|
|
|
MIRA INFORM REPORT
|
Report No. : |
506413 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECHNIP INDIA LIMITED (w.e.f. 19.06.2014) |
|
|
|
|
Formerly known
as: |
TECHNIP
KT INDIA LIMITED SELAS
INDIA LIMITED |
|
|
|
|
Registered
Office : |
B-22, Okhla Industrial Area Phase I, |
|
Tel. No.: |
91-11-26812439 |
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|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.08.1971 |
|
|
|
|
Com. Reg. No.: |
55-005742 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 199.490 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL1971PLC005742 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
07AAACK3349R1Z1 09AAACK3349R1ZX [Noida] |
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|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3349R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
· Service Provider of Design, Consultancy and Technical Services, Execution of Projects and Fabrication of Equipments. (Confirmed by Management) Subject
is principal business of the Company is design, engineering, consultancy,
fabrication, supply and erection and commissioning of plants in the chemical,
refining and petrochemical, polymer, oil and gas, fertilizers and other
allied industries. (Registered Activity |
|
|
|
|
No. of Employees
: |
80 [Approximately] |
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 13758900 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “Technip France SAS” based in It was incorporated in the year 1971 and engaged in providing design, consultancy and technical services, execution of projects and fabrication of equipment. As per financials of March 2017, the company has registered healthy operating revenue from its operations and has reported good profit margin of 8.21% under review. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with debt free balance sheet and good liquidity position. Rating also takes into account the strong financial and managerial support received from its holding entity and well experienced management team. Further, the company has reported a good Earnings Per Share of INR 53.31 against its face value of INR 10. Payments seems to be regular as per commitments. In view of aforesaid, the company can be considered good 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) |
|
|
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 27.04.2018.
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. L.S Nagi |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9873159822 |
LOCATIONS
|
Registered Office : |
B-22, Okhla Industrial Area Phase I, |
|
Tel. No.: |
91-11-26812439 |
|
Mobile No.: |
91-9873159822 [Mr. L.S Nagi] |
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Fax No.: |
91-11-26814135 |
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E-Mail : |
|
|
Website : |
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Location: |
Owned |
|
Locality: |
Industrial |
|
|
|
Operating Center :
|
·
Noida Tel. No.: 91-120-4301000/ 4301836 ·
Mumbai B1 - 701, Boomerang, Tel. No.: 91-22-67002000 ·
Chennai Technip Centre 19, Tel. No.: 91-44-22303100 |
|
|
|
Management/
Corporate Office :
|
A-602, Boomerang, |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Hiro Mulram Wadhwani |
|
Designation : |
Director |
|
Address : |
15, Silver |
|
Date of Birth/Age : |
14.07.1933 |
|
Date of Appointment : |
04.02.2015 |
|
PAN No.: |
AAAPW5059P |
|
DIN No.: |
00049871 |
|
|
|
|
Name : |
Nello Uccelletti |
|
Designation : |
Director |
|
Address : |
Technip |
|
Date of Birth/Age : |
02.04.1953 |
|
Date of Appointment : |
19.04.2013 |
|
DIN No.: |
00121706 |
|
|
|
|
Name : |
Mr. Ashish Agarwal |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No. B-302, Oberoi Woods M.G. Road, Goregaon East, Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1972 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
01.07.2016 |
|
PAN No.: |
ACWPA7724M |
|
DIN No.: |
03570742 |
|
|
|
|
Name : |
Mr. Jagjit Singh Ahuja |
|
Designation : |
Director |
|
Address : |
H. No. 23/50, 2nd Floor, Old Rajinder Nagar, New Delhi - 110060, India |
|
Date of Birth/Age : |
10.03.1950 |
|
Date of Appointment : |
04.02.2015 |
|
PAN No.: |
