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|
MIRA INFORM REPORT
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Report No. : |
509333 |
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Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMOTIVE MANUFACTURERS PRIVATE LIMITED |
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Formerly Known
As : |
AUTOMOTIVE MANUFACTURERS LIMITED |
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Registered
Office : |
Automotive House, 108, Bazar Ward, Kurla (West), Mumbai – 400070,
Maharashtra |
|
Tel. No.: |
91-22-61563700/ 61563709 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.12.1948 |
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Com. Reg. No.: |
11-006781 |
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Capital
Investment / Paid-up Capital : |
INR 95.000 Million |
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CIN No.: [Company Identification
No.] |
U34100MH1948PTC006781 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACA3428K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is principally engaged in the trading business of Automotive Dealership consisting of all types of commercial / passenger vehicles / construction equipment, their spare parts / accessories and the related services. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1948. For the financial year 2017, the company has achieved 12.36% growth in its revenue as compared to the previous year revenue along with low profit margin of 0.56%. The sound financial profile of the company is marked by healthy networth base and negligible debt balance sheet profile along with favourable gap between trade payables and trade receivables. The company has favourable Earning per Share (EPS) of INR 319.06 against a face value (FV) of INR 100. The rