MIRA INFORM REPORT
|
Report No. : |
325857 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHILIPS INDIA LIMITED (w.e.f. 23.10.2013) |
|
|
|
|
Formerly Known
as : |
PHILIPS ELECTRONICS INDIA LIMITED |
|
|
|
|
Registered
Office : |
7, Justice Chandra Madhab Road, Kolkata – 700020, West Bengal |
|
Tel. No.: |
91-33-24867621 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.01.1930 |
|
|
|
|
Com. Reg. No.: |
21-006663 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.575.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31902WB1930PLC006663 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP17956B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP9487A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Electronic Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 : |
Exists |
|
|
|
|
Comments : |
Subject is a subsidiary of Royal Philips of the Netherlands. It is a well-established company having fine track record. Financial position of the company seems to be good. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments. 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 – 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
|
Rating Agency Name |
CRISIL |
|
Rating |
AA – Long Term Rating |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
27.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ - Short Term Rating |
|
Rating Explanation |
Have very strong degree of safety and carry lowest audit risk. |
|
Date |
27.10.2014 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DECLINED BY
Management non co-operative (91-33-24867621)
LOCATIONS
|
Registered Office / Eastern Regional Office: |
7, Justice Chandra
Madhab Road, Kolkata – 700020, West Bengal, India |
|
Tel. No.: |
91-33-24753621/24753627/24964560/26912000
/ 24867123 / 44024000 |
|
Fax No.: |
91-33-24753839/24938722/26912499 |
|
E-Mail : |
|
|
Website : |
www.india.philips.com |
|
Location : |
Owned |
|
|
|
|
Regional
Offices / Branch : |
Mumbai Technopolis Knowledge Park, Mahakali Caves Road, Chakala, Andheri (East), Mumbai - 400 093, Maharashtra, India Tel.:
91-22-6691 2000 Fax
: 91-22-6691 2499 Bangalore
MFAR
Manyata Teck Park, Nagavara, Bangalore – 560045, Karnataka, India Tel.
91-80-41890000 Hyderabad 6-3-1109/1/P/103, 3rd Floor,
Jewel Pawani Towers, Raj Bhavan Road, Somajiguda, Hyderabad – 500082, Andhra
Pradesh, India Tel
No.: 91-40-66467676 Gurgaon 9th
Floor, DLF 9-B, DLF Cyber City, Sector25, DLF Phase-3, Gurgaon – 122002,
India Tel.
No. : 91-124-4606000 |
DIRECTORS
AS ON 20.09.2013
|
Name : |
Mr. Susim Mukul Datta |
|
Designation : |
Director |
|
Address : |
No. 104 Bakhtawar, Lower Colaba Road, Opposite Colaba Post Office, Mumbai
– 400005, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1936 |
|
Date of Appointment : |
31.03.1993 |
|
DIN No.: |
00032812 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31902WB1930PLC006663 |
PHILIPS INDIA
LIMITED |
Director |
25/09/2014 |
31/03/1993 |
- |
Active |
NO |
|
2 |
U65991MH1995PLC087722 |
TATA TRUSTEE
COMPANY LIMITED |
Director |
26/04/1995 |
26/04/1995 |
25/09/2013 |
Active |
NO |
|
3 |
L17100MH1984PLC033143 |
ZODIAC CLOTHING
COMPANY LIMITED |
Director |
25/06/1996 |
25/06/1996 |
05/03/2015 |
Active |
NO |
|
4 |
L23200MH1979PLC021359 |
CASTROL INDIA
LIMITED |
Director |
01/07/1996 |
01/07/1996 |
- |
Active |
NO |
|
5 |
U66010WB1932PLC007490 |
THE PEERLESS
GENERAL FINANCE & INVESTMENT CO LTD |
Director |
12/08/1996 |
12/08/1996 |
- |
Active |
NO |
|
