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%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
493978 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CASE NEW HOLLAND CONSTRUCTION EQUIPMENT (INDIA) PRIVATE LIMITED
(w.e.f. 16.05.2011) |
|
|
|
|
Formerly Known
As : |
L & T-CASE EQUIPMENT PRIVATE LIMITED (w.e.f. 13.12.2001) L & T-CASE EQUIPMENT LIMITED (w.e.f. 08.10.1999) L & T-CASE EQUIPMENT PRIVATE LIMITED (w.e.f. 24.09.1999) L & T -CASE INDUTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B 1-207, 2nd Floor, Boomerang, Chandivali, Farm Road, Near Chandivali
Studio, Andheri (East), Mumbai – 400072, Mumbai City, Maharashtra |
|
Tel. No.: |
91-22-30007700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2016 |
|
|
|
|
Date of
Incorporation : |
20.11.1998 |
|
|
|
|
Com. Reg. No.: |
11-117183 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 240.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29240MH1998PTC117183 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0399061118 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4176B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture of earth-moving machinery (bulldozers,
angle-dozers, graders, scrapers, levellers, mechanical shovels, shovel
loaders, off-road dumping trucks etc.). [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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998. “CNH Industrial
America LLC, United States” and “CNH Industrial (India) Private Limited,
India” hold 50:50 stake in the company.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Bank Facilities AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
31.10.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Bank Facilities A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
31.10.2017 |
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 24.02.2018
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 (91-22-30007700)
91-22-67525758 (Ringing)
LOCATIONS
|
Registered Office : |
B 1-207, 2nd Floor, Boomerang, Chandivali, Farm Road, Near Chandivali
Studio, Andheri (East), Mumbai – 400072, Mumbai City, Maharashtra, India |
|
Tel. No.: |
91-22-30007700 |
|
Fax No.: |
91-22-30007709 |
|
E-Mail : |
|
|
Website: |
|
|
Location: |
Leased |
|
Locality: |
Commercial |
|
|
|
|
Factory: |
Plot No.157, Industrial Area III, Pithampur, Dhar – 454774, Madhya
Pradesh, India |
|
Location: |
Owned |
|
|
|
|
Corporate Office : |
2nd Floor, VIOM Networks Tower, Plot No. 14A, Sector – 18,
Gurugram – 122015, Haryana, India |
|
Tel. No.: |
91-124-6659102 |
|
Location: |
Leased |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Abhijit Gupta |
|
Designation : |
Managing Director |
|
Address : |
04-02-2, 2nd Floor, Tower 04, ATS One Hamlet, Sector -104, District Gautam Budh Nagar, Noida-201304, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.10.1963 |
|
Qualification : |
BE , M.Tech |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
03494017 |
|
|
|
|
Name : |
Raunak Varma |
|
Designation : |
Director |
|
Address : |
B-1/1066, Vasant Kung, Delhi -110070, India |
|
Date of Birth/Age : |
28.09.1972 |
|
Date of Appointment : |
02.09.2015 |
|
Qualification : |
B.Com, CPA |
|
DIN No.: |
07234008 |
|
|
|
|
Name : |
Stefano Pampalone |
|
Designation : |
Director |
|
Address : |
Via Paradiso 2, 6964 Sorengo, Lugano, NA, Switzerland |
|
Date of Birth/Age : |
09.11.1967 |
|
Qualification : |
MBA, Graduate in Mechanical Engineering |
|
Date of Appointment : |
15.12.2011 |
|
DIN No.: |
02784982 |
|
|
|
|
Name : |
Damiano Cretarola |
|
Designation : |
Director |
|
Address : |
Belvedere Road No. 15, Davesco-Soragno, Switzerland, Switzerland, 6964, Switzerland |
|
Date of Birth/Age : |
23.12.1969 |
|
Date of Appointment : |
13.02.2014 |
|
Qualification : |
Degree in Business Economics from University of Fribourg federal Diploma as Certified public Accountant from the " Akademei Fur Wirtschaftsprufung of Zurich" |
|
DIN No.: |
06711790 |
|
|
|
|
Name : |
Gabriele Lucano |
|
Designation : |
Director |
|
Address : |
Plot No.3, Udyog Kendra Greater, Noida-201306, Uttar Pradesh, India |
|
Date of Birth/Age : |
19.11.1973 |
|
Date of Appointment : |
02.11.2015 |
|
Qualification : |
Technical Course
- BR, Economics, Finance, Administration, MBA – Business Management and Administration, Mechanical
Engineering, Graduate Engineer in Industrial Automation & Robotics |
|
DIN No.: |
