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|
MIRA INFORM REPORT
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Report No. : |
508394 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AUTOCOMP CORPORATION PANSE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No 6, "Runanubandh Apartments", Manas Lane, Off Bhandarkar
Road, Pune-411004, Maharashtra |
|
Mobile No.: |
91-9970002543 (Mr. A R Kulkarni) |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
06.02.2006 |
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|
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Com. Reg. No.: |
11-021964 |
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Capital
Investment / Paid-up Capital : |
INR 100.313 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300PN2006PTC021964 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3106003243 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCA6224N1ZG |
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TIN No.: |
27940527984 |
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PAN No.: [Permanent Account No.] |
AAFCA6224N |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged in the business of manufacturing of Sheet Metal Press Components and welded and tubular assemblies [Registered Activity] |
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No. of Employees
: |
Information declined 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 : |
Good |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006 and it having good track. For the financial year 2017, the company has increased its revenue from
operations as compared to previous year but maintained average profit margin
of 1.07%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also derives strength from long standing track records
of promoter as well as business operations and established market position. However, rating strength is partially offset by marginal declined in
profitability profile during the year and intense competition from industry. Trade relations are fair. Business is active. Payment terms are seems
to be regular. In view of aforesaid, the company can be considered for normal
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
15.03.2018 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
15.03.2018 |
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
31-03-2018.
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 12.05.2018.
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 DENIED BY
|
Name : |
Mr. A.R. Kulkarni |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-9970002543 |
|
Date : |
11.05.2018 |
LOCATIONS
|
Registered Office / Factory : |
Flat No 6, "Runanubandh Apartments", Manas Lane, Off
Bhandarkar Road, Pune-411004, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9970002543 (Mr. A R Kulkarni) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Rajeev Ramchandra Panse |
|
Designation : |
Managing director |
|
Address : |
820/2, Runanubandh, Manas Lane, Off Bhandarkar Road,, Pune-411004, Maharashtra, India |
|
Date of Birth/Age : |
25.02.1956 |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AABPO9732G |
|
DIN No.: |
00137583 |
|
|
|
|
Name : |
Mrs. Jyoti Rajeev Panse |
|
Designation : |
Director |
|
Address : |
820/2, Runanubandh, Manas Lane, Off Bhandarkar Road,, Pune-411004, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1959 |
|
Date of Appointment : |
06.02.2006 |
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PAN No.: |
AAUPP9266F |
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DIN No.: |
00132652 |
|
|
|
|
Name : |
Mr. Jaydeep Rajeev Panse |
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Designation : |
Director |
|
Address : |
820/2, Runanubandh, Manas Lane, Off Bhandarkar Road,, Pune-411004, Maharashtra, India |
|
Date of Birth/Age : |
25.08.1985 |
|
Date of Appointment : |
25.09.2013 |
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PAN No.: |
AKUPP1084H |
|
DIN No.: |
00132142 |
|
|
|
|
Name : |
Mr. Nityanand Balkrishna Panse |
|
Designation : |
Director |
|
Address : |
Belvedre, Block No.102, Building No. H3, Anand Park, Aundh, Pune-411004, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1965 |
|
Date of Appointment : |
25.09.2011 |
|
DIN No.: |
00132656 |
KEY EXECUTIVES
|
Name : |
Mr. A R Kulkarni |
|
Designation : |
Assistant Manager |
|
|
|
|
Name : |
Mr. Shisheer Dattatraya Panse |
|
Designation : |
Company Secretary |
|
Address : |
Plot No. 47, Shailesh Society, Ganesh Nagar, Pune-411052, Maharashtra, India |
|
Date of Appointment : |
08.03.2014 |
|
PAN No.: |
ABEPP3161G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rajeev Ramchandra Panse |
|
9088583 |
|
Jyoti Rajeev Panse |
|
820199 |
|
Jaydeep Rajeev Panse |
|
24500 |
|
Ranjeet Panse |
|
24500 |
|
Nityanand Balkrishna Panse |
|
73500 |
|
|
|
|
|
Total |
|
10031282 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Sheet Metal Press Components and welded and tubular assemblies [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B. K. Khare and Company Chartered Accountants |
|
Address : |
706/708, Sharda Chambers, New Marine Lines, Mumbai - 400 020, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB0265E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U29299PN1998PTC012596
U45200PN2008PTC132019
U25199PN2015PTC156773
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10031282 |
Equity Shares |
INR 10/- each |
INR 100.313 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
100.313 |
100.313 |