6 |
L65999MH1986PLC147981 |
IL & FS
INVESTMENT MANAGERS LIMITED |
Director |
25/09/1996 |
25/09/1996 |
- |
Active |
NO |
|
7 |
L40200WB1935PLC008184 |
LINDE INDIA
LIMITED |
Director |
12/12/1996 |
12/12/1996 |
09/02/2012 |
Active |
NO |
|
8 |
U74140MH1996PTC103158 |
SMD MANAGEMENT
CONSULTANTS PRIVATE LIMITED |
Director |
10/10/1997 |
10/10/1997 |
- |
Active |
NO |
|
9 |
U65923MH1997PTC109992 |
AMBIT CORPORATE
FINANCE PRIVATE LIMITED |
Director |
07/06/1999 |
07/06/1999 |
30/11/2007 |
Active |
NO |
|
10 |
L24202MH1920PLC000825 |
KANSAI NEROLAC
PAINTS LIMITED |
Director |
17/05/2000 |
17/05/2000 |
31/08/2012 |
Active |
NO |
|
11 |
L70109TG1995PLC019116 |
TRANSPORT
CORPORATION OF INDIA LIMITED |
Director |
31/10/2001 |
31/10/2001 |
- |
Active |
NO |
|
12 |
U51392WB1965PTC026344 |
CHANDRAS'
CHEMICALS ENTERPRISES PRIVATE LIMITED |
Director |
07/01/2002 |
07/01/2002 |
- |
Active |
NO |
|
13 |
L99999GJ1975PLC002859 |
ATUL LIMITED |
Director |
28/10/2002 |
28/10/2002 |
- |
Active |
NO |
|
14 |
U40101KA1986PLC007404 |
BHORUKA POWER
CORPORATION LIMITED |
Director |
23/12/2002 |
23/12/2002 |
- |
Active |
NO |
|
15 |
U65929HR1998PLC037509 |
RABO INDIA
FINANCE LIMITED |
Director |
09/03/2015 |
01/08/2004 |
- |
Active |
NO |
|
16 |
U74140WB1996PTC079369 |
CHR GLOBAL HR
SERVICES PRIVATE LIMITED |
Director |
02/01/2006 |
02/01/2006 |
21/04/2008 |
Active |
NO |
|
17 |
U74899DL1995PLC104560 |
FIRST BLUE HOME
FINANCE LIMITED |
Director |
24/08/2006 |
24/08/2006 |
10/12/2010 |
Amalgamated |
NO |
|
18 |
U55101WB1990PLC049988 |
PEERLESS HOTELS
LIMITED. |
Director |
27/08/2007 |
26/09/2006 |
15/07/2014 |
Active |
NO |
|
19 |
U85110WB1989PLC046938 |
PEERLESS
HOSPITEX HOSPITAL AND RESEARCH CENTER LIMITED. |
Director |
27/08/2007 |
23/04/2007 |
11/08/2010 |
Active |
NO |
|
20 |
U85100MH1991PLC063096 |
WOCKHARDT
HOSPITALS LIMITED |
Director |
09/09/2008 |
13/08/2007 |
03/08/2009 |
Active |
NO |
|
21 |
U63090WB2003PTC097044 |
REACH CARGO
MOVERS PRIVATE LIMITED |
Director |
10/07/2009 |
06/11/2007 |
26/02/2014 |
Active |
NO |
|
22 |
U51900MH1999PTC121703 |
AMBIT HOLDINGS
PRIVATE LIMITED |
Director |
29/07/2008 |
30/11/2007 |
12/04/2012 |
Active |
NO |
|
23 |
L55101WB1999PLC090672 |
SPECIALITY
RESTAURANTS LIMITED |
Director |
01/04/2014 |
09/02/2011 |
- |
Active |
NO |
|
24 |
U31909TN2004PLC053183 |
DOOR SABHA NIGAM
LIMITED |
Director |
29/09/2011 |
18/06/2011 |
30/03/2015 |
Active |
NO |
|
25 |
U70109WB1987PLC042819 |
PEERLESS
FINANCIAL PRODUCTS DISTRIBUTION LIMITED |
Director |
27/08/2012 |
20/04/2012 |
- |
Active |
NO |
|
Name : |
Mr. Jan Hendrik Gerardus Louwman |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 403, The Aralias DLF Golf Links, Golf Course Road, Gurgaon –
122001, Haryana, India |
|
Date of Birth/Age : |
16.09.1965 |
|
Date of Appointment : |
01.04.2010 |
|
Date of Cessation : |
23.12.2014 |
|
DIN No.: |
03038202 |
|
|
|
|
Name : |
Mr. Rajeev Chopra |
|
Designation : |
Managing director |
|
Address : |
D-939, New Friends Colony, New Delhi – 110065, India |
|
Date of Birth/Age : |
22.03.1963 |
|
Date of Appointment : |
01.01.2011 |
|
Date of Cessation : |
04.12.2013 |
|
DIN No.: |
03396723 |
|
|
|
|
Name : |
Mr. Subramanian Venkataramani |
|
Designation : |
Director |
|
Address : |
A 14/14, First Floor, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
16.06.1946 |
|
Date of Appointment : |
13.03.2009 |
|
Date of Cessation : |
26.09.2013 |
|
DIN No.: |
00231228 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv Mathur |
