|
|
|
MIRA INFORM REPORT
|
Report No. : |
512640 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
KEIHIN FIE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-3, MIDC Chakan, Mahalunge Village, Chakan-Talegaon Road, Taluka Khed,
Pune – 410501, Maharashtra |
|
Tel. No.: |
91-2135-664300/400/405 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.07.1999 |
|
|
|
|
Com. Reg. No.: |
11-013837 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 275.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1999PTC013837 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3199005748 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCK2407R1Z9 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK2407R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Manufacturer, Exporter and Service
Provider of carburetors and air suction valves for two and three wheeler
vehicles. The Company is also engaged in the trading of Engine Management
System (EMS) (Registered Activity and Confirmed by management) |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 13500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Keihin Corporation”, Japan. The company was incorporated in the year 1999.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
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 01.06.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mubaraq |
|
Designation : |
Finance Department |
|
Contact No.: |
91-2135-664300 |
|
Date : |
30.05.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
B-3, MIDC Chakan, Mahalunge Village, Chakan-Talegaon Road Taluka Khed,
Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-664300/400/405 |
|
Fax No.: |
91-2135-664420/ 664444 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
Plot No.81-83 and 94-96, Sector 6, HSIDC Growth Centre, Bawal District
Rewari– 123501, Haryana, India |
|
Tel. No.: |
91-1284-264200/ 201/ 202 |
|
Fax No.: |
91-1284-264203 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Plot No.152, KIADB
Doddaballapur Industrial
Area, Phase-III, Village - Obhadenahalli, Hobli-Kasaba Taluka Doddaballapur, District Bengaluru
(R)-561203, Karnataka, India |
|
Tel. No.: |
91-80-3302 2000 |
|
E-Mail : |
DIRECTORS
As on 2018
|
Name : |
Mr. Seiichi Shindo |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
24-1 Aza Higashitamagawa Tateyamatateyama, Marumori-Machi, Igu-gun
Miyagi 9812102, Japan |
||||||||||||
|
Date of Appointment : |
01.04.2017 |
||||||||||||
|
DIN No.: |
07775319 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Sudhir Vasudeo Gogate |
||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||
|
Address : |
L/18, Suyog Nagar, Behind Shivaji Housing Society, Senapati Bapat
Road, Pune – 411016, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
30.10.1949 |
||||||||||||
|
Qualification : |
Graduate |
||||||||||||
|
Date of Appointment : |
17.06.2005 |
||||||||||||
|
PAN No.: |
AABPG1907D |
||||||||||||
|
DIN No.: |
02059733 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Satoshi Kenichi Yokoo |
||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||
|
Address : |
AR Suites, Fontana Bay, Plot No. 15, Road No. 2, Central Avenue,
Kalayaninaga, Pune-411006, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
01.06.1964 |
||||||||||||
|
Qualification : |
Graduate |
||||||||||||
|
Date of Appointment : |
28.05.2014 |
||||||||||||
|
DIN No.: |
06882767 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Tsukuru Fujita |
||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||
|
Address : |
2-41-6, Toyosatodai, Utsunomiya-Shi Tochigi 3200003 |
||||||||||||
|
Date of Appointment : |
01.04.2018 |
||||||||||||
|
DIN No.: |
08096437 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Hirohisa Shigeyuki Amano |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
1971, Kawashma-Cho, Asahi-Ku, Yokohama 2410011, Japan |
||||||||||||
|
Date of Appointment : |
01.06.2013 |
||||||||||||
|
DIN No.: |
06594906 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Toru Sugihara |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
418-30, Ikebata Isehara-Shi Kanagawa, 2591144, Japan |
||||||||||||
|
Date of Appointment : |
31.05.2017 |
||||||||||||
|
DIN No.: |
07826689 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Prabhakar Vasudeo Deshpande |
||||||||||||
|
Designation : |
Additional Director |
||||||||||||
|
Address : |
1004/6, Suvarn Kumar, A Ward, Kolhapur – 416002, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
29.07.1939 |
||||||||||||
|
Date of Appointment : |
07.02.2008 |
||||||||||||
|
DIN No.: |
02076460 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Harshawardhan Shirish Chindhade |
