MIRA INFORM REPORT
|
Report No. : |
342850 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARKER HANNIFIN INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
EL 26, MIDC Electronic Zone, TTC Industrial Area, Mahape, Navi Mumbai
– 400701, Maharashtra |
|
Tel. No.: |
91-22-65137081 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.01.1989 |
|
|
|
|
Com. Reg. No.: |
11-050377 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3994.314 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29119MH1989PTC050377 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP10093G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6820G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing, designing, engineering, servicing and carrying on other ancillary activities related to hydraulics, pneumatics and special application cylinders, pumps, seals, hoses and other goods of similar description. |
|
|
|
|
No. of Employees
: |
900 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of “Parker Hannifin Singapore Private Limited,
Singapore”. It is an established company incorporated
in the year 1989 having satisfactory track. The company has incurred some accumulated losses. However, the rating derives strength from its strong parentage and its
experienced management. Further, the rating also takes into consideration rich experience of
its promoters, long track record and established brand positon of the
company. It is also to be notes that “Parker Hannifin” has been ranked 230 with
Fortune 500 Companies. Trade relations are reported as fair. Business is active. Payments are
reported as usually correct and as per commitment. In view of the aforesaid, the company can be considered normal for
business dealings a 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.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Pai |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-41242500 / 2522 |
|
Date: |
25.09.2015 |
LOCATIONS
|
Registered/ Division
Headquarters / Factory / Sales Office : |
EL 26, MIDC Electronic Zone, TTC Industrial Area, Mahape, Navi Mumbai
– 400701, Maharashtra, India |
|
Tel. No.: |
91-22-65137081-85/41242522/41242500 |
|
Fax No.: |
91-22-27686841 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
85000 |
|
|
|
|
Division
Headquarters 2/ Factory 2 / Sales Office 2 : |
SSD Drives Division 151 and 157
Developed Plots, Perungudi, Chennai – 600096, Tamilnadu, India |
|
Tel. No.: |
91-44-43910799 |
|
Fax No.: |
91-44-43910700 |
|
|
|
|
Division
Headquarters 3/ Factory 3 / Sales Office 3: |
Fluid Connectors
India Plot 26-29, 16A
and 18-19, Phase IV, IDA Patancheru, Hyderabad - 502319, Telangana, India
|
|
Tel. No.: |
91-8455-248700 |
|
Fax No.: |
91-8455-248789 |
|
|
|
|
Factory 4 : |
Annapurna Kenmore,
19B IDA Balangar, Hyderabad – 500037, ngana, India |
|
Tel. No.: |
91-40-40073330 |
|
|
|
|
Factory 5 : |
Chomerics Division No.1465/2 B1, Sriperumbudur
Village, Sriperumbudur Taluk, Chennai - 602105, Tamilnadu, India |
|
|
|
|
Factory 6 : |
USE 688287, Hyderabad – 502319, Andhra Pradesh, India |
|
|
|
|
Factory 7 : |
Plot No. P41/2, Eighth Avenue, Domestic Tariff Area,
Mahindra World City, Chengelpattu, Kancheepuram District. Chennai – 603002,
Tamilnadu, India |
|
Tel. No.: |
91-44-67450309 |
|
|
|
|
Factory 8 : |
Khasra 145,146,153/1,153/3,157, Amravati Road,
Bazargaon, Nagpur – 440023, Maharashtra, India |
|
|
|
|
Sales Office : |
Located At : ·
Hyderabad |
DIRECTORS
As on 30.11.2014
|
Name : |
Mr. Arijit Diptimoy Sen |
|
Designation : |
Managing director |
|
Address : |
1C, Farah Fort Manor, 20, 1st Main Road, Jayamahal Extension, Bangalore
– 560046, Karnataka, India |
|
Date of Birth/Age : |
17.11.1957 |
|
Date of Appointment : |
07.01.2008 |
|
DIN No.: |
02097059 |
|
|
|
|
Name : |
Mr. Ashok Chhaganlal Pratap |
|
Designation : |
Director |
|
Address : |
Ruby Mansion, 3rd Floor, Darabsha Lane, Napean Sea Road,
Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1940 |
|
Date of Appointment : |
17.01.1989 |
