|
|
|
MIRA
INFORM REPORT
|
Report No. : |
501174 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIGMA FREUDENBERG NOK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
KH. No. 965 & 966, F1 5/2, First Floor, Satbari, South West Delhi,
Delhi-110074 |
|
Tel. No.: |
91-11-42411605 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
04.09.2000 |
|
|
|
|
Com. Reg. No.: |
55-107504 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 135.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U11202DL2000PTC107504 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
07AAFCS0306K1ZJ |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS0306K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Oil Seals. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 5790600 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject acts as a subsidiary of “Nok Freudenberg Asia Holding Co. Pte Ltd, Germany” incorporated in the year 2000 and it is having a fine track record. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per available financial of 2016, the company has achieved marginal growth in its revenue as compared to its previous year and has maintained average profit margin during the year. Rating takes into consideration, the robust financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track
record of its business operations backed by its strong managerial and
financial support from its holding entity. Payments seems to be regular. In view of aforesaid, the company can be considered for business dealing 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 |
ICRA |
|
Rating |
Long Term Rating=A+ [Withdrawn] |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
11.02.2016 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating=A1+ [Withdrawn] |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
11.02.2016 |
Reason for Withdrawal: No amount outstanding against the rated instruments
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 31.03.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-11-42411605]
LOCATIONS
|
Registered/ Corporate Office : |
KH. No. 965 & 966, F1 5/2, First Floor, Satbari, South West Delhi,
Delhi-110074, India |
|
Tel. No.: |
91-11-42411605 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Village-Basma, P.O. – Banur, Tehsil & Distt. -
Mohali-140601, Chandigarh, India |
|
Tel. No.: |
91-1762-665400 |
|
Fax No.: |
91-1762-665405 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
B-70, Industrial Area, Phase-VII, Sector-73,
Mohali-160055, Chandigarh, India |
|
Tel. No.: |
91-172-6629100 |
|
Fax No.: |
91-172-5093876 |
|
|
|
|
Sales Offices : |
Located at: Plot No. -12, Udyog Vihar, Phase-IV, Gurgaon - 122015, Haryana, India The Milange, Office No. 505, Plot No - 391/1 & 392/2, Old Pune - Mumbai Road, Opp. Sandvik Asia, Fugewadi, Pune - 411012, Maharashtra, India New No. 106 (Old No.137), 7th Main, 4th Block, Jayanagar, First Floor, No.10, Big Street, Keelkattalai, Chennai -
600 117, Tamilnadu, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Jiro IIDA |
|
Designation : |
Nominee Director |
|
Address : |
6-28-20 Wadatanakamachi, Takasaki-Shi Gummaken 3700844 JP |
|
Date of Birth/Age : |
09.04.1955 |
|
Qualification : |
Bachelor's Degree in Mechanical Engineering, Waseda University, Japan |
|
Date of Appointment : |
27.06.2003 |
|
DIN No.: |
00084839 |
|
|
|
|
Name : |
Claus Dieter Mohlenkamp |
|
Designation : |
Director |
|
Address : |
Weinstr, 602 67434 Neustadt 0000 De |
|
Date of Birth/Age : |
15.10.1965 |
|
Qualification : |
Bachelor Degree in Engineering and Economics |
|
Date of Appointment : |
13.05.2008 |
|
DIN No.: |
02875299 |
|
|
|
|
Name : |
Simran Lakhwinder Singh |
|
Designation : |
Alternate Director |
|
Address : |
KH NO. 965 & 966, F-15/2, First Floor, Satbari, New Delhi-110074, India |
|
Date of Appointment : |
25.07.2017 |
|
DIN No.: |
02930574 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Sud |
|
Designation : |
Director |
|
Address : |
1115 Sector-36c, Chandigarh-160036, India |
|
Date of Appointment : |
27.07.2017 |
|
DIN No.: |
06608027 |
|
|
|
|
Name : |
