|
|
|
MIRA INFORM REPORT
|
Report No. : |
501827 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
VICTORA TOOL ENGINEERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
C-124B, Greater Kailash, Part -1, New Delhi – 110048 |
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Tel. No.: |
91-129-4192800 [100 lines] |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
08.03.2006 |
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|
|
|
Com. Reg. No.: |
55-147240 |
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|
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Capital
Investment / Paid-up Capital : |
INR 20.222 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL2006PTC147240 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0596004052 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AACCV2097H |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
07AACCV2097H1Z6 |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturing of Parts and Accessories for Motor Vehicles. [Registered Activity] |
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No. of Employees
: |
Information denied 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 |
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Maximum Credit Limit : |
USD 4100000 |
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|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006 and it is a manufacturer of parts and accessories of motor vehicles. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered marginal decline in its revenue and has reported average profit margin. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with comfortable debt coverage indicators and decent liquidity position. Rating also takes into account the experienced promoters and management team, reputed client base and long standing with clients. Further, the company has reported a good earnings per share of INR 36.44 against its face value of INR 10. However, rating strength is partially offset by susceptibility of margins to volatility in raw material price and foreign exchange linkages with auto industry. Payments seems to be regular. In view of 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 |
CARE |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
07.07.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
07.07.2017 |
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 DECLINED
Management non-cooperative (Tel
No.:91-129-4192800 / 4192805)
LOCATIONS
|
Registered Office/Head Office : |
C-124B, Greater Kailash, Part-1, New Delhi – 110048, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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|
|
|
|
Factory 1 : |
Plot No. 46, Sector 25, Faridabad – 121004, Haryana, India |
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Tel. No.: |
91-129-4192800 [100 lines] |
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Fax No.: |
91-129-2230504 |
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E-Mail : |
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|
|
|
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Factory 2 : |
Plot No. 4, 16 and 17, Sector – 1B, Sidcul, Haridwar, Uttaranchal, India |
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Tel. No.: |
91-1334-233699/ 233700 |
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Factory 3 : |
Located At: · Manesar, Haryana, India |
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Factory 4 : |
Plot No. 340, Sector-25, Krishna Colony, Faridabad – 121004,
Haryana, India |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Gambhir Singh Banga |
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|
Designation : |
Managing Director |
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|
Address : |
H.N.1189 Sector-15, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
08.02.1933 |
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Date of Appointment : |
08.03.2006 |
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PAN No.: |
ABQPB7775G |
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DIN No.: |
01632425 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Satinder Singh Banga |
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Designation : |
Director |
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|
Address : |
H.N.1173 Sector-15, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
11.11.1958 |
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Date of Appointment : |
08.03.2006 |
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PAN No.: |
AFAPB6351E |
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DIN No.: |
00393620 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Hardeep Singh Banga |
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Designation : |
Director |
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|
Address : |
H.No.1189, Sector-15, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
29.08.1964 |
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Date of Appointment : |
08.03.2006 |
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PAN No.: |
AFAPB0201R |
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DIN No.: |
00393643 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sunil Kumar |
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Designation : |
Director |
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|
