|
|
|
MIRA
INFORM REPORT
|
Report No. : |
490498 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZAMIL AIR CONDITIONERS INDIA PRIVATE LIMITED (w. e. f. 27.02.2013) |
|
|
|
|
Formerly Known
As : |
ADVANTEC
COILS PRIVATE LIMITED |
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Registered
Office : |
H-9, First Floor, Block B1, Mohan Co-operative Industrial
Estate, Mathura Road, New Delhi – 110044 |
|
Tel. No.: |
91-11-31901300 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
24.09.1992 |
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|
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Com. Reg. No.: |
55-050416 |
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|
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Capital
Investment / Paid-up Capital : |
INR 933.114 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64100DL1992PTC050416 [NEW] U74899DL1992PTC050416 [OLD] |
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IEC No.: |
0594020387 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
ADELA05979B |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACA0907F |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer of Air Conditioners and various components and
parts (Both Window and Split) of Air Conditioners. (Registered activity) Note: Line of business
is updated as per latest annual report 2016 |
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|
|
|
No. of Employees
: |
Information declined 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 |
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Maximum Credit Limit : |
USD 200000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Zamil Industrial Investment Company (ZIIC), Saudi Arabia, incorporated in the year 1992 having satisfactory track record. It is a manufacturer of air conditioner. Management has not filed its financials for the year 2017 with
Registrar of Companies. For the financial year 2016, the company has achieved decent sales
growth compared to its previous year but has incurred huge operational loss
during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by healthy capital structure along with strong debt protection
metrics. Further rating takes into account, the long and established track
record of its business operations backed by extensive experience of promoters
and strong financial and managerial support from its holding entity through
regular infusion of funds in the form of equity. However, rating strengths are partially offset by the aggressive capex
plan, the highly competitive and fragmented nature of the industry and
vulnerability of profitability margins. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 09.02.2018.
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 DENIED BY
|
Name : |
Mr. Narendra |
|
Contact No.: |
91-8010950678 |
|
Date : |
05.02.2018 |
|
Name : |
Mr. Hemant |
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Contact No.: |
91-9833277146 |
|
Date : |
05.02.2018 |
LOCATIONS
|
Registered Office : |
H-9, First Floor, Block B1, Mohan Co-operative Industrial
Estate, Mathura Road, New Delhi – 110044, India |
|
Tel. No.: |
91-11-31901300 |
|
Mobile No.: |
91-9882000499 (Mr. Allwil) 91-9833277146 (Mr. Hemant Ramchandra Bhange) 91-8010950678 / 79 / 80 / 81 |
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Fax No.: |
91-11-40544381 |
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E-Mail : |
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Website: |
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Factory: |
Village Dhadhi Kanian, Adjoining HP Centre, Tehsil-Nalagarh, District Solan, Himachal Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hemant Ramchandra Bhange |
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|
Designation : |
Managing Director |
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Address : |
Unit No. 81 Rohan Seher, Pancard Club Road, Opposite Shree Restaurant, Baner, Pune City, N.I.A. Pune – 411045, Maharashtra, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
23.08.1964 |
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Date of Appointment : |
16.01.2017 |
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PAN No.: |
AALPB2410L |
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Adhaar card No.: |
2585 3189 9549 |
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DIN No.: |
01243448 |
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|
||||||||||||||||||||||||
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Name : |
Mr. Osama Fahad Albunyan |
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Designation : |
Director |
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Address : |
P.O.Box 2700, Al Khobar, 31952, Saudi Arabia |
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Date of Birth/Age : |
05.12.1967 |
