|
|
|
MIRA INFORM REPORT
|
Report No. : |
497942 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAY AUTOCOMPONENTS LIMITED |
|
|
|
|
Registered
Office : |
G1-48, G T Karnal Road, Industrial Area, Delhi - 110033 |
|
Tel. No.: |
91-11-43147700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.08.2005 |
|
|
|
|
Com. Reg. No.: |
55-139206 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 147.580 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL2005PLC139206 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ6597P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Exporting and Importing of Automobiles Solar Energy,
LED Bulb Tube, etc. (Confirmed by management) The company is engaged in manufacturing of Automobile Components, Energy Meter and LED. (Registered Activity) |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 2005 and it
is having god track records. Management of the company has not filed its financials of 2017 with
government department. As per available financials of 2016, the company has registered
decrease its revenue from operations as compared to previous year and maintained
minimal profitability margin of 0.56%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also reflects from its established track record of
business operations. However, rating strength is partially offset by low earning per share
during the year and intense competition from industry. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular. In view of the 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 |
|
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 17.03.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sushil Pareek |
|
Designation : |
Manager |
|
Contact No.: |
91-8800374141 |
|
Date : |
16.03.2018 |
LOCATIONS
|
Registered Office : |
G1-48, G T Karnal Road, Industrial Area, Delhi – 110033, India |
|
Tel. No.: |
91-11-43147700 |
|
Mobile No.: |
91-8800374141 (Mr. Sushil Pareek) 91-9958711998 (Mr. Atish Barma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
Khasra No. 116, Raipur Industrial Area, Bhagawanpur, Roorkee – 247661,
Uttarakhand, India |
|
|
|
|
Factory 2 : |
V & P.O. Khandsa, Khandsa Road, Gurugram – 122004, Haryana, India |
|
Tel. No.: |
91-124-4536400 |
|
Fax No.: |
91-124-4266819 |
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|
|
|
Factory 3 : |
Also Located at:
|
DIRECTORS
As on 2018
|
Name : |
Mr. Vijay Dahiya |
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|
Designation : |
Director |
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Address : |
House No. 799, Sector 17, Gururam – 122001, Haryana, India |
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Date of Birth/Age : |
03.12.1971 |
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Date of Appointment : |
30.09.2016 |
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DIN No.: |
07359906 |
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Other Directorship:
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Name : |
Mr. Suresh Khola |
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|
Designation : |
Director |
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|
Address : |
H.N. 57-P, Sector-I Rewari – 123401, Haryana, India |
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Date of Birth/Age : |
03.03.1965 |
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Date of Appointment : |
30.09.2015 |
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DIN No.: |
06390676 |
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Other Directorship:
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Name : |
Mr. Bharat Bhushan
Mathur |
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|
Designation : |
Additional Director |
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Address : |
N-150, New Palam Vihar, Phase-I, Gurugram – 122001, Haryana, India |
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Date of Appointment : |
15.02.2017 |
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DIN No.: |
01933391 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Virendra Kumar
Baranwal |
|
Designation : |
Chief Executive Officer |
|
Address : |
D-234, Street No. 4, West Vinod Nagar, Delhi – 110092, India |
|
Date of Birth/Age : |
12.01.1970 |
|
Date of Appointment : |
30.06.2014 |
|
PAN No.: |
AJHPB0804B |
|
|
|
|
Name : |
Ms. Alka Rani |
|
Designation : |
Company Secretary |
|
Address : |
H.No. 1764, Sector-45, Near Huddda City Centre, Gurugram – 122002, Haryana, India |
|
Date of Birth/Age : |
27.07.1991 |
|
Date of Appointment : |
05.03.2016 |
|
PAN No.: |
AZXPR9919H |
|
|
|
|
Name : |
Mr. Sushil Pareek |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Atish Barma |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
Note: SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
4.20 |
|
Promoters (Body corporate) |
3.93 |
|
Public/Other than promoters (Body corporate) |
91.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting and Importing of Automobiles Solar Energy,
LED Bulb Tube, etc. (Confirmed by management) The company is engaged in manufacturing of Automobile Components, Energy Meter and LED. (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 : |
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Products : |
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Countries : |
South Korea |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque and Credit, Others (NEFT/ RTGS) |
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Purchasing : |
L/C, Cheque and Credit, Others (NEFT/ RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
350 (Approximately) |
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Bankers : |
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Facilities : |
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|
Auditors : |
|
|
