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|
MIRA
INFORM REPORT
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Report No. : |
490152 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
METSO INDIA PRIVATE LIMITED (w.e.f. 29.12.2014) |
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Formerly Known
As : |
METSO MINERALS (INDIA) PRIVATE LIMITED (w.e.f. 15.07.2005) METSO MINERALS (NEW DELHI) PRIVATE LIMITED (w.e.f. 22.11.2005) SVEDALA INDUSTRI INDIA PRIVATE LIMITED (w.e.f. 20.02.2001) SVEDALA INDUSTRI INDIA LIMITED (w.e.f. 31.01.2000) SVEDALA INDUSTRI INDIA PRIVATE LIMITED |
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Registered
Office : |
C-227, Ground Floor, Westend Marg, Near Garden of Five Senses,
Paryavaran Complex, New Delhi - 110030 |
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Tel. No.: |
91-11-29536312 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
02.11.1992 |
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Com. Reg. No.: |
55-050834 |
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Capital Investment
/ Paid-up Capital : |
INR 930.000 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1992FTC050834 |
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IEC No.: |
0592064247 |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACS3407L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
·
It is engaged in supplying mining and
construction related equipment and serviced to companies engaged in
quarrying, aggregates production, construction, civil engineering, mining and
minerals processing. ·
Manufacturing, Trading and Service Provider of
Crushing and Screening Equipment’s such as Crushers, Mining, Aggregates, Equipment,
Valves, Pumps (Registered
activity and also confirmed by management) |
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|
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No. of Employees
: |
850 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject is a subsidiary of “Metso Minerals Inc. (Oy), Finland” and was incorporated in the year 1992. It is having fine track records. For the financial year 2017, the company has increased its revenue
from operation as compared to previous year but maintained decent
profitability margin of 8.66%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and average debt balance sheet. Further, the company also derives strength from its strong holding
company support, well established track records of business operation along
with improvement in the profitability and market position. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
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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 (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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
31-03-2016.
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 03.02.2018
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 PARTED BY
|
Name : |
Ms. Jeewanti |
|
Designation : |
Finance Officer |
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Contact No.: |
91-124-3336033 |
LOCATIONS
|
Registered Office : |
C–227, Ground Floor, Westend Marg Near Garden of Five Senses,
Paryavaran Complex, New Delhi – 110030, India |
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Tel. No.: |
91-11-29536312 |
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Mobile No.: |
91-9999037451 (Mr. Sandeep Kumar Tyagi) |
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Fax No.: |
91-11-29536342 |
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E-Mail : |
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Website : |
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Corporate Office : |
1st Floor, Building No-10, Tower-A, DLF Cyber City, Phase
II, Gurugram - 122002, Haryana, India |
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Tel. No.: |
91-124-3336666 / 2716666 |
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Fax No.: |
91-124-2351601 |
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Location : |
Leased |
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Locality : |
Commercial |
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Factory 1 : |
SPI 1 to 13, South East Zone, Matshya Industrial area, Alwar – 301030 Rajasthan,
India |
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Tel. No.: |
91-144-3067000 |
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Fax No.: |
91-144-3067073 |
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Factory 2 : |
Plot No. 535, 536, 537, Kubadthal Patiya, Kujad, Ahmedabad – 382430,
Gujarat, India |
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Factory 3: |
432/433, GIDC Industrial Estate, POR Village, Ramangamdi, Vadodara -
391243, Gujarat, India |
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Warehouse 1 : |
Faridabad Warehouse, Plot No 191, Sector - 59, HUDA/HSIDC Industrial
Area, Ballabgarh, Faridabad – 121004,
Haryana India |
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Warehouse 2 : |
C/o. DSV Air & Sea Private Limited, SY No.85, Koralur Village,
Samanthanhalli, Kadugodi Post, Hoskote TQ, Bangalore – 560067, Karnataka,
India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rakesh Kumar Thakur |
|
Designation : |
Director |
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Address : |
B-5/6-4439, Vasant Kunj, South West, New Delhi – 110070, India |
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Date of Birth/Age : |
08.05.1975 |
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Date of Appointment : |
03.03.2014 |
