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|
|
MIRA INFORM REPORT
|
Report No. : |
487262 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANAND NVH PRODUCTS PRIVATE LIMITED [w.e.f.30.04.2002] |
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Formerly Known
As : |
AMP INTERNATIONAL PRIVATE LIMITED [w.e.f.02.12.1996] AMP MOULDING PRIVATE LIMITED |
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Registered
Office : |
F – 3/5, Vasant Vihar, New Delhi – 110057 |
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Tel. No.: |
91-124-4030580 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
07.06.1988 |
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Com. Reg. No.: |
55-031984 |
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Capital
Investment / Paid-up Capital : |
INR 14.200 Million |
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|
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CIN No.: [Company Identification
No.] |
U74899DL1988PTC031984 |
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IEC No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECA0297J |
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GST No.: |
07AAECA0297J1ZM |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Rubber to Metal Bonded Automotive Components. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
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 1830860 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1988 and it
is having satisfactory track. Management of the company has not filed its financials of 2017 with
government department. For the financial year 2016, the company has registered decrease in
its revenue from operational and maintained decent profitability margin of
4.93%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also reflects from company’s established track record
of business operations. However, rating strength is partially offset by declined in the
revenue as well as profitability profile during the year. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. 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 23.01.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-124-4030580]
LOCATIONS
|
Registered Office : |
F – 3/5, Vasant Vihar, New Delhi – 110057, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Admin Office/ Factory : |
39 KM Stone, N H – 8, Begumpur Khatola Industrial Area, Sector 35,
Gurgaon - 122001, Haryana, India |
|
Tel. No.: |
91-124-4030580 |
|
Fax No.: |
91-124-4030585 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Bhupinder Singh Anand |
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Designation : |
Director |
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Address : |
E-7, Pushpanjali Farms Bijwasan, New Delhi-110061, India |
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Date of Birth/Age : |
09.08.1973 |
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Qualification : |
B.A |
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Date of Appointment : |
06.01.1997 |
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PAN No.: |
AAJPA1189R |
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DIN No.: |
00025211 |
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Name : |
Mr. Kanwar Deep Anand |
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Designation : |
Director |
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Address : |
F-3/5 Vasant Vihar, New Delhi-110057, India |
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Date of Birth/Age : |
04.08.1972 |
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Qualification : |
B.Com |
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Date of Appointment : |
06.01.1997 |
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PAN No.: |
AAEPA8811H |
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DIN No.: |
00025235 |
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|||||||||||||||||||||||||||||||
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Name : |
Mr. Savneet Anand |
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Designation : |
Director |
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Address : |
F-3/5, Vasant Vihar, New Delhi-110057, India |
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Date of Birth/Age : |
27.12.1971 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.04.2003 |
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DIN No.: |
00208319 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Public/Other than promoters – Individual/ Hindu Undivided Family – Indian |
5.08 |
|
Public/Other than promoters – Foreign national (other than NRI) |
7.77 |
|
Public/Other than promoters - Foreign institutional investors |
34.93 |
|
Public/Other than promoters - Body Corporate |
20.30 |
|
Public/Other than promoters – Others - Director and Relative |
31.92 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rubber to Metal Bonded Automotive Components. [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
Ashok Leyland ·
Audi ·
Volvo ·
Ford ·
GM ·
Magna ·
Scania ·
JBM ·
TRW, etc. |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Axis Bank Limited Trishul, 3rd Floor, Opposite Samartheshwar Temple Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India · HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), mumbai-400013, Maharashtra, India · Syndicate Bank I P Estate, 4, BSZ Marg, New Delhi-110002, India |
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Facilities : |
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Auditors : |
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Name : |
S. P. Nagrath and Company LLP Chartered Accountants |
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Address : |
A-380 Defence Colony, New Delhi-110024, India |
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PAN No.: |
AAAFS6635B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· Kromex International Private Limited [U34300DL1997PTC090934] · ZF Anand NVH Products Private Limited [U25200DL2008PTC175179] · Anand Motor Products Private Limited [U25199DL1998PTC097260] · Niamat Estates Private Limited [U45201DL2005PTC135958] · AMP Motors Private Limited [U34103DL2009PTC195418] ·
