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MIRA INFORM REPORT
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Report No. : |
516291 |
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Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
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Name : |
TE CONNECTIVITY INDIA PRIVATE LIMITED (w.e.f. 29.08.2012) |
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Formerly Known
As : |
TYCO ELECTRONICS CORPORATION INDIA PRIVATE LIMITED TYCO ELECTRONIC CORPORATION LIMITED (w.e.f 24.02.2000) AMP INDIA LIMITED (w.e.f 30.06.1998) AMP INDIA PRIVATE LIMITED |
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Registered
Office : |
“TE PARK” Site No. 22 B Doddenakundi Industrial Area, Bangalore –
560048, Karnataka |
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Tel. No.: |
91-80-30481500 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.12.1993 |
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CIN No.: [Company Identification
No.] |
U31909KA1993PTC015007 |
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Capital
Investment / Paid-up Capital : |
INR 405.000 million |
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IEC No.: [Import-Export Code No.] |
0793017505 |
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PAN No.: [Permanent Account No.] |
AABCT7374C |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCT7374C1ZB |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRT02262B |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business
: |
Subject is engaged in manufacture and trading of connectors, cable assemblies and other interconnection devices. Subject also provides engineering services and back office services to other group companies across the globe. (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)
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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 11300000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993. It is a subsidiary of Tyco Electronics Singapore Pte Limited.
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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) |
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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 |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 27.06.2018
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 DENIED BY
|
Name : |
Mr. Swami |
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Designation : |
Office Executive |
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Contact No.: |
91-80-30481500 |
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Date : |
23.06.2018 |
(Tel No.: 91-80-33195000 – Not Working)
LOCATIONS
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Registered Office : |
“TE PARK” Site No. 22 B Doddenakundi Indl Area, Bangalore – 560048,
Karnataka, India |
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Tel. No.: |
91-80-30481500 |
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Fax No.: |
91-80-40115001 |
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E-Mail : |
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Website : |
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Corporate Office : |
Mobius Tower 1, Ground Floor, SJR iPark (Opposite Sathya Sai
Hospital), EPIP Industrial Area, Whitefield, Bangalore – 560066, Karnataka,
India |
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Tel. No.: |
91-80-40115000 |
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Fax No.: |
91-80-40115030 |
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Factory 1 : |
No. 4, Maruthi Industrial Estate, Hoody Rajapalya, Whitefield Main Road,
Mahadevapura, Bangalore – 560048, Karnataka, India |
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Tel. No.: |
91-80-26453014/ 28410200 |
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Fax No.: |
91-80-28453038/ 28410210 |
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Factory 2 : |
Gat No.1122, 1129, 1140, 1295, Village – Shirwal, Taluka – Khandala, Satara - 412801, Maharashtra, India |
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Tel. No.: |
91-2169-246000 |
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Factory 3 : |
Survey 186/3, Hoody, Bangalore, Karnataka, India |
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Factory 4 : |
Survey # 36/15 Building No 2, Unique Industrial Estate, Dhumal Nagar Waliv
Village Vasai(East), Mumbai-401208, Maharashtra, India |
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Branch Office 1 : |
1st Floor, No-5, Shalimar House Comm, Center Saket, Delhi -
110017, India |
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Tel. No.: |
91-11-26864107 |
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Branch Office 2 : |
Cochin Special Economic Zone Plot No. 44, Cochin-Kakkanand-682037,
Kerala, India |
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Branch Offices : |
Located at: · Ahmedabad · Chennai · Cochin · Noida · Hyderabad · Kolkata · Mumbai ·
