|
|
|
MIRA INFORM REPORT
|
Report No. : |
484922 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KOHLER INDIA CORPORATION PRIVATE LIMITED (w.e.f. 20.06.2005) |
|
|
|
|
Formerly Known
As : |
KOHLER POWER SYSTEMS AND SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
138/6, 6th
‘A’ Cross, 10th Main, Raj Mahal Vilas Extension, Sadashivnagar,
Bengaluru – 560 080, Karnataka |
|
Tel. No.: |
91-80-42867000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
20.09.1999 |
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|
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|
Com. Reg. No.: |
08-025725 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 9408.395 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101KA1999PTC025725 |
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|
|
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IEC No.: |
0799010022 |
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|
|
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GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKK02755E/
BLRK01504G |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCK2145E |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading, servicing, marketing of spare parts of generators
and manufacturing and trading of sanitary ware. [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)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Kohler Co.” based in USA. It
was incorporated in the year 1999 and is engaged in trading,
servicing, marketing of spare parts of generators and manufacturing and
trading of sanitary ware. As per the financials of March 2017, the company has registered a
growth of 20.06% in its revenue as compared to its previous year’s revenue
has incurred losses. Further, the company has reported continues negative profit margin in last
3 preceding years with 3.31%, 7.79% and 17.02% respectively but it has been
improved due healthy growth in its revenue during the year. Rating takes into consideration the company’s established track record
of business operations marked by acceptable financial risk profile along with
low solvency indicators and decent liquidity position. Rating also takes into account the company’s strong support financial
and managerial support received from its holding entity and experienced
management team. However, rating strength is partially offset by negative reserves of
the company. Payments are reported to be slow but correct. 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 06.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Mahendra |
|
Designation : |
Account Department |
|
Contact No.: |
91-80-42867000 |
Management Non-Cooperative (91-124-4319601)
LOCATIONS
|
Registered Office : |
138/6, 6th
‘A’ Cross, 10th Main, Raj Mahal Vilas Extension, Sadashivnagar,
Bengaluru – 560080, Karnataka, India |
|
Tel. No.: |
91-80-42867000 |
|
Fax No.: |
91-80-23615972 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office: |
Office No 701 and 702, 7th Floor, "Pentagon" Tower P-5, Magarpatta City, Hadapsar, Pune – 411013, Maharashtra, India |
|
Tel. No: |
91-20-6649 7101 |
|
|
|
|
Corporate Office : |
6th Floor, Office Tower, Ambience Island, NH-8, Gurugram – 122001,
Haryana, India |
|
Tel. No.: |
91-124-4319601 |
|
Fax No.: |
91-124-4319699 |
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|
|
|
Regional Office 1: |
Unit No.106, 1st Floor, Meadows Sahar Plaza, Andheri Kurla Road,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
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Regional Office 2: |
Unit No. 812, 8th Floor, KRISHNA, 224 AJC Bose Road, Kolkata – 700017, West Bengal, India |
|
Tel. No: |
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|
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Regional Office 3: |
SCO-9, Second Floor, Sector 15, Part II, Gurugram – 122001, Haryana, India |
|
Tel. No: |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Salil Sadanandan |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
602, B Beverly Park-I, M.G. Road, Gurugram – 122002, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
15.04.1966 |
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Qualification : |
PGDM |
||||||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||||||
|
DIN No.: |
05229638 |
||||||||||||
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PAN No.: |
AVBPS6451R |
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|
||||||||||||
|
Name : |
Thomas George Cromwell |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
W4050 Sumac Road, Plymouth, Wisconsin,
53073, United States of America |
||||||||||||
|
Date of Birth/Age : |
16.12.1968 |
||||||||||||
|
Qualification : |
Bachelor's Degree in Indus trial Technology and Management from the University of Winconsin-Platteville and Executive MBA from the university of Winconsin- Milwaukee |
||||||||||||
|
Date of Appointment : |
07.03.2015 |
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DIN No.: |
06456667 |
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Other
Directorship:
|
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|
||||||||||||
|
Name : |
Tamal Kanti Saha |
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|
Designation : |
Director |
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|
Address : |
Tower-3, Flat No- 1103, Malibu Town Sohna Road, Gurugram – 122101, Haryana, India |
||||||||||||
|
Date of Appointment : |
14.08.2017 |
