|
|
|
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
499294 |
|
Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRANSFIX (INDIA) PRIVATE LIMITED (w.e.f. 09.02.2010) |
|
|
|
|
Formerly Known
As : |
CAHORS ELECTRICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-90, Ranjangaon MIDC, Ranjangaon, Taluka- Shirur, Pune – 412208,
Maharashtra |
|
Tel. No.: |
91-20-66495300/ 91-2138-612000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.10.2007 |
|
|
|
|
Com. Reg. No.: |
11-130901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 401.210 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN2007PTC130901 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3110008483 |
|
|
|
|
CST/ TIN No.: |
27680776059 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC1941J |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCC1941J1ZQ |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, exporter, importer, supplier of electric power distribution transformers, arc-welding transformers, etc and provide services of nauva walk in step up transformer substation, series active filter and metering panels. . (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
200 (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 |
|
Maximum Credit Limit : |
USD 898000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Transfix SA,” (Formerly known as Societe Nouvelle
Transfix) based in France. It was incorporated in the year 2007 and is a manufacturer of electric
power distributor transformers, arc-welding transformer, flucorescent ballast
and transmission and distribution voltage regulators. As per financials of March 2017, the company has registered a growth
of 37.67% in its revenue as compared to its previous year’s revenue and has
reported good profit margin of 10.59%. Rating takes into consideration the company’s satisfactory track
record of business operations marked by sound financial risk profile along
with debt free balance sheet and decent liquidity position. Rating also takes into account the strong financial and managerial
support received from its parent company and well experienced management team. However, rating strength is partially offset by negative reserves of
the company. Payments are reported to be slow but correct. 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 |
CRISIL |
|
Rating |
Long term rating : B (Issuer non cooperative) |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk |
|
Date |
14.08.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 23.03.2018
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
|
Name : |
Mr. Ashok Ghargire |
|
Designation : |
Senior Officer Finance |
|
Contact No.: |
91-20-66495334 |
|
Date : |
22.03.2018 |
LOCATIONS
|
Registered Office/ Works : |
E-90, Ranjangaon MIDC, Ranjangaon, Taluka- Shirur, Pune – 412208,
Maharashtra, India |
|
Tel. No.: |
91-20-66495300/ 91-2138-612000 |
|
Fax No.: |
91-20-66495205/ 91-2138-612005 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Office No.:102, First Floor, “Anand Emerald”, A Wing, Plot No.10-14, Sr.
No.:231/1-2, Sakore Nagar, Air Port Road (Viman Nagar), Pune-411014,
Maharashtra, India |
|
|
|
|
Administrative
Office : |
Survey No. 232/1+2, “Anand Emerald”, 1st Floor, Office
No.101 and 102, Sakore Nagar (Viman Nagar), Lohegaon, Pune – 411014, Maharashtra,
India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Alexandre Samy Ramat |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
206 Chemin Dela Chapelle, 07500, Guilherand-Granges, France |
||||||||
|
Date of Birth/Age : |
07.04.1960 |
||||||||
|
Date of Appointment : |
25.04.2013 |
||||||||
|
DIN No.: |
06566962 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Stephane Prin |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
33, Rue Du Bousquet Laloubere 65310 France |
||||||||
|
Date of Appointment : |
26.05.2016 |
||||||||
|
DIN No.: |
07528917 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Michel Andre Pierre Hibon |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
696 Chemin N Du Pont De Champagne, Cahors - 46000, France |
||||||||
|
Date of
Birth/Age : |
24.05.1950 |
||||||||
|
Date of
Appointment : |
15.10.2009 |
||||||||
|
DIN No.: |
01403834 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Francoise Brigitte Genevieve Bacqueyrisses Gacs |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
157, Boulevard George, 5 Talence, France – 033400 |
||||||||
|
Date of Birth/Age : |
25.06.1945 |
||||||||
|
Date of Appointment : |
29.12.2012 |
||||||||
|
DIN No.: |
05293089 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Philippe Bourrieres |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
38 Rue Arnaud Beraldy, Pradines, 46090, France |