AAAPA1058L |
|
DIN No.: |
07087162 |
|
|
|
|
Name : |
Mr. Bhaskar Raman Patel |
|
Designation : |
Managing Director |
|
Address : |
701, K-18, Khushi Belmondo Santacruz West, Mumbai - 400054, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1961 |
|
Qualification : |
B.Sc in Chemical Engineering. |
|
Date of Appointment : |
10.06.2015 |
|
PAN No.: |
ASEPP2562Q |
|
DIN No.: |
07207935 |
|
|
|
|
Name : |
Mr. Raj Kumari Kaul |
|
Designation : |
Director |
|
Address : |
M-52, Second Floor, Saket, Delhi - 110017, India |
|
Date of Appointment : |
01.07.2016 |
|
DIN No.: |
07547162 |
|
|
|
|
Name : |
Marco Villa |
|
Designation : |
Additional Director |
|
Address : |
Via Cassia 783 Roma Rm 00189 It |
|
Date of Birth/Age : |
12.04.1962 |
|
Qualification : |
Graduate in Economic(Honors) |
|
Date of Appointment : |
01.10.2016 |
|
DIN No.: |
07619411 |
|
|
|
|
Name : |
Stephen Siegel |
|
Designation : |
Director |
|
Address : |
33, Rue de l'Aubepine Montigny Le Bretonneux 78180 FR |
|
Date of Birth/Age : |
25.11.1976 |
|
Qualification : |
Law Graduate |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
05237249 |
|
|
|
|
Name : |
Frederic Baudeau |
|
Designation : |
Director |
|
Address : |
45 Via Nizza Rome 00198 IT |
|
Date of Birth/Age : |
09.04.1966 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
01.10.2016 |
|
DIN No.: |
07619456 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Agarwal |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
Flat No. B-302, Oberoi Woods M.G. Road, Goregaon East, Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1972 |
|
Qualification : |
CA |
|
Date of Appointment : |
10.06.2015 |
|
PAN No.: |
ACWPA7724M |
|
|
|
|
Name : |
Mr. Prashant Sharma |
|
Designation : |
Company Secretary |
|
Address : |
E-603, Ansal Neelpadm-I, Plot No 4, Sector-5, Vaishali, |
|
Date of Birth/Age : |
23.07.1975 |
|
Qualification : |
CS |
|
Date of Appointment : |
01.11.2016 |
|
PAN No.: |
ASAPS5358K |
|
|
|
|
Name : |
Mr. L. S Nagi |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Technip France, France |
|
19948931 |
|
K. Balachandran (Nominee of Technip France) |
|
10 |
|
Florence Rocle Jointly with Yashpal Chopra (Nominee of Technip France) |
|
10 |
|
Samuel Boudailliez Jointly with Gulshan K Chhabra (Nominee of Technip
France) |
|
10 |
|
Stephen Slegel Jointly with Prashant Sharma (Nominee of Technip
France) |
|
13 |
|
Samik Mukherjee (Nominee of Technip France) |
|
13 |
|
Jean Marc Aubry Jointly with C. S. Mathur (Nominee of Technip France) |
|
13 |
|
|
|
|
|
Total |
|
19949000 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Service Provider of Design, Consultancy and Technical Services, Execution of Projects and Fabrication of Equipments. (Confirmed by Management) Subject
is principal business of the Company is design, engineering, consultancy,
fabrication, supply and erection and commissioning of plants in the chemical,
refining and petrochemical, polymer, oil and gas, fertilizers and other
allied industries. (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 : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and Others
|
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No. of Employees : |
80 [Approximately] |
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|
Bankers : |
·
BNP Paribas II-Floor; DLF Centre, Parliament Street, New Delhi -
110001, India |
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
Golf View Corporate Tower, B Sector 42, Sector Road, Gurgaon-122002, Haryana |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Technip France SA, France |
|
|
|
|
Fellow Subsidiary Companies : |
· Technip France SA-India Project Office Technip
France SA-Lyon Office Technip
USA INC. (India Project Office) Technip
Ships (Netherlands) BV- India Project Office (formerly Technip Marine BV. -
(India Project Office) TP
SW International Inc,Abu Dhabi Branch (Merged into Technip S&W
International, Inc. w.e.f. 1 Sept.2012) Technip
Doha Technip
UK Ltd. – Ghana Branch Subtec
Middle East Ltd. - (India Project Office) Cofri
SAS Flexibras
Tubos Flexiveis Ltda Genesis
Oil and Gas Consultants PTY Ltd Genesis
Oil and Gas Consultants Limited GNPC
– Technip Engineering Services Ltd. PT.
