|
|
|
MIRA INFORM REPORT
|
Report No. : |
500057 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CTM INDIA LIMITED |
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|
|
|
Formerly Known
As : |
SMIEL MOULDINGS LIMITED SMIEL MOULDINGS (PRIVATE) LIMITED |
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Registered
Office : |
2nd Floor, F-7, Block B-1, Mohan Cooperative Industrial Estate,
Mathura Road, Delhi – 110044 |
|
Tel. No.: |
91-11-40555940 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.05.1998 |
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|
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Com. Reg. No.: |
55-093544 |
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Capital
Investment / Paid-up Capital : |
INR 28.806 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1998PLC093544 |
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IEC No.: [Import-Export
Code No.] |
0500057559 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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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.] |
AABCC4656J |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing of Moulds for Automobiles.
(Registered Activity) |
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|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1400000 |
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|
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1998 and it
is having good track records. It is a Joint Venture between Atar Mauritius Private Limited and Samvardhana Motherson International
Limited, where it holds 59% and 41% shareholding respectively. For the financial
year 2017, the company has registered decrease its revenue from operations as
compared to previous year but maintained decent profitability margin of
16.23%. Rating takes into
consideration sound financial profile of the company marked by healthy
networth base and debt free balance sheet. Further, rating also reflects from its strong holding company support,
well established track records of business operation along with market
position and improvement in the profitability profile during the year. Trade relations are reported as fair. Business is active. Payments
terms are seem 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
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 26.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
LOCATIONS
|
Registered Office : |
2nd Floor, F-7, Block B-1, Mohan Cooperative Industrial Estate,
Mathura Road, Delhi – 110044, India |
|
Tel. No.: |
91-11-40555940 |
|
Fax No.: |
91-11-40555940 |
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E-Mail : |
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Website: |
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Corporate Headquarters : |
Plot No.1, Sector-127, Noida-Greater Noida, Expressway,
Noida - 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-6679500 |
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Fax No.: |
91-120-6679270 |
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E-Mail : |
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Factory: |
Plot No. A4, Survey No. 425pt, 439pt, Sipcot Industrial Growth Centre, Chengalpattu – Sriperumbudur Road, Oragadam, Kanchipuram District – 602105, Tamilnadu, India |
|
Tel. No.: |
91-9840978077 |
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E-Mail : |
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|
|
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Europe Headquarters: |
MSSL Gmbh, Hailerer StraBe 24, 63571 Gelnhausen, Germany |
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Tel. No.: |
+49 (0) 6051 – 91524 – 0 +49 (0) 6051 – 91524 – 99 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ashok Tandon |
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Designation : |
Director |
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Address : |
H1A- 141, DLF Westend Heights, Phase-V, Gurgaon - 122009,
Haryana, India |
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Date of Birth/Age : |
20.02.1951 |
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Date of Appointment : |
12.06.2003 |
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DIN No.: |
00032733 |
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Other Directorship:
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Name : |
Mr. Bimal Dhar |
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Designation : |
Director |
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Address : |
Dubai Properties 38 - 010, 251 - Mirdif, Dubai, Dubai,
8388, United Arab Emirates |
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Date of Birth/Age : |
14.06.1953 |
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Date of Appointment : |
07.12.2006 |
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DIN No.: |
00297938 |
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Other Directorship:
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Name : |
Mr. Rakesh Satwah |
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Designation : |
Director |
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Address : |
5E, Dugar Enclave, 10th Main Road, Behind SMF Hospital,
Anna Nagar, Chennai - 600040, Tamilnadu, India |
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Date of Birth/Age : |
29.10.1962 |
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Date of Appointment : |
11.12.2000 |
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DIN No.: |
00474189 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Samvardhana Motherson International Limited, India |
|
1181040 |
|
Atar Mauritius Private Limited |
|
1699240 |
|
Bimal Dhar |
|
10 |
|
Vivek Avasthi |
|
100 |
|
Geeta Soni |
|
50 |
|
Ashok Tandon |
|
50 |
|
Rohitash Gupta |
|
50 |
|
Manoj Maheshwari |
|
50 |
|
Rajesh Srivastava |
|
10 |
|
Total |
|
2880600 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.08.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing of Moulds for Automobiles.
