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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

492882

Report Date :

17.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ALFA LAVAL INDIA PRIVATE LIMITED (w.e.f. 22.09.2017)

 

 

Formerly Known As :

ALFA LAVAL INDIA LIMITED

 

VULCAN TRADING COMPANY PRIVATE LIMITED

 

 

Registered Office :

Mumbai-Pune Road, Dapodi, Pune – 411012, Maharashtra

Tel. No.:

91-20-67341740

 

 

Country :

India

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

15.12.1937

 

 

Com. Reg. No.:

11-002732

 

 

Capital Investment / Paid-up Capital :

INR 178.327 Million

 

 

CIN No.:

[Company Identification No.]

U29299PN1937PTC002732

 

 

IEC No.:

0388041871

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACA5899A

 

 

GSTIN/UIN :

Not Divulged

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is primarily engaged in the manufacture and sale of industrial equipment and process solutions. (Registered Activity)

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is a subsidiary of Alfa Laval Corporate AB. It was incorporated in the year 1937 and operates through two divisions: process technology and equipment. The equipment division sells standardized Alfa Laval Equipment, such as separators, heat exchangers and flow products.

 

The process technology division provides turnkey solutions, mainly to vegetable oil refining plants, breweries, fuel ethanol plants and spray drying plants. The division also supplies equipment to the energy and waste-management sectors. The company got voluntarily delisted from stock exchangers on April 19, 2012.

 

As per financials of December 2016, the company has registered a growth of 2.46% in its revenue as compared to its previous year’s revenue and has reported good profit margin of 14.50% under review.

 

Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with low solvency indicators due to zero debt balance sheet and good liquidity position.

 

Rating continues to derive strength from the strong financial and managerial support received from its parent company and established market position in the process technology and equipment segments.

 

Further, the company reported a good earnings per share of INR 87.61 against its face value of INR 10.

 

However, rating strength is partially offset by the vulnerability of company’s revenue to downturns in the engineering and capital goods industry and the susceptibility of its margins to volatility in input costs.

 

Payments terms are reported to be regular as per commitment.

 

In view of aforesaid, the subject can be considered good for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

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

CRISIL

Rating

Long term rating : AA+

Rating Explanation

High degree of safety and very low credit risk

Date

25.05.2017

 

Rating Agency Name

CRISIL

Rating

Short term rating : A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk

Date

25.05.2017

 

 

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 17.02.2018

 

 

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. D’Souza

Designation :

Admin Department

Contact No.:

91-20-27107100

 

 

LOCATIONS

 

Registered Office :

Mumbai-Pune Road, Dapodi, Pune – 411012, Maharashtra, India

Tel. No.:

91-20-27107100/ 66119100/ 27797711/ 67341212

Fax No.:

91-20-27147711/ 779479

E-Mail :

chandrasekhar.v@alfalaval.com

info@alfalaval.co.in

manish.nehra@alfalaval.com

Website :

www.alfalaval.com

 

 

Factory 1 :

Gat No. 30 to 33 and 74 to 82, Sarole Veer Road, Sarole – 412205, Taluka Bhor, District Pune, Maharashtra, India

Tel. No.:

91-2113-282367

Fax No.:

91-2113-282301

 

 

Factory 2 :

E-7/ E-8, M.I.D.C. Estate, Satara – 415004, Maharashtra, India

Tel. No.:

91-2162-244503

Fax No.:

91-2162-244268

 

 

Head Office/ Mailing address /Sales Office 1 :

Office No. 301, 302, 401, 402, Global Port Building, Survey No. 45/1-10, Mumbai Bangalore Highway Baner, Pune – 411045, Maharashtra, India

Tel. No.:

91-20-67341100/ 101

Fax No.:

91-20-67341115

 

 

Sales Office 2 :

901-A, BSEL Tech Park, Sector 30 A, Vashi, Opposite Vashi Railway Station,
Navi Mumbai – 400705, Maharashtra, India

Tel. No.:

91-223-9116200

Fax No.:

91-223-9116225

 

 

Sales Office 3 :

Plot No. A-18, Road No. 4, Vikrampuri, Secunderabad – 500009, Telangana, India

Tel. No.:

91-40-27846287

Fax No.:

91-40-27843778

 

 

Sales Office 4 :

4, Shobhana Nagar, Vasna Road, Vadodara – 390015, Gujarat, India

Tel. No.:

91-265-2250068

Fax No.:

91-265-2250984

 

 

Sales Office 5 :

No. 19, 1st Cross Street, Sterling Road, Chennai - 600 034 Tamilnadu, India

 

 

Parts and Service Centre 1 :

Plot No. R-674, MIDC Rebale, TTC Industrial Area, Post Ghansoli, Navi Mumbai – 400701, Maharashtra, India

Tel. No.:

91-22-27691832

Fax No.:

91-22-27607834

 

 

Parts and Service Centre 2 :

Visakhapatnam Service Centre, Centre C-6 Industrial Estate, Marripalem Kancherlapalem (PO), Visakhapatnam – 530007, Andhra Pradesh, India

Tel. No.:

91-891-2551668

Fax No.:

91-891-2552734

 

 

Parts and Service Centre 3 :

Plot No. 9, Phase -IV, Sector – 57, Kundli Industrial Estate, Kundali, Sonipat – 131028, Haryana, India

Tel. No.:

91-925-4683005

 

 

Sales Offices :

Also located at :

 

·         Kolkata

·         Indore

·         Chandigarh

·         Kanpur

·         Kochi

·         Jamshedpur

·         Nagpur

·         Raipur

·         Visakhapatnam

·         Pune

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Janardhanan Anantha Padmanabhan

Designation :

Managing Director

Address :

Aishwarya A-78, Sreevatsa Gardens, Mettupalayam Road, Coimbatore- 641034, Tamilnadu, India

Date of Appointment :

01.01.2017

DIN No.:

07650004

 

 

Name :

Mattias Kjell Andersson

Designation :

Whole-time Director

Address :

C/o Lidgren, Hasselstigen,17, 78165, Boralange Dalarna County 78165 SE, Sweden

Date of Appointment :

17.02.2017

DIN No.:

07740934

 

 

Name :

Lars David Joakim Vilson

Designation :

Additional Director

Address :

Kyrkogatan 17 Lgh 1204 Lund 22222 SE

Date of Appointment :

29.08.2017

DIN No.:

07903416

 

 

Name :

Jacob Malmros

Designation :

Additional Director

Address :

Åbovägen 3,245 62 Hjärup 24562 SE

Date of Appointment :

23.09.2017

DIN No.:

07903427

 

 

KEY EXECUTIVES

 

Name :

Mr. Nishant Srivastava

Designation :

Company Secretary

Address :

Flat B 2, A 1203, Sonigara Kesar 2, Kalewadi Wakad Road, Kaspate Wasti, Chatrapati Chowk, Near PNB, Wakad, Pune – 411057, Maharashtra, India

Date of Appointment :

01.02.2018

PAN No.:

AXFPS4444J

 

 

Name :

Mr. Marcin Skiba

Designation :

Chief Financial Officer

Address :

Apartment #1701, Tower #4 Castle Royale, Village Bopodi, Bhosle Nagar, Pune – 411007, Maharashtra, India

Date of Appointment :

01.05.2015

PAN No.:

GHAPS7437E

 

 

Name :

Mr. D’Souza

Designation :

Admin Department

 

 

MAJOR SHAREHOLDERS

 

As on 31.12.2016

 

Names of Shareholders

 

No. of Shares

Alfa Laval Corporate AB, Sweden

 

17832712

Alfa Laval Holding AB, Sweden

 

1

Alfa Laval Lund AB, Sweden

 

1

Alfa Laval Treasury International AB, Sweden

 

1

Breezewind AB, Sweden

 

1

Multbran AB, Sweden

 

1

PHE Holding AB, Sweden

 

1

Total

 

17832718

 

Equity Share Break up (Percentage of Total Equity)

 

As on 27.04.2017

 

Category

Percentage

Promoters (Body corporate)

100.00

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is primarily engaged in the manufacture and sale of industrial equipment and process solutions. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