|
Designation : |
Secretary |
|
Address : |
1543, Sector A, Pocket B and C, Vasant Kunj, New Delhi – 110070,
Delhi, India |
|
Date of Birth/Age : |
28.08.1959 |
|
Date of Appointment : |
12.07.2013 |
|
PAN No.: |
AAIPM9775A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2013
MAJOR SHAREHOLDERS – NOT AVAILABLE
Equity Share Break up (Percentage of Total Equity)
AS ON 20.09.2013
|
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 |
96.13 |
|
Bodies corporate |
0.07 |
|
Other top fifty shareholders |
0.46 |
|
Others |
3.32 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electronic Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
KMPG House, Kamala Mills Compound, 448, Senapati Bapat
Marg, Lower Parel, Mumbai – 400 013, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAASK1415H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding and
ultimate holding company : |
Koninklijke Philips N.V (KPNV) |
|
|
|
|
Subsidiaries : |
Preethi Kitchen Appliances Private Limited |
|
|
|
|
Fellow
Subsidiary Companies : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
92000000 |
Equity Shares |
Rs.10/- each |
Rs. 920.000 Million |
|
20000000 |
Preference Share |
Rs.10/- each |
Rs. 200.000 Million |
|
|
TOTAL |
|
Rs. 1120.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
57517242 |
Equity Shares |
Rs.10/- each |
Rs. 575.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
575.000 |
575.000 |
575.000 |
|
(b) Reserves & Surplus |
12459.000 |
10495.000 |
9402.000 |
|
(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) |
13034.000 |
11070.000 |
9977.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
189.000 |
141.000 |
104.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
586.000 |
501.000 |
727.000 |
|
(d) long-term provisions |
662.000 |
664.000 |
367.000 |
|
Total
Non-current Liabilities (3) |
1437.000 |
1306.000 |
1198.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1197.000 |
462.000 |
2139.000 |
|
(b) Trade payables |
8433.000 |
8478.000 |
7376.000 |
|
(c) Other current liabilities |
3573.000 |
3136.000 |
2625.000 |
|
(d) Short-term provisions |
2135.000 |
2044.000 |
1550.000 |
|
Total
Current Liabilities (4) |
15338.000 |
14120.000 |
13690.000 |
|
|
|
|
|
|
TOTAL |
29809.000 |
26496.000 |
24865.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4112.000 |
3,949.000 |
3,555.000 |
|
(ii) Intangible Assets |
0.000 |
135.000 |
148.000 |
|
(iii) Capital work-in-progress |
183.000 |
120.000 |
127.000 |
|
(iv) Intangible assets under
development |
0.000 |
76.000 |
142.000 |
|
(b) Non-current Investments |
1000.000 |
1,000.000 |
1,000.000 |
|
(c) Deferred tax assets (net) |
496.000 |
437.000 |
463.000 |
|
(d) Long-term Loan and Advances |
2924.000 |
2,517.000 |
2,399.000 |
|
(e) Other Non-current assets |
2246.000 |
2,059.000 |
1,989.000 |
|
Total
Non-Current Assets |
10961.000 |
10293.000 |
9823.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6293.000 |
5637.000 |
5362.000 |
|
(c) Trade receivables |
7721.000 |
6946.000 |
4960.000 |
|
(d) Cash and cash equivalents |
1407.000 |
1221.000 |
1390.000 |
|
(e) Short-term loans and
advances |
3329.000 |
2193.000 |
3227.000 |
|
(f) Other current assets |
98.000 |
206.000 |
103.000 |
|
Total
Current Assets |
18848.000 |
16203.000 |
15042.000 |
|
|
|
|
|
|
TOTAL |
29809.000 |
26496.000 |
24865.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
58135.000 |
53166.000 |
55445.000 |
|
|
Other Income |
235.000 |