(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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
R K Khanna and Company Chartered Accountants |
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Address : |
D-41, New Delhi, South Extension, Part-II, New Delhi – 110049, India |
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Tel. No.: |
91-11-41644996/26253522 |
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Fax No.: |
91-11-46014099 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFR9497E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Joint Venture: |
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Fellow
Subsidiaries: |
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Associate
Companies: |
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Companies I Enterprises
in which Key Managerial Personnel or their relatives have significant
influence: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2880600 |
Equity Shares |
INR 10/- each |
INR 28.806 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28.806 |
28.806 |
28.806 |
|
(b) Reserves &
Surplus |
466.519 |
320.721 |
233.751 |
|
(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) |
495.325 |
349.527 |
262.557 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
20.712 |
48.712 |
|
(b) Deferred tax
liabilities (Net) |
16.495 |
6.395 |
8.097 |
|
(c) Other long term
liabilities |
7.423 |
5.537 |
4.181 |
|
(d) long-term provisions |
2.371 |
2.890 |
2.301 |
|
Total Non-current
Liabilities (3) |
26.289 |
35.534 |
63.291 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
83.124 |
113.057 |
72.390 |
|
(c) Other current
liabilities |
441.356 |
339.636 |
514.046 |
|
(d) Short-term provisions |
185.886 |
212.073 |
168.419 |
|
Total Current Liabilities
(4) |
710.366 |
664.766 |
754.855 |
|
|
|
|
|
|
TOTAL |
1231.980 |
1049.827 |
1080.703 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
381.876 |
275.255 |
316.582 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.714 |
|
(iii) 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 |
33.320 |
33.320 |
33.320 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
74.419 |
48.881 |
20.444 |
|
(e) Other Non-current
assets |
24.565 |
128.064 |
17.449 |
|
Total Non-Current Assets |
514.180 |
485.520 |
388.509 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
231.444 |
170.844 |
274.396 |
|
(c) Trade receivables |
124.019 |
79.776 |
96.502 |
|
(d) Cash and cash
equivalents |
144.129 |
134.019 |
144.155 |
|
(e) Short-term loans and
advances |
214.446 |
174.591 |
175.687 |
|
(f) Other current assets |
3.762 |
5.077 |
1.454 |
|
Total Current Assets |
717.800 |
564.307 |
692.194 |
|
|
|
|
|
|
TOTAL |
1231.980 |
1049.827 |
1080.703 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
898.382 |
962.372 |
698.931 |
|
|
Other Income |
26.143 |
19.953 |
12.242 |
|
|
TOTAL |
924.525 |
982.325 |
711.173 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
335.377 |
289.713 |
366.867 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(60.643) |
103.284 |
(101.702) |
|
|
Employees benefits
expense |
165.144 |
125.498 |
102.451 |
|
|
Other expenses |
187.665 |
183.740 |
178.620 |
|
|
TOTAL |
627.543 |
702.235 |
546.236 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
296.982 |
280.090 |
164.937 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
9.698 |
11.245 |
14.766 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
287.284 |
268.845 |
150.171 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
65.386 |
45.589 |
46.703 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
221.898 |
223.256 |
103.468 |
|
|
|
|
|
|
|
Less |
TAX |
76.100 |
80.709 |
35.411 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
145.798 |
142.547 |
68.057 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
267.402 |
194.687 |
168.602 |
|
|
|
|
|
|
|
Assets balance written
off |
0.000 |
0.000 |
(0.601) |
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed dividend |
0.000 |
46.090 |
28.806 |
|
|
Dividend distribution tax
on proposed dividend |
0.000 |
9.383 |
5.759 |
|
|
Balance dividend tax for
previous year |
0.000 |
0.104 |
0.000 |
|
|
Transfer to general
reserve |
0.000 |
14.255 |
6.806 |
|
|
Balance Carried to the
B/S |
413.200 |
267.402 |
194.687 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
33.505 |
191.205 |
0.696 |
|
|
TOTAL EARNINGS |
33.505 |
191.205 |
0.696 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
139.555 |
119.933 |
199.036 |
|
|
Capital Goods |
156.660 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
296.215 |
119.933 |
199.036 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
50.61 |
49.49 |
23.63 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
20.712 |
28.000 |
28.000 |
|
|
|
|
|
|
Cash generated from operations |
234.663 |
103.874 |
162.997 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
235.283 |
90.594 |
162.265 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
50.39 |
30.26 |
50.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.24 |
12.06 |
7.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
90.47 |
142.44 |
72.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.28 |
1.64 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.78 |
1.02 |
0.52 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.59 |
0.68 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.14 |