100.313 |
|
(b) Reserves and Surplus |
700.962 |
664.021 |
623.791 |
|
(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) |
801.275 |
764.334 |
724.104 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
249.018 |
204.460 |
180.852 |
|
(b) Deferred tax liabilities (Net) |
76.988 |
58.273 |
56.829 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.462 |
9.950 |
8.897 |
|
Total Non-current
Liabilities (3) |
338.468 |
272.683 |
246.578 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
248.595 |
235.945 |
200.089 |
|
(b) Trade
payables |
458.965 |
509.285 |
359.332 |
|
(c) Other
current liabilities |
216.555 |
291.601 |
245.939 |
|
(d) Short-term
provisions |
16.408 |
11.340 |
12.451 |
|
Total Current
Liabilities (4) |
940.523 |
1048.171 |
817.811 |
|
|
|
|
|
|
TOTAL |
2080.266 |
2085.188 |
1788.493 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1049.223 |
1055.585 |
916.793 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
11.820 |
11.476 |
45.068 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.451 |
5.251 |
0.151 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
110.922 |
108.943 |
111.153 |
|
(e) Other
Non-current assets |
1.462 |
0.525 |
0.525 |
|
Total Non-Current
Assets |
1188.878 |
1181.780 |
1073.690 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
293.612 |
392.199 |
302.458 |
|
(c) Trade
receivables |
488.330 |
420.447 |
353.020 |
|
(d) Cash and
bank balances |
17.039 |
11.784 |
10.444 |
|
(e)
Short-term loans and advances |
87.289 |
75.739 |
46.018 |
|
(f) Other
current assets |
5.118 |
3.239 |
2.863 |
|
Total
Current Assets |
891.388 |
903.408 |
714.803 |
|
|
|
|
|
|
TOTAL |
2080.266 |
2085.188 |
1788.493 |
PROFIT
& LOSS ACCOUNT – (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3461.004 |
3328.127 |
3219.062 |
|
|
Other Income |
6.985 |
3.296 |
2.715 |
|
|
TOTAL |
3467.989 |
3331.423 |
3221.777 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2254.347 |
2100.237 |
2237.557 |
|
|
Purchases of
Stock-in-Trade |
105.322 |
164.565 |
63.804 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.957 |
(12.380) |
(11.244) |
|
|
Employee benefit expense |
169.531 |
161.819 |
154.108 |
|
|
Other expenses |
681.733 |
698.229 |
560.703 |
|
|
TOTAL |
3217.890 |
3112.470 |
3004.928 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
250.099 |
218.953 |
216.849 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.533 |
55.592 |
67.128 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
185.566 |
163.361 |
149.721 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
121.288 |
103.411 |
91.812 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
64.278 |
59.950 |
57.909 |
|
|
|
|
|
|
|
Less |
TAX |
27.337 |
19.721 |
10.029 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
36.941 |
40.229 |
47.880 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
18.018 |
0.898 |
0.782 |
|
|
TOTAL EARNINGS |
18.018 |
0.898 |
0.782 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.68 |
4.01 |
4.77 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
112.001 |
114.178 |
132.242 |
|
Net cash flows from (used in) operations |
87.859 |
157.725 |
95.975 |
|
Net cash flows from (used in) operating activities |
135.299 |
200.271 |
141.235 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
51.50 |
46.11 |
40.03 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
7.09 |
7.92 |
9.12 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
70.99 |
82.08 |
56.99 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.85 |
0.56 |
0.72 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.24 |
0.21 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.63 |
0.66 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.76 |
0.73 |
0.71 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.17 |
1.37 |
1.13 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.32 |
1.40 |
1.33 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.88 |
3.94 |
3.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.07 |
1.21 |
1.49 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.78 |
1.93 |
2.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
4.61 |
5.26 |
6.61 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.95 |
0.86 |
0.87 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.64 |
0.49 |
0.50 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.39 |
0.37 |
0.40 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
6.08 |
5.53 |
5.12 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.95 |
0.86 |
0.87 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
100.313 |
100.313 |
100.313 |
|
Reserves & Surplus |
623.791 |
664.021 |
700.962 |
|
Net
worth |
724.104 |
764.334 |
801.275 |
|
|
|
|
|
|
Long-term borrowings |
180.852 |
204.460 |
249.018 |
|
Short term borrowings |
200.089 |
235.945 |
248.595 |
|
Current maturities of
long-term debts |
132.242 |
114.178 |
112.001 |
|
Total
borrowings |
513.183 |
554.583 |
609.614 |
|
Debt/Equity
ratio |
0.709 |
0.726 |
0.761 |
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 |
3219.062 |
3328.127 |
3461.004 |
|
|
0.000 |
3.388 |
3.993 |
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 |
3219.062 |
3328.127 |
3461.004 |
|
Profit/ (Loss) |
47.880 |
40.229 |
36.941 |
|
|
1.49
% |
1.21
% |
1.07
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
III.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.313 |
100.313 |
|
(b) Reserves and Surplus |
|
697.912 |
663.276 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
11.769 |
