MIRA INFORM REPORT
|
Report No. : |
344072 |
|
Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANU INDUSTRIES LIMITED (w.e.f. 03.12.2001) |
|
|
|
|
Formerly Known
As : |
ANU INDUSTRIES PRIVATE LIMITED ANU AUTO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-9, Ashok Vihar, Phase – I, |
|
Tel No.: |
91-124-4010363 |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
06.05.1986 |
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|
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Com. Reg. No.: |
55-024134 |
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|
Capital
Investment / Paid-up Capital : |
Rs.110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72190DL1986PLC024134 |
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|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA03606B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA1140L |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the manufacturing and sale of Automotive Components. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low during 2014. However,
general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
LOCATIONS
|
Registered Office : |
A-9, Ashok Vihar, Phase – I, |
|
Tel. No.: |
91-124-4010363 |
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Fax No.: |
91-124-2340685 |
|
E-Mail : |
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|
Website : |
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Factory 1: |
Plot No.102-103, Udyog Vihar, Phase – IV, Gurgaon – 122015, |
|
Tel No.: |
91-124-6341240 /
6340145 / 4801400 |
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Fax No. : |
91-124-2340685 |
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Email : |
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Factory 2: |
Plot No. 52, Sector-3, IMT, Manesar, |
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Factory 3: |
Plot No. 154,TrunkRoad, Porur, Chennai, |
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Factory 4 : |
Also Located at: Haridwar, Uttaranchal, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Anil Minda |
|
Designation : |
Managing director |
|
Address : |
A – 9, Ashok Vihar, Phase – I, |
|
Date of Birth : |
29.12.1954 |
|
Date of Appointment : |
06.05.1986 |
|
PAN No.: |
AATPM3795M |
|
DIN No. : |
00321553 |
|
Name : |
Ms. Kalpana Minda |
|
Designation : |
Whole-time Director |
|
Address : |
A – 9, Ashok Vihar, Phase – I, |
|
Date of Birth : |
06.06.1955 |
|
Date of Appointment : |
06.05.1986 |
|
PAN No.: |
AATPM3794L |
|
DIN No. : |
02443552 |
|
Name : |
Mr. Jaideo Prasad Minda |
|
Designation : |
Director |
|
Address : |
A-9, Ashok Vihar, Phase-I, Delhi - 110052, India |
|
Date of Birth/Age : |
08.09.1932 |
|
Date of Appointment : |
06.05.1986 |
|
DIN No. : |
00045623 |
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PAN No.: |
AATPM3790Q |
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|
|
|
Name : |
Mrs. Ashwani Minda |
|
Designation : |
Director |
|
Address : |
A – 9, Ashok Vihar, Phase – I, |
|
Date of Birth : |
14.07.1959 |
|
Date of Appointment : |
06.05.1986 |
|
PAN No.: |
AATPM3791R |
|
DIN No. : |
00049966 |
|
|
|
|
Name : |
Ms. Vidya Sagar Paul |
|
Designation : |
Director |
|
Address : |
B-275, G.K.,I, New Delhi - 110048, Delhi, India |
|
Date of Birth/Age : |
02.12.1957 |
|
Date of Appointment : |
27.07.2012 |
|
DIN No. : |
00834558 |
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|
|
|
Name : |
Mr. Sanjay Dhawan |
|
Designation : |
Director |
|
Address : |
H.No.-933, Sec. 17-B, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
20.05.1958 |
|
Date of Appointment : |
27.07.2012 |
|
DIN No. : |
01275608 |
KEY EXECUTIVES
|
Name : |
Mr. Akash Singh |
|
Designation : |
Secretary |
|
Address : |
L-6A Street-1, Block-L, Mahipalpur, New Delhi - 110037, India |
|
Date of Appointment : |
20.11.2014 |
|
PAN No.: |
DDMPS2632J |
|
|
|
|
Name : |
Richa Minda |
|
Designation : |
Chief Finance Officer |
|
Address : |
K-10/29A, DLF Phase- 2, Gurgaon, 122002, Haryana, India |
|
Date of Appointment : |
30.09.2014 |
|
PAN No.: |
AHWPM1136A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Anil Minda |
2903000 |
|
Kalpana Minda |
2426360 |
|
Richa Minda |
100 |
|
Ashwani Minda |
3700 |
|
J. P. Minda |
52080 |
|
Vandana Minda |
31460 |
|
Dwarika Electronvest Private Limited |
15000 |
|
J. A. Builders Limited |
245300 |
|
Mew Tools Private Limited |
