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|
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
492561 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CNH INDUSTRIAL (INDIA) PRIVATE LIMITED [w.e.f.12.08.2016] |
|
|
|
|
Formerly Known
As : |
NEW HOLLAND FIAT (INDIA) PRIVATE LIMITED [w.e.f. 18.12.2008] FIAT INDIA PRIVATE LIMITED [w.e.f. 08.08.2001] FIAT INDIA LIMITED [w.e.f. 18.05.2000] IND AUTO LIMITED [w.e.f. 16.03.1998] PAL COOPER LIMITED PAL COOPER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B1-207, 2nd Floor, Boomerang Chandivali Farm Road, Near Chandivali Studio, Andheri (East), Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-30007700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2016 |
|
|
|
|
Date of
Incorporation : |
23.11.1992 |
|
|
|
|
Com. Reg. No.: |
11-069675 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 12416.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220MH1992PTC069675 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACI3922Q1Z8 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI3922Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in the business of
manufacture and sale of tractors and components, spare parts and other allied
agricultural equipment. [Registered Activity] |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 75500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992. It is a subsidiary of CNH
Industrial Asian Holding Limited N.V. (Formerly known and CNH Asian Holding
Limited N.V), Belgium. The subject is a manufacturer of motor vehicles, trailers,
semi-trailers and other transport vehicles. For the financial year ended December 2016, the company has achieved
an average growth of 2.65% in its revenue as compared to its previous year
revenue and has gained profitability margin of 7.46%. The sound financial position of the company is marked by strong
networth base, debt free balance sheet profile and acceptable liquidity
position. Business is active. Payments seems to be regular and as per
commitment. 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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
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 20.02.2018.
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
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-120-3056000/ 6716152)
LOCATIONS
|
Registered Office : |
B1-207, 2nd Floor, Boomerang Chandivali Farm Road, Near Chandivali Studio, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-30007700 |
|
Fax No.: |
91-22-30007709 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
Plot A-33, Chakan Industrial Area, MIDC, Phase IV, Village Nighoje, Taluka-Khed, District Pune - 410501, Maharashtra, India |
|
|
|
|
Head Office : |
Plot No. 14-A, 2nd and 3rd Floor, Sector – 18,
Udyog Vihar, Gurugram – 122015, Haryana, India |
|
Tel. No.: |
91-124-6659102/ 9100 |
|
|
|
|
Tractor Plant : |
Plot No.:03, Udyog Kendra, Greater Noida – 201306, District Gautam
Budh Nagar, Uttar Pradesh, India |
|
Tel. No.: |
91-120-3056000 |
|
Fax No.: |
91-120-3056989 |
DIRECTORS
AS ON 2017
|
Name : |
Mr. Gabriele Lucano |
|
Designation : |
Managing Director |
|
Address : |
B-3/202, Unitech World Spa Sector-30, South City-1, Behind Star Mall, Gurugram – 122001, Haryana, India |
|
Date of Birth/Age : |
19.11.1973 |
|
|
Technical Course - Br, Economics, Finance , Administration, Mba – Business Mgmt and Administration, Mechanical Engg., Graduate Engineer In Indus Trial Automation and Robotics |
|
Date of Appointment : |
13.01.2016 |
|
DIN No.: |
07329684 |
|
|
|
|
Name : |
Stefano Pampalone |
|
Designation : |
Director |
|
Address : |
Via Paradiso 2, 6964 Sorengo Lugano Na China |
|
Date of Birth/Age : |
09.11.1967 |
|
Qualification: |
Mba, Graduate In Mechanical Enginering |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
02784982 |
|
|
|
|
Name : |
Damiano Cretarola |
|
Designation : |
Director |
|
Address : |
Via Gaggini Da Bissone 8 Lugano 6900 China |
|
Date of Birth/Age : |
23.12.1969 |
|
Qualification: |
Degree In Business Economics From University of Fribourg Federal Diploma As Certified Public Accountant From The " Akademei Fur Wirtschaftsprufung" Of Zurich. |
|
Date of Appointment : |
07.03.2014 |
|
DIN No.: |
06711790 |
|
|
|
|
Name : |
Mr. Raunak Varma |
|
Designation : |
Whole Time Director |
|
Address : |
B-3/702, World Spa Apartments Sector-30, South City-1, Behind Star Mal L Gurgaon 122001 |
|
Date of Birth/Age : |
28.09.1972 |
|
Qualification: |
CPA, B COM |
|
Date of Appointment : |
28.07.2015 |
|
DIN No.: |
07234008 |
|
PAN No.: |
ABBPV4428M |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Bishnoi |
|
Designation : |
Company Secretary |
|
Address : |
Flat No -L06/1222 , Ashiana Aangan Alwar Road, Bhiwadi – 301019, Rajasthan, India |
|
Date of Birth/Age : |
26.10.1984 |
|
Date of Appointment : |
04.04.2016 |
|
PAN No.: |
AKOPB2717P |
|
|
|
|
Name : |
Ms. Raunak Varma |
|
Designation : |
Chief Financial Officer |
|
Address : |
B-3/702, World SPA Apartments Sector-30, South City-1, Behind Star Mall, Gurugram – 122001, Haryana, India |
|
Date of Appointment : |
03.11.2015 |
|
PAN No.: |
ABBPV4428M |
MAJOR SHAREHOLDERS
AS ON 31.12.2016
|
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
1. |
Class – A Equity
Shares |
|
|
|
|
CNH Industrial Asian Holding Limited N.V. |
|
7445915 |
|
|
CNH Industrial Belgium NV |
|
01 |
|
|
Total |
|
7445916 |
|
|
|
|
|
|
2. |
Class – B Equity
Shares |
|
|
|
|
CNH Industrial Asian Holding Limited N.V. |
|
116723086 |
|
|
Total |
|
116723086 |
|
|
|
|
|
|
|
Total Share
Capital |
|
124169002 |
AS ON 27.03.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of
manufacture and sale of tractors and components, spare parts and other allied
agricultural equipment. [Registered Activity] |
||||||
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Products / Services
: |
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||||||
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||||||
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Brand Names : |
Not Available |
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||||||
|
Agencies Held : |
Not Available |
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||||||
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Exports : |
Not Available |
||||||
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||||||
|
Imports : |
Not Available |
||||||
|
|
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||||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
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||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
Golf View, Corporate Tower-B, Sector-42, Sector Road, Gurugram, Haryana, India |
|
PAN No.: |
ACHFS9180N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
|
|
|
|
|
Associate: |
[CIN NO.: U29240MH1998PTC117183] |
|
|
|
|
Holding
Companies: [As On
31.03.2016] |
|
|
|
|
|
Ultimate Holding Company: [As On
31.03.2016] |
|
|
|
|
|
Fellow Subsidiary
Company: [As On
31.03.2016] |
|
CAPITAL STRUCTURE
AS ON 27.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares [Class - A] |
INR 100/- each |
INR 3000.000 Million |
|
120000000 |
Equity Shares [Class - B] |
INR 100/- each |
INR 12000.000 Million |
|
50000000 |
Preference Shares |
INR 100/- each |
INR 5000.000 Million |
|
|
Total |
|
INR 20000.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7445916 |
Equity Shares [Class - A] |
INR 100/- each |
INR 744.591 Million |
|
116723086 |
Equity Shares [Class - B] |
INR 100/- each |
INR 11672.309 Million |
|
|
Total |
|
INR 12416.900
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12416.900 |
12485.550 |
12485.550 |
|
(b) Reserves &
Surplus |
14013.380 |
11950.440 |
10155.240 |
|
(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) |
26430.280 |
24435.990 |
22640.790 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
344.710 |
342.200 |
213.430 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
350.060 |
169.090 |
138.970 |
|
Total Non-current Liabilities
(3) |
694.770 |
511.290 |
352.400 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
5251.880 |
4371.900 |
3028.990 |
|
(c) Other current
liabilities |
967.010 |
901.280 |
997.430 |
|
(d) Short-term provisions |
783.820 |
398.270 |
345.220 |
|
Total Current Liabilities
(4) |
7002.710 |
5671.450 |
4371.640 |
|
|
|
|
|
|
TOTAL |
34127.760 |
30618.730 |
27364.830 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5256.960 |
5320.130 |
4560.430 |
|
(ii) Intangible Assets |
225.810 |
345.530 |
413.990 |
|
(iii) Capital
work-in-progress |
2764.160 |
1513.140 |
1159.100 |
|
(iv) Intangible assets
under development |
1176.760 |
987.440 |
820.710 |
|
(b) Non-current
Investments |
2256.030 |
2256.030 |
2256.030 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
450.450 |
546.050 |
416.110 |
|
(e) Other Non-current
assets |
35.420 |
16.040 |
16.020 |
|
Total Non-Current Assets |
12165.590 |
10984.360 |
9642.390 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4028.180 |
4149.640 |
3506.910 |
|
(c) Trade receivables |
2813.700 |
2964.480 |
4614.130 |
|
(d) Cash and cash
equivalents |
13803.890 |
10990.540 |
8112.770 |
|
(e) Short-term loans and
advances |
812.270 |
1271.270 |
1156.680 |
|
(f) Other current assets |
504.130 |
258.440 |
331.950 |
|
Total Current Assets |
21962.170 |
19634.370 |
17722.440 |
|
|
|
|
|
|
TOTAL |
34127.760 |
30618.730 |
27364.830 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Income |
25352.550 |
24699.300 |
28860.940 |
|
|
Other Income |
1358.320 |
1345.850 |
1648.200 |
|
|
TOTAL |
26710.870 |
26045.150 |
30509.140 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
17594.380 |
17302.340 |
19844.260 |
|
|
Purchases of
Stock-in-Trade |
179.380 |
233.480 |
345.170 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(183.600) |
234.030 |
88.410 |
|
|
Employees benefits
expense |
2257.240 |
1818.220 |
1489.370 |
|
|
CSR Expenditure |
25.970 |
0.000 |
0.000 |
|
|
Other expenses |
3145.670 |
2692.210 |
2989.050 |
|
|
TOTAL |
23019.040 |
22280.280 |
24756.260 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
3691.830 |
3764.870 |
5752.880 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
103.890 |
110.160 |
393.140 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
3587.940 |
3654.710 |
5359.740 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
766.610 |
781.480 |
684.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2821.330 |
2873.230 |
4675.040 |
|
|
|
|
|
|
|
Less |
TAX |
931.120 |
943.200 |
1524.930 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1890.210 |
1930.030 |
3150.110 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
6117.220 |
4187.190 |
1037.080 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
68.650 |
0.000 |
0.000 |
|
|
Utilized for premium on
redemption on preference shares |
3.430 |
0.000 |
0.000 |
|
|
Balance Carried to the
B/S |
7935.350 |
6117.220 |
4187.190 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
11053.720 |
9127.500 |
10658.610 |
|
|
Services rendered |
0.000 |
17.980 |
32.890 |
|
|
TOTAL EARNINGS |
11053.720 |
9145.480 |
10691.500 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2093.110 |
3335.970 |
2733.460 |
|
|
Components and Stores
parts |
0.000 |
96.830 |
141.770 |
|
|
Capital Goods |
182.460 |
108.270 |
182.250 |
|
|
TOTAL IMPORTS |
2275.570 |
3541.070 |
3057.480 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
15.22 |
15.54 |
25.37 |
|
|
Diluted |
15.22 |
15.46 |
25.23 |
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 flow from (used in) operations |
5460.960 |
5910.860 |
3968.440 |
|
Net cash flows from (used in) operating activities |
4108.240 |
4486.250 |
2458.610 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
40.51 |
43.81 |
58.35 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
9.01 |
8.33 |
6.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
107.85 |
91.00 |
54.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.92 |
0.91 |
1.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.46 |
0.83 |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.21 |
0.19 |
0.16 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.26 |
0.23 |
0.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.36 |
0.33 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
35.54 |
34.18 |
14.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
7.46 |
7.81 |
10.91 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.54 |
6.30 |
11.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.15 |
7.90 |
13.91 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.14 |
3.46 |
4.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.56 |
2.73 |
3.25 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.77 |
0.80 |
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) |
3.14 |
3.46 |
4.05 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
12485.550 |
12485.550 |
12416.900 |
|
Reserves & Surplus |
10155.240 |
11950.440 |
14013.380 |
|
Net
worth |
22640.790 |
24435.990 |
26430.280 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image022.gif)
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
|
28860.940 |
24699.300 |
25352.550 |
|
|
|
(14.420) |
2.645 |
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image024.gif)
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
|
28860.940 |
24699.300 |
25352.550 |
|
Profit |
3150.110 |
1930.030 |
1890.210 |
|
|
10.91% |
7.81% |
7.46% |
%20PRIVATE%20LIMITED%20%20-%20492561%2020-Feb-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12416.900 |
12485.550 |
|
(b) Reserves &
Surplus |
|
14852.960 |
12470.210 |
|
(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) |
|
27269.860 |
24955.760 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
344.710 |
342.200 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
350.060 |
169.090 |
|
Total Non-current
Liabilities (3) |
|
694.770 |
511.290 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
5251.880 |
4371.900 |
|
(c) Other current
liabilities |
|
967.010 |
901.280 |
|
(d) Short-term provisions |
|
783.820 |
398.270 |
|
Total Current Liabilities
(4) |
|
7002.710 |
5671.450 |
|
|
|
|
|
|
TOTAL |
|
34967.340 |
31138.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5256.960 |
5320.130 |
|
(ii) Intangible Assets |
|
225.810 |
345.530 |
|
(iii) Capital
work-in-progress |
|
2764.160 |
1513.140 |
|
(iv) Intangible assets
under development |
|
1176.760 |
987.440 |
|
(b) Non-current
Investments |
|
3095.610 |
2775.800 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
450.450 |
546.050 |
|
(e) Other Non-current
assets |
|
35.420 |
16.040 |
|
Total Non-Current Assets |
|
13005.170 |
11504.130 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4028.180 |
4149.640 |
|
(c) Trade receivables |
|
2813.700 |
2964.480 |
|
(d) Cash and cash
equivalents |
|
13803.890 |
10990.540 |
|
(e) Short-term loans and
advances |
|
812.270 |
1271.270 |
|
(f) Other current assets |
|
504.130 |
258.440 |
|
Total Current Assets |
|
21962.170 |
19634.370 |
|
|
|
|
|
|
TOTAL |
|
34967.340 |
31138.500 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
23372.380 |
28860.940 |
|
|
Other Income |
|
1521.590 |
1648.200 |
|
|
TOTAL |
|
24893.970 |
30509.140 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
16151.160 |
19844.260 |
|
|
Purchases of
Stock-in-Trade |
|
233.480 |
345.170 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
234.030 |
88.410 |
|
|
Employees benefits
expense |
|
1794.240 |
1489.370 |
|
|
Other expenses |
|
2716.190 |
2989.050 |
|
|
TOTAL |
|
21129.100 |
24756.260 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
3764.870 |
5752.880 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
110.160 |
393.140 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
3654.710 |
5359.740 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
781.480 |
684.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
2873.230 |
4675.040 |
|
|
|
|
|
|
|
Less |
TAX |
|
943.210 |
1524.930 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
1930.020 |
3150.110 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
15.54 |
25.37 |
|
|
Diluted |
|
15.46 |
25.23 |
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 |
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 |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION: [As On 31.03.2016]
Subject is a private limited company domiciled in India. The Company is primarily engaged in the business of manufacture and sale of tractors and components, spare parts and other allied agricultural equipment. The name of the Company has been changed from ‘New Holland Fiat (India) Private Limited’ to ‘CNH Industrial (India) Private Limited’ with effect from August12, 2016. A fresh certificate of incorporation has been obtained to this effect
FINANCIAL HIGHLIGHTS:
[As On 31.03.2016]
The total revenue (net of excise) was INR 26710.870 million as against INR 26045.150 million in the previous year showing an increase of 2.56 per cent. Sale of domestic units in Tractors was 21694 units as compared to 22565 units in the previous year showing an decrease of 3.86 per cent. Total number of tractors exported was 10346 units as compared to 8712 units in the previous year showing an increase of 18.75 percent. Profit before tax (PBT) was INR 2821.330 million as against INR 2873.230 million showing a decrease of 1.81per cent and profit after tax (PAT) stood at INR 1890.210 million against INR 1930.030 million in the previous year showing decrease of 2.06 percent.
Basic and Diluted Earning per Share for 2016 was 15.22% each against 15.54% and 15.46% respectively in 2015.
STATE OF COMPANY
AFFAIRS:- [As On 31.03.2016]
New Holland Agriculture Brand began its operations in India in 1998 with the launch of its first 70 HP tractor in the Indian market. New Holland Agriculture brand offers a technologically superior range of 35 HP to 90 HP tractors in India. Spread across 60 acres, Company’s state-of-the-art manufacturing plant at Greater Noida is one of the most advanced in the country and the first tractor plant to receive ISO 9001:2008 certification for quality. Tractors manufactures at this plant are exported to about 70 countries, especially in Africa and South America. In addition, company also exports sub-assemblies and components manufactured in the plant to other CNH Industrial subsidiaries worldwide.
New Holland Agriculture brand also provides Sales and Service support for Sugarcane Harvesters of CASE IH brand, which is also a part of CNH Industrial. New Holland Agriculture is the only multinational Brand in India to offer complete Farm Mechanization Solutions that include the most technologically advanced products like Rakes, Balers, Rotavators, Pneumatic Planters, Boom Sprayers, and Mowers. Pursuant to change in
shareholding from FCA Group (Fiat) to CNH Industrial N.V globally, name of the company was changed from New Holland Fiat (India) Private limited to CNH Industrial (India) private limited with effect from August 12th 2016 and Certificate of Incorporation was received from Registrar of Companies.
Company is expanding its manufacturing operations and is significantly investing in its new upcoming manufacturing facility at Pune, Maharashtra which will start in operations in the year 2017.
INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
Tangible Assets
· Land
· Building
· Plant and equipment
· Furniture and Fixture
· Vehicles
·
Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 80.17 |
|
Euro |
1 |
INR 90.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
GEET |
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.