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%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
505244 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ELEVATOR (INDIA) PRIVATE LIMITED (w.e.f.
15.03.2005) |
|
|
|
|
Formerly Known
As : |
THYSSENKRUPP ECE ELEVATOR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
429, Functional Industrial Estate, Patparganj, Delhi - 110092 |
|
Tel. No.: |
91-11-40429429/ 4177020/ 41770200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.02.1999 |
|
|
|
|
Com. Reg. No.: |
55-098162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1301.620 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239DL1999PTC098162 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0503004022 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT6921F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in supply, installation, testing, commissioning, modernisation, repairs and maintenance of elevators, escalators and moving walkways and assembly of elevator components. (Registered Activity) |
|
|
|
|
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a step down subsidiary of “ThyssenKrupp AG” Germany. ThyssenKrupp AG is headquartered in Germany and is a diversified industrial conglomerate, which currently operates through six segments: Industrial Solutions, Components Technology, Elevator Technology, Material Services, Steel Europe and Steel Americas. As per the financial record of 2017, the concern has achieved 4.75% growth in its revenue as compared to the previous year’s revenue and has reported fair profitability margin of 7.15%. The company possesses sound financial position marked by healthy net worth base along with negligible debt level and satisfactory liquidity position. Rating also takes note that the company has a presence in various segments which reduce industry specific risks. Rating further takes into account the established track record of the company in each business segment, with strong technical, financial and managerial backing from ThyssenKrupp Group. Rating is constrained on account of low reserve base of the company. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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
31-03-2018.
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 23.04.2018
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. Amit |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-11-41770200 |
|
Date : |
23.04.2018 |
91-11-40429429 – Ringing
91-11–41770200 Not Working
LOCATIONS
|
Registered Office : |
429, Functional Industrial Estate, Patparganj, Delhi-110092, India |
|
Tel. No.: |
91-11-40429429/ 4177020 |
|
Fax No.: |
91-11-41770300 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
1007, Windfall, Sahar Plaza, J.B. Nagar, Vardhan House, A-4, St No.3,
MIDC, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40429429 |
|
Fax No.: |
91-22-40429430 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Pune, Maharashtra, India |
|
|
|
|
Branch Office : |
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Peter James Walker |
|
Designation : |
Director |
|
Address : |
House No. C 3, Banyan Villas No. 9, Stanley Village Road, Na, Hong Kong |
|
Date of Birth/Age : |
09.11.1962 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
25.05.2005 |
|
DIN No.: |
00784360 |
|
|
|
|
Name : |
Mr. Bharat Sunder Vishnani |
|
Designation : |
Managing Director |
|
Address : |
1/2 Juhu Vishal Society North South Road-5, Juhu Scheme, Juhu, Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
23.05.1963 |
|
Qualification: |
Diploma in Electrical Engineering |
|
Date of Appointment : |
01.05.2014 |
|
DIN No.: |
06610215 |
|
|
|
|
Name : |
Mr. Manish Mehan |
|
Designation : |
Director |
|
Address : |
12/33, Punjabi Bagh, New Delhi - 110026, India |
|
Date of Birth/Age : |
05.05.1979 |
|
Qualification: |
Chartered Accountant |
|
Date of Appointment : |
01.07.2013 |
|
PAN No.: |
AIVPM2330C |
|
DIN No.: |
06636092 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Gupta |
|
Designation : |
Company Secretary |
|
Address : |
Emaar Mgf Land, Ece House 28,K.G. Marg, Delhi-110001, India |
|
Date of Birth/Age : |
21.01.1985 |
|
Qualification: |
Company Secretary and LLB |
|
Date of Appointment : |
14.08.2014 |
|
PAN No.: |
AJRPG8126H |
|
|
|
|
Name : |
Mr. Amit |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Thyssenkrupp Elevator AG, Germany |
|
114211999 |
|
Eleg Europasche Lift + Escalator GmbH, Germany |
|
1 |
|
|
|
|
|
Total |
|
114212000 |
|
Names of
Preference Shareholder |
No.