230700 |
|
ELA Overseas Private Limited |
25000 |
|
Grow Fast Securities and Creditors Limited |
199800 |
|
Kritika Exports Private Limited |
90000 |
|
Swell Exports Private Limited |
87500 |
|
Commitment Finance Limited |
2230000 |
|
Consorium Vyapaar Limited |
865000 |
|
Electricals and Electronics India Limited |
894000 |
|
Heaven Suppliers Private Limited |
616000 |
|
Grow Fast Securities Private Limited |
3000 |
|
Kuber Goods Private Limited |
25000 |
|
Mukul Mills Private Limited |
10000 |
|
Vandana Design Private Limited |
13000 |
|
Shyambaba Distributors Private Limited |
15000 |
|
Titanic Chemicals Private Limited |
10000 |
|
Weldon Vanijya Private Limited |
9000 |
|
Total |
11000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
50.76 |
|
Directors or relatives of Directors |
49.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the manufacturing and sale of Automotive Components. |
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Products : |
v
Electrical - Ignition coil, Ignition wire set,
Noise Suppressor cap v
Electronic - Central door lock unit, wipe
wash intermittent ckt assembly v
Electromechnical - Relays (flasher,
starter), solenoid type starter relays, washer motor pumps, Motorized door
actuators v
Mechanical - Handles, Locks, Fuel caps,
Aluminium tubes |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
V.C. Gautam and Company Chartered Accountants |
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Address : |
B-3, Kailash Colony, New Delhi – 110048, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV3990J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprise over
which Key Managerial Personnel and their relatives are able to exercise
significant influence: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
110.000 |
100.000 |
50.980 |
|
(b) Reserves & Surplus |
318.261 |
258.238 |
255.952 |
|
(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) |
428.261 |
358.238 |
306.932 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
176.888 |
162.192 |
153.373 |
|
(b) Deferred tax liabilities
(Net) |
42.959 |
38.162 |
32.284 |
|
(c) Other long term
liabilities |
40.928 |
0.000 |
25.098 |
|
(d) long-term provisions |
6.613 |
6.681 |
4.107 |
|
Total
Non-current Liabilities (3) |
267.388 |
207.035 |
214.862 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
243.448 |
228.326 |
133.965 |
|
(b) Trade payables |
25.603 |
17.831 |
171.735 |
|
(c) Other current liabilities |
335.022 |
279.913 |
112.364 |
|
(d) Short-term provisions |
23.512 |
20.801 |
17.730 |
|
Total
Current Liabilities (4) |
627.585 |
546.871 |
435.794 |
|
|
|
|
|
|
TOTAL |
1323.234 |
1112.144 |
957.588 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
585.254 |
481.462 |
435.239 |
|
(ii) Intangible Assets |
4.625 |
4.732 |
4.998 |
|
(iii) Capital work-in-progress |
58.796 |
27.581 |
14.827 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.167 |
10.167 |
10.167 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.568 |
2.493 |
4.747 |
|
(e) Other Non-current assets |
22.301 |
24.251 |
27.830 |
|
Total
Non-Current Assets |
683.711 |
550.686 |
497.808 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
301.164 |
261.365 |
242.120 |
|
(c) Trade receivables |
222.129 |
202.688 |
181.268 |
|
(d) Cash and cash equivalents |
4.127 |
10.285 |
3.238 |
|
(e) Short-term loans and
advances |
112.103 |
87.086 |
33.087 |
|
(f) Other current assets |
0.000 |
0.034 |
0.067 |
|
Total
Current Assets |
639.523 |
561.458 |
459.780 |
|
|
|
|
|
|
TOTAL |
1323.234 |
1112.144 |
957.588 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1385.629 |
1305.061 |
1266.402 |
|
|
Other Income |
5.018 |
2.557 |
3.676 |
|
|
TOTAL
(A) |
1390.647 |
1307.618 |
1270.078 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
999.076 |
893.695 |
878.239 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(72.332) |
5.509 |
(16.288) |
|
|
Employees benefits expense |
170.527 |
152.816 |
130.351 |
|
|
Exceptional Items |
0.250 |
0.033 |
0.033 |
|
|
Other expenses |
205.088 |
191.193 |
193.548 |
|
|
TOTAL
(B) |
1302.609 |
1243.246 |
1185.883 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
88.038 |
64.372 |
84.195 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.641 |
30.427 |
29.667 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.397 |
33.945 |
54.528 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
26.852 |
23.738 |
