|
|
|
MIRA INFORM REPORT
|
Report No. : |
498132 |
|
Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NAPINO AUTO AND ELECTRONICS LIMITED |
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|
|
|
Registered
Office : |
Plot No. 7, Sector 3, IMT Manesar, District Gurugram-122050,
Haryana |
|
Tel. No.: |
91-124-4177200/ 2290050 |
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|
|
|
Country : |
India |
|
|
|
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
14.11.1991 |
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|
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Com. Reg. No.: |
05-031470 |
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Capital
Investment / Paid-up Capital : |
INR 19.494 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U34300HR1991PLC031470 |
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|
|
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IEC No.: [Import-Export Code No.] |
0595014305 |
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|
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GSTN : [Goods & Service Tax Registration
No.] |
06AAACN4973G1ZF |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACN4973G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and exporter of regulator/rectifiers and capacitor discharge igniters, electronic parts, napino auto also manufactures wiring harnesses, switches and resistors assembly, etc. [Registered Activity] |
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|
|
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 12000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1991. It is a manufacturer and exporter of electronic parts such as regulator/rectifiers and capacitor discharge igniters in India and also manufactures wiring harnesses, switches and resistors assembly etc. to cater the needs of renowned auto manufacturers across the globe. Yamaha, Mahindra 2 wheelers, Suzuki, Hero, Honda, Cummins, Audi
Renault Nissan, Volkswagen, Daimler, etc. are some of the key customers of
the subject. As per the financial records of 2017, the company has earned an
average growth of 3.63% in its revenue as compared to the previous year’s
revenue and has reported a fair profitability margin of 6.94%. The company possesses strong financial position marked by sound net
worth base along with debt free balance sheet profile and decent liquidity
position. Rating takes into consideration the company’s decent Earnings Per
Share (EPS) of INR 233.68 as against its Face Value (FV) of INR 10. Business is active. Payments seems to be regular and as per
commitment. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
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 19.03.2018.
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 DENIED BY
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4001158 |
Tel. No.: 91-124-2346204 (Ringing)
LOCATIONS
|
Registered Office / Manesar Plant 1 : |
Plot No. 7, Sector 3, IMT Manesar, District Gurugram-122050,
Haryana, India |
|
Tel. No.: |
91-124-4177200/ 2290050 |
|
Fax No.: |
91-124-2290049 |
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E-Mail : |
|
|
Website : |
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|
|
|
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Haridwar Plant: |
3/P4, Sector 10, Hero Honda Park, Integrated Industrial
Estate, Haridwar-249 403, Uttarakhand, India |
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Tel. No.: |
91-1334-239841/ 42/ 43 |
|
Fax No.: |
91-1334-239844 |
|
|
|
|
Manesar Plant 2: |
R&D
Centre, Plot No-131, Sector 8, IMT Manesar, Gurugram -122050, Haryana India |
|
Tel. No.: |
91-124-4852700 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vipin Raheja |
||||||||||||||||||||||||||||||||
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Designation : |
Managing director |
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|
Address : |
H. No. - C-5/6, Vasant Vihar, New Delhi - 110057, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
31.07.1952 |
||||||||||||||||||||||||||||||||
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Qualification: |
Graduate Engineer |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2009 |
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PAN No.: |
AACPR8484M |
||||||||||||||||||||||||||||||||
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DIN No.: |
00032931 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
|
Name : |
Ms. Vani Raheja |
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Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
H. No. - C-5/6, Vasant Vihar, New Delhi - 110057, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1983 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Post Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2005 |
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PAN No.: |
AGAPR6906Q |
||||||||||||||||||||||||||||||||
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DIN No.: |
00053343 |
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Other Directorship:
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||||||||||||||||||||||||||||||||
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Name : |
Ms. Vandana Raheja |
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|
Designation : |
Whole-time Director |
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|
Address : |
