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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

505046

Report Date :

21.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KHS MACHINERY PRIVATE LIMITED

 

 

Registered Office :

53, Madhuban, Near Madalpur Under Bridge, Ellisbridge Post Office, Ahmedabad – 380006, Gujarat

Tel. No.:

91-79-26442729

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

26.05.1997

 

 

Com. Reg. No.:

04-032397

 

 

Capital Investment / Paid-up Capital :

INR 10.000 Million

 

 

CIN No.:

[Company Identification No.]

U29199GJ1997FTC032397

 

 

IEC No.:

[Import-Export Code No.]

0897004361

 

 

GSTN :

[Goods & Service Tax Registration No.]

24AABCK2513Q1ZI

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AABCK2513Q

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing of filling and packaging machineries for food and beverage industries. [Registered activity]

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Maximum Credit Limit :

USD 2420000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exists

 

 

Comments :

KHS Machinery Private Limited is a subsidiary of “KHS GmbH Germany”. The company was incorporated in the year 1997.


It is a manufacturer of filling and packaging machineries for food and beverage industries.

For the financial year 2017, the company has achieved 14.70% growth in its revenue as compared to previous year revenue and has maintained healthy profitability margin of 19.09% during the year under review.


The sound financial profile of the company marked by adequate networth base along with strong debt coverage indicators due to debt free balance sheet profile.

Rating takes into account of strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team.


The company has decent earning per shares (EPS) of INR 533.37 against the face value (FV) of INR 10.


Rating also derives strength from company’s established track record of business.


Business is active. Payment seems to be regular.


In view of aforesaid, the company can be considered for good 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 21.04.2018

 

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 BY

 

Name :

Mr. Sumanto Sinha

Designation :

Senior Manager

Contact No.:

91-9811324208

Date :

20.04.2018

 

Management non-cooperative Tel No.: 91-79-26442729

 

LOCATIONS

 

Registered Office :

53, Madhuban, Near Madalpur Under Bridge, Ellisbridge Post Office, Ahmedabad – 380006, Gujarat, India

Tel. No.:

91-79-26442729 / 26440331 / 26443236 

Mobile No.:

91-9811324208 (Mr. Sumanto Sinha)

Fax No.:

91-79-26421324

E-Mail :

info@mamata.com

khs@khsindia.com

mahendra@ad1.vsnl.net.in

jignesh.patel@khs.com

mamatagroup@mamata.com

Website :

www.khsindia.com

www.khs.com

 

 

Factory :

Near Hirapur Cross Road, Vatva-Mahemdabad Highway, Ahmedabad – 382435, Gujarat, India

Tel. No.:

91-79-66100000

Fax No.:

91-79-66100010

 

 

Sales Office :

15, Madhuban, Near Madalpur Under Bridge, Ellisbridge Post Office, Ahmedabad – 380006, Gujarat, India

Tel. No.:

91-79-26440331 / 26443236 / 25832866

Fax No.:

91-79-26445146

 

 

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Yatindra Ramakant Sharma

Designation :

Managing Director

Address :

Bunglow No-7 Sudip CHSL (Royal Cresent) Near Asopalav Bunglow, Thaltej, Opposite Swag At Party, Ahmedabad – 380059, Gujarat, India

Date of Birth/Age :

14.03.1955

Qualification :

B. E .MBA

Date of Appointment :

01.04.2008

PAN No.:

AKUP63527L

DIN No.:

00349038

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U35117GJ1995PLC026214

INVESCO FISCAL SERVICES LIMITED

16/01/2006

-

AAG-0901

INVESCO FISCAL SERVICES LLP

31/03/2016

-

 

 

Name :

Mr. Mahendra Narsinhbhai Patel

Designation :

Director

Address :

12/A, Kairvi Bungalows, Near Sarthi Hotel, Vastrapur Road, Bodakdev, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

17.01.1949

Qualification :

MSC. Industrial

Date of Appointment :

01.01.2011

PAN No.:

AALPP5256G

DIN No.:

