|
|
|
MIRA INFORM REPORT
|
Report No. : |
508381 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TATA INTERNATIONAL DLT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No.281 and 284, Village Santosh Nagar, Waki (Bham)
Khed, Rajgunagar in Khed, Rajgunagar, Pune – 410 501, Maharashtra |
|
Tel. No.: |
91- 2135-627305/ 627301 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
29.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-152193 [New] 11-154348 [Old] |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 170.800
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200PN2005PTC152193 [New] U34200MH2005PTC154348 [Old] |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCT2953Q1ZQ |
|
|
|
|
TIN No.: |
27840528330 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT2953Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Production, Manufacture, Buy, Sale and Distribution of Trailers. [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 |
|
Maximum Credit Limit : |
USD 635800 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is joint venture between “Tata International Limited” and “Dutch Lanka Trailer Manufacturers Limited” based in Sri Lanka with 50:50 equity shares. It was incorporated in the year 2005 and is a manufacturer and distributor of trailers. As per financials of March 2017, the company has registered a growth of 5.91% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 1.14%. Rating takes into consideration the company’s satisfactory track record of business operations marked by healthy net worth base along with comfortable debt coverage indicators and decent liquidity position. Rating also takes into account the strong operational, managerial and financial support that received from its joint venture companies. However, rating strength is partially offset by stiff competition from unorganized players in the industry and exposure to cyclical heavy commercial vehicles (HCV) segment. Payments seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating=A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
11.04.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
11.04.2017 |
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 14.05.2018.
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 DECLINED BY
|
Name : |
Mr. George |
|
Designation : |
IT Head |
|
Contact No.: |
91-9552520791 |
|
Date : |
11.05.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Gat No.281 and 284, Village Santosh Nagar, Waki (Bham)
Khed, Rajgunagar in Khed, Rajgunagar, Pune – 410 501, Maharashtra, India |
|
Tel. No.: |
91- 2135-627305/ 627301 |
|
Mobile No.: |
91-9552520791 [Mr. George] |
|
Fax No.: |
91- 2135-627350 |
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E-Mail : |
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|
Website : |
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|
|
|
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Factory 2 : |
Plot No. 929/931/935, Khata no. 157, Bargidih, Industrial
Area, Jamshedpur- 831013, Jharkhand, India |
|
|
|
|
Factory 3 : |
Plot No E-1 RIICO Industrial Area, NH 79A, Ajmer-305025, Rajasthan, India |
|
Tel. No.: |
91-145-5156503 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Sabyasachi Hajara |
|
Designation : |
Director |
|
Address : |
Lodha Bellissimo,Apollo Mill Compound, Near Arthur Road
Jail, N.M. Joshi Marg, Mumbai-400011, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1952 |
|
Qualification : |
BSC, Chemical, PGDM & LLB, PGD in Shipping & Marritime |
|
Date of Appointment : |
20.04.2016 |
|
PAN No.: |
ABFPH9916A |
|
DIN No.: |
00004485 |
|
|
|
|
Name : |
Mr. Arun Kumar Vora |
|
Designation : |
Director |
|
Address : |
S-2, 3rd Floor, Orchid Apartments, Defence Colony,
Indiranagar, Bangalore – 560 038, Karnataka, India |
|
Date of Birth/Age : |
14.08.1941 |
|
Qualification : |
BE Mech., PG Industrial Engg |
|
Date of Appointment : |
23.05.2007 |
|
DIN No.: |
00191774 |
|
|
|
|
Name : |
Mr. Srinivasa Reddy Polimera |
|
Designation : |
Director |
|
Address : |
13, Park Enclave, Northern Town Bistupur,
Jamshedpur-831001, Jharkhand, India |
|
Date of Appointment : |
01.08.2016 |