||||||||
|
Date of Birth/Age : |
20.02.1955 |
||||||||
|
Date of Appointment : |
08.06.2012 |
||||||||
|
DIN No.: |
05293132 |
||||||||
|
|
|
||||||||
|
Name : |
Jean Bertrand Andre Bacqueyrisses |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
22 Ave Pierre Brossolette, Le Bouscat, 033110, France |
||||||||
|
Date of Birth/Age : |
12.05.1948 |
||||||||
|
Date of Appointment : |
08.06.2012 |
||||||||
|
DIN No.: |
05297247 |
||||||||
|
|
|
||||||||
|
Name : |
Philippe Alain Gerard Claude Rostain |
||||||||
|
Designation : |
Casual Vacancy Director |
||||||||
|
Address : |
53 Rue De Lechiquies, Paris – 75010, France |
||||||||
|
Date of Birth/Age : |
01.06.1943 |
||||||||
|
Date of Appointment : |
15.10.2009 |
||||||||
|
DIN No.: |
01404663 |
||||||||
|
Other
Directorship :
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashok Ghargire |
|
Designation : |
Senior Officer Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Transfix SA (Formerly Known As Societe Nouvelle Transfix, France) |
40110999 |
99.98 |
|
Devesh Sharad Tudekar |
10000 |
0.02 |
|
Total |
40120999 |
100.00 |
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image019.gif)
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
99.98 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter, importer, supplier of electric power distribution transformers, arc-welding transformers, etc and provide services of nauva walk in step up transformer substation, series active filter and metering panels. . (Registered Activity and also Confirmed by management) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
France |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
France |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Cheque, Others (NEFT) |
||||
|
|
|
||||
|
Purchasing : |
L/C and Cheque, Others (NEFT) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
VPB and Associates Chartered Accountants |
|
Address : |
K-6/2, Laxmiprabha, Erandwana Society, Opposite Seva Sadan School, Erandwana, Pune-411004, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFB2219H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Transfix SA (Formerly Known As Societe Nouvelle Transfix, France) |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40250000 |
Equity Shares |
INR 10/- each |
INR 402.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40120999 |
Equity Shares |
INR 10/- each |
INR 401.210
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 |
401.210 |
401.210 |
401.210 |
|
(b) Reserves and Surplus |
(86.827) |
(134.591) |
(36.427) |
|
(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) |
314.383 |
266.619 |
364.783 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
48.930 |
52.983 |
46.879 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
8.704 |
0.184 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.803 |
5.437 |
3.565 |
|
Total Non-current
Liabilities (3) |
55.733 |
67.124 |
50.628 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
34.280 |
62.843 |
32.982 |
|
(b) Trade
payables |
95.748 |
112.212 |
54.147 |
|
(c) Other
current liabilities |
42.452 |
44.000 |
27.668 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
172.480 |
219.055 |
114.797 |
|
|
|
|
|
|
TOTAL |
542.596 |
552.798 |
530.208 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
308.341 |
326.469 |
326.704 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.037 |
|
(iii) Tangible assets capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
13.041 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
2.096 |
2.146 |
2.468 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.156 |
|
Total Non-Current
Assets |
323.478 |
328.615 |
329.365 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.686 |
0.686 |
|
(b)
Inventories |
85.255 |
88.647 |
73.387 |
|
(c) Trade
receivables |
68.000 |
67.293 |
42.965 |
|
(d) Cash and
bank balances |
13.452 |
14.159 |
36.140 |
|
(e)
Short-term loans and advances |
14.412 |
5.418 |
3.598 |
|
(f) Other
current assets |
37.999 |
47.980 |
44.067 |
|
Total
Current Assets |
219.118 |
224.183 |
200.843 |
|
|
|
|
|
|
TOTAL |
542.596 |
552.798 |
530.208 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
450.934 |
327.553 |
315.269 |
|
|
Other Income |
29.208 |
4.040 |
27.383 |
|
|
TOTAL |
480.142 |
331.593 |
342.652 |
|
|
|
(Due to business
growth) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
301.763 |
282.328 |
229.702 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
9.358 |
(33.293) |
4.358 |
|
|
Employee benefit expense |
50.057 |
48.873 |
37.391 |
|
|
Other expenses |
65.409 |
73.458 |
41.251 |
|
|
Extraordinary items |
0.000 |
19.609 |
0.000 |
|
|
TOTAL |
426.587 |
390.975 |
