|
|
|
MIRA INFORM REPORT
|
Report No. : |
491378 |
|
Report Date : |
11.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MICROMATIC MACHINE TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 240/241, 11th Main, 3rd Phase, Peenya Industrial
Area, Bangalore - 560058, Karnataka |
|
Tel. No.: |
91-80-40200555 |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.11.1987 |
|
|
|
|
Com. Reg. No.: |
08-105765 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
INR 6.764 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899KA1987PTC105765 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACM2061N |
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|
|
|
GSTIN : |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Sales and Service of Machine Tools and its Parts. (Registered
activity) |
|
|
|
|
No. of Employees
: |
629 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 350000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1987. It is engaged Sales
and Service of Machine Tools and its Parts. As per the financial record 2017, the company has achieved a
satisfactory growth of 18.50% in its revenue as compared to the previous
year’s and has reported fair net profit margin of 6.26%. The company possesses healthy financial position marked by above
average net worth base along with zero debt balance sheet profile and
comfortable liquidity parameters. Rating takes into consideration the company’s favourable Earning Per
Share (EPS) of INR 92.97 as against a Face Value (FV) of INR 10. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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 11.02.2018
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.
LOCATIONS
|
Registered / Corporate/ Warehouse
Office : |
Plot No. 240/241, 11th Main, 3rd Phase, Peenya Industrial Area,
Bangalore 560058, Karnataka, India |
|
Tel. No.: |
91-80-40200555 / 40200513 / 40200505 |
|
Mobile No.: |
91-9845995444 (Mr. Suresh Kumar) |
|
Fax No.: |
91-11-22026761 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Sales and Service Centers : |
Located at: · Delhi · Faridabad · Gurugram · Ludhiana · Rudrapur · Bangalore · Belgaum · Bommasandra · Chennai · Coimbatore · Hyderabad · Ranipet · Trichy · Aurangabad · Chakan · Indore · Kolhapur · Mumbai · Pune · Rajkot · Jamshedpur · Kolkata · China – Shanghai · Germany |
|
|
|
|
Tech Centers : |
· Aurangabad · Coimbatore · Bangalore · Gurugram · Chennai · Pune · Manuals |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Parthasarathi Thiruvengadam |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 201, Yadugiri Nest, Malleswaram Bangalore, 60, 11th M N Road, Cluny Convent, Bangalore, Bangalore - 560003, Karnataka, India |
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Date of Birth/Age : |
28.12.1951 |
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Qualification : |
Graduate |
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Date of Appointment : |
31.03.2015 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00016375 |
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|
Other
Directorship :
|
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|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shrinivas Govindrao Shirgurkar |
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|
Designation : |
Director |
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|
Address : |
Rajkrupa, No. 586, 1st Main, 2nd Stage, 3rd Block Rmv Extension, Bangalore - 560094, Karnataka, India |
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Date of Birth/Age : |
08.04.1948 |
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Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.08.1996 |
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DIN No.: |
00173944 |
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Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Benedict Machado |
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|
Designation : |
Director |
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|
Address : |
583, 1st Main, 2nd Stage, 3rd Block, Rmv Extension, Bangalore – 560094, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
14.12.1948 |
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Qualification : |
Graduate |
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Date of Appointment : |
30.08.1996 |
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DIN No.: |
00174074 |
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|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Vishwanath Sathe |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 252, 15th 'D' Cross, 2nd Phase, 2nd Stage, Mahalakshmipuram, Bangalore - 560086, Karnataka, India |
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Date of Birth/Age : |
17.03.1940 |
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|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.02.1988 |
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DIN No.: |
00174204 |
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Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Narendra Kumar Dhand |