84195010

Heat Exchangers

84211910

Bowl Centrifuges

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

Not Divulged

Branch :

--

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

Auditors :

 

Name :

BSR and Associates

Chartered Accountants

Address :

703 Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AADFB6889R

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

Alfa Laval Corporate AB, Sweden

 

 

Ultimate Holding Company :

Alfa Laval AB, Sweden

 

 

Fellow subsidiaries :
  • Alfa Laval S.A., Argentina
  • Alfa Laval (Germany) Mid Europe GmbH, Germany
  • Alfa Laval Dortmund GmbH, Germany
  • Alfa Laval Australia Pty Limited, Australia
  • Alfa Laval AEBE
  • Alfa Laval (Austria) Mid Europe GmbH
  • Alfa Laval Support Services Private Limited, India
  • Tranter India Private Limited, India
  • Alfa Laval Limiteda, Brazil
  • PT Alfa Laval, Indonesia
  • Alfa Laval Sofia Limited, Bulgaria
  • Alfa Laval Inc.
  • Alfa Laval SpA
  • Astepo Srl
  • Alfa Laval Parma Srl
  • Alfa Laval Artec SpA
  • Alfa Laval S.A.C.I
  • Alfa Laval Olmi SpA
  • Alfa Laval Italy S.r.l
  • Alfa Laval KK
  • Alfa Laval (China) Limited
  • Alfa Laval Flow Equipment (Kunshan) Company Limited
  • Alfa Laval (Jiangyin) Manufacturing Company Limited
  • Alfa Laval (Shanghai) Technologies Company Limited
  • Alfa Laval (Kunshan) Manufacturing Company Limited
  • Wuxi MCD Gasket C. Limited
  • Alfa Laval Qingdao Limited
  • Alfa Laval S.A. de CV
  • Alfa Laval Spol s.r.o.
  • Alfa Laval (Malaysia) Sdn Bhd
  • Alfa Laval Copenhagen A/S
  • Alfa Laval Tank Equipments A/S
  • Alfa Laval Groningen B.V.
  • Alfa Laval Kolding A/S
  • Alfa Laval Benelux NV-SA
  • Alfa Laval Nakskov A/S
  • Alfa Laval Benelux B.V.
  • Alfa Laval Nordic A/S
  • Alfa Laval Nijmegen B.V
  • Scandi Brew
  • Alfa Laval Aalborg A/S
  • Alfa Laval Nordic A/S
  • Alfa Laval Nordic OY
  • Alfa Laval (New Zealand) Pty Limited
  • Alfa Laval Vantaa OY
  • Alfa Laval (New Zealand) Pty Limited
  • Alfa Laval Vicarb SAS
  • Alfa Laval Philippines Inc.
  • Alfa Laval SAS
  • Alfa Laval France SAS
  • Alfa Laval Spiral SAS
  • Alfa Laval Moatti SAS
  • Alfa Laval Moatti SNC
  • Alfa Laval Packinox SA
  • Alfa Laval S.A.
  • Alfa Laval Krakow Sp. z o. o.
  • Alfa Laval Polska Sp. z o. o.
  • Alfa Laval HES SA
  • MCD SAS
  • A/O Alfa Laval Potok
  • Alfa Laval Taiwan Limited
  • Alfa Laval, Singapore Pte. Limited
  • Alfa Laval (Thailand) Limited
  • Alfa Laval Aalborg Pte. Limited
  • Alfa Laval Iberia SA
  • Alfa Laval Makine Sanayii ve Ticaret Limited. Sti.
  • Alfa Laval (Pty) Limited
  • Alfa Laval Middle East Limited
  • Alfa Laval Limited
  • Alfa Laval Tumba AB
  • Alfa Laval Pumps Limited
  • Alfa Laval Treasury International AB
  • Alfa Laval Eastbourne Limited
  • Alfa Laval Holding AB
  • Alfa Laval Lund AB
  • Alfa Laval Nordic AB Alfa Laval Inc.
  • Alfa Laval Quality Moving AB
  • Alfa Laval Distribution Inc.
  • Alfa Laval Srl

 

 

 

 