312.702 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
53.555 |
(59.382) |
29.950 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.309 |
12.915 |
6.620 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.246 |
(72.297) |
23.330 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.227 |
17.347 |
20.087 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
26.019 |
(89.644) |
3.243 |
|
|
|
|
|
|
|
Less |
TAX |
(21.745) |
8.520 |
(8.634) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
47.764 |
(98.164) |
11.877 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
213.393 |
204.785 |
249.230 |
|
|
TOTAL EARNINGS |
213.393 |
204.785 |
249.230 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
31.518 |
47.247 |
39.180 |
|
|
Capital Goods |
0.000 |
17.704 |
0.000 |
|
|
TOTAL IMPORTS |
31.518 |
64.951 |
39.180 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.19 |
(2.45) |
0.30 |
Expected Sales (2017-2018) : INR 500.000 Million (Due to business
growth)
The above information has been parted by Mr. Ashok Ghargire (Senior Officer
Finance)
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 flows from (used in) operations |
51.841 |
(29.472) |
51.765 |
|
Net cash flow from operating activity |
51.841 |
(29.472) |
51.765 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
55.04 |
74.99 |
49.74 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.63 |
4.87 |
7.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
115.81 |
145.07 |
86.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.63 |
(0.67) |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.17 |
(0.18) |
0.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.41 |
0.49 |
0.30 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.26 |
0.43 |
0.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.55 |
0.82 |
0.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.98 |
1.22 |
0.90 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.33 |
(4.60) |
4.52 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
10.59 |
(29.97) |
3.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.80 |
(17.76) |
2.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.19 |
(36.82) |
3.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.27 |
1.02 |
1.75 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.62 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.48 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.21 |
0.29 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.27 |
1.02 |
1.75 |
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 |
401.210 |
401.210 |
401.210 |
|
Reserves & Surplus |
(36.427) |
(134.591) |
(86.827) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
364.783 |
266.619 |
314.383 |
|
|
|
|
|
|
Long-term borrowings |
46.878 |
52.983 |
48.930 |
|
Short term borrowings |
32.982 |
62.843 |
34.280 |
|
Total
borrowings |
79.860 |
115.826 |
83.210 |
|
Debt/Equity
ratio |
0.219 |
0.434 |
0.265 |
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image021.gif)
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 |
315.269 |
327.553 |
450.934 |
|
|
|
3.896 |
37.667 |
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image023.gif)
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 |
315.269 |
327.553 |
450.934 |
|
Profit/ (Loss) |
11.877 |
(98.164) |
47.764 |
|
|
3.77% |
(29.97%) |
10.59% |
%20PRIVATE%20LIMITED%20-%20499294%2023-Mar-2018_files/image024.gif)
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 |
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
Transfix India Private Limited 100% subsidiary of Societe Nouvelle Transfix S A, France, having its administrative office at Survey No. 232/1+2, “Anand Emerald”, 1st Floor, Office No.101 and 102, Sakore Nagar (Viman Nagar), Lohegaon, Pune - 411014 and registered office and production facility at Plot No. E 90, MIDC, Ranjangaon, Village Karegaon, Pune for manufacture of Transformers.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK:
The Company has incurred profit of INR 47.764 Million during this financial year compared to loss of INR 98.164 Million in the previous financial year. The Company is expecting an increase in profit in upcoming years.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Loans and advances from related parties |
48.930 |
52.983 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
34.280 |
62.843 |
|
Total |
83.210 |
115.826 |
INDEX
OF CHARGES
No Charges Exists for Company
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Outstanding bank guarantee issued to customers |
18.576 |
7.134 |
|
Contingent Liability towards SVB |
2.767 |
2.247 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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.