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Qualification : |
BS Degree In Industrial Management with A Major On Accounting |
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Date of Appointment : |
12.11.2008 |
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DIN No.: |
02150620 |
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Other Directorship:
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Name : |
Mr. Abdullah Mohammed Alzamil |
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Designation : |
Director |
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Address : |
P.O.Box 14440, Dammam, 31424, Saudi Arabia |
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Date of Birth/Age : |
07.01.1965 |
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Qualification : |
Bachelors Degree In Industrial Engg- USA, MBA finance and Admin-KSA |
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Date of Appointment : |
12.11.2008 |
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DIN No.: |
02150647 |
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|
||||||||||||||||||||||||
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Name : |
Mr. Awad Sharif Nugod Elamin |
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Designation : |
Director |
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Address : |
P.O.Box 14440, Dammam, 31424, Saudi Arabia |
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Date of Birth/Age : |
01.01.1951 |
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Qualification : |
Chartered Accountant, Association Of Chartered Certified Bachlors Of Science. Commerce sudan |
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Date of Appointment : |
28.06.2012 |
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DIN No.: |
02287435 |
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Other Directorship:
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Name : |
Mr. Natarajan Rangasamy |
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Designation : |
Director |
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Address : |
4/105 B, Naduthottam, Achampalayam, Kempanaickenpalayam,
Annur, Coimbatore, 641697, Tamilnadu, India |
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Date of Birth/Age : |
02.06.1973 |
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Qualification : |
BE- Mecanical, M C A International |
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Date of Appointment : |
28.06.2012 |
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PAN No.: |
AEYPN5739D |
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DIN No.: |
02948146 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Tanjore Narasinra Rao Vidya Sagar |
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Designation : |
Whole-time director |
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Address : |
Flat No 231, 3rd Floor, Jai Maa Appartment, Plot No 16,
Sector 5, Dwarka, Delhi - 110075,
India |
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Date of Birth/Age : |
07.11.1952 |
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Date of Appointment : |
16.11.2011 |
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Qualification : |
M.COM, CS INTER |
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PAN No.: |
AACPV1972G |
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DIN No.: |
05191582 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Divya Rai |
|
Designation : |
Company Secretary |
|
Address : |
382, Nilgiri Appartment, Alaknanda, New Delhi, 110019,
Delhi, INDIA |
|
Date of Appointment : |
19.05.2015 |
|
PAN No.: |
AOSPR5531D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Zamil Industrial Investment Company, Dammam |
|
54532463 |
|
Zamil Industrial Investment Company Asia Pte Limited, Singapore |
|
37778975 |
|
Gaurvinder Pal Singh |
|
1 |
|
|
|
|
|
Total |
|
92311439 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Gaurvinder Pal Singh |
|
1000000 |
|
Total |
|
1000000 |
As on 27.03.2017
|
Names of Allotees |
|
No. of Shares |
|
Zamil Industrial Investment Company Asia Pte Limited, Saudi
Arabia |
|
6210675 |
|
Total |
|
6210675 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2016
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
59.07 |
|
Public - Bodies corporate |
40.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Air Conditioners and various components and
parts (Both Window and Split) of Air Conditioners. (Registered activity) Note: Line of business
is updated as per latest annual report 2016 |
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Products : |
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||||||
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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||||||