07329684 |
|
|
|
|
Name : |
Neil Arthur Woodfin |
|
Designation : |
Director |
|
Address : |
Residenza Gemma Via Al Loco Lugaggia 6953 Switzerland |
|
Date of Appointment : |
09.03.2017 |
|
DIN No.: |
07760238 |
KEY EXECUTIVES
|
Name : |
Nooman Akhter |
|
|
Designation : |
Company Secretary |
|
|
Address : |
80/3, Meethapur Extension, Masjid Gali Durga Builder,
Badarpur, New Delhi -110044, India |
|
|
Date of Appointment : |
25.09.2017 |
|
|
PAN No.: |
CMDPA0823N |
|
|
|
|
|
|
Board Committee: |
|
|
|
@ Resigned w.e.f. 11.01.2016 $ Appointed w.e.f. 11.01.2016 # Appointed w.e.f. 14.09.2016 |
||
MAJOR SHAREHOLDERS
AS ON 31.12.2016
|
Names of Shareholders |
No. of Shares |
Percentage |
|
CNH Industrial America LLC, United States |
12005000 |
50.00 |
|
CNH Industrial (India) Private Limited, India |
12005000 |
50.00 |
|
Total |
24010000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image006.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 27.03.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of earth-moving machinery (bulldozers,
angle-dozers, graders, scrapers, levellers, mechanical shovels, shovel
loaders, off-road dumping trucks etc.). [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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Exports : |
Not Divulged |
||||
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||||
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Imports : |
Not Divulged |
||||
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|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountant |
|
Address : |
Golf View, Corporate Towe r -B, Sector-42, Road, Gurgugram-122002, Haryana, India |
|
Reg. No..: |
301003E/E300005 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9180N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others related
party: |
|
CAPITAL STRUCTURE
AS ON 27.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 10/- each |
INR 300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24010000 |
Equity Shares |
INR 10/- each |
INR 240.100 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 |
240.100 |
240.100 |
240.100 |
|
(b) Reserves and Surplus |
2617.807 |
1978.163 |
1509.690 |
|
(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) |
2857.907 |
2218.263 |
1749.790 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
16.632 |
24.118 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
102.742 |
63.504 |
55.209 |
|
Total Non-current
Liabilities (3) |
119.374 |
87.622 |
55.209 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
5.610 |
0.556 |
128.643 |
|
(b) Trade
payables |
2095.396 |
1337.271 |
783.235 |
|
(c) Other
current liabilities |
210.155 |
236.603 |
159.300 |
|
(d) Short-term
provisions |
53.290 |
73.814 |
111.511 |
|
Total Current
Liabilities (4) |
2364.451 |
1648.244 |
1182.689 |
|
|
|
|
|
|
TOTAL |
5341.732 |
3954.129 |
2987.688 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
550.838 |
536.776 |
564.351 |
|
(ii)
Intangible Assets |
37.520 |
34.492 |
36.114 |
|
(iii) Tangible assets
capital work-in-progress |
18.869 |
4.617 |
0.155 |
|
(iv)
Intangible assets under development |
34.348 |
18.427 |
1.681 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.698 |
|
(d)
Long-term loans and advances |
52.277 |
30.788 |
17.378 |
|
(e) Other
Non-current assets |
57.967 |
68.569 |
45.910 |
|
Total Non-Current
Assets |
751.819 |
693.669 |
666.287 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1887.487 |
1346.351 |
1038.366 |
|
(c) Trade
receivables |
1429.756 |
1018.473 |
1084.682 |
|
(d) Cash and
bank balances |
979.824 |
709.464 |
4.015 |
|
(e)
Short-term loans and advances |
224.816 |
166.205 |
194.338 |
|
(f) Other
current assets |
68.030 |
19.967 |
0.000 |
|
Total
Current Assets |
4589.913 |
3260.460 |
2321.401 |
|
|
|
|
|
|
TOTAL |
5341.732 |
3954.129 |
2987.688 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Income |
8358.918 |
6570.598 |
5326.476 |
|
|
Other Income |
88.412 |
73.280 |
60.374 |
|
|
TOTAL |
8447.330 |
6643.878 |
5386.850 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4829.230 |
4297.824 |
3899.450 |
|
|
Purchases of
Stock-in-Trade |
1148.979 |
331.022 |
17.796 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(381.676) |
(234.094) |
(209.186) |
|
|
Employee benefit expense |
526.392 |
446.752 |
394.326 |
|
|
Other expenses |
1193.801 |
959.130 |
920.371 |
|
|
TOTAL |
7316.726 |
5800.634 |