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|
Designation : |
Director |
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|
Address : |
R5/58, Raj Nagar, Ghaziabad - 201002, Uttar Pradesh, India |
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|
Date of Birth/Age : |
09.09.1943 |
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|
Qualification : |
Graduate |
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Date of Appointment : |
25.04.1988 |
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PAN No.: |
ABFPD6577M |
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DIN No.: |
00379502 |
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Other Directorship :
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Puttige Ramdas |
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|
Designation : |
Director |
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|
Address : |
452, I Main, Beml Layout Basaveshwar Nagar Bangalore 560079, Karnataka, India |
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Date of
Birth/Age : |
18.03.1946 |
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Qualification : |
Graduate |
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Date of Appointment : |
06.01.2016 |
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DIN No.: |
01510873 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Thirumalai Muppur Kuppuswamy Ramesh |
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|
Designation : |
Whole time Director |
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Address : |
1702, 7th Floor, Gowri Apartment, New Bel Main Road, RMV 2nd Stage, Bangalore – 560054, Karnataka, India |
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Date of
Birth/Age : |
26.01.1958 |
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|
Qualification : |
Graduate |
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|
Date of Appointment : |
29.11.2016 |
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PAN No.: |
AALPR6035R |
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DIN No.: |
01790388 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Neelam Dhand |
|
169600 |
|
N.K. Dhand |
|
10700 |
|
S.G. Shirgurkar |
|
40006 |
|
Bharti S. Shirgurkar |
|
40006 |
|
B. Machado |
|
40006 |
|
Philomena Machado |
|
40006 |
|
Padma Sathe |
|
78700 |
|
P. Ramadas and J. Ramadas |
|
34000 |
|
Ace Designers Limited, India |
|
155776 |
|
Ace Manufacturing Systems Limited, India |
|
67600 |
|
Total |
|
676400 |
Equity Share Break up (Percentage of Total Equity)
As on 27.07.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
66.98 |
|
Promoter - Bodies
corporate |
33.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Sales and Service of Machine Tools and its Parts. (Registered
activity) |
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Products : |
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||||
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|
||||
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Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Available |
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|
|
|
||||
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Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
|
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|
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|
No. of Employees : |
629 (Approximately) |
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|
|
|
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|
Bankers : |
|
|
Financial Institution : |
·
Fiat Sundaram Finance Limited |
|
|
|
|
Auditors : |
|
|
Name : |
B.K. Kapur and Company Chartered Accountants |
|
Address : |
17, Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP2355L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
·
Ace Manufacturing System Limited, India U85110KA1994PLC015321 |
|
|
|
|
Wholly Owned Subsidiary Company : |
·
Micromatic Machine Tools (Shanghai) Company
Limited, India U74899DL19877PTC029798 |
|
|
|
|
Enterprises Significantly influenced by Directors and for their
relatives |
· Micromatic Grinding Technologies Limited, India U74899DL1982PLC042422 · Ace Design Limited, India U29199KA1986PLC007816 · Pragati Automation Private Limited, India U29199KA2001PTC029247 · Ace Micromatic Manufacturing Intelligence Tech Private, India U72200KA2013PTC070078 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
INR 10/- each |
INR 9.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
676400 |
Equity Shares |
INR 10/- each |
INR 6.764
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 |
6.764 |
6.764 |
6.764 |
|
(b) Reserves &
Surplus |
802.466 |
751.871 |
691.750 |
|
(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) |
809.230 |
758.635 |
698.514 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
1.536 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.471 |
11.481 |
9.633 |
|
Total Non-current
Liabilities (3) |
13.471 |
11.481 |
11.169 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
46.351 |