C-5/6, Vasant Vihar, New Delhi - 110057, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.11.1958 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.11.2005 |
||||||||||||||||||||||||||||||||
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PAN No.: |
AGAPR6905P |
||||||||||||||||||||||||||||||||
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DIN No.: |
00053398 |
||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vaibhav Raheja |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
H. No. - C-5/6, Vasant Vihar, New Delhi - 110057, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.02.1987 |
||||||||||||||||||||||||||||||||
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Qualification: |
Post Graduate |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
29.09.2011 |
||||||||||||||||||||||||||||||||
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PAN No.: |
AIQPR7627A |
||||||||||||||||||||||||||||||||
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DIN No.: |
00053672 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Navin Raheja |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
5/41, West Punjabi Bagh, New Delhi -110026, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.03.1957 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate Engineer |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.11.1991 |
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PAN No.: |
AAFPR0594P |
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DIN No.: |
00227685 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shyam Arora |
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|
Designation : |
Director |
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Address : |
C-781, Sector-C, Mahanagar, Lucknow - 226006, Uttar Pradesh, India |
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Date of Birth/Age : |
20.09.1947 |
||||||||||||||||||||||||||||||||
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Qualification: |
Post Graduate |
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Date of Appointment : |
19.03.2015 |
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DIN No.: |
00742924 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kuldeep Mathur |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
204, 2nd Ave Ste 420, San Mateo, California, 94401, United States of America |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1951 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Post Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.2015 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
07148589 |
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KEY EXECUTIVES
|
Name : |
Mr. Inderneel Sethi |
|
Designation : |
Company Secretary |
|
Address : |
137/21, Gali No. 1, Raj Nagar, Gurugram-122001, Haryana,
India |
|
Date of Birth/Age : |
31.01.1976 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No.: |
ATWPS4150L |
|
|
|
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 28.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vipin Raheja |
|
511011 |
|
Navin Raheja |
|
194600 |
|
Pawan Kant Munjal |
|
16 |
|
Vinod Ahuja |
|
16 |
|
Jatender Kumar Mehta |
|
16 |
|
Virendra Kumar Chhabra |
|
16 |
|
Vandana Raheja |
|
506112 |
|
Shindengen Electric Manufacturing Company Limited, Japan |
|
440000 |
|
Vani Raheja |
|
136760 |
|
Vaibhav Raheja |
|
136765 |
|
Kunal Raheja |
|
24080 |
|
Total |
|
1949392 |
AS ON 28.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
77.43 |
|
Promoters - Bodies corporate |
22.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of regulator/rectifiers and capacitor discharge igniters, electronic parts, napino auto also manufactures wiring harnesses, switches and resistors assembly, etc. [Registered Activity] |
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||||||||||
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Products / Services
: |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
Not Available |
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|
||||||||||
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Agencies Held : |
Not Available |
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|
||||||||||
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Exports : |
Not Divulged |
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|
||||||||||
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Imports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : [From indirect source] |
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||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Sehgal Mehta and Company Chartered Accountants |
|
Address : |
10173/2, Block No. 15, Abdul Aziz Road, W.E.A Karol Bagh, New Delhi-110005, India |
|
PAN No.: |
AACFS2420G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint venture : |
Shindengen Electric Mfg. Company Limited, Japan |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
CIN No.: U51909DL1996PTC083296
CIN No.: U74899DL1989PTC035720
CIN No.: U74899DL1995PTC073546
CIN No.: U74899DL1995PTC073570
CIN No.: U74899DL2005PTC143122
CIN No.: U35990HR2011PTC043800
CIN No.: U34201DL2004PTC126249
CIN No.: U74140HR2015PTC056945 |
|
|
|
|
Other related party
: |
Shindengen India Private Limited, India CIN No.: U31401KA2012FTC065452 |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1949392 |
Equity Shares |
INR 10/- each |