Name : |
Rakesh Raj and Associates Chartered Accountants |
|
Address : |
565, Sector-7B, Faridabad-121006, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFR1998J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : (As on 31.03.2016) |
Pawar Textiles Private Limited (CIN No.: U74899DL1983PTC014947) |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14758000 |
Equity Shares |
INR 10/- each |
INR 147.580
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
147.580 |
147.580 |
147.580 |
|
(b) Reserves and Surplus |
585.779 |
572.254 |
552.607 |
|
(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) |
733.359 |
719.834 |
700.187 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
168.062 |
311.743 |
396.258 |
|
(b) Deferred tax liabilities (Net) |
39.971 |
37.821 |
37.833 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
10.671 |
9.341 |
8.180 |
|
Total Non-current
Liabilities (3) |
218.704 |
358.905 |
442.271 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
298.752 |
225.484 |
281.397 |
|
(b) Trade
payables |
640.540 |
738.894 |
468.401 |
|
(c) Other
current liabilities |
382.788 |
191.265 |
257.494 |
|
(d) Short-term
provisions |
4.150 |
5.222 |
10.730 |
|
Total Current
Liabilities (4) |
1326.230 |
1160.865 |
1018.022 |
|
|
|
|
|
|
TOTAL |
2278.293 |
2239.604 |
2160.480 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
797.701 |
820.485 |
796.656 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
174.418 |
167.861 |
139.225 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
101.533 |
112.519 |
112.519 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
61.369 |
103.423 |
121.939 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1135.021 |
1204.288 |
1170.339 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
274.562 |
226.246 |
189.504 |
|
(c) Trade
receivables |
693.168 |
652.954 |
704.017 |
|
(d) Cash and
bank balances |
28.246 |
32.423 |
23.382 |
|
(e)
Short-term loans and advances |
83.798 |
59.722 |
37.175 |
|
(f) Other current
assets |
63.498 |
63.971 |
36.063 |
|
Total
Current Assets |
1143.272 |
1035.316 |
990.141 |
|
|
|
|
|
|
TOTAL |
2278.293 |
2239.604 |
2160.480 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2420.468 |
2729.287 |
2312.913 |
|
|
Other Income |
68.320 |
76.253 |
54.057 |
|
|
TOTAL |
2488.788 |
2805.540 |
2366.970 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1854.758 |
2202.995 |
1798.989 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(23.882) |
(25.264) |
(24.613) |
|
|
Employee benefit expense |
106.412 |
106.824 |
104.483 |
|
|
Other expenses |
391.204 |
334.164 |
302.748 |
|
|
TOTAL |
2328.492 |
2618.719 |
2181.607 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
160.296 |
186.821 |
185.363 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
59.572 |
74.858 |
77.036 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
100.724 |
111.963 |
108.327 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
81.049 |
87.224 |
55.625 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.675 |
24.739 |
52.702 |
|
|
|
|
|
|
|
Less |
TAX |
6.150 |
5.092 |
18.125 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
13.525 |
19.647 |
34.577 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.92 |
1.63 |
2.46 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
102.326 |
83.696 |
84.149 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
161.887 |
347.627 |
82.088 |
|
Net cash flow from operating activity |
157.887 |
342.523 |
71.554 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
104.53 |
87.32 |
111.10 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.49 |
4.18 |
3.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
126.05 |
122.42 |
95.03 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.58 |
0.83 |
0.98 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.16 |
0.19 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.69 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.78 |
0.86 |
1.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.81 |
1.61 |
1.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.33 |
1.37 |
1.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.69 |
2.50 |
2.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.56 |
0.72 |
1.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.59 |
0.88 |
1.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.84 |
2.73 |
4.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.86 |
0.89 |
0.97 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.66 |
0.70 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.32 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.86 |
4.21 |
5.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.86 |
0.89 |
0.97 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
147.580 |
147.580 |
147.580 |
|
Reserves & Surplus |
552.607 |
572.254 |
585.779 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
700.187 |
719.834 |
733.359 |
|
|
|
|
|
|
Long-term borrowings |
396.257 |
311.743 |
168.062 |
|
Short term borrowings |
281.397 |
225.484 |
298.752 |
|
Current maturities of
long-term debts |
84.149 |
83.696 |
102.326 |
|
Total
borrowings |
761.803 |
620.923 |
569.140 |
|
Debt/Equity
ratio |
1.088 |
0.863 |
0.776 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2312.913 |
2729.287 |
2420.468 |
|
|
|
18.002 |
(11.315) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2312.913 |
2729.287 |
2420.468 |
|
Profit/ (Loss) |
34.577 |
19.647 |
13.525 |
|
|
1.49% |
0.72% |
0.56% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
(As on 31.03.2016)
The Company is a public limited company incorporated under the provisions of the Companies Act, 1956. The company is engaged in manufacturing of Automobile Components, Energy Meter and LED. The company has its manufacturing facility at Gurugram (Haryana), Roorkee (UK) and Pune (Maharashtra).