00104997

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U28999GJ1995FTC025601

KLOECKNER DESMA MACHINERY PRIVATE LIMITED

01/04/2016

-

U74999GJ1995FTC025783

MILACRON INDIA PRIVATE LIMITED

31/05/1995

-

U72200GJ2000PTC038028

VIBRATIONS INFOTALS PRIVATE LIMITED

30/03/2006

-

U40106GJ2001PTC039173

MAMATA ENERGY PRIVATE LIMITED

17/01/2001

-

U65999GJ2004PTC044563

NATRAJ FINSEC (INDIA) PRIVATE LIMITED

06/11/2006

-

U65910GJ1993PTC019248

MAMATA GROUP CORPORATE SERVICES PRIVATE LIMITED

11/08/1997

-

U65910GJ1990PTC014305

MAMATA MANAGEMENT SERVICES PRIVATE LIMITED

31/12/2006

-

U25202GJ2006PTC047451

MAMATA-SPAN FLEXOPACK PRIVATE LIMITED

04/01/2006

-

U29259GJ1979PTC003363

MAMATA MACHINERY PRIVATE LIMITED

12/09/1994

-

U91100DL2012NPL239417

PLASTICS MACHINERY MANUFACTURERS ASSOCIATION OF INDIA

27/07/2012

-

U29212GJ1997PTC031529

MAMATA EXTRUSION SYSTEMS PRIVATE LIMITED

17/01/1997

-

U40106GJ2006PTC049596

MAMATA PYRON SOLAR PRIVATE LIMITED

19/12/2006

-

U74999MH2017PTC291479

HYPERION RESEARCH PRIVATE LIMITED

21/02/2017

-

 

 

Name :

Mr. Parthasarathi Ghose

Designation :

Director

Address :

16, Yogeshwar Bunglows, Gulab Tower Road, Thaltej, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

06.02.1969

Qualification :

B Tech. Chemical

Date of Appointment :

19.07.2011

PAN No.:

ABDFG8545K

DIN No.:

03521131

 

 

Name :

Mr. Norbert Pastoors

Designation :

Director

Address :

4 Holthuysstrasse, Kleve, 47533, Germany

Date of Appointment :

28.07.2015

DIN No.:

07128094

 

 

Name :

Mr. Frank Hollmann

Designation :

Director

Address :

2B Rosselstrasse, Wiesbaden Nordost, 65193, Germany

Date of Appointment :

28.07.2015

DIN No.:

07128107

 

Name :

Mr. Matthias K. Nimeyer

Designation :

Nominee Director

Address :

Pelikanstr 57, Hannover – 30177, Germany

Date of Birth/Age :

19.05.1967

Date of Appointment :

23.11.2009

DIN No.:

02855100

 

 

KEY EXECUTIVES

 

Name :

Mr. Sumanto Sinha

Designation :

Senior Manager

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2015

 

Names of Shareholders

 

No. of Shares

Mahendra N. Patel

 

41240

Nayana M. Patel

 

10

KHS GmbH, Germany

 

945000

Yatindra R. Sharma

 

13750

 

 

 

Total

 

1000000

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 28.07.2015

 

Category

Percentage

Promoters [Individual/Hindu Undivided Family (Indian)]

4.13

Public/Other than promoters [Individual/Hindu Undivided Family (Indian)]

1.37

Public/Other than promoters [Body corporate]

94.50

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of filling and packaging machineries for food and beverage industries. [Registered activity]

 

 

Products / Services :

Name and Description of main products / services

ITC Code

Pasteurizer

84198950

Bottle Filling Machinery

84223000

Conveyors and Others

84283300

Conveyors and Others - Parts

84313990

Date Coder/Inkjet Printer

84431900

Measuring or Checking Instruments

90314900

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

Not Divulged 

 

 

Bankers :

Banker Name :

State Bank of India

Branch :

Vatva Industrial Branch, Vatava, Ahmedabad, Gujarat, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