Ludger Neuwinger Heimes |
|
Designation : |
Director |
|
Address : |
Michael-Ende-Weg 7 68519 Viernheim Viernheim 68519 De |
|
Date of Birth/Age : |
12.06.1958 |
|
Qualification : |
Master in Economics, University of Hamburg, Germany |
|
Date of Appointment : |
10.02.2014 |
|
DIN No.: |
06803354 |
|
|
|
|
Name : |
Mr. Sanjibkumar Sitalprasad Das |
|
Designation : |
Wholetime Director |
|
Address : |
A-206, Springfields Apartments, Sarjapur Road, Bangalore-560102, Karnataka, India |
|
Date of Appointment : |
27.07.2017 |
|
DIN No.: |
07293438 |
|
|
|
|
Name : |
Mr. Devinder Singh Saini |
|
Designation : |
Director |
|
Address : |
Kothi No. - 3164 Sector - 71, S.A.S. Nagar, Mohali-160071, Punjab, India |
|
Date of Appointment : |
27.07.2017 |
|
DIN No.: |
07804700 |
|
|
|
|
Name : |
Mr. Martin Alan Jones |
|
Designation : |
Alternate Director |
|
Address : |
E 10/1 Upper, Ground Floor, Vasant, Vihar-110057 |
|
Date of Birth/Age : |
10.05.1960 |
|
Date of Appointment : |
20.02.2018 |
|
DIN No.: |
07980414 |
KEY EXECUTIVES
|
Name : |
Mr. Himani Singh |
|
Designation : |
Company Secretary |
|
Address : |
E-1/1, Police Staff Quarters, Model Town 1st, New Delhi-110009, India |
|
Date of Appointment : |
27.07.2017 |
|
PAN No.: |
EZYPS4112J |
|
|
|
|
Name : |
Timothy Michael Cribbie |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
House No. 45, Sector 11, Chandigarh-160011, India |
|
Date of Appointment : |
11.01.2017 |
|
PAN No.: |
BOJPC9494Q |
|
|
|
|
Name : |
Mr. Sanjibkumar Sitalprasad Das |
|
Designation : |
Chief Executive Officer (KMP) |
|
Address : |
A-206, Springfields Apartments, Sarjapur Road, Bangalore-560102,
Karnataka, India |
|
Date of Appointment : |
01.06.2016 |
|
PAN No.: |
AKTPD3191L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
NOK Freudenberg Asia Holding Co. Pte Limited, Singapore |
9990000 |
74.00 |
|
Sigma Industries Limited, India |
3510000 |
26.00 |
|
|
|
|
|
Total |
13500000 |
100.00 |
AS ON: 12.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
26.00 |
|
Promoters – Others [Foreign Body Corporate] |
74.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Oil Seals. [Registered Activity] |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Canara Bank Sector-17c, Sco No. 117-119, Chandigarh - 160017, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
3rd & 6th Floor, Worldmark-1 IGI Airport Hospitality District, Aerocity, New Delhi-110037, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company
: |
Nok Freudenberg Asia Holding Co. Pte. Limited., Thailand |
|
|
|
|
Other Related Parties : |
· Freudenberg Sealing Technologies S.A.S. Di External Italia S.R.L.U · Corcos Simrit S.A.S · Freudenberg Sealing Technologies GmbH & Co. KG · Freudenberg Technical Products LP · Nok Corporation · Nok-Freudenberg Group Trading (China) Co. Limited · Dichtomatic Vertrie · Merkel Nok Freudenberg Co. Limited · NOK Asia Company Pte. Limited · Burgmann Sealing Materials Co. · Freudenberg Forschungdienste KG · Freudenberg Joints Plats SAS · Freudenberg NOK General Partnership · Freudenberg Sealing Technologies S.A.S. · Freudenberg Schwingungstechnik · Freudenberg New Technologies SE & Co Kg. · Freudenberg Simrit LP · Freudenberg Vliesstoffe KG · Freudenberg DS Tooling Center GmbH · DS Holding GmbH · Freudenberg SE |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Sigma Moulds & Stamping Private Limited · K J P & Associates · Right Guard Rubber Private Limited · Sigma Automotive Materials Private Limited · Trel leborg Vibracoustic (India) Private Limited · Sigma Corporation (India) Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13500000 |
Equity Shares |
INR 10/- each |
INR 135.000 Million |
|
1500000 |
Preference Shares |
INR 10/- each |
INR 15.000 Million |
|
|
Total |
|
INR 150.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13500000 |
Equity Shares |
INR 10/- each |
INR 135.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
135.000 |
135.000 |
135.000 |
|
(b) Reserves and Surplus |
1891.740 |
1645.106 |
1397.027 |
|
(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) |
2026.740 |
