MIRA
INFORM REPORT
|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATLAS COPCO ( |
|
|
|
|
Registered
Office : |
Sveanagar, Mumbai- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
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
: |
Manufacturing and Selling of air and gas compressors, construction and
mining equipment, and industrial tools. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having a fine track
record. Financial position of the company seems to be strong. Performance
capability is high. Liquidity position is good. Trade relations are reported to be fair. Business is active. Payment
terms 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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
October 10, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
October 10, 2013 |
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
31-03-2014.
LOCATIONS
|
Registered/ Corporate/ Head Office/ Factory 1 : |
Sveanagar, Mumbai-Pune Road, Dapodi, Pune – 411 012, Maharashtra,
India |
|
Tel. No.: |
91-20-30722222/ 39852455/ 39852100/ 39852543/ 2411/ 2416/ 2260 |
|
Mobile No.: |
91-9326653917 (Mr. Anant Narayan Bavare) |
|
Fax No.: |
91-20-27147928/ 39852070/ 39852016 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory 2 : |
Plot No.90, MIDC, Industrial Area, Satpur, Nashik – 422 007,
Maharashtra, India |
|
|
|
|
Factory 3 : |
301/302, LBS
Marg, Mulund (West), Mumbai – 400 080, Maharashtra, India |
|
|
|
|
Factory 4 : |
146/2, Sector-I,
Lane 8, IDA, Phase – II, Cherlapally, Hyderabad – 500 051, Andhra Pradesh,
India |
DIRECTORS
AS ON 23.09.2013
|
Name : |
Mr. Anilkumar Jewraj Hirjee |
|
Designation : |
Director |
|
Address : |
Flat No.9, Battery House, Bhulabhai Desai Road, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
14.05.1939 |
|
Qualification : |
Graduate |
|
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 |
|
Date of Birth/Age : |
31.01.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.04.2007 |
|
DIN No.: |
01385028 |
|
|
|
|
|
|
|
Name : |
Filip A J Vandenberghe |
|
Designation : |
Managing Director |
|
Address : |
Hendrik Consciencestraat 21, 2970, Belgium |
|
Date of Birth/Age : |
10.08.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.08.2013 |
|
DIN No.: |
02644579 |
|
|
|
|
Name : |
Birgitta Jeanette Livijn |
|
Designation : |
Director |
|
Address : |
Langangsvagen 20 B, 182 75 Stocksund, Sweden |
|
Date of Birth/Age : |
05.03.1963 |
|
Qualification : |
Graduate |
|
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
– 411 046, 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 23.09.2013
SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 23.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Nationalized 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] |
|
96.54 |
|
Bodies
corporate |
|
0.04 |
|
Other
top fifty shareholders |
|
0.46 |
|
Others
|
|
2.94 |
|
Total |
|
100.00 |
%20LIMITED%20-%20284690%2006-Sep-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of air and gas compressors, construction and
mining equipment, and industrial tools. |
||||
|
|
|
||||
|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2012):
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Production/
Purchases |
|
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 |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
·
Citibank N.A., First Floor, Onyx Towers, Near
Westin Hotel, North Main Road, Koregaon Park, Pune – 411 001, Maharashtra,
India ·
Citibank N.A., Parmar House, 2413, East Street
Camp, Pune – 411 001, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Holding Company : |
Atlas Copco AB, Sweden |
|
|
|
|
Common Control
(List of companies with whom there were transactions during the year) : |
·
ABAC Aria Compressa S.p.A. Italy ·
Atlas Copco (Botswana) (Pty) Limited Botswana ·
Atlas Copco (Ireland) Limited Ireland ·
Atlas Copco (Malaysia) Sdn. Bhd. Malaysia ·
Atlas Copco (N.Z.) Limited New Zealand ·
Atlas Copco (Nanjing) Construction and Mining
Equipment Limited, China ·
Atlas Copco (Schweiz) AG Switzerland ·
Atlas Copco (Shanghai) Process Equipment Co.