|
DIN No.: |
00107906 |
|
|
|
|
Name : |
Mrs. Parul Satish Nanabhai |
|
Designation : |
Director |
|
Address : |
Indus, Pheroz Shah Mehta Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
04.12.1957 |
|
Date of Appointment : |
17.01.1989 |
|
DIN No.: |
00320158 |
|
|
|
|
Name : |
Mr. Thomas Anthony Piraino Jr |
|
Designation : |
Director |
|
Address : |
2357, Delamere Road, Cleveland, Ohio – 44106, United States of America
|
|
Date of Birth/Age : |
12.07.1949 |
|
Date of Appointment : |
27.08.1998 |
|
DIN No.: |
02593802 |
|
|
|
|
Name : |
Saugata Ganguly |
|
Designation : |
Director |
|
Address : |
53 Shree Krishna, Plot No. 42, Sector – 2, Charkop, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
06.11.1966 |
|
Date of Appointment : |
30.12.2011 |
|
DIN No.: |
03581969 |
|
PAN No.: |
AHYPG8394A |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Pai |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
Parker Hannifin Corporation, USA |
|
24 |
|
Parker Hannifin Singapore Pte Limited, Singapore |
|
399431403 |
|
Total |
|
399431427 |
Equity Share Break up (Percentage of Total Equity)
As on 30.11.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing,
designing, engineering, servicing and carrying on other ancillary activities related
to hydraulics, pneumatics and special application cylinders, pumps, seals,
hoses and other goods of similar description. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
·
European Countries ·
Dubai ·
US ·
UK ·
China ·
Malaysia |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cheque and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cheque and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and OEMs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees :9 |
900 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Andhra Bank, R. P. Road Branch; 8-1-381, R. P.
Road, Secunderabad, Andhra Pradesh - 500003, India ·
HDFC Bank, Chennai, Tamilnadu, India Cash Credit = Rs. 160.000 Million
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Mumbai – 400028, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFL5878L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding
Company: |
· Parker Hannifin Corporation ,USA |
|
|
|
|
Holding Company: |
· Parker Hannifin Singapore Pte. Limited, Singapore |
|
|
|
|
Subsidiary Company: |
· Domnick Hunter India Private Limited, India |
|
|
|
|
Other Related
Parties with whom the Company
had transactions during
the year: |
· Denison Hydraulics France SA, France · Legris Holding India Private Limited, India · Legris India Private Limited, India · Parker Gas Seperation,Etten-Leur,Netherland · Parker Hann Elec Matrl (Shenzhen) Company Limited, China · Parker Hannifin Thailand Company Limited, Rayong Thailand (formerly known as Parker Hannifin (Thailand) Company Limited, Thailand) · Parker Hannifin Europe Sarl,Ulricehamn Sweden (formerly known as Parker Hannifin AB-Ulricehamn,Sweden) · Parker Hannifin Africa Pty Limited, Africa · Parker Hannifin Europe Sarl,Oldenzaal Netherland (formerly known as Parker Hannifin BV, Netherland) · Parker Hannifin Connectors Limited, Gyoungnam Korea (formerly known as Parker Hannifin Connectors Limited, Korea) · Parker Hannifin Corporation,Chile (formerly known as Parker Hannifin Corporation Chile Limited, Chile) · Parker Hannifin Europe Sarl,Offenburg Germany (formerly known as Parker Hannifin Gmbh and Company Kg -Offenburg, Germany) · Parker Hannifin Hong Kong Limited, Hongkong · Parker Hannifin Ind(M) Sdn Bhd, Malaysia · Parker Hannifin Ind e com Limiteda, Brazil · Parker Hannifin Japan Limited, Japan · Parker Hannifin Limited, Littlehampton - UK · Parker Hannifin Motion and Control, Shanghai – China · Parker Hannifin Portugal,Lda, Portugal (formerly known as Parker Hannifin Portugal, Portugal) · Parker Hannifin (Australia) Pty Limited, Castle Hill Australia (formerly known as Parker Hannifin Pty Limited, Australia) · Parker Hannifin Thailand Company Limited, Thailand · Parker Hannifin Europe