Anand Industrial Products Private Limited
[U25199DL2003PTC119110] |
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|
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Subsidiary
company : |
Sai Sahiba Private Limited [U74899DL1994PTC057283] |
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|
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Subsidiary
Foreign company : |
Anand NVH Products Inc. |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290000 |
Equity Shares |
INR 100/- each |
INR 29.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
224000 |
Equity Shares |
INR 100/- each |
INR 22.400
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
124000 |
Equity Shares [Fully Paid Up] |
INR 100/- each |
INR 12.400
Million |
|
100000 |
Equity Shares [Not Fully Paid Up] |
|
INR 1.800
Million |
|
|
|
|
|
|
|
Total |
|
INR 14.200 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.200 |
13.200 |
13.200 |
|
(b) Reserves and Surplus |
626.601 |
575.777 |
507.255 |
|
(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) |
640.801 |
588.977 |
520.455 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
230.182 |
341.599 |
426.537 |
|
(b) Deferred tax liabilities (Net) |
13.535 |
16.196 |
18.938 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.917 |
6.375 |
4.647 |
|
Total Non-current
Liabilities (3) |
252.634 |
364.170 |
450.122 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
242.998 |
308.923 |
240.239 |
|
(b) Trade
payables |
104.183 |
64.201 |
127.141 |
|
(c) Other
current liabilities |
112.892 |
122.630 |
111.723 |
|
(d) Short-term
provisions |
3.077 |
5.149 |
7.011 |
|
Total Current
Liabilities (4) |
463.150 |
500.903 |
486.114 |
|
|
|
|
|
|
TOTAL |
1356.585 |
1454.050 |
1456.691 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
546.650 |
587.037 |
565.808 |
|
(ii)
Intangible Assets |
5.078 |
0.021 |
0.445 |
|
(iii) Tangible assets
capital work-in-progress |
2.639 |
0.000 |
8.076 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
277.434 |
187.161 |
174.261 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
43.659 |
18.391 |
22.459 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
875.460 |
792.610 |
771.049 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
240.945 |
273.105 |
362.603 |
|
(c) Trade
receivables |
130.969 |
202.011 |
140.460 |
|
(d) Cash and
bank balances |
48.511 |
34.283 |
59.582 |
|
(e)
Short-term loans and advances |
60.700 |
152.041 |
122.997 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
481.125 |
661.440 |
685.642 |
|
|
|
|
|
|
TOTAL |
1356.585 |
1454.050 |
1456.691 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1205.735 |
1724.719 |
1910.263 |
|
|
Other Income |
11.679 |
9.441 |
31.740 |
|
|
TOTAL |
1217.414 |
1734.160 |
1942.003 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
615.236 |
988.157 |
1121.516 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.145) |
40.947 |
57.318 |
|
|
Employee benefit expense |
142.862 |
149.181 |
87.303 |
|
|
Other expenses |
276.576 |
267.031 |
313.595 |
|
|
Exceptional items before tax |
4.932 |
0.554 |
55.894 |
|
|
TOTAL |
1036.461 |
1445.870 |
1635.626 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
180.953 |
288.290 |
306.377 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
53.219 |
69.143 |
79.744 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
127.734 |
219.147 |
226.633 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
52.935 |
52.798 |
45.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
74.799 |
166.349 |
180.943 |
|
|
|
|
|
|
|
Less |
TAX |
15.313 |
54.586 |
66.084 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
59.486 |
111.763 |
114.859 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
265.56 |
498.94 |
512.76 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
64.340 |
62.684 |
74.718 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
355.917 |
144.489 |
333.307 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
279.244 |
19.072 |
351.212 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
39.65 |
42.75 |
26.84 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.21 |
8.54 |
13.60 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
61.81 |
23.71 |
41.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.75 |
1.06 |
0.84 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.33 |
0.49 |
0.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.62 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.84 |
1.21 |
1.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.72 |
0.85 |
0.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.87 |
1.00 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.40 |
4.17 |
3.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.93 |
6.48 |
6.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.38 |
7.69 |
7.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.28 |
18.98 |
22.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.04 |
1.32 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.52 |
0.78 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.41 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
37.85 |
54.03 |
56.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.04 |
1.32 |
1.41 |
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
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
13.200 |
13.200 |
14.200 |
|
Reserves & Surplus |
507.255 |
575.777 |
626.601 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
520.455 |
588.977 |
640.801 |
|
|
|
|
|
|
Long-term borrowings |
426.537 |
341.599 |
230.182 |
|
Short term borrowings |
240.239 |
308.923 |
242.998 |
|
Current maturities of
long-term debts |
74.718 |
62.684 |
64.340 |
|
Total
borrowings |
741.494 |
713.206 |
537.520 |
|
Debt/Equity
ratio |
1.425 |
1.211 |
0.839 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1910.263 |
1724.719 |
1205.735 |
|
|
|
(9.713) |
