|
|
|
MIRA INFORM REPORT
|
Report No. : |
516236 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZECO AIRCON LIMITED (w.e.f 29.06.2010) Note: It was a typo error in our earlier report,
correct name change date is 29.06.2010. |
|
|
|
|
Formerly Known
As : |
ZECO AIRCON INDUSTRIES LIMITED (w.e.f. 31.05.2010) ZECO AIRCON INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
IInd Floor, DDA Shopping Complex, Near Sindhi School, New Rajinder Nagar, New Delhi - 110060 |
|
Tel. No.: |
91-11- 45666111 / 12 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.07.1995 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC070597 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 81.535 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0195N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACZ0195N1ZU (Maharashtra) 29AAACZ0195N1ZQ (Karnataka) 06AAACZ0195N1ZY (Haryana) |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing, sale, and service, repair of all types of Temperature Control Equipment (HVAC, AHU, Ducts including pre-insulated ducts,) refrigeration, air-conditioning, cooling equipments, machines, units, complete or parts thereof (Registered Activity) Note: Line of business is updated as per latest annual report 2017. |
|
|
|
|
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 |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995 and it is having a good track record. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continues to derive strength from its long and established track record of its business operation backed by its well-experienced management team. However, these rating strengths gets partially offset by its working capital-intensive operations and exposure to intense competition. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
30.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
30.11.2017 |
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 26.06.2018
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 (Tel No.:
91-11-45666111/12)
LOCATIONS
|
Registered Office : |
IInd Floor, DDA Shopping Complex, Near Sindhi School, New Rajender
Nagar, New Delhi – 110060, Delhi, India |
|
Tel. No.: |
91-11-45666111/12 |
|
Fax No.: |
91-11-4566100 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Corporate Office and Works: |
O-1 and O-5, Old Industrial Area, Bahadurgarh, District Jhajjar – 124507, Haryana, India |
|
Tel. No.: |
91-1276-244650-53 |
|
Fax No.: |
91-1276-244568 |
|
|
|
|
Mumbai Office: |
Unit No 109, "B" Wing, Western Edge II, Kanakia Spaces, Off, Western Express Hwy, Borivali (East), Mumbai-400066, Maharashtra, India |
|
Tel No.: |
91-22-28546986/7394/7451 / 32162548 |
|
|
|
|
Bangalore Office: |
202, 2nd Floor, Prestige Court, 101 K.H Road, (Double Road), Bangalore – 560027, Karnataka, India |
|
Tel. No.: |
91-80-42114557/58/59 |
|
Fax No.: |
91-80-42114556 |
|
|
|
|
Chennai Office: |
No.766, 7th Floor, Shakthi Towers, Building –II, Annasalai, Chennai – 600002, Tamilnadu, India |
|
Tel. No.: |
91-44-43054525/23711395 |
|
|
|
|
Ahmedabad Office: |
Unit No.708, 7th Floor, Abhishree Adroit Building, Near Mansi Circle, Judge Bunglow Road, Vastrapur, Ahmedabad – 380015, Gujarat, India |
|
Tel No.: |
91-79-40086504/5 |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Ravinder Singhal |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
H. No. 21 PW, Malibu Town, Sector-47, Gurugram-122001, Haryana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
26.09.1956 |
||||||||||||||||||||
|
Date of Appointment : |
03.10.1998 |
||||||||||||||||||||
|
PAN No.: |
AAOPS8961N |
||||||||||||||||||||
|
DIN No.: |
00165078 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Uma Singhal |
||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||
|
Address : |
H.No.21 Pw, Malibu Town, Sector-47, Gurugram -122001, Haryana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
11.02.1955 |
||||||||||||||||||||
|
Date of Appointment : |
01.09.2001 |
||||||||||||||||||||
|
PAN No.: |
AKQPS3828Q |
||||||||||||||||||||
|
DIN No.: |
00165035 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Punam Aggarwal |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
C-507, Dream Apartment, Plot No. 14, Sector-22, Dwarka, Delhi-110075, India |
||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1969 |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||||||
|
DIN No.: |
03120824 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Sunil Prakash |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
13, Palm Wood, Sohna Road Malibu Towne, Gurugram South City –II, Gurugram- 122018, Haryana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1950 |
||||||||||||||||||||
|
Date of Appointment : |
11.01.2017 |
||||||||||||||||||||
|
DIN No.: |
07702861 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Navneet Kumar Gupta |
||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||
|
Address : |
B-1224, Palam Vihar, Carterpuri, Gurugram- 122017, Haryana, India |
||||||||||||||||||||
|
Date of Appointment : |
11.06.2018 |
||||||||||||||||||||
|
DIN No.: |
08153905 |
||||||||||||||||||||
Note:
- Gurgaon city has now officially been renamed as Gurugram
- As per our previous database records, Mr. Sumer Chand Singhal, Nimira Singhal, were the directors of the company, however, they does not appear in the current government registry records and the same could not be confirmed with the management as well
- Designation and Date of appointment of the directors has been updated as per the latest government registry records.
