|
|
|
MIRA INFORM REPORT
|
Report No. : |
504362 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DHR HOLDING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aggarwal Corporate Tower, 5th Floor, Plot No 23, Rajendra
Place, New Delhi – 110008 |
|
Tel. No.: |
91-11-71094781 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
17.08.2007 |
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|
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|
Com. Reg. No.: |
55-167117 |
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|
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Capital
Investment / Paid-up Capital : |
INR 24.610 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51505DL2007PTC167117 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07aaccd6672n1Z6 |
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|
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TIN No.: |
07490340430 |
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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.] |
aaccd6672n |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Wholesale Trading of high technology industrial equipments, instruments and allied products and carry basis to distributors, institutional sales, Government bodies and agencies and others and to establish a countrywide distribution networks and to provide the services of sales, design, installation, commissioning, maintenance, repairing, training and any other similar or related sales and after sales services. [As per Memorandum of Association] |
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|
|
|
No. of Employees
: |
Not Divulged |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “Kollmorgen India Investment Company, Mauritius”
and was incorporated in the year 2007. For the financial year 2017, the company has achieved revenue growth
of 14.20% as compared to the previous year along with a fair profit margin of
7.87%. The sound financial risk profile of the company is marked by
sufficient net worth base along with negligible debt balance sheet profile
due to unsecured debt recorded in the books. Payment 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
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
31-03-2016.
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 20.04.2018.
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
[Contact No: 91-22-30267000]
LOCATIONS
|
Registered Office : |
Aggarwal Corporate Tower, 5th Floor, Plot No 23, Rajendra
Place, New Delhi – 110008, India |
|
Tel. No.: |
91-11-71094781 |
|
Fax No.: |
91-11-71094785 |
|
E-Mail : |
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|
|
|
|
Corporate Office: |
77, North Avenue 3, 7th Floor, Maker Maxity, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-61382000 |
|
Fax No.: |
91-22-26590399 |
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|
|
|
Mumbai Office: |
3rd Floor, B-Wing, Art Guild House Phoenix Market City, LBS Road, Kurla (West), Mumbai – 400070, Maharashtra, India |
|
Tel. No.: |
91-22-30267000 |
|
Fax No.: |
91-22-30267199 |
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|
|
|
Bangalore Office: |
Ground Floor, S P Complex, 16/1, Lalbagh Road, Bangalore – 560027, Karnataka, India |
|
Tel. No.: |
91-80-40322000 |
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Fax No.: |
91-80-40322001 |
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|
|
|
Hyderabad Office: |
4th Floor, Amar House, 6-3-1239/2, Somajiguda, Raj Bhavan Road, Hyderabad – 500082, Telangana, India |
|
Tel. No.: |
91-40-49145650 |
|
Fax No.: |
91-40-49145677 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Jaishankar Khrishan |
||||||||||
|
Designation : |
Managing Director |
||||||||||
|
Address : |
306, 6th Floor, Samudra Mahal, A Wing, Dr A B Road, Worli,
Mumbai 400018, Maharashtra, India |
||||||||||
|
Date of Birth/Age : |
08.06.1966 |
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Qualification : |
MBA |
||||||||||
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Date of Appointment : |
02.06.2008 |
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PAN NO.: |
AKAPK5483B |
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DIN No.: |
01519264 |
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||||||||||
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Name : |
Mr. Sachin Kulkarni Vijaykumar |
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Designation : |
Director |
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Address : |
B-603, Koteshwar Palace Chs Jiva Mahale Road, Andheri East, Mumbai- 400069, Maharashtra, India |
||||||||||
|
Date of Appointment : |
08.09.2017 |
||||||||||
|
DIN No.: |
07899869 |
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KEY EXECUTIVES
|
Name : |
Mr.Ganesh S Iyer |
|
Designation : |
Chief Finance Officer (KMP) |
|
Address : |
C-2704, 27th Floor, DB Woods Gokuldham, Goregaon East,
Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1972 |
|
Qualification : |
CA, ICWAI |
|
Date of Appointment : |
17.02.2015 |
|
PAN No: |
AAFPI0463G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Kollmorgen India Investments Company |
2460952 |
100.00 |
|
Anil B Chindani (Nominee of Kollmorgen India Investment Company) |
1 |
0.00 |
|
|
|
|
|
Total |
2460953 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale Trading of high technology industrial equipments, instruments and allied products and carry basis to distributors, institutional sales, Government bodies and agencies and others and to establish a countrywide distribution networks and to provide the services of sales, design, installation, commissioning, maintenance, repairing, training and any other similar or related sales and after sales services. [As per Memorandum of Association] |
