MIRA INFORM REPORT

 

 

Report Date :

06.04.2013

 

IDENTIFICATION DETAILS

 

Name :

ATLAS COPCO (INDIA) LIMITED

 

 

Registered Office :

Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

28.01.1960

 

 

Com. Reg. No.:

25-020566

 

 

Capital Investment / Paid-up Capital :

Rs. 225.616 Millions

 

 

CIN No.:

[Company Identification No.]

U27106PN1960PLC020566

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEA07306F

 

 

PAN No.:

[Permanent Account No.]

AAACA4074D

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of Air & Gas Compressors, Pneumatic Tools, Spares and Accessories.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (63)

 

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 33000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well established and reputed company having a good track record. The company has changed its date of annual return from last year.

 

The financial position of the company appears to be strong. Performance capability is high. Liquidity position is good. 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 normal for business dealings at usual trade terms and condition.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 30, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

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.

 

 

LOCATIONS

 

Registered/ Corporate/ Head Office/ Factory 1 :

Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra, India

Tel. No.:

91-20-30722222/ 39852100/ 39852543

Fax No.:

91-20-27147928/ 39852070/ 39852016

E-Mail :

Anant.bavare@in.atlascopco.com

anand.daga@in.atlascopco.com

investors.grievances@in.atlascopco.com

Website :

www.atlascopco.in

 

 

Factory 2 :

Plot No. 90, MIDC, Industrial Area, Satpur, Nashik - 422007, Maharashtra, India

 

 

Factory 3 :

301/302 LBS Marg, Mulund (West), Mumbai – 400080, Maharashtra, India

 

 

Factory 4 :

146/2, Sector-I, Lane 8, IDA, Phase – II, Cherlapally, Hyderabad – 500051, Andhra Pradesh, India

 

 

DIRECTORS

 

AS ON 03.09.2012

 

Name :

Filip A J Vandenberghe

Designation :

Managing director

Address :

Hendrik Consciencestraat 21 2970, Belgium

Date of Birth/Age :

10.08.1953

Date of Appointment :

20.03.2009

DIN No.:

02644579

 

 

Name :

Mr. Anilkumar Jewraj Hirjee

Designation :

Director

Address :

Flat No. 9, Battery House, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

14.05.1939

Date of Appointment :

20.12.1988

Voter ID No.:

MT/024/231668

DIN No.:

00044765

 

 

Name :

Rolf Hans Ola Meyer

Designation :

Director

Address :

Hoglidsvagen 7, 182 47, Enebybero Sweden, Europe

Date of Birth/Age :

31.01.1955

Date of Appointment :

09.03.2007

DIN No.:

01385028

 

 

Name :

Birgitta Jeanette Livijn

Designation :

Director

Address :

Langangsvagen 20B. 182 75 Stocks land, Sweden, Europe 

Date of Birth/Age :

05.03.1963

Date of Appointment :

30.07.2009

DIN No.:

02760032

 

 

KEY EXECUTIVES

 

Name :

Mr. Anant Narayan Bavare

Designation :

Company Secretary

Address :

S. No. 22/1, Kamal City, Flat No. C-305, Near Rajas Society Katraj, Pune – 411046, Maharashtra, India

Date of Birth/Age :

13.07.1974

Date of Appointment :

04.06.2012

PAN No.:

AIYPB9758Q

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 03.09.2012

 

SHAREHOLDING DETAILS FILE ATTACHED

 

 

AS ON 03.09.2012

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Nationalised or other banks

 

0.01

Mutual funds

 

0.01

Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]

 

96.51

Bodies corporate

 

0.05

Other top fifty shareholders

 

0.02

Others

 

3.40

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of Air & Gas Compressors, Pneumatic Tools, Spares and Accessories.

 

 

Products :

ITC Code

Product Descriptions

8414.40

Air & Gas Compressors

8207.11

Pneumatic Tools

8414.90

Spares

8467.89

Accessories

 

 

PRODUCTION STATUS (AS ON 31.03.2012)

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production Qty.