42.044 |
17.940 |
|
(c) Other current
liabilities |
74.283 |
55.215 |
55.540 |
|
(d) Short-term provisions |
36.792 |
50.032 |
60.090 |
|
Total Current Liabilities
(4) |
157.426 |
147.291 |
133.570 |
|
|
|
|
|
|
TOTAL |
980.127 |
917.407 |
843.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
224.191 |
221.076 |
207.541 |
|
(ii) Intangible Assets |
2.971 |
3.231 |
3.693 |
|
(iii) Capital
work-in-progress |
0.264 |
0.264 |
0.168 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
83.265 |
83.265 |
39.772 |
|
(c) Deferred tax assets
(net) |
3.971 |
0.180 |
0.000 |
|
(d) Long-term Loan and Advances |
4.256 |
4.116 |
19.460 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
318.918 |
312.132 |
270.634 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
177.420 |
176.024 |
205.830 |
|
(b) Inventories |
89.920 |
70.811 |
57.267 |
|
(c) Trade receivables |
287.931 |
252.925 |
231.319 |
|
(d) Cash and cash
equivalents |
11.079 |
27.240 |
18.600 |
|
(e) Short-term loans and
advances |
94.638 |
78.037 |
59.467 |
|
(f) Other current assets |
0.221 |
0.238 |
0.136 |
|
Total Current Assets |
661.209 |
605.275 |
572.619 |
|
|
|
|
|
|
TOTAL |
980.127 |
917.407 |
843.253 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1003.884 |
847.195 |
758.41 |
|
|
Other Income |
25.802 |
45.752 |
20.915 |
|
|
TOTAL |
1029.686 |
892.947 |
779.325 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
308.778 |
262.668 |
209.982 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.040) |
(19.096) |
(10.717) |
|
|
Employees benefits
expense |
415.537 |
336.548 |
292.376 |
|
|
Administrative
and other expenses |
0.000 |
0.000 |
150.511 |
|
|
Exceptional items |
0.092 |
0.000 |
0.000 |
|
|
CSR expenditure |
1.273 |
0.500 |
0.000 |
|
|
Prior Period Expenses |
0.372 |
0.191 |
0.224 |
|
|
Excess
of Cost over fair value of Current Investment |
0.000 |
0.000 |
0.151 |
|
|
Other expenses |
214.601 |
167.243 |
0.000 |
|
|
TOTAL |
921.613 |
748.054 |
642.527 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
108.073 |
144.893 |
136.798 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.342 |
0.833 |
1.728 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
107.731 |
144.060 |
135.070 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.639 |
26.716 |
26.299 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
82.092 |
117.344 |
108.771 |
|
|
|
|
|
|
|
Less |
TAX |
19.203 |
23.438 |
30.091 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
62.889 |
93.906 |
78.680 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
92.97 |
138.83 |
116.32 |
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 |
63.166 |
157.954 |
NA |
|
Net cash flows from (used in) operating activities |
27.246 |
111.117 |
22.550 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
104.69 |
108.97 |
111.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.49 |
3.35 |
3.28 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
54.79 |
58.42 |
31.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.20 |
2.05 |
2.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.48 |
0.65 |
0.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.16 |
0.16 |
0.16 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.19 |
0.19 |
0.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.28 |
0.30 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
316.00 |
173.94 |
79.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
6.26 |
11.08 |
10.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.42 |
10.24 |
9.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.77 |
12.38 |
11.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.20 |
4.11 |
4.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.63 |
3.63 |
3.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.83 |
0.83 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.20 |
4.11 |
4.29 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
6.764 |
6.764 |
6.764 |
|
Reserves & Surplus |
691.750 |
751.871 |
802.466 |
|
Net
worth |
698.514 |
758.635 |
809.230 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
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
|
758.410 |
847.195 |
1003.884 |
|
|
|
11.707 |
18.495 |
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
|
758.410 |
847.195 |
1003.884 |
|
Profit |
78.680 |
93.906 |
62.889 |
|
|
10.37% |
11.08% |
6.26% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.088 |
6.088 |
|
(b) Reserves and Surplus |
|
1262.009 |
1176.125 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1268.097 |
1182.213 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
13.470 |
11.481 |
|
Total Non-current
Liabilities (3) |
|
13.470 |
11.481 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
180.113 |
137.258 |
|
(c) Other
current liabilities |
|
87.973 |
62.025 |
|
(d) Short-term
provisions |
|
36.792 |
50.032 |
|
Total Current
Liabilities (4) |
|
304.878 |
249.315 |
|
|
|
|
|
|
TOTAL |
|
1586.445 |
1443.009 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
224.571 |
221.089 |
|
(ii)
Intangible Assets |
|
2.971 |
3.231 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.264 |