Address : |
H. No H-1202, Park Grandeura Sector-82, Faridabad-121007, Haryana, India |
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Date of Appointment : |
13.02.2017 |
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DIN No.: |
01364810 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Gambhir Singh Banga |
|
1059898 |
|
Hardeep Singh Banga |
|
25936 |
|
Satinder Singh Banga |
|
42242 |
|
Victora Fintrade Private Limited, India |
|
375150 |
|
Maurill Industries Limited, Mauritius |
|
75962 |
|
Victora Stock-Invest Private Limited, India |
|
248984 |
|
Harjinder Kaur Banga |
|
10 |
|
Sanjit Kaur Banga |
|
10 |
|
Jitender Kaur Banga |
|
10 |
|
Satbir Singh Banga |
|
28200 |
|
Harbir Singh Banga |
|
28210 |
|
Sebros Investments Private Limited, India |
|
12790 |
|
Victora Continental Private Limited, India |
|
28200 |
|
Mohinder Paul Verma |
|
18800 |
|
Krb Securities Private Limited, India |
|
9400 |
|
Manveer Kaur |
|
9400 |
|
Surkshit Investment Private Limited, India |
|
7050 |
|
Advantech India Private Limited, India |
|
51974 |
|
Damandeep Kaur banga |
|
10 |
|
Total |
|
2022236 |
AS ON 30.09.2016
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Promoters – (Individual/Hindu Undivided Family – Indian) |
59.04 |
|
Promoters – (Bodies corporate) |
35.29 |
|
Public/Other than promoters – [Individual/Hindu Undivided Family – Foreign national (other than NRI)] |
0.93 |
|
Public/Other than promoters – (Bodies corporate) |
4.74 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Parts and Accessories for Motor Vehicles. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Financial Institutions : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kumar Sanjay and Associates Chartered Accountants |
|
Address : |
SCF-32, Sector-16A, Faridabad, Haryana, India |
|
PAN No.: |
ACUPK0608E |
|
|
|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates (As on 2016) |
|
|
|
|
|
Subsidiaries : (As on 2016) |
· Banga Tool Engineers Private Limited · Victora Hospitalities Private Limited · Banga Tool Engineers Private Limited |
|
|
|
|
Other related party : (As on 2016) |
· Victora Automotive INC |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2022236 |
Equity Shares |
INR 10/- each |
INR 20.222 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.222 |
19.797 |
19.690 |
|
(b) Reserves &
Surplus |
1424.027 |
1250.705 |
1010.205 |
|
(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) |
1444.249 |
1270.502 |
1029.895 |
|
|
|
||
|
(3) Non-Current
Liabilities |
|
||
|
(a) long-term borrowings |
563.488 |
572.785 |
448.569 |
|
(b) Deferred tax
liabilities (Net) |
141.717 |
116.727 |
38.695 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.717 |
8.990 |
7.157 |
|
Total Non-current
Liabilities (3) |
718.922 |
698.502 |
494.421 |
|
|
|
||
|
(4) Current Liabilities |
|
||
|
(a) Short term borrowings |
364.960 |
332.022 |
411.308 |
|
(b) Trade payables |
567.095 |
487.009 |
621.862 |
|
(c) Other current
liabilities |
241.665 |
240.579 |
256.422 |
|
(d) Short-term provisions |
46.718 |
59.498 |
29.480 |
|
Total Current Liabilities
(4) |
1220.438 |
1119.108 |
1319.072 |
|
|
|
||
|
TOTAL |
3383.609 |
3088.112 |
2843.388 |
|
|
|
||
|
II.
ASSETS |
|
||
|
(1) Non-current assets |
|
||
|
(a) Fixed Assets |
|
||
|
(i) Tangible assets |
1474.749 |
1345.505 |
1099.360 |
|
(ii) Intangible Assets |
23.068 |
18.047 |
7.636 |
|
(iii) Capital
work-in-progress |
1.850 |
1.476 |
3.361 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
774.260 |
774.260 |
713.772 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.244 |
1.244 |
2.204 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2275.171 |
2140.532 |
1826.333 |
|
|
|
||
|
(2) Current assets |
|
||
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
578.474 |
485.944 |
426.062 |
|
(c) Trade receivables |
315.132 |
313.654 |
437.558 |
|
(d) Cash and cash
equivalents |
29.103 |
45.824 |
27.444 |
|
(e) Short-term loans and
advances |
184.139 |
100.930 |
124.981 |
|
(f) Other current assets |
1.590 |
1.228 |
1.010 |
|
Total Current Assets |
1108.438 |
947.580 |
1017.055 |
|
|
|
||
|
TOTAL |
3383.609 |
3088.112 |
2843.388 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3380.797 |
3455.492 |
3259.472 |
|
|
Other Income |
1.737 |
4.219 |
4.931 |
|
|
TOTAL |
3382.534 |
3459.711 |
3264.403 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2414.134 |
2562.371 |
2284.718 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.476) |
(97.199) |
30.441 |
|
|
Employee benefit expense |
228.460 |
204.649 |
206.411 |
|
|
Other expenses |
428.054 |
407.239 |
420.297 |
|
|
TOTAL |
3052.172 |
3077.060 |
2941.867 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
330.362 |
382.651 |
322.536 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
103.939 |
105.461 |
124.602 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
226.423 |
277.190 |
197.934 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
100.556 |
89.721 |
128.524 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
125.867 |
187.469 |
69.410 |
|
|
|
|
|
|
|
Less |
TAX |
52.168 |
69.135 |
25.670 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
73.699 |
118.334 |
43.740 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
36.44 |
59.77 |
22.09 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
210.172 |
218.685 |
171.554 |
