MIRA INFORM REPORT
|
Report No. : |
305791 |
|
Report Date : |
03.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AHMEDNAGAR FORGINGS LIMITED |
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Registered
Office : |
Gate No. 614,
Village Kurulikhed, Pune - 410501, |
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Country : |
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Financials (as
on) : |
30.09.2014 |
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Date of
Incorporation : |
21.03.1977 |
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Com. Reg. No.: |
11-019569 |
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Capital
Investment / Paid-up Capital : |
Rs.367.500 Millions |
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CIN No.: [Company Identification
No.] |
L28910MH1977PLC019569 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA05185F |
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PAN No.: [Permanent Account No.] |
AACCA3454H |
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Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Manufacture and Distribution of High-Precision Closed Die Steel
Forgings and Auto Components for the Automotive, Defence and Railway
Industries. |
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|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s sound financial risk profile marked by
fair liquidity position and adequate profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk |
|
Date |
16.04.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
16.04.2013 |
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.
INFORMATION DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Reception |
|
Contact No.: |
91-20-66031188 |
|
Date : |
02.02.2015 |
LOCATIONS
|
Registered Office : |
Gate No. 614,
Village Kurulikhed, Pune - 410501, Maharashtra, India |
|
Tel. No.: |
91-20-66031188 91-2135-233099 / 254005 / 252805 / 252734 / 252735 |
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Fax No.: |
91-20-66031177 91-2135-252105 |
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E-Mail : |
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Website : |
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Head Office : |
Office No.604, 6th Floor, The Great Eastern Plaza, Opposite
Gunjan Theatre, Airport Road, Yerawada, Pune-411006, Maharashtra, India |
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|
Works : |
Located At : · D 95, MIDC Area, Manmad Road, P.O. Box-2, Ahmednagar - 414111, Maharashtra, India · Chakan, District Pune, Maharashtra, India · Kuruli, District Pune, Maharashtra, India · Nalagarh, District Solan, Himachal Pradesh, India |
DIRECTORS
|
Name : |
Mr. Arvind Dham |
|
Designation : |
Director |
|
Address : |
B - 7, Geetanjali Enclave, New Delhi - 110017, India |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
00047217 |
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|
Name : |
Mr. Deshpal Singh Malik |
|
Designation : |
Director |
|
Address : |
355, Sector - 29, Varun Vihar, Noida, Gautam Budh Nagar - 201303,
Uttar Pradesh, India |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
00052362 |
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|
Name : |
Mr. Bahushrut Lugani |
|
Designation : |
Director |
|
Address : |
A - 3.106, Ekta Garden, 9, Patpargang, Delhi - 110092, India |
|
Date of Appointment : |
31.07.2003 |
|
DIN No.: |
00052387 |
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|
Name : |
Mr. Gautam Malhotra |
|
Designation : |
Director |
|
Address : |
B-7,Geetanjali Enclave, New Delhi - 110017, India |
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Date of Birth/Age : |
|
|
Date of Appointment : |
12.06.2006 |
|
DIN No.: |
00157488 |
