|
|
|
MIRA INFORM REPORT
|
Report No. : |
502039 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MINDARIKA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B 64/1, Wazirpur Industrial Area, New Delhi – 110052 |
|
Tel. No.: |
91-124-2290693 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.11.1995 |
|
|
|
|
Com. Reg. No.: |
55-073692 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC073692 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM8583F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture of Auto Electrical Switches, Dies, Fixtures, Tools and Other Automotive Components. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1995 and it is having good track. For the financial year 2017, the company has increased in its revenue from operations as compared to previous year and maintained decent profitability margin of 5.93%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also derives strength from its extensive experienced of promoters along with established track record of business operations and market position. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular. In view of the aforesaid, 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 09.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-1284-266600)
LOCATIONS
|
Registered Office : |
B 64/1, Wazirpur Industrial Area, New Delhi – 110052, India |
|
Tel. No.: |
91-11-27374882 / 27374444 |
|
Fax No.: |
91-11-27372620 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 /
Corporate Office : |
Village Nawada, Fatehpur PO, Sikaderpur Badda, Gurugram – 122004,
Haryana, India |
|
Tel. No.: |
91-124-2290-693/428 |
|
Fax No.: |
91-124-2290-676/95 |
|
|
|
|
Factory 2 : |
T 169, MIDC, Bhosari Industrial Area, Pune – 411026, Maharashtra,
India |
|
Tel. No.: |
91-20-27122660 |
|
Fax No.: |
91-20-27122660 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anand Kumar Minda |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
N - 2/31, DLF Phase - II, Gurugram - 122001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.04.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00007964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nirmal Kumar Minda |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
J I0/33 DLF Phase-II, Gurugram - 122002, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.11.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.1995 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFYPM4910J |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00014942 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravi Mehra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-301, Parkview City-1, Sector-48 Sohna Road, Gurugram – 122018,
Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.04.1961 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
CA and CS |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.07.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAEPM9319E |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01651911 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Yoshimasa Yanagimoto |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
401 Moregrace Yashirodai Fierte, 3-174 Yashirodai, Nagoya 4650092 Japan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.07.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06960127 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Takehiko Niwa |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat N0. A-113, Raheja Atlantis Sector-31, Gurugram - 122001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.12.1965 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Professional |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.03.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07128269 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Deepali Chandhoke |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
5-A, Factory Road, Oppsite B-4/187-C, Krishana Nagar Safdarjung Enclave, S.O., South West Delhi – 110029, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.02.2018 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07144692 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Har Krishan Lal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 61, Meghdoot Apartment Sector 10 A, Gurugram - 122001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.02.2018 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07944818 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Avinav Sharma |
|
Designation : |
Company Secretary |
|
Address : |
B-198, Hari Nagar, New Delhi – 110064, India |
|
Date of Birth/Age : |
08.11.1987 |
|
Qualification : |
CS |
|
Date of Appointment : |
27.01.2016 |
|
PAN No.: |
BZIPS7097D |
|
|
|
|
Name : |
Mr. Sanjay Kumar Aggarwal |
|
Designation : |
Chief Executive Officer |
|
Address : |