SECURED LOANS

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

Loans repayable on demand from banks

0.000

1.793

 

 

 

Total

0.000

1.793

 

Auditors :

 

Name :

Price Waterhouse LLP

Chartered Accountants

Address :

President Plaza, 1st Floor, Plot No. 36, Opposite Muktidham Derasar, Thaltej Cross Road, Ahmedabad – 380054, Gujarat, India

Income-tax PAN of auditor or auditor's firm :

AAFFP3698A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Joint venture :

·         KHS GMBH, Germany

 

 

Fellow Subsidiary Companies :

·         Khs Industria De Maruinas LTDA, Brazil

·         KHS Asia PTE Limited, Singapore

·         KHS INC USA, United States

·         KHS Pacific Pty Limited, Australia

·         K H S Corpoplast GMBH And Co, KG, Germany

·         KHS Mexico S.A, Mexico

·         Corpoplast Beverages Equipment (Suzhou) Co Limited, China

·         KHS Filling and Packaging Equipt (Shanghai) Co Limited, China

·         KHS Machines Nigeria Limited, South Africa

·         KHS Machine and Equipment (Qinhuangdao) Co. Limited, China

·         KHS Plasmax, Germany

 

 

Other related parties :

·         Mamata Air Wings, India

·         Mamata Machinery Private Limited, India

·         Klockner Desma Machinery Private Limited, India

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

INR 10/- each

INR 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

INR 10/- each

INR 10.000 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

10.000

10.000

10.000

(b) Reserves & Surplus

836.731

774.926

700.137

(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)

846.731

784.926

710.137

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

1.793

5.664

(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

0.000

65.864

67.158

Total Non-current Liabilities (3)

0.000

67.657

72.822

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

896.191

918.359

847.650

(c) Other current liabilities

291.331

361.978

360.966

(d) Short-term provisions

218.151

178.268

629.679

Total Current Liabilities (4)

1405.673

1458.605

1838.295

 

 

 

 

TOTAL

2252.404

2311.188

2621.254

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

264.249

281.388

321.827

(ii) Intangible Assets

1.380

1.904

0.080

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

1.028

14.478

14.662

(d) Long-term Loan and Advances

196.926

163.889

59.967

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

463.583

461.659

396.536

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

506.634

363.870

337.705

(c) Trade receivables

627.155

497.587

500.745

(d) Cash and cash equivalents

622.146

928.188

1319.779

(e) Short-term loans and advances

31.541

58.298

64.744

(f) Other current assets

1.345

1.586

1.745

Total Current Assets

1788.821

1849.529

2224.718

 

 

 

 

TOTAL

2252.404

2311.188

2621.254

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Revenue from operations

2794.326

2436.059

3446.323

 

Other Income

147.150

126.444

111.754

 

TOTAL

2941.476

2562.503

3558.077

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

1629.433

1496.057

2138.209

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(127.815)

(57.751)

21.792

 

Employee benefit expense

383.854

369.907

352.590

 

CSR expenditure

10.437

5.952

3.739

 

Other expenses

213.975

191.291

285.959

 

TOTAL

2109.884

2005.456

2802.289

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

831.592

557.047

755.788

 

 

 

 

 

Less

FINANCIAL EXPENSES

1.389

1.829

3.768

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

830.203

555.218

752.020

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

40.547

45.039

42.414

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

789.656

510.179

709.606

 

 

 

 

 

Less

TAX

256.282

152.550

221.494

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

533.374

357.629

488.112

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

533.37

357.63

488.11

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

1.793

3.871

3.937

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

376.269

576.198

1036.579

Net cash flows from (used in) operating activities

101.172

273.096

764.516

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

81.92

74.55

53.03

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

4.46

4.90

6.88

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

200.75

224.06

144.70

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.64

1.53

2.24

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

3.13

1.97

2.35

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.62

0.63

0.70

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.01

0.01

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.66

1.86

2.59

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.31

0.36

0.45

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

598.70

304.56

200.58

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

PAT to Sales

((PAT / Sales) * 100)