Pune |
DIRECTORS
As on 31.03.2018
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Name : |
Mr. Arun Hari Kakatkar |
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Designation : |
Managing Director |
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Address : |
# 2143, Prestige South Ridge, Survey No. 125 BSK, 3rd Stage, Bangalore
-560085, Maharashtra, India |
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Date of Birth/Age : |
30.11.1970 |
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Date of Appointment : |
31.03.2017 |
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PAN No.: |
AAZPK1994J |
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DIN No.: |
05305918 |
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Other
Directorship :
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Name : |
Mr. Sunil Rawat |
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Designation : |
Whole-Time Director |
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Address : |
G-206, Habitat Splendor Gopalan Enterprises, ITPL Main Road, Near CMRIT
College Brookefield, Marathah Alli Colon, Bangalore-560037, Karnataka,
India |
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Date of Appointment : |
16.09.2016 |
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DIN No.: |
07608756 |
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Name : |
Mr. Viswanath Srinivasan |
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Designation : |
Whole-Time Director |
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Address : |
No.401, The Good Earth, 1 Cambridge 2nd Cross Road, Ulsoor 51st
Division, Bangalore - 560008, Karnataka, India |
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Date of Birth/Age : |
50 Years |
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Qualification : |
ICWA |
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Date of Appointment : |
27.11.2014 |
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PAN No.: |
ABTPV7344J |
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DIN No.: |
01758140 |
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Other
Directorship :
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Name : |
Mr. Rahul Kshitij Mathur |
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Designation : |
Whole-Time Director |
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Address : |
Villa No. 2, Vaswani Whispering Palms Outer Ring Road, Opposite Vims
Hospital, Marathahalli, Bangalore-560037, Karnataka, India |
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Date of Appointment : |
29.06.2017 |
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DIN No.: |
00032451 |
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Other
Directorship :
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Name : |
Mr. Uday Tukaram Sagvekar |
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Designation : |
Director |
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Address : |
B301, Salarpuria Splendor Apartments, Airport Road, Bangalore-560017,
Karnataka, India |
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Date of Birth/Age : |
29.10.1969 |
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Date of Appointment : |
23.12.2016 |
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DIN No.: |
07571507 |
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Name : |
Michael Thomas Gerosa |
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Designation : |
Director |
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Address : |
Kapfstrasse 3B Sankt Gallen Balgach 9436 Ch |
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Date of Appointment : |
10.04.2018 |
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DIN No.: |
08107100 |
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Note : As per our previous database records, Mr.
Sharad Rangnath Tankasali, Jurg Frischknecht 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.
KEY EXECUTIVES
|
Name : |
Perur Phaneendra |
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Designation : |
Company Secretary |
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Address : |
# E 88, Ward No.197,Shobha Nilaya,13th B Cross, Ganapathipura, Vasanthapura, Behind Maruthi Temple, Konanakunte Bangalore South, Bangalore 560062 , Karnataka, India |
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Date of Birth/Age : |
17.12.1959 |
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Date of Appointment : |
01.07.2016 |
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PAN No.: |
AGAPP2420M |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
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Tyco Electronics Singapore Pte
Limited, Singapore |
|
40481256 |
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Tyco Electronics
Netherlands India Cooperatief U.A |
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1 |
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Total |
|
40481257 |