5022.757 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1130.604 |
843.244 |
364.093 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
73.178 |
26.495 |
17.519 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1057.426 |
816.749 |
346.574 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
105.537 |
98.203 |
78.118 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
951.889 |
718.546 |
268.456 |
|
|
|
|
|
|
|
Less |
TAX |
312.246 |
250.072 |
91.306 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
639.643 |
468.474 |
177.150 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1908.160 |
1439.690 |
NA |
|
|
|
|
|
|
|
|
General
reserve( Balance b/f from last year) |
70.000 |
70.000 |
NA |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
2617.810 |
1978.160 |
NA |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1362.953 |
1320.392 |
738.165 |
|
|
TOTAL EARNINGS |
1362.953 |
1320.392 |
738.165 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
416.152 |
366.049 |
316.537 |
|
|
Components and spare
parts |
880.466 |
305.523 |
48.020 |
|
|
Capital Goods |
11.693 |
9.500 |
31.448 |
|
|
TOTAL IMPORTS |
1308.311 |
681.072 |
396.005 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
26.64 |
19.51 |
7.38 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.2.2016 |
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 |
800.394 |
1109.426 |
262.406 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
451.146 |
890.786 |
194.781 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.2.2016 |
31.12.2015 |
31.12.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
62.43 |
56.58 |
74.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.85 |
6.45 |
4.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
127.93 |
105.45 |
72.98 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.60 |
0.63 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.76 |
1.42 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.2.2016 |
31.12.2015 |
31.12.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.42 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.83 |
0.74 |
0.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.27 |
0.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
15.45 |
31.83 |
20.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.2.2016 |
31.12.2015 |
31.12.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.65 |
7.13 |
3.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.97 |
11.85 |
5.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.38 |
21.12 |
10.12 |
SOLVENCY RATIOS
|
PARTICULARS |
31.2.2016 |
31.12.2015 |
31.12.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.94 |
1.98 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.14 |
1.16 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.54 |
0.56 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.02 |
0.00 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.94 |
1.98 |
1.96 |
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 |
240.100 |
240.100 |
240.100 |
|
Reserves & Surplus |
1509.690 |
1978.163 |
2617.807 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1749.790 |
2218.263 |
2857.907 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
128.643 |
0.556 |
5.610 |
|
Total
borrowings |
128.643 |
0.556 |
5.610 |
|
Debt/Equity
ratio |
0.074 |
0.000 |
0.002 |
%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image007.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 |
5326.476 |
6570.598 |
8358.918 |
|
|
|
23.357 |
27.217 |
%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image008.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 |
5326.476 |
6570.598 |
8358.918 |
|
Profit/ (Loss) |
177.150 |
468.474 |
639.643 |
|
|
3.33
% |
7.13
% |
7.65
% |
%20PRIVATE%20LIMITED%20-%20493978_MIRA%2024-Feb-2018_files/image009.gif)
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 |
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 |
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 |
CORPORATE
INFORMATION
Subject is a private limited company, domiciled in India. The Company is primarily engaged in the business of manufacture and sale of earth moving equipments. The Company manufactures Backhoe Loaders and Vibratory Compactors. The Company is jointly owned (fifty percent each) by CNH Industrial America LLC and CNH Industrial (India) Private Limited (Formerly known as New Holland Fiat (India) Private Limited).