|
DIN No.: |
03181178 |
|
|
|
|
Name : |
Mrs. Janaki Chaudhry |
|
Designation : |
Director |
|
Address : |
B-34, Green Wood City Sector -45, Gurugram-122001,
Haryana, India |
|
Date of Birth/Age : |
31.05.1965 |
|
Qualification : |
B Tech Electrical |
|
Date of Appointment : |
23.04.2012 |
|
PAN No.: |
AERPC1100N |
|
DIN No.: |
05239358 |
|
|
|
|
Name : |
Haturusinghe Arachchige Chamath Prasanna Haturusinghe |
|
Designation : |
Director |
|
Address : |
No 60 Averiwatte Road, Wattala 11104 Lk |
|
Date of Birth/Age : |
24.12.1967 |
|
Qualification : |
Mech Engg, MBA |
|
Date of Appointment : |
14.07.2016 |
|
DIN No.: |
07567163 |
|
|
|
|
Name : |
Mr. Manoj Kumar Jha |
|
Designation : |
Director |
|
Address : |
521, Princess Park, Plot No. 33, Sector -6 Dwarka, New
Delhi-110075, India |
|
Date of Birth/Age : |
02.11.1967 |
|
Qualification : |
CV |
|
Date of Appointment : |
21.01.2017 |
|
PAN No.: |
AADPJ0112B |
|
DIN No.: |
07714753 |
KEY EXECUTIVES
|
Name : |
Mrs. Amruta Jeevan Joshi |
|
Designation : |
Company Secretary |
|
Address : |
4/178, Rajendra Nagar, P M C Colony, Pune-411030, Maharashtra,
India |
|
Date of Appointment : |
18.04.2017 |
|
PAN No.: |
ARHPJ1534C |
|
|
|
|
Name : |
Anjani Kumar Srivastava |
|
Designation : |
Manager |
|
Address : |
Z-3, Alpha 303, Roseland Residency, Gate No.4 Pimple, Saudagar,
Pune- 411027, Maharashtra, India |
|
Date of Appointment : |
17.07.2017 |
|
PAN No.: |
AOHPS7930J |
|
|
|
|
Name : |
Mr. Rajeev Batra |
|
Designation : |
Manager |
|
Address : |
Flat No. A-202, Sapphire Park Street Near Kalewadi Phata, Wakad,
Pune- 411057, Maharashtra, India |
|
Date of Appointment : |
17.07.2017 |
|
PAN No.: |
ACWPB1590J |
|
|
|
|
Name : |
Mr. George |
|
Designation : |
IT Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 17.07.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Tata International Limited, India |
85400 |
50.00 |
|
Dutch Lanka Trailer Manufacturers Limited, Sri Lanka |
85400 |
50.00 |
|
|
|
|
|
Total |
170800 |
100.00 |
AS ON: 17.07.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Production, Manufacture, Buy, Sale and Distribution of Trailers. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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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 : |
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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 : |
· Tata Motors · Sandvik · Sany · Inox India Limited |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
The Honkong And Shanghai Banking Corporation
Limited 52/60,, Mahatma Gandhi Road,, Mumbai - 400001,
Maharashtra, India · Yes Bank Limited ·
State Bank of India |
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Facilities : |
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Auditors : |
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|
Name : |
J.P.J. Associates Chartered Accountants |
|
Address : |
Shop 16, Godavari CHS, Shantivan, Borivali East, Mumbai - 400 066, Maharashtra, India |
|
PAN No.: |
AABFJ6339C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Other Related Parties : |
· York Transport Equipment (India) Private Limited, India [U60200PN2008FTC146906] · Tata International Limited, India [U51900MH1962PLC012528] · TRF Limited, India [L74210JH1962PLC000700] · Tata International Employees Superannuation Fund · TATA International Employees Gratuity fund |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 1000/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170800 |
Equity Shares |
INR 1000/- each |
INR 170.800
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
170.800 |
170.800 |
170.800 |
|
(b) Reserves & Surplus |
51.733 |
56.262 |
5.376 |
|
(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) |
222.533 |
227.062 |
176.176 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
47.911 |
40.129 |
40.000 |
|
(b) Deferred tax liabilities (Net) |
7.348 |
3.257 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
1.722 |
|
Total
Non-current Liabilities (3) |
55.259 |
43.386 |
41.722 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
119.900 |
57.889 |
94.121 |
|
(b)