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|
Name : |
Mr. Sanjiv Bhasin |
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Designation : |
Director |
|
Address : |
House Number 3171, Sector 21 D, Chandigarh - 160022, India |
|
Date of Appointment : |
13.08.2013 |
|
DIN No.: |
01119788 |
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|
|
|
Name : |
Mr. Vivek Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Ashiana The Heritage, D-108, Plot No.-14, Sector-4, Vaishali, Ghazibad
- 201011, Uttar Pradesh, India |
|
Date of Appointment : |
Director |
|
DIN No.: |
01479902 |
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|
|
|
Name : |
Mr. Sitaraman Easwara Krishnan |
|
Designation : |
Director |
|
Address : |
C2, 90, Parameshwar Vihar, 28, Arcot Road, Shligramam, Chennai - 600093, Tamil Nadu, India |
|
Date of Appointment : |
31.01.2003 |
|
DIN No.: |
01674237 |
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|
|
|
Name : |
Mr. Sowmyanarayanan Rajagopalan |
|
Designation : |
Whole Time Director |
|
Address : |
A-42 E, Dda Flats, Munirka, New Delhi - 110067, India |
|
Date of Appointment : |
25.10.2008 |
|
DIN No.: |
02403272 |
KEY EXECUTIVES
|
Name : |
Mr. Ram Prasad Jambunathan |
|
Designation : |
Chief Finance Officer |
|
Address : |
211 Sampada Nagar, 307 Somwar Peeth, Pune - 410501, Maharashtra, India |
|
Date of Appointment : |
24.11.2014 |
|
PAN No.: |
AAMPJ5873C |
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|
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|
Name : |
Mrs. Swati Ahuja |
|
Designation : |
Secretary |
|
Address : |
H. No-278 B, Balbir Nagar, Shahdara, New Delhi - 110032, India |
|
Date of Appointment : |
16.05.2012 |
|
PAN No.: |
AJVPA6176D |
SHAREHOLDING PATTERN
As on 30.09.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
23804492 |
64.77 |
|
|
23804492 |
64.77 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
23804492 |
64.77 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
3748327 |
10.20 |
|
|
239422 |
0.65 |
|
|
732629 |
1.99 |
|
|
600 |
0.00 |
|
|
600 |
0.00 |
|
|
4720978 |
12.85 |
|
|
|
|
|
|
2595688 |
7.06 |
|
|
|
|
|
|
3811847 |
10.37 |
|
|
1128741 |
3.07 |
|
|
688254 |
1.87 |
|
|
225178 |
0.61 |
|
|
130946 |
0.36 |
|
|
330530 |
0.90 |
|
|
1600 |
0.00 |
|
|
8224530 |
22.38 |
|
Total
Public shareholding (B) |
12945508 |
35.23 |
|
Total
(A)+(B) |
36750000 |
100.00 |
|
(C) Shares
held by Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
36750000 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Distribution of High-Precision Closed Die Steel
Forgings and Auto Components for the Automotive, Defence and Railway
Industries. |
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|
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|
Products : |
High-Precision Closed Die Steel Forgings and Auto Components |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
· Andhra Bank · Karur Vysya Bank Limited, 882, Prthcinath Marg, East Park Road, Karol Bagyh, New Delhi – 110005, India · IDBI Bank Limited · United Bank of India, Corporate Finance Branch, 106-109, Ansal Tower, 38, Nehru Place, New Delhi – 110019, India · Corporation Bank |
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Facilities : |
-- |
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Auditors : |
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Name : |
Manoj Mohan and Associates Chartered Accountants |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company
: |
Amtek Auto Limited |
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|
|
|
Subsidiaries of
the Holding Company : |
·
Amtek Deutshland GmbH ·
Amtek Investment UK Limited ·
Amtek Germany Holding GP GmBH ·
Amtek Germany Holding GmBH and Company KG ·
Amtek Holding BV ·
