|
|
|
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image015.jpg){kind=small}
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image016.jpg)
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
500306 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HUAWEI TELECOMMUNICATIONS (INDIA) COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, Tower-A, Spaze I -Tech Park, Sohna Road,
Sector-49, Gurugram – 122001, Haryana |
|
Tel. No.: |
91-124-4774700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
23.07.2002 |
|
|
|
|
Com. Reg. No.: |
05-034937 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 60.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64202HR2002FTC034937 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH1376E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacture of electronic capacitors, resistors, chokes, coils, transformers (electronic) and similar components · Manufacture of integrated circuits (analog, digital or hybrid) · Manufacture of radio and television studio and broadcasting equipment, including television cameras · Manufacture of telephone and facsimile equipment, including telephone answering machines, PBX · Manufacture of data communications equipment, such as bridges, routers and gateways · Manufacture of other communication equipment’s · Installation of Industrial machinery and equipment · Other electrical installation · Retail sale of Telecommunications (traded goods). [Registered
Activity] |
|
|
|
|
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+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a subsidiary of “Huawei Technologies Cooperatief U.A” based in Netherland
but its ultimate holding is “Huawei Investment & Holding Co., Ltd” based
in China. It was
incorporated in the year 2002 and engaged in providing equipment products and
solutions related to telecom network. As per
Registrar of Companies, the date of filling its financials is shown as
31.03.2017 but documents related to the FY 2017 are not available from any
other sources. As per
available financials of March 2016, the company has registered growth of
148.36% in its revenue as compared to its previous year’s revenue and has
reported good profit margin of 8.25% under review. Rating takes
into consideration the company’s established track record of business
operations marked by healthy net worth base along with average debt coverage
indicators and good liquidity position. Rating
also takes into account the strong financial and managerial support received
from its holding entity and well experienced management team. Further,
the company has reported a good earnings per share of INR 625.48 against its
face value of INR 10. Furthermore,
“Huawei Investment & Holding Co., Ltd” has been ranked 83th in the Global
Fortune 500 list. Payments
terms seem to be regular as per commitments. In view of aforesaid, the company can be considered good for business dealing at normal 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 28.03.2018
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
Management Non-Cooperative (91-124-4774700)
LOCATIONS
|
Registered Office : |
7th Floor, Tower-A, Spaze I -Tech Park, Sohna Road,
Sector-49, Gurugram – 122001, Haryana, India |
|
Tel. No.: |
91-124-4774700 |
|
Fax No.: |
91-124-4774863 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Qiuen Peng |
|
Designation : |
Additional Director |
|
Address : |
4C, Block 4, Bi Yuan, Bi Hua Ting Ju, Futian Shenzhen
Guangdong, China |
|
Date of Appointment : |
16.09.2016 |
|
DIN No.: |
06788326 |
|
|
|
|
Name : |
Jinge Li |
|
Designation : |
Additional Director |
|
Address : |
10B, Hai Xia Ge, Hai Zhu Cheng, Nanshan Guangdong, China |
|
Date of Appointment : |
16.09.2016 |
|
DIN No.: |
06839543 |
|
|
|
|
Name : |
Mingjie Chen |
|
Designation : |
Additional Director |
|
Address : |
Flat No.1601, Building No. 52 Seawoods Phase II, Sector
No.54, 56, 58, Nerul, Navi Mumbai, Mumbai – 400706, Maharashtra, India |
|
Date of Appointment : |
16.09.2016 |
|
DIN No.: |
07422311 |
KEY EXECUTIVES
|
Name : |
Mr. Gaurav Kumar Arora |
|
Designation : |
Company Secretary |
|
Address : |
House No.156, Pocket B-7, Sector-4, Rohini, New Delhi –
110085, India |
|
Date of Birth/Age : |
25.05.1976 |
|
Date of Appointment : |
25.03.2009 |
|
PAN No.: |
AETPA0161M |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Huawei Tech Investment Co. Limited, China |
593395 |