Technip Engineering Indonesia Safrel
SAS Subtec
Middle East Ltd Technip
Angola Lda Technip
Benelux B.V. Technip
Brasil Engenharia Ltda Technip
Consultant (M) SDN BHD Technip
corporate services SAS Technip
E&C Limited Technip
Far East SDN BHD Technip
France SA-Qatar Branch Technip
Iberia SA Technip
Norge AS Technip
oceania Pty Limited Technip
S&W Process Technologies, Inc. Technip
S&W Process Technology Inc. Technip
Saudi Arabia Limited Technip
Singapore Pte Limited Technip
Uk Ltd Technipnet
SA TP
Engineering Consultant (Shanghai) Co. Limited YAMGAZ Yamgaz
(Shanghai) Co. Ltd Technip
EPG B.V Technip
France Abu Dhabi Branch Technip
Geoproduction (M) SDN BHD Technip
Italy Spa Technip
Middle East FZCO Technip
Ships (Netherlands) BV Technip
Tianchen Chemical Engineering (Tianijin) Co. Limited Technip
USA , Inc. Technip
France SA- Korea Branch Technip
FMC PLC |
|
|
|
|
Subsidiary
Company : |
Technip Global Business Services Private Limited, India [U74140DL2015PTC286170] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
INR 10/- each |
INR 450.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19949000 |
Equity Shares |
INR 10/- each |
INR 199.490 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 |
199.490 |
199.490 |
199.490 |
|
(b) Reserves and Surplus |
4616.130 |
3552.742 |
3023.969 |
|
(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) |
4815.620 |
3752.232 |
3223.459 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
8.823 |
17.869 |
|
(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 |
606.524 |
532.162 |
557.741 |
|
Total Non-current
Liabilities (3) |
606.524 |
540.985 |
575.610 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
4335.423 |
3884.365 |
6062.075 |
|
(c) Other
current liabilities |
3446.346 |
4501.459 |
7194.158 |
|
(d) Short-term
provisions |
842.426 |
1488.172 |
1721.560 |
|
Total Current
Liabilities (4) |
8624.195 |
9873.996 |
14977.793 |
|
|
|
|
|
|
TOTAL |
14046.339 |
14167.213 |
18776.862 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1176.961 |
700.201 |
792.654 |
|
(ii)
Intangible Assets |
9.805 |
6.390 |
6.294 |
|
(iii) Tangible assets
capital work-in-progress |
0.110 |
114.654 |
3.362 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.000 |
1.000 |
0.000 |
|
(c) Deferred tax assets (net) |
429.871 |
436.847 |
421.776 |
|
(d)
Long-term loans and advances |
209.675 |
178.080 |
213.491 |
|
(e) Other
Non-current assets |
11.439 |
137.026 |
216.605 |
|
Total Non-Current
Assets |
1838.861 |
1574.198 |
1654.182 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
3347.287 |
3633.971 |
3390.429 |
|
(d) Cash and
bank balances |
6266.078 |
6624.083 |
10560.956 |
|
(e)
Short-term loans and advances |
535.572 |
1317.632 |
1721.543 |
|
(f) Other
current assets |
2058.541 |
1017.329 |
1449.752 |
|
Total
Current Assets |
12207.478 |
12593.015 |
17122.680 |
|
|
|
|
|
|
TOTAL |
14046.339 |
14167.213 |
18776.862 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
12949.921 |
12932.623 |
23958.124 |
|
|
Other Income |
743.900 |
661.117 |
331.201 |
|
|
TOTAL |
13693.821 |
13593.740 |
24289.325 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3747.954 |
3224.115 |
12019.701 |
|
|
Employee benefit expense |
4596.337 |
4770.429 |
4984.451 |
|
|
CSR expenditure |
34.984 |
0.000 |
0.000 |
|
|
Other expenses |
3480.010 |
3370.917 |
5406.366 |
|
|
TOTAL |
11859.285 |
11365.461 |
22410.518 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1834.536 |
2228.279 |
1878.807 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1834.536 |
2228.279 |
1878.807 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
155.948 |
207.900 |
75.126 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1678.588 |
2020.379 |
1803.681 |
|
|
|
|
|
|
|
Less |
TAX |
615.200 |
692.510 |
653.108 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1063.388 |
1327.869 |
1150.573 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
53.31 |
66.56 |
57.68 |
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 |
1434.305 |