%

19.09

14.68

14.16

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

23.68

15.47

18.62

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

62.99

45.56

68.73

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.27

1.27

1.21

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.91

1.02

1.03

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.38

0.34

0.27

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.18

0.57

0.96

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.27

1.27

1.21

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

10.000

10.000

10.000

Reserves & Surplus

700.137

774.926

836.731

Net worth

710.137

784.926

846.731

 

 

 

 

Long-term borrowings

5.664

1.793

0.000

Short term borrowings

0.000

0.000

0.000

Current maturities of long-term debts

3.937

3.871

1.793

Total borrowings

9.601

5.664

1.793

Debt/Equity ratio

0.014

0.007

0.002

 

 

 

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

3446.323

2436.059

2794.326

 

 

(29.314)

14.707

 

 

 

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

3446.323

2436.059

2794.326

Profit/ (Loss)

488.112

357.629

533.374

 

14.16 %

14.68 %

19.09 %

 

 

 

LEGAL CASES

 

HIGH COURT OF GUJARAT

 

TAX APPEAL No. 461 of 2012

 

Status : PENDING

( Converted from : ST/1386/2012 )

CCIN No : 001092201200461

 

Last Listing Date:

07/04/2014

Coram

·         HONOURABLE MR.JUSTICE AKIL KURESHI

·         HONOURABLE MS JUSTICE SONIA GOKANI

S.NO.

Name of the Petitioner

Advocate On Record

1

COMMISSIONER OF INCOME TAX II

MRS MAUNA M BHATT for: Appellant(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

 

S.NO.

Name of the Respondant

Advocate On Record

1

KHS MACHINERY PVT LTD

MR MANISH J SHAH for :Opponent(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

 

 

Presented On

: 10/07/2012

Registered On

: 10/07/2012

Bench Category

: DIVISON BENCH

District

: AHMEDABAD

Case Originated From

: THROUGH HIS/HER/THEIR ADVOCATE

Listed

: 268 times

StageName

: FOR REGULAR ADMISSION

 

Classification

·         DB - OJ - TAX APPEAL - INCOME TAX ACT, 1961 - APPEAL TO HIGH COURT - U/S 260 OF IT ACT

Act

·         INCOME-TAX ACT, 1961

 

 

Other Forums

 

S.No.

CASEDETAILS

TRIBUNAL REFERRENCE

ORDER PASSED BY

JUDGEMENT DATE

PLACE

1

ITA/79/AHD/2008

INCOME TAX APPELLATE TRIBUNAL AHMEDABAD C BENCH

INCOME TAX APPELLATE TRIBUNAL AHMEDABAD

10/02/2012

AHMEDABAD

 

 

Office Details

 

S. No.

Filing Date

Document Name

Advocate Name

Court Fee on Document

Document Details

1

10/07/2012

CERTIFIED COPY

MRS MAUNA M BHATT ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

6

MRS MAUNA M BHATT:1

2

10/07/2012

MEMO OF PETITION/APPEAL/SUIT

MRS MAUNA M BHATT ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

20

MRS MAUNA M BHATT:1

3

15/08/2012

VAKALATNAMA

MR MANISH J SHAH ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

-

MR MANISH J SHAH:1

4

15/08/2012

VAKALATNAMA

MRS MAUNA M BHATT ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

-

MRS MAUNA M BHATT:1

5

11/10/2012

VAKALATNAMA

MR MANISH J SHAH ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

5

MR MANISH J SHAH:1

 

 

Linked Matters

 

S. No.

CaseDetail

Status Name

Disposal Date

Action/Coram

1

SPECIAL CIVIL APPLICATION/9759/2014

PENDING

-

-

·         HONOURABLE MR.JUSTICE M.R. SHAH 

·         HONOURABLE MR.JUSTICE K.J.THAKER

 

 

Applications

 

S. No.

CaseDetail

Status Name

Disposal Date

Action/Coram

1

MISC. CIVIL APPLICATION (OJ)/43/2014

DISPOSED

14/03/2014

ALLOWED / GRANTED @ ADM.STAGE

·         HONOURABLE MR. JUSTICE VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE N.V.ANJARIA

 

 

Court Proceedings

 

S. No.

Notified Date

CourtCode

Board Sr. No.

