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MIRA
INFORM REPORT
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Report No. : |
515995 |
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Report Date : |
22.06.2018 |
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Email: |
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Website : |
412801, Maharashtra”
IDENTIFICATION DETAILS
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Name : |
PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED (w.e.f. 29.10.2003) |
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Formerly Known
As : |
PRECISION AUTOMATION AND ROBOTICS INDIA PRIVATE LIMITED |
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Registered
Office : |
Gat No. 463A, 463B, 464, Dhangarwadi, Taluka Khandala, Satara – 412801, Maharashtra |
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Tel. No.: |
91-2169-246300 /246700 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
10.08.1990 |
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CIN No.: [Company Identification
No.] |
U72200PN1990PLC057687 |
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Capital
Investment / Paid-up Capital : |
INR 82.817 Million |
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IEC No.: [Import-Export Code No.] |
3191001832 |
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PAN No.: [Permanent Account No.] |
AABCP2572Q |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCP2572Q1ZW |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
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· Subject is automation systems and solutions provider in India as well as with major global Original Equipment Manufacturers (OEMs), with a strong focus on in-house Research and Development and introduction on new products in the market. Subject configurable product offering includes Automated Car Parking System, Automated storage and retrieval system, Automated Truck loading system, Automated Bank Locker System etc. [Registered Activity] · Subject is engaged in designing, manufacturing, packaging, distributing and dealing of automated equipment hardware and all the required software, including robots of various description. [As per Memorandum of Association] |
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No. of Employees
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1000 [Approximately] |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum credit limit |
USD 4992000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1990. It is engaged in designing, manufacturing,
packaging, distributing and dealing of automated equipment hardware and all
the required software, including robots of various description. For the financial year ended 2017, the company has reported decline in
its revenue as compared to previous year but has managed to maintain decent
profit margin of 8.64%. The sound financial profile of the company is marked by healthy
networth base and debt free balance sheet profile along with favourable gap
between trade payables and trade receivables. The company has decent Earning Per Share (EPS) of INR 34.74 against
the Face Value (FV) of INR 10. The rating takes into consideration the subject’s long established
track record of the business operations along with extensive experience of
its promoters. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for good 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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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 22.06.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-2169-246300/ 246700]
Given number [91-20-66462000] is incorrect
LOCATIONS
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Registered Office : |
Gat No. 463A, 463B, 464, Dhangarwadi, Taluka Khandala, Satara - 412 801 Maharashtra, India |
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Tel. No.: |
91-2169-246300 /246700 |
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Mobile No.: |
91-8888851754 [Mr. Dinesh Madavale] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Sr. No. 106/3, Office No. 5 and 6, 3rd Floor, Karan Plaza
II, Warje, Pune-411052, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2018
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Name : |
Mr. Mangesh Ashok Kale |
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Designation : |
Managing Director |
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Address : |
Sr. No. 86 to 90, D-2401, T4, Castel Royal Tower Near Joshi Gate , Pune University, Pune-411020 , Maharashtra, India |
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Date of Birth/Age : |
19.09.1965 |
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Qualification : |
B E |
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Date of Appointment : |
16.08.1990 |
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PAN No.: |
ABRPK8478J |
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DIN No.: |
00425623 |
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Name : |
Mr. Ranjit Arun Date |
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Designation : |
Managing Director |
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Address : |
13/4, Nalini – Mahadev, Near Lokmanya Hospital, Off. Karve Road, Pune
– 411004, Maharashtra, India |
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Date of Birth/Age : |
07.08.1966 |
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Qualification : |
B E |
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Date of Appointment : |
04.01.1992 |
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PAN No.: |
ABWPD9694G |
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DIN No.: |
00425691 |
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Name : |
Mr. Govind Ghanshyamdas Oza |
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Designation : |
Whole Time Director |
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Address : |
Tb-11, Alpin, Amit Bloomfield, S. No. 59, Near Express Highway, Ambegaon Pune 411046 , Maharashtra, India |
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Date of Birth/Age : |
01.04.1972 |
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Date of Appointment : |
27.12.2005 |
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DIN No.: |
00426002 |
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Name : |
Mr. Arun Mahadev Date |
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Designation : |
Director |
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Address : |
Lokmanya Hospital, Karve Road, Pune-411004 , Maharashtra, India |
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Date of Birth/Age : |
12.02.1939 |
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Date of Appointment : |
16.08.1990 |
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DIN No.: |
02376669 |
KEY EXECUTIVES
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Name : |