(2501.545) |
5023.860 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
780.632 |
(3203.319) |
4313.849 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
94.34 |
102.56 |
51.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.87 |
3.56 |
7.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
422.21 |
439.75 |
184.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.55 |
2.71 |
2.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.70 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.79 |
2.63 |
4.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.25 |
0.22 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.21 |
10.27 |
4.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.57 |
9.37 |
6.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.08 |
35.39 |
35.69 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.28 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.42 |
1.28 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.26 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.04 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.28 |
1.14 |
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 |
199.490 |
199.490 |
199.490 |
|
Reserves & Surplus |
3023.969 |
3552.742 |
4616.130 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3223.459 |
3752.232 |
4815.620 |
|
|
|
|
|
|
Long-term borrowings |
17.869 |
8.823 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
17.869 |
8.823 |
0.000 |
|
Debt/Equity
ratio |
0.006 |
0.002 |
0.000 |
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 |
23958.124 |
12932.623 |
12949.921 |
|
|
|
(46.020) |
0.134 |
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 |
23958.124 |
12932.623 |
12949.921 |
|
Profit/ (Loss) |
1150.573 |
1327.869 |
1063.388 |
|
|
4.80
% |
10.27
% |
8.21
% |
LEGAL CASES
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 four 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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B77049146 |
90324769 |
BNP PARIBAS |
25/05/2006 |
11/07/2008 |
27/05/2013 |
600000000.0 |
Prince Towers, Third Floor,25/26, College Road,CHENNITN600006IN |
|
2 |
A16252389 |
90041012 |
ABN AMRO BANK N.V |
08/12/1992 |
17/01/2007 |
02/06/2007 |
431000000.0 |
15, Hansalaya BuildingBarakhamba RoadNew DelhiDL110001IN |
|
3 |
A12630026 |
90042663 |
BNP PARIBAS |
07/01/2000 |
11/10/2004 |
29/03/2007 |
260000000.0 |
II-FLOOR; DLF CENTREPARLIAMENT STREETNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Long-term maturities of finance lease obligations |
0.000 |
8.823 |
|
|
|
|
|
Total |
0.000 |
8.823 |
CORPORATE INFORMATION
Technip India Limited (Formerly known as Technip KT India Limited) (“the Company”) is a fully owned subsidiary of Technip France SA, with effect from September 12, 2011. The principal business of the Company is design, engineering, consultancy, fabrication, supply and erection and commissioning of plants in the chemical, refining and petrochemical, polymer, oil and gas, fertilizers and other allied industries. Pursuant to and in terms of the Scheme of Amalgamation (“the Scheme”) under sections 391 and 394 of the Companies Act, 1956, approved by the orders dated July 20, 2013, March 21, 2014 and October 3, 2013 of the Hon’ble High Courts of Delhi, Bombay and Madras respectively and effective from April 21, 2014 (on filing of the certified copy of the Order of the High Court of Delhi in the office of the Registrar of Companies, Technip E & C India Limited and Technip India Limited have been amalgamated with the Company. As per the approved Scheme, the appointed date is April 1, 2013. Technip E & C India Limited was incorporated on May 14, 2004 to carry out engineering, procurement and construction management services in the petrochemical, refining, polymer and oil and gas industries. Technip India Limited was incorporated on June 19, 1998 to carry out lump sum turnkey and lump sum series contracts in the areas of refineries, petrochemicals, oil and gas, fertilizers, chemicals and other allied fields.
