|
|
|
MIRA INFORM REPORT
|
Report No. : |
491768 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TOYO ENGINEERING INDIA PRIVATE LIMITED (w.e.f. 16.01.2015) |
|
|
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|
Formerly Known
As : |
TOYO ENGINEERING INDIA LIMITED |
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Registered
Office : |
Toyo House, Lal Bahadur Shashtri Marg, Kanjur Marg (West), Mumbai –
400078, Maharashtra |
|
Tel. No.: |
91-22-25737000 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
12.10.1981 |
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Com. Reg. No.: |
11-025413 |
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Capital
Investment / Paid-up Capital : |
INR 1000.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U28900MH1981PTC025413 |
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IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACT1772H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in architectural and engineering activities and related technical consultancy services (contracts/assignments of engineering, procurement and construction). [Registered Activity] |
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|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Toyo Engineering Corporation, Japan” and was incorporated in the year 1981.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term borrowing = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
14.09.2017 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term borrowing = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
14.09.2017 |
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 14.02.2018.
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. Rahul |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-25737000 |
|
Date : |
11.02.2018 |
Tel. No.: 91-22-55967000/ 25737085 (Ringing)
LOCATIONS
|
Registered Office : |
Toyo House, Lal Bahadur Shashtri Marg, Kanjur Marg (West), Mumbai –
400078, Maharashtra, India |
|
Tel. No.: |
91-22-25737000/ 55967000/ 25737085/ 25737044 |
|
Fax No.: |
91-22-25737520/ 1 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
214, Splendor Forum, Jasola District Centre, Near Apollo
Hospital, New Delhi - 110044, India |
|
Tel. No.: |
91-11-40591240 |
|
Fax No.: |
91-11-40591246 |
|
Email : |
|
|
|
|
|
Toyo Technology Centre/ Satellite Project Office : |
71, Kanjur Marg Village Road, Kanjur Marg (East), Mumbai – 400042,
Maharashtra, India |
|
Tel. No.: |
91-22-25735000 |
|
Fax No.: |
91-22-25735842 |
|
|
|
|
Overseas Office : |
Post Box:36109, |
|
Tel. No.: |
+971 267 16669 |
|
Fax No.: |
+971 267 16648 |
|
Email : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Itsuya Yanagi |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 2102, 21st Floor, Glen Ridge CHS, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
06.07.1954 |
|
Qualification: |
Bachelor of Archietecture from Kyushu University |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
ALPPY9579G |
|
DIN No.: |
06854569 |
|
|
|
|
Name : |
Mr. Rajendra Yeshwant Kulkarni |
|
Designation : |
Whole Time Director |
|
Address : |
A/503/A and B, 5th Floor, Brentwood Co-operative Housing Limited, Main Street Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1954 |
|
Qualification: |
B Com, ACA, LLB |
|
Date of Appointment : |
17.12.2010 |
|
PAN No.: |
AAAPK9619D |
|
DIN No.: |
02532373 |
|
|
|
|
Name : |
Mr. Suresh Bhanudas Shelke |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No. 302, Building No. 6, Pristine CHS Vasant Lawns, Majiwada, Thane - 400601, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1962 |
|
Qualification: |
BE Instrumentation – Marathwada University |
|
Date of Appointment : |
17.12.2016 |
|
PAN No.: |
AAJPS4671E |
|
DIN No.: |
07668005 |
|
|
|
|
Name : |
Mr. Hiroshi Fujita |
|
Designation : |
Director |
|
Address : |
Konan, 4-6-2-2502, Minato-Ku, Tokyo 1080075 |
|
Date of Birth/Age : |
24.04.1959 |
|
Qualification: |
Bachelor of Mechanical Engineering, Tokyo University |
|
Date of Appointment : |
10.09.2013 |
|
DIN No. : |
06585235 |
|
|
|
|
Name : |
Osamu Okuda |
|
Designation : |
Director |
|
Address : |
3-68-3, Irifune, Urayasu Chiba, Japan Chiba 000000 JP |
|
Date of Birth/Age : |
19.06.1956 |
|
Qualification: |
Master of Engineering, Graduate School of Engineering – The University of Tokyo |
|
Date of Appointment : |
03.06.2016 |
|
DIN No.: |
07522962 |
|
|
|
|
Name : |
Eiichiro Fukuhara |
|
Designation : |
Director |
|
Address : |
1-13-6-705, Takahama Mihama-Ku Chiba, Japan Chiba 000000 JP |
|
Date of Appointment : |
08.05.2017 |
|
DIN No.: |
07803187 |
KEY EXECUTIVES
|
Name : |
Mr. Rajendra Yeshwant Kulkarni |
|
Designation : |
Chief Finance Officer |
|
Address : |
Flat No. A/503/A and B, 5th Floor, Brentwood Chs Limited, Main Street, Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1954 |
|
Qualification: |
B Com, ACA, LLB |
|
Date of Appointment : |
27.08.2014 |
|
PAN No: |
