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MIRA
INFORM REPORT
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Report No. : |
494771 |
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Report Date : |
28.02.2018 |
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Tel No.: |
91 20 26821502 |
IDENTIFICATION DETAILS
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Name : |
KIRLOSKAR CHILLERS PRIVATE LIMITED (w.e.f 16.09.2006) |
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Formerly Known
As : |
KIRLOSKAR MCQUAY PRIVATE LIMITED |
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Registered
Office : |
Office No. 104, 1st Floor, Tower P-3, Pentagon, Magarpatta
City, Hadapsar, Pune - 411028, Maharashtra, India |
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Tel. No.: |
91-22-66859800 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
29.12.1995 |
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Com. Reg. No.: |
11-095733 |
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Capital
Investment / Paid-up Capital : |
INR 11.400 Million |
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CIN No.: [Company Identification
No.] |
U29191PN1995PTC095733 |
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IEC No.: [Import-Export Code No.] |
3193003973 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCK1730B1Z6 |
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TIN No: |
27070000346 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK01042G |
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PAN No.: [Permanent Account No.] |
AABCK1730B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the manufacture
and selling of centrifugal and screw chillers. The Company also has a service
department which provides annual maintenance and comprehensive annual
maintenance contact service. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. The company is engaged in
manufacturing and selling of centrifugal and screw chillers. It is also a trader
of spare parts. As per the financial records of 2017, the company has achieved a fair
growth of 10.62% in its revenue as compared to the previous year’s revenue
and has reported a favourable profitability margin of 12.27%. The company possesses healthy financial position marked by above average
net worth base along with debt free balance sheet profile and comfortable
liquidity parameters. Rating takes into consideration the company’s satisfactory earnings per
share (EPS) of INR 97.90 as against its face value (FV) of INR 10. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term Loans (A) |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
10.11.2016 |
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Rating Agency Name |
CARE |
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Rating |
Short term Loans (A1) |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
10.11.2016 |
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 28.02.2018
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.: 91-22-66859800)
Given Number (91
20 26821502) has been changed
LOCATIONS
|
Registered / Corporate Office/ Head Office : |
Office No. 104, 1st Floor, Tower P-3, Pentagon, Magarpatta
City, Hadapsar, Pune - 411028, Maharashtra, India |
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Tel. No.: |
91-20-66859800/ 26899701 |
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Fax No.: |
91-20-66859802 |
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E-Mail : |
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Website : |
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Area : |
3500 Sq. ft. |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
Survey No.613, Taluka: Purandar, Saswad, District: Pune-412301,
Maharashtra, India |
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Tel. No.: |
91-20-66859800 |
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Fax No.: |
91-20-66859802 |
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E-Mail : |
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Area : |
20000 Sq. ft. (Building up Area) |
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Location : |
Owned |
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Locality : |
Industrial |
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Regional Offices 1: |
Block No. 104, Sri Sai Samarth Commercial Premises
Co-operative Society Limited, Sector 27/E, CTS No. 337/A, Deonar Village,
Mumbai-400088, Maharashtra, India |
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Tel. No.: |
91-22-40916200 |
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Fax No.: |
91-22-40916214 |
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E-Mail : |
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Regional Offices 2: |
No. 9, Akash Embassy Building, 1st Floor, 3rd Cross,
Gowthampuram, Artillery Road,Bengaluru-560008, Karnataka, India |
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Tel. No.: |
91-80-65659099,25547435/36 |
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Fax No.: |
91-20-66859802 |
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E-Mail : |
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Regional Offices 3: |
5C, Century Plaza, 560562, Anna Salai, Teynampet, Chennai - 600018, Tamilnadu, India |
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Tel. No.: |
91-44-24313576 |
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Fax No.: |
91-44-24311170 |
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E-Mail : |
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Regional Offices 4: |
Flat No 203/3, Sona Apartment, Kaushaya Park,Hauz Khas, New