Limited China ·
Atlas Copco (Shanghai) Trading Co. Limited China ·
Atlas Copco (Shengyang) Construction and Mining
Equipment Limited, China ·
Atlas Copco (South East Asia) Pte Limited
Singapore ·
Atlas Copco (Thailand) Limited Thailand ·
Atlas Copco (Wuxi) Compressor Co. Limited China ·
Atlas Copco (Zambia) Limited Zambia ·
Atlas Copco (Zangjiakou) Construction and Mining
Equipment Limited, China ·
Atlas Copco A.D. Serbia ·
Atlas Copco AB Sweden ·
Atlas Copco Airpower n.v. Belgium ·
Atlas Copco Angola Lda Angola ·
Atlas Copco Application Center Europe GmbH
Germany ·
Atlas Copco Argentina S.A.C.I. Argentina ·
Atlas Copco Assembly Systems LLC USA ·
Atlas Copco Australia Pty Limited Australia ·
Atlas Copco Bangladesh Limited Bangladesh ·
Atlas Copco Belgium n.v. Belgium ·
Atlas Copco BH d.o.o. Bosnia and Harzegovina ·
Atlas Copco BLM S.r.l. Italy ·
Atlas Copco Boliviana SA Bolivia ·
Atlas Copco Brasil Limiteda Brazil ·
Atlas Copco Bulgaria EOOD Bulgaria ·
Atlas Copco Business Services n.v. Belgium ·
Atlas Copco Canada Inc. Canada ·
Atlas Copco Central America SA Panama ·
Atlas Copco Central Asia LLP Kazakhstan ·
Atlas Copco Chilena S.A.C. Chile ·
Atlas Copco China/Hong Kong Limited Hong Kong ·
Atlas Copco Colombia Ltda Colombia ·
Atlas Copco Compressors LLC USA ·
Atlas Copco Comptec LLC USA ·
Atlas Copco Construction and Mining Technique USA
LLC. USA ·
Atlas Copco Construction Tools AB Sweden ·
Atlas Copco Construction Tools GmbH Germany ·
Atlas Copco Craelius AB Sweden ·
Atlas Copco Crepelle S.A.S. France ·
Atlas Copco Customer Finance AB Sweden ·
Atlas Copco d.o.o Croatia ·
Atlas Copco DRC sprl Congo ·
Atlas Copco Drilling Solutions LLC USA ·
Atlas Copco Eastern Africa Limited Kenya ·
Atlas Copco Energas GmbH Germany ·
Atlas Copco Equipment Egypt S.A.E. Egypt ·
Atlas Copco Forage et Construction S.A.S. France ·
Atlas Copco Ghana Limited Ghana ·
Atlas Copco GIA AB Sweden ·
Atlas Copco Hellas A.E. Greece ·
Atlas Copco Holdings South Africa (Pty) Limited
South Africa ·
Atlas Copco Hurricane LLC USA ·
Atlas Copco Industrial Technique AB Sweden ·
Atlas Copco Italia S.p.A. Italy ·
Atlas Copco KK Japan ·
Atlas Copco Lifton EOOD Bulgaria ·
Atlas Copco Limited United Kingdom ·
Atlas Copco Mafi-Trench Company LLC USA ·
Atlas Copco MAI GmbH Austria ·
Atlas Copco Makinalari Imalat AS Turkey ·
Atlas Copco Mali Sarl Mali ·
Atlas Copco Maroc SA Morocco ·
Atlas Copco MCT GmbH Germany ·
Atlas Copco Mexicana S.A. de C.V. Mexico ·
Atlas Copco Mfg. Korea Co. Ltd South Korea ·
Atlas Copco MiddleEast FZE UAE ·
Atlas Copco Mongolia LLC Mongolia ·
Atlas Copco Namibia (Pty) Limited Namibia ·
Atlas Copco Nederlands B.V. Nederlands ·
Atlas Copco Nigeria Limited Nigeria ·
Atlas Copco Pakistan (Pvt) Limited Pakistan ·
Atlas Copco Perfora S.p.A. Italy ·
Atlas Copco Peruana SA Peru ·
Atlas Copco Polska Sp. Z.o.o. Poland ·
Atlas Copco Powercrusher GmbH Austria ·
Atlas Copco Rental Europe n.v. Belgium ·
Atlas Copco Rental LLC USA ·
Atlas Copco Rock Drills AB Sweden ·
Atlas Copco Romania S.R.L. Romania ·
Atlas Copco S.A.E. Spain ·
Atlas Copco s.r.o. Czech Republic ·
Atlas Copco Secoroc AB Sweden ·
Atlas Copco Secoroc LLC USA ·
Atlas Copco Senegal SARL Senegal ·
Atlas Copco Services Middle East OMC Bahrain ·
Atlas Copco Services Middle East SPC UAE ·
Atlas Copco South Africa (Pty) Limited South
Africa ·
Atlas Copco Tanzania Limited Tanzania ·
Atlas Copco Vietnam Company Limited Vietnam ·
BeaconMedaes LLC USA ·
Bolaite (Shanghai) Compressor Co. Limited China ·
Ceccato Aria Compressa S.p.A. Italy ·
Chicago Pneumatic Construction Equipment AB
Sweden ·
Chicago Pneumatic Tool Co, LLC USA ·
Cirmac International B.V. Nederlands ·
Compresseurs Worthington Creyssensac S.A.S.
