|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498483 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CNP PUMPS INDIA PRIVATE LIMITED (w.e.f. 14.05.2011) |
|
|
|
|
Formerly Known
As : |
NANFANG PUMPS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot B – 5, 502, TJSB House, 502 Sambhav I. T. Park, Behind Aplab
Company, Wagle Industrial Estate, MIDC, Thane – 400604, Maharashtra |
|
Tel. No.: |
91-22-25818400 (100 Lines) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
08.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155177 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120MH2005PTC155177 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCN1453D1ZU |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN1453D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Sheet Metal Stainless Steel Pumps.
(Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005. It is a manufacturer,
importer, assembler and seller of sheet metal stainless steel pumps and has a
capacity to manufacturer 4000 pumps every month. The company has countrywide network of 10 branches with 140 employees
and 20 dealers across India. For the financial year 2017, the company has achieved revenue growth
of 13.87% as compared to the previous year along with a decent profit margin
of 7.45%. The sound financial risk profile of the company is marked by adequate
net worth base along with negligible debt balance sheet profile and fair
liquidity position. Rating takes into consideration the subject’s healthy Earnings Per
Share of INR 192 against the Face Value of INR 10. 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 |
|
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 21.03.2018
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
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-7042415671 / 9161226982
Contact No.: 91-22-25818400 / 7210114723 –
Number are not working
LOCATIONS
|
Registered Office / Head Office
: |
Plot B – 5, 502, TJSB House, 502 Sambhav I. T. Park, Behind Aplab
Company, Wagle Industrial Estate, MIDC, Thane – 400604, Maharashtra, India |
|
Tel. No.: |
91-22-25818400 (100 Lines) |
|
Mobile No.: |
91-7210114723 (Office) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Service Center /
Warehouse Address: |
6 - A, Building No. O-2, Sagar complex, Opposite HP Petrol Pump, Thane - Bhiwandi By - Pass Road, Village Ovali, Taluka – Bhiwandi, District - Thane : 421302, Maharashtra, India |
|
|
|
|
|
|
|
Assembly Centre
Address: |
Building No. O-2, 3 and 4, Sagar Complex, Opposite HP Petrol Pump, Thane - Bhiwandi By - Pass Road, Village Ovali, Taluka - Bhiwandi,, District - Thane. (Maharashtra), India |
|
|
|
|
Branch Address 1: |
324, 3rd floor, ABC Complex, Opposite. Rabari Colony BRTS Bus Stop, Amraiwadi, Ahmedabad - 380026. Gujarat. India |
|
Email : |
|
|
|
|
|
Branch Address 2: |
119, "Sri Kavery Nilaya" 4th Main Road, Ganganagar, Bangalore - 560032 Landmark: Opposite to Adhishwar Showroom |
|
Tel. No.: |
80 - 40903938 / 9916678965 |
|
Email : |
|
|
|
|
|
Branch Address 3: |
Door No. 667/1, 2nd Floor , 47th street, 9th sector, KK Nagar Opposite to SBI KK Nagar Branch, Chennai, Tamilnadu, India |
|
Tel. No.: |
44-64542454 / 044-43855122 |
|
Email : |
|
|
|
|
|
Branch Address 4: |
K-43/A, Ground Floor, Kalkaji, New Delhi-110019, India |
|
Tel. No.: |
11-41015471 / 09582542226 |
|
Email : |
|
|
|
|
|
Branch Address 5: |
D.No: 1-8-215-9, Plot No: 142/16, Tirath Villa, Park Avenue Colony, Behind SBH, P.G. Road, Secunderabad - 500 003, Telangana, India |
|
Tel. No.: |
91-40-40180878 / 7799405577 |
|
Email : |
|
|
|
|
|
Branch Address 6: |
1484 Rajdanga Main Road, Block BB, Plot No-116, Kolkata-700107, West Bengal, India |
|
Tel. No.: |
91-33 60504006 / +91- 9836558535 |
|
Email : |
|
|
|
|
|
Branch Address 7: |
B - 5, 502, TJSB House, Sambhav IT Park, Behind Aplab Company, Wagle Indl Estate, MIDC, Thane - 400 604, Maharashtra, India |
|
Tel. No.: |
91 - 22 - 2581 8439 |
|
Email : |
|
|
|
|
|
Branch Address 8: |
Sr. No. 5/3, Plot No. 7/3, 2nd Floor, Manohar Appartment, Near Ingle Hospital, Hotel Nisarg Lane, Erandawane, Pune-411004, Maharashtra, India |
|
Tel. No.: |
20-65262331/ M - 9167226976 |
|
Email : |
|
|
|
|
|
Branch Address 9: |
516, Saffron Towers, Fathegunj, Vadodara - 390002, Gujarat, India |
|
Tel. No.: |
91-265-2782395 / 9099910892 |
|
Email : |
|
|
|
|
|
Branch Address 10: |
338-B, 2nd Floor , Prem Trade Centre Maharani Road, Near Gandhi Hall, Indore, Madhya Pradesh, India |
|
Tel. No.: |
91-731 - 4902105 |
|
Email : |
|
|
|
|
|
Branch Address 11: |
Door No 7 (SF No. 274/1) Sanganoor Main Road, Ganapathy, Coimbatore - 641006, Tamilnadu, India |
|
Tel. No.: |
422 4272841 / 9962991473 |
|
Email : |
|
|
|
|
|
|
|
|
Branch Offices : |