AAAPK9619D |
|
|
|
|
Name : |
Mr. Suhas Dinekar Patwardhan |
|
Designation : |
Company Secretary |
|
Address : |
Kaustubh, 780/3 Shivaji Nagar, Pune - 411004, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1961 |
|
Qualification: |
B Com, LLB, FCS, PGDBM, MPM |
|
Date of Appointment : |
01.04.2011 |
|
PAN No: |
ADDPP6747P |
|
|
|
|
Name : |
Mr. Rahul |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Toyo Engineering Corporation, Japan |
|
98899997 |
|
Tec Project Service Corporation (As Nominee of Toyo Engineering Corporation) |
|
1 |
|
Tec Air Service Corporation (As Nominee of Toyo Engineering Corporation) |
|
1 |
|
Tec Accounting and Consulting Limited (As Nominee of Toyo Engineering Corporation) |
|
1 |
|
I. Yanagi and R. Y. Kulkarni, Trustees, Toyo Engineering India Private Limited Employees' Benefit Trust |
|
600000 |
|
R. Y. Kulkarni and I. Yanagi, Trustees, Toyo Engineering India Private Limited Employees' Benefit Trust |
|
500000 |
|
Total |
|
100000000 |
AS ON 30.08.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Bodies corporate |
98.90 |
|
Public/Other than promoters – Others (Trust) |
1.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in architectural and engineering activities and related technical consultancy services (contracts/assignments of engineering, procurement and construction). [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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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 |
|
Address : |
The Ruby, 12th Floor, 29 Senapat Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9117R |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Holding
Company : |
Toyo Engineering Corporation, Japan |
|
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Fellow
Subsidiary Companies : |
|
|
|
|
|
Enterprises over which Key Management is
able to exercise significant influence: |
·
Toyo Engineering India Limited Employees' Benefit
Trust, India · Toyo Engineering India Limited Provident Fund, India · Toyo Engineering India Limited Superannuation Trust, India
|
CAPITAL STRUCTURE
AS ON 30.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
INR 10/- each |
INR 1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
INR 10/- each |
INR 1000.000 Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1000.000 |
1000.000 |
1000.000 |
|
(b) Reserves and Surplus |
2872.720 |
2619.516 |
2223.102 |
|
(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) |
3872.720 |
3619.516 |
3223.102 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.218 |
1.002 |
1.957 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
1967.214 |
2959.137 |
959.431 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1967.432 |
2960.139 |
961.388 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1288.962 |
1410.771 |
824.879 |
|
(c) Other
current liabilities |
4301.805 |
3376.062 |
3619.097 |
|
(d) Short-term
provisions |
1028.928 |
677.364 |
441.301 |
|
Total Current
Liabilities (4) |
6619.695 |
5464.197 |
4885.277 |
|
|
|
|
|
|
TOTAL |
12459.847 |
12043.852 |
9069.767 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
324.380 |
425.043 |
565.474 |
|
(ii)
Intangible Assets |
46.869 |
62.743 |
68.596 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
4.348 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
427.818 |
316.497 |
129.421 |
|
(d)
Long-term loans and advances |
337.933 |
552.552 |
606.989 |
|
(e) Other
Non-current assets |
1599.359 |
2343.563 |
1660.409 |
|
Total Non-Current
Assets |
2736.359 |
3700.398 |
3035.237 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
4673.239 |
3856.332 |
1600.088 |
|
(d) Cash and
bank balances |
1904.971 |
2905.365 |
1141.737 |
|
(e)
Short-term loans and advances |
2321.395 |
891.827 |
1386.842 |
|
(f) Other
current assets |
823.883 |
689.930 |
1905.862 |
|
Total
Current Assets |
9723.488 |
8343.454 |
6034.529 |
|
|
|
|
|
|
TOTAL |
12459.847 |
12043.852 |
9069.766 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
8952.971 |
14130.899 |
6666.235 |
|
|
Other Income |
372.772 |
89.916 |
104.710 |
|
|
TOTAL |
9325.743 |
14220.815 |
6770.945 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2201.143 |
7450.357 |
914.725 |
|
|
Purchases of
Stock-in-Trade |
2010.286 |
1829.035 |
1402.842 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
97.637 |
(90.191) |
50.798 |
|
|
Employee benefit expense |
3087.555 |
3384.367 |
3016.974 |
|
|
CSR expenditure |
6.864 |
1.000 |
0.000 |
|
|
Exceptional items before tax |
(178.026) |
(231.190) |
(206.551) |
|
|
Other expenses |
1545.202 |
1085.594 |
1096.652 |
|
|
TOTAL |
8770.661 |
13428.972 |
6275.440 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
555.082 |
791.843 |
495.505 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.446 |
8.916 |
48.036 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
554.636 |
782.927 |
447.469 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
117.968 |