A-76, Ground Floor, South City 2, Sohna Road, Islampur (97), Gurugram - 122008, Haryana, India |
|
Date of Appointment : |
05.02.2018 |
|
PAN No.: |
ACYPA2416J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Nirmal K. Minda |
|
3292400 |
|
Tokai Rika Company Limited, Japan |
|
3700000 |
|
Minda Investments Limited, India |
|
300000 |
|
Minda Industries Limited, India |
|
2707600 |
|
|
|
|
|
Total |
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.07.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
32.92 |
|
Promoter - Bodies
corporate |
67.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Auto Electrical Switches, Dies, Fixtures, Tools and Other Automotive Components. (Registered activity) |
||||||||
|
|
|
||||||||
|
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 : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building No.10, Tower – B, DLF Cyber City
Complex, DLF City, Phase – II, Gurugram – 122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD2095B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises having substantial interest
in the Company : |
L74899DL1992PLC050333 |
|
|
|
|
Enterprises in which directors/members of
the Company can exercise significant influence : |
U51909DL2011PTC223728
U34300DL2011PLC227272
U74899DL1994PLC063761
U35122DL2011PLC223819
U29111DL1999PLC102709
U74300DL1996PLC083437
U34300KA2008PTC047401
U28111RJ2008PTC026385
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
994.618 |
617.821 |
460.681 |
|
(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) |
1094.618 |
717.821 |
560.681 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
132.799 |
198.824 |
124.802 |
|
(b) Deferred tax liabilities
(Net) |
16.797 |
16.209 |
11.928 |
|
(c) Other long term
liabilities |
101.889 |
103.398 |
80.745 |
|
(d) long-term provisions |
48.591 |
46.951 |
44.216 |
|
Total
Non-current Liabilities (3) |
300.076 |
365.382 |
261.691 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
115.685 |
342.714 |
341.363 |
|
(b) Trade payables |
775.044 |
782.580 |
737.417 |
|
(c) Other current liabilities |
207.141 |
268.915 |
156.368 |
|
(d) Short-term provisions |
123.560 |
103.844 |
89.457 |
|
Total
Current Liabilities (4) |
1221.430 |
1498.053 |
1324.605 |
|
|
|
|
|
|
TOTAL |
2616.124 |
2581.256 |
2146.977 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1023.525 |
1008.417 |
697.380 |
|
(ii) Intangible Assets |
27.194 |
30.075 |
23.660 |
|
(iii) Capital work-in-progress |
0.779 |
0.082 |
89.249 |
|
(iv) Intangible assets under
development |
0.000 |
1.977 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
72.630 |
59.140 |
40.504 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.010 |
|
Total
Non-Current Assets |
1124.128 |
1099.691 |
850.803 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
660.478 |
626.203 |
575.610 |
|
(c) Trade receivables |
688.832 |
662.965 |
517.410 |
|
(d) Cash and cash equivalents |
43.108 |
18.226 |
45.781 |
|
(e) Short-term loans and
advances |
98.174 |
169.325 |
146.584 |
|
(f) Other current assets |
1.404 |
4.846 |
10.789 |
|
Total
Current Assets |
1491.996 |
1481.565 |
1296.174 |
|
|
|
|
|
|
TOTAL |
2616.124 |
2581.256 |
2146.977 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6349.279 |
5147.340 |
4537.862 |
|
|
Other Income |
18.588 |
36.464 |
32.278 |
|
|
TOTAL
|
6367.867 |
5183.804 |
4570.140 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4036.510 |
3256.879 |
2932.283 |
|
|
Purchases of Stock-in-Trade |
58.757 |
94.188 |
95.522 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.495) |
(16.726) |
(45.750) |
|
|
Employees benefits expense |
763.239 |
671.190 |
582.763 |
|
|
CSR expenditure |
3.000 |
2.400 |
1.850 |
|
|
Other expenses |
756.806 |
723.626 |
683.877 |
|
|
TOTAL |
5617.817 |
4731.557 |
4250.545 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
750.050 |
452.247 |
319.595 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
37.378 |
37.621 |
38.066 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
712.672 |
414.626 |
281.529 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
177.951 |
157.792 |
146.729 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
534.721 |
256.834 |
134.800 |
|
|
|
|
|
|
|
Less |
TAX |
157.925 |
63.585 |
48.897 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
376.796 |
193.249 |
85.903 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
130.535 |
218.135 |
197.136 |
|
|
TOTAL
EARNINGS |
130.535 |
218.135 |
197.136 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1640.733 |
1381.631 |
1317.029 |
|
|
Components and Stores parts |
6.662 |
4.459 |
2.473 |
|
|
Capital Goods |
87.458 |
121.520 |
35.615 |
|
|
TOTAL
IMPORTS |
1734.853 |
1507.610 |
1355.117 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
37.68 |
19.32 |
8.59 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
62.849 |
70.639 |
54.485 |
|