INR 19.494 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.494 |
19.494 |
19.494 |
|
(b) Reserves &
Surplus |
4088.749 |
3666.914 |
3475.432 |
|
(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) |
4108.243 |
3686.408 |
3494.926 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.508 |
2.158 |
1.522 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
1.508 |
2.158 |
1.522 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
766.770 |
784.066 |
808.879 |
|
(c) Other current
liabilities |
121.334 |
98.867 |
71.664 |
|
(d) Short-term provisions |
110.245 |
71.856 |
84.543 |
|
Total Current Liabilities
(4) |
998.349 |
954.789 |
965.086 |
|
|
|
|
|
|
TOTAL |
5108.100 |
4643.355 |
4461.534 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1057.677 |
964.350 |
944.624 |
|
(ii) Intangible Assets |
5.287 |
7.995 |
5.264 |
|
(iii) Capital
work-in-progress |
12.078 |
3.920 |
75.368 |
|
(iv) Intangible assets
under development |
23.289 |
9.250 |
0.580 |
|
(b) Non-current
Investments |
213.518 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
8.199 |
8.994 |
11.111 |
|
(d) Long-term Loan and Advances |
22.828 |
34.098 |
22.903 |
|
(e) Other Non-current
assets |
19.200 |
16.254 |
3.687 |
|
Total Non-Current Assets |
1362.076 |
1044.861 |
1063.537 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1427.998 |
1392.748 |
1270.328 |
|
(b) Inventories |
1024.955 |
987.475 |
978.967 |
|
(c) Trade receivables |
1109.660 |
1019.086 |
856.483 |
|
(d) Cash and cash
equivalents |
43.929 |
31.632 |
72.214 |
|
(e) Short-term loans and
advances |
137.271 |
166.907 |
217.497 |
|
(f) Other current assets |
2.211 |
0.646 |
2.508 |
|
Total Current Assets |
3746.024 |
3598.494 |
3397.997 |
|
|
|
|
|
|
TOTAL |
5108.100 |
4643.355 |
4461.534 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6561.210 |
6331.471 |
7007.176 |
|
|
Other Income |
70.600 |
61.172 |
151.927 |
|
|
TOTAL |
6631.810 |
6392.643 |
7159.103 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4729.630 |
4557.143 |
5345.629 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(92.134) |
21.623 |
(138.160) |
|
|
Employees benefits
expense |
817.082 |
718.973 |
682.514 |
|
|
CSR expenditure |
12.722 |
14.432 |
14.854 |
|
|
Prior period items |
0.755 |
0.893 |
(0.957) |
|
|
Other expenses |
405.166 |
419.191 |
397.505 |
|
|
TOTAL |
5873.221 |
5732.255 |
6301.385 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
758.589 |
660.388 |
857.718 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.001 |
0.030 |
0.013 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
758.588 |
660.358 |
857.705 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
162.484 |
143.438 |
175.557 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
596.104 |
516.920 |
682.148 |
|
|
|
|
|
|
|
Less |
TAX |
140.565 |
136.552 |
188.289 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
455.539 |
380.368 |
493.859 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
183.091 |
148.500 |
141.814 |
|
|
TOTAL EARNINGS |
183.091 |
148.500 |
141.814 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2305.617 |
2379.956 |
2902.730 |
|
|
Components and spare
parts |
20.024 |
16.946 |
17.748 |
|
|
Capital Goods |
172.482 |
22.185 |
81.644 |
|
|
TOTAL IMPORTS |
2498.123 |
2419.087 |
3002.122 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
233.68 |
195.12 |
253.34 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
678.211 |
524.286 |
837.481 |
|
Net cash flows from (used in) operating activities |
540.754 |
388.666 |
614.127 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
61.73 |
58.75 |
44.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.91 |
6.21 |
8.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
59.17 |
62.80 |
55.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.74 |
0.67 |
0.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.69 |
0.67 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.20 |
0.21 |
0.22 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.24 |
0.26 |
0.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.27 |
0.27 |
0.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
758589.00 |
22012.93 |
65978.31 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
6.94 |
6.01 |
7.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.92 |
8.19 |
11.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.09 |
10.32 |
14.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.75 |
3.77 |
3.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.73 |
2.73 |
2.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.80 |
0.79 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.75 |
3.77 |
3.52 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
19.494 |
19.494 |
19.494 |
|
Reserves & Surplus |
3475.432 |
3666.914 |
4088.749 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
3494.926 |
3686.408 |
4108.243 |
|
|
|
|
|
|
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
7007.176 |
6331.471 |
6561.210 |
|
|
|
(9.643) |
3.629 |
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 |
7007.176 |
6331.471 |
6561.210 |
|
Profit |
493.859 |
380.368 |
455.539 |
|
|
7.05% |
6.01% |
6.94% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been
shifted from 753 - 754, Udyog Vihar, Phase - V, Gurugram-122016, Haryana, India to the present address.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C41274267 |
10191141 |
HDFC BANK LIMITED |
01/12/2009 |
21/01/2015 |
- |