171.694 |
215.857 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
436.668 |
611.233 |
231.612 |
|
|
|
|
|
|
|
Less |
TAX |
183.464 |
214.818 |
49.928 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
253.204 |
396.415 |
181.684 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2778.013 |
5519.219 |
3262.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.53 |
3.96 |
1.81 |
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 |
(1569.688) |
1851.154 |
1835.315 |
|
Net cash flows from (used in) operating activities |
(1363.168) |
1529.354 |
2002.135 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
190.52 |
99.61 |
87.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sunday
Debtors) |
1.92 |
3.66 |
4.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
111.71 |
55.49 |
129.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.50 |
1.62 |
0.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.53 |
0.45 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.71 |
1.51 |
1.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.10 |
0.13 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1244.58 |
88.81 |
10.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
2.83 |
2.81 |
2.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.03 |
3.29 |
2.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.54 |
10.95 |
5.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.47 |
1.53 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.47 |
1.53 |
1.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.30 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.47 |
1.53 |
1.24 |
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 |
1000.000 |
1000.000 |
1000.000 |
|
Reserves & Surplus |
2223.102 |
2619.516 |
2872.720 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3223.102 |
3619.516 |
3872.720 |
|
|
|
|
|
|
Long-term borrowings |
1.957 |
1.002 |
0.218 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.957 |
1.002 |
0.218 |
|
Debt/Equity
ratio |
0.001 |
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 |
6666.235 |
14130.899 |
8952.971 |
|
|
|
111.977 |
(36.643) |
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 |
6666.235 |
14130.899 |
8952.971 |
|
Profit/ (Loss) |
181.684 |
396.415 |
253.204 |
|
|
2.73% |
2.81% |
2.83% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
GENERAL INFORMATION
The Company is a subsidiary of Toyo Engineering Corporation, Japan and is engaged in contracts/assignments of Engineering, Procurement, and Construction on Lump-sum Turnkey basis (EPC-LSTK), Engineering, Procurement Management and Construction Management (EPCM), Project Management Consultancy (PMC) and Engineering Services.
OPERATIONS
The Company's operations during the year resulted in a turnover of INR 8952.971 million (Previous year INR 14130.899 million) and profit before taxation amounted to INR 436.668 million (Previous year INR 611.233 million).
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C76787563 |
10615225 |
Axis Bank Limited |
29/12/2015 |
- |
- |
2900000000.0 |
Trishul, 3rd Floor, Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmadabad-380006, Gujarat, India |
|
2 |
G46153730 |
10589881 |
KOTAK MAHINDRA BANK LIMITED |
26/08/2015 |
24/05/2017 |
- |
4000000000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
3 |
C04210183 |
10493226 |
Standard Chartered Bank |
26/03/2014 |
- |
- |
3000000000.0 |
23, Narain Manzil Barkhamba Road, New Delhi-110001, India |
|
4 |
C62964705 |
10211223 |
Axis Bank Limited |
08/03/2010 |
26/08/2015 |
- |
1500000000.0 |
Trishul, 3rd Floor, Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmadabad-380006, Gujarat, India |
|
5 |
C73471575 |
10199202 |
The Bank of Tokyo-Mitsubishi UFJ Ltd. |
18/01/2010 |
20/11/2015 |
- |
500000000.0 |
15th Floor, Hoechst House, 193, Vinay K. Shah Marg, Nariman Point, Mumba-400021, Maharashtra, India |
|
6 |
B20991782 |
10033144 |
MIZUHO CORPORATE BANK LTD |
23/01/2007 |
07/09/2011 |
- |
1000000000.0 |
Maker Chamber III, First Floor, Jamnalal Bajaj Road, Nariman Point, Mumbai-400021, Maharashtra, India |
|
7 |
B10680825 |
10021549 |
STANDARD CHARTERED BANK |
25/09/2006 |
11/04/2011 |
- |
3870000000.0 |
90, M G Road, Fort, Mumbai-400001, Maharashtra, India |
|
8 |
C64882806 |
90241219 |
ING VYSYA BANK LIMITED |
05/11/2004 |
07/02/2013 |
23/09/2015 |
1500000000.0 |
Narian Manzil, Ground Floor, Shop No. G1 to G5, I Floor, Shop No.1001 To 1007, Barakhamba Road, New Delhi-110001, India |
|
9 |
C49293657 |
10276209 |
ING VYSYA BANK LIMITED |
08/03/2011 |
- |
30/03/2015 |
400000000.0 |
Mittal Towers, A-Wing, Ground Floor, 210 Nariman Point, Mumbai-400021, Maharashtra, India |
|
10 |
A87953196 |
90226265 |
THE SAKARA BANK LTD |
03/12/1999 |
27/12/2000 |
11/06/2010 |
877000000.0 |
2-B, Mittal Court, Nariman Poitn, Mumbai-400021, Maharashtra, India |
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
BHG |
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.