of Shares |
|
Thyssenkrupp Elevator AG, Germany |
15950000 |
|
|
|
|
Total |
15950000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image006.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in supply, installation, testing, commissioning, modernisation, repairs and maintenance of elevators, escalators and moving walkways and assembly of elevator components. (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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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 : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building No. 8, 7th and 8th Floor, Tower B, DLF Cyber City, Gurugram – 122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding
Company: |
|
|
|
|
|
Ultimate
Holding Company: |
|
|
|
|
|
Subsidiary company: |
|
|
|
|
|
Other related
party: |
|
|
|
|
|
Fellow
Subsidiary company: |
|
|
|
|
|
Associate: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
137003600 |
Equity Shares |
INR 10/- each |
INR 1370.036 Million |
|
15950000 |
Preference Shares |
INR 10/- each |
INR 159.500 Million |
|
|
|
|
|
|
|
Total
|
|
INR 1529.536
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114212000 |
Equity Shares |
INR 10/- each |
INR 1142.120 Million |
|
15950000 |
Preference Shares |
INR 10/- each |
INR 159.500
Million |
|
|
|
|
|
|
|
Total
|
|
INR 1301.620 Million |
FINANCIAL DATA
[all figures are
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 |
1301.620 |
1301.620 |
1301.620 |
|
(b) Reserves and Surplus |
1279.930 |
838.910 |
569.230 |
|
(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) |
2581.550 |
2140.530 |
1870.850 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1130.000 |
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 |
474.490 |
418.960 |
380.790 |
|
Total Non-current
Liabilities (3) |
1604.490 |
418.960 |
380.790 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
150.000 |
0.000 |
|
(b) Trade
payables |
749.360 |
523.520 |
650.020 |
|
(c) Other
current liabilities |
2545.240 |
2658.060 |
2379.370 |
|
(d) Short-term
provisions |
99.800 |
129.980 |
48.710 |
|
Total Current
Liabilities (4) |
3394.400 |
3461.560 |
3078.100 |
|
|
|
|
|
|
TOTAL |
7580.440 |
6021.050 |
5329.740 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
528.600 |
552.060 |
523.530 |
|
(ii)
Intangible Assets |
4.600 |
6.590 |
11.670 |
|
(iii) Tangible assets
capital work-in-progress |
1569.600 |
488.290 |
52.960 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
14.270 |
214.800 |
352.950 |
|
(c) Deferred tax assets (net) |
363.670 |
286.250 |
252.810 |
|
(d)
Long-term loans and advances |
118.860 |
86.010 |
107.540 |
|
(e) Other
Non-current assets |
16.320 |
24.570 |
9.190 |
|
Total Non-Current
Assets |
2615.920 |
1658.570 |
1310.650 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
196.720 |
0.000 |
0.000 |
|
(b)
Inventories |
900.250 |
959.740 |
770.840 |
|
(c) Trade
receivables |
2213.130 |
2422.520 |
2206.600 |
|
(d) Cash and
bank balances |
557.700 |
117.090 |
221.250 |
|
(e)
Short-term loans and advances |
657.060 |
378.180 |
611.410 |
|
(f) Other
current assets |
439.660 |
484.950 |
208.990 |
|
Total
Current Assets |
4964.520 |
4362.480 |
4019.090 |
|
|
|
|
|
|
TOTAL |
7580.440 |
6021.050 |
5329.740 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6168.050 |
5888.460 |
5626.360 |
|
|
Other Income |
141.470 |
118.880 |
174.080 |
|
|
TOTAL |
6309.520 |
6007.340 |
5800.440 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(27.080) |
(25.420) |
0.000 |
|
|
Employee benefit expense |
1384.280 |
1271.380 |
1126.740 |
|
|
CSR expenditure |
6.810 |
5.940 |
0.000 |
|
|
Other expenses |
4169.400 |
4255.620 |
4131.890 |
|
|
Prior period items |
0.000 |
4.800 |
0.000 |
|
|
TOTAL |
5533.410 |
5512.320 |
5258.630 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
776.110 |
495.020 |
541.810 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.100 |
12.670 |
8.760 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
755.010 |
482.350 |
533.050 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
64.890 |
61.460 |
102.380 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
690.120 |
420.890 |
430.670 |
|
|
|
|
|
|
|
Less |
TAX |
249.100 |
151.210 |
152.470 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
441.020 |
269.680 |
278.200 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
35.180 |
13.860 |
13.040 |
|
|
TOTAL EARNINGS |
35.180 |
13.860 |
13.040 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
747.290 |
806.130 |
672.680 |
|
|
TOTAL IMPORTS |
747.290 |
806.130 |
672.680 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.39 |
2.07 |
2.44 |
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1138.350 |
169.940 |
457.500 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
668.380 |
253.810 |
(106.790) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
130.96 |
150.16 |
143.15 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.79 |
2.43 |
2.55 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.86 |
0.52 |
0.70 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.37 |
0.47 |
0.92 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.57 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.44 |
0.07 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.31 |
1.62 |
1.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.81 |
0.49 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
36.78 |
39.07 |
61.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.15 |
4.58 |
4.94 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.82 |
4.48 |
5.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.08 |
12.60 |
14.87 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.46 |
1.26 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.20 |
0.98 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.36 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.87 |