Also Located at
:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sunil Madhusudan Joshi |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
104, Sharmistha, Tarangan Complex, Shahid Mangal Pande Marg, Thane (West) - 400606, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
02.07.1963 |
||||||||||||
|
Qualification : |
MBA |
||||||||||||
|
Date of Appointment : |
08.08.2005 |
||||||||||||
|
DIN No.: |
01409711 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Bhagyashri Sunil Joshi |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
Flat No 104, 10th Floor, Tower 2, Tarangan Complex, Opposite Highway, Next Cadbury, Thane - 400602, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
08.10.1970 |
||||||||||||
|
Qualification : |
BSC |
||||||||||||
|
Date of Appointment : |
08.08.2005 |
||||||||||||
|
DIN No.: |
01749311 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Sunil Madhusudan Joshi |
150000 |
75.00 |
|
Bhagyashri Sunil Joshi |
50000 |
25.00 |
|
Total |
200000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Sheet Metal Stainless Steel Pumps.
(Registered activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
D. A. Oak and Company Chartered Accountants |
|
Address : |
Sudha Sadan, Vishnu Nagar, B. P. D. Road, Naupada, Thane (West) –
400602, Maharashtra, India |
|
Tel. No.: |
91-22-25349902 |
|
Fax No.: |
91-22-25393481 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPO1633A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entities where Key Management
Personnel have significant influence : |
Toshio Products India Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 10/- each |
INR 2.000 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 |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
268.938 |
232.913 |
203.200 |
|
(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) |
270.938 |
234.913 |
205.200 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.387 |
36.432 |
16.017 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
27.263 |
27.444 |
26.654 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
47.650 |
63.876 |
42.671 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
73.551 |
61.611 |
64.094 |
|
(b) Trade payables |
9.407 |
12.020 |
33.704 |
|
(c) Other current liabilities |
19.220 |
18.687 |
18.042 |
|
(d) Short-term provisions |
22.121 |
18.877 |
18.623 |
|
Total
Current Liabilities (4) |
124.299 |
111.195 |
134.463 |
|
|
|
|
|
|
TOTAL |
442.887 |
409.984 |
382.334 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
131.866 |
55.729 |
51.726 |
|
(ii) Intangible Assets |
0.402 |
0.529 |
0.321 |
|
(iii) Capital work-in-progress |
19.771 |
88.834 |
86.364 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.849 |
0.848 |
|
(c) Deferred tax assets (net) |
1.998 |
1.446 |
0.911 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
26.568 |
26.545 |
26.573 |
|
Total
Non-Current Assets |
181.105 |
173.932 |
166.743 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
62.243 |
44.855 |
50.469 |
|
(d) Cash and cash equivalents |
114.748 |
138.859 |
123.816 |
|
(e) Short-term loans and
advances |
59.341 |
26.979 |
17.465 |
|
(f) Other current assets |
25.450 |
25.359 |
23.841 |
|
Total
Current Assets |
261.782 |
236.052 |
215.591 |
|
|
|
|
|
|
TOTAL |
442.887 |
409.984 |
382.334 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
515.695 |
452.875 |
366.715 |
|
|
Other Income |
8.393 |
3.288 |
3.016 |
|
|
TOTAL
|
524.088 |
456.163 |
369.731 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
105.230 |
117.587 |
130.924 |
|
|
Purchases of Stock-in-Trade |
188.684 |
159.416 |
79.250 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
15.784 |
(21.117) |
(26.462) |
|
|
Direct Expenses |
39.605 |
39.558 |
29.696 |
|
|
Employees benefits expense |
56.061 |
50.788 |
42.858 |
|
|
Other expenses |
41.975 |
41.066 |
50.660 |
|
|
TOTAL |
447.339 |
387.298 |
306.926 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
76.749 |
68.865 |
62.805 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.764 |
13.671 |
8.888 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
64.985 |
55.194 |
53.917 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.392 |
7.140 |
6.354 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
57.593 |
48.054 |
47.563 |
|
|
|
|
|
|
|
Less |
TAX |
19.162 |
15.934 |
15.671 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
38.431 |
32.120 |
31.892 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
232.913 |
203.200 |
173.864 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
2.000 |
2.000 |
2.000 |
|
|
Corporate Dividend tax |
0.407 |
0.407 |
0.400 |
|
|
Adjustment towards Fixed Asset |
0.000 |
0.000 |
0.156 |
|
|
Total
|
2.407 |
2.407 |
