MIRA INFORM REPORT
|
Report No. : |
344791 |
|
Report Date : |
12.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
JYOTI CNC AUTOMATION LIMITED |
|
|
|
|
Formerly Known As
: |
JYOTI CNC AUTOMATION PRIVATE LIMITED (w.e.f. 28.04.2008) JYOTI CNC AUTOMATIONS PRIVATE LIMITED AMB ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-506, Lodhika, G.I.D.C. Estate, Village Metoda, Rajkot –
360 021, Gujarat |
|
Tel. No.: |
91-2827-287081 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.01.1991 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.286.794 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29221GJ1991PLC014914 |
|
|
|
|
IEC No.: |
2403001261 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTJ00293G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ1947R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is principally engaged in the business of manufacturing of CNC
Machines. |
|
|
|
|
No. of Employees
: |
1800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company having satisfactory track. It was established in the year 1991 and it is engaged in business of manufacturing of CNC machines. The company possesses decent operational performance by achieving net profit margin of 7.69% during the year 2014. Further, rating also takes into consideration company's sound financial risk profile backed by its good net worth base and strong debt protection metrics. Trade relations are fair. Business is active. Payment terms are reported to be usually 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB- |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
09.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit. |
|
Date |
09.01.2015 |
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 PARTED BY
|
Name : |
Mr. Bhavesh Chauhan |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-7874088090 |
|
Date : |
09.10.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
G-506, Lodhika, G.I.D.C. Estate, Village Metoda, Rajkot – 360 021, Gujarat, India |
|
Tel. No.: |
91-2827-287081/
287082/ 287412/ 287052/ 287212/ 287812 |
|
Mobile No.: |
91-7874088090 (Mr. Bhavesh Chauhan) |
|
Fax No.: |
91-2827-287480 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Leased |
|
Locality: |
Industrial |
|
|
|
|
Factory 2 : |
2839, Lodhika, G.I.D.C., Metoda, Rajkot – 360 021, Gujarat, India |
|
|
|
|
Administrative Office : |
Dr. V.S. Road, Gondal Road, Rajkot – 360 004, Gujarat,
India |
|
Tel. No.: |
91-281-2386331/ 2372039 |
|
Fax No.: |
91-281-2367625 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
70778 sq. mt. |
|
Location : |
Leased |
|
|
|
|
Branch Office 1: |
M-62, 11th Cross, Brindhavan Nagar, TNHB, 7th
Phase, Hosur – 635 109, India |
|
E-Mail : |
|
|
|
|
|
Branch Office 2: |
412, Abhishree, Opposite Star India Bazaar, Satellite Road, Ahmedabad
– Ahmedabad, India |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Parakramsinh Ghanshyamsinh Jadeja |
|
Designation : |
Managing
Director |
|
Address : |
“Osho”,
2, Shivaji Park, Near Airport, Rajkot – 360 001, Gujarat, India |
|
Date of Birth/Age : |
21.10.1968 |
|
Date of Appointment : |
17.09.2012 |
|
DIN No.: |
00125050 |
|
PAN No.: |
ABHPJ8335P |
|
|
|
|
Name : |
Mr.
Vikramsinh Raghuvirsinh Rana |
|
Designation : |
Whole-time director |
|
Address : |
"Shiv Shakti", 3, Naval Nagar, Near Swaminarayan, Rajkot –
360 004, Gujarat, India |
|
Date of Birth/Age : |
19.01.1970 |
|
Date of Appointment : |
17.09.2012
|
|
DIN No.: |
00125079 |
|
PAN No.: |
AEJPR1093P |
|
|
|
|
Name : |
Mr.
Sahadevsing Lalubha Jadeja |
|
Designation : |
Whole Time
Director |
|
Address : |
Shreenil,
Plot No.70, Silver Stone Main Road, Near Oscar Tower, Rajkot – 360 004,
Gujarat, India |
|
Date of Birth/Age : |
22.07.1965 |
|
Date of Appointment : |
17.09.2012
|
|
DIN No.: |
00126392 |
|
PAN No.: |
ADBPJ5818P |
|
|
|
|
Name : |
Mr. Vijay
Vaman Pranjape |
|
Designation : |
Director |
|
Address : |
Mauli, 2nd
floor, Gawand Path, Naupada, Thane – 400602, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1948 |
|
Date of Appointment : |
21.09.2012 |
|
DIN No.: |
00370451 |
|
|
|
|
Name : |
Mr. Ketan
Harkrishan Marwadi |
|
Designation : |
Director |
|
Address : |
Marwadi
Villa, Ram Park Main Road, Near Central School, Kalwad Road, Rajkot – 360005,
Gujarat, India |
|
Date of Birth/Age : |
30.11.1966 |
|
Date of Appointment : |
21.09.2012 |
|
DIN No.: |
00088018 |
|
Name : |
Mr.
Yogesh Damodardas Kathrecha |
|
Designation : |
Director |
|
Address : |
901,
Krishna Palace, Panchwti Main Road, Opposite Jain Temble, Rajkot – 3600001,
Gujarat, India |
|
Date of Birth/Age : |
08.09.1962 |
|
Date of Appointment : |
05.05.2014 |
|
DIN No.: |
02355968 |
|
|
|
|
Name : |
Mr. Rajshriba
Parakramsinh Jadeja |
|
Designation : |
Director |
|
Address : |
Osho 2 Shivaji Park, Near Airport Opp Income Tax Soc,
Rajkot - 360007, Gujarat, India |
|
Date of Appointment : |
01.08.2015 |
|
DIN No.: |
07228784 |
KEY EXECUTIVES
|
Name : |
Mr. Maulik Bharatkumar Gandhi |
|
Designation : |
Secretary |
|
Address : |
“Modheshwari Krupa”, Panchvaty Park – 174, Near Panchvaty Hall, Rajkot
– 360 001, Gujarat, India |
|
Date of Birth/Age : |
21.10.1984 |
|
Date of Appointment : |
17.09.2012 |
|
PAN No.: |
AJJPG9997J |
|
|
|
|
Name : |
Mr. Bhavesh Chauhan |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Parakramsinh Ghanshyamsinh Jadeja |
|
7572980 |
|
Vikramsinh Raghuvirsinh Rana |
|
909500 |
|
Bhavesh Lalubha Jadeja |
|
197516 |
|
Kaushik Daulatbhai Solanki |
|
288940 |
|
Sahadevsinh Lalubha Jadeja |
|
1337080 |
|
Shyamalram Shekharan |
|
338800 |
|
Jagdishbhai Lalubha Jadeja |
|
127700 |
|
Kishor Bhikhabhai Virani |
|
4190120 |
|
Anil Bhikhabhai Virani |
|
3212630 |
|
Vijay Pravinsinh Zala |
|
43900 |
|
Smit Rameshbhai Virani, Hong Kong |
|
6008000 |
|
Jyoti International Private Limited, India |
|
4194200 |
|
Prahlad Jadeja |
|
100000 |
|
Hitesh Patel |
|
36000 |
|
IIA K Solanki |
|
50000 |
|
Kamlesh Solanki |
|
36000 |
|
Hiren Jadeja |
|
36000 |
|
Total |
|
28679366 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
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 |
20.95 |
|
Bodies corporate |
14.62 |
|
Directors or relatives of Directors |
35.53 |
|
Other top fifty shareholders |
28.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is principally engaged in the business of manufacturing of CNC
Machines. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
Germany |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash and Credit (30,60,90 Days) |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash and Credit (30,60,90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Rexroth
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
End users and OEMS Amol Industries
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
1800 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Kalaria and Sampat Chartered Accountants |
|
Address : |
302, Star Avenue, Opposite Rajkumar College, Dr.
Radhakrishnan Road, Rajkot – 360 001, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFK2045F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Wholly Owned
Subsidiary: |
|
|
|
|
|
Wholly Owned Subsidiary
of Jyoti SAS: |
|
|
|
|
|
Wholly Owned
Subsidiary of Huron Graffenstaden SAS, France: |
|
|
|
|
|
Wholly Owned
Subsidiary of Huron Graffenstaden SAS, France: |
|
|
|
|
|
Enterprise
influenced by Key Management
Personnel: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs.450.000 Million |
|
2000000 |
Preference Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 470.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28679366 |
Equity Shares |
Rs.10/- each |
Rs. 286.794
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 |
286.794 |
286.794 |
137.546 |
|
(b) Reserves & Surplus |
2431.089 |
1913.238 |
1503.171 |
|
(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) |
2717.883 |
2200.032 |
1640.717 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1061.401 |
632.396 |
739.135 |
|
(b) Deferred tax liabilities
(Net) |
200.040 |
182.501 |
159.832 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
16.782 |
13.467 |
4.974 |
|
Total
Non-current Liabilities (3) |
1278.223 |
828.364 |
903.941 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2661.689 |
2235.805 |
1433.869 |
|
(b) Trade payables |
1864.451 |
1533.886 |
1013.476 |
|
(c) Other current liabilities |
599.491 |
605.100 |
703.925 |
|
(d) Short-term provisions |
14.599 |
63.917 |
69.060 |
|
Total
Current Liabilities (4) |
5140.230 |
4438.708 |
3220.330 |
|
|
|
|
|
|
TOTAL |
9136.336 |
7467.104 |
5764.988 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2076.205 |
2090.526 |
1734.674 |
|
(ii) Intangible Assets |
12.292 |
14.085 |
9.929 |
|
(iii) Capital work-in-progress |
1.241 |
0.189 |
120.612 |
|
(iv) Intangible assets under
development |
10.133 |
0.000 |
0.000 |
|
(b) Non-current Investments |
288.291 |
288.291 |
288.291 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1224.265 |
945.027 |
550.277 |
|
(e) Other Non-current assets |
67.760 |
13.200 |
18.320 |
|
Total
Non-Current Assets |
3680.187 |
3351.318 |
2722.103 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2832.564 |
2246.000 |
1884.350 |
|
(c) Trade receivables |
2249.120 |
1621.536 |
887.452 |
|
(d) Cash and cash equivalents |
156.282 |
127.437 |
111.766 |
|
(e) Short-term loans and
advances |
131.103 |
66.729 |
129.163 |
|
(f) Other current assets |
87.080 |
54.084 |
30.154 |
|
Total
Current Assets |
5456.149 |
4115.786 |
3042.885 |
|
|
|
|
|
|
TOTAL |
9136.336 |
7467.104 |
5764.988 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4674.094 |
4315.571 |
4126.947 |
|
|
Other Income |
46.930 |
42.902 |
32.198 |
|
|
TOTAL
(A) |
4721.024 |
4358.473 |
4159.145 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2776.695 |
2599.714 |
2511.556 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(340.178) |
(282.856) |
(54.220) |
|
|
Employees benefits expense |
315.996 |
266.658 |
215.587 |
|
|
Other expenses |
873.023 |
758.985 |
658.842 |
|
|
TOTAL
(B) |
3625.536 |
3342.501 |
3331.765 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1095.488 |
1015.972 |
827.380 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
429.174 |
393.803 |
304.330 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
666.314 |
622.169 |
523.050 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
180.061 |
150.611 |
134.792 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
486.253 |
471.558 |
388.258 |
|
|
|
|
|
|
|
Less |
TAX (H) |
126.846 |
116.222 |
106.380 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
359.407 |
355.336 |
281.878 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
969.700 |
614.400 |
NA |
|
|
Balance
Carried to the B/S |
1329.100 |
969.700 |
NA |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
618.554 |
508.021 |
|
|
TOTAL
EARNINGS |
NA |
618.554 |
508.021 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
1001.339 |
1021.129 |
|
|
Capital Goods |
NA |
33.961 |
53.232 |
|
|
TOTAL
IMPORTS |
NA |
1035.300 |
1074.361 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.53 |
12.73 |
11.23 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
5000.000 |
The above information has been parted by Mr. Bhavesh Chauhan
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