4.185 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
798.225 |
763.589 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
249.018 |
204.460 |
|
(b) Deferred tax liabilities (Net) |
|
77.584 |
58.273 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
12.462 |
9.950 |
|
Total Non-current
Liabilities (3) |
|
339.064 |
272.683 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
248.595 |
235.945 |
|
(b) Trade
payables |
|
459.750 |
509.285 |
|
(c) Other
current liabilities |
|
217.400 |
291.855 |
|
(d) Short-term
provisions |
|
16.408 |
14.330 |
|
Total Current Liabilities
(4) |
|
942.153 |
1051.415 |
|
|
|
|
|
|
TOTAL |
|
2091.211 |
2091.872 |
|
|
|
|
|
|
IV.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1062.158 |
1055.637 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
11.820 |
11.476 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.151 |
0.151 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
110.951 |
113.632 |
|
(e) Other
Non-current assets |
|
1.462 |
0.525 |
|
Total Non-Current
Assets |
|
1186.542 |
1181.421 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
294.393 |
392.199 |
|
(c) Trade
receivables |
|
489.718 |
420.447 |
|
(d) Cash and
bank balances |
|
23.909 |
18.754 |
|
(e)
Short-term loans and advances |
|
91.413 |
75.797 |
|
(f) Other
current assets |
|
5.236 |
3.254 |
|
Total Current
Assets |
|
904.669 |
910.451 |
|
|
|
|
|
|
TOTAL |
|
2091.211 |
2091.872 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3462.728 |
3328.127 |
|
|
Other Income |
|
7.349 |
3.369 |
|
|
TOTAL |
|
3470.077 |
3331.496 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2255.013 |
2100.237 |
|
|
Purchases of
Stock-in-Trade |
|
106.564 |
164.566 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
6.957 |
(12.380) |
|
|
Employee benefit expense |
|
172.441 |
162.518 |
|
|
Other expenses |
|
682.547 |
699.058 |
|
|
TOTAL |
|
3223.522 |
3113.999 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
246.555 |
217.497 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
64.558 |
55.592 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
181.997 |
161.905 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
121.644 |
103.415 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
60.353 |
58.490 |
|
|
|
|
|
|
|
Less |
TAX |
|
27.933 |
19.721 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
32.420 |
38.769 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.23 |
3.86 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by info
agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
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 |
CORPORATE INFORMATION
Subject is engaged in the business of manufacturing of Sheet Metal Press Components and welded and tubular assemblies for the Indian and global automotive industry.
BUSINESS REVIEW
During the year the Company has performed with marginal growth in sales with good improvement in profitability. The overall sluggishness in overall automobile sector still continued during the current financial year with low volumes and lower capacity utilization at all plants compared to expectation. With the commissioning of press shop operations at Dharwad plant in addition to existing assembly operations, the main customer, Tata Motors Ltd has awarded new business for tooling to be followed by components for their newly to be launched product Tata Ace Edge.
The Company expects to do better with overall improvement in the auto ancillary and tooling business and increased volume in the current fiscal onwards. The prospectus for current year still remain moderate with good business visibility especially export business from FY 19 onwards.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
11.500 |
|
|
|
|
|
Total |
0.000 |
11.500 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G86375383 |
100173524 |
Kotak Mahindra Bank |
23/03/2018 |
- |
- |
150000000.0 |
36-38A, NARIMAN BHAVAN,227,D,NARIMAN POINTMumbaiMH400021IN |
|
2 |
G69365526 |
100117803 |
BAJAJ FINANCE LIMITED |
26/07/2017 |
10/11/2017 |
- |
100000000.0 |
AKURDI PUNE-PuneMa411035IN |
|
3 |
C73572596 |
10608527 |
KOTAK MAHINDRA BANK LIMITED |
03/12/2015 |
- |
- |
150000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN |
|
4 |
G56312531 |
10362756 |
Bhagini Nivedita Sahakari Bank Limited |
05/05/2012 |
14/09/2017 |
- |
200000000.0 |
Nivedita Bhavan,CTS no 34/7,Lane No 8Final Plot No 35/7 B,Prabhat Road.PuneMH411004IN |
|
5 |
B88086996 |
10324989 |
KOTAK MAHINDRA BANK LIMITED |
23/11/2011 |
15/10/2013 |
- |
195000000.0 |
36-38A, NARIMAN BHAVAN, 227,D,NARIMAN POINT,MUMBAIMH400021IN |
|
6 |
G80202211 |
10002732 |
State Bank of India |
11/05/2006 |
26/02/2018 |
- |
450000000.0 |
INDUSTRIAL FINANCE BRANCHMUMBAI PUNE ROAD,WAKADEWADIPUNEMH411003IN |
|
7 |
Y10173904 |
90088883 |
STATE BANK OF INDIA |
22/12/2004 |
- |
- |
30000000.0 |
INDUSTRIAL FINANCE BRANCHPUNEMHIN |
|
8 |
Y10175441 |
90090420 |
STATE BANK OF INDIA |
12/02/1997 |
18/07/2005 |
- |
17156000.0 |
PINPRI BRANCHPUNEMHIN |
|
9 |
Y10173038 |
90088017 |
STATE BANK OF INDIA |
12/02/1997 |
21/10/2003 |
- |
17156000.0 |
PIMPRI BRANCHPUNEMHIN |
|
10 |
A38930376 |
80004765 |
State Bank of India |
12/02/1997 |
23/05/2008 |
- |
129100000.0 |
Industria Finance BranchPimpriPuneMH411034IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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 67.22 |
|
UK Pound |
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
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.