2.556 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
268.937 |
232.913 |
203.200 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
5.179 |
5.486 |
3.308 |
|
|
TOTAL
EARNINGS |
5.179 |
5.486 |
3.308 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
216.909 |
164.725 |
164.725 |
|
|
TOTAL
IMPORTS |
216.909 |
164.725 |
164.725 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
192.00 |
161.00 |
159.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.05 |
36.15 |
50.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.29 |
10.10 |
7.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
11.68 |
15.84 |
58.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.50 |
0.47 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.33 |
0.36 |
0.39 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.35 |
0.42 |
0.39 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.46 |
0.47 |
0.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.56 |
0.62 |
0.67 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.52 |
5.04 |
7.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.45 |
7.09 |
8.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.68 |
7.83 |
8.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.18 |
13.67 |
15.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.11 |
2.12 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.11 |
2.12 |
1.60 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.61 |
0.57 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
46.97 |
49.02 |
40.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.11 |
2.12 |
1.60 |
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 |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
203.200 |
232.913 |
268.938 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
205.200 |
234.913 |
270.938 |
|
|
|
|
|
|
Long Term borrowings |
16.017 |
36.432 |
20.387 |
|
Short Term borrowings |
64.094 |
61.611 |
73.551 |
|
Total
borrowings |
80.111 |
98.043 |
93.938 |
|
Debt/Equity
ratio |
0.390 |
0.417 |
0.347 |
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
|
366.715 |
452.875 |
515.695 |
|
|
|
23.495 |
13.871 |
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
|
366.715 |
452.875 |
515.695 |
|
Profit |
31.892 |
32.120 |
38.431 |
|
|
8.70% |
7.09% |
7.45% |
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) |
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 |
CORPORATE
INFORMATION:
Subject (Formerly known as Nanfang Pumps India Private Limited)
established in 2005 is one of the largest importer, assembler and seller of
Sheet metal stainless steel pumps. The company offers full range of
single-stage and multi-stage pumps, CNP also offers some products in cast iron
MOC. Since inception company has established extensive network of company
representatives, distributors, dealers throughout India to support their
customers and OEM Partners. The Pumps are supplied and promoted in industrial
an mining enterprises, municipal water supply, Boiler industries, Water
Treatment Industries, Sewage Water Treatment, Solar, Fire Fighting and HVAC
segment.
PERFORMANCE
REVIEW:
During the financial year, the company has increased its profit by INR
0.228 Million as the revenue was increased by INR 67.925 Million.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B97357842 |
10479957 |
Small Industries Development Bank of India |
12/02/2014 |
- |
- |
38000000.0 |
1 & 2 Dhanalaxmi Residency, Near Hotel Tip Top Plaza, L. B. S. Marg, Thane (West), Thane – 400602, Maharashtra, India |
|
2 |
G01636463 |
10471774 |
TJSB Sahakari Bank Limited |
18/12/2013 |
18/04/2016 |
- |
10000000.0 |
Rabodi, K Villa, Thane (West), Thane – 400601, Maharashtra, India |
|
3 |
A79272803 |
10203628 |
THE THANE JANATA SAHAKARI BANK LTD |
25/01/2010 |
- |
- |
6435000.0 |
Rabodi K Villa Branch, Thane – 400601, Maharashtra, India |
|
4 |
G41148024 |
90241605 |
TJSB Sahakari Bank Limited |
10/10/2005 |
18/03/2017 |
- |
105000000.0 |
Johny House, 79 K'villara Bodi, Thane – 400601, Maharashtra, India |
|
5 |
G49534761 |
10530740 |
Small Industrial Development Bank of India |
11/11/2014 |
- |
31/07/2017 |
11600000.0 |
1&2 Dhanlaxmi Residency, Near Hotel Tip Top Plaza, L.B.S. Marg, Thane (West) – 400602, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
L/C Dues |
0.241 |
0.222 |
|
VAT dues FY 2013-14 |
0.000 |
1.938 |
|
VAT dues FY 2014-15 |
0.000 |
1.364 |
FIXED ASSETS
- Building
- General Plant
and Machinery
- Motor Cycles
and Scooters
- Electrical
Installations and Equipment
- Furniture and
Fitting
- Motor Cars
- Office
Equipment
- Service and
Network
- Computer
- Tools and
Dies
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 65.03 |
|
|
1 |
INR 90.55 |
|
Euro |
1 |
INR 79.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.