0.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.43 |
1.90 |
2.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.77 |
0.79 |
1.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
30.62 |
24.91 |
11.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
16.23 |
14.81 |
9.74 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.83 |
13.58 |
6.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
29.43 |
40.78 |
25.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
0.85 |
0.92 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.68 |
0.59 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.33 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.72 |
1.69 |
2.66 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
0.85 |
0.92 |
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 |
28.806 |
28.806 |
28.806 |
|
Reserves & Surplus |
233.751 |
320.721 |
466.519 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
262.557 |
349.527 |
495.325 |
|
|
|
|
|
|
Long Term borrowings |
48.712 |
20.712 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
28.000 |
28.000 |
20.712 |
|
Total
borrowings |
76.712 |
48.712 |
20.712 |
|
Debt/Equity
ratio |
0.292 |
0.139 |
0.042 |
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
|
698.931 |
962.372 |
898.382 |
|
|
|
37.692 |
(6.649) |
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
|
698.931 |
962.372 |
898.382 |
|
Profit |
68.057 |
142.547 |
145.798 |
|
|
9.74% |
14.81% |
16.23% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
28.806 |
28.806 |
|
(b) Reserves &
Surplus |
|
502.283 |
337.735 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
531.089 |
366.541 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
20.712 |
|
(b) Deferred tax
liabilities (Net) |
|
16.495 |
6.395 |
|
(c) Other long term
liabilities |
|
7.423 |
5.537 |
|
(d) long-term provisions |
|
2.371 |
2.890 |
|
Total Non-current
Liabilities (3) |
|
26.289 |
35.534 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
83.124 |
113.057 |
|
(c) Other current
liabilities |
|
441.356 |
339.636 |
|
(d) Short-term provisions |
|
185.886 |
212.073 |
|
Total Current Liabilities
(4) |
|
710.366 |
664.766 |
|
|
|
|
|
|
TOTAL |
|
1267.744 |
1066.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
381.876 |
275.255 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
69.084 |
50.334 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
74.419 |
48.881 |
|
(e) Other Non-current
assets |
|
24.565 |
128.064 |
|
Total Non-Current Assets |
|
549.944 |
502.534 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
231.444 |
170.844 |
|
(c) Trade receivables |
|
124.019 |
79.776 |
|
(d) Cash and cash
equivalents |
|
144.129 |
134.019 |
|
(e) Short-term loans and
advances |
|
214.446 |
174.591 |
|
(f) Other current assets |
|
3.762 |
5.077 |
|
Total Current Assets |
|
717.800 |
564.307 |
|
|
|
|
|
|
TOTAL |
|
1267.744 |
1066.841 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
898.382 |
962.372 |
|
|
Other Income |
|
26.143 |
19.953 |
|
|
TOTAL |
|
924.525 |
982.325 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
335.377 |
289.713 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(60.643) |
103.284 |
|
|
Employees benefits
expense |
|
165.144 |
125.498 |
|
|
Other expenses |
|
187.665 |
183.740 |
|
|
TOTAL |
|
627.543 |
702.235 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
296.982 |
280.090 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
9.698 |
11.245 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
287.284 |
268.845 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
65.386 |
45.589 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
221.898 |
223.256 |
|
|
|
|
|
|
|
Less |
TAX |
|
57.350 |
76.599 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
164.548 |
146.657 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
57.12 |
50.91 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
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
The Company was incorporated on May 1, 1998. It is a joint venture between ATAR Mauritius Private Limited, a company incorporated in Mauritius and Samvardhana Motherson International Limited, a company incorporated in India. ATAR Mauritius Private Limited and Samvardhana Motherson International Limited hold 59% and 41% of the shareholding respectively in the company. The company is engaged in the manufacturing of moulds for automobiles.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01379916 |
90058230 |
AXIS BANK LIMITED |
11/09/2003 |
28/03/2016 |
- |
530000000.0 |
CORPORATE BANKING
BRANCHNO.192 ANNA SALAICHENNAITN600002IN |
|
2 |
Y10137598 |
90057503 |
LORD KRISHNA BANK
LIMITED |
28/06/2001 |
13/02/2002 |
25/03/2004 |
56300000.0 |
K-2; GROUND
FLOORSOMDATT CHAMBERS; SECTOR-18NOIDAUP201301IN |
CONTINGENT
LIABILITIES
(INR IN Million)
|
Particulars |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
Customs duty -
estimated amount |
0.000 |
0.663 |
|
Bank Guarantees |
241.165 |
158.255 |
|
Forward Cover |
2.052 |
17.926 |
|
Bonus Payable |
0.433 |
0.433 |
|
|
|
|
FIXED ASSETS:
·
Building
·
Office Equipment
·
Furniture and Fixture
·
Plant and Machinery
·
Electrical Fittings
·
Vehicles
·
Computers
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 65.13 |
|
|
1 |
INR 91.96 |
|
Euro |
1 |
INR 80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.