FINANCIAL
HIGHLIGHTS:-
The total revenue (net of excise) was INR 8447.330 Million as against INR 6643.880 Million in the previous year showing an increase of 27.14 per cent. Sale of units in the domestic market was 2899 units as compared to 2409 units in the previous year showing an increase of 20.34 per cent.
Total number of units exported was 849 units as compared to 666 units in the previous year showing an increase of 7.60 percent.
Profit before tax (PBT) was INR 951.890 Million as against INR 718.550 Million showing an increase of 32.47 per cent and profit after tax (PAT) stood at 639.64 Million INR against INR 468.470 Million in the previous year showing an increase of 36.53 per cent.
Basic and Diluted Earning Per Share for 2016 is 26.64% each against 19.51% 2015.
STATE OF COMPANY
AFFAIRS:-
CASE Construction is present in India since 1998, earlier as a technology provider, then as a joint venture partner of an Indian company, and finally as a wholly owned subsidiary of CNH Industrial. CASE India has consistently remained a market leader in the Vibratory Compactor segment and the only company to have sold over 8,500 units in India. With more than 22,000 Loader Backhoes and 100 Motor Graders sold in the country, CASE India is a Top Tier player in these product segments.
Construction equipments are sold under the New Holland Construction and Case Construction Equipment brands. The Pithampur (Indore) manufacturing facilities of the company have been awarded various ISO Certificates and aggressively drives health, safety and equality initiatives. Some of the ISO Certificates receives are ISO 9001-2001, ISO 14001 and OHSAS 10001.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G12459442 |
10410458 |
HDFC BANK LIMITED |
04/02/2013 |
- |
02/09/2016 |
750000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
B66728403 |
10026808 |
BANK OF BARODA |
08/11/2006 |
25/04/2011 |
31/12/2012 |
750000000.0 |
SIYAGANJ BRANCH, 15-16
JAWAHAR MARG,OLD IDA BUILDING, GROUND FLOOR,INDOREMP452007IN |
|
3 |
A35944784 |
90153666 |
BANK OF BARODA |
18/11/1999 |
19/05/2004 |
16/04/2008 |
374000000.0 |
SIYAGANJ BRANCH
INDOREINDOREMPIN |
|
4 |
A35944180 |
90152553 |
BANK OF BARODA |
28/03/2000 |
24/05/2004 |
16/04/2008 |
374000000.0 |
SIYAGANJ
BRANCHINDOREMPIN |
|
5 |
A35944438 |
90153664 |
BANK OF BARODA |
16/11/1999 |
28/06/2002 |
16/04/2008 |
194000000.0 |
SIYAGANJ
BRANCHINDOREMPIN |
|
6 |
A35929108 |
90154366 |
IDBI BANK LTD |
24/06/2004 |
- |
19/03/2008 |
70000000.0 |
ALANKAR CHAMBER;
A.B. RDINDOREMPIN |
|
7 |
A35944974 |
10025843 |
BANK OF BARODA |
08/11/2006 |
- |
19/03/2008 |
580000000.0 |
SUYAGANJ
BRANCH15-16 JAWAHAR MARG, IDA BUILDING, GROUND FLOOR,INDOREMP452007IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Office equipment
Intangible assets
- Computer software
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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
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.