300000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
2 |
A57593212 |
10144575 |
Citibank N.A. |
26/02/2009 |
- |
- |
75000000.0 |
Jeevan Vihar, 3 Sansad Marg, New Delhi-110001, India |
|
3 |
G04531992 |
10553496 |
The Hongkong and Shanghai Banking Corporation Limited |
28/02/2015 |
- |
30/05/2016 |
250000000.0 |
25, Birla Tower, Barakhamba Road, New Delhi-110001, India |
|
4 |
A55008379 |
80030047 |
CITY BANK NA |
30/09/2002 |
- |
27/01/2009 |
45000000.0 |
Jeevan Vihar, 3 Sansad Marg, New Delhi-110001, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
0.050 |
1.211 |
|
Guarantees |
0.014 |
0.714 |
|
Other money for which company is contingently liable |
9.825 |
9.825 |
|
Total |
9.889 |
11.750 |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
- Trade marks
- Computer software
PRESS RELEASE/ WEBSITE DETAILS
NAPINO AUTO AND ELECTRONICS
LIMITED AND FALLBROOK TECHNOLOGIES INC. COLLABORATE TO BRING NUVINCI® CVP
TECHNOLOGY TO MOTORCYCLE AND SCOOTER TRANSMISSIONS
Date: Oct. 04,
2017
These transmissions will increase fuel economy, reduce emissions, and improve driveability for two- and three-wheelers
CEDAR PARK, TEXAS / GURGAON, INDIA, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Fallbrook Technologies Inc. (Fallbrook), the inventor of the NuVinci continuously variable planetary (CVP) transmission technology and Napino Auto & Electronics Limited (Napino), one of the world’s leading suppliers of automotive electronic products in its served markets, today announced a global partnership through a licensing and development agreement.
With this partnership, Napino receives a license to develop, manufacture, and sell NuVinci Optimized™ transmissions for use in two- or three-wheel vehicles such as mopeds, scooters, and motorcycles powered by electric motors or internal combustion engines. Fallbrook currently licenses the NuVinci technology in various fields of use to major transportation firms including Allison Transmission, Continental, Dana Incorporated, and TEAM Industries. While the motorcycle and scooter markets can benefit greatly from the implementation of NuVincitechnology, Fallbrook had previously held off on licensing the fields of use until it found the right partner with the vision, resources, and relationships to facilitate a rapid rollout of the technology in these markets.
“Napino is known for its dedication to supplying high quality parts to its OEM customers as well as identifying, developing, and deploying advanced automotive technology that will enable its customers to gain competitive advantage. NuVinci technology definitely fits that description,” said Vaibhav Raheja, director of Napino. Naveen Kumar, Senior Vice President of Napino added, “NuVinci technology will enable us to provide a value added drivetrain solution that will improve vehicle efficiency, durability, and performance across our licensed fields. Considering the government’s strong push for electrification of vehicles in India, this technology shall also enhance the performance of the electric powertrain.”
“We are delighted to have a new partnership with such a capable and successful company with global reach,” said Sharon A. O’Leary, Fallbrook’s president and chief operating officer. “The agreement with Napino is a natural extension of the other markets for NuVinci Optimizedtransmissions that our licensing community is addressing, including passenger cars and trucks, automotive accessory drives, utility vehicles, eBikes, and bicycles. It demonstrates the broad applicability of NuVinci technology and its rapidly increasing adoption in a variety of industries.”
ABOUT NAPINO AUTO AND
ELECTRONICS LIMITED
Based in India, Napino is a leading global supplier of automotive electronic products. With headquarters in Gurgaon, Haryana, India, the company employs roughly 2500 employees. Its portfolio includes ECUs (electronic control units), capacitor discharge ignition systems, regulator rectifiers, wiring harnesses, handlebar switches and EMobility products among other electronic offerings.
As a leader in its segment with complete design, development and manufacturing capabilities, Napino offers innovative solutions to major automobile manufacturers. Through its robust R&D capabilities and sustainable partnerships with global players, Napino’s objective is to lead technology innovation in automotive electronics.
ABOUT FALLBROOK
TECHNOLOGIES
Fallbrook Technologies is the inventor of the revolutionary NuVinci® continuously variable planetary (CVP) technology, which enables performance and efficiency improvements for machines that use an engine, pump, motor, or geared transmission system – including urban mobility vehicles, cars and trucks, industrial equipment, and many other applications. Fallbrook has a unique collective development model and community through which NuVinci technology licensees share enhancements, which adds to the value of the technology and accelerates product development. This approach enables forward-looking companies, who wish to create visionary new products with NuVinci technology, to move quickly from concept to market commercialization. Fallbrook is based in Cedar Park near Austin, Texas, USA and holds rights to over 800 patents and patent applications worldwide.
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 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
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.