(30.091) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1910.263 |
1724.719 |
1205.735 |
|
Profit/ (Loss) |
114.859 |
111.763 |
59.486 |
|
|
6.01
% |
6.48
% |
4.93
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
14.200 |
13.200 |
|
(b) Reserves and Surplus |
|
631.841 |
577.309 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
646.041 |
590.509 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
230.180 |
341.599 |
|
(b) Deferred tax liabilities (Net) |
|
13.535 |
16.196 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
10.396 |
8.935 |
|
Total Non-current
Liabilities (3) |
|
254.111 |
366.730 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
243.025 |
329.146 |
|
(b) Trade
payables |
|
100.035 |
65.246 |
|
(c) Other
current liabilities |
|
116.172 |
123.326 |
|
(d) Short-term
provisions |
|
3.077 |
5.149 |
|
Total Current
Liabilities (4) |
|
462.309 |
522.867 |
|
|
|
|
|
|
TOTAL |
|
1362.461 |
1480.106 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
570.598 |
608.383 |
|
(ii)
Intangible Assets |
|
179.977 |
174.954 |
|
(iii) Tangible assets
capital work-in-progress |
|
71.326 |
58.291 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
9.687 |
5.333 |
|
(d)
Long-term loans and advances |
|
38.452 |
21.720 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
870.040 |
868.681 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
240.945 |
273.105 |
|
(c) Trade
receivables |
|
130.969 |
202.011 |
|
(d) Cash and
bank balances |
|
59.555 |
48.537 |
|
(e)
Short-term loans and advances |
|
60.952 |
87.772 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
492.421 |
611.425 |
|
|
|
|
|
|
TOTAL |
|
1362.461 |
1480.106 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1205.735 |
1724.719 |
|
|
Other Income |
|
10.836 |
9.441 |
|
|
TOTAL |
|
1216.571 |
1734.160 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
615.236 |
988.157 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(3.145) |
40.947 |
|
|
Employee benefit expense |
|
174.664 |
165.408 |
|
|
Other expenses |
|
243.980 |
248.154 |
|
|
Exceptional items |
|
0.576 |
0.554 |
|
|
TOTAL |
|
1031.311 |
1443.220 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
185.260 |
290.940 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
53.344 |
69.207 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
131.916 |
221.733 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
53.363 |
52.983 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
78.553 |
168.750 |
|
|
|
|
|
|
|
Less |
TAX |
|
15.981 |
54.926 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
62.572 |
113.824 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
279.34 |
508.14 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G55372759 |
100126093 |
AXIS BANK LIMITED |
13/09/2017 |
- |
- |
1286000.0 |
TRISHUL, 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
2 |
G08262107 |
100041560 |
HDFC BANK LIMITED |
31/05/2016 |
- |
- |
35000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
B78211430 |
10440040 |
YES BANK LIMITED |
18/04/2013 |
- |
- |
200000000.0 |
NEHRU CENTER, 9TH FLOOR, DISCOVERY OF INDIA,DR A B ROAD, WORLIMUMBAIMH400018IN |
|
4 |
C79883625 |
10277224 |
HDFC BANK LIMITED |
15/03/2011 |
30/01/2016 |
- |
902700000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B15329626 |
80022051 |
SYNDICATE BANK |
09/12/2002 |
23/12/2010 |
30/06/2011 |
221000000.0 |
I P ESTATE,4,BSZ MARG,NEW DELHIDL110002IN |
|
6 |
A86190428 |
10002717 |
SYNDICATE BANK |
17/03/2006 |
- |
25/05/2010 |
209300000.0 |
I P ESTATE BRANCH,NEW DELHIDL110002IN |
|
7 |
A86187846 |
10133875 |
SYNDICATE BANK |
21/11/2008 |
- |
25/05/2010 |
6000000.0 |
4,BAHADURSHAH ZAFAR MARG,I.P. ESTATENEW DELHIDL110002IN |
|
8 |
A86188430 |
10127451 |
SYNDICATE BANK |
10/10/2008 |
- |
25/05/2010 |
6000000.0 |
4,BAHADURSHAH ZAFAR MARG,I.P. ESTATENEW DELHIDL110002IN |
|
9 |
A86193018 |
80022050 |
SYNDICATE BANK |
09/12/2002 |
08/08/2007 |
25/05/2010 |
26000000.0 |
I P ESTATE,4, BSZ MARG,NEW DELHIDL110002IN |
|
10 |
A86189933 |
10039070 |
SYNDICATE BANK |
19/01/2007 |
- |
25/05/2010 |
10000000.0 |
I P ESTATE,4,BSZ MARG,NEW DELHIDL110002IN |
GENERAL INFORMATION
Subject has established manufacturing facilities at Gurgaon in 2002 for international markets. The Company primarily is a manufacturer and exporter of Rubber to metal bonded automotive components and operates as a 100% Export Oriented Unit. From financial year 2010-11 onwards, the Company has started selling goods in domestic market also to the extent permitted as per Foreign Trade Policy. During the previous year, the company has incorporated a wholly-owned subsidiary named ‘Anand NVH Products Inc. in USA. This subsidiary is engaged in the activities of providing market-support services only to the parent company.
OPERATIONS
During the year, the Company’s consolidated revenue was INR 1216.571 Million as against INR 1734.160 Million in the previous year and profit before tax INR 62.573 Million As against INR 62.573 Million in the previous year.
The company has recorded a revenue of INR 1217.414 Million (Previous year INR 1734.160 Million). The profit before tax for the year was INR 74.799 Million (previous year INR 166.349 Million) and profit after tax was INR 59.486 Million for the year as against INR 111.763 Milion in the previous year.
Continuous
efforts are being made towards better resource utilization, credit control
policies and improvement in the sales mix. The Company is constantly innovating
its approach towards delivering customer satisfaction, increasing operational
effectiveness and putting in its best effort to keep abreast with the latest
development in the market.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The Directors are optimistic about Company’s business
and hopeful of better performance with increased revenue in next year. There
was no change in the nature of business of Company.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.89 |
|
UK Pound |
1 |
INR 88.60 |
|
Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
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.