MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
ANEST IWATA MOTHERSON LIMITED (w.e.f. 01.06.2001) |
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Formerly Known
As : |
ANEST IWATA MOTHERSON PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELA08400A |
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PAN No.: [Permanent Account No.] |
AACCA8985F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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No. of Employees
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175 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Air Compressors. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C and Credit |
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Purchasing : |
Cash, Advance Payment, L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Air Compressors |
Nos. |
N.A. |
4800 |
4186 |
GENERAL INFORMATION
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No. of Employees : |
175 (Approximately) |
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Bankers : |
Axis Bank Limited, Sector – 16, Noida – 201301, Uttar Pradesh, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R.K. J. K. Khanna and Company Chartered Accountants |
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Address : |
D-41, South Extension, Part-II, New Delhi – 110049, India |
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E-Mail : |
AAAFR9497E |
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Holding company : |
Anest Iwata Corporation, Japan |
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Subsidiary company
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Air Factory Energy Limited CIN No.: U51109DL2007PLC170331 |
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Fellow Subsidiary Company
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Anest Iwata Motherson Coating Equipment Limited |
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Enterprises which are
owned, or have significant influence of or are partners with Key Management personnel
and their relatives : |
· Magneti Marelli Motherson Auto System Limited · Nachi Motherson Precision Limited · Spirited Auto Cars (India) Limited · Smr Automotives System India Limited · Nissin Advanced Coating Indo Company Limited · Motherson Sumi Systems Limted · Motherson Auto Limited · Motherson Air Travel Agencies Limited · Motherson Techno Tools Limited · Mothersonsumi Infotech and Design Limited · Mother Son Advanced Tooling Solutions Limited · Systematic Conscom Limited |
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Joint venture : |
Samvardhana Motherson Internatioanl Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Equity Shareholders |
No. of Shares |
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Anest Iwata Corporation, Japan |
14790000 |
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Ashok Tandon |
100 |
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Samvardhana Motherson International Limited, India |
14209600 |
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Laksh Vaaman Sehgal |
50 |
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Chandra Shekhar Panda |
50 |
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Vivek Chaand Sehgal |
100 |
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Vivek Avasthi |
100 |
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TOTAL
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29000000 |
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Names of Preference Shareholders |
No. of Shares |
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Anest Iwata Corporation, Japan |
7395000 |
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Samvardhana Motherson International Limited, India |
7105000 |
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TOTAL
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14500000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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(a) Share Capital |
435.000 |
435.000 |
435.000 |
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(b) Reserves & Surplus |
(55.863) |
(52.494) |
(57.208) |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
379.137 |
382.506 |
377.792 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term liabilities |
2.662 |
2.313 |
2.138 |
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(d) long-term provisions |
1.667 |
1.341 |
0.920 |
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Total Non-current Liabilities (3) |
4.329 |
3.654 |
3.058 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
55.099 |
46.902 |
23.208 |
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(c) Other current
liabilities |
18.582 |
13.188 |
11.240 |
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(d) Short-term provisions |
19.916 |
7.381 |
2.538 |
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Total Current Liabilities (4) |
93.597 |
67.471 |
36.986 |
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TOTAL |
477.063 |
453.631 |
417.836 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
210.928 |
225.376 |
231.744 |
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(ii) Intangible Assets |
1.661 |
1.480 |
1.225 |
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(iii) Capital
work-in-progress |
0.000 |
0.249 |
0.249 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
8.000 |
8.000 |
8.000 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
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(e) Other Non-current assets |
2.068 |
1.302 |
1.332 |
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Total Non-Current Assets |
222.657 |
236.407 |
242.550 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
97.054 |
85.129 |
58.022 |
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(c) Trade receivables |
69.428 |
78.428 |
54.562 |
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(d) Cash and cash
equivalents |
44.902 |
24.799 |
34.862 |
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(e) Short-term loans and
advances |
39.560 |
27.939 |
16.439 |
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(f) Other current assets |
3.462 |
0.929 |
11.401 |
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Total Current Assets |
254.406 |
217.224 |
175.286 |
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TOTAL |
477.063 |
453.631 |
417.836 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
355.879 |
314.599 |
219.422 |
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Other Income |
22.709 |
7.267 |
6.522 |
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TOTAL |
378.588 |
321.866 |
225.944 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
206.972 |
199.202 |
137.386 |
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Purchases of Stock-in-Trade |
13.564 |
0.000 |
0.000 |
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Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(12.240) |
