MIRA INFORM REPORT
|
Report No. : |
355003 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
GNUTTI CARLO
INDIA PRIVATE LIMITED (w.e.f. 15.07.2013) |
|
|
|
|
Formerly Known
As : |
GNUTTI
INDIA POWERTRAIN AND CASTINGS PRIVATE LIMITED |
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Registered
Office : |
Plot No. A25, Engineering Sez, SIPCOT Industrial Complex, Phase III, Village
Mukundarayapurum, Ranipet – 632405, Tamilnadu |
|
Tel. No.: |
91-8940982910 (Mr. Srinivasan) |
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|
|
|
Country : |
India |
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|
|
|
Financials (as on)
: |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
14.10.2008 |
|
|
|
|
Com. Reg. No.: |
18-069554 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.337.602 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910TN2008PTC069554 |
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IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCG3146K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of Engine Components such as Valve Train parts, Fuel pump parts and other Engineering components and assemblies manufactured from Iron and Aluminum castings, forged steel and bar stock. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 768000 |
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|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Gnutti Carlo SPA”. It is engaged in
manufacturing of engine components such as valve train parts, fuel pump parts
and other engineering components. For the financial year ended
2015, company has reported 13.54% revenue growth as compared to
previous year revenue and it has maintain average profitability margin at
2.12% during the year under review. Due to profit company has able to wipeout some of its accumulated
losses during FY 2015. Rating takes into consideration company’s established track record of
business operations marked by its healthy operating efficiencies along with
adequate capital base and moderate debt coverage indicators. Rating also takes into consideration strong financial and managerial
support that company receives from its holding entity backed by its well
experience management team. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Srinivasan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-8940982910 |
|
Date : |
16.12.2015 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. A25, Engineering Sez, SIPCOT Industrial Complex, Phase III, Village
Mukundarayapurum, Ranipet – 632405, Tamilnadu, India |
|
Tel. No.: |
91-4172-243200 |
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Mobile No.: |
91-8940982910 (Mr. Srinivasan) |
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Fax No.: |
91-4172-243210 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mario Gnutti |
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Designation : |
Director |
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Address : |
Via 20, Settembre N.2, Brescia, 25124, Italy |
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Date of Birth/Age : |
20.05.1975 |
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Date of Appointment : |
14.10.2008 |
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DIN No.: |
02234663 |
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|||||||||||||||||||||||||||
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Name : |
Pier Carlo Gnutti |
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Designation : |
Director |
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Address : |
Via A, Oriani, 22, Brescia, 25124, Italy |
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Date of Birth/Age : |
13.04.1944 |
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Date of Appointment : |
12.11.2008 |
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DIN No.: |
02455620 |
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Name : |
Nicola Morelli |
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Designation : |
Director |
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Address : |
Via S, Pertini, 55, Roncadelle, Brescia, 25030, Italy |
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Date of Birth/Age : |
17.04.1971 |
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Date of Appointment : |
12.11.2008 |
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DIN No.: |
02451667 |
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Name : |
Mr. Rangarajan Balakrishnan |
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Designation : |
Additional Director |
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|
Address : |
136, 4th Main, 3rd Phase, J.P.Nagar, Bangalore - 560078, Karnataka, India |
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Date of Birth/Age : |
21.11.1964 |
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Date of Appointment : |
20.09.2012 |
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DIN No.: |
00451073 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Srinivasan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 04.12.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Gnutti Carlo S.P.A., Italy |
1947489 |
57.69 |
|
Simest S.P.A., Italy |
1428533 |
42.31 |
|
Total |
3376022 |
100.00 |
As on 04.12.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Engine Components such as Valve Train parts, Fuel pump parts and other Engineering components and assemblies manufactured from Iron and Aluminum castings, forged steel and bar stock. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Auditors : |
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|
Name : |
A Siva Chartered Accountant |
|
Address : |
273, Puraswalkam High Road, Puraswalkam, Chennai – 600007, Tamilnadu, India |
|
Mobile No.: |
91-9092400794 / 9032571862 |
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PAN No.: |