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Exports : |
Not Divulged |
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|
||||||
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Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
||||||||||||||||||||||
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|
|
|
Financial Institution : |
|
|
Name : |
Tata Capital Financial Services Limited |
|
Address : |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
SK Surana and Company Chartered Accountant |
|
Address : |
4831/24, IInd Floor, Ansari Road, Darya Ganj New Delhi- 110002, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAUFS1209F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Zamil Industrial Investment Company Asia Pte Limited |
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|
|
|
Holding Company : |
|
|
|
|
|
Fellow Subsidiary : |
U74210PN2003PTC131123
U74210TN2000PTC045992 |
CAPITAL STRUCTURE
After 24.09.2016
Authorised Capital : INR 161.000 Million
Issued, Subscribed & Paid-up Capital : INR 1382.697
Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
92311439 |
Equity Shares |
INR 10/- each |
INR 923.114 Million |
|
1000000 |
Preference Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 933.114 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
92311439 |
Equity Shares |
INR 10/- each |
INR 923.114
Million |
|
1000000 |
Preference Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 933.114 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
|
|||
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
933.114 |
396.399 |
396.399 |
|
(b) Reserves &
Surplus |
(840.866) |
(181.961) |
(184.094) |
|
(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) |
92.248 |
214.438 |
212.305 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
30.401 |
21.787 |
14.978 |
|
Total Non-current
Liabilities (3) |
30.401 |
21.787 |
14.978 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1201.519 |
1664.120 |
1334.250 |
|
(b) Trade payables |
319.208 |
271.770 |
125.336 |
|
(c) Other current
liabilities |
131.845 |
226.773 |
354.792 |
|
(d) Short-term provisions |
6.160 |
5.024 |
5.313 |
|
Total Current Liabilities
(4) |
1658.732 |
2167.687 |
1819.691 |
|
|
|
|
|
|
TOTAL |
1781.381 |
2403.912 |
2046.974 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
711.604 |
775.445 |
826.713 |
|
(ii) Intangible Assets |
3.450 |
4.513 |
6.164 |
|
(iii) Capital
work-in-progress |
0.575 |
1.466 |
1.002 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.400 |
0.400 |
0.400 |
|
(c) Deferred tax assets
(net) |
0.000 |
292.578 |
299.703 |
|
(d) Long-term Loan and Advances |
46.892 |
223.912 |
12.586 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
762.921 |
1298.314 |
1146.568 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
382.217 |
506.418 |
534.714 |
|
(c) Trade receivables |
348.278 |
355.141 |
173.834 |
|
(d) Cash and cash
equivalents |
12.073 |
15.044 |
9.373 |
|
(e) Short-term loans and
advances |
88.180 |
78.866 |
56.181 |
|
(f) Other current assets |
187.712 |
150.129 |
126.304 |
|
Total Current Assets |
1018.460 |
1105.598 |
900.406 |
|
|
|
|
|
|
TOTAL |
1781.381 |
2403.912 |
2046.974 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
|
SALES |
|||
|
|
Income |
3119.887 |
2425.258 |
2797.172 |
|
|
Other Income |
6.685 |
86.466 |
NA |
|
|
TOTAL |
3126.572 |
2511.724 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2637.993 |
2000.535 |
NA |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.788 |
4.629 |
NA |
|
|
Employees benefits
expense |
273.235 |
189.039 |
NA |
|
|
Exceptional items |
0.000 |
(101.838) |
NA |
|
|
Other expenses |
234.993 |
182.471 |
NA |
|
|
TOTAL |
3151.009 |
2274.836 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(24.437) |
236.888 |
(143.680) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
257.061 |
162.046 |
64.306 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(281.498) |
74.842 |
(207.986) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
72.674 |
65.584 |
117.337 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE PRIOR PERIOD AND EXCEPTIONAL ITEM |
(354.172) |
9.258 |
(325.323) |
|
|
|
|
|
|
|
Add |
PRIOR PERIOD ITEMS |
0.000 |
0.000 |
4.103 |
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEM |
0.000 |
0.000 |
339.624 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(354.172) |
9.258 |
18.404 |
|
|
|
|
|
|
|
Less |
TAX |
304.733 |
7.125 |
14.019 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(658.905) |
2.133 |
4.385 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
16.956 |
40.274 |
NA |
|
|
TOTAL EARNINGS |
16.956 |
40.274 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
436.468 |
512.400 |
NA |
|
|
Components and Stores
parts |
0.000 |
2.704 |
NA |
|
|
TOTAL IMPORTS |
436.468 |