1780.106 |
1532.027 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
95.721 |
111.477 |
103.951 |
|
(c) Other long-term
liabilities |
12.530 |
11.311 |
10.411 |
|
(d) long-term
provisions |
24.138 |
22.049 |
19.482 |
|
Total Non-current
Liabilities (3) |
132.389 |
144.837 |
133.844 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
58.318 |
235.971 |
367.705 |
|
(b) Trade
payables |
380.360 |
324.938 |
300.156 |
|
(c) Other
current liabilities |
92.594 |
91.644 |
71.138 |
|
(d) Short-term
provisions |
40.161 |
45.201 |
8.193 |
|
Total Current
Liabilities (4) |
571.433 |
697.754 |
747.192 |
|
|
|
|
|
|
TOTAL |
2730.562 |
2622.697 |
2413.063 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1225.876 |
1206.902 |
1070.591 |
|
(ii)
Intangible Assets |
4.525 |
5.438 |
3.325 |
|
(iii) Tangible assets
capital work-in-progress |
105.609 |
26.738 |
23.591 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
78.608 |
77.777 |
98.063 |
|
(e) Other
Non-current assets |
70.592 |
0.765 |
3.396 |
|
Total Non-Current
Assets |
1485.210 |
1317.620 |
1198.966 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
637.612 |
555.549 |
549.626 |
|
(c) Trade
receivables |
486.031 |
584.990 |
506.759 |
|
(d) Cash and
bank balances |
43.100 |
56.410 |
11.043 |
|
(e)
Short-term loans and advances |
69.371 |
101.672 |
146.256 |
|
(f) Other
current assets |
9.238 |
6.456 |
0.413 |
|
Total
Current Assets |
1245.352 |
1305.077 |
1214.097 |
|
|
|
|
|
|
TOTAL |
2730.562 |
2622.697 |
2413.063 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3002.788 |
2887.583 |
2481.638 |
|
|
Other Income |
6.898 |
36.189 |
2.312 |
|
|
TOTAL |
3009.686 |
2923.772 |
2483.950 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
953.513 |
969.512 |
905.047 |
|
|
Purchases of
Stock-in-Trade |
475.817 |
436.147 |
356.255 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(102.719) |
(0.979) |
(105.433) |
|
|
Employee benefit expense |
412.966 |
401.736 |
348.161 |
|
|
CSR expenditure |
4.209 |
0.000 |
0.000 |
|
|
Other expenses |
696.914 |
553.044 |
448.062 |
|
|
Prior period items |
3.394 |
0.000 |
0.000 |
|
|
TOTAL |
2444.094 |
2359.460 |
1952.092 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
565.592 |
564.312 |
531.858 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.788 |
33.098 |
22.290 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
552.804 |
531.214 |
509.568 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
163.339 |
149.023 |
121.498 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
389.465 |
382.191 |
388.070 |
|
|
|
|
|
|
|
Less |
TAX |
142.832 |
134.112 |
150.726 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
246.633 |
248.079 |
237.344 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
259.450 |
305.085 |
259.529 |
|
|
Earnings on other income |
7.536 |
6.313 |
7.090 |
|
|
TOTAL EARNINGS |
266.986 |
311.398 |
266.619 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
437.900 |
478.448 |
470.862 |
|
|
Components and spare
parts |
27.516 |
12.563 |
11.121 |
|
|
Capital Goods |
141.655 |
139.568 |
98.970 |
|
|
Traded Goods |
471.392 |
433.158 |
0.000 |
|
|
TOTAL IMPORTS |
1078.463 |
1063.737 |
580.953 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18.27 |
18.38 |
17.58 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
640.333 |
493.067 |
389.662 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
514.425 |
439.606 |
299.700 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
59.08 |
73.94 |
74.53 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.18 |
4.94 |
4.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
97.13 |
84.37 |
86.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.89 |
1.02 |
0.97 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.42 |
0.46 |
0.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.21 |
0.27 |
0.31 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.03 |
0.13 |
0.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.28 |
0.39 |
0.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.66 |
0.70 |
0.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