Amtek Global Technologies Pte. Limited ·
Amtek Transportation Systems Limited ·
Alliance Hydro Power Limited ·
Amtek India Limited ·
Amtek Defence Technologies Limited ·
JMT Auto Limited |
|
|
|
|
Subsidiaries of Subsidiaries of
the Holding Company : |
·
Amtek Tekfor Holding GmbH ·
Neumayer Tekfor GmbH ·
Tekfor Services GmbH ·
Neumayer Tekfor Rotenburg GmbH ·
Neumayer Tekfor Schmolln GmbH ·
Neumayer Tekfor Engineering GmbH ·
GfsV ·
Neumayer Tekfor Japan Co. Limited ·
Tekfor Inc. ·
Tekfor Maxico SA de CV ·
Neumayer Tekfor Automotive Brasil Ltda. ·
Neumayer Tekfor SpA ·
Tekfor Maxico Services ·
Tekfor Services Inc. ·
Amtek Powertrain Components B.V. ·
Amtek Powertrain RUS LLC ·
Amertec Systems Private Limited ·
Amtek Kuepper GmbH ·
August Kupper GmbH ·
H.J Kupper System- Und Modultechnik GmbH ·
H.J Kupper Metallbearbeitung GmbH ·
SKD- GieBerei GMBH ·
Kupper Hungaria Kft |
|
|
|
|
Associates of the Holding Company
: |
·
ARGL Limited (Formerly known as Amtek Ring Gears Limited) ·
ACIL Limited (Formerly known as Amtek Crankshafts India Limited) ·
Amtek Tekfor Automotive Limited ·
Joint Venture of Holding Co. ·
MPT Amtek Automotive (India) Limited ·
SMI Amtek Crankshafts Private Limited |
|
|
|
|
Associates of
Subsidiaries of the Holding Company |
·
Amtek Railcar Private Limited ·
Terrasoft Infosystems Private Limited |
|
|
|
|
Joint Venture of
Subsidiary of the Holding Company : |
·
SFE GmbH |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36750000 |
Equity Shares |
Rs.10/- each |
Rs.367.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
30.09.2014
(12
Months) |
30.09.2013
(15
Months) |
30.06.2012 (12
Months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
367.500 |
367.500 |
367.500 |
|
(b) Reserves & Surplus |
10592.200 |
8705.739 |
7015.585 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
600.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
10959.700 |
9673.239 |
7383.085 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15731.100 |
16771.113 |
4485.422 |
|
(b) Deferred tax liabilities
(Net) |
2008.600 |
1450.312 |
1044.099 |
|
(c) Other long term liabilities |
98.800 |
1257.405 |
120.295 |
|
(d) long-term provisions |
51.900 |
43.967 |
30.219 |
|
Total
Non-current Liabilities (3) |
17890.400 |
19522.797 |
5680.035 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5190.400 |
2502.039 |
1960.113 |
|
(b) Trade payables |
1227.800 |
933.731 |
959.667 |
|
(c) Other current liabilities |
6787.700 |
2711.297 |
1701.475 |
|
(d) Short-term provisions |
63.000 |
198.136 |
99.577 |
|
Total
Current Liabilities (4) |
13268.900 |
6345.203 |
4720.832 |
|
|
|
|
|
|
TOTAL |
42119.000 |
35541.239 |
17783.952 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
27728.900 |
19922.870 |
9679.180 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1471.000 |
7067.196 |
454.289 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.200 |
9.196 |
9.096 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
26.500 |
35.847 |
911.785 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
29235.600 |
27035.109 |
11054.350 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.200 |
0.189 |
0.189 |
|
(b) Inventories |
5956.100 |
3016.305 |
2637.129 |
|
(c) Trade receivables |
5124.400 |
2637.992 |
2826.822 |
|
(d) Cash and cash equivalents |
1340.100 |
2383.265 |
743.724 |
|
(e) Short-term loans and
advances |
456.000 |
462.318 |
519.210 |
|
(f) Other current assets |
6.600 |
6.061 |
2.528 |
|
Total
Current Assets |
12883.400 |
8506.130 |
6729.602 |
|
|
|
|
|
|
TOTAL |
42119.000 |
35541.239 |
17783.952 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2014
(12
Months) |
30.09.2013
(15
Months) |
30.06.2012 (12
Months) |
|
|
SALES |
|
|
|
|
|
Income |
24169.000 |
17184.870 |
12140.457 |
|
|
Other Income |
0.000 |
