gulf Cement Ras Al Khaimah and Al
1994 Machinery and equipment for edible oil plant
1990 Licence Agreement with Deutsche
Babcock for CFBC Boliers upto 200 TPH
1988 Establishment of second manufacturing facility at
1986 Machinery and equipment for sponge iron plant
1981 First order from Coromandel Cement in collaboration with Polysius AG
1978 Development of In-house technology for boilers up to 60 TPH
1976 Bagged first order open cast mining spreader – Neyveli Lignite
Corp.
1975 First major export order for complete sugar plant refinery to
1974 Machinery and equipment for Compost plant for house refuse
1970 Machinery and equipment for Brewery
1968 Machinery and equipment for Calciner plant
1962 Machinery and equipment for complete sugar plant
1957 Construction of workshop building, installation of machinery
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
|
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.