KEY EXECUTIVES
|
Name : |
Mr. Anand Kumar Gupta |
|
Designation : |
Company Secretary |
|
Address : |
WZ-12, Mukhram Park Extn., Near Raj Cinema, Tilak Nagar, Delhi-110018, India |
|
Date of Appointment : |
20.07.2016 |
|
PAN No.: |
AKHPG1109P |
Note: As per our previous database records Ms. Poonam Verma (Secretary)
/ Ms. Vimmy
(Commercial Manager) were the Key
Executives of the company, they does
not appear in the current government registry records and the same could not be
confirmed with the management as well
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ravinder Singhal |
|
6532410 |
|
Uma Singhal |
|
1320420 |
|
Zeco Wizmart Technology Private Limited, India |
|
300000 |
|
Ramesh Chander Kapoor |
|
200 |
|
Ravinder Singhal (HUF) |
|
200 |
|
Neeru Gupta |
|
10 |
|
Sat Prakash Gupta |
|
10 |
|
Usha Rani Gupta |
|
10 |
|
Kartik Singhal |
|
200 |
|
Total |
|
8153460 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
96.31775958 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.00282089 |
|
Public/Other than promoters (Body corporate) |
3.67941953 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing, sale, and service, repair of all types of Temperature Control Equipment (HVAC, AHU, Ducts including pre-insulated ducts,) refrigeration, air-conditioning, cooling equipments, machines, units, complete or parts thereof (Registered Activity) Note: Line of business is updated as per latest annual report 2017. |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers (As on 2017) |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Parnami and Associates, Chartered Accountants |
|
Address : |
39 / 2070 , Naiwalakarol Bagh, Delhi – 110005, India |
|
Tel. No.: |
91-11-25756169 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADPP7017K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8153460 |
Equity Shares |
INR 10/- each |
INR 81.535 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 |
81.535 |
81.535 |
81.535 |
|
(b) Reserves and Surplus |
461.782 |
394.713 |
351.348 |
|
(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) |
543.317 |
476.248 |
432.883 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
184.826 |
199.904 |
221.030 |
|
(b) Deferred tax liabilities (Net) |
45.441 |
42.219 |
36.962 |
|
(c) Other long-term
liabilities |
4.986 |
11.427 |
12.444 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
235.253 |
253.550 |
270.436 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
377.449 |
288.711 |
363.456 |
|
(b) Trade
payables |
315.498 |
164.711 |
255.522 |
|
(c) Other
current liabilities |
117.025 |
103.284 |
66.663 |
|
(d) Short-term
provisions |
0.833 |
3.689 |
2.888 |
|
Total Current
Liabilities (4) |
810.805 |
560.395 |
688.529 |
|
|
|
|
|
|
TOTAL |
1589.375 |
1290.193 |
1391.848 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
528.895 |
480.012 |
453.533 |
|
(ii)
Intangible Assets |
3.776 |
4.301 |
4.247 |
|
(iii) Tangible assets
capital work-in-progress |
77.479 |
47.159 |
7.450 |
|
(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 |
0.000 |
|
(d)
Long-term loans and advances |
6.119 |
11.052 |
22.084 |
|
(e) Other
Non-current assets |
64.428 |
38.677 |
29.358 |
|
Total Non-Current
Assets |
680.697 |
581.201 |
516.672 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
288.207 |
221.172 |
279.214 |
|
(c) Trade
receivables |
553.457 |
454.082 |
553.669 |
|
(d) Cash and
bank balances |
4.634 |
6.240 |
11.652 |
|
(e)
Short-term loans and advances |
51.034 |
25.092 |
29.951 |
|
(f) Other
current assets |
11.346 |
2.406 |
0.690 |
|
Total
Current Assets |
908.678 |
708.992 |
875.176 |
|
|
|
|
|
|
TOTAL |
1589.375 |
1290.193 |
1391.848 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2061.129 |
1643.176 |
1445.287 |
|
|
Other Income |
9.959 |
3.564 |
6.446 |
|
|
TOTAL |
2071.088 |
1646.740 |
1451.733 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1453.901 |
1147.762 |
1098.042 |
|
|
Purchases of
Stock-in-Trade |
0.409 |
3.024 |
50.991 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
35.271 |
50.386 |
(37.332) |
|
|
Employee benefit expense |
204.583 |
148.108 |
121.262 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
84.461 |
64.517 |
0.000 |
|
|
CSR expenditure |
1.625 |
1.338 |
0.455 |
|
|
Other expenses |
84.335 |
63.498 |
74.991 |
|
|
TOTAL |
1864.585 |
1478.633 |
1308.409 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
206.503 |
168.107 |
143.324 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
58.291 |
59.847 |
49.920 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
148.212 |
108.260 |
93.404 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
46.827 |
40.178 |
36.096 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
101.385 |
68.082 |
57.308 |
|
|
|
|
|
|
|
Less |
TAX |
34.315 |
24.717 |
18.585 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
67.070 |
43.365 |
38.723 |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE
EARNINGS |
0.291 |
6.126 |
16.762 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.23 |
5.32 |