44.23 |
17.05 |
23.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.21 |
8.59 |
9.56 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.03 |
9.46 |
9.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.17 |
13.94 |
15.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.18 |
1.87 |
1.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.06 |
1.07 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.74 |
0.68 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.43 |
1.75 |
2.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.18 |
1.87 |
1.62 |
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 |
135.000 |
135.000 |
135.000 |
|
Reserves & Surplus |
1397.027 |
1645.106 |
1891.740 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1532.027 |
1780.106 |
2026.740 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
367.705 |
235.971 |
58.318 |
|
Total
borrowings |
367.705 |
235.971 |
58.318 |
|
Debt/Equity
ratio |
0.240 |
0.133 |
0.029 |
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 |
2481.638 |
2887.583 |
3002.788 |
|
|
|
16.358 |
3.990 |
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 |
2481.638 |
2887.583 |
3002.788 |
|
Profit/ (Loss) |
237.344 |
248.079 |
246.633 |
|
|
9.56
% |
8.59
% |
8.21
% |
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 |
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C78516887 |
90049464 |
Canara Bank |
05/12/2002 |
15/04/2011 |
15/01/2016 |
280000000.0 |
SECTOR-17CSCO NO. 117-119CHANDIGARHCH160017IN |
|
2 |
C78518982 |
90049462 |
Canara Bank |
03/12/2002 |
15/04/2011 |
15/01/2016 |
100000000.0 |
SECTOR 17CSC NO 117-119CHANDIGARHCH160017IN |
|
3 |
B18224816 |
10099326 |
CANARA BANK |
21/09/2007 |
- |
31/07/2011 |
90000000.0 |
SECTOR 17CSCO 117-119CHANDIGARHCH160017IN |
|
4 |
A82795139 |
80014989 |
CANARA BANK |
03/12/2002 |
31/08/2004 |
19/03/2010 |
95800000.0 |
PARLIAMENT STREETNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances, others |
58.318 |
80.235 |
|
|
|
|
|
Total |
58.318 |
80.235 |
CORPORATE INFORMATION
Sigma Freudenberg NOK Private Limited (the Company) is a private Company domiciled in India. The Company is engaged in the manufacturing and trading of Oil Seals. The Company caters to both domestic and international market. In August' 2000 Sigma Corporation India, Freudenberg Germany & NOK Japan formed a joint venture Company in the name of "Sigma Freudenberg NOK Private Limited" (SFN) to manufacture the Freudenberg and NOK range of oil seals in India and to act as a sole marketing arm of both partners for their products manufactured worldwide in India. During the financial year ended March 31, 2014, NOK Freudenberg Asia Holding Co. Pte Ltd. has acquired 32.40 lacs shares from Indian promoters, thus the Company has become subsidiary of NOK Freudenberg Asia Holding Co. Pte Ltd. w.e.f. November 28, 2013.
COMPANY OVERVIEW AND PERFORMANCE
The Company has earned a total income of INR 3009.680 Million for the financial year 2015-16 as against INR 2923.770 Million during the previous year and has reported a Profit before tax of INR 392.860 Million as against the profit before tax of INR 382.190 Million in the previous year. After providing INR 142.840 Million (previous year INR 134.110 Million) towards tax, the Company has posted a net profit of INR 246.630 Million, as against the net profit of INR 248.079 Million in the previous year. The company has maintained its profits margins and has improved its healthy liquidity positions due to improvement in receivables positions.
AWARDS
Performance of the Company in the Financial Year 2015-16 has been good and it bagged accolades for adherence of building people talent & Customer relationships. The Company has received “Best Support in Localization Award” from one of its Key customer Sona Koyo during the Financial Year 2015-16.
FIXED ASSETS:
Tangible 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, India Prisons Service,
Interpol, etc.
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 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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.