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MIRA
INFORM REPORT
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Report No. : |
495331 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
AMMANN INDIA PRIVATE LIMITED (w.e.f. 10.10.2017) |
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Formerly Known
As : |
AMMANN APOLLO INDIA PRIVATE LIMITED (w.e.f. 09.05.2013) AMMANN APOLLO INDIA LIMITED (w.e.f.
23.04.2013) APOLLO CONSTRUCTION EQUIPMENTS LIMITED (w.e.f. 06.01.2011) APOLLO CONSTRUCTION EQUIPMENTS PRIVATE LIMITED (w.e.f. 11.03.1999) EVEREST PUMPS PRIVATE LIMITED |
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Registered
Office : |
Block No. 157, At Ditasan, P.O. Jagudan, Mehsana-382710, Gujarat |
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Tel. No.: |
91-2762-285344/ 662200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.12.1997 |
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Com. Reg. No.: |
04-033432 |
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Capital
Investment / Paid-up Capital : |
INR 92.427 Million |
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CIN No.: [Company Identification
No.] |
U29248GJ1997PTC033432 |
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IEC No.: |
0800003934 |
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GST No.: |
24AACCA0194N1ZO |
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TIN No.: |
24040703801 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA0194N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Road Construction Equipments and Related Services. (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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Ammann Singapore Pte Limited, Singapore.
The company is engaged in Manufacturing and Selling of Road Construction
Equipment’s and Related Services. It is established company incorporated in
the year 1997 having fine track records. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved good profit margin at 102.58%
(approx.). The company possesses sound financial profile marked by strong net
worth base along with debt free balance sheet profile of the company. The company also derives strength from its holding entity and its
experienced management team. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: Management of the company has changed its financial year from December
2015 to March 2017 ranging from (January 2016 to March 2017) financials are
of 15 months. |
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 |
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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
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = (A+) |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
January 18, 2017 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = (A1) |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
January 18, 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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 07.03.2018.
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
[Contact No: 91-79-26563730/ 2762-662200]
LOCATIONS
|
Registered Office : |
Block No. 157, At Ditasan, P.O. Jagudan, Mehsana-382710, Gujarat, India |
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Tel. No.: |
91-2762-285344/ 662200 |
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Fax No.: |
91-2762-285359 |
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E-Mail : |
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Website : |
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Corporate Office : |
Ammann Apollo House, Near Mithakhali Circle, Navrangpura, Ahmedabad-380009, Gujarat, India |
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Tel. No.: |
91-79-66188888/ 26563730 |
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Fax No.: |
91-79-26564705 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Asit Anilbhai Patel |
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Designation : |
Managing Director |
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Address : |
Plot No.76, Sector-19, Near Gymkhna, Gandhinagar - 382019, Gujarat, India |
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Date of Birth/Age : |
30.09.1961 |
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Qualification : |
BS(USA) , Engineering |
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Date of Appointment : |
22.03.2013 |
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PAN No.: |
ABBPP2987K |
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DIN No.: |
00093332 |
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Name : |
Mr. Anand Anilbhai Patel |
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Designation : |
Additional Director |
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Address : |
3, Adarsh Society Highway Road, Mehsana-384002, Gujarat, India |
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Date of Appointment : |
23.02.2018 |
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PAN No.: |
AFSPP1260Q |
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DIN No.: |
00002277 |
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Name : |
Mr. Hans Christian Schneider |
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Designation : |
Director |
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Address : |
Laubeggstrasse 54 Bern 3006 CH |
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Date of Birth/Age : |
20.08.1979 |
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Date of Appointment : |
10.04.2013 |
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DIN No.: |
06530857 |
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Name : |
Mr. Rolf Johann Jenny |
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Designation : |
Director |
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Address : |
Vogelsangstrasse 6 Eich 6205 CH |
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Date of Birth/Age : |
18.11.1948 |
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Date of Appointment : |
10.04.2013 |
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DIN No.: |
