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|
|
MIRA INFORM REPORT
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Report No. : |
495230 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAIKISHA ENGINEERING INDIA PRIVATE LIMITED (w.e.f.27.01.2015) |
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Formerly Known
As : |
TAIKISHA ENGINEERING INDIA LIMITED (w.e.f. 20.02.2004) TAIKISHA ENGINEERING INDIA PRIVATE LIMITED |
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Registered
Office : |
14, Palam Marg, Vasant Vihar, New Delhi – 110057 |
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Tel. No.: |
91-11-26147101/ 26148671 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.02.1995 |
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Com. Reg. No.: |
55-065836 |
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Capital
Investment / Paid-up Capital : |
INR 6.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U74999DL1995PTC065836 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACT2634G |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Exporter, Manufacturer, Service Provider and Supplier of Paint Finishing
Systems, Air Conditioning Systems, Clean Room Systems and all kinds of
automobile, industrial and household products. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 3500000 |
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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 “Taikisha Limited, Japan” and was
incorporated in the year 1995. For the financial year 2017, the company achieved revenue growth of
5.74% as compared to the previous year along with a decent profit margin of
8.17%. The sound financial risk profile of the company is marked by adequate
net worth base along with strong debt protection metrics due to negligible
debt balance sheet profile. Rating takes into consideration the subject’s healthy Earning per
share of INR 426.22 against the Face Value of INR 10. Rating also takes into account the strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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.
LOCATIONS
|
Registered Office : |
14, Palam Marg, Vasant Vihar, New Delhi – 110057, India |
|
Tel. No.: |
91-11-26147101/ 26148671 |
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Fax No.: |
91-11-26148671 |
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E-Mail : |
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|
Website : |
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Head Office : |
Plot No. 26, Udyog Vihar, Phase IV, Gurugram – 122015, Haryana, India |
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Tel. No.: |
91-124-2455215/16/ 6620300 |
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Fax No.: |
91-124-2348247 |
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E-Mail : |
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Branch Office 1 : |
123-126, Building No. S-2 Vedant Kores Road, Vartak Nagar,
Thane – 400606 |
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Tel. No.: |
91-22-25885130-132-131 |
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Fax No.: |
91-22-25886133 / 25824793 |
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E-Mail : |
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Branch Office 2 : |
BR2, 301/304, 3rd Floor, Jai Ganesh Vision, Akrudi, Pune –
411035, |
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Tel. No.: |
91-020-46703146 |
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E-Mail : |
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Branch Office 3 : |
Shop No. 172, 3rd Floor, Rahat Plaza, Arcot Road,
Vadapalani, Chennai – 600026, Tamilnadu, India |
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Tel. No.: |
91-44-42290721 |
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E-Mail : |
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Manufacturing Plant 1/Works : |
Plot No. 19, Sector-3, IMT Manesar, Gurugram – 122050,
Haryana, India |
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Tel. No.: |
91-124-4669000 |
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E-Mail : |
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Manufacturing Plant 2 : |
GAT No. 321/323, Vill- Kondapur, Taluk Shirur, Dist. Pune
– 412209, Maharashtra, India |
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Tel. No.: |
91-2137–270131/666000 |
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E-Mail : |
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Manufacturing Plant 3 : |
Block No. 1147, Survey No. 1558, Lambdapur Road, Post Manjusar, Taluka-Salvi, Dist – Vadodara – 391775, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Natwarlal Amrutlal Makwana |
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Designation : |
Whole Time Director |
||||||||||||||||||||
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Address : |
“Astha”, Plot No.438, Sector 14, Gurugram – 122 001, Haryana, India |
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Date of Birth/Age : |
20.06.1940 |
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Qualification : |
BE Mechanical and Electrical |
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Experience : |
17 years |
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Date of Appointment : |
01.07.2013 |
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DIN No.: |
00329059 |
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Other Directorship:
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Name : |
Mr. Hemant N. Makwana |
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Designation : |
Whole Time Director |
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Address : |
“Astha”, Plot No.438, Sector 14, Gurugram – 122 001, Haryana, India |