0.12 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.46 |
1.26 |
1.31 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1301.620 |
1301.620 |
1301.620 |
|
Reserves & Surplus |
569.230 |
838.910 |
1279.930 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1870.850 |
2140.530 |
2581.550 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
1130.000 |
|
Short term borrowings |
0.000 |
150.000 |
0.000 |
|
Total
borrowings |
0.000 |
150.000 |
1130.000 |
|
Debt/Equity
ratio |
0.000 |
0.070 |
0.438 |
%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image007.gif)
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 |
5626.360 |
5888.460 |
6168.050 |
|
|
|
4.658 |
4.748 |
%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image008.gif)
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 |
5626.360 |
5888.460 |
6168.050 |
|
Profit/ (Loss) |
278.200 |
269.680 |
441.020 |
|
|
4.94
% |
4.58
% |
7.15
% |
%20PRIVATE%20LIMITED%20-%20505244%2023-Apr-2018_files/image009.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1301.620 |
1301.620 |
|
(b) Reserves and Surplus |
|
1298.520 |
866.270 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2600.140 |
2167.890 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1130.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
482.520 |
425.210 |
|
Total Non-current
Liabilities (3) |
|
1612.520 |
425.210 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
153.050 |
|
(b) Trade
payables |
|
760.020 |
527.860 |
|
(c) Other
current liabilities |
|
2577.300 |
2661.070 |
|
(d) Short-term
provisions |
|
101.320 |
133.270 |
|
Total Current
Liabilities (4) |
|
3438.640 |
3475.250 |
|
|
|
|
|
|
TOTAL |
|
7651.300 |
6068.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
538.710 |
554.360 |
|
(ii)
Intangible Assets |
|
4.710 |
6.740 |
|
(iii) Tangible assets
capital work-in-progress |
|
1569.600 |
488.290 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
215.190 |
|
(c) Deferred tax assets (net) |
|
363.670 |
286.250 |
|
(d)
Long-term loans and advances |
|
121.230 |
84.800 |
|
(e) Other
Non-current assets |
|
16.320 |
24.570 |
|
Total Non-Current
Assets |
|
2614.240 |
1660.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
196.710 |
0.000 |
|
(b)
Inventories |
|
917.020 |
967.960 |
|
(c) Trade
receivables |
|
2232.270 |
2436.500 |
|
(d) Cash and
bank balances |
|
583.370 |
142.170 |
|
(e)
Short-term loans and advances |
|
666.790 |
372.650 |
|
(f) Other
current assets |
|
440.900 |
488.870 |
|
Total
Current Assets |
|
5037.060 |
4408.150 |
|
|
|
|
|
|
TOTAL |
|
7651.300 |
6068.350 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
6274.310 |
5966.760 |
|
|
Other Income |
|
142.640 |
120.400 |
|
|
TOTAL |
|
6416.950 |
6087.160 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(33.930) |
(25.420) |
|
|
Employee benefit expense |
|
1422.020 |
1303.190 |
|
|
CSR expenditure |
|
6.920 |
5.940 |
|
|
Other expenses |
|
4253.160 |
4296.380 |
|
|
Prior period items |
|
0.000 |
4.800 |
|
|
TOTAL |
|
5648.170 |
5584.890 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
768.780 |
502.270 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
21.180 |
12.820 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
747.600 |
489.450 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
66.020 |
62.220 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
681.580 |
427.230 |
|
|
|
|
|
|
|
Less |
TAX |
|
253.200 |
155.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
428.380 |
272.130 |
|
|
|
|
|
|
|
|
SHARE
OF PROFIT (LOSS) OF ASSOCIATES |
|
3.770 |
3.920 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
432.150 |
276.050 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.29 |
2.09 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 CHARGE: No Charges Exists for Company
GENERAL INFORMATION
Subject is a Company registered in India on February 01, 1999. It is incorporated under the Companies Act, 1956. The Company is primarily engaged in supply, installation, testing, commissioning, modernisation, repairs and maintenance of elevators, escalators and moving walkways and assembly of elevator components and has operations across India.
REVIEW OF OPERATIONS
The Company is engaged in the business of inter-alia designing, engineering, developing, marketing, installing, erecting, commissioning, maintaining, servicing and renovating all kinds of elevators and escalators and all their allied or ancillary equipment/components.
During the financial year, the Company has achieved Net Profit of INR 441.000 Million as compared to INR 270.000 Million in the previous year, thereby registering a growth of about 63% on year-on-year basis.
There has been no change in the nature of business of the Company.
FUTURE OUTLOOK
The Company is looking for more avenues for constant growth and expansion. Along with further strengthening its position in India, the Company is also exploring various opportunities in the neighboring countries like Nepal, Bhutan and Bangladesh.
The Company has established state-of-the-art multi-purpose manufacturing facility at Chakan Industrial Area, Pune, India which commenced operations in the month of May, 2017. With this facility, the Company look forward to fulfill the local requirements by rolling out products which are robust and suits local market conditions.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
1130.000 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from others |
0.000 |
150.000 |
|
Total |
1130.000 |
150.000 |
FIXED ASSETS:
Tangible assets
- Land
- Furniture and fixtures
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Goodwill
- 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,
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 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
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.