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|
MIRA INFORM REPORT
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Report No. : |
506034 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KOBELCO CONSTRUCTION EQUIPMENT INDIA PRIVATE LIMITED |
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Registered
Office : |
C-20, South Extension, Part - II, New Delhi - 110049, New Delhi - 110049 |
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Tel. No.: |
91-11-41882031 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.11.2006 |
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|
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Com. Reg. No.: |
55-155770 |
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Capital
Investment / Paid-up Capital : |
INR 2000.000 Million |
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CIN No.: [Company Identification
No.] |
U45200DL2006PTC155770 |
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IEC No.: [Import-Export Code No.] |
0506084752 |
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TIN No.: |
07580329080 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AACCK9469N1ZQ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK9469N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
It is engaged in the business of Trading, Manufacture, Sale and Service of Construction, Transport and Other Equipment and Machinery. [Registered Activity] |
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “Kobelco Construction machinery Co limited, Japan” and was incorporated in the year 2006.
|
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 03.05.2018
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
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-11-41882031/ 41262000/
120-4079900]
LOCATIONS
|
Registered Office : |
C-20, South Extension, Part-II, New Delhi - 110049, India |
|
Tel. No.: |
91-11-41882031 |
|
Mobile No.: |
91-9822202580 (Mr. J.K. Jaikalyani) |
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Fax No.: |
91-11-41882034 |
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E-Mail : |
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Website : |
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Factory : |
Sy No 1&26, 4100 spine south, Sri City DTZ, Siddamma Agraharam,
Chilamathur Post, Varadaiahpalem Mandal, District Chittoor - 517541, Andhra
Pradesh, India |
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|
|
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Factory/Head Office : |
H - 200, Sector - 63, Noida - 201 307, Uttar Pradesh, India |
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Tel. No.: |
91-120-4079900 / 98 |
|
Fax No.: |
91-120-4079999 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Yutaka Goto |
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Designation : |
Managing Director |
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Address : |
D-2 A3, First Floor, Vasant Vihar, New Delhi -110057, India |
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Date of Appointment : |
30.01.2017 |
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DIN No.: |
06698917 |
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Other Directorship:
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Name : |
Koji Nakagawa |
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Designation : |
Director |
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Address : |
B-7/4 Second Floor, Vasant Vihar, Delhi - 110057, India |
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Date of Appointment : |
24.04.2015 |
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DIN No.: |
07167109 |
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Name : |
Takahiro Yamano |
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Designation : |
Director |
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Address : |
C-52, 1st Floor, Defense Colony, New Delhi - 110024, India |
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|
Date of Appointment : |
06.07.2017 |
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DIN No.: |
07868649 |
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Name : |
Yoshio Nishida |
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Designation : |
Director |
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Address : |
564, Anna Salai, Teynampet Courtyard By Marriott Chennai - 600018, Tamilnadu, India |
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Date of Appointment : |
17.07.2017 |
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DIN No.: |
07873389 |
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KEY EXECUTIVES
|
Name : |
Mrs. Shipra Gupta |
|
Designation : |
Company Secretary |
|
Address : |
E-69,Gf, Suncity, Sector 54, Gurugram - 122001, Haryana,
India |
|
Date of Birth/Age : |
24.09.1979 |
|
Date of Appointment : |
09.09.2011 |
|
PAN No.: |
AKRPG4565H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Kobelco construction Machinery Company Limited, Japan |
190000000 |
95.00 |
|
Itochu Corporation, Japan |
10000000 |
5.00 |
|
|
|
|
|
Total |
200000000 |
100.00 |
AS ON: 18.07.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Body corporate) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
It is engaged in the business of Trading, Manufacture, Sale and Service of Construction, Transport and Other Equipment and Machinery. [Registered Activity] |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
B. S .R. and Associates LLP Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower-B, DLF Cyber City, Phase II , Gurugram-122002, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company: |
Kobe Steel Limited, Japan |
|
|
|
|
Holding Company |
Kobelco Construction Machinery Co. Ltd, Japan |
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|
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|
Other related
parties with whom transaction have taken place during the year (fellow
subsidiaries): |
· Thai Kobelco Construction Machinery Ltd., Thailand · Kobelco Cranes India Private Limited, India [U29292DL2010FTC206640] · Kobelco International (S) Co., Pte. Ltd., Singapore · Kobelco Trading (Shanghai) Co. Ltd, China · Kobelco Plate Processing India Private Limited [U27100TN2012FTC083849] · Kobelco Logistic India Private Limited [U74999TN2013FTC090655] · Thai Escorp Limited · Hangzhou Kobelco Construction Machinery Co, China · Shinsho Corporation, Japan |
CAPITAL STRUCTURE
AFTER 18.07.2017
Authorised Capital : INR 4675.000 Million
Issued, Subscribed & Paid-up Capital : INR 3312.902
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
INR 10/- each |
INR 2000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
INR 10/- each |
INR 2000.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2000.000 |
2000.000 |
2000.000 |
|
(b) Reserves & Surplus |
(613.636) |
(763.327) |
(784.779) |
|
(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) |
1386.364 |
1236.673 |
1215.221 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
6.185 |
27.268 |
30.075 |
|
(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 |
31.267 |
25.700 |