France ·
Dynapac (China) Compaction and Paving Eq. Co.
Limited China ·
Dynapac Brasil Industria e Comercio Ltda Brazil ·
Dynapac Compaction and Paving Equipment (India)
Pvt Ltd India ·
Dynapac Compaction Equipment AB Sweden ·
Dynapac GmbH Germany ·
ETS Georges Renault S.A.S. France ·
Fuji Air Tools Co. Limited Japan ·
Greenfield AG Switzerland ·
Grupos Electrogenos Europa, S.A. Spain ·
HandF Drilling Supplies Limited United Kingdom ·
Houston Service Industries USA ·
Industrial Technique Hungary Kft. Hungary ·
Intermech Limited New Zealand ·
IRMER + ELZE Kompressoren GmbH Germany ·
Liuzhou Tech Machinery Co. Limited China ·
LLC Atlas Copco Ukraine Ukraine ·
Medaes Limited United Kingdom ·
Oy Atlas Copco Kompressorit Ab Finland ·
Oy Atlas Copco Louhintatekniikka Ab Finland ·
Oy Atlas Copco Rotex Ab Finland ·
Penlon Medical Gas Solutions UK ·
Power Tools Distribution n.v. Belgium ·
PT Atlas Copco Indonesia Indonesia ·
PT Atlas Copco Nusantara Indonesia ·
Quincy Compressors Inc. USA ·
SCA Schucker GmbH and Co. KG Germany ·
Shanghai Tooltec Industrial Tool Co., Limited China ·
Sociedade Atlas Copco de Portugal Lda Portugal ·
SPA Atlas Copco Algerie Algeria ·
TBB Industrial Tools Services GmbH Germany ·
Tooltec (Qingdao) Tool Co. Limited China ·
Vibratechniques S.A.S. France ·
Wuxi Pneumatech Air/Gas Purity Equipment Co.
Limited China ·
Zao Atlas Copco Russia |
CAPITAL STRUCTURE
AS ON 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22561564 |
Equity Shares |
Rs.10/- each |
Rs.225.616
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
01.04.2012 to
31.03.2013 |
01.01.2011 to
31.03.2012 (15 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
225.616 |
225.616 |
|
(b) Reserves & Surplus |
|
10153.113 |
8028.779 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10378.729 |
8254.395 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
33.355 |
66.415 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
2.449 |
2.384 |
|
(d) Long-term provisions |
|
666.905 |
560.183 |
|
Total Non-current Liabilities (3) |
|
702.709 |
628.982 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
30.785 |
1273.387 |
|
(b) Trade payables |
|
3283.043 |
3278.998 |
|
(c) Other current liabilities |
|
1361.588 |
1084.922 |
|
(d) Short-term provisions |
|
716.878 |
503.959 |
|
Total Current Liabilities (4) |
|
5392.294 |
6141.266 |
|
|
|
|
|
|
TOTAL |
|
16473.732 |
15024.643 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2665.937 |
2126.371 |
|
(ii) Intangible Assets |
|
230.181 |
305.355 |
|
(iii) Capital work-in-progress |
|
192.561 |
118.529 |
|
(iv) Intangible assets under development |
|
27.791 |
0.944 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
327.539 |
214.070 |
|
(d) Long-term Loan and Advances |
|
894.653 |
865.877 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
4338.662 |
3631.146 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
748.780 |
0.000 |
|
(b) Inventories |
|
5020.640 |
5418.869 |
|
(c) Trade receivables |
|
5068.397 |
4841.490 |
|
(d) Cash and cash equivalents |
|
405.354 |
305.462 |
|
(e) Short-term loans and advances |
|
891.899 |
827.676 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
12135.070 |
11393.497 |
|
|
|
|
|
|
TOTAL |
|
16473.732 |
15024.643 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 (12
Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
225.616 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
5918.972 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6144.588 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
116.142 |
|
|
2] Unsecured Loans |
|
|
76.981 |
|
|
TOTAL BORROWING |
|
|
193.123 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6337.711 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1795.748 |
|
|
Capital work-in-progress |
|
|
93.167 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
176.055 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3291.512 |