06530863 |
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Name : |
Lieven Renaat Anne Van Broekhoven |
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Designation : |
Director |
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Address : |
Zurichstrasse 2, 4665 Oftringen Oftringen 4665 CH |
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Date of Appointment : |
26.03.2015 |
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DIN No.: |
07133956 |
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Name : |
Carsten Eisenkramer |
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Designation : |
Director |
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Address : |
Hertensteinstrasse 70 5408 Ennetbaden Ag Ennetbaden 5408 Ch |
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Date of Appointment : |
28.03.2017 |
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DIN No.: |
07692227 |
KEY EXECUTIVES
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Name : |
Dharmil Balashankar Raval |
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Designation : |
Company Secretary |
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Address : |
11, Madhuvan Park, Society, Mahavirnagar,
Himatnagar-383001, Gujarat, India |
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Date of Appointment : |
01.09.2017 |
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PAN No.: |
BCXPR6317R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Apollo Earthmovers Limited, India |
2772728 |
30.00 |
|
Anil Patel |
95 |
0.00 |
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Ammann Schweiz AG, Switzerland |
9240 |
0.10 |
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Ammann Singapore Pte Limited, Singapore |
6460680 |
69.90 |
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Total |
9242743 |
100.00 |
AS ON: 18.07.2017
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters – Body Corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Selling of Road Construction Equipments and Related Services. (Registered Activity) |
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Products/ Services : |
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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 : |
Not Divulged |
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Bankers : |
· Bank of Baroda Opposite Simandhar Temple, Industrial Estate Branch, Mehsana - 384002, Gujarat, India · HDFC Bank Limited |
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Facilities : |
--- |
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Auditors : |
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Name : |
S.R. Batlibol and Associats LLP Chartered Accountants |
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Address : |
Ahmedabd, Gujarat, India |
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PAN No.: |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Ammann Singapore Pte Limited., Singapore |
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Fellow Subsidiary Companies
: |
· Ammann Schweiz AG, Switzerland · Ammann Australia Pty. Limited, Australia · Ammann Construction Machinery South Africa Pty Limited · Ammann Russland Limited · Ammann NME FZE · Ammann Czech Republic a.s. · Ammann Schweiz AG · Ammann Asphalt Gmbh · Ammann Elba Beton GmbH · Ammann Verdichtung GmbH · Armmann Italy S.P.A. · Ammann Do Brasil Equip Const Est Limited |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
Gujarat Apollo Industries Limited, India [L45202GJ1986PLC009042] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
9500000 |
Equity Shares |
INR 10/- each |
INR 95.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
9242743 |
Equity Shares |
INR 10/- each |
INR 92.427 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
I.
EQUITY
AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
92.427 |
36.971 |
28.733 |
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(b) Reserves and Surplus |
3587.063 |
3107.374 |
3190.238 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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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) |
3679.490 |
3144.345 |
3218.971 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
36.730 |
|
(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) |
0.000 |
0.000 |
36.730 |
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
582.020 |
316.114 |
282.146 |
|
(c) Other
current liabilities |
479.862 |
404.391 |
353.764 |
|
(d) Short-term
provisions |
50.550 |
298.663 |
58.277 |
|
Total Current
Liabilities (4) |
1112.432 |
1019.168 |
694.187 |
|
|
|
|
|
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TOTAL |
4791.922 |
4163.513 |
3949.888 |
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1210.859 |
737.398 |
883.500 |
|
(ii)
Intangible Assets |
287.704 |
725.087 |
1082.563 |
|
(iii) Tangible assets
capital work-in-progress |
146.968 |
222.674 |
1.985 |
|
(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) |
77.185 |
36.288 |
0.000 |
|
(d)
Long-term loans and advances |
160.253 |
41.576 |
12.284 |
|
(e) Other
Non-current assets |
0.050 |
3.274 |
0.813 |
|
Total Non-Current
Assets |
1883.019 |
1766.297 |
1981.145 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
653.258 |
579.399 |
200.000 |
|
(b)
Inventories |
1179.415 |
743.305 |
544.934 |
|
(c) Trade
receivables |
371.977 |
214.099 |
160.703 |
|
(d) Cash and
bank balances |
212.489 |
246.336 |
462.229 |
|
(e)
Short-term loans and advances |
450.381 |
557.113 |
564.451 |
|
(f) Other
current assets |
41.383 |
56.964 |
36.426 |
|
Total
Current Assets |
2908.903 |
2397.216 |
1968.743 |
|
|
|
|
|
|
TOTAL |
4791.922 |
4163.513 |
3949.888 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6169.424 |
4399.239 |
3713.631 |
|
|
Other Income |
159.192 |
147.640 |
92.090 |
|
|
TOTAL |
6328.616 |
4546.879 |
3805.721 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3593.202 |
2436.977 |
2249.126 |
|
|
Purchases of
Stock-in-Trade |
301.862 |
222.863 |
140.658 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(213.625) |
(56.337) |
(84.863) |
|
|
Employee benefit expense |