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DIN No.: |
05201436 |
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|
||||||||||||
|
Name : |
Ms. Vandita Bhatta |
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|
Designation : |
Director |
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|
Address : |
H. No. E 902, Omaxe Grand Woods, Sector 93-B, Noida – 201304, Uttar Pradesh, India |
||||||||||||
|
Date of Appointment : |
06.07.2016 |
||||||||||||
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DIN No.: |
06930723 |
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|
||||||||||||
|
Name : |
James Mc Kee Robinson IV |
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|
Designation : |
Director |
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|
Address : |
9540 N Range Line Road River Hills Wi 53217 United States |
||||||||||||
|
Date of Appointment : |
23.06.2016 |
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DIN No.: |
06976602 |
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Other
Directorship:
|
|||||||||||||
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|
||||||||||||
|
Name : |
Mr. Pankaj Kumar Rai |
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|
Designation : |
Director |
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|
Address : |
1702/2, The Close (North) Nirvana Country, Sector-49, 50 and 57, Gurugram – 122018, Haryana, India |
||||||||||||
|
Date of Appointment : |
23.07.2016 |
||||||||||||
|
DIN No.: |
07574611 |
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KEY EXECUTIVES
|
Name : |
Ranjeet Pandey and Associates |
|
Designation : |
Company Secretary |
|
Address : |
A-308, Lower Ground Floor, Deference Colony, New Delhi – 110024, India
|
|
Tel No.: |
91-11-46074119 |
|
Mob. No.: |
91-9810558049 |
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Email: |
|
|
|
|
|
Name : |
Tanushree Ghildiyal |
|
Designation : |
Secretary |
|
Address : |
9/B New Road, Dehradun – 248001,
Uttarakhand, India |
|
Date of Birth/Age : |
05.01.1985 |
|
Qualification : |
C.S, L.L.B |
|
Date of Appointment : |
13.11.2014 |
|
PAN: |
ASVPG7048K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kohler Co., USA |
|
940839524 |
|
Suresh Kumar (Nominee of Kohler Co.) |
|
1 |
|
|
|
|
|
Total |
|
940839525 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading, servicing, marketing of spare parts of generators
and manufacturing and trading of sanitary ware. [Registered Activity] |
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Products : |
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||||
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Brand Names : |
Not Divulged |
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||||
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Agencies Held : |
Not Divulged |
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||||
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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 : |
Not Divulged |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building No. 8, 7th & 8th Floor, Tower-B, DLF Cybercity, Gurugram – 122002, Haryana, India |
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Kohler Company, United States |
|
|
|
|
Fellow subsidiaries
: |
· Kohler Asia Pacific Limited, China · Beijing Kohler Limited, China · Foshan Kohler Limited, China · Kohler Thailand Public Company Limited, Thailand · Kohler China Investment Company Limited, China · Kohler France S.A., France · Kohler Egypt – Sife, Egypt · Shanghai Kohler Limited, China · Kohler Singapore Pte. Limited, singapore · Lombardini India Private Limited, India (U74110MH2001PTC131781) · Societe Industrielle France Egypttiene, FRANCE · Kohler Mira Limited, United Kingdom · Kohler New Zealand, New Zealand · Changshu Kohler Limited, China · Nanchang Kohler Limited, China · Shanghai Kohler Electronics Limited, China · Zhuhai Kohler Kitchen and Bathroom, China · Kohler Sanimex, Mexico · SDMO Industries Serv. PR, France · Kohler Italia Kitchen and Bath, Italy · Mark David Inc., United States · Kohler EMEA Corporate Serv, United Arab Emirates · ZIBO Kohler, China · Zhongshan Kohler Shower Company Limited, China · Jacob Delafon Morocco, France · Kohler Gmbh, Germany · Kohler Australia Company, Australia · Kohler Middle East, United Arab Emirates · Flori Ceramica Ltda · Kohler Africa (PTY) Limited, South Africa · Changzhou Kohler Power Limited, China · Kohler Novita Limited, Korea · Kohler Productos Para Coz. Brazil |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
956000000 |
Equity Shares |
INR 10/- each |
INR 9560.000 Million |
|
105000000 |
Preference Shares |
INR 10/- each |
INR 1050.000 Million |
|
|
TOTAL |
|
INR 10610.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
940839525 |
Equity Shares |
INR 10/- each |
INR 9408.395 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 |
9408.395 |
9408.395 |
9408.395 |
|
(b) Reserves and Surplus |
(7250.452) |
(7018.232) |
(6563.835) |
|
(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) |
2157.943 |
2390.163 |
2844.560 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
152.894 |
110.013 |
72.595 |
|
Total Non-current
Liabilities (3) |
152.894 |
110.013 |
72.595 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1912.961 |
1533.748 |
899.728 |
|
(b) Trade
payables |
840.983 |
612.329 |
492.249 |
|
(c) Other
current liabilities |
227.451 |
204.590 |
172.358 |
|
(d) Short-term
provisions |
72.816 |
45.270 |
30.605 |