|
|
Sundry Debtors |
|
|
3820.651 |
|
|
Cash & Bank Balances |
|
|
219.256 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1120.408 |
|
Total
Current Assets |
|
|
8451.827 |
|
|
Less : CURRENT LIABILITIES
& PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2169.792 |
|
|
Other Current Liabilities |
|
|
895.433 |
|
|
Provisions |
|
|
1113.861 |
|
Total
Current Liabilities |
|
|
4179.086 |
|
|
Net Current Assets |
|
|
4272.741 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6337.711 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
01.04.2012 to
31.03.2013 |
01.01.2011 to 31.03.2012
(15 Months) |
31.12.2010 (12
Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
25204.311 |
26166.659 |
16879.251 |
|
|
|
Other Income |
58.490 |
70.442 |
76.606 |
|
|
|
TOTAL |
25262.801 |
26237.101 |
16955.857 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
9779.584 |
10152.056 |
|
|
|
|
Purchases of stock-in-trade |
5460.693 |
7267.311 |
|
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
286.575 |
(1203.147) |
|
|
|
|
Employee benefit expense |
2136.459 |
2104.095 |
|
|
|
|
Other expenses |
3588.474 |
3912.317 |
|
|
|
|
Exceptional Items |
16.594 |
0.000 |
|
|
|
|
TOTAL |
21268.379 |
22232.632 |
14359.085 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3994.422 |
4004.469 |
2596.772 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
98.257 |
101.551 |
52.594 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3896.165 |
3902.918 |
2544.178 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
482.820 |
580.518 |
310.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3413.345 |
3322.400 |
2233.931 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1157.032 |
1081.485 |
831.040 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2256.313 |
2240.915 |
1402.891 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
5354.274 |
3494.467 |
2142.799 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
250.000 |
175.000 |
|
|
|
Proposed Dividend |
NA |
112.808 |
112.808 |
|
|
|
Corporate Dividend tax |
NA |
18.300 |
17.865 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
5354.274 |
3494.467 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of exports |
5524.400 |
3114.103 |
1814.981 |
|
|
|
Commission |
|
531.258 |
336.228 |
|
|
|
Service Income |
|
626.187 |
350.027 |
|
|
|
Recovery of freight |
|
70.225 |
17.545 |
|
|
|
Recovery of warranty |
|
54.682 |
43.329 |
|
|
TOTAL EARNINGS |
5524.400 |
4396.455 |
2562.110 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
NA |
4148.372 |
2791.610 |
|
|
|
Capital Goods |
NA |
188.429 |
52.257 |
|
|
|
Goods for Resale |
NA |
4029.917 |
2450.674 |
|
|
TOTAL IMPORTS |
NA |
8366.718 |
5294.541 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
100.01 |
99.32 |
73.46 |
|
%20LIMITED%20-%20284690%2006-Sep-2014_files/image003.gif){kind=small}
%20LIMITED%20-%20284690%2006-Sep-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
01.04.2012 to
31.03.2013 |
01.01.2011 to
31.03.2012 (15 Months) |
31.12.2010 (12
Months) |
|
PAT / Total Income |
(%) |
8.93 |
8.54
|
9.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.54 |
12.70
|
14.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.43 |
22.62
|
24.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.40
|
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.16
|
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25 |
1.86
|
2.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
225.616 |
225.616 |
|
Reserves & Surplus |
|
8028.779 |
10153.113 |
|
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
8254.395 |
10378.729 |
|
|
|
|
|
|
Long-term borrowings |
|
66.415 |
33.355 |
|
Short term borrowings |
|
1273.387 |
30.785 |
|
Total borrowings |
|
1339.802 |
64.140 |
|
Debt/Equity ratio |
|
0.162 |
0.006 |