Trade payables |
218.106 |
174.172 |
130.504 |
|
(c)
Other current liabilities |
20.023 |
18.684 |
96.654 |
|
(d)
Short-term provisions |
96.243 |
89.116 |
12.134 |
|
Total
Current Liabilities (4) |
454.272 |
339.861 |
333.413 |
|
|
|
|
|
|
TOTAL |
732.064 |
610.309 |
551.311 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
284.408 |
260.538 |
244.365 |
|
(ii)
Intangible Assets |
7.802 |
1.507 |
1.269 |
|
(iii)
Capital work-in-progress |
0.000 |
0.437 |
0.211 |
|
(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 |
3.509 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
3.276 |
|
(e)
Other Non-current assets |
12.274 |
3.759 |
0.000 |
|
Total
Non-Current Assets |
304.484 |
266.241 |
252.630 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
235.589 |
195.199 |
159.365 |
|
(c)
Trade receivables |
128.753 |
112.973 |
88.309 |
|
(d)
Cash and cash equivalents |
0.963 |
0.768 |
8.683 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
42.324 |
|
(f)
Other current assets |
62.275 |
35.128 |
0.000 |
|
Total
Current Assets |
427.580 |
344.068 |
298.681 |
|
|
|
|
|
|
TOTAL |
732.064 |
610.309 |
551.311 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1910.989 |
1804.394 |
1329.780 |
|
|
|
Other Income |
22.873 |
14.790 |
21.079 |
|
|
|
TOTAL |
1933.862 |
1819.184 |
1350.859 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1619.239 |
1502.901 |
1174.824 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(29.114) |
11.541 |
(46.648) |
|
|
|
Employees benefits expense |
82.742 |
57.280 |
43.969 |
|
|
|
Other expenses |
191.439 |
140.921 |
109.935 |
|
|
|
Prior Period Items |
0.000 |
0.000 |
-0.330 |
|
|
|
TOTAL |
1864.306 |
1712.643 |
1281.750 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
69.556 |
106.541 |
69.109 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.897 |
16.561 |
16.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
45.659 |
89.980 |
52.189 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.021 |
9.690 |
9.385 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
32.638 |
80.290 |
42.804 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.776 |
26.934 |
22.656 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.862 |
53.356 |
20.148 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
119.84 |
311.41 |
117.96 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
16.750 |
12.532 |
47.500 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
27.404 |
100.003 |
25.388 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
18.921 |
79.613 |
17.547 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
24.59 |
22.85 |
24.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
14.84 |
15.97 |
15.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
49.16 |
42.30 |
40.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.30 |
0.55 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.24 |
0.41 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.64 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.83 |
0.49 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.04 |
1.50 |
1.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.31 |
1.16 |
1.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.91 |
6.43 |
4.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.14 |
2.96 |
1.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.99 |
8.74 |
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.82 |
23.50 |
11.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.94 |
1.01 |
0.90 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.42 |
0.44 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.37 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.08 |
0.65 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.94 |
1.01 |
0.90 |
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 |
170.800 |
170.800 |
170.800 |
|
Reserves & Surplus |
5.376 |
56.262 |
51.733 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
176.176 |
227.062 |
222.533 |
|
|
|
|
|
|
long-term borrowings |
40.000 |
40.129 |
47.911 |
|
Short term borrowings |
94.121 |
57.889 |
119.900 |
|
Current Maturities of Long
term debt |
47.500 |
12.532 |
16.750 |
|