151.000 |
173.000 |
|
|
TOTAL
(A) |
58370.000 |
53317.000 |
55618.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3991.000 |
3774.000 |
5156.000 |
|
|
Purchases of Stock-in-Trade |
29151.000 |
27451.000 |
27337.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(435.000) |
(466.000) |
(910.000) |
|
|
Employees benefits expense |
8314.000 |
7427.000 |
7171.000 |
|
|
Other expenses |
13338.000 |
12496.000 |
13976.000 |
|
|
Exceptional Items |
(74.000) |
(106.000) |
(41.000) |
|
|
TOTAL
(B) |
54285.000 |
50576.000 |
52689.000 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
4085.000 |
2741.000 |
2929.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
99.000 |
100.000 |
96.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3986.000 |
2641.000 |
2833.000 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
816.000 |
783.000 |
979.000 |
|
|
|
|
|
|
|
Less/ Add |
EXTRAORDINARY ITEMS |
(6.000) |
82.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
3164.000 |
1940.000 |
1854.000 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1069.000 |
630.000 |
516.000 |
|
|
|
|
|
|
|
Less
/ Add |
Minority Interest |
4.000 |
(82.000) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX (G-H) (I) |
2099.000 |
1228.000 |
1338.000 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
9173.000 |
6907.000 |
4563.000 |
|
|
TOTAL
EARNINGS |
9173.000 |
6907.000 |
4563.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1590.000 |
1406.000 |
1890.000 |
|
|
Components and Stores parts |
36.000 |
63.000 |
33.000 |
|
|
Capital Goods |
189.000 |
227.000 |
240.000 |
|
|
TOTAL
IMPORTS |
1815.000 |
1696.000 |
2163.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
36.49 |
21.35 |
23.26 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
|
|
Current Maturities of Long term debt |
0.000 |
0.000 |
50.000 |
|
Cash generated from operations |
0.000 |
0.000 |
0.000 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
3.61 |
2.31 |
2.41 |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
7.03 |
5.16 |
5.28 |
|
|
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
11.25 |
7.80 |
8.01 |
|
|
|
|
|
|
|
|
|
Return on Investment
(ROI)
(PBT/Networth) |
|
0.24 |
0.18 |
0.19 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liabilities /Networth) |
|
0.11 |
0.05 |
0.23 |
|
|
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
1.23 |
1.15 |
1.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
575.000 |
575.000 |
575.000 |
|
Reserves & Surplus |
9402.000 |
10495.000 |
12459.000 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9977.000 |
11070.000 |
13034.000 |
|
|
|
|
|
|
long-term borrowings |
104.000 |
141.000 |
189.000 |
|
Short term borrowings |
2139.000 |
462.000 |
1197.000 |
|
Current Maturity of Long Term
Debts |
50.000 |
0.000 |
0.000 |
|
Total
borrowings |
2293.000 |
603.000 |
1386.000 |
|
Debt/Equity
ratio |
0.230 |
0.054 |
0.106 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
55445.000 |
53166.000 |
58135.000 |
|
|
|
(4.110) |
9.346 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
55445.000 |
53166.000 |
58135.000 |
|
Profit |
1338.000 |
1228.000 |
2099.000 |
|
|
2.41% |
2.31% |
3.61% |
LOCAL AGENCY FURTHER INFORMATION
LITIGATION
|
Case
Status : Pending |
|||||
|
|
|||||
|
Status
of INCOME TAX
APPEAL TENDERED 297
of 2011
COMMISSIONER OF INCOME TAX KOL-IV ,
KOL |
|||||
|
|
|||||
|
Vs. M/S
PHILIPS INDIA LTD . |
|||||
|
|
|||||
|
Pet's
Adv. : S.S .SARKAR
|
|||||
|
|
|||||
|
Res's
Adv.