9.89 |
|
Huawei Technologies Cooperatief U.A, Netherlands |
5406605 |
90.11 |
|
|
|
|
|
Total |
6000000 |
100.00 |
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
90.11 |
|
Public/Other than promoters [Body corporate] |
9.89 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacture of electronic capacitors, resistors, chokes, coils, transformers (electronic) and similar components · Manufacture of integrated circuits (analog, digital or hybrid) · Manufacture of radio and television studio and broadcasting equipment, including television cameras · Manufacture of telephone and facsimile equipment, including telephone answering machines, PBX · Manufacture of data communications equipment, such as bridges, routers and gateways · Manufacture of other communication equipment’s · Installation of Industrial machinery and equipment · Other electrical installation · Retail sale of Telecommunications (traded goods). [Registered
Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower B, DLF Cyber City, Phase II, Gurugram, Haryana, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Companies: |
· Huawei Technologies Co. Limited, China · Huawei Technologies Cooperatief U.A., Netherlands |
|
|
|
|
Fellow Subsidiary Companies : |
· Huawei International Pte. Limited, China · Huawei Tech Investment Co. Limited, China · Shenzhen Smartcom Business Limited, China · Huawei Technologies Nepal Company Private limited, Nepal ·
Huawei Technologies India Private Limited,
India |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
60.000 |
60.000 |
60.000 |
|
(b) Reserves & Surplus |
6219.449 |
2466.556 |
(1837.114) |
|
(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) |
6279.449 |
2526.556 |
(1777.114) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3319.250 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
785.833 |
381.179 |
241.856 |
|
Total Non-current
Liabilities (3) |
4105.083 |
381.179 |
241.856 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4780.000 |
8755.000 |
11915.000 |
|
(b) Trade
payables |
15701.188 |
10390.621 |
9083.327 |
|
(c) Other
current liabilities |
4991.894 |
5841.218 |
2316.045 |
|
(d) Short-term provisions |
2063.216 |
2145.272 |
1324.819 |
|
Total Current
Liabilities (4) |
27536.298 |
27132.111 |
24639.191 |
|
|
|
|
|
|
TOTAL |
37920.830 |
30039.846 |
23103.933 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
578.685 |
366.101 |
499.715 |
|
(ii)
Intangible Assets |
30.414 |
25.703 |
42.043 |
|
(iii)
Capital work-in-progress |
18.949 |
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) |
1227.225 |
1400.819 |
0.000 |
|
(d)
Long-term Loan and Advances |
2451.694 |
2516.890 |
2636.698 |
|
(e) Other
Non-current assets |
0.138 |
0.230 |
44.442 |
|
Total Non-Current
Assets |
4307.105 |
4309.743 |
3222.898 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
15532.456 |
7871.581 |
3003.676 |
|
(c) Trade
receivables |
13351.487 |
12007.840 |
8865.969 |
|
(d) Cash
and cash equivalents |
2028.742 |
1809.280 |
991.828 |
|
(e)
Short-term loans and advances |
240.964 |
319.890 |
148.282 |
|
(f) Other
current assets |
2460.076 |
3721.512 |
6871.280 |
|
Total
Current Assets |
33613.725 |
25730.103 |
19881.035 |
|
|
|
|
|
|
TOTAL |
37920.830 |
30039.846 |
23103.933 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
45479.931 |
18312.122 |
10661.997 |
|
|
|
|
Other Income |
104.630 |
124.321 |
10.056 |
|
|
|
|
TOTAL |
45584.561 |
18436.443 |
10672.053 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
3456.087 |
2847.136 |
2479.019 |
|
|
|
|
Purchase of Stock-in-trade |
27447.743 |
7507.168 |
1338.359 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(6566.100) |
(4540.833) |
(1772.718) |
|
|
|
|
Employee Benefits Expenses |
4134.669 |
3161.553 |
2438.889 |
|
|
|
|
Exceptional Items |
1061.127 |
(497.162) |
(1620.998) |
|
|
|
|
Other Expenses |
9583.204 |
5212.917 |
4273.118 |
|
|
|
|
TOTAL |
39116.730 |
13690.779 |
7135.669 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6467.831 |
4745.664 |
3536.384 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
657.964 |
982.668 |
1398.295 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5809.867 |
3762.996 |
2138.089 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
195.472 |
308.556 |
285.948 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
5614.395 |
3454.440 |
1852.141 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
1861.502 |
(849.229) |
