|
|
|
MIRA INFORM REPORT
|
Report No. : |
493197 |
|
Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAIKA MOTORS PRIVATE LIMITED (w.e.f.
22.07.2015) |
|
|
|
|
Formerly Known
As : |
JAIKA MOTORS LIMITED |
|
|
|
|
Registered Office
: |
Jaika Building, Commercial Road, Civil Lines, Nagpur – 440001, Maharashtra |
|
Tel. No.: |
91-712-2642293 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.02.1992 |
|
|
|
|
Com. Reg. No.: |
11-065232 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50300MH1992PTC065232 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ4700D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Retail Trading of Automobiles (Passenger and Commercials) (Registered activity) |
|
|
|
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 790000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992. It is engaged in retail
trading of passenger and commercial vehicles and spare parts. For the financial year 2017, the company has achieved revenue growth
of 32.31% as compared to the previous year along with a low profit margin of
0.22%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt balance sheet profile. Rating continues to reflect the extensive experience of subject’s
promoters in the automobile dealership segment, and its strong market
position in the Vidarbha region (Maharashtra) as a key distributor of Tata
Motors Limited. These rating strengths are partially offset by its exposure to intense
competition. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: The company has changed its name from “Jaika Motors Limited” to
“Jaika Motors Private Limited” w.e.f.22nd July 2015. |
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Borrowing = BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
27.02.2017 |
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 23.02.2018
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.: 91-712-2642293 / 721-2510663 /
32510440 / 91-9011024036 / 9922427207
Tel. No.: 91-712-2520169 / 2526059 / 2529576 / 2534578 – Not Exist
Tel. No.: 91-712-3987600 – Not Working
LOCATIONS
|
Registered Office / Showrooms
1 : |
Jaika Building, Commercial Road, Civil Lines, Nagpur – 440001, Maharashtra,
India |
|
Tel. No.: |
91-712-2642293 / 3911100 / 6731125
/ 3911141 / 3911142 / 3911129 / 2526059 / 2520169 / 2529576 |
|
Fax No.: |
91-712-2523154 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Bodyshop 1 : |
Plot No. 5, M.I.D.C. Hingna Road, Nagpur - 440 028, Maharashtra, India |
|
Tel. No.: |
7104-234877 |
|
E-Mail : |
|
|
|
|
|
Bodyshop 2 : |
Badnera Road, Amravati - 444 601 |
|
Tel. No.: |
721-2510440 |
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Fax No.: |
721-2510755 |
|
E-Mail : |
|
|
|
|
|
Bodyshop 3 : |
Plot No. 3, Nagpur-Chandrapur Road, Chandrapur - 442 401 |
|
Tel. No.: |
7172-661122,661124 |
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E-Mail : |
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|
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Sales Division : |
Wanjra, Pilli Nadi, Kamptee Road, Nagpur - 440026, Maharashtra,
India |
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Showrooms: |
Also Located at:
|
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|
|
Workshops |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Prafulla Kashinath Kale |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.2, Vallabh Housing Society, Henssey Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.01.1953 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.COM |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.08.2003 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACKPK1687K |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00073775 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Usha Satish Kale |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.3, Vallabh Housing Society, Henssey Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.09.1952 |
||||||||||||||||||||||||||||||||||||||||
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Qualification : |
B.A. |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.01.2013 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00073784 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Deepali Prafulla Kale |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.2, Vallabh Housing Society, Henssey Road, Civil Lines, Nagpur 440001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1955 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.A. |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.09.2004 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADOPK0161B |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00073882 |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rohit Satish Kale |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.3, Vallabh Housing Society, Henssey Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.11.1973 |
||||||||||||||||||||||||||||||||||||||||
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Qualification : |
DIPLOMA |
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|
Date of Appointment : |
20.09.2004 |
||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ACQPK5764K |
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DIN No.: |
00073909 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Gautam Satish Kale |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.3, Vallabh Housing Society, Henssey Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
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Date of Birth/Age : |
03.10.1980 |
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Qualification : |
B.COM |
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Date of Appointment : |
29.09.2006 |
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PAN No.: |
AMHPK7173M |
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DIN No.: |