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Names of Preference Shareholders |
|
No. of Shares |
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Tyco Electronics Singapore Pte
Limited, Singapore |
|
456144140 |
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Total |
|
456144140 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in manufacture and trading of connectors, cable assemblies and other interconnection devices. Subject also provides engineering services and back office services to other group companies across the globe. (Registered Activity) |
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Products / Services
(As on 2017): |
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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 : |
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 : |
Not Divulged |
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Bankers (As on 2016): |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore- 560025, Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD3771D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Tyco Electronics Singapore Pte. Limited, Singapore |
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Ultimate Holding
Company : |
TE Connectivity Limited , Switzerland |
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Fellow Subsidiary
Companies : |
· TE Connectivity Solutions GmbH, Germany · Tyco Electronics HK Limited · TE Connectivity Corporation formerly known as Tyco Electronics Corporation · Tyco Electronics Japan G.K. · Tyco Electronic Middle · Tyco Electronics A M P (Germany) GmbH · Deutsch India Power Connectors Private Limited · Tyco Electronics ETA Limited · TE Connectivity Services India Private Limited · TE Connectivity Germany GmbH · Tyco Electronics (Dongguan) Limited · The Whitaker Corporation · Tyco Electronics Service |
CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66000000 |
Equity Shares |
INR 10/- each |
INR 660.000 Million |
|
700000000 |
Preference Shares |
INR 1/- each |
INR 700.000 Million |
|
|
Total |
|
INR 1360.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40481257 |
Equity Shares |
INR 10/- each |
INR 404.813 Million |
|
456144140 |
Preference Shares |
INR 1/- each |
INR 456.144 Million |
|
|
Total |
|
INR 860.957
Million |
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66000000 |
Equity Shares |
INR 10/- each |
INR 660.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40500000 |
Equity Shares |
INR 10/- each |
INR 405.000 Million |
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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 |
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|
|
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(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
405.000 |
405.000 |
960.960 |
|
(b) Reserves & Surplus |
3549.000 |
3732.000 |
4744.080 |
|
(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) |
3954.000 |
4137.000 |
5705.040 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1579.000 |
1626.000 |
1204.360 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
195.000 |
133.000 |
0.000 |
|
(d) long-term provisions |
128.000 |
52.000 |
105.570 |
|
Total
Non-current Liabilities (3) |
1902.000 |
1811.000 |
1309.930 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
173.000 |
158.000 |
0.000 |
|
(b) Trade payables |
1020.000 |
1112.000 |
1895.760 |
|
(c) Other current liabilities |
363.000 |
929.000 |
116.190 |
|
(d) Short-term provisions |
163.000 |
147.000 |
155.010 |
|
Total
Current Liabilities (4) |
1719.000 |
2346.000 |
2166.960 |
|
|
|
|
|
|
TOTAL |
7575.000 |
8294.000 |
9181.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1463.000 |
1323.000 |
1525.680 |
|
(ii) Intangible Assets |
179.000 |
174.000 |
387.940 |
|
(iii) Capital work-in-progress |
309.000 |
919.000 |
826.430 |
|
(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) |
176.000 |
206.000 |
308.280 |
|
(d) Long-term Loan and Advances |
216.000 |
312.000 |
1124.610 |
|
(e) Other Non-current assets |
1277.000 |
1262.000 |
84.400 |
|
Total
Non-Current Assets |
3620.000 |
4196.000 |
4257.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
942.000 |
1010.000 |
1775.370 |
|
(c) Trade receivables |
1027.000 |
946.000 |
1886.130 |
|
(d) Cash and cash equivalents |
1090.000 |
1640.000 |
757.220 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
487.830 |
|
(f) Other current assets |
896.000 |
502.000 |
18.040 |
|
Total
Current Assets |
3955.000 |
4098.000 |
4924.590 |
|
|
|
|
|
|
TOTAL |
7575.000 |
8294.000 |
9181.930 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
7017.000 |
6155.000 |
10639.170 |
|
|
Other Income |
219.000 |
93.000 |
36.130 |
|
|
TOTAL
|
7236.000 |
6248.000 |
10675.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2466.000 |
2506.000 |
4021.740 |
|
|
Purchases of Stock-in-Trade |
226.000 |
134.000 |
1775.300 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(29.000) |
47.000 |
(198.470) |
|
|
Employees benefits expense |
1443.000 |
1392.000 |
1767.440 |
|
|
Other expenses |