A. Manufactured

 

 

 

 

Air, gas and screw compressors and dryers

Nos.

11,500

11,500

12,234

Pneumatic tools

Nos.

75,000

75,000

60,573

Rock drilling equipments

Nos.

16,900

16,900

27,277

Road construction equipments

Nos.

1,000

1,000

688

 

 

 

 

 

B. Trading

 

 

 

 

Pneumatic tools

Nos.

--

--

38,275

 

Notes:

(1) The licensed capacity is as represented by the management and relied upon by the auditors.

(2) The installed capacity has been certified by the Management and relied upon by the auditors, this being a technical matter.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

Ø  Citibank N.A., First Floor, Onyx Towers, Near Westin Hotel, North Main Road, Koregaon Park, Pune - 411001, Maharashtra, India

Ø  Citibank N.A., Parmar House, 2413, East Street Camp, Pune - 411001, Maharashtra, India

 

 

Facilities :

 

Secured Loans

31.03.2012

(15 Months)

31.12.2010

(12 Months)

 

(Rs. In Millions)

Working capital loans banks secured

157.273

116.142

Total

157.273

116.142

 

Footnotes

 

(A) Cash Credit. Secured by hypothecation of the Company's Stock in Trade and Receivables (both present and future)

 

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

706, B Wing, 7th Floor, ICC Trade Tower Senapati Bapat Road, Pune – 411016, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AABFD7919A

 

 

Holding Company :

Atlas Copco AB, Sweden

 

 

Common Control (List of companies with whom there were transactions during the year) :

