MIRA INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ATLAS COPCO ( |
|
|
|
|
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.] |
PNEA00074E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4074D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufactures and sells air and compressors, construction and mining
equipment, and industrial tools. |
|
|
|
|
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 : |
Exist |
|
|
|
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : AA+ |
|
Rating Explanation |
High degree of safety and low credit risk. |
|
Date |
October 17, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
October 17, 2012 |
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 DECLINED BY
|
Name : |
Mr. Pradeep C |
|
Designation : |
Treasury Department |
|
Contact No.: |
91-20-39852100/2411/2416/2260 |
|
Date : |
02.07.2013 |
LOCATIONS
|
Registered/ Corporate/ Head Office/ Factory 1 : |
Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra, India |
|
Tel. No.: |
91-20-30722222/ 39852100/ 39852543/ 2411/2416/2260 |
|
Fax No.: |
91-20-27147928/ 39852070/ 39852016 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
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 : |
01.08.2009 |
|
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 : |
30.04.2007 |
|
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 : |
30.04.2010 |
|
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 |
|
|
|
|
Name : |
Mr. Pradeep C |
|
Designation : |
Treasury Department |
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 : |
Manufactures and sells air and compressors, construction and mining
equipment, and industrial tools. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
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 : |
|
||||||||||||||||||
|
|
|
|
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 and 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 |
11028.230 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3950.168 |
2596.772 |
1787.922 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
47.250 |
52.594 |
159.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3902.918 |
2544.178 |
1628.790 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
580.518 |
310.247 |
315.144 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3322.400 |
2233.931 |
1313.646 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1081.485 |
831.040 |
466.133 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2240.915 |
1402.891 |
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 |
|
|
|
Proposed Dividend |
112.808 |
112.808 |
112.808 |
|
|
|
Corporate Dividend tax |
18.300 |
17.865 |
19.172 |
|
|
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 |
|
%20LIMITED%20-%20227661%2003-Jul-2013_files/image001.gif){kind=small}
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
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 (15 Months) |
31.12.2010 (12 Months) |
31.12.2009 |
|
|
(Rs. In Millions) |
||
|
Creditors due small micro enterprises |
105.411
|
133.869 |
|
|
Creditors due others |
3091.831
|
2035.923 |
|
|
Total |
3197.242
|
2169.792 |
1852.148 |
%20LIMITED%20-%20227661%2003-Jul-2013_files/image002.gif){kind=small}
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
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 |
Yes |
LITIGATION
DETAILS:
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
STAMP NO: FAST/30595/2012 FILING DATE: 01.11.2012 |
|
PETITIONER: EMPLOYEES
STATE INSURANCE CORPORATION RESPONDENT: ATLAS COPCO
(INDIA) LIMITED PETN.ADV: SHAILESH PATHAK DISTRICT: NASHIK |
|
BENCH: SINGLE STATUS: PRE-ADMISSION LAST DATE: 19.11.2012 STAGE: LAST CORAM: REGISTRAR [JUDICIAL] |
|
ACT: Employees
State Insurance Act, 1948 UNDER SECTION: 82 |
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 |
Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra, India |
|
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 (15 Months) |
31.12.2010 (12 Months) |
|
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
PRESS RELEASES
ATLAS COPCO INAUGURATES
SECOND COMPRESSOR MANUFACTURING FACILITY IN INDIA
2013-02-21
Pune, India, February 21, 2013: Atlas Copco, recognized as one of the world’s most innovative and sustainable companies, today inaugurated its new compressor manufacturing plant at Pune, in the presence of Horst Wasel, President, Quality Air Division. Also present were Filip Vandenberghe, Managing Director, Atlas Copco (India) Limited and Rudy Verstrepen, Vice President, Compressor Technique Operations. Atlas Copco also celebrates 140 years of industrial excellence with a range of activities in more than 90 countries where it has its own operations.