STATE OF AFFAIRS (As
on 31.03.2016)
During the year, the turnover of the Company during the year was INR 2420.468 Million as compared to INR 2729.286 Million and company has earned profit after tax of INR 13.524 Million as compared to INR 19.647 Million in the year 2014-15. The Directors of the Company expected that the initiatives undertaken will result in improvement in financial results in coming years.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
36.343 |
44.037 |
|
|
|
|
|
Total |
36.343 |
44.037 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G62812508 |
100134380 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
07/11/2017 |
- |
- |
150000000.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai MAHARASHTRA 400001 INDIA |
|
2 |
G09078734 |
100035200 |
KOTAK MAHINDRA BANK LIMITED |
18/03/2016 |
22/04/2016 |
- |
100000000.0 |
Kotak Aerocity, 1st Floor, Asset Area 9, IBIS Commercial Block, Hospitality District, Aerocity New Delhi 110037 INDIA |
|
3 |
C40114761 |
10543931 |
HDFC BANK LIMITED |
30/08/2014 |
- |
- |
600000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
C51280444 |
10382197 |
KOTAK MAHINDRA BANK LIMITED |
16/10/2012 |
06/04/2015 |
- |
115700000.0 |
Kotak Aerocity, 1st Floor, Asset Area 9, IBIS Commercial Block, Hospitality District, Aerocity New Delhi 110037 INDIA |
|
5 |
G72104680 |
10387463 |
HDFC BANK LIMITED |
16/10/2012 |
11/10/2017 |
- |
763200000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
B17204645 |
10298184 |
ORIENTAL BANK OF COMMERCE |
30/06/2011 |
- |
- |
600000.0 |
Shop No. 8, Block B Vipul Square Orcid Square Sushant Lok 1 Gurugram HARYANA 122001 INDIA |
|
7 |
A71571467 |
10180398 |
ORIENTAL BANK OF COMMERCE |
19/09/2009 |
- |
- |
450000.0 |
SUSHANT LOK-1 GURGAON HARYANA 122001 INDIA |
|
8 |
B63796544 |
10156181 |
ORIENTAL BANK OF COMMERCE |
17/04/2009 |
- |
19/11/2012 |
150000000.0 |
SUSHANT LOK-1 GURGAON HARYANA 122001 INDIA |
|
9 |
B63798334 |
10064814 |
ORIENTAL BANK OF COMMERCE |
28/07/2007 |
18/11/2011 |
19/11/2012 |
765900000.0 |
SUSHANT LOK-IB-BLOCK GURGAON HR 122001 INDIA |
|
10 |
B63799035 |
10173826 |
ORIENTAL BANK OF COMMERCE |
19/08/2009 |
- |
19/11/2012 |
690000000.0 |
VIPUL ORCHIDSUSHANT LOK-1 GURGAON HARYANA 122001 INDIA |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 64.87 |
|
|
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.