%20LIMITED%20-%20284690%2006-Sep-2014_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2010 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
16879.251 |
26166.659 |
25204.311 |
|
|
|
55.023 |
(3.678) |
%20LIMITED%20-%20284690%2006-Sep-2014_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2010 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
16879.251 |
26166.659 |
25204.311 |
|
Profit |
1402.891 |
2240.915 |
2256.313 |
|
|
8.31% |
8.56% |
8.95% |
%20LIMITED%20-%20284690%2006-Sep-2014_files/image010.gif)
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 |
Yes |
|
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 |
HIGH
COURT OF BOMBAY
|
Bench:- Bombay |
|||||||
|
Lodging No:- |
WPL/2469/2013 |
Filing Date:- |
26/09/2013 |
Reg. No.:- |
WP/2650/2013 |
Reg. Date:- |
30/11/2013 |
|
|
|||||||
|
Petitioner:- |
ASSOCIATION OF ENGINEERING WORKERS AND ANR |
Respondent:- |
ATLAS COPCO (INDIA) LIMITED |
||||
|
Petn. Adv.: |
N.M. GANGULI |
Resp. Adv.: |
-- |
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
SINGLE |
||||||
|
Status:- |
Admitted (Unready) |
Category:- |
Writ Petition (Service Matter) |
||||
|
Last Date: |
25/04/2014 |
Stage: |
For Admission - Fresh [Original Side Matters] |
||||
|
Last Coram: |
HON'BLE SHRI JUSTICE N.M. JAMDAR |
|
|
||||
|
|
|||||||
|
Act:- |
Industrial Dispute Act, 1947 |
|
|
||||
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Long-term maturities of finance lease (Lease obligations in relation to vehicles acquired
from non-banking companies under finance lease.) |
33.355 |
66.415 |
|
|
|
|
|
SHORT-TERM BORROWINGS |
|
|
|
Working capital loans from banks (Buyers Credit/Packing Credit/Working
Capital Demand Loan) |
0.000 |
1116.114 |
|
Total
|
33.355 |
1182.529 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10095906 |
20/01/2012 * |
2,180,000,000.00 |
CITIBANK N.A. |
FIRST FLOOR,
ONYX TOWERS, NEAR WESTIN HOTEL, NORTH MAIN ROAD, KOREGAON PARK, PUNE,
MAHARASHTRA - |
B32714099 |
|
2 |
90128666 |
09/02/2009 * |
51,500,000.00 |
ANDHRA BANK-
MALAKPET BRANCH |
16-10-27/105/13 TO
16 MAIN ROAD, MALAKPET, HYDERABAD, ANDHRA PRADESH - 500036, INDIA |
A57803207 |
|
3 |
90130518 |
29/09/2006 * |
10,000,000.00 |
ANDHRA BANK -
MALAKPET BRANCH |
MALAKPET MAIN
ROAD, HYDERABAD, ANDHRA PRADESH - 500036, INDIA |
A09924515 |
* Date of charge modification
OPERATIONS:
The figures for
the previous period are for Fifteen (15) months and are not comparable to those
of current year.
The total revenue
for the period ended 31st March, 2013 was Rs.25286.700 millions
against Rs.25262.800 millions for the previous 15 months period ended 31st
March, 2012, showing an annualised growth of 20% over previous year. The profit
before exceptional items and taxes for the year ended 31st March,
2013 was Rs.3429.900 millions against Rs.3322.400 millions for the previous 15
months period ended 31st March, 2012, showing an annualised increase
of 29% over previous year.
The Company has
completed the construction of a state of the art manufacturing facility for Compressors
at Chakan at an investment of Rs.1150.000 millions. This facility has commenced
the production in the forth quarter of 2012.
While the global
economic activity remains subdued, RBI expects Indian economy to grow at the
rate of about 5.7% during the year 2013-14. Considering the current market
conditions, in the near term the overall demand for Company's products and
services is expected to remain at the current level. Despite such an uncertain
environment, the Company is looking forward for a reasonably stable performance
for the current year, barring unforeseen circumstances.
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,
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. 60.43 |
|
|
1 |
Rs. 98.64 |
|
Euro |
1 |
Rs. 78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
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 |
|
65 |
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.