Total
borrowings |
181.621 |
110.550 |
184.561 |
|
Debt/Equity
ratio |
1.031 |
0.487 |
0.829 |
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 |
1329.780 |
1804.394 |
1910.989 |
|
|
|
35.691 |
5.908 |
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 |
1329.780 |
1804.394 |
1910.989 |
|
Profit |
20.148 |
53.356 |
21.862 |
|
|
1.52% |
2.96% |
1.14% |
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 |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G31636962 |
100068422 |
YES BANK LIMITED |
06/09/2016 |
- |
- |
60000000.0 |
GALAXY SOCIETY, DHOLE PAITL ROADBUND GARDENPUNEMH411001IN |
|
2 |
G58759788 |
100103708 |
YES BANK LIMITED |
06/09/2016 |
29/09/2017 |
- |
60000000.0 |
NEHRU CENTRE, 9TH FLOORDISCOVERY OF INDIA, DR. A.B.ROAD,WORLIMUMBAIMH400018IN |
|
3 |
G57077265 |
10273678 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
24/01/2011 |
18/09/2017 |
- |
100000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
4 |
G57078230 |
10264495 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
24/01/2011 |
18/09/2017 |
- |
100000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
5 |
C74378571 |
10211233 |
State Bank of India Industrial Finance Pimpri Branch |
15/02/2010 |
30/09/2015 |
- |
165000000.0 |
Old Mumbai Pune Highway, Near Kalasagar HotelKasarwadi PimpriPuneMH411018IN |
|
6 |
B26740662 |
10026737 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
31/10/2006 |
31/10/2011 |
- |
200000000.0 |
52/60, MAHATMA GANDHI ROAD,FORTMUMBAIMH400001IN |
|
7 |
B28539195 |
10123796 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
19/09/2008 |
- |
12/12/2011 |
67000000.0 |
52/60,MAHATMA GANDHI ROAD,MUMBAIMH400001IN |
|
8 |
B28540813 |
10026813 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
31/10/2006 |
- |
12/12/2011 |
4300000.0 |
52/60, M G ROAD, FORT,MUMBAIMH400001IN |
CORPORATE INFORMATION
The Company is a private limited company incorporated in India. It's a Joint Venture. Its parent Company's are Tata International Limited incorporated in India and Dutch Lanka Trailer Manufacturers Ltd incorporated in SriLanka
The registered office of the Company is Located at Gate No. 281/284, Santosh Nagar, WAKI, Taluka Khed, Pune, Maharashtra - 410501.
The Company is manufacturer of Trailers.
THE STATE OF COMPANY’S AFFAIR
The Company have improved the operational performance from last year and ended by selling 2868 trailers during 2016-2017 against 2662 previous years. The company has made remarkable achievement in terms of selling trailer in open market especially in Maharashtra, Rajasthan and Gujarat and Eastern Market.
Considering the market demand and good responses to Tata DLT, company installed new production facilities at Nighoje, Pune which has production capacity of 100 trailers per months. This facility installed will be catering the customers with special and customized requirement like car carrier, tractor carrier, tip trailer etc.
During 2016-17, inconsistent market condition due to proposed regulatory change and demonetization in Nov, 2017 did affect the performance of the Company and resulted underutilization of the capacity. Further commissioning of unit-IV was delayed by 2-3 months which caused the additional burden of expenses and affected the bottom line adversely.
The turnover of the Company for the financial year 2016-17 is INR 1910.989 Million (inclusive of excise) against INR 1804.394 Million during 2015-16.
- Lob-1 - OEMs
- LOB-2 - Chassis for Crushing machine, anything on rigid body, Defense etc.
- LOB-3 - A - Standard Trailer (Flatbed, Skeletal, Sidewall, Running Gear)
- LOB-3 - B - Special Trailer (Car Carrier, Chassis Carrier, Tractor Carrier, Tip Trailer)
The company wants to extend its reach to the end customers so company has started appointing various dealers and authorized service Centers PAN India. Due to such dealers and service centers now company can reach to end customers and will be able to serve them better.
There has been no incidence following under section 186 of The Companies Act, 2013.
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 67.22 |
|
UK Pound |
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.