Net cash flows from (used in) operations |
676.994 |
385.049 |
232.728 |
|
Net cash flows from (used in) operating activities |
579.363 |
325.107 |
191.139 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
39.60 |
47.01 |
41.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.22 |
7.76 |
8.77 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
69.08 |
85.24 |
88.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.14 |
0.72 |
0.56 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.71 |
0.43 |
0.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.54 |
0.68 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.28 |
0.85 |
0.93 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.12 |
2.09 |
2.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.96 |
1.45 |
1.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
20.07 |
12.02 |
8.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
5.93 |
3.75 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.40 |
7.49 |
4.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
34.42 |
26.92 |
15.32 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
0.99 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.68 |
0.57 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.42 |
0.28 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.11 |
6.12 |
5.21 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
0.99 |
0.98 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
460.681 |
617.821 |
994.618 |
|
Net
worth |
560.681 |
717.821 |
1094.618 |
|
|
|
|
|
|
Long Term borrowings |
124.802 |
198.824 |
132.799 |
|
Short Term borrowings |
341.363 |
342.714 |
115.685 |
|
Current Maturities of Long term debt |
54.485 |
70.639 |
62.849 |
|
Total
borrowings |
520.650 |
612.177 |
311.333 |
|
Debt/Equity
ratio |
0.929 |
0.853 |
0.284 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4537.862 |
5147.340 |
6349.279 |
|
|
|
13.431 |
23.351 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4537.862 |
5147.340 |
6349.279 |
|
Profit |
85.903 |
193.249 |
376.796 |
|
|
1.89% |
3.75% |
5.93% |
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 |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from B-73, Wazirpur, Industrial Area, Delhi – 110052, India to the present address w.e.f. 31.07.2007
CORPORATE INFORMATION
The company was incorporated on November 9, 1995 to manufacture auto electrical switches, dies, fixtures, tools and other automotive components
PERFORMANCE REVIEW
During the year the company has achieved revenue from its operations (net) of INR 6367.867 Million (previous year INR 5183.804 Million). Profit after Tax for the current financial year is INR 376.796 Million against the Profit of the previous financial year of INR 193.249 Million.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Loans repayable on demand |
(62.849) |
(70.639) |
|
|
|
|
|
Total |
(62.849) |
(70.639) |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76807346 |
100154367 |
The Hongkong and Shanghai Banking Corporation Limited |
21/12/2017 |
- |
- |
325000000.0 |
25, Birla TowersBarakhamba RoadNew DelhiDL110001IN |
|
2 |
C79143111 |
10561015 |
Standard Chartered Bank |
26/03/2015 |
21/01/2016 |
- |
248000000.0 |
(Acting as an Security Agent) CDU,NARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
3 |
C64267511 |
10409502 |
The Hongkong and Shanghai Banking Corporation Limited |
28/02/2013 |
01/06/2015 |
- |
50000000.0 |
Birla Towers25, Barakhamba RoadNew DelhiDL110001IN |
|
4 |
B60762242 |
10383134 |
HDFC BANK LIMITED |
04/09/2012 |
- |
- |
20000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
C82350372 |
10305640 |
Standard Chartered Bank |
02/09/2011 |
01/03/2016 |
- |
50000000.0 |
CREDIT RISK CONTROLNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
6 |
A53706875 |
10170838 |
MIZUHO CORPORATE BANK LIMITED |
24/09/2008 |
- |
- |
70000000.0 |
4TH FLOOR, EAST TOWER, SOOD TOWER, 25BARAKHAMBA ROADNEW DELHIDL110001IN |
|
7 |
C60097854 |
10020301 |
MIZUHO CORPORATE BANK LIMITED |
16/09/2006 |
18/03/2015 |
- |
125000000.0 |
1st Floor , DLF Capitol Point,Baba Kharak Singh Marg, Connaught PlaceNew DelhiDL110001IN |
|
8 |
A01071190 |
10015232 |
FORD INDIA (P) LIMITED |
10/05/2006 |
- |
- |
3500000.0 |
S.P. KOIL, CHENGALPATTU - 603204KANCHEEPURAMTN603204IN |
|
9 |
Z00086463 |
80019050 |
MIZUHO CORPORATE BANK LIMITED |
18/10/2004 |
25/07/2005 |
- |
135000000.0 |
MUMBAI BRANCH,1/F MAKER CHAMBER-III,NARIMAN POINT,MUMBAIMH400021IN |
|
10 |
Y10124506 |
90044411 |
MIZUHO CORPORATE BANK LIMITED |
18/10/2004 |
- |
- |
2000000.0 |
MUMBAI BRANCH1/F MAKER CHAMBER-III; NARIMAN POINTMUMBAIMH400021IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
32.750 |
14.572 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 records 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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.