Sarl,ITR Italy (formerly known as Parker ITR S.R.L., Italy) · Parker Korea Limited, Korea · Parker KV Division, UK · Taiyo Limited, Japan · Parker Hannifin Limited, Bucks - UK · Parker Hannifin Europe Sarl, Devon UK (formerly known as Parker Hannifin IPD, Devon, UK) · Parker Hannifin Europe Sarl,Kaarst Germany (formerly known as Parker Hannifin Kaarst, Germany) · Parker Hannifin Europe Sarl, Boras Sweden (formerly known as Parker Hannifin MCD, Sweden) · Parker Hannifin Europe Sarl, Everux France (formerly known as Parker Hannifin Pneumatics, France) · Parker Middle East Fze, Dubai · Parker Mining, UK · Parker Hannifin Europe Sarl, Ambacht Netherland (formerly known as Parker Pneumatic B.V. Ambach, Netherland) · Parker Hannifin Europe Polyflex Netherland (formerly known as Parker Polyflex BV, Netherland) · Parker Tejing Hydraulics(Tianjin)Company Limited, China · Parker Hannifin Europe Sarl,Denmark (formerly known as Parker Polar, Denmark) · Parker Hannifin Europe Sarl, Chemnitz Germany (formerly known as Parker Hannifin Chemnitz, Germany) · Parker Korea Limited, Kyunggi-do Korea (formerly known as Parker Hannifin CIC, Korea) · Parker Hannifin Europe Sarl,Herl Germany (formerly known as Parker Hannifin, CIC Herl, Germany) · Parker Hannifin Europe Sarl, Lucifer, Switzerland (formerly known as Parker Hannifin, CIC Lucifer, Switzerland) · Parker Hannifin Europe Sarl,Corsico Italy (formerly known as Parker Hannifin, Corsico, Italy) · Parker Hannifin Europe Sarl, Koln Germany (formerly known as Parker Hannifin, Cyl Division, Koln - Germany) · Parker Hannifin Denison, Shanghai – China · Parker Hannifin Europe Sarl, Biefield Germany (formerly known as Parker Hannifin Ermeto, Bielefeld - Germany) · Parker Hannifin Europe Sarl,Arlon Netherland (formerly known as Parker Hannifin Filters, Arlon - Netherland) · Parker Hannifin Europe Sarl, Dewsbury UK (formerly known as Parker Hannifin Filters, Dewsbury -UK) · Parker Hannifin Europe Sarl,Finland (formerly known as Parker Hannifin Filters, Finland) · Parker Hannifin FPS, China · Parker Hannifin Manufacturing · Limited,Grantham UK (formerly known as Parker Hannifin, Grantham - UK) · Parker Hannifin UK Limited, Hellaby UK (formerly known as Parker Hannifin Hellaby, UK) · Parker Hannifin Europe Sarl, Boom Belgium (formerly known as Advanced Products N.V., Belgium) · Emitherm Sdn Bhd, Malaysia Kuroda Pneumatics, Japan · Parker Hannifin Manufacturing Limited,Sheffield Uk (formerly known as Parker Domnick Hunter, Sheffield -UK) · Parker Hannifin Europe Sarl,Birtley Uk (formerly known as Parker Domnick Hunter, Birtley -UK) · Parker Hannifin Europe Sarl,Polyflex Germany (formerly known as Parker Hannifin Polyflex, Germany) · Parker Hannifin Europe Sarl,Pradifa Germany (formerly known as Parker Hannifin Pradifa, Germany) · Parker Hannifin Europe Sarl, Annemasse France (formerly known as Parker Hannifin QCD, Annemasse, France) · Parker Hannifin Europe Sarl, Crewkerne Uk (formerly known as Parker Hannifin Sterling, UK) · Parker Hannifin Europe Sarl,Tema Sweden (formerly known as Parker Hannifin Tema, Sweden) · Parker Hannifn Refrigeration And Air Conditioning (Wuxi) Company Limited, Wuxi China (formerly known as Parker Hannifin CIC China Wuxi, China) · Parker Hannifin Europe Sarl, Origa Germany (formerly known as Parker Hannifin Origa, Germany) · Parker Hannifin Europe Sarl,Rectus Germany (formerly known as Rectus Gmbh-Fluid Connectors Groupeurope, Germany) · SSD Parvex Sas –France Parker Hannifin Fluid Connectors (Qingdao) Company Limited, China · Parker Korea Co Limited Jangan Korea · Phc, Snaptite,Wexford Ireland · Parker Hareket Ve Kontrol Sistemleri Tic,Istanbul · Parker Hannifin LLC,Russia · Parker Hannifin Europe Sarl,Origa Austria · Parker Hannifin Europe Sarl,Chomutov Czech Republic · Parker Hannifin Canada · Parker Hannifin Europe Sarl,Gateshed UK · Domnick Hunter India Private Limited · Parker Hannifin Europe Sarl,Ortona Italy · Parker Hannifin Europe Sarl,Zandar Italy · Parker Hannifin