265.485 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
3752.893 |
4303.669 |
1586.656 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB value of Exports |
25743.758 |
0.000 |
0.000 |
|
|
|
|
Other Earnings |
2441.082 |
2142.905 |
1607.374 |
|
|
|
TOTAL EARNINGS |
28184.840 |
2142.905 |
1607.374 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
1562.111 |
1068.615 |
774.607 |
|
|
|
|
Components and spare parts |
953.754 |
405.648 |
228.236 |
|
|
|
|
Capital Goods |
235.637 |
36.770 |
55.153 |
|
|
|
TOTAL IMPORTS |
2751.502 |
1511.033 |
1057.996 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
625.48 |
717.28 |
264.44 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
3916.950 |
5772.157 |
8078.351 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
107.15 |
239.34 |
303.52 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.41 |
1.53 |
1.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
185.44 |
366.28 |
868.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.42 |
0.60 |
1.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
10.30 |
12.11 |
6.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.90 |
1.07 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.29 |
3.47 |
(6.70) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.39 |
10.74 |
(13.86) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.10 |
0.16 |
(0.30) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.83 |
4.83 |
2.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
8.25 |
23.50 |
14.88 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.90 |
14.33 |
6.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
59.76 |
170.34 |
(89.28) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.22 |
0.95 |
0.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.66 |
0.66 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.08 |
(0.08) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
134.99 |
145.92 |
198.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.22 |
0.95 |
0.81 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
60.000 |
60.000 |
60.000 |
|
Reserves & Surplus |
(1837.114) |
2466.556 |
6219.449 |
|
Net
worth |
(1777.114) |
2526.556 |
6279.449 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
3319.250 |
|
Short Term borrowings |
11915.000 |
8755.000 |
4780.000 |
|
Total
borrowings |
11915.000 |
8755.000 |
8099.250 |
|
Debt/Equity
ratio |
(6.705) |
3.465 |
1.290 |
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
10661.997 |
18312.122 |
45479.931 |
|
|
|
71.751 |
148.360 |
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image024.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
10661.997 |
18312.122 |
45479.931 |
|
Profit/(Loss) |
1586.656 |
4303.669 |
3752.893 |
|
|
14.88% |
23.50% |
8.25% |
%20COMPANY%20PRIVATE%20LIMITED%20-%20500306%2028-Mar-2018_files/image026.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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF
BUSINESS
Manufacture of electronic capacitors, resistors, chokes, coils, transformers (electronic) and similar components, Manufacture of integrated circuits (analog, digital or hybrid), Manufacture of radio and television studio and broadcasting equipment, including television cameras, Manufacture of telephone and facsimile equipment, including telephone answering machines, PBX, Manufacture of data communications equipment, such as bridges, routers and gateways, Manufacture of data communications equipment, such as bridges, routers and gateways, Manufacture of other communication equipment’s N.E.C Installation of Industrial machinery and equipment, Other electrical installation N.E.C Retail sale of Telecommunications (traded goods).
YEAR IN RETROSPECT
During this financial year, the Company has recorded a net profit of INR 3752.893 million and the Board of Directors of the company is of the view that the Company shall achieve the new heights in terms of the financial position as well as profitability of the Company in coming years.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Term loans from others |
3319.250 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
4780.000 |
8755.000 |
|
|
|
|
|
Total |
8099.250 |
8755.000 |
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
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 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NKT |
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.