Delhi - 110016, India |
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Tel. No.: |
91-11-26525971 |
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Fax No.: |
91-11-26480188 |
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E-Mail : |
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Regional Offices 5: |
Flat No. C-203, Zamrud Residency, No.6-3-901/1, Rajbhavan
Road, Somajiguda, Hyderabad-500082, Telangana, India |
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Tel. No.: |
91-40-66665503 |
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Fax No.: |
91-40-23260171 |
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E-Mail : |
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Regional Offices 7: |
C/o, Kirloskar Pneumatic Limited, 303, Samruddhi Building, Opposite Gujarat High Court, P.O. Navjeevan, Navarangpura, Ahmedabad-380014, Gujarat, India |
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E-Mail : |
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Regional Offices 8: |
Floor No 9, 15 Ganesh Chandra Avenue, Kolkata-700013, West Bengal, India |
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Tel. No.: |
91-33-22119080 |
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E-Mail : |
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Overseas Office : |
Located At:
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DIRECTORS
As on 31.03.2017
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Name : |
Mr. Avinash Vasudeo Manjul |
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Designation : |
Managing Director |
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Address : |
Flat NO.7, Ruchavarsha Apartments, 23, Mayur Colony, Pune - 411029,
Maharashtra, India |
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Date of Birth/Age : |
13.06.1965 |
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Date of Appointment : |
27.09.2010 |
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DIN No. : |
03246457 |
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Name : |
Mr. Aditya Kowshik |
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Designation : |
Director |
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Address : |
1102, Red Woods Marigold Premises, Kalyani Nagar, Wadgaon Sheri, Pune
- 411014, Maharashtra, India |
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Date of Birth/Age : |
17.05.1955 |
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Date of Appointment : |
29.09.2006 |
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DIN No. : |
00228983 |
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Name : |
Ms. Meghna Narayan |
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Designation : |
Director |
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Address : |
H. No.293-B, Park Place DLF Phase-5, Sector-54, Gurgaon – 122011,
Haryana, India |
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Date of Appointment : |
17.02.2015 |
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DIN No. : |
07074370 |
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Name : |
Mr. Sunil Shah Singh |
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Designation : |
Additional Director |
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Address : |
Flat A 501/502- Lyra Satellite Towers Co-Operative Housing Society Limited, Survey No. 81, Koregaon Park, Pune – 411036, Maharashtra, India |
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Date of Appointment : |
13.02.2016 |
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DIN No. : |
00233918 |
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Name : |
Ms. Aditi Atul Kirloskar |
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Designation : |
Additional Director |
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Address : |
Radha 453, Gokhale Road, Model Colony, Pune – 411016, Maharashtra, India |
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Date of Appointment : |
26.04.2016 |
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DIN No. : |
07480446 |
KEY EXECUTIVES
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Name : |
Chaitanya Jogdeo and Associates |
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Designation : |
Company Secretary |
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Address : |
E-1, Prakalp
Co-operative Society,
642/2/3, Behind Damodar
Society, Bibwewadi, Pune - 411037 |
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Mob. No: |
91-9890342243/ 9022757657 |
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Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Rahul Kirloskar |
305000 |
26.75 |
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Gautam Kirloskar |
305000 |
26.75 |
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Kirloskar Pneumatic Company Limited, India |
225000 |
19.74 |
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Atul Kirloskar |
305000 |
26.75 |
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Total |
1140000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 19.09.2017
|
Category |
Percentage |
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Promoters (Individual/Hindu Undivided Family – Indian) |
26.75 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
53.51 |
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Public/Other than promoters - Others |
19.84 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is primarily engaged in the manufacture
and selling of centrifugal and screw chillers. The Company also has a service
department which provides annual maintenance and comprehensive annual maintenance
contact service.