|
Net cash flows from (used in) operations |
304.251 |
325.645 |
464.316 |
|
Net cash flows from (used in) operating activities |
304.251 |
325.645 |
464.316 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
34.02 |
33.13 |
49.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
10.73 |
11.02 |
7.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
85.74 |
69.37 |
99.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.57 |
0.79 |
0.76 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.22 |
0.28 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.59 |
0.62 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.79 |
0.88 |
1.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.85 |
0.88 |
1.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.04 |
1.07 |
1.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.18 |
3.63 |
2.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.18 |
3.42 |
1.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.18 |
3.83 |
1.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.10 |
9.31 |
4.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.91 |
0.85 |
0.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.43 |
0.41 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.41 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
56.31 |
56.75 |
52.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.91 |
0.85 |
0.77 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
19.690 |
19.797 |
20.222 |
|
Reserves & Surplus |
1010.205 |
1250.705 |
1424.027 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1029.895 |
1270.502 |
1444.249 |
|
|
|
|
|
|
Long-term borrowings |
448.569 |
572.785 |
563.488 |
|
Short term borrowings |
411.308 |
332.022 |
364.960 |
|
Current maturities of
long-term debts |
171.554 |
218.685 |
210.172 |
|
Total
borrowings |
1031.431 |
1123.492 |
1138.620 |
|
Debt/Equity
ratio |
1.001 |
0.884 |
0.788 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3259.472 |
3455.492 |
3380.797 |
|
|
|
6.014 |
(2.162) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3259.472 |
3455.492 |
3380.797 |
|
Profit/ (Loss) |
43.740 |
118.334 |
73.699 |
|
|
1.34
% |
3.42
% |
2.18
% |
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 |
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 |
No |
|
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 |
Yes |
|
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 |
OPERATIONALPERFORMANCE
[As on 31.03.2016]
The company is engaged in the business of Manufacturing of Parts & Accessories for Motor Vehicles. There has been no change in the business of the company during the financial year ended 31stMarch, 2016. The performance of the company was satisfactory during the financial year. The Board of Director are taking steps to improve the performance. The management is striving hard to get the optimum benefit of the available resources.
The Company has reported total revenue of 3382.533 million for the current year as compared to 3459.711million in the previous year. The Net Profit for the year amounted to 73.699 million in the current year as compared to 118.334 million in the previous year.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
10.260 |
0.000 |
|
Rupee term loans from others |
11.627 |
50.180 |
|
Loans and advances from directors |
22.766 |
19.477 |
|
Loans and advances from others |
100.056 |
78.552 |
|
Total |
144.709 |
148.209 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G76218759 |
100152907 |
BAJAJ FINANCE LIMITED |
18/01/2018 |
- |
- |
100000000.0 |
AKURDI PUNE-PUNE-411035 MAHARASHTRA, INDIA |
|
2 |
G73215634 |
100145877 |
BAJAJ FINANCE LIMITED |
26/12/2017 |
- |
- |
150000000.0 |
AKURDI PUNE-PUNE-411035 MAHARASHTRA, INDIA |
|
3 |
G61005104 |
100132581 |
YES BANK LIMITED |
31/10/2017 |
- |
- |
80000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI,MUMBAI-400018, MAHARASHTRA, INDIA |
|
4 |
G60582921 |
100131932 |
YES BANK LIMITED |
24/08/2017 |
- |
- |
200000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI,MUMBAI-400018 , MAHARASHTRA, INDIA |
|
5 |
G60587417 |
100131942 |
YES BANK LIMITED |
24/08/2017 |
- |
- |
50000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI,MUMBAI-400018 , MAHARASHTRA, INDIA |
|
6 |
G52106622 |
100119885 |
HDFC BANK LIMITED |
20/07/2017 |
- |
- |
180000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI-400013 , MAHARASHTRA, INDIA |
|
7 |
G49127376 |
100111963 |
HDFC BANK LIMITED |
31/05/2017 |
- |
- |
280000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI-400013 , MAHARASHTRA, INDIA |
|
8 |
G71224430 |
100101930 |
YES BANK LIMITED |
08/03/2017 |
14/12/2017 |
- |
80000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI,MUMBAI-400018 , MAHARASHTRA, INDIA |
|
9 |
G71405591 |
100101938 |
YES BANK LIMITED |
08/03/2017 |
14/12/2017 |
- |
150000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI,MUMBAI-400018 , MAHARASHTRA, INDIA |
|
10 |
G63847396 |
100073696 |
KOTAK MAHINDRA BANK LIMITED |
19/12/2016 |
27/10/2017 |
- |
200000000.0 |
1ST FLOOR, ASSET AREA 9, IBIS COMMERCIAL BLOCKNEW DELHIDL110037IN |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer equipments
- Vehicles
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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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 65.06 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.