430.111 |
43.857 |
|
|
TOTAL
(A) |
24169.000 |
17614.981 |
12184.314 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
16874.700 |
11189.839 |
7985.070 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1193.900) |
(74.438) |
(107.051) |
|
|
Employees benefits expense |
982.900 |
957.358 |
600.185 |
|
|
Other expenses |
1356.600 |
982.854 |
731.084 |
|
|
TOTAL
(B) |
18020.300 |
13055.613 |
9209.288 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
6148.700 |
4559.368 |
2975.026 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1959.100 |
1010.282 |
648.461 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4189.600 |
3549.086 |
2326.565 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1365.800 |
979.487 |
612.951 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
2823.800 |
2569.599 |
1713.614 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
893.000 |
836.734 |
504.886 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
1930.800 |
1732.865 |
1208.728 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
52.54 |
47.15 |
32.89 |
KEY RATIOS
|
PARTICULARS |
|
30.09.2014
(12
Months) |
30.09.2013
(15
Months) |
30.06.2012 (12
Months) |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.99 |
10.08 |
9.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
25.44 |
26.53 |
24.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.95 |
9.03 |
9.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.27 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.91 |
1.99 |
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
1.34 |
1.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.06.2012 (12
Months) |
30.09.2013 (15 Months) |
30.09.2014
(12
Months) |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
367.500 |
367.500 |
367.500 |
|
Reserves & Surplus |
7015.585 |
8705.739 |
10592.200 |
|
Share Application money pending allotment |
0.000 |
600.000 |
0.000 |
|
Net
worth |
7383.085 |
9673.239 |
10959.700 |
|
|
|
|
|
|
long-term borrowings |
4485.422 |
16771.113 |
15731.100 |
|
Short term borrowings |
1960.113 |
2502.039 |
5190.400 |
|
Total
borrowings |
6445.535 |
19273.152 |
20921.500 |
|
Debt/Equity
ratio |
0.873 |
1.992 |
1.909 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.06.2012 (12
Months) |
30.09.2013 (15 Months) |
30.09.2014
(12 Months) |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
12140.457 |
17184.870 |
24169.000 |
|
|
|
41.550 |
40.641 |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.06.2012 (12
Months) |
30.09.2013 (15 Months) |
30.09.2014
(12
Months) |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
12140.457 |
17184.870 |
24169.000 |
|
Profit |
1208.728 |
1732.865 |
1930.800 |
|
|
9.96% |
10.08% |
7.99% |
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 |
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 |
-- |
|
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 |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL PERFORMANCE
Operating in a volatile and uncertain environment, the Company demonstrated the resilience of it business model, The Company’s best in class automotive component business enabled it to deliver robust profits during the financial year under review. The revenue of the Company is Rs.24169.035 Millions compared to Rs.17614.981 Millions during the previous year. The Profit after tax Rs.1930.851 Millions as compared to the previous year of Rs.1732.865 Millions. The Company has a strong Reserve & Surplus position of Rs.10592.208 Millions.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10541918 |
18/12/2014 |
10,270,000,000.00 |
Andhra Bank |
M-35 Connaught Circus, New Delhi, New Delhi, Delhi - 110001, India |
C39893730 |
|
2 |
10530901 |
14/11/2014 |
750,000,000.00 |
State Bank Of Mysore |