AQHPA6875A |
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Membership No.: |
232758 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Gnutti Carlo SPA, Spain |
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|
Fellow Subsidiary
company : |
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CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.100/- each |
Rs.350.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3376022 |
Equity Shares |
Rs.100/-
each |
Rs.337.602
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
337.602 |
337.602 |
317.602 |
|
(b) Reserves &
Surplus |
(68.703) |
(77.375) |
(86.100) |
|
(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) |
268.899 |
260.227 |
231.502 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
173.158 |
87.790 |
87.790 |
|
(b) Deferred tax
liabilities (Net) |
12.510 |
8.553 |
7.550 |
|
(c) Other long term
liabilities |
10.995 |
24.353 |
28.680 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
196.663 |
120.696 |
124.020 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
196.377 |
221.890 |
109.951 |
|
(c) Other current
liabilities |
3.096 |
5.173 |
20.736 |
|
(d) Short-term provisions |
2.650 |
8.459 |
0.868 |
|
Total Current Liabilities
(4) |
202.123 |
235.522 |
131.555 |
|
|
|
|
|
|
TOTAL |
667.685 |
616.445 |
487.077 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
363.108 |
297.474 |
271.156 |
|
(ii) Intangible Assets |
16.339 |
0.029 |
0.000 |
|
(iii) Capital
work-in-progress |
11.440 |
80.006 |
43.315 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
1.522 |
7.064 |
8.776 |
|
Total Non-Current Assets |
392.409 |
384.573 |
323.247 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
13.200 |
22.400 |
18.500 |
|
(b) Inventories |
63.553 |
63.654 |
32.235 |
|
(c) Trade receivables |
137.826 |
126.978 |
40.719 |
|
(d) Cash and cash
equivalents |
51.155 |
5.391 |
54.137 |
|
(e) Short-term loans and
advances |
9.542 |
13.449 |
18.239 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
275.276 |
231.872 |
163.830 |
|
|
|
|
|
|
TOTAL |
667.685 |
616.445 |
487.077 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
385.606 |
344.951 |
86.500 |
|
|
Other Income |
22.650 |
14.570 |
4.100 |
|
|
TOTAL |
408.256 |
359.521 |
90.600 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
248.206 |
258.614 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.101 |
(31.418) |
|
|
|
Employees benefits
expense |
23.099 |
28.620 |
|
|
|
Other expenses |
56.532 |
60.695 |
|
|
|
TOTAL |
327.938 |
316.511 |
149.830 |
|
|
|
|
|
(Including
Depreciation and Financial Expenses) |
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
80.318 |
43.010 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
10.368 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
69.950 |
43.010 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
54.894 |
33.283 |
|
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD ITEMS BEFORE
TAX |
(2.427) |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
12.629 |
9.727 |
(59.230) |
|
|
|
|
|
|
|
Less |
TAX |
3.957 |
1.003 |
7.550 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.672 |
8.724 |
(66.780) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(77.376) |
(86.100) |
(19.320) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(68.704) |
(77.376) |
(86.100) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
262.600 |
26.500 |
44.200 |
|
|
ECB loan |
0.000 |
0.000 |
87.100 |
|
|
TOTAL EARNINGS |
262.600 |
26.500 |
131.300 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
114.400 |
|
|
TOTAL IMPORTS |
NA |
NA |
114.400 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.57 |
2.58 |
(1.99) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
32.651 |
6.072 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.25 |
2.53 |
(77.20) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
20.83 |
12.47 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.92 |
1.81 |
(13.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.04 |
(0.26) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.64 |
0.34 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
0.98 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
317.602 |
337.602 |
337.602 |
|
Reserves & Surplus |
(86.100) |
(77.375) |
(68.703) |
|
Net worth |
231.502 |
260.227 |
268.899 |
|
|
|
|
|
|
long-term borrowings |
87.790 |
87.790 |
173.158 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
87.790 |
87.790 |
173.158 |
|
Debt/Equity ratio |
0.379 |
0.337 |
0.644 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
86.500 |
344.951 |
385.606 |
|
|
|
298.787 |
11.786 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
86.500 |
344.951 |
385.606 |
|
Profit |
(66.780) |
8.724 |
8.672 |
|
|
(77.20%) |
2.53% |
2.25% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The registered address of the company has been shifted from the Plot
No.23, VGP Industrial Complex, Chettipedu, Taluk Sriperumbadur, District
Kancheepuram - 602105, Tamilnadu, India to the present address w.e.f.
05.01.2012
OPERATIONS
During the period, the Company has made a turnover of Rs 385.600 Million from its operation. The net profit before tax is Rs.12.629 Million during the financial period.
The Directors are continuously looking for avenues for future growth of the Company in Manufacturing of Engine Components such as Valve Train parts, Fuel pump parts and other Engineering components and assemblies manufactured from Iron and Aluminum castings, forged steel and bar stock. The Company had successfully bagged the Orders from the Market Players Globally.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
173.158 |
87.790 |
|
Total |
173.158 |
87.790 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Computer Equipments
- Office 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.66.32 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.