: |
|||||
|
|
|||||
Thursday, May 07, 2015
|
|||||
|
|
|||||
|
Category : INCOME
TAX : REVENUE |
|||||
|
|
|||||
|
|||||
|
|
|||||
|
|
|||||
|
Case Updated on: Thursday,
April 09, 2015 |
|||||
|
|
|
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 |
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) |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans Repayable on demand from banks |
1197.000 |
462.000 |
|
|
|
|
|
Total |
1197.000 |
462.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10333948 |
26/12/2011 |
1,000,000,000.00 |
STATE BANK OF
INDIA |
CAG BRANCH,
JAWAHAR VYAPAR BHAWAN, 11TH And 12TH
FLOOR, 1 TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B31429764 |
FINANCE AND
ACCOUNTS
The Company has
delivered positive net cash from operations through improved sales performance
and working capital management. The Company has not made any major borrowing in
this year and has managed working capital requirements from internal cash
generation.
During the year,
the Company has placed inter-company deposits (ICD) with Preethi Kitchen
Appliances Private Limited to the tune of Rs.1,010 million taking the total
ICDs placed with Preethi Kitchen Appliances Private Limited to Rs.1,950
million. These ICDs were from internal accruals.
Capital
expenditure during the year was Rs. 1,016 million (Rs. 1,155 million during
2012-13) and was towards addition of production line in Vadodara light factory,
Information Technology and other cost saving projects.
The Company
continued facilitating Healthcare sales with innovative financial solutions to
support customers and business, in keeping up pace with the market growth to
the tune of Rs. 2,773 million, using internal accruals.
Lifestyle
entertainment business has been transferred to Woox Innovations India Private
Limited, during the year, at a total consideration ofRs.1,006.31 million.
During the year, the Company has transferred unpaid dividend of Rs. 1.21
million to Investor Education and Protection Fund.
BUSINESS PERFORMANCE
The Notes to the Profit and Loss Account for the year provide segment results. The required disclosure is made below for the Lighting, Consumer Lifestyle, Healthcare and Innovation Campus (Software) Sectors.
CHANGE OF NAME
During the period from 2005 to 2012, as part of its business restructuring, Philips globally divested various non-core and non-profit making business such as Semiconductor business, Television business and Lifestyle Entertainment business.
Accordingly the parent company changed its name from Koninklijke Philips Electronics N.V. to Koninklijke Philips N.V. (KPNV) with effect from May 15, 2013.
In line with global divestment, the same businesses were also divested in India and other countries. Currently in India, Philips operates in Lighting, Consumer Lifestyle and Healthcare Sectors. Since the name Philips Electronics India Limited did not reflect the true nature of the current business operations, the name of the Company was changed from Philips Electronics India Limited to Philips India Limited with effect from October 23, 2013.
FIXED ASSETS
- Software
- Land
- Buildings
- Leaseholds
- Land
- Improvements
- Other assets
- Machinery and equipment
- Furniture and fittings
- Vehicles
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.63.85 |
|
|
1 |
Rs.98.12 |
|
Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
66 |
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.