(Registered Activity) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Hospital
Hotels
Pharma
Power Gen
Commercial
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
S R B C and Company Chartered Accountants |
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Address : |
C-401, 4th Floor, Panchshil Tech Park, Yerwada, Near Don Bosco School,
Pune – 411006, Maharashtra, India |
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Tel. No.: |
91-20-66036000 |
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Fax No.: |
91-20-66015900 |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entities having significant influence over the company : |
Kirloskar Pneumatic Company Limited, India |
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Entities on which the individual having significant influence over the
company : |
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CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1140000 |
Equity Shares |
INR 10/- each |
INR 11.400 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
11.400 |
11.400 |
11.400 |
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(b) Reserves & Surplus |
427.309 |
316.047 |
281.885 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
438.709 |
327.447 |
293.285 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
1.877 |
3.753 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.408 |
1.305 |
1.171 |
|
(d) long-term
provisions |
3.374 |
3.475 |
4.115 |
|
Total Non-current
Liabilities (3) |
4.782 |
6.657 |
9.039 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
20.539 |
|
(b) Trade
payables |
168.424 |
155.018 |
127.487 |
|
(c) Other
current liabilities |
66.064 |
51.868 |
33.120 |
|
(d) Short-term
provisions |
24.340 |
26.458 |
43.333 |
|
Total Current
Liabilities (4) |
258.828 |
233.344 |
224.479 |
|
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TOTAL |
702.319 |
567.448 |
526.803 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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|
(i)
Tangible assets |
93.121 |
100.720 |
105.069 |
|
(ii)
Intangible Assets |
8.714 |
11.755 |
10.502 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
25.428 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
8.275 |
6.814 |
6.649 |
|
(d) Long-term Loan and Advances |
12.186 |
13.085 |
12.975 |
|
(e) Other
Non-current assets |
33.590 |
19.339 |
9.085 |
|
Total Non-Current
Assets |
181.314 |
151.718 |
144.285 |
|
|
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|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
77.570 |
92.442 |
142.142 |
|
(b)
Inventories |
134.716 |
83.221 |
89.241 |
|
(c) Trade
receivables |
255.079 |
205.924 |
110.870 |
|
(d) Cash and
cash equivalents |
21.769 |
17.002 |
19.880 |
|
(e)
Short-term loans and advances |
31.871 |
17.141 |
20.385 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
521.005 |
415.730 |
382.518 |
|
|
|
|
|
|
TOTAL |
702.319 |
567.448 |
526.803 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
909.592 |
822.245 |
712.568 |
|
|
Interest Income |
1.300 |
0.085 |
3.253 |
|
|
Other Income |
17.556 |
8.209 |
5.204 |
|
|
TOTAL |
928.448 |
830.539 |
721.025 |
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
504.750 |
451.415 |
380.099 |
|
|
Purchases of
Stock-in-Trade |
33.990 |
38.915 |
36.905 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13.276) |
8.233 |
38.234 |
|
|
Employees benefits
expense |
127.017 |
115.954 |
104.952 |
|
|
Other expenses |
91.122 |
87.055 |
81.508 |
|
|
TOTAL |
743.603 |
701.572 |
641.698 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
184.845 |
128.967 |
79.327 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.004 |
0.508 |
0.911 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
184.841 |
128.459 |
78.416 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.538 |
14.181 |
14.011 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
170.303 |
114.278 |
64.405 |
|
|
|
|
|
|
|
Less |
TAX |
58.699 |
38.832 |
14.408 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
111.604 |
75.446 |
49.997 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
31.837 |
42.031 |
54.882 |
|
|
TOTAL EARNINGS |
31.837 |
42.031 |
54.882 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
338.955 |
298.829 |
241.403 |
|
|
Chillers Parts and Spares |
14.860 |
10.152 |
9.406 |
|
|
Property, Plant and
Equipment |
0.234 |
0.000 |
0.535 |
|
|
TOTAL IMPORTS |
354.049 |
308.981 |
251.344 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
97.9 |
66.18 |
43.08 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.877 |