00073979 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kartik Prafulla Kale |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.2, Vallabh Housing Society, Henssey Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
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|
Date of Birth/Age : |
12.10.1984 |
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|
Qualification : |
B.COM |
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Date of Appointment : |
23.08.2003 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ANYPK7694M |
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DIN No.: |
00074007 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Rashmi Rohit Kale |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3 Vallabh Housing Society, Off Hennessy Road, Civil Lines, Nagpur – 440001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.12.1975 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBA |
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|
Date of Appointment : |
29.09.2007 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AMZPK3434H |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01191809 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Girish Prabhakar Badhe |
|
Designation : |
Chief Finance Officer |
|
Address : |
Plot No. 137, Reshimbagh, Nagpur - 440028, Maharashtra,
India |
|
Date of Appointment : |
06.12.2016 |
|
PAN No.: |
AHLPD8111F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Satish Kale |
|
12000 |
|
Prafulla Kashinath Kale |
|
65000 |
|
Mangala Kale |
|
6000 |
|
Usha Satish Kale |
|
58980 |
|
Rohit Satish Kale |
|
56710 |
|
Deepali Kale |
|
62990 |
|
Sharad Dhoble |
|
10 |
|
G.A. Padhye |
|
10 |
|
Ketan Motors Private Limited, India |
|
12500 |
|
Jaika Vehicle Trade Private Limited, India |
|
12500 |
|
Gautam Kale |
|
56800 |
|
Kartik Kale |
|
56500 |
|
Jaika Automobiles and Finance Private Limited, India |
|
32500 |
|
Central Avenue Trading Co. Private Limited, India |
|
17500 |
|
Total |
|
450000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
79.33 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
4.00 |
|
Public - Bodies corporate |
16.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retail Trading of Automobiles (Passenger and Commercials) (Registered activity) |
||||||
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|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
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Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Dewani and Company Chartered Accountants |
|
Address : |
5 Ajanta, Chhindwara Road , Nagpur-440013, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFD9345B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate: |
U34100MH1998PTC114047 |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
U74999MH1972PTC015774
U50100MH1981PTC025788
U65910MH1993PTC072040
U67200MH2003PTC141081
U51502MH1994PTC081114
U50300MH1995PTC095511
U51220MH1960PTC011651
U15130MH2004PTC144157 |
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 200.000
Million
Issued, Subscribed & Paid-up Capital : INR 91.500 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 100/- each |
INR 45.000
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 |
45.000 |
45.000 |
45.000 |
|
(b) Reserves and Surplus |
232.231 |
220.867 |
213.647 |
|
(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) |
277.231 |
265.867 |
258.647 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
319.140 |
317.630 |
193.517 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.226 |
0.226 |
0.636 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
319.366 |
317.856 |
194.153 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
553.746 |
679.546 |
796.281 |
|
(b) Trade
payables |
277.494 |
101.201 |
17.637 |
|
(c) Other
current liabilities |
226.163 |
156.912 |
80.784 |
|
(d) Short-term
provisions |
22.646 |
15.412 |
14.315 |
|
Total Current
Liabilities (4) |
1080.049 |
953.071 |
909.017 |
|
|
|
|
|
|
TOTAL |
1676.646 |
1536.794 |
1361.817 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
219.774 |
222.964 |
235.854 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.193 |
0.404 |
3.523 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.537 |
15.659 |
15.419 |
|
(c) Deferred tax assets (net) |
7.687 |
7.525 |
5.764 |
|
(d)
Long-term loans and advances |
4.162 |
3.720 |
3.684 |
|
(e) Other
Non-current assets |
103.934 |
88.610 |
53.717 |
|
Total Non-Current
Assets |
351.287 |
338.882 |
317.961 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
440.854 |
623.309 |
550.752 |
|
(c) Trade
receivables |
754.105 |
369.618 |
371.527 |
|
(d) Cash and
bank balances |
110.362 |
182.236 |
64.208 |
|
(e)
Short-term loans and advances |
40.239 |
43.897 |
75.858 |
|
(f) Other
current assets |
(20.201) |
(21.148) |
(18.489) |
|
Total
Current Assets |
1325.359 |
1197.912 |
1043.856 |
|
|
|
|
|
|
TOTAL |
1676.646 |
1536.794 |
1361.817 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5086.942 |
3844.636 |
3856.118 |
|
|
Other Income |
39.708 |
37.196 |
68.199 |
|
|
TOTAL |
5126.650 |
3881.832 |
3924.317 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
4457.030 |
3475.612 |
3386.090 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
179.012 |
(72.558) |
69.548 |
|
|
Employee benefit expense |
94.859 |
100.637 |
102.195 |
|
|
CSR expenditure |
0.000 |
0.000 |
0.000 |
|
|
Other expenses |
192.467 |
172.395 |
167.756 |
|
|
Prior period items before tax |
0.000 |
0.591 |
0.000 |
|
|
TOTAL |
4923.368 |
3676.677 |
3725.589 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
203.282 |
205.155 |
198.728 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
165.854 |
163.813 |
145.078 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.428 |
41.342 |
53.650 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.789 |
25.481 |
36.316 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
16.639 |
15.861 |