Ø  ABAC Aria Compressa S.p.A., Italy

Ø  Air Compressors and Tools Limited, United Kingdom

Ø  Atlas Copco (Botswana) (Pty) Limited, Botswana

Ø  Atlas Copco (China) Investment Company Limited, China

Ø  Atlas Copco (Cyprus) Limited, Cyprus

Ø  Atlas Copco (Malaysia) Sdn. Bhd., Malaysia

Ø  Atlas Copco (N.Z.) Limited, New Zealand

Ø  Atlas Copco (Nanjing) Construction and Mining Equipment Limited, China

Ø  Atlas Copco (Philippines) Inc. Philippines

Ø  Atlas Copco (Schweiz) AG Switzerland

Ø  Atlas Copco (Shanghai) Process Equipment Company Limited, China

Ø  Atlas Copco (Shanghai) Trading Company Limited, China

Ø  Atlas Copco (Shenyang) Construction and Mining Equipment Limited, China

Ø  Atlas Copco (South East Asia) Pte Limited, Singapore

Ø  Atlas Copco (Thailand) Limited, Thailand

Ø  Atlas Copco (Wuxi) Compressor Company Limited, China

Ø  Atlas Copco (Wuxi) Exploration Equipment Limited, China

Ø  Atlas Copco (Zambia) Limited, Zambia

Ø  Atlas Copco (Zhangjiakou) Construction and Mining Equipment Limited, China

Ø  Atlas Copco A.D., Serbia

Ø  Atlas Copco AB, Sweden

Ø  Atlas Copco Airpower N.V., Belgium

Ø  Atlas Copco Angola Lda, Angola

Ø  Atlas Copco Anlegg- og Gruveteknikk A/S, Norway

Ø  Atlas Copco Application Center Europe GmbH, Germany

Ø  Atlas Copco Argentina S.A.C.I., Argentina

Ø  Atlas Copco ASAP N.V., Belgium

Ø  Atlas Copco Assembly Systems LLC, USA

Ø  Atlas Copco Australia Pty Limited, Australia

Ø  Atlas Copco Bangladesh Limited, Bangladesh

Ø  Atlas Copco Belgium N.V., Belgium

Ø  Atlas Copco BLM S.R.L., Italy

Ø  Atlas Copco Brasil Ltda, Brazil

Ø  Atlas Copco Bulgaria EOOD, Bulgaria

Ø  Atlas Copco Canada Inc., Canada

Ø  Atlas Copco Central America SA, Panama

Ø  Atlas Copco Central Asia LLP, Kazakhstan

Ø  Atlas Copco Chilena S.A.C., Chile

Ø  Atlas Copco China/Hong Kong Limited, Hong Kong

Ø  Atlas Copco CMT and CT Nigeria Limited, Nigeria

Ø  Atlas Copco CMT Sweden AB, Sweden

Ø  Atlas Copco Colombia Ltda, Colombia

Ø  Atlas Copco Compressor AB, Sweden

Ø  Atlas Copco Compressors LLC, USA

Ø  Atlas Copco Compressuers SAS, France

Ø  Atlas Copco Comptec LLC, USA

Ø  Atlas Copco Construction Mining Technique USA LLC, USA

Ø  Atlas Copco Construction Tools AB, Sweden

Ø  Atlas Copco Construction Tools GmbH, Germany

Ø  Atlas Copco Craelius AB, Sweden

Ø  Atlas Copco Crepelle S.A.S., France

Ø  Atlas Copco Customer Finance AB, Sweden

Ø  Atlas Copco D.O.O., Croatia

Ø  Atlas Copco DRC SPRL, Congo

Ø  Atlas Copco Drilling Solutions LLC, USA

Ø  Atlas Copco Eastern Africa Limited, Kenya

Ø  Atlas Copco Energas GmbH, Germany

Ø  Atlas Copco Equipment Egypt S.A.E., Egypt

Ø  Atlas Copco Forage et Construction S.A.S., France

Ø  Atlas Copco Ges. m.b.H , Austria

Ø  Atlas Copco Ghana Limited, Ghana

Ø  Atlas Copco Hellas AE, Greece

Ø  Atlas Copco Holdings South Africa (Pty) Limited, South Africa

Ø  Atlas Copco Hurricane LLC, USA

Ø  Atlas Copco Italia S.p.A., Italy

Ø  Atlas Copco KK, Japan

Ø  Atlas Copco Kompressorteknik A/S, Denmark

Ø  Atlas Copco Limited, United Kingdom

Ø  Atlas Copco Mafi-Trench Company LLC, USA

Ø  Atlas Copco MAI GmbH, Austria

Ø  Atlas Copco Makinalari Imalat AS, Turkey

Ø  Atlas Copco Mali Sarl, Mali

Ø  Atlas Copco Maroc SA, Morocco

Ø  Atlas Copco MCT GmbH, Germany

Ø  Atlas Copco Mexicana S.A. de C.V., Mexico

Ø  Atlas Copco Mfg. Korea Company Limited, South Korea

Ø  Atlas Copco MiddleEast FZE, UAE

Ø  Atlas Copco Mongolia LLC, Mongolia

Ø  Atlas Copco Nederland B.V., Netherlands

Ø  Atlas Copco Pakistan (Pvt) Limited, Pakistan

Ø  Atlas Copco Peruana SA, Peru

Ø  Atlas Copco Polska Sp. Z.o.o., Poland

Ø  Atlas Copco Powercrusher GmbH, Austria

Ø  Atlas Copco Rental Europe N.V, Belgium

Ø  Atlas Copco Rental LLC, USA

Ø  Atlas Copco Rock Drills AB, Sweden

Ø  Atlas Copco Romania S.R.L., Romania

Ø  Atlas Copco S.A.E., Spain

Ø  Atlas Copco s.r.o., Czech Republic