15.375 |
|
Total
Non-current Liabilities (3) |
37.452 |
52.968 |
45.450 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
717.064 |
708.873 |
1001.448 |
|
(b)
Trade payables |
3402.866 |
2636.687 |
2726.719 |
|
(c)
Other current liabilities |
174.877 |
366.413 |
138.710 |
|
(d)
Short-term provisions |
94.538 |
66.472 |
58.174 |
|
Total
Current Liabilities (4) |
4389.345 |
3778.445 |
3925.051 |
|
|
|
|
|
|
TOTAL |
5813.161 |
5068.086 |
5185.722 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
584.718 |
562.500 |
474.001 |
|
(ii)
Intangible Assets |
45.326 |
51.390 |
55.848 |
|
(iii)
Capital work-in-progress |
3.184 |
10.947 |
0.896 |
|
(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 Loan
and Advances |
101.008 |
113.156 |
82.375 |
|
(e)
Other Non-current assets |
8.624 |
37.003 |
33.864 |
|
Total
Non-Current Assets |
742.860 |
774.996 |
646.984 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1611.075 |
1595.526 |
2341.015 |
|
(c)
Trade receivables |
2784.778 |
1934.495 |
1465.805 |
|
(d)
Cash and cash equivalents |
153.316 |
186.407 |
109.376 |
|
(e)
Short-term loans and advances |
514.168 |
571.220 |
608.793 |
|
(f)
Other current assets |
6.964 |
5.442 |
13.749 |
|
Total
Current Assets |
5070.301 |
4293.090 |
4538.738 |
|
|
|
|
|
|
TOTAL |
5813.161 |
5068.086 |
5185.722 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
8896.705 |
8133.716 |
5598.815 |
|
|
|
Other Income |
44.107 |
185.382 |
166.759 |
|
|
|
TOTAL |
8940.812 |
8319.098 |
5765.574 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6390.106 |
5359.373 |
3853.216 |
|
|
|
Purchases of Stock-in-Trade |
863.702 |
748.022 |
824.814 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(111.927) |
407.024 |
-269.664 |
|
|
|
Employees benefits expense |
374.711 |
360.240 |
243.002 |
|
|
|
Other expenses |
1106.206 |
1171.239 |
741.749 |
|
|
|
TOTAL |
8622.798 |
8045.898 |
5393.117 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
318.014 |
273.200 |
372.457 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.828 |
124.738 |
83.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
253.186 |
148.462 |
289.454 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
103.495 |
127.010 |
88.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
149.691 |
21.452 |
200.935 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
149.691 |
21.452 |
200.935 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
596.972 |
1437.007 |
|
|
|
|
Commission Earnings |
33.344 |
50.895 |
|
|
|
TOTAL EARNINGS |
630.316 |
1487.902 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
0.75 |
0.11 |
1.00 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
Current Maturities of Long term debt |
18.540 |
24.995 |
14.863 |
|
|
|
|
|
|
Net cash flows from (used
in) operations |
115.363 |
714.321 |
156.411 |
|
|
|
|
|
|
Net cash flows from (used
in) operating activities |
112.222 |
713.693 |
127.969 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
114.25 |
86.81 |
95.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.19 |
4.20 |
3.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
171.23 |
157.58 |
212.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.17 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.50 |
0.44 |
0.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.76 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.54 |
0.62 |
0.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.17 |
3.06 |
3.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.46 |
0.51 |
0.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.91 |
2.19 |
4.49 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.68 |
0.26 |
3.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.58 |
0.42 |
3.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.80 |
1.73 |
16.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 (12 Months) |
31.03.2016 (15
months) |
31.12.2014 (12 Months) |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.16 |
1.14 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.79 |
0.71 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.24 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.37 |
0.38 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.16 |
1.14 |
1.16 |
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
|
Particulars |
31.12.2014 (12 Months) |
31.03.2016
(15
months) |
31.03.2017 (12 Months) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
2000.000 |
2000.000 |
2000.000 |
|
Reserves & Surplus |
(784.779) |
(763.327) |
(613.636) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1215.221 |
1236.673 |
1386.364 |
|
|
|
|
|
|
long-term borrowings |
30.075 |
27.268 |
6.185 |
|
Short term borrowings |
1001.448 |
708.873 |
717.064 |
|
Current Maturities of Long
term debt |
14.863 |
24.995 |
18.540 |
|
Total
borrowings |
1046.386 |
761.136 |
741.789 |
|
Debt/Equity
ratio |
0.861 |
0.615 |
0.535 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 (12 Months) |
31.03.2016
(15
months) |
31.03.2017 (12 Months) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5598.815 |
8133.716 |
8896.705 |
|
|
|
45.276 |
9.381 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 (12 Months) |
31.03.2016
(15
months) |
31.03.2017 (12 Months) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5598.815 |
8133.716 |
8896.705 |
|
Profit |
200.935 |
21.452 |
149.691 |
|
|
3.59% |
0.26% |
1.68% |
LEGAL CASE
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 |
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% |
-- |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) (12 Months) |
31.03.2016 (INR
In Million) (15
months) |
|
LONG-TERM BORROWINGS |
|
|
|
Other external commercial borrowings |
6.185 |
27.268 |
|
|
|
|
|
SHORT TERM BORROWINGS |
6.185 |
27.268 |
|
Rupee term loans from banks |
350.000 |
500.000 |
|
Foreign currency term loans from banks |
367.064 |
208.873 |
|
Total |
723.249 |
736.141 |
BACKGROUND
The Company was incorporated in India on 22 November 2006 to carry on the business of trading, manufacture, sale and service of construction, transport and other equipment and machinery. Currently, the Company’s business operation primarily comprises manufacturing and trading in construction equipment and its parts.
FUTURE OUTLOOK
The Company sees a very positive outlook for its business growth in the current business scenario and infrastructure sector has been given a large share in the Government planned expenditure in the Union Budget for the period 2017-18.
From 01-July-2017, a new taxation system Goods & Services Tax(GST) has been introduced in our country, wherein there will be a single taxation system across the whole country, we are hopeful that this change will also help a faster economic growth for India and thereby also benefit our Company which is largely catering to the infrastructure segment.
FIXED ASSETS:
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Motor Vehicle
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 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 66.66 |
|
UK Pound |
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
KNM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.