F-6 Upper Ground Floor , East Of Kailash, Lala Lajpat Rai Marg, New Delhi, Delhi - 110065, India |
C33385667 |
|
3 |
10527256 |
09/10/2014 |
1,000,000,000.00 |
The South Indian Bank Limited |
New
Delhi-Karol Bagh Branch 16a/17 Ajmal Khan Road, Opp Gate No.1 Metro Station
Karol Bagh, Delhi, |
C30738355 |
|
4 |
10520898 |
29/08/2014 |
600,000,000.00 |
Allahabad Bank |
Industrial Finance Branch 2nd Floor, 17 Parliament Street, New Delhi, Delhi - 110001, India |
C21446976 |
|
5 |
10466617 |
30/09/2014 * |
3,000,000,000.00 |
State Bank Of India |
INDUSTRIAL
FINANCE BRANCH 14th FLOOR JAWAHAR, VYA |
C31500689 |
|
6 |
10455327 |
30/09/2014 * |
1,500,000,000.00 |
Corporation Bank |
Hindustan
Times Building, 10th Floor, 18/20, K.G |
C39686787 |
|
7 |
10455051 |
26/08/2013 |
1,000,000,000.00 |
Indian Bank |
New Delhi, Main Branch, G-41, Connaught Circus, New Delhi, Delhi - 110001, India |
B87551925 |
|
8 |
10414367 |
28/03/2013 |
1,000,000,000.00 |
State Bank Of Bikaner And Jaipur |
Barakhamba Road, New Delhi, Delhi - 110001, India |
B71658843 |
|
9 |
10414180 |
30/09/2014 * |
1,000,000,000.00 |
State Bank Of Hyderabad |
Core-6 Scope Complex, Lodhi Road, New Delhi, Delhi - 110003, India |
C31022163 |
|
10 |
10413297 |
03/12/2014 * |
1,080,000,000.00 |
Standard Chartered Bank |
(Acting As An Security Agent) Cdu,, Narain Manzil, 23 Barakhamba Road, New Delhi, Delhi - 110001, India |
C36604221 |
|
11 |
10402052 |
30/09/2014 * |
1,500,000,000.00 |
United Bank Of India |
Corporate
Finance Branch 106-109 Ansal Tower, 38 Nehru Place New Delhi, New Delhi,
Delhi - 110019, |
C34318709 |
|
12 |
10395156 |
24/12/2012 |
2,000,000,000.00 |
State Bank Of Patiala |
Commercial Branch,, Chandralok Building, 36, Janpath ,, New Delhi, Delhi - 110001, India |
B65225922 |
|
13 |
10394360 |
08/07/2014 * |
2,750,000,000.00 |
IDBI Bank Limited |
Red
Cross Society Building ,1 Red Cross Road, New |
C15226897 |
|
14 |
10422884 |
08/07/2014 * |
2,400,000,000.00 |
Bank Of Maharashtra |
A-13
Ring Road, South Extension Part-1, New Delhi |
C18248450 |
|
15 |
10368003 |
08/07/2014 * |
2,500,000,000.00 |
IDBI Trusteeship Services Limited |
Asian
Building, Ground Floor, 17 R Kamani Marg, B |
C15114671 |
|
16 |
10368075 |
31/07/2012 |
200,000,000.00 |
ICICI Bank Limited |
ICICI Branch Tower, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India |
B44703692 |
|
17 |
10284080 |
28/03/2013 * |
4,000,000,000.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
B72983331 |
|
18 |
10275640 |
08/07/2014 * |
1,750,000,000.00 |
IDBI Bank Limited |
Indian Red Cross Society Building, 1 Red Cross Road, New Delhi, Delhi - 110001, India |
C15215916 |
|
19 |
90092554 |
24/09/2014 * |
1,790,000,000.00 |
Karur Vyasa Bank Limited |
882
Prithvinath Marg, East Park Road Karol Bagh, |
C33827007 |
|
20 |
90088676 |
12/07/2014 * |
4,380,000,000.00 |
Andhra Bank |
M-35 Connaught Circus, Branch New Dehi, New Delhi, Delhi - 110001, India |
C11901295 |
|
11 |
10402052 |
30/09/2014 * |
1,500,000,000.00 |
United Bank Of India |
Corporate
Finance Branch 106-109 Ansal Tower, 38 Nehru Place New Delhi, New Delhi,
Delhi - 110019, |
C34318709 |
|
21 |
90084774 |
17/04/1998 * |
50,000,000.00 |
The
Industrial Credit & Investment Corpo. Of India |
163; Backbay Reclamation, Mumbai, Maharashtra - 400020, India |
- |
|
22 |
90089753 |
12/10/1992 * |
10,000,000.00 |
Bank Of Baroda |
Midc Branch, Ahmednagar, Maharashtra - 414111, India |
- |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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.61.89 |
|
UK Pound |
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT / KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
NO |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
60 |
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.