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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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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
--- |
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Auditors : |
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|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
22, Camac Street, Block 'C', 3rd Floor, New Delhi, India |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
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|
Holding Company : |
Kollmorgen India Investment Company, Mauritius |
|
|
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|
Ultimate
Holding Company : |
Danaher Corporation Inc, United States |
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|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Ab Sciex Pte Singapore Limited · BioTector Analytical System Limited · Dental Imaging Technologies Corp · Hach Company · Hach Lange Gmbh · HemoCue AB, · Imaging Sciences International Llc · Kavo Dental Excellence · Kavo Dental Gmbh · Kavo Dental Technologies LLC · KERR Corporation · Kerr Hawe · Leica Mikrosysteme Vertrieb Gmbh · Leica Biosystems GmbH Nussloch · Ormco Corporation · Palodex Group Oy · Pelton & Crane · Radiometer Medial Aps · SpofaDental a.s. · Hach Lange Sarl · AB SCIEX c/o DHL Supply Chain · Molecular Devices · Ormco BV · Linx Printing Technologies Limited · AB Sciex LP · Seabird Scientific · X-Ray Optical Systems Inc. · AB Sciex LLC · Leica Microsystems Inc · Leica Microsystems Gmbh · Leica Microsystems Commission Account · Ab Sciex (Manufacturing) A Div Of Ab Sciex Pte Limited · AB Sciex Pte. Limited – Commission Account · Leica Global Marketing · Aribex Inc · Radiometer Tibbi Malzemeler San.Ve Tic. Ltd. Sti · Beckman Coulter India Private Limited, India [U33119MH2005PTC157177] · Esko-Graphics India Private Limited, India [U72200KA2008FTC046410] · X-Rite India Private Limited, India [U74120MH2011FTC216709] · Leica Microsystems Back Charge Account · E D S C Research And Development Private Limited, India [U72901DL2006PTC148635] · Hach Lange Ssrl · Kavo Kerr Dental (Suzhou) Co, Limited · Leica Microsystems Ltd-Shanghai · Dynapar · Fluke Corporation · Fluke South East Asia Pte Ltd · Jacobs Vehicle Systems · Hengstler GmbH · Jolyson Clark · Kollmorgen Corporation · Negele Messtechnik GmbH · Kollmorgen Europe Gmbh · Setra Systems · Qualitrol Corporation · Thomson Industries Inc · Tektronix (India) Private Limited, India [U74140KA1996PTC020729] · Gilbarco Veeder Root India Private Limited, India [U29268TZ2009PTC027778] |
|
|
|
|
Subsidiary Company
: |
Videojet Technologies (I) Private Limited, India [U99999MH1995PTC087146] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2503000 |
Equity Shares |
INR 10/- each |
INR 25.030 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2460953 |
Equity Shares |
INR 10/- each |
INR 24.610
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.610 |
10.014 |
10.014 |
|
(b) Reserves and Surplus |
3388.218 |
(474.523) |
(434.429) |
|
(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) |
3412.828 |
(464.509) |
(424.415) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
100.162 |
91.633 |
84.898 |
|
Total Non-current
Liabilities (3) |
100.162 |
91.633 |
84.898 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
250.000 |
1630.000 |
1778.808 |
|
(b) Trade
payables |
1231.873 |
799.869 |
523.694 |
|
(c) Other
current liabilities |
132.478 |
124.510 |
136.052 |
|
(d) Short-term
provisions |
5.801 |
7.790 |
8.750 |
|
Total Current
Liabilities (4) |
1620.152 |
2562.169 |
2447.304 |
|
|
|
|
|
|
TOTAL |
5133.142 |
2189.293 |
2107.787 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
427.738 |
373.499 |
293.047 |
|
(ii)
Intangible Assets |
0.000 |
83.467 |
243.832 |
|
(iii) Tangible assets
capital work-in-progress |
0.146 |
0.146 |
0.146 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1908.192 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
264.372 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
151.802 |
157.993 |
149.564 |
|
(e) Other
Non-current assets |
26.666 |
16.616 |
20.438 |
|
Total Non-Current
Assets |
2778.916 |
631.721 |
707.027 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
748.666 |
570.656 |
593.424 |
|
(c) Trade
receivables |
1287.627 |
802.488 |
693.796 |
|
(d) Cash and
bank balances |
162.079 |
25.656 |
7.320 |
|
(e)
Short-term loans and advances |
99.566 |
104.773 |
79.574 |
|
(f) Other
current assets |
56.288 |
53.999 |
26.646 |
|
Total
Current Assets |
2354.226 |
1557.572 |
1400.760 |
|
|
|
|
|
|
TOTAL |
5133.142 |
2189.293 |
2107.787 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3905.947 |
3420.350 |
2708.064 |
|
|
Other Income |
31.277 |
6.321 |
44.385 |
|
|
TOTAL |
3937.224 |
3426.671 |
2752.449 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2029.186 |
1458.879 |
1357.619 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(178.010) |
22.768 |
(285.259) |
|
|
Employee benefit expense |
816.574 |
819.347 |
764.096 |
|
|
Other expenses |
848.352 |
761.477 |
637.213 |
|
|
Prior period items |
0.000 |
(35.838) |
(10.361) |
|
|
TOTAL |
3516.102 |
3026.633 |
2463.308 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
421.122 |
400.038 |
289.141 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.343 |
163.140 |
175.852 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
396.779 |
236.898 |
113.289 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
232.506 |
274.806 |
280.134 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
164.273 |
(37.908) |
(166.845) |
|
|
|
|
|
|
|
Less |
TAX |
(143.063) |
2.186 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
307.336 |
(40.094) |
(166.845) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
124.86 |
(40.04) |