1.877 |
1.877 |
|
Cash generated from operations |
73.823 |
72.058 |
124.956 |
|
Net cash flow from operating activity |
14.552 |
38.213 |
103.509 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
102.36 |
91.41 |
56.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.57 |
3.99 |
6.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
114.11 |
115.39 |
111.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.37 |
1.55 |
0.89 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.82 |
1.15 |
0.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.37 |
0.42 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.01 |
0.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.59 |
0.71 |
0.77 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.23 |
0.34 |
0.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
46211.25 |
253.87 |
87.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
12.27 |
9.18 |
7.02 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.89 |
13.30 |
9.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
25.44 |
23.04 |
17.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.01 |
1.78 |
1.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.49 |
1.42 |
1.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.62 |
0.58 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.16 |
0.33 |
2.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.01 |
1.78 |
1.70 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
11.400 |
11.400 |
11.400 |
|
Reserves & Surplus |
281.885 |
316.047 |
427.309 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
293.285 |
327.447 |
438.709 |
|
|
|
|
|
|
long-term borrowings |
3.753 |
1.877 |
0.000 |
|
Short term borrowings |
20.539 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
1.877 |
1.877 |
1.877 |
|
Total
borrowings |
26.169 |
3.754 |
1.877 |
|
Debt/Equity
ratio |
0.089 |
0.011 |
0.004 |
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 |
712.568 |
822.245 |
909.592 |
|
|
|
15.392 |
10.623 |
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 |
712.568 |
822.245 |
909.592 |
|
Profit |
49.997 |
75.446 |
111.604 |
|
|
7.02% |
9.18% |
12.27% |
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 |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered address of the company has been shifted from post Box No.
1239, Hadapsar Industrial Estate, Pune – 411013, Maharashtra, India to the
present address w.e.f 06.10.2008
CORPORATE
INFORMATION
The Company is a Private Limited Company domiciled in India was
incorporated on December 29, 1995. The CIN U29191PN1995PTC095733. The Company
is primarily engaged in the manufacture and selling of centrifugal and screw
chillers. The Company also has a service department which provides annual
maintenance and comprehensive annual maintenance contact service.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
|
|
|
Deferred sales tax loan (Amount disclose under the head “other current liabilities”) |
0.000 |
1.877 |
|
Total |
0.000 |
1.877 |
Note:
Deferred sales tax represents an interest free amount availed under the
‘Scheme of Incentives 1993’ from the State Industrial and Investment
Corporation of Maharashtra Limited for deferral of sales tax liability. As per
the peovision of this scheme, the Company is required to repay the amount in 5
equal annual instalments starting from 1 April, 2013.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C54844436 |
10243388 |
Bank of India Pune Main Branch |
09/09/2010 |
27/03/2015 |
- |
180000000.0 |
8A Dr. Coyaji Road, Camp, Pune-411001, Maharashtra, India |
|
2 |
G31293640 |
90084853 |
CORPORATION BANK |
21/06/1998 |
- |
14/12/2016 |
36250000.0 |
GEN THIMMAYYA ROAD, CAMP, Pune-411001, Maharashtra, India |
|
3 |
G30632178 |
90084839 |
CORPORATION BANK |
01/06/1998 |
03/07/2007 |
14/12/2016 |
207500000.0 |
H-2406, EAST STREET, CAMP, Pune-411001, Maharashtra, India |
|
4 |
G31283542 |
90090716 |
CORPORATION BANK |
15/06/1998 |
08/05/1999 |
14/12/2016 |
36250000.0 |
GEN THIMMAYYA ROAD, CAMP, Pune-411001, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Various forms pending to be collected under Sales tax act against assessment |
40.522 |
34.857 |
|
Bank guarantees |
120.122 |
90.093 |
|
Sales tax demands which are disputed by the Company |
12.259 |
13.979 |
FIXED ASSETS
- Leasehold Improvement
- Office Building
- Factory Building
- Plant and Machinery
- Vehicle
- Furniture and Fixture
- Office Equipment
- Computers
- Computers 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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.