|
Designation : |
Company Secretary |
|
Address : |
7, Neelambari Apartments, CTS No. 1365, Erandawane, Pune-411004, Maharashtra, India |
|
Date of Appointment : |
08.01.2015 |
|
PAN No.: |
AEYPC7999E |
|
|
|
|
Name : |
Mr. Mubaraq |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Keihin Corporation, Japan |
20350000 |
74.00 |
|
Fuel Instruments and Engineers Private Limited, India |
7150000 |
26.00 |
|
Total |
27500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 31.05.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturer, Exporter and Service
Provider of carburetors and air suction valves for two and three wheeler
vehicles. The Company is also engaged in the trading of Engine Management
System (EMS) (Registered Activity and Confirmed by management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
·
China ·
Japan ·
Brazil |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
Thailand |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Credit (30 Days), Others (RTGS/NEFT) |
||||
|
|
|
||||
|
Purchasing : |
Credit (30 Days), Others (RTGS/NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users ·
Hetro MotoCorp Limited ·
Honda Motorcycles and Scooters India Limited ·
TVS ·
Bajaj Auto Limited ·
Royal Enfield ·
Yamaha ·
LML Limited ·
Mahindra ·
Piaggio Vehicles Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
1500 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· The Bank of Tokyo-Mitsubishi UFJ Limited · ICICI Bank Limited · HDFC Bank Limited · Axis Bank Limited · Hong Kong & Shanghai Banking Corporation · State Bank of India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
C-401, 4th Floor, Panchshil Tech Park, Yerawda, Pune – 411006, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Keihin Corporation, Japan |
|
|
|
|
Fellow Subsidiary Companies : |
· Keihin Asia Bangkok Company Limited · Nanjing Keihin Carburettor Company Limited · Keihin Technologia Do Brazil Ltda · Taiwan Keihin Carburettor Co. Limited · P.T. Keihin Indonesia, PT, Indonesia · Keihin Automotive Systems India Private Limited · Keihin Vietnam Company Limited, Vietnam · Keihin India Manufacturing Private Limited |
|
|
|
|
Other related party
: |
Fuel Instruments and Engineers Private Limited |
CAPITAL STRUCTURE
As on 31.05.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27500000 |
Equity Shares |
INR 10/- each |
INR 275.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27500000 |
Equity Shares |
INR 10/- each |
INR 275.000 Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
275.000 |
275.000 |
275.000 |
|
(b) Reserves & Surplus |
4439.848 |
3911.551 |
3423.505 |
|
(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) |
4714.848 |
4186.551 |
3698.505 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
202.107 |
313.484 |
432.807 |
|
(b) Deferred tax liabilities
(Net) |
47.234 |
15.250 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
249.341 |
328.734 |
432.807 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
152.000 |
0.000 |
|
(b) Trade payables |
1136.312 |
903.351 |
1067.723 |
|
(c) Other current liabilities |
200.970 |
82.810 |
163.188 |
|
(d) Short-term provisions |
58.069 |
193.460 |
635.821 |
|
Total
Current Liabilities (4) |
1395.351 |
1331.621 |
1866.732 |
|
|
|
|
|
|
TOTAL |
6359.540 |
5846.906 |
5998.044 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2890.402 |
2642.630 |
2571.329 |
|
(ii) Intangible Assets |
398.940 |
347.442 |
169.180 |
|
(iii) Capital work-in-progress |
21.942 |
336.657 |
64.112 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
24.210 |
|
(d) Long-term Loan and Advances |
194.891 |
144.601 |
254.059 |
|
(e) Other Non-current assets |
1.164 |
1.515 |
1.415 |
|
Total
Non-Current Assets |
3507.339 |
3472.845 |
3084.305 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1369.871 |
1018.113 |
1155.397 |
|
(c) Trade receivables |
1201.112 |
1184.890 |
1125.732 |
|
(d) Cash and cash equivalents |
151.237 |
33.683 |
519.346 |
|
(e) Short-term loans and
advances |
129.842 |
137.046 |
97.300 |
|
(f) Other current assets |
0.139 |
0.329 |
15.964 |
|
Total
Current Assets |
2852.201 |
2374.061 |
2913.739 |
|
|
|
|
|
|
TOTAL |
6359.540 |
5846.906 |
5998.044 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
9597.078 |
9518.183 |
9890.544 |
|
|
Other Income |
44.374 |
43.487 |
63.159 |
|
|
TOTAL
|
9641.452 |
9561.670 |
9953.703 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5407.194 |
5191.966 |
5945.758 |
|
|
Purchases of Stock-in-Trade |
592.005 |
554.614 |
349.721 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(297.218) |
26.785 |
(35.847) |
|
|