The President joined hundreds of employees to unveil the state-of-the-art lean manufacturing facility. Spread over 23 acres, the built-up area of 19 000 square meters includes a manufacturing plant and an office building, in addition to a well-equipped canteen and other employee amenities. The factory is built in accordance with LEED (Leadership in Environmental Energy and Design) principles. The new facility will manufacture industrial and portable compressors, while the existing facility at Dapodi will continue to produce oil free compressors and quality air product.
Horst Wasel, President, Quality Air Division, says, “This new facility has been built to lean
manufacturing principles. The Group continues its focus on India, and we are
proud to inaugurate this new facility today. This factory will help increase
efficiencies, and further support business expansion in India, and also serve
customers in India and abroad”.
Atlas Copco also celebrates 140 years of history across offices and
manufacturing facilities around the globe.
“Celebrating 140 years is a fantastic opportunity to
strengthen customer focus and relations further, to translate our values into
daily activities, and to capture synergies,” said Filip Vandenberghe, Managing
Director, Atlas Copco (India) Limited. “It is a great occasion to create pride
among employees and to make them enthusiastic about future opportunities. Our
history guarantees long-term industrial experience as well as innovative
products and solutions to current and new customers, to suppliers as well as to
current and future employees”
Last month, Atlas Copco also earned a spot on the Global 100 Most Sustainable
Corporations in the world list, the most prestigious corporate sustainability
ranking. The Global 100 recognized Atlas Copco for its commitment to
sustainable productivity and its work and achievements of doing more with less:
For instance, the development of new innovative, highly energy-efficient
products that save customers money and benefit the environment at the same
time.
Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9).
Atlas Copco’s Compressor Technique business
area provides industrial compressors, gas and process
compressors and expanders, air and gas treatment equipment and air management
systems. It has a global service network and offers specialty rental services.
Compressor Technique innovates for sustainable productivity in the
manufacturing, oil and gas, and process industries. Principal product development
and manufacturing units are located in Belgium, Germany, the United States,
China and India.
Atlas Copco (India) Limited
started operations in 1960, and has 22 offices across India, the registered
office being at Pune. In 2011, Atlas Copco (India) Limited had about 2 500
employees and in the period from 1st January 2011 to 31st March 2012, revenues
of INR 2 200 cr (MEUR 328).
ATLAS COPCO
INAUGURATES SERVICE AND APPLICATION CENTER IN INDIA
2013-01-22
Pune, January 22, 2013: The Atlas Copco Tools and Assembly Systems inaugurated a new facility housing its first Indian application center at Pune today, in the presence of divisional Presidents Anders Lindquist and Lars Eklof. Also present were Filip Vandenberghe, Managing Director, Atlas Copco (India) Limited and Parind Prabhudesai, General Manager, Atlas Copco Tools and Assembly Systems, India.
Spread over 22 000 square feet, the new facility, in addition to the application center, also includes a service workshop, a demo room and training center for competence development, which will also be open to customers, as well as an adhesive equipment lab for the newly acquired SCA business.
“The new facility represents our commitment
to the Indian market and is equipped with state-of-the-art demo, training and
service capabilities, because we believe that quality service requires
competent people. This facility will further enhance our capability to keep our
promises and deliver responsive support anywhere and anytime and will further
our mission to be seen as the strategic partner in production-critical services,”
says Lars Eklof, President, Industrial Technique Service Division.
Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9).
Atlas Copco’s Industrial Technique business
area provides industrial power tools, assembly systems, quality
assurance products, software and services through a global network. It
innovates for sustainable productivity for customers in the automotive and
aerospace industries, industrial manufacturing and maintenance, and in vehicle
service. Principal product development and manufacturing units are located in
Sweden, France and Japan.
Atlas Copco (India) Limited
started operations in 1960, and has 22 offices across India, the registered
office being at Pune. In 2011, Atlas Copco (India) Limited had about 2 500 employees
and in the period from 1st January 2011 to 31st March 2012, revenues of Rs.
26000.000 Millions (MEUR 400).
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 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] 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.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
YES |
|
--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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.