2784.000 |
1962.000 |
2790.630 |
|
|
TOTAL |
6890.000 |
6041.000 |
10156.640 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
346.000 |
207.000 |
518.660 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
80.000 |
69.000 |
16.820 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
266.000 |
138.000 |
501.840 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
218.000 |
170.000 |
266.990 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
48.000 |
(32.000) |
234.850 |
|
|
|
|
|
|
|
Less |
TAX |
200.000 |
(20.000) |
89.690 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(152.000) |
(12.000) |
145.160 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4783.000 |
NA |
4994.950 |
|
|
TOTAL
EARNINGS |
4783.000 |
NA |
4994.950 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(3.75) |
(0.29) |
3.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
529.000 |
324.000 |
(154.100) |
|
Net cash flows from (used in) operating activity |
489.000 |
228.000 |
(348.020) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
53.42 |
56.10 |
64.71 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.83 |
6.51 |
5.64 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
138.30 |
153.74 |
119.36 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.37 |
0.20 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.18 |
0.09 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.44 |
0.48 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.44 |
0.43 |
0.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.43 |
0.57 |
0.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.49 |
0.58 |
0.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.33 |
3.00 |
30.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(2.17) |
(0.19) |
1.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(2.01) |
(0.14) |
1.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(3.84) |
(0.29) |
2.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.30 |
1.75 |
2.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.75 |
1.32 |
1.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.52 |
0.50 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.33 |
4.40 |
1.25 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.30 |
1.75 |
2.27 |
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 |
960.960 |
405.000 |
405.000 |
|
Reserves & Surplus |
4744.080 |
3732.000 |
3549.000 |
|
Net
worth |
5705.040 |
4137.000 |
3954.000 |
|
|
|
|
|
|
long-term borrowings |
1204.360 |
1626.000 |
1579.000 |
|
Short term borrowings |
0.000 |
158.000 |
173.000 |
|
Total
borrowings |
1204.360 |
1784.000 |
1752.000 |
|
Debt/Equity
ratio |
0.211 |
0.431 |
0.443 |
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 |
10639.170 |
6155.000 |
7017.000 |
|
|
|
(42.148) |
14.005 |
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 |
10639.170 |
6155.000 |
7017.000 |
|
Profit/ (Loss) |
145.160 |
(12.000) |
(152.000) |
|
|
1.36% |
(0.19%) |
(2.17%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
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 |
CORPORATE
INFORMATION:
The company is a Private Limited Company incorporated under the provisions of the Companies Act, 1956. The Company is engaged in manufacture and trading of connectors, cable assemblies and other interconnection devices. The Company also provides engineering services and back office services to other group companies across the globe.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
1579.000 |
1626.000 |
|
Short-term
borrowings |
|
|
|
Term loans from others |
173.000 |
158.000 |
|
Total |
1752.000 |
1784.000 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Z00006964 |
80003316 |
MSFC |
06/09/1994 |
- |
- |
2900000.0 |
FortMumbaiMH400001IN |
|
2 |
Z00006962 |
80003315 |
MSFC |
30/03/1992 |
- |
- |
6000000.0 |
FORTmumbaiMH400001IN |
|
3 |
Z00006960 |
80003314 |
MSFC |
13/12/1989 |
- |
- |
2850000.0 |
FortmumbaiMH400001IN |
|
4 |
B17324757 |
90094242 |
Bank of Maharashtra |
08/09/2005 |
20/11/2009 |
14/07/2011 |
178500000.0 |
Camp Br. Sachapir Street,Camp, PunePuneMH411001IN |
|
5 |
B17324013 |
10214256 |
Bank of Maharashtra |
26/03/2010 |
26/03/2010 |
14/07/2011 |
35100000.0 |
Camp Br. Khudamurad Bldg.Sachapir Street, Camp,PuneMH411001IN |
|
6 |
B12288593 |
10067936 |
BANK OF MAHARASHTRA |
14/08/2007 |
- |
04/05/2011 |
375000.0 |
SACHAPIR STREET, CAMP BRANCH,PUNEPUNEMH411001IN |
|
7 |
B11987187 |
10018026 |
BANK OF MAHARASHTRA |
02/09/2006 |
- |
04/05/2011 |
6320000.0 |
CAMP BRANCH,CAMP, PUNEPUNEMH411001IN |
|
8 |
B11604634 |
90088403 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
11/04/2001 |
- |
02/05/2011 |
42000000.0 |
SOMWAR PETH BRANCHPUNEMH411001IN |
|
9 |
A00736405 |
80001790 |
CANARA BANK |
10/06/1991 |
- |
24/04/2006 |
0.0 |
M G ROADCAMPPUNEMH411001IN |
|
10 |
A00735951 |
80001788 |
CANARA BANK |
01/12/1989 |
- |
24/04/2006 |
0.0 |
M G ROAD CAMPPUNEMH411001IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and 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 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.