4.75 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
39.893 |
40.376 |
19.323 |
|
Net cash flows from (used in) operations |
156.529 |
228.125 |
114.607 |
|
Net cash flows from (used in) operating activities |
168.897 |
141.810 |
114.607 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
98.01 |
100.87 |
139.83 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
3.72 |
3.62 |
2.61 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
79.18 |
52.24 |
81.17 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.72 |
0.76 |
0.51 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.34 |
0.32 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.65 |
0.62 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
1.11 |
1.11 |
1.39 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
1.49 |
1.18 |
1.59 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
1.12 |
1.12 |
1.07 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
3.54 |
2.81 |
2.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
(%) |
3.25 |
2.64 |
2.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
(%) |
4.22 |
3.36 |
2.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
(%) |
12.34 |
9.11 |
8.95 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
1.12 |
1.27 |
1.27 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.77 |
0.87 |
0.87 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.34 |
0.37 |
0.31 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
7.39 |
6.49 |
7.41 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.12 |
1.27 |
1.27 |
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 |
81.535 |
81.535 |
81.535 |
|
Reserves & Surplus |
351.348 |
394.713 |
461.782 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
432.883 |
476.248 |
543.317 |
|
|
|
|
|
|
Long-term borrowings |
221.030 |
199.904 |
184.826 |
|
Short term borrowings |
363.456 |
288.711 |
377.449 |
|
Current maturities of
long-term debts |
19.323 |
40.376 |
39.893 |
|
Total
borrowings |
603.809 |
528.991 |
602.168 |
|
Debt/Equity
ratio |
1.395 |
1.111 |
1.108 |
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 |
1445.287 |
1643.176 |
2061.129 |
|
|
|
13.692 |
25.436 |
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 |
1445.287 |
1643.176 |
2061.129 |
|
Profit/ (Loss) |
38.723 |
43.365 |
67.070 |
|
|
2.68
% |
2.64
% |
3.25
% |
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 |
No |
|
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 |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW
The Company is engaged in the business of manufacturing, sale, and service, repair of all types of Temperature Control Equipment (HVAC, AHU, Ducts including pre-insulated ducts,) refrigeration, air-conditioning, cooling equipments, machines, units, complete or parts thereof.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
65.451 |
78.910 |
|
Loans and advances from directors |
0.000 |
16.270 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
40.624 |
18.170 |
|
|
|
|
|
Total |
106.075 |
113.35 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder
Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77816627 |
100156634 |
KOTAK MAHINDRA BANK LIMITED |
27/10/2017 |
- |
- |
36500000.0 |
27 BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI-400051, MAHARASHTRA, INDIA |
|
2 |
G08068686 |
100040236 |
BMW India Financial Services Private Limited |
19/04/2016 |
- |
- |
45793644.0 |
DLF CYBER CITY,
PHASE-II, BUILDING NO 10, TOWER-C14TH FLOOR, GURUGRAM -122002 HARYANA INDIA |
|
3 |
G06489033 |
10612331 |
PUNJAB NATIONAL BANK |
14/12/2015 |
16/06/2016 |
- |
85000000.0 |
RAILWAY ROAD
BAHADURGARH-124507 HARYANA INDIA |
|
4 |
C34741454 |
10533024 |
ICICI BANK LIMITED |
27/11/2014 |
- |
- |
1648700.0 |
LANDMARKRACE
COURCE CIRCLE ALKAPURI VADODARA
-390015 GUJARAT INDIA |
|
5 |
C34742742 |
10533027 |
ICICI BANK LIMITED |
27/11/2014 |
- |
- |
1336000.0 |
LANDMARKRACE
COURCE CIRCLE ALKAPURI VADODARA
-390015 GUJARAT INDIA |
|
6 |
C34737957 |
10533018 |
ICICI BANK LIMITED |
27/11/2014 |
- |
- |
1336000.0 |
LANDMARKRACE
COURCE CIRCLE ALKAPURI VADODARA -390015
GUJARAT INDIA |
|
7 |
C34000364 |
10531877 |
KOTAK MAHINDRA BANK LIMITED |
20/11/2014 |
- |
- |
4000000.0 |
27 BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI-400051, MAHARASHTRA, INDIA |
|
8 |
C53064754 |
10568204 |
ICICI BANK LIMITED |
29/10/2014 |
- |
- |
1934000.0 |
LANDMARKRACE
COURCE CIRCLE ALKAPURI VADODARA
-390015 GUJARAT INDIA |
|
9 |
B66323619 |
10398436 |
Punjab National Bank |
09/01/2013 |
- |
- |
76875000.0 |
RAILWAY ROAD
BAHADURGARH-124507 HARYANA INDIA |
|
10 |
B33140195 |
10337983 |
KOTAK MAHINDRA BANK LIMITED |
28/02/2012 |
- |
- |
15500000.0 |
36-38A, NARIMAN
BHAVAN, 227,D,NARIMAN POINT,MUMBAI-400021 MAHARASHTRA, INDIA |
FIXED ASSETS
- Land
- Building
- Plant and machinery
- Furniture and fixture
- Vehicle
- 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,
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 68.08 |
|
|
1 |
INR 89.59 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
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.