CAPITAL STRUCTURE

 

As on 27.04.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20000000

Equity Shares

INR 10/- each

INR 200.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

17832718

Equity Shares

INR 10/- each

INR 178.327 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.12.2016

31.12.2015

31.12.2014

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

178.327

181.605

181.605

(b) Reserves and Surplus

10210.111

10203.854

8688.594

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.004

0.000

Total Shareholders’ Funds (1) + (2)

10388.438

10385.463

8870.199

 

 

 

 

(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

24.798

23.541

60.575

Total Non-current Liabilities (3)

24.798

23.541

60.575

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

0.000

0.000

0.000

(b) Trade payables

1311.775

1312.085

1523.391

(c) Other current liabilities

1997.221

1744.062

2057.309

(d) Short-term provisions

536.444

529.374

420.795

Total Current Liabilities (4)

3845.440

3585.521

4001.495

 

 

 

 

TOTAL

14258.676

13994.525

12932.269

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1733.574

1860.672

1813.582

(ii) Intangible Assets

0.000

2.281

3.313

(iii) Tangible assets capital work-in-progress

122.215

72.028

257.619

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

124.518

404.551

49.518

(c) Deferred tax assets (net)

363.045

285.826

251.361

(d) Long-term loans and advances

549.992

529.068

503.866

(e) Other Non-current assets

0.000

45.475

0.000

Total Non-Current Assets

2893.344

3199.901

2879.259

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

5900.390

4911.293

3826.566

(b) Inventories

1675.262

1962.695

2244.836

(c) Trade receivables

2185.730

2399.539

2318.427

(d) Cash and bank balances

852.771

690.126

511.523

(e) Short-term loans and advances

548.228

788.145

1083.226

(f) Other current assets

202.951

42.826

68.432

Total Current Assets

11365.332

10794.624

10053.010

 

 

 

 

TOTAL

14258.676

13994.525

12932.269

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.12.2016

31.12.2015

31.12.2014

 

SALES

 

 

 

 

Revenue from operations

10905.763

10644.199

11263.374

 

Other Income

364.060

385.164

329.137

 

TOTAL

11269.823

11029.363

11592.511

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

4569.052

4894.194

5330.438

 

Purchases of Stock-in-Trade

401.965

351.281

371.063

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

253.656

34.232

59.545

 

Employee benefit expense

1601.071

1243.473

1209.743

 

CSR expenditure

16.740

17.046

0.000

 

Other expenses

1867.063

1908.950

2197.015

 

TOTAL

8709.547

8449.176

9167.804

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

2560.276

2580.187

2424.707

 

 

 

 

 

Less

FINANCIAL EXPENSES

35.271

32.119

39.044

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2525.005

2548.068

2385.663

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

196.979

253.273

214.622

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2328.026

2294.795

2171.041

 

 

 

 

 

Less

TAX

746.658

779.534

701.723

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

1581.368

1515.261

1469.318

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

3770.448

3739.392

4440.747

 

TOTAL EARNINGS

3770.448

3739.392

4440.747

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

1597.563

1571.627

2137.453

 

Components and spare parts

270.758

273.306

271.175

 

Capital Goods

5.521

3.428

63.523

 

TOTAL IMPORTS

1873.842

1848.361

2472.151

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

87.61

83.44

80.91

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.12.2016

31.12.2015

31.12.2014

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

3083.758

2258.402

2846.476

Net cash flow from operating activity

2169.505

1378.051

2095.199

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.12.2016

31.12.2015

31.12.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

73.15

82.28

75.13

 

 

 

 

Account Receivables Turnover

( Income / Sundry Debtors)

4.99

4.44

4.86

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

96.32

91.30

97.52

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.53

1.31

1.08

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

1.38

1.33

1.17

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.12.2016

31.12.2015

31.12.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.27

0.26

0.31

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.37

0.35

0.45

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.18

0.19

0.23

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

72.59

80.33

62.10

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.12.2016

31.12.2015

31.12.2014

Net Profit Margin

[(PAT / Sales) * 100]