Europe Sarl,Warwick UK · P.H Motion and Control (Wuxi) Co Limited, Wuxi China · Parker Hannifin Europe Sarl,Etoy Germany · Parker Hannifin Fluid Power systems and Components Shanghai CompanyLimited ,China · Parker Hannifin Motion And Control Shanghai Co Limited ,Shanghai China · Parker Hannifin Corporation USA · Parker Hannifin Singapore Pte Limited Singapore · Parker Hannifin Europe Sarl, Zandar Germany · Parker Hannifin Company Limited (Shanghai) · Ph, Pneumatics China(Wuxi) · Parker Hannifin France S.A.S · Parker Hannifin Argentina · Parker Hannifin Corp. Chile Limitada · Parker Hannifin Italy Srl, Corsico |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
416000000 |
Equity Shares |
Rs.10/- each |
Rs.4160.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
399431427 |
Equity Shares |
Rs.10/- each |
Rs.3994.314
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 |
3994.314 |
3994.314 |
487.887 |
|
(b) Reserves & Surplus |
(660.895) |
(8.449) |
741.142 |
|
(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) |
3333.419 |
3985.865 |
1229.029 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1821.630 |
1564.947 |
706.037 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
48.107 |
0.000 |
|
(c) Other long term
liabilities |
1.726 |
1.676 |
24.468 |
|
(d) long-term provisions |
199.125 |
214.338 |
141.631 |
|
Total
Non-current Liabilities (3) |
2022.481 |
1829.068 |
872.136 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
15.052 |
52.000 |
100.000 |
|
(b) Trade payables |
1246.356 |
1069.477 |
1269.502 |
|
(c) Other current liabilities |
221.791 |
235.225 |
280.064 |
|
(d) Short-term provisions |
33.258 |
23.659 |
21.765 |
|
Total
Current Liabilities (4) |
1516.457 |
1380.361 |
1671.331 |
|
|
|
|
|
|
TOTAL |
6872.357 |
7195.294 |
3772.496 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3035.888 |
2736.009 |
625.395 |
|
(ii) Intangible Assets |
1037.008 |
1359.630 |
68.357 |
|
(iii) Capital work-in-progress |
47.389 |
334.478 |
661.347 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
25.518 |
25.518 |
222.177 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
27.038 |
|
(d) Long-term Loan and Advances |
130.023 |
150.502 |
178.635 |
|
(e) Other Non-current assets |
0.000 |
12.066 |
0.000 |
|
Total
Non-Current Assets |
4275.826 |
4618.203 |
1782.949 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
839.631 |
886.310 |
690.267 |
|
(c) Trade receivables |
1237.461 |
974.375 |
763.047 |
|
(d) Cash and cash equivalents |
258.281 |
460.117 |
313.521 |
|
(e) Short-term loans and
advances |
260.780 |
255.202 |
222.441 |
|
(f) Other current assets |
0.378 |
1.087 |
0.271 |
|
Total
Current Assets |
2596.531 |
2577.091 |
1989.547 |
|
|
|
|
|
|
TOTAL |
6872.357 |
7195.294 |
3772.496 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5225.463 |
4628.277 |
3943.817 |
|
|
Other Income |
19.745 |
29.606 |
8.891 |
|
|
TOTAL
(A) |
5245.208 |
4657.883 |
3952.708 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2,235.879 |
1,869.952 |
|
|
Purchases of Stock-in-Trade |
752.527 |
653.979 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(11.652) |
(69.979) |
|
|
Employees benefits expense |
|
650.873 |
469.095 |
|
|
Other expenses |
|
980.974 |
757.092 |
|
|
Exceptional items |
|
196.659 |
0.000 |
|
|
TOTAL
(B) |
5375.368 |
4805.260 |
3680.139 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(154.372) |
272.569 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
125.123 |
38.191 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(130.160) |
(279.495) |
234.378 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
570.393 |
444.762 |
64.906 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(700.553) |
(724.257) |
169.472 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(48.107) |
75.145 |
105.794 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(652.446) |
(799.402) |
63.678 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
1388.627 |
887.895 |
589.349 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