Ø  Atlas Copco Secoroc AB, Sweden

Ø  Atlas Copco Secoroc LLC, USA

Ø  Atlas Copco Services Middle East OMC, Bahrain

Ø  Atlas Copco Services Middle East SPC, UAE

Ø  Atlas Copco South Africa (Pty) Limited, South Africa

Ø  Atlas Copco Taiwan Limited, Taiwan

Ø  Atlas Copco Tanzania Limited, Tanzania

Ø  Atlas Copco Tools AB, Sweden

Ø  Atlas Copco Tools Central Europe GmbH, Germany

Ø  Atlas Copco Venezuela SA, Venezuela

Ø  Atlas Copco Vietnam Company Limited ,Vietnam

Ø  Atlas Copco Zimbabwe (Private) Limited, Zimbabwe

Ø  BeaconMedaes LLC, USA

Ø  Ceccato Aria Compressa S.p.A,. Italy

Ø  Chicago Pneumatic Construction Equipment AB, Sweden

Ø  Chicago Pneumatic Tool Company LLC, USA

Ø  Compresseurs Worthington Creyssensac S.A.S., France

Ø  Desoutter GmbH, Germany

Ø  Dynapac (China) Compaction and Paving Eq. Company Limited, China

Ø  Dynapac AB, Sweden

Ø  Dynapac Brasil Industria e Comercio Ltda, Brazil

Ø  Dynapac Compaction & Paving Equipment (India) Private Limited, India

Ø  Dynapac Compaction Equipment AB, Sweden

Ø  Dynapac GmbH, Germany

Ø  ETS Georges Renault S.A.S., France

Ø  Fuji AirTools Company Limited, Japan

Ø  Greenfield AG, Switzerland

Ø  Intermech Limited, New Zealand

Ø  Liuzhou Tech Machinery Company Limited, China

Ø  Medaes Limited, United Kingdom

Ø  Oy Atlas Copco Kompressorit Ab, Finland

Ø  Oy Atlas Copco Rotex Ab, Finland

Ø  PowerTools Distribution n.v,. Belgium

Ø  PT Atlas Copco Fluidcon, Indonesia

Ø  PT Atlas Copco Indonesia, Indonesia

Ø  Quincy Compressors Inc., USA

Ø  Shanghai Tooltec Industrial Tool Company Limited, China

Ø  Shenyang Rui Feng Machinery Limited, China

Ø  Sociedade Atlas Copco de Portugal Lda, Portugal

Ø  SPA Atlas Copco Algerie, Algeria

Ø  TBB Industrial Tools Services GmbH, Germany

Ø  Atlas Copco Boliviana SA, Bolivia

Ø  Tooltec (Qingdao) Tool Company Limited, China

Ø  Vibratechniques S.A.S., France

Ø  Wuxi Pneumatech Air/Gas Purity Equipment Company Limited, China

Ø  ZAO Atlas Copco, Russia

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2012

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25,000,000

Equity Shares

Rs. 10/- each

Rs. 250.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

22,561,564

Equity Shares

Rs. 10/- each

Rs. 225.616 Millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2012 (15 Months)

31.12.2010 (12 Months)

31.12.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

225.616

225.616

225.616

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

8028.779

5918.972

4392.304

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

8254.395

6144.588

4617.920

LOAN FUNDS

 

 

 

1] Secured Loans

157.273

116.142

188.345

2] Unsecured Loans

1209.905

76.981

765.693

TOTAL BORROWING

1367.178

193.123

954.038

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

9621.573

6337.711

5571.958

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

2431.726

1795.748

1812.103

Capital work-in-progress

196.429

93.167

16.173

 

 

 

 

INVESTMENT

0.000

0.000

145.045

DEFERRED TAX ASSETS

214.070

176.055

133.988

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
5418.869

3291.512
2443.450

 

Sundry Debtors
4841.490

3820.651
3091.865

 

Cash & Bank Balances
305.462

219.256
403.049

 

Other Current Assets
0.000

0.000
0.000

 

Loans & Advances
1550.632

1120.408
780.513

Total Current Assets
12116.453

8451.827

6718.877

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
3197.242

2169.792

1852.148

 

Other Current Liabilities
913.341

895.433

722.190

 

Provisions
1226.522

1113.861

679.890

Total Current Liabilities
5337.105

4179.086

3254.228

Net Current Assets
6779.348

4272.741
3464.649

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

9621.573

6337.711

5571.958

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012 (15 Months)