21.783 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
13.545 |
10.207 |
32.745 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
7.022 |
7.920 |
15.392 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
6.523 |
2.287 |
17.353 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.59 |
0.23 |
3.45 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
335.022 |
279.913 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
111.992 |
(24.356) |
90.765 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.47 |
0.18 |
1.37 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.35 |
4.93 |
6.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.08 |
0.95 |
3.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.03 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.76 |
1.87 |
0.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.03 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
50.980 |
100.000 |
110.000 |
|
Reserves & Surplus |
255.952 |
258.238 |
318.261 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
306.932 |
358.238 |
428.261 |
|
|
|
|
|
|
long-term borrowings |
153.373 |
162.192 |
176.888 |
|
Short term borrowings |
133.965 |
228.326 |
243.448 |
|
current maturities of
long-term debts |
0.000 |
279.913 |
335.022 |
|
Total
borrowings |
287.338 |
670.431 |
755.358 |
|
Debt/Equity
ratio |
0.936 |
1.871 |
1.764 |
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 |
1266.402 |
1305.061 |
1385.629 |
|
|
|
3.053 |
6.174 |
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 |
1266.402 |
1305.061 |
1385.629 |
|
Profit |
17.353 |
2.287 |
6.523 |
|
|
1.37% |
0.18% |
0.47% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
OPERATIONS
Revenue from Operations for FY 2013-14 stands at Rs. 1385.629 Million as against Rs. 1305.062 Million during FY 2012-13, reflecting a rise of around 6.2%.
Major expense heads for the Company includes Raw Material costs, Manufacturing costs and Employee benefits expenses. However, during the F.Y. 2013-14, the Company has managed to earn a Net Profit amounting to Rs. 6.523 Million as against Rs. 2.287 Million during the F.Y. 2012-13.
GENERAL INFORMATION
Subject registered with Registrar of Companies vide registration Number "U72190DL1986PLC024134", is a public limited company domiciled in India and incorporated on 6th May 1986 under the provisions of the Companies Act, 1956. The registered office of the company is situated at A-9, Ashok Vihar, Phase I, New Delhi - 110052. The company is primarily engaged in the manufacturing and sale of Automotive Components. The company caters to both international and domestic market. The company has its manufacturing plants located at Gurgaon, Manesar, Haridwar and Chennai. In these financial statements, current year figures are from April 1st 2013 to March 31st 2014. The functional and reporting currency of the Company is Indian Rupees (INR).
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
17.194 |
17.028 |
|
Total |
17.194 |
17.028 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10371376 |
27/05/2013 * |
90,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - |
B77257400 |
|
2 |
10359169 |
04/06/2012 |
51,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B41019456 |
|
3 |
10219480 |
16/06/2014 * |
412,100,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR AMBADEEP BUILDING, 14, K G MARG, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C06760243 |
|
4 |
10090182 |
07/02/2008 |
8,700,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
A33290743 |
|
5 |
10087893 |
11/11/2008 * |
198,800,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
A51645190 |
|
6 |
10064479 |
30/07/2007 |
95,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
A21118427 |
|
7 |
10081087 |
30/07/2007 |
95,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
A25466251 |
|
8 |
80023032 |
15/10/2008 * |
143,700,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
A51645331 |
|
9 |
90047981 |
28/06/2000 |
1,000,000.00 |
CANARA BANK |
3-F; KAMLA NAGAR, DELHI, DELHI, INDIA |
- |
|
10 |
90047631 |
18/05/2000 * |
4,000,000.00 |
HARYANA STATE INDL. DEV. CORP. LTD. |
SECTOR 17- A, CHANDIGARH, CHANDIGARH, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Ships vessels
- Motor vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Know-how
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.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.