|
(3.72) |
1.31 |
|
|
Diluted
|
(1.69) |
0.96 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
6000.000 |
Expected Sales (2015-2016) : Rs.6800.000 Million
The above information has been parted by Mr. Vijay Pai
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(53.929) |
(266.809) |
639.881 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(12.49) |
(17.27) |
1.61 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
(3.34) |
6.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.30) |
(10.60) |
5.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.21) |
(0.18) |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.41 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.87 |
1.19 |
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 |
487.887 |
3994.314 |
3994.314 |
|
Reserves & Surplus |
741.142 |
(8.449) |
(660.895) |
|
Net
worth |
1229.029 |
3985.865 |
3333.419 |
|
|
|
|
|
|
long-term borrowings |
706.037 |
1564.947 |
1821.630 |
|
Short term borrowings |
100.000 |
52.000 |
15.052 |
|
Total
borrowings |
806.037 |
1616.947 |
1836.682 |
|
Debt/Equity
ratio |
0.656 |
0.406 |
0.551 |
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 |
3943.817 |
4628.277 |
5225.463 |
|
|
|
17.355 |
12.903 |
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 |
3943.817 |
4628.277 |
5225.463 |
|
Profit |
63.678 |
(799.402) |
(652.446) |
|
|
1.61% |
(17.27%) |
(12.49%) |
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 |
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 |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||
|
Bench:- Bombay |
||||
|
Presentation Date:-04/08/2015 |
||||
|
Lodging No. : |
ARBPL/1569/2015 |
Failing Date:- |
04/08/2015 |
|
|
Petitioner:- |
PIX TRASMISSION LIMITED |
Respondent:- |
PARKER HANNIFIN INDIA PRIVATE LIMITED |
|
|
Petn.Adv:- |
GANESH AND COMPANY (i6499) |
Resp. Adv.: |
ASHOK PRATAP AND COMPANY (I6032) |
|
|
District:- |
MUMBAI |
|||
|
Bench:- |
SINGLE |
Category:- |
ARBITRATION ACT. |
|
|
Status:- |
Pre-Admission |
Stage:- |
ARBP FOR HEARING AND FINAL DISPOSAL U/S 9 |
|
|
Last Date:- |
24/09/2015 |
|||
|
Last Coram:- |
HON’BLE SHRI JUSTICE R.D. DHANUKA |
|||
|
|
|
|||
|
Act. : |
Arbitration and Conciliation Act 1996 |
|||
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
767.987 |
767.987 |
|
Foreign currency term loans from others |
936.899 |
786.960 |
|
Loans and advances from others |
10.000 |
10.000 |
|
Other loans and advances, others |
106.744 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
10.000 |
52.000 |
|
Working capital loans from banks |
5.052 |
0.000 |
|
Total |
1836.682 |
1616.947 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10020538 |
14/09/2006 |
35,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
A05040597 |
|
2 |
90220367 |
07/03/2000 |
27,400,000.00 |
ANDHRA BANK |
R. P. ROAD BRANCH;
8-1-381, R. P. ROAD, SECUNDERA |
- |
|
3 |
90220142 |
25/01/2003 * |
10,212,000.00 |
ANDHRA BANK |
R. P. ROAD BRANCH;
8-1-381, R. P. ROAD, SECUNDERA |
- |
|
4 |
90222068 |
10/04/2004 * |
10,212,000.00 |
ANDHRA BANK |
R. P. ROAD BRANCH; 8-1-381,
SECUNDERABAD, ANDHRA P |
- |
|
5 |
90225654 |
31/01/1989 |
98,000.00 |
ANDHRA BANK |
R. P. ROAD BRANCH;
8-1-381, R. P. ROAD, SECUNDERA |
- |
|
6 |
90221046 |
16/07/1983 |
58,000.00 |
ANDHRA BANK |
R. P. ROAD BRANCH;
8-1-381, R. P. ROAD, SECUNDERA |
- |
|
7 |
90225477 |
17/11/1998 * |
350,000.00 |
ANDHRA BANK |
R. P. ROAD BRANCH;
8-1-381, R. P. ROAD, SECUNDERA |
- |
* Date of charge modification
FIXED ASSETS:
Tangible assets
· Land
· Building
· Plant and Equipment
· Furniture and fixtures
· Vehicles
· Office Equipment
· Computer Equipment
Intangible assets
· Goodwill
· Brands and Trade Marks
· Computer Software
· Copyrights, Patents and other Operating Rights
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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs. 73.95 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
48 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.