(13.239) |
(5.956) |
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Employees benefits expense |
59.890 |
42.563 |
30.846 |
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Other expenses |
76.799 |
62.339 |
46.823 |
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Prior Period Items |
0.000 |
0.000 |
0.100 |
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TOTAL |
344.985 |
290.865 |
209.199 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
33.603 |
31.001 |
16.745 |
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Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.153 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.603 |
31.001 |
16.592 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
19.528 |
19.038 |
16.295 |
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PROFIT/
(LOSS) BEFORE TAX |
14.075 |
11.963 |
0.297 |
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Less |
TAX |
2.325 |
2.399 |
0.061 |
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PROFIT/
(LOSS) AFTER TAX |
11.750 |
9.564 |
0.236 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(52.495) |
(57.209) |
(57.445) |
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Less |
APPROPRIATIONS |
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Proposed Dividend on
Preference Shares |
12.922 |
4.172 |
0.000 |
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Tax on Proposed Dividend |
2.196 |
0.677 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
(55.863) |
(52.495) |
(57.209) |
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EARNINGS IN
FOREIGN CURRENCY |
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FOB Value of Exports |
94.734 |
81.729 |
31.812 |
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1.856 |
2.397 |
0.000 |
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Revenue Received from Services |
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2.429 |
2.891 |
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TOTAL EARNINGS |
96.590 |
86.555 |
34.703 |
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IMPORTS |
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Raw Materials |
56.994 |
59.678 |
52.544 |
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Components and Spare Parts |
2.141 |
0.000 |
0.000 |
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Capital Goods |
0.000 |
2.254 |
0.286 |
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TOTAL IMPORTS |
59.135 |
61.932 |
52.830 |
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Earnings /
(Loss) Per Share (Rs.) |
0.22 |
0.16 |
(0.20) |
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Particulars |
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31.03.2014 |
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Sales Turnover (Approximately) |
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380.000 |
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The above information has been parted by Mr. Nitin Kumar (Accounts
Department).
OPERATIONAL PROGRESS
The total turnover of the company is Rs. 378.588 Millions as compared to Rs. 321.866 Millions in the previous year. The Profit after tax are Rs. 11.750 Millions as compared to Rs.9.564 Millions in the previous year.
OPERATIONS
Implementation of better systems as a part of continuous improvement is helping the company to move towards becoming a world-class manufacturer of Air Compressors. The company has been implementing all the suggestions from the members of Anest lwata Corporation Japan (AIJ) for enhancing the overall effectiveness of production processes. The production facilities with improved synchronization among all the departments have resulted in improved delivery of air compressors to end customers.
VENDOR DEVELOPMENT
Vendor Development has been in line with the company's growth objectives and has supported in development of customer specific compressors for Indian Railways and Schwing Stetter, apart from increased production volumes. Efforts have been made to ensure reliability and stability of the company's vendor base, by increasing capacities and upgrading the Process capability and Quality systems.
DOMESTIC MARKETINGAND
SALES
The company has continued with the trend of improved performance in terms of sales and profitability during 2012-2013. The company has identified separate strategies for OEM's and retail customers and improved the enquiry base and total order situation tremendously. The company continues to build a strong and efficient Network of '3S' capabilities, so customers have access to Sales, Service and Spares all across India.
SCROLL COMPRESSORS
The state of the art Oil Free Scroll Compressors have been very well appreciated by its current users in the Medical sectors and continues to receive very encouraging response from potential customers and dealers.
EXPORT OF COMPONENTS
TO AIJ
Efforts have been made to consolidate export of components to AU, with an objective of on-time in-full supply of quality products. The company has initiated programmes for quality and delivery improvement under the guidance of quality specialists from AIJ, with a continuous improvement approach for meeting QCD expectations of AIJ.
EXPORTOF COMPRESSORS
In 2012 2013, the company has exported compressors to several countries including USA, Philippines and Japan. Dedicated efforts have been made to ensure supply of products in accordance with customer requirements.
RATING & COMMENTS
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MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
2nd Floor, F-7, Block B-1, Mohan Cooperative Industrial
Estate, Mathura Road, Delhi – 110044, India |
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Tel. No.: |
91-11-40555940 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1 : |
B-123-124, Sector - 63, District Gautam Budh Nagar, Noida – 201301, |
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Tel. No.: |
91-120-2401410-12/ 4600517/ 4600500 |
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Fax No.: |
91-120-2401398/ 4600509 |
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Area : |
23000 sq ft |
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Location : |
Owned |
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Factory 2 : |
B 5, Site C, Surajpur Industrial Estate, Surajpur, Greater Noida – 201306,
Uttar Pradesh, India |
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Tel. No.: |
91-120-4600503/ 4600514 |
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Fax No.: |
91-120-2401398 |
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Area : |
50000 sq ft |
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Location : |
Owned |
CHANGE OF ADDRESS
The registered office of the company has been shifted from 43, Community Centre, New Friends Colony, New Delhi – 110065 to the present address w.e.f. 14.01.2009.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.