%

14.50

14.24

13.05

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

11.09

10.83

11.36

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

15.22

14.59

16.56

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.12.2016

31.12.2015

31.12.2014

Current Ratio

(Current Assets / Current Liabilities)

2.96

3.01

2.51

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

2.52

2.46

1.95

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.73

0.74

0.69

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

2.96

3.01

2.51

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.12.2014

31.12.2015

31.12.2016

 

INR In Million

INR In Million

INR In Million

Share Capital

181.605

181.605

178.327

Reserves & Surplus

8688.594

10203.854

10210.111

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.004

0.000

Net worth

8870.199

10385.463

10388.438

 

 

 

 

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

31.12.2014

31.12.2015

31.12.2016

 

INR In Million

INR In Million

INR In Million

Sales

11263.374

10644.199

10905.763

 

 

(5.497)

2.457

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.12.2014

31.12.2015

31.12.2016

 

INR In Million

INR In Million

INR In Million

Sales

11263.374

10644.199

10905.763

Profit

1469.318

1515.261

1581.368

 

13.05%

14.24%

14.50%

 

 

 

LEGAL CASES

 

Bench:- Bombay

Presentation Date:- 09/02/2018

Lodging No. :

ITXAL/294/2018

Failing Date:-


09/02/2018

Petitioner:-

 

THE PR. COMMISSIONER OF INCOME TAX-5-

Respondent:-

ALFA LAVAL INDIA LIMITED

Petn.Adv:-

SHAM V WALVE (I3200)

District:-

MUMBAI

Bench:-

DIVISION

Category:-

TAX APPEALS

Status:-

Pre-Admission

Stage:-

Last Date:-

16/02/2018

Last Coram:-

REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

 

 

Act. :

Income Tax Act,1961

Under Section 260A

 

Bench:- Bombay

Presentation Date:- 09/02/2018

Lodging No. :

ITXAL/284/2018

Failing Date:-


09/02/2018

Petitioner:-

 

THE PR. COMMISSIONER OF INCOME TAX-5-

Respondent:-

ALFA LAVAL INDIA LIMITED

Petn.Adv:-

SHAM V WALVE (I3200)

District:-

PUNE

Bench:-

DIVISION

Category:-

TAX APPEALS

Status:-

Pre-Admission

Stage:-

Last Date:-

16/02/2018

Last Coram:-

REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

 

 

Act. :

Income Tax Act,1961

Under Section 260A

 

Bench:- Bombay

Presentation Date:- 20/11/2017

Lodging No. :

ITXAL/2930/2018

Failing Date:-

20/11/2017

Petitioner:-

 

THE PR. COMMISSIONER OF INCOME TAX-5-

Respondent:-

ALFA LAVAL INDIA LIMITED

Petn.Adv:-

SHAM V WALVE (I3200)

District:-

PUNE

Bench:-

DIVISION

Category:-

TAX APPEALS

Status:-

Pre-Admission

Stage:-

FOR REJECTION

Last Date:-

01/03/2018

Last Coram:-

REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

 

 

Act. :

Income Tax Act,1961

Under Section 260A

 

 

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

No

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

Yes

33]

Market information

--

34]

Payments terms

No

35]

Negative Reporting by Auditors in the Annual Report

No

 

 

COMPANY OVERVIEW

 

The Company is incorporated under the Companies Act, VII of 1913. The Company is primarily engaged in the manufacture and sale of industrial equipment and process solutions. The Company sells high speed separators, heat exchangers and flow equipment amongst other products, besides offering process solutions to various industries.

 

 

INDEX OF CHARGES

 

Charges Registered

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Amount

Address

1

Y10170690

90085669

BANK OF INDIA

27/02/2001

15/03/1993

10000000.0

70/80 M G ROAD BOMBAY MAHARASHTRA 400023 INDIA

 

 

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.12.2016

(INR in Million)

31.12.2015

(INR in Million)

Claims against company not acknowledged as debt

791.305

548.500

Other money for which company is contingently liable

0.000

8.467

Total

791.305

556.967

 

 

FIXED ASSETS

 

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Plant and Machinery

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 63.90

UK Pound

1

INR 90.31

Euro

1

INR 80.16

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

SUD

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.