|
Total Current
Liabilities (4) |
3054.211 |
2395.937 |
1594.940 |
|
|
|
|
|
|
TOTAL |
5365.048 |
4896.113 |
4512.095 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2168.314 |
2269.877 |
2376.315 |
|
(ii)
Intangible Assets |
22.219 |
4.023 |
5.974 |
|
(iii) Tangible assets
capital work-in-progress |
92.324 |
35.828 |
145.837 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.104 |
1.104 |
1.104 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
404.641 |
278.756 |
231.208 |
|
(e) Other
Non-current assets |
0.622 |
0.561 |
0.543 |
|
Total Non-Current
Assets |
2689.224 |
2590.149 |
2760.981 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1613.040 |
1408.629 |
1163.871 |
|
(c) Trade
receivables |
636.441 |
543.809 |
285.893 |
|
(d) Cash and
bank balances |
85.637 |
58.223 |
71.208 |
|
(e)
Short-term loans and advances |
320.281 |
292.562 |
227.523 |
|
(f) Other
current assets |
20.425 |
2.741 |
2.619 |
|
Total
Current Assets |
2675.824 |
2305.964 |
1751.114 |
|
|
|
|
|
|
TOTAL |
5365.048 |
4896.113 |
4512.095 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7006.886 |
5836.267 |
4462.888 |
|
|
Other Income |
40.129 |
15.854 |
31.589 |
|
|
TOTAL |
7047.015 |
5852.121 |
4494.477 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1618.086 |
1472.984 |
1034.704 |
|
|
Purchases of
Stock-in-Trade |
1601.704 |
1340.074 |
1075.557 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(180.310) |
(254.428) |
16.168 |
|
|
Employee benefit expense |
1472.344 |
1166.585 |
961.786 |
|
|
Other expenses |
2301.405 |
2111.807 |
1564.224 |
|
|
TOTAL |
6813.229 |
5837.022 |
4652.439 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
233.786 |
15.099 |
(157.962) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.316 |
49.382 |
47.797 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
168.470 |
(34.283) |
(205.759) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
400.689 |
420.114 |
553.842 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(232.219) |
(454.397) |
(759.601) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(232.219) |
(454.397) |
(759.601) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2490.795 |
1992.071 |
1152.214 |
|
|
TOTAL EARNINGS |
2490.795 |
1992.071 |
1152.214 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
610.416 |
609.081 |
470.011 |
|
|
Components and spare
parts |
1006.013 |
736.561 |
700.217 |
|
|
Capital Goods |
83.469 |
59.473 |
78.808 |
|
|
TOTAL IMPORTS |
1699.899 |
1405.114 |
1249.036 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.25) |
(0.48) |
(0.78) |
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 |
106.903 |
(381.325) |
(144.301) |
|
Net cash flows from (used in) operating activities |
73.842 |
(396.347) |
(159.452) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
33.15 |
34.01 |
23.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.01 |
10.73 |
15.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
95.34 |
79.45 |
85.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.14 |
0.01 |
(0.14) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.10 |
0.01 |
(0.06) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.49 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.89 |
0.64 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.42 |
1.00 |
0.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.06 |
0.97 |
0.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.58 |
0.31 |
(3.30) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
(3.31) |
(7.79) |
(17.02) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(4.33) |
(9.28) |
(16.83) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(10.76) |
(19.01) |
(26.70) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.88 |
0.96 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.35 |
0.37 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.49 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.20 |
0.16 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.88 |
0.96 |
1.10 |
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 |
9408.395 |
9408.395 |
9408.395 |
|
Reserves & Surplus |
(6563.835) |
(7018.232) |
(7250.452) |
|
Net worth |
2844.560 |
2390.163 |
2157.943 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
899.728 |
1533.748 |
1912.961 |
|
Total
borrowings |
899.728 |
1533.748 |
1912.961 |
|
Debt/Equity
ratio |
0.316 |
0.642 |
0.886 |
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 |
4462.888 |
5836.267 |
7006.886 |
|
|
|
30.773 |
20.058 |
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 |
4462.888 |
5836.267 |
7006.886 |
|
Profit/ (Loss) |
(759.601) |
(454.397) |
(232.219) |
|
|
(17.02
%) |
(7.79
%) |
(3.31
%) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION:
The Company was incorporated on September 20, 1999 for trading, servicing, marketing of spare parts of generators and manufacturing and trading of sanitary ware.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Foreign currency term loans from others |
674.943 |
793.308 |
|
Working capital loans from banks |
0.000 |
300.000 |
|
Other loans and advances |
1238.018 |
440.440 |
|
|
|
|
|
Total |
1912.961 |
1533.748 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
·
Building
·
Computer and Peripherals
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
·
Leasehold Improvements
·
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 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
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.