MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ANDRITZ SEPARATION (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.12.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEN00563D

 

 

PAN No.:

[Permanent Account No.]

AAACN1940M

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Selling of Dewatering Systems, Drying Systems, Environmental and Process Technology Equipments.

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Particulars

Unit

31.03.2011

 

Installed Capacity

MT (p.a.)

200

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Divulged

 

 

Facilities :

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

From Banks *

203.388

80.000

Total

203.388

80.000

 

NOTE

 

*Short term loans (Overdraft Facility) availed from banks are covered by letter of comfort from Andritz AG, the holding company.

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

BSRR and Company

Chartered Accountants

Address :

No. 10, Mahatma Gandhi Road, Nungambakkam, Chennai – 600034, Tamilnadu, India

Tel. No.:

91-44-39145000

Fax No.:

91-44-39145999

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

AAIFB0630K

 

 

Holding Company :

Andritz AG, Austria

 

 

Fellow Subsidiary and Other Affiliates :

·         Andritz Singapore Pte. Limited, Singapore

·         Lenser Asia Sdn Bhd, Malaysia

·         Andritz S.A.S. France

·         Andritz Separation GmbH

·         Andritz Delkor (Pty) Limited, South Africa

·         Andritz Frautech S.R.L.

·         Andritz Slovakia S.R.O

·         Andritz Inc.

·         Andritz Kmpt Gmbh

·         Andritz Hydro Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 12.05.2014

 

Names of Shareholders

 

 

No. of Shares

Anstalt Fur Stromungsmaschinen Gesellschaft mbH

 

1

Andritz AG, Austria

 

1990814

Total

 

1990815

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.12.2013

31.12.2012

31.12.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

19.908

19.908

19.908

(b) Reserves & Surplus

120.993

115.524

71.697

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

140.901

135.432

91.605

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

38.410

42.261

43.818

Total Non-current Liabilities (3)

38.410

42.261

43.818

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

203.388

80.000

0.000

(b) Trade payables

153.105

238.136

95.196

(c) Other current liabilities

61.177

72.391

44.959

(d) Short-term provisions

24.061

12.169

48.497

Total Current Liabilities (4)

441.731

402.696

188.652

 

 

 

 

TOTAL

621.042

580.389

324.075

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

12.684

13.603

11.940

(ii) Intangible Assets

0.353

0.873

0.851

(iii) Capital work-in-progress

0.000

0.000

1.474

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

20.262

12.420

15.612

(d)  Long-term Loan and Advances

43.405

55.426

24.154

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

76.704

82.322

54.031

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

149.224

57.721

90.050

(c) Trade receivables

251.571

119.091

141.593

(d) Cash and cash equivalents

26.659

36.846

25.956

(e) Short-term loans and advances

30.515

26.668

12.445

(f) Other current assets

86.369

257.741

0.000

Total Current Assets

544.338

498.067

270.044

 

 

 

 

TOTAL

621.042

580.389

324.075

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.12.2013

 

31.12.2012

31.12.2011

 

SALES

 

 

 

 

 

TOTAL                                    

593.903

787.163

569.583

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

586.383

722.165

469.345

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX  

7.520

64.998

100.238

 

 

 

 

 

Less

TAX                                                                 

2.051

21.171

32.920

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

5.469

43.827

67.318

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value of Exports

62.366

106.814

39.514

 

 

Commission Received

4.864

20.728

0.000

 

 

Other Income

1.542

0.000

0.000

 

TOTAL EARNINGS

68.772

127.542

39.514

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Bought out components

150.875

167.159

--

 

 

Raw Materials and Components

--

--

114.820

 

TOTAL IMPORTS

150.875

167.159

114.820

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2.75

22.01

33.81

 

BACKGROUND

 

The Company is a wholly subsidiary of Andritz AG, Austria is engaged in the business of manufacturing and selling of dewatering systems, drying systems, environmental and process technology equipments.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (34)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

No. 6, Vanagaram Road, Ayanambakkam, Chennai – 600095, Tamilnadu, India

Tel. No.:

91-44-43991110/ 43991157/ 43991111/ 43991104/ 26153750/ 26153751/ 43991103/ 43991107/ 43991157

Fax No.:

91-44-43991111 / 1110 / 26154741

E-Mail :

Selva.Kumar@andritz.com

Website :

www.andritz.com

 

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.