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DIN No.: |
06848344 |
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Name : |
Ms. Poonam Gupta |
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Designation : |
Director |
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Address : |
Flat 271, DDA-SFS Pocket -1 , Sector-22, Dwarka, New Delhi – 110075, India |
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Date of Birth/Age : |
30.11.1971 |
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Date of Appointment : |
28.03.2014 |
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DIN No.: |
06857529 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Aggarwal |
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Designation : |
Company Secretary |
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Address : |
J/C-46E, Janta Flats, Mayapuri, New Delhi – 110064, India |
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Date of Appointment : |
01.05.2012 |
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PAN No.: |
AFKPA0641L |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Metso Minerals Oy. Finland |
92600000 |
99.57 |
|
Metso Minerals Sweden AB, Sweden |
400000 |
0.43 |
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Total |
93000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
It is engaged in supplying mining and
construction related equipment and serviced to companies engaged in
quarrying, aggregates production, construction, civil engineering, mining and
minerals processing. ·
Manufacturing, Trading and Service Provider of
Crushing and Screening Equipment’s such as Crushers, Mining, Aggregates, Equipment,
Valves, Pumps (Registered
activity and also confirmed by management) |
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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 Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque, RTGS, NEFT |
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Purchasing : |
Cheque, RTGS, NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturers
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No. of Employees : |
850 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
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Address : |
Golf View Corporate Tower-B, Sector 42, Sector Road, Near DLF Golf Course, Gurugram, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Metso Minerals Inc.(Oy) |
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Ultimate Holding
Company : |
Metso Corporation (Metso Oyj), Finland |
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Fellow Subsidiary
Companies : |
· Metso Sweden AB · Metso Mexico, S.A. de C.V. · Metso France SA. (formerly known as Metso Minerals (France) SA.) · Metso Ghana Limited (formerly known as Metso Minerals (Ghana) Limited) · Metso Minerals (Tianjin) Company Limited · Metso (Kazakhstan ) LLP · Metso Asia Pacific Pte. Limited (formerly known as Metso Minerals (Singapore) Pte. Limited.) · Metso Peru S.A. · Metso Minerals Industries Inc. · Metso Flow Control USA Inc. (formerly known as Metso Automation USA Inc.) · Valmet Technologies Company Private Limited. (Formerly known as Metso Automation India Private Limited.) · Metso Shared Services OY Metso Mapag Gmbh (formerly known as · Metso Automation Mapag GmbH) · Metso UK Limited. (formerly known as Metso Minerals (UK) Limited.) Metso New Zealand Limited · Metso Minerals Canada Inc. · Metso, LLC · Metso Australia Limited. (formerly known as Metso Minerals (Australia) Limited.) · Metso Flow Control (Sanghai) Company Limited (formerly known as Metso Automation (sanghai) Co. Limited) · Metso Minerals (Deutschland) GMBH. · Metso Korea Co., Limited · Metso Brasil Industria e Comercio Limiteda · Metso Czech Republic, s.r.o. · Metso South Africa Pty Limited.(formerly known as Metso Minerals (South Africa) Pty Limited.) · Metso Germany GmbH · Metso Chile SA (formerly known as Metso Minerals (Chile) SA) · Metso Flow Control USA dba StoneL · Metso Austria Gmbh (formerly known as Metso Minerals (Austria) GmbH) · Metso Flow Control USA Inc. · Metso Minerals (Portugal) LDA. PT · Metso Minerals Indonesia · Metso Espana S.A. (formerly known as Metso Minerals Espana S.A.) · Metso FZE, Dubai · ZAO Metso Minerals (CIS) · Metso Minerals Anonim Sirketi · Metso Denmark A/S |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
INR 10/- each |
INR 1100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
93000000 |
Equity Shares |
INR 10/- each |
INR 930.000 Million |
|
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
930.000 |
930.000 |
930.000 |
|
(b) Reserves & Surplus |
821.121 |
(25.909) |
225.371 |
|
(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) |
1751.121 |
904.091 |
1155.371 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2400.000 |
2469.143 |
147.842 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.209 |
5.752 |
16.232 |
|
(d) long-term provisions |
30.223 |
15.399 |
17.417 |
|
Total
Non-current Liabilities (3) |
2435.432 |
2490.294 |
181.491 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1561.028 |
2146.014 |
5021.396 |
|
(b) Trade payables |
1934.864 |
1350.267 |
1324.517 |
|
(c) Other current liabilities |
653.210 |
725.754 |
800.322 |
|
(d) Short-term provisions |
209.914 |
150.497 |
182.703 |
|
Total
Current Liabilities (4) |
4359.016 |
4372.532 |
7328.938 |
|
|
|
|
|
|
TOTAL |
8545.569 |
7766.917 |
8665.800 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2749.764 |
2697.384 |
2901.551 |
|
(ii) Intangible Assets |
26.942 |
36.800 |
46.124 |
|
(iii) Capital work-in-progress |
31.338 |
185.103 |