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Date of Birth/Age : |
11.07.1972 |
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Qualification : |
B E |
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Date of Appointment : |
11.06.2004 |
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DIN No.: |
00329094 |
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Other Directorship:
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Name : |
Yutaka Onozawa |
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Designation : |
Managing director |
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Address : |
2-14-11 Gontazaka Hodogaya-Ku, Yokohama City Kanagawa, 2400026, Japan |
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Date of Birth/Age : |
14.05.1965 |
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Qualification : |
Mechanical Engineering |
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Experience : |
25 Years |
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Date of Appointment : |
06.04.2012 |
||||||||||||||||||||
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DIN No.: |
05223674 |
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Name : |
Hikaru Kimura |
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Designation : |
Director appointed in casual vacancy |
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Address : |
6-19-2, Maeno-Cho, Itabashi-Ku,Tokyo, 1740063, Japan |
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Date of Birth/Age : |
04.01.1953 |
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Qualification : |
Engineer |
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Date of Appointment : |
04.07.2013 |
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DIN No.: |
06619425 |
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Name : |
Mr. Tadashi Inoue |
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Designation : |
Director |
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Address : |
4-2-3-2, Higashi Arima, Miyamae-ku, Kawasaki, Kanagawa NA
Japan |
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Date of Birth/Age : |
|
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Date of Appointment : |
19.09.2014 |
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DIN No.: |
06961291 |
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Name : |
Mr. Takuji Fukunaga |
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Designation : |
Additional Director |
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Address : |
2983-186, Aiharamachi, Machida Tokyo 1940211 Japan |
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Date of Birth/Age : |
08.10.1961 |
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Date of Appointment : |
20.04.2017 |
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DIN No.: |
07793006 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Tai Kisha Limited, Japan |
|
330000 |
|
Sumitomo Corporation, Japan |
|
30000 |
|
Margo Engineers Private Limited, India |
|
240000 |
|
|
|
|
|
Total |
|
600000 |
Equity Share Break up (Percentage of Total Equity)
As on 19.09.2016
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Manufacturer, Service Provider and Supplier of Paint
Finishing Systems, Air Conditioning Systems, Clean Room Systems and all kinds
of automobile, industrial and household products. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Gupta Thapar and Company Chartered Accountants |
|
Address : |
D-53 Anand Niketan, New Delhi, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKPG8803F |
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|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Holding Company : |
Taikisha Limited, Japan |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U29910DL1997PTC090991
U29100MH1983PTC031139
U74999MH2000PTC129254
U29910DL1997PTC090991
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
6.000 |
6.000 |
6.000 |
|
(b) Reserves and Surplus |
1243.624 |
1049.276 |
949.655 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1249.624 |
1055.276 |
955.655 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
246.484 |
267.066 |
173.674 |
|
(b) Deferred tax liabilities (Net) |
65.294 |
48.982 |
3.970 |
|
(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) |
311.778 |
316.048 |
177.644 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
722.432 |
380.337 |
196.933 |
|
(b) Trade
payables |
428.740 |
646.147 |
340.969 |
|
(c) Other
current liabilities |
62.710 |
499.144 |
534.831 |
|
(d) Short-term
provisions |
278.229 |
309.982 |
71.536 |
|
Total Current
Liabilities (4) |
1492.111 |
1835.610 |
1144.269 |
|
|
|
|
|
|
TOTAL |
3053.513 |
3206.934 |
2277.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1136.475 |
994.416 |
759.076 |
|
(ii)
Intangible Assets |
16.338 |
4.663 |
6.060 |
|
(iii) Tangible assets
capital work-in-progress |
9.942 |
137.034 |
162.031 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.935 |
7.823 |
11.213 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
55.674 |
56.876 |
57.135 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1224.364 |
1200.812 |
995.515 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
5.000 |
5.000 |
|
(b)
Inventories |
228.138 |
350.619 |
140.714 |
|
(c) Trade
receivables |
998.638 |
1038.866 |
679.822 |
|
(d) Cash and
bank balances |
262.668 |
270.078 |
244.610 |
|
(e)
Short-term loans and advances |
261.357 |
266.719 |
174.619 |
|
(f) Other
current assets |
78.348 |
74.840 |
37.288 |
|
Total Current
Assets |
1829.149 |
2006.122 |
1282.053 |
|
|
|
|
|
|
TOTAL |
3053.513 |
3206.934 |
2277.568 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3129.810 |
2959.982 |
1428.000 |
|
|
Other Income |
27.545 |
25.310 |
28.218 |
|
|
TOTAL |
3157.355 |
2985.292 |
1456.218 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