339.422 |
325.485 |
377.209 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
104.307 |
438.388 |
271.932 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.69 |
8.23 |
6.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
23.44 |
23.54 |
20.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.50 |
6.57 |
7.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.21 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.49 |
1.45 |
1.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
0.93 |
0.94 |
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 |
137.546 |
286.794 |
286.794 |
|
Reserves & Surplus |
1503.171 |
1913.238 |
2431.089 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1640.717 |
2200.032 |
2717.883 |
|
|
|
|
|
|
long-term borrowings |
739.135 |
632.396 |
1061.401 |
|
Short term borrowings |
1433.869 |
2235.805 |
2661.689 |
|
Current maturities of
long-term debts |
377.209 |
325.485 |
339.422 |
|
Total
borrowings |
2550.213 |
3193.686 |
4062.512 |
|
Debt/Equity
ratio |
1.554 |
1.452 |
1.495 |
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 |
4126.947 |
4315.571 |
4674.094 |
|
|
|
4.571 |
8.308 |
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 |
4126.947 |
4315.571 |
4674.094 |
|
Profit |
281.878 |
355.336 |
359.407 |
|
|
6.83% |
8.23% |
7.69% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
During the year, the company sold 1462 machines aggregating to sales of Rs. 4279.400 Million as compared to 1445 machines sold in FY 2012-13 aggregating to sales of Rs. 3979.500 Million. During the year the company was able to increase its share in the Government business, namely Defense sector, where the company sold 100 machines against 41 machines in the previous year. The company's spare parts sales increased by 13.51 % to Rs. 343.600 Million during the year. The company posted a net profit of Rs. 359.400 Million as against net profit of Rs. 355.300 Million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
165.928 |
0.000 |
|
Loans and advances from others |
312.230 |
197.500 |
|
Other loans and advances, others |
93.037 |
106.095 |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
26.187 |
0.000 |
|
Total |
597.382 |
303.595 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10555509 |
19/02/2015 |
1,540,000.00 |
ORIENTAL BANK OF COMMERCE |
"AUM PLANET", GROUND FLOOR,, OPP. NIRMALA CONVENT SCHOOL, NIRMALA ROAD, RAJKOT, GUJARAT - 360007, INDIA |
C46669065 |
|
2 |
10530303 |
16/10/2014 |
60,000,000.00 |
CORPORATION BANK |
RAJKOT MAIN BRANCH, NIJANAND, DHEBAR ROAD,, RAJKOT, GUJARAT - 360001, INDIA |
C33007162 |
|
3 |
10534014 |
01/10/2014 |
57,500,000.00 |
BANK OF INDIA |
POPATBHAI SORTHIYA
BUILDING, SKSE BUILDING, SADAR |
C35445766 |
|
4 |
10524332 |
30/09/2014 |
40,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICE BRANCH, 1ST FLOOR, BOB TOWER, LAW GARDEN, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
C26728352 |
|
5 |
10500547 |
19/03/2015 * |
316,700,000.00 |
DENA BANK |
OPP. IMPERIAL PALACE, DR. YAGNIK ROAD,, RAJKOT, GUJARAT - 360002, INDIA |
C51444388 |
|
6 |
10482687 |
10/03/2014 |
30,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, IST FLOOR, BOB TOWER, OPP LAW GARDEN, ELLISBRIDGE,
AHMEDABAD, |
B98519259 |
|
7 |
10482861 |
06/03/2014 |
57,500,000.00 |
BANK OF INDIA |
RAJKOT MCB BRANCH, POPATBHAI SORTHIYA BUILDING, SKSE BUILDING, SADAR BAZAR, RAJKOT, GUJARAT - 360001, INDIA |
B98601974 |
|
8 |
10469918 |
20/11/2013 |
250,000,000.00 |
THE CO-OPERATIVE BANK OF RAJKOT LTD |
"SAHKAR
SARITA", PANCHNATH MAIN ROAD, RAJKOT, GUJ |
B93413136 |
|
9 |
10459383 |
31/10/2013 |
20,000,000.00 |
BANK OF INDIA |
RAJKOT MCB BRANCH,
POPATBHAI SORTHIYA BUILDING, S |
B89221402 |
|
10 |
10408546 |
07/03/2013 |
35,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICE BRANCH, 1ST FLOOR,, B |
B69794956 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Computer software
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 records 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.64.78 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
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 |
6 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
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 |
|
50 |
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.