Mr. Kaustubh Kishor Ratnaparkhi |
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Designation : |
Company Secretary |
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Address : |
Survey No. 668, Flat No. 19, Ganesh Nagar-3, Opposite Chinta, Behind Hotel Chintamani, Near Pooja Park, Bibwewad, Pune 411037, Maharashtra, India |
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Date of Appointment : |
01.10.2016 |
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PAN No.: |
AJDPR6342L |
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Name : |
Mr. Vineet Ramchandra Joshi |
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Designation : |
Chief Financial Officer |
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Address : |
Flat No. 403, Chitra Building, DSK Akashganga Society, Aundh, Pune-411007, Maharashtra, India |
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Date of Appointment : |
10.08.2015 |
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PAN No.: |
ABAPJ9289K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.09.2017
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters – Individual/ Hindu Undivided Family – Indian |
59.76 |
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Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
12.61 |
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Public/Other than promoters - Venture capital |
24.80 |
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Public/Other than promoters - Body Corporate |
2.83 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
· Subject is automation systems and solutions provider in India as well as with major global Original Equipment Manufacturers (OEMs), with a strong focus on in-house Research and Development and introduction on new products in the market. Subject configurable product offering includes Automated Car Parking System, Automated storage and retrieval system, Automated Truck loading system, Automated Bank Locker System etc. [Registered Activity] · Subject is engaged in designing, manufacturing, packaging, distributing and dealing of automated equipment hardware and all the required software, including robots of various description. [As per Memorandum of Association] |
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Products : |
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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 : |
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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 : |
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No. of Employees : |
1000 [Approximately] |
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Bankers : |
· Bank of India 1162/6, Near Hardikar Hospital, University Road, Shivaji Nagar,
Pune-411005, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
K S Aiyar and Company Chartered Accountants |
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Address : |
Mumbai, Maharashtra, India |
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PAN No.: |
AAAFK6843P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company: |
Pari Robotics INC |
CAPITAL STRUCTURE
AS ON: 29.09.2017
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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8281671 |
Equity Shares |
INR 10/- each |
INR 82.817 Million |
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AS ON: 31.03.2017
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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90000000 |
Equity Shares |
INR 10/- each |
INR 900.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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8281671 |
Equity Shares |
INR 10/- each |
INR 82.817 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
82.817 |
82.817 |
82.817 |
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(b) Reserves and Surplus |
1664.520 |
1339.153 |
1275.133 |
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(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) |
1747.337 |
1421.970 |
1357.950 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
336.029 |
543.631 |
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(b) Deferred tax liabilities (Net) |
76.625 |
89.742 |
90.900 |
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(c) Other long-term
liabilities |
0.122 |
0.000 |
1.521 |
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(d) long-term
provisions |
58.590 |
33.256 |
33.486 |
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Total Non-current
Liabilities (3) |
135.337 |
459.027 |
669.538 |
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(4)
Current Liabilities |
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(a) Short-term
borrowings |
0.000 |
699.773 |
527.254 |
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(b) Trade
payables |
592.529 |
764.074 |
560.633 |
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(c) Other
current liabilities |
848.731 |
1014.874 |
396.788 |
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(d) Short-term
provisions |
132.352 |
143.039 |
110.546 |
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Total Current
Liabilities (4) |
1573.612 |
2621.760 |
1595.221 |
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TOTAL |
3456.286 |
4502.757 |
3622.709 |
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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 |
958.374 |
1008.432 |
1025.832 |
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(ii)
Intangible Assets |
27.957 |
38.318 |
42.659 |
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(iii) Tangible assets
capital work-in-progress |
0.236 |
0.188 |
0.575 |
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(iv)
Intangible assets under development |
1.150 |
2.957 |
6.052 |
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(b) Non-current Investments |
212.957 |
211.196 |
13.345 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d)
Long-term loans and advances |
191.843 |
205.855 |
160.011 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
1392.517 |
1466.946 |
1248.474 |
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(2)
Current assets |
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(a)
Current investments |
105.564 |
0.000 |
0.000 |
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(b)
Inventories |
156.946 |
268.720 |
565.511 |
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(c) Trade
receivables |
744.329 |
1481.836 |
1100.669 |
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(d) Cash and
bank balances |
66.141 |
16.808 |
40.927 |
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(e)
Short-term loans and advances |
141.945 |
152.884 |
223.416 |
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(f) Other
current assets |
848.844 |
1115.563 |
443.712 |
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Total
Current Assets |
2063.769 |
3035.811 |
2374.235 |
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