(166.61) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
199.610 |
360.423 |
88.241 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
100.316 |
519.222 |
261.910 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
120.33 |
85.64 |
93.51 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.03 |
4.26 |
3.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
221.58 |
200.12 |
140.80 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.56 |
0.70 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.98 |
0.88 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.32 |
1.17 |
1.16 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.07 |
(3.51) |
(4.19) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.47 |
(5.52) |
(5.77) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
(0.98) |
(1.27) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
17.30 |
2.45 |
1.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.87 |
(1.17) |
(6.16) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.99 |
(1.83) |
(7.92) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.01 |
8.63 |
39.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.45 |
0.61 |
0.57 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.99 |
0.39 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.66 |
(0.21) |
(0.20) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.16 |
162.77 |
177.63 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.45 |
0.61 |
0.57 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
10.014 |
10.014 |
24.610 |
|
Reserves & Surplus |
(434.429) |
(474.523) |
3388.218 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(424.415) |
(464.509) |
3412.828 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1778.808 |
1630.000 |
250.000 |
|
Total
borrowings |
1778.808 |
1630.000 |
250.000 |
|
Debt/Equity
ratio |
(4.191) |
(3.509) |
0.073 |
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 |
2708.064 |
3420.350 |
3905.947 |
|
|
|
26.302 |
14.197 |
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 |
2708.064 |
3420.350 |
3905.947 |
|
Profit/ (Loss) |
(166.845) |
(40.094) |
307.336 |
|
|
(6.16
%) |
(1.17
%) |
7.87
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
24.610 |
|
(b) Reserves and Surplus |
|
|
3668.097 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
(d) Minority interest |
|
|
14.995 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
3692.707 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long-term
liabilities |
|
|
0.457 |
|
(d) long-term
provisions |
|
|
100.162 |
|
Total Non-current
Liabilities (3) |
|
|
100.619 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
|
250.000 |
|
(b) Trade
payables |
|
|
1523.259 |
|
(c) Other
current liabilities |
|
|
242.552 |
|
(d) Short-term
provisions |
|
|
19.529 |
|
Total Current
Liabilities (4) |
|
|
2035.340 |
|
|
|
|
|
|
TOTAL |
|
|
5843.661 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
460.338 |
|
(ii)
Intangible Assets |
|
|
800.476 |
|
(iii) Tangible assets
capital work-in-progress |
|
|
0.145 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
294.053 |
|
(d)
Long-term loans and advances |
|
|
559.157 |
|
(e) Other
Non-current assets |
|
|
26.666 |
|
Total Non-Current
Assets |
|
|
2140.835 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
1054.940 |
|
(c) Trade
receivables |
|
|
1606.026 |
|
(d) Cash and
bank balances |
|
|
783.464 |
|
(e)
Short-term loans and advances |
|
|
197.512 |
|
(f) Other
current assets |
|
|
60.884 |
|
Total
Current Assets |
|
|
3702.826 |
|
|
|
|
|
|
TOTAL |
|
|
5843.661 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
|
6159.314 |
|
|
Other Income |
|
|
124.500 |
|
|
TOTAL |
|
|
6283.814 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
|
3355.183 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(247.032) |
|
|
Employee benefit expense |
|
|
1212.774 |
|
|
Other expenses |
|
|
1081.433 |
|
|
TOTAL |
|
|
5402.358 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
881.456 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
24.786 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
856.670 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
247.862 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
608.808 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
18.569 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) FOR PERIOD
BEFORE MINORITY INTEREST |
|
|
590.239 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
|
(3.024) |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) FOR PERIOD |
|
|
587.215 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
238.15 |
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
250.000 |
1630.000 |
|
|
|
|
|
Total |
250.000 |
1630.000 |
STATE OF
COMPANY’S AFFAIRS AND FUTURE OUTLOOK
During the year, the turnover of the company grew by 14% in a challenged environment. Your company did very well in the businesses of KavoKerr (59% growth), Hach (20%), Radiometer (43%), Hemocue (25%), Sciex (9%) and Leica (4%). The directors are hopeful of continued growth in all the businesses for the coming year.
The Company had an equity infusion for an amount of INR 3570.000 Million, which was utilized towards repayment of Citibank debt (INR 160.000 Million) and acquisition of shares of Videojet Technologies (I) Private Limited. With the repayment of debt, the Company also managed to reduce the finance costs, thereby improving the financial position.
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 608-609, 6th
Floor, 18 Rattan Jyoti Building, Rajendra Place, New Delhi-110008, India to the
present address w.e.f 22.08.2011
FIXED ASSETS:
Tangible Assets
·
Plant and Equipment
·
Furniture and Fixtures
· Leasehold Improvements
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 65.78 |
|
UK Pound |
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.