Stage

Action

Coram

1

09/08/2012

7

-

BOARD NO. I-A

RULE/ADMIT

·         HONOURABLE MR. JUSTICE VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE N.V.ANJARIA

2

31/03/2014

7

32

FOR REGULAR ADMISSION

NEXT DATE

·         HONOURABLE MR.JUSTICE AKIL KURESHI 

·         HONOURABLE MS JUSTICE SONIA GOKANI

3

07/04/2014

7

40

FOR REGULAR ADMISSION

NEXT DATE

·         HONOURABLE MR.JUSTICE AKIL KURESHI 

·         HONOURABLE MS JUSTICE SONIA GOKANI

 

 

Available Orders

 

S. No.

Case Details

Judge Name

Order Date

CAV

Judgement

Questions

Transferred

1

TAX APPEAL/461/2012

·         HONOURABLE MR. JUSTICE VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE N.V.ANJARIA

09/08/2012

N

ORDER

-

Y

2

TAX APPEAL/461/2012

·         HONOURABLE MR.JUSTICE AKIL KURESHI 

·         HONOURABLE MS JUSTICE SONIA GOKANI

07/04/2014

N

ORDER

-

Y

 

 

Certified Copy

 

S. No.

ApplicantName

ApplicationType

Application Date

UOL Number

Order Date

Notify Date

Delivery Date

Status

Nature Of Document

1

MRS MAUNA M BHATT

ORDINARY

14/08/2012

O/26860/2012

09/08/2012

29/08/2012

30/08/2012

Delivered

ORDER

2

MRS MAUNA M BHATT

ORDINARY

09/04/2014

O/14983/2014

07/04/2014

10/04/2014

11/04/2014

Delivered

ORDER

 

 

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

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

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

GENERAL INFORMATION

 

The Company is in the business of manufacturing of bottling and packaging machines. It was established in the year 1997. It has manufacturing plant in India and sells primarily in India as well as outside India. KHS India offers complete lines as well as stand-alone equipment for Glass, Can and PET application for beverage industry, viz. Soft drinks, Beer and Spirits. The range of machines offered includes Filler Crowner/Cappers, Rinsers, Washers, Deaerator-Mixer-Carbonators, pick-n-place Unpackers and Packers, Labelers, Tunnel Pasteurisers, Shrink packers, Palletisers, all types of Conveyor systems, blow moulding machineries, pouching machine etc.

 

 

YEAR IN RETROSPECT

 

There has been a 15% rise in sales and other income for the year in consideration. During the year they have been successful in obtaining orders from non-key account customers against stiff competition and with good margins.

 

The Company has registered a unique landmark of executing multipurpose Can line for various types of beverages. This is first of its kind in the Indian beverage market. The Company is also working very aggressively to develop low cost but highly profitable solutions to get more market share. The profit margins for the year are higher as compared to last year.

 

The Company is foreseeing challenges in light of GST implementation and adverse ruling by Supreme Court for Beer and Spirit industry in the Indian market. However, the company is confident to overcome the same for the coming year.

 

 

INDEX OF CHARGES:

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

B44748440

90106587

State Bank of India

18/12/2001

-

12/07/2012

1000000.0

Vatva Industrial Branch, Vatava, Ahmedabad, Gujarat, India

 

 

FIXED ASSETS:

 

·         Land

·         Buildings

·         Factory Building

·         Plant and Equipment

·         Factory Equipments

·         Furniture and Fixtures

·         Vehicles

·         Motor Vehicles

·         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, 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 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 66.02

UK Pound

1

INR 92.73

Euro

1

INR 81.46

 

 

INFORMATION DETAILS

 

Information Gathered by :

AKS

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

JYTK

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.