515.104 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(16.85) |
0.06 |
0.11 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(14.736) |
60.591 |
215.648 |
|
Net cash flows from (used in) operating activities |
(33.908) |
57.815 |
(123.975) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.96 |
6.83 |
16.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.17 |
49.58 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.06) |
0.47 |
(0.27) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.03) |
0.30 |
(0.17) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
13.02 |
7.76 |
6.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
17.98 |
10.11 |
8.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
7.76 |
3.64 |
3.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(0.10) |
1.46 |
(2.23) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
|
|
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(36.99) |
0.09 |
0.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(714.28) |
0.99 |
2.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 [15
Months] |
31.12.2014 |
31.12.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
|
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.38 |
0.28 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.05 |
0.09 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.29 |
4.20 |
3.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.61 |
0.51 |
0.49 |
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 |
31.12.2013 |
31.12.2014 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
396.399 |
396.399 |
933.114 |
|
Reserves & Surplus |
(184.094) |
(181.961) |
(840.866) |
|
Net worth |
212.305 |
214.438 |
92.248 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1334.250 |
1664.120 |
1201.519 |
|
Total borrowings |
1334.250 |
1664.120 |
1201.519 |
|
Debt/Equity ratio |
6.285 |
7.760 |
13.025 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2013 |
31.12.2014 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
2797.172 |
2425.258 |
3119.887 |
|
|
|
(13.296) |
28.641 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2013 |
31.12.2014 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
2797.172 |
2425.258 |
3119.887 |
|
Profit/(Loss) |
4.385 |
2.133 |
(658.905) |
|
|
0.16% |
0.09% |
(21.12%) |
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 |
Yes |
|
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 |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from A-29, Block B-1 Extension, First Floor, Mohan-Cooperative
Industrial Estate, Mathura Road, New Delhi – 110044, India to the present address w.e.f. 06.05.2013.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.12.2014 (INR
in Million) |
|
SHORT TERM
BORROWING |
|
|
|
Other
loans and advances |
54.182 |
0.000 |
|
Working
capital loans from banks |
1147.337 |
1664.120 |
|
|
|
|
|
Total |
1201.519 |
1664.120 |
INDEX OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G08893281 |
10546889 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
27/01/2015 |
31/03/2016 |
- |
250000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, Fort Mumbai MH 400001IN |
|
2 |
A01793868 |
10007433 |
DIRECTOR OF INDUSTRIES HIMACHAL PRADESH |
06/06/2006 |
- |
- |
3000000.0 |
GENERAL MANAGER DISTRICT INDUSTRIES CENTER SOLANHP173213IN |
|
3 |
B70178298 |
10310065 |
STATE BANK OF INDIA - LEAD BANK |
23/08/2011 |
- |
11/03/2013 |
1120000000.0 |
OVERSEAS BRANCHJAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARGNEW DELHIDL110001IN |
|
4 |
B70046321 |
90036422 |
Bank of India |
13/03/2001 |
09/07/2008 |
13/02/2013 |
327500000.0 |
SME BranchMayapuri Indl. EstateNew DelhiDL110064IN |
|
5 |
B60220472 |
10251088 |
ICICI BANK LIMITED |
22/11/2010 |
- |
03/10/2012 |
135000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
6 |
B45085438 |
10146576 |
STATE BANK OF INDIA |
20/02/2009 |
26/03/2011 |
03/08/2012 |
574400000.0 |
OVERSEAS BRANCHJAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARGNEW DELHIDL110001IN |
|
7 |
B44669166 |
10251090 |
ICICI BANK LIMITED |
22/11/2010 |
- |
27/07/2012 |
322500000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
8 |
B32420093 |
80064278 |
BANK OF INDIA |
03/02/2003 |
- |
21/01/2012 |
27000000.0 |
MAYA PUR IND. AREANEW DELHIDL110058IN |
|
9 |
B32406605 |
80064279 |
BANK OF INDIA |
07/01/2006 |
- |
21/01/2012 |
30000000.0 |
MAYAPURI INDL. AREANEW DELHIDL110058IN |
|
10 |
B31863673 |
80063930 |
CENTURION BANK LTD |
26/03/2001 |
- |
17/01/2012 |
480000.0 |
603,604, ASHOKA ESTATEBARAKHAMBA ROADNEW DELHIDL110001IN |
FIXED ASSETS
- Land
- Buildings
- Factory
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment
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 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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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.