31.12.2010 (12 Months)

31.12.2009

 

SALES

 

 

 

 

 

Operating revenue, net

26166.659

16879.251

12783.799

 

 

Other Income

70.442

76.606

32.353

 

 

TOTAL                                    

26237.101

16955.857

12816.152

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Consumption materials changes inventories

16216.219

10587.318

 

 

Manufacturing service costs

960.375

470.067

 

 

 

Contract cost

61.848

75.157

 

 

 

Employee related expenses

2074.026

1262.190

 

 

 

Administrative selling other expenses

2974.465

1964.353

 

 

 

TOTAL                                    

22286.933

14359.085

11011.522

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

3950.168

2596.772

1804.630

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

47.250

52.594

159.132

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

3902.918

2544.178

1665.498

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

580.518

310.247

315.144

 

 

 

 

 

Less/ Add

EXCEPTIONAL ITEMS                                      

0.000

254.450

(16.708)

 

 

 

 

 

 

PROFIT BEFORE TAX

3322.400

2488.381

1313.646

 

 

 

 

 

Less

TAX                                                     

1081.485

823.259

466.133

 

 

 

 

 

 

PROFIT AFTER TAX

2240.915

1665.122

847.513

 

 

 

 

 

Add

EXCESS PROVISION FOR CURRENT TAXATION IN RESPECT OF EARLIER YEARS

0.000

79.719

0.000

 

 

 

 

 

Less

DEFERRED TAX CHARGES IN RESPECT OF EARLIER YEARS 

0.000

(87.500)

0.000

 

 

 

 

 

 

NET PROFIT

2240.915

1657.341

847.513

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

3494.467

2142.799

1350.508

 

 

 

 

 

Add

ON ACCOUNT OF AMALGAMATION

0.000

0.000

176.758

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

250.000

175.000

100.000

 

 

Interim Dividend

112.808

112.808

112.808

 

 

Tax on Dividend

18.300

17.865

19.172

 

 

 

 

305.673

231.98

 

BALANCE CARRIED TO THE B/S

5354.274

3494.467

2142.799

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value of exports

3114.103

1814.981

1242.536

 

 

Commission

531.258

336.228

386.411

 

 

Service Income

626.187

350.027

366.973

 

 

Recovery of freight

70.225

17.545

8.856

 

 

Recovery of warranty

54.682

43.329

37.423

 

TOTAL EARNINGS

4396.455

2562.110

2042.199

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials and Components

4148.372

2791.610

2086.995

 

 

Capital Goods

188.429

52.257

33.895

 

 

Goods for Resale

4029.917

2450.674

1820.298

 

TOTAL IMPORTS

8366.718

5294.541

3941.188

 

 

 

 

 

 

Earnings Per Share (Rs.)

99.32

73.46

38.05

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012 (15 Months)

31.12.2010 (12 Months)

31.12.2009

PAT / Total Income

(%)
8.54

9.82

6.61

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
12.70

14.74

10.28

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
22.84

24.28

15.40

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.40

0.40

0.28

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 
0.17

0.03

0.21

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
2.27

2.02

2.06

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

--

22]

Litigations that the firm / promoter involved in

--

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

--

26]

Buyer visit details

--

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

Yes

34]

External Agency Rating, if available

No

 

 

UNSECURED LOANS

 

Unsecured Loans

31.03.2012

(15 Months)

31.12.2010

(12 Months)

 

(Rs. In Millions)

Working capital loans banks unsecured

1116.114

0.999

Finance lease obligation long-term unsecured

93.791

75.982

Total

1209.905

76.981

 

Footnotes:

 

(A) Buyers Credit / Packing Credit/Working Capital Demand Loan

 

(B) Loans and Advances from other than Banks (in respect of assets taken on finance lease). (repayable within one year Rs 27.375 Millions

 

 

 

OPERATIONS:

 

The figures for current period ended 31st March 2012 are for fifteen months and are therefore not comparable with those of previous year.