0.264 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
527.200 |
453.790 |
|
(c) Deferred tax assets (net) |
|
3.971 |
0.180 |
|
(d)
Long-term loans and advances |
|
4.255 |
4.115 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
763.232 |
682.669 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
177.420 |
176.024 |
|
(b)
Inventories |
|
132.031 |
129.609 |
|
(c) Trade
receivables |
|
367.432 |
309.202 |
|
(d) Cash and
bank balances |
|
38.827 |
58.534 |
|
(e)
Short-term loans and advances |
|
107.282 |
86.733 |
|
(f) Other
current assets |
|
0.221 |
0.238 |
|
Total
Current Assets |
|
823.213 |
760.340 |
|
|
|
|
|
|
TOTAL |
|
1586.445 |
1443.009 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1388.665 |
1140.457 |
|
|
Other Income |
|
26.674 |
20.989 |
|
|
TOTAL |
|
1415.339 |
1161.446 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
636.914 |
428.245 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(2.353) |
51.928 |
|
|
Employee benefit expense |
|
457.648 |
380.117 |
|
|
CSR expenditure |
|
1.273 |
0.500 |
|
|
Other expenses |
|
246.322 |
189.648 |
|
|
Prior period items before tax |
|
0.372 |
0.191 |
|
|
Exceptional items before tax |
|
0.091 |
0.000 |
|
|
TOTAL |
|
1340.267 |
1050.629 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
75.072 |
110.817 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
5.292 |
14.683 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
69.780 |
96.134 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
25.808 |
26.895 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
43.972 |
69.239 |
|
|
|
|
|
|
|
Less |
TAX |
|
19.209 |
23.438 |
|
Add |
Share
of profit (loss) of associates |
|
73.410 |
61.926 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
98.173 |
107.727 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
36.610 |
67.713 |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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: NOTE: Registered office of the company has been shifted from 301-302, Vikash Deep, Laxmi Nagar, District Centre, Delhi – 110092, India to the present address.
OPEARTION
The company had a year of moderate growth with the income of INR Million during the financial year compared to INR Million in the previous year.
While Revenue has increased by 15%, Profit for the year has decreased, as a lot of restructuring in process with the future in mind, Employee Cost, Branding Expenses and administration cost has increased as we are strengthening the team and investing in increased training and performance enhancement schemes. We have strengthened our sales force and increased network for better Customer Reach. We are having offices across all locations in India as under: Full Fledged offices: 16
Satellite offices: 10 Resident engineers: 14 Franchisees: 07 Dealers: 08 On the Export Market our 100% Wholly Owned Subsidiary Micromatic Machine Tools (Shanghai) Co. Limited has also increased its revenue during the year 2016. However due to increase in operational expenses, the wholly owned subsidiary is showing a Net loss of RMB 34,21,982 (INR 34.200 Million). The wholly owned subsidiary expects to generate higher revenue during the year 2017. We have now felt the need to have our presence in the Global Market and your company has added sales operations in Europe, South East Asia, Middle East Asia and other Asian Countries along with the existing Service office at Germany.
BUSINESS PROSPECTS
The Order inflow during the year 2016-17 was very good throughout the year and have sufficient pending order level to be executed in the next few months. The Company is focusing on growth of new segments like Aerospace, Die Mould, Education, Energy and Defence, in order to broad base the Companies Market share.
With the recent rollout of GST, the Company is hopeful of further gain in the Market Share and improvement in the Profitability and Cash flow Situation.
The Company has envisaged more emphasis on digital marketing and database marketing. Also Participation in local shows and house shows will be increased to enhance brand value and awareness in the uncovered regional space.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10123614 |
90043519 |
FIAT SUNDARAM FINANCE LTD. |
31/08/2002 |
- |
397260.0 |
NO. 21; PATTULUS ROAD, CHENNAI, TAMILNADU-600002, INDIA |
|
2 |
G19476365 |
10524026 |
AXIS BANK LIMITED |
25/09/2014 |
18/10/2016 |
62000000.0 |
CORPORATE BANKING BRANCH, INDIAN EXPRESS BUILDING SECOND FLOOR, NO.1, QUEEN'S ROAD, BANGALORE- 560001, INDIA |
|
3 |
B94903838 |
10253601 |
AXIS BANK LIMITED. |
25/10/2010 |
20/01/2014 |
50000000.0 |
CREDIT MANAGEMENT CENTER, NO. 411ST FLOOR, SHESHADRI ROAD, ANANDRAO CIRCLE, BANGALORE-560009, KARNATAKA, INDIA |
|
4 |
B06116222 |
10190535 |
AXIS BANK LIMITED |
24/11/2009 |
14/02/2011 |
70000000.0 |
PEENYA BRANCH,PEENYA, BANGALORE-560058, KARNATAKA, INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Office
Equipment
- Computer
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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.