COMPANYS AFFAIRS
The Company has strong expertise in the field of Onshore – Refining, Petrochemicals, LNG, Fertilizers, Offshore– Process Platform and Subsea Engineeringand is capable to Provide a complete range of services from licensing, basic engineering to full EPC projects – ‘Concept to Commissioning’.
PERFORMANCE
The Revenue of the Company in current Financial Year is INR 13,693.000 million (Previous Financial Year - INR 13,593.000 million). The Profit after Tax amounted to INR 1,063.000 million while the same was INR 1,327.000 million for the Previous Year.
Some of the projects under execution or completed during the year are as under:
· EPCM Services to Prodair Air Products India Pvt. Ltd. for BPCL Kochi Hydrogen & ASU facility
Onshore
Terminal at Odalaveru for Vashishtha & S-1 Field Development Project for
ONGC
Detailed
Engineering for Yamal LNG Project
YAMAL
LNG (DET. ENGG.) – Duplication Trains2 3
YAMAL
LNG Remote Field Engineering
Detailed
Engineering for Martin Linge EPSCC
Engineering,
Management and Administrative support services for the USGC Petrochemical
Project
Engineering
Service for "Sasol Lake Charles Chemical Project"
Heater
Package for CDU/VDU Heaters, BPCL, Kochi
Engineering,
Procurement and Construction Support Services for Mangalore PTA Plant of JBF
Petrochemicals Ltd.
Engineering
and Procurement Services for Refinery Off-gas Cracker Unit at Jamnagar, Gujarat
for RIL
EPCM
Services for BSIV Project at Barauni Refinery, IOCL
Engineering
Services for Dow Chemicals for the Year 2015 , Dow IEC, Chennai
DMD,
NMD, HMD -Cracker Feed Flexibility, Reliance Industries Ltd.
BDEP
and PMC/ EPCM Services for CDU/VDU, ARU, SWS - I II, FGTU,HMEL Bathinda
BDEP
& DE Services for Vacuum Hot, HMEL BhatindaRefinery
BDEP
& Other related services for RFPU , BPCL
Reliance
Cracker Modernization ,Reliance Industries Ltd.
Technical
and Engineering Services to some of the Group Companies
RECENTLY
AWARDED PROJECTS
Some of the Projects awarded recently to the Company include:
YAMAL
LNG - As Built + B32, Technip France
VCM-3
RevampDET EnggProject, TCI Sanmar
Supply
of 7 Nos of Heaters-ENOC, Technip Italy
Jebel
Ali Refinery Expansion Project ENOC - Detail Engineering Services, Technip
Italy
Onshore
Receiving Facility for ENI Ghana, Technip France
Reliance
LLDPE Train 2 DBN at NMD- Nagothane, Reliance Industries Ltd.
Indmax
Gasolene Desulphurisation Unit (Prime G+), IOCL
HGU
Reformer Revamp, BORL
EPCM
Contract for Butene – 1 & Pygas Desulphurisation Project, Haldia
Petrochemicals
Technical
and Engineering Services to various group Companies
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against the Company not acknowledged as debts |
108.153 |
69.040 |
FIXED ASSETS:
· Land
Building
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipment
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,
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 66.83 |
|
UK Pound |
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.