 

The total revenue for the period ended 31st March, 2012 was Rs. 26237.100 Millions against Rs 16955.900 Millions for the previous year ended 31st December, 2010, showing an annualised growth of 24% over previous year. The profit before exceptional items and taxes for the period ended 31st March, 2012 was to Rs. Rs.3322.400 Millions against Rs. 2233.900 Millions for the previous year ended 31st December, 2010, showing an annualised increase of 19% over previous year.

 

The Indian economy is expected to grow at about 5.7% during the year 2012/13. The pace of policy reforms is very slow and is unlikely to catch up the expectations. Interest rates are steady at a higher level and inflation pressure is mounting. The overall economic environment is not very conducive for a promising growth. Despite such an uncertain business environment, your Company is looking forward for a reasonably good and stable performance for the coming year, barring unforeseen circumstances.

 

 

BANKERS CHARGES REPORT AS PER REGISTRY

 

Corporate identity number of the company

U27106PN1960PLC020566

Name of the company

ATLAS COPCO (INDIA) LIMITED

Address of the registered office or of the principal place of  business in India of the company

Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra, India

Email: investors.grievances@in.atlascopco.com

This form is for

Modification of charge

Charge identification number of the modified 

10095906

Type of charge

Book debts

Movable property (not being pledge)

Particular of charge holder

Citibank N.A., First Floor, Onyx Towers, Near Westin Hotel, North Main Road, Koregaon Park, Pune - 411001, Maharashtra, India

Email: harvansh.grover@citi.com

Nature of description of the instrument creating or modifying the charge

Joint deed of hypothecation dated 20th January 2012.

Date of instrument Creating the charge

20.01.2012

Amount secured by the charge

Rs. 2180.000 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

Interest shall be charged on the outstanding in  the  said account(s) at such rate or rates as may be determined by the said banks  from  time  to time

 

Terms of Repayment

As per terms and conditions specified in the joint deed of hypothecation dated 20th January 2012.

 

Margin

As per terms and conditions specified in the joint deed of hypothecation dated 20th January 2012.

 

Extent and Operation of the charge

Pari-passu charge on all of the company's stock in trade, receivables and movable plant and machinery (both present and future).

 

Others

Working capital facilities of Rs. 2,180 million.

 

Short particulars of the property charged

All of the company's stock in trade, receivables and movable plant and machinery (both present and future).

Date of Modification

13.03.2008

Particulars of the present modification 

Pari-passu charge on all of the Company's Stock-in-Trade, Receivables and Movable Plant and Machinery (Both present and future) was created on working capital facilities Rs. 1,085 Million Joint Deed of Hypothecation dated 13th March, 2008 which has now been modified due to increase in limits to Rs 2180 Million. Also name of one banker HSBC Bank has been newly added in the list of consortium banks in the agreement dated 20th January 2012.

 

 

CONTINGENT LIABILITY:

(Rs. in millions)

Particulars

31.03.2012

31.03.2011

Income Tax matters

505.926

382.869

Sales Tax matters

50.859

50.859

Excise Duty / Service Tax

51.050

21.180

Bills Discounted etc.

267.871

186.821

Claims against the company not acknowledged as debts

56.058

52.535

Total

931.764

694.264

 

 

FIXED ASSETS:

 

Ø  Goodwill

Ø  Drawings and Designs

Ø  Land (Freehold)

Ø  Land (Leasehold)

Ø  Factory Building

Ø  Residential Premises

Ø  Electrical Installments

Ø  Workshops Machinery

Ø  Patterns, Dies , Templates

Ø  Vehicles

Ø  Furniture Fittings

Ø  Office Equipments

Ø  Rental equipment

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No 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 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. 54.88

UK Pound

1

Rs. 83.54

Euro

1

Rs. 70.90

 

 

INFORMATION DETAILS

 

Report Prepared by :

BVA

 

 

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

7

--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

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTERS 

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

63

 

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.