Employees benefits expense |
1455.678 |
1243.752 |
1115.849 |
|
|
Other expenses |
1177.987 |
1125.103 |
1055.802 |
|
|
CSR Expenditure |
14.044 |
8.567 |
0.000 |
|
|
Exceptional Items |
0.000 |
0.000 |
(325.505) |
|
|
TOTAL |
8349.690 |
8150.787 |
8105.778 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1291.762 |
1410.883 |
1847.925 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.231 |
28.402 |
15.132 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1289.531 |
1382.481 |
1832.793 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
440.750 |
334.249 |
313.849 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
848.781 |
1048.232 |
1518.944 |
|
|
|
|
|
|
|
Less |
TAX |
320.485 |
405.460 |
521.844 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
528.296 |
642.772 |
997.100 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
19.21 |
23.37 |
36.26 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
111.376 |
0.000 |
85.400 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1228.050 |
1334.578 |
1733.183 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
45.68 |
45.44 |
41.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.99 |
8.03 |
8.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
69.13 |
57.38 |
61.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.94 |
1.39 |
1.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.42 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.27 |
0.28 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.07 |
0.11 |
0.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.30 |
0.32 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.70 |
0.79 |
0.76 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
579.01 |
49.68 |
122.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.50 |
6.75 |
10.08 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.31 |
10.99 |
16.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.20 |
15.35 |
26.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.04 |
1.78 |
1.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.06 |
1.02 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.74 |
0.72 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.14 |
1.69 |
1.88 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.04 |
1.78 |
1.56 |
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 |
275.000 |
275.000 |
275.000 |
|
Reserves & Surplus |
3423.505 |
3911.551 |
4439.848 |
|
Net
worth |
3698.505 |
4186.551 |
4714.848 |
|
|
|
|
|
|
long-term borrowings |
432.807 |
313.484 |
202.107 |
|
Short term borrowings |
0.000 |
152.000 |
0.000 |
|
Current maturities of
long-term debts |
85.400 |
0.000 |
111.376 |
|
Total
borrowings |
518.207 |
465.484 |
313.483 |
|
Debt/Equity
ratio |
0.140 |
0.111 |
0.066 |
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 |
9890.544 |
9518.183 |
9597.078 |
|
|
|
(3.765) |
0.829 |
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 |
9890.544 |
9518.183 |
9597.078 |
|
Profit |
997.100 |
642.772 |
528.296 |
|
|
10.08% |
6.75% |
5.50% |
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
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 |
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 |
No |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The Company is a private limited company domiciled in India. The Company is engaged in manufacture and sale of carburettors and air suction valves for two and three wheeler vehicles and operates with its manufacturing facilities in Pune (Maharashtra), Bawal (Haryana) and Doddaballapur (Karnataka). The Company is also engaged in the trading of Engine Management System (EMS).
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
202.107 |
313.484 |
|
Total |
202.107 |
313.484 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G11886173 |
90091316 |
THE SANWA BANK LIMITED |
31/07/2000 |
- |
31/08/2016 |
83000000.0 |
NEW DELHI BRANCH; UPPER GROUND FLOOR MERCANTILE HOUSE; 15; K.G. ROAD NEW DELHI 110001 INDIA |
|
2 |
G11886322 |
90091295 |
THE SANWA BANK LIMITED |
11/07/2000 |
- |
31/08/2016 |
128000000.0 |
NEW DELHI BRANCH; UPPER GROUND FLOOR MERCANTILE HOUSE; 15; K.G. ROAD NEW DELHI 110001 INDIA |
|
3 |
Y10167828 |
90082807 |
THE UFJ BANK LIMITED |
05/09/2002 |
- |
31/03/2004 |
360000000.0 |
BOMBAY BRANCH BOMBAY MAHARASHTRA 400001 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
9.755 |
11.304 |
|
Total |
9.755 |
11.304 |
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 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 67.63 |
|
UK Pound |
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
YES |
|
--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.
·