458.827 |
326.790 |
259.749 |
|
|
CSR expenditure |
1.441 |
0.672 |
0.000 |
|
|
Other expenses |
848.297 |
543.745 |
419.169 |
|
|
Prior period items |
(4.014) |
124.293 |
0.000 |
|
|
TOTAL |
4985.990 |
3599.003 |
2983.839 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1342.626 |
947.876 |
821.882 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.544 |
1.704 |
1.626 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1337.082 |
946.172 |
820.256 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
530.633 |
416.191 |
414.206 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
806.449 |
529.981 |
406.050 |
|
|
|
|
|
|
|
Less |
TAX |
271.304 |
176.717 |
136.838 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
535.145 |
353.264 |
269.212 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
505.682 |
437.873 |
18.394 |
|
|
TOTAL EARNINGS |
505.682 |
437.873 |
18.394 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
471.262 |
291.173 |
110.699 |
|
|
Capital Goods |
60.142 |
0.719 |
0.282 |
|
|
TOTAL IMPORTS |
531.404 |
291.893 |
110.981 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
57.90 |
37.83 |
93.69 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1007.632 |
766.624 |
813.295 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
632.546 |
572.823 |
707.731 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
22.01 |
17.76 |
15.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
16.59 |
20.55 |
23.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
54.54 |
43.38 |
43.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.14 |
1.28 |
1.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.82 |
0.56 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.23 |
0.24 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.30 |
0.32 |
0.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.45 |
0.54 |
0.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
242.18 |
556.27 |
505.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.67 |
8.03 |
7.25 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.17 |
8.48 |
6.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.54 |
11.23 |
8.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 [15 Months] |
31.12.2015 [12 Months] |
31.12.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.61 |
2.35 |
2.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.55 |
1.62 |
2.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.77 |
0.76 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.61 |
2.35 |
2.84 |
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 |
31.12.2014 |
31.12.2015
[12
Months] |
31.03.2017 [15 Months] |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Share Capital |
28.733 |
36.971 |
92.427 |
|
Reserves & Surplus |
3190.238 |
3107.374 |
3587.063 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3218.971 |
3144.345 |
3679.490 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 |
31.12.2015
[12
Months] |
31.03.2017 [15 Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
3713.631 |
4399.239 |
6169.424 |
|
|
|
18.462 |
40.238 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 |
31.12.2015
[12
Months] |
31.03.2017 [15 Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
3713.631 |
4399.239 |
6169.424 |
|
Profit |
3805.721 |
4546.879 |
6328.616 |
|
|
102.48% |
103.36% |
102.58% |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G09647702 |
10581637 |
HDFC BANK LIMITED |
22/05/2015 |
03/08/2016 |
- |
500000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
Y10194842 |
90105150 |
TECHNOLOGY INFORMATION; FORECASTING & ASSESSMENT COUNCIL |
21/03/2002 |
- |
- |
1915000.0 |
TECHNOLOGY BHAWANNEW MEHRAULI ROADNEW DELHIDL110016IN |
|
3 |
Y10194759 |
90105067 |
TECHNOLOGY INFORMATION; FORECASTING & ASSESSMENT COUNCIL |
23/03/2001 |
- |
- |
4402000.0 |
TECHNOLOGY BHAWANNEW MEHRAULI ROADNEW DELHIDL110016IN |
|
4 |
G02659555 |
90106376 |
BANK OF BARODA |
27/10/1999 |
17/11/2003 |
02/05/2016 |
8000000.0 |
INDUSTRIAL ESTATE BRANCHMAHESNAGJIN |
|
5 |
B93198059 |
90107260 |
BANK OF BARODA |
11/01/2000 |
22/12/2012 |
04/01/2014 |
55000000.0 |
Opp. Simandhar TempleIndustrial Estate BranchMehsanaGJ384002IN |
|
6 |
B93195568 |
90104054 |
BANK OF BARODA |
11/01/2000 |
22/12/2012 |
04/01/2014 |
55000000.0 |
Opp. Simandhar TempleIndustrial Estate BranchMehsanaGJ384002IN |
CORPORATE INFORMATION
Ammann Apollo India Private Limited is a joint venture entity between Gujarat Apollo Industries Limited, Apollo Earthmovers Limited (wholly owned subsidiary of Gujarat Apollo Industries Limited) and Switzerland based Ammann Schweiz AG and Ammann Singapore PTE Ltd. The Company was originally incorporated on December 16, 1997 and its name has been changed to Ammann Apollo India Limited on April 23, 2013 and then changed to Ammann Apollo India Private Limited on May 9, 2013. The Company is engaged in the manufacturing and selling of road construction equipments and related services as per Joint Venture Agreement dated December 19, 2012.
The Company has its registered office at Ditasan, Mehsana District with manufacturing facility at Ditasan, Mehsana district and Khatraj, Gandhinagar district, Gujarat.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The financial period was for a period of 15 months commencing from 01.01.2016 to 31.03.2017. During the said period, the Sales of the Company stand at INR 6169.42 Mn against Sales of INR 4399.24 Mn. The annualized revenue from operations had enhanced by appx 11%. Further, there was a raise of more than 21% in net profit (annualized) of the Company as compared to the previous year. Looking to the positive growth, the Directors are hopeful for achieving better results in the coming years
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from Plot
No. 2, At Ditasan, Post Office Jagudan, Mehsana-382710, Gujarat, India to the
present address
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
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 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 64.99 |
|
UK Pound |
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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.