501.792 |
346.237 |
251.509 |
|
|
Purchases of
Stock-in-Trade |
1171.838 |
1608.102 |
613.422 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
82.361 |
(101.655) |
(13.352) |
|
|
Employee benefit expense |
358.966 |
284.488 |
253.045 |
|
|
CSR expenditure |
3.500 |
2.020 |
0.000 |
|
|
Other expenses |
440.695 |
395.554 |
333.709 |
|
|
Prior period items before tax |
0.956 |
1.711 |
4.622 |
|
|
Exceptional items before tax |
(38.081) |
(12.907) |
(8.960) |
|
|
TOTAL |
2522.027 |
2523.550 |
1433.995 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
635.328 |
461.742 |
22.223 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
76.420 |
52.807 |
53.678 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
558.908 |
408.935 |
(31.455) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
165.795 |
65.335 |
51.112 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
393.113 |
343.600 |
(82.567) |
|
|
|
|
|
|
|
Less |
TAX |
137.383 |
86.490 |
2.681 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
255.730 |
257.110 |
(85.248) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
78.461 |
57.930 |
60.928 |
|
|
TOTAL EARNINGS |
78.461 |
57.930 |
60.928 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
87.572 |
121.181 |
21.403 |
|
|
Components and spare
parts |
0.000 |
0.615 |
0.580 |
|
|
Capital Goods |
40.930 |
22.280 |
36.796 |
|
|
TOTAL IMPORTS |
128.502 |
144.076 |
58.779 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
426.217 |
428.517 |
(142.080) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
63.653 |
101.437 |
525.081 |
|
Net cash flows from (used in) operating activities |
(62.104) |
45.657 |
522.295 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
116.46 |
128.10 |
173.76 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.13 |
2.85 |
2.10 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
93.50 |
120.68 |
143.89 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
2.78 |
1.32 |
0.16 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.55 |
0.41 |
0.02 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.57 |
0.66 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.78 |
0.61 |
0.39 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.19 |
1.74 |
1.20 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.93 |
1.08 |
0.97 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
8.31 |
8.74 |
0.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
8.17 |
8.69 |
(5.97) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
8.37 |
8.02 |
(3.74) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
20.46 |
24.36 |
(8.92) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.23 |
1.09 |
1.12 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.07 |
0.90 |
1.00 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.41 |
0.33 |
0.42 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
161.49 |
107.90 |
61.77 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.23 |
1.09 |
1.12 |
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 |
6.000 |
6.000 |
6.000 |
|
Reserves & Surplus |
949.655 |
1049.276 |
1243.624 |
|
Net worth |
955.655 |
1055.276 |
1249.624 |
|
|
|
|
|
|
long-term borrowings |
173.674 |
267.066 |
246.484 |
|
Short term borrowings |
196.933 |
380.337 |
722.432 |
|
Total borrowings |
370.607 |
647.403 |
968.916 |
|
Debt/Equity ratio |
0.388 |
0.613 |
0.775 |
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 |
1428.000 |
2959.982 |
3129.810 |
|
|
0.000 |
107.282 |
5.737 |
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 |
1428.000 |
2959.982 |
3129.810 |
|
Profit/ (Loss) |
(85.248) |
257.110 |
255.730 |
|
|
(5.97
%) |
8.69
% |
8.17
% |
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 |
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 |
No |
|
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 |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
This was the Twenty Second year of the Company's operation and during this year, the total revenue of the Company has increased by almost 6% as compared to the revenue of last financial year. However, the total expenses of the company have also increased compared to previous year due to increase in Turnover. The total Revenue of company for this year 2016-17 is INR 3129.810 Million and the Company has recorded a Net Profit after Tax (after income tax) is INR 255.730 Million compare to net profit of INR 257.110 Million in previous year.
So this being a good year again for Taikisha Engineering India Private Limited (TEI) in spite many challenges. At Present TEI have some big projects in hand, so the year 2017-18 is also expected to be a good year in terms of Revenue expectation, but still the generation of good percentage of profit is going to be a big challenge due to severe competition in the market. The profit margins are declining due to strong price negotiation by the clients.
On the macro level, Indian Government implemented some new economic growth steps like Implementing GST (Goods and Service Tax) which is implemented from July, 2017. This is a very big step for Indian Economy and this will simplify the tax structure in India and may result into economy boost due to simplify of Indirect taxes which will result into confidence of many foreign companies for doing business in India.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
242.974 |
262.707 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances |
493.536 |
166.614 |
|
Rupee term loans from banks |
93.385 |
72.491 |
|
|
|
|
|
Total |
829.895 |
501.812 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Motor
Vehicles
- Office
Equipment
- Computer
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 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
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.