5.884 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.010 |
0.010 |
0.010 |
|
(c) Deferred tax assets (net) |
310.674 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
365.795 |
251.848 |
250.874 |
|
(e) Other Non-current assets |
256.223 |
344.412 |
130.782 |
|
Total
Non-Current Assets |
3740.746 |
3515.557 |
3335.225 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2278.632 |
1930.017 |
2044.755 |
|
(c) Trade receivables |
1971.063 |
1669.755 |
2312.078 |
|
(d) Cash and cash equivalents |
40.257 |
48.989 |
34.826 |
|
(e) Short-term loans and advances |
247.409 |
299.285 |
398.140 |
|
(f) Other current assets |
267.462 |
303.314 |
540.776 |
|
Total
Current Assets |
4804.823 |
4251.360 |
5330.575 |
|
|
|
|
|
|
TOTAL |
8545.569 |
7766.917 |
8665.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
9784.593 |
7545.666 |
7842.531 |
|
|
Other Income |
261.648 |
135.376 |
261.643 |
|
|
TOTAL
|
10046.241 |
7681.042 |
8104.174 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5160.677 |
4226.808 |
3231.782 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
1319.529 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(51.190) |
15.044 |
176.870 |
|
|
Employees benefits expense |
1220.155 |
1080.044 |
1064.069 |
|
|
Other expenses |
2513.286 |
1857.354 |
1759.718 |
|
|
TOTAL |
8842.928 |
7179.250 |
7551.968 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1203.313 |
501.792 |
552.206 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
382.110 |
478.553 |
611.793 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
821.203 |
23.239 |
(59.587) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
284.847 |
274.519 |
264.751 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
536.356 |
(251.280) |
(324.338) |
|
|
|
|
|
|
|
Less |
TAX |
(310.674) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
847.030 |
(251.280) |
(324.338) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2533.085 |
2017.920 |
2582.467 |
|
|
TOTAL
EARNINGS |
2533.085 |
2017.920 |
2582.467 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
9.21 |
(2.70) |
(3.49) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
68.012 |
83.286 |
315.686 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
934.467 |
1045.614 |
(50.861) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
73.53 |
80.77 |
107.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.96 |
4.52 |
3.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
136.85 |
116.60 |
106.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.53 |
0.26 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.43 |
0.17 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.80 |
0.89 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.30 |
5.20 |
4.75 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.49 |
4.84 |
6.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.60 |
3.23 |
2.56 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.15 |
1.05 |
0.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.66 |
(3.33) |
(4.14) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.91 |
(3.24) |
(3.74) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
48.37 |
(27.79) |
(28.07) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.10 |
0.97 |
0.73 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.58 |
0.53 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.12 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.33 |
5.05 |
5.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.10 |
0.97 |
0.73 |
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 |
930.000 |
930.000 |
930.000 |
|
Reserves & Surplus |
225.371 |
(25.909) |
821.121 |
|
Net
worth |
1155.371 |
904.091 |
1751.121 |
|
|
|
|
|
|
long-term borrowings |
147.842 |
2469.143 |
2400.000 |
|
Short term borrowings |
5021.396 |
2146.014 |
1561.028 |
|
Current maturities of
long-term debts |
315.686 |
83.286 |
68.012 |
|
Total
borrowings |
5484.924 |
4698.443 |
4029.040 |
|
Debt/Equity
ratio |
4.747 |
5.197 |
2.301 |
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 |
7842.531 |
7545.666 |
9784.593 |
|
|
|
(3.785) |
29.672 |
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 |
7842.531 |
7545.666 |
9784.593 |
|
Profit/ (Loss) |
(324.338) |
(251.280) |
847.030 |
|
|
(4.14%) |
(3.33%) |
8.66% |
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 |
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 |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
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 |
CORPORATE INFORMATION
The Company incorporated under the Companies Act 1956, is the leading global supplier of construction equipment and related services for the mining and construction industries. It is engaged in supplying mining and construction related equipment and serviced to companies engaged in quarrying, aggregates production, construction, civil engineering, mining and minerals processing.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from others |
0.000 |
14.143 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
1561.028 |
2033.164 |
|
Total |
1561.028 |
2047.307 |
INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Income tax matter under appeal |
29.687 |
29.687 |
|
Sales tax / VAT matter |
37.984 |
27.812 |
|
Service tax matter |
82.419 |
52.469 |
|
Total |
150.090 |
109.968 |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Computer
- Plant and equipment
- Vehicles
- Computer equipments
- Leasehold improvements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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 63.61 |
|
UK Pound |
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·