17.334 |
|
|
|
|
|
|
|
Less |
TAX |
5.275 |
8.641 |
1.061 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
11.364 |
7.220 |
16.273 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
25.25 |
16.05 |
36.16 |
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 |
232.550 |
286.602 |
160.310 |
|
Net cash flows from (used in) operating activities |
228.758 |
279.743 |
148.771 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
54.11 |
35.09 |
35.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.75 |
10.40 |
10.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
22.72 |
10.63 |
1.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.46 |
0.33 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.92 |
0.92 |
0.83 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.83 |
0.83 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.15 |
3.75 |
3.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.90 |
3.58 |
3.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.79 |
0.84 |
0.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.23 |
1.25 |
1.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.22 |
0.19 |
0.42 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.68 |
0.47 |
1.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.10 |
2.72 |
6.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.25 |
1.28 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.82 |
0.60 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.17 |
0.17 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
19.40 |
22.16 |
22.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.23 |
1.26 |
1.15 |
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 |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
213.647 |
220.867 |
232.231 |
|
Net
worth |
258.647 |
265.867 |
277.231 |
|
|
|
|
|
|
Long-term borrowings |
193.517 |
317.630 |
319.140 |
|
Short term borrowings |
796.281 |
679.546 |
553.746 |
|
Total
borrowings |
989.798 |
997.176 |
872.886 |
|
Debt/Equity
ratio |
3.827 |
3.751 |
3.149 |
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 |
3856.118 |
3844.636 |
5086.942 |
|
|
0.000 |
(0.298) |
32.313 |
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 |
3856.118 |
3844.636 |
5086.942 |
|
Profit/ (Loss) |
16.273 |
7.220 |
11.364 |
|
|
0.42
% |
0.19
% |
0.22
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
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 |
FINANCIAL RESULTS
& STATE OF COMPANY’S AFFAIRS
The company has made a profit of INR 11.364 Million [Previous year INR 7.220 Million] after tax during the year under review. The surge in the profit is due to increase in demand and better customer service despite increase in competitions and higher discounts. The Company is committed to better service, quality and customer satisfaction and hopeful of better future prospects in view of new products launchings in the coming years.
DEALERSHIP INDUSTRY
OUTLOOK AND FUTURE PROSPECTS
The Dealership in Motor Vehicles (industry) in India has become more promising as the domestic demand is on the rise. Increasing population and literacy rate, growth in GDP, improvement in manufacturing sector and lifestyle of individuals are expected to account for the growth in the dealership industry of India.
The automotive sector, comprising of the automobile and auto component sub sectors, is one of the key segments of the economy having extensive forward and backward linkages with other key segments of the economy. The automobile and automotive parts and components manufacturers constitute a major chunk of automotive industry throughout the world. Indian Automotive is one of the largest industries showing impressive growth over the years and has been significantly making increasing contribution to overall industrial development in the country.
India is considered is one of the most lucrative automobile markets in the world. As per industry forecasts, India is expected to be the worlds third largest automobile market by 2030. This confidence is based on strong sector fundamentals which include extremely low current levels of vehicle penetration in the country, projected high rate of GDP growth for the Indian economy, huge investments being made by the Government in infrastructure along with a very large upwardly mobile middle class population with aspirations for better living standards and hence Future prospect of Indian Automotive Sector is looking bright so as for the dealers.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
102.362 |
85.461 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
41.221 |
91.972 |
|
Loans repayable on demand |
111.739 |
133.978 |
|
Total |
255.322 |
311.411 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C77695666 |
10617300 |
TATA MOTORS FINANCE LIMITED |
23/10/2015 |
- |
- |
250000000.0 |
10th Floor, 106 A & B, Maker Chambers III,Nariman Point,MumbaiMH400021IN |
|
2 |
C65635096 |
10357640 |
UCO Bank |
05/05/2012 |
06/08/2015 |
- |
129800000.0 |
Sitabuldi Branch, Mahajan Market, SitabuldiNagpurMH440012IN |
|
3 |
C65633471 |
10357638 |
UCO Bank |
30/04/2012 |
07/09/2015 |
- |
129800000.0 |
Sitabuldi Branch, Mahajan Market, SitabuldiNagpurMH440012IN |
|
4 |
B20368221 |
10305905 |
TATA CAPITAL LIMITED |
25/08/2011 |
- |
- |
300000000.0 |
ONE FORBESDR V B GANDHI MARG,FORTMUMBAIMH400001IN |
|
5 |
B96919154 |
80023252 |
UCO Bank |
23/08/2002 |
08/01/2014 |
- |
352000000.0 |
MAHAJAN MARKETSITABULDINAGPURMH440012IN |
|
6 |
G04537411 |
10036523 |
UCO BANK |
13/12/2006 |
02/08/2007 |
27/05/2016 |
25000000.0 |
SITABULDI BRANCH,MAHAJAN MARKETNAGPURMH440012IN |
|
7 |
C79570602 |
10317829 |
Standard Chartered Bank |
04/03/2011 |
- |
17/02/2016 |
35000000.0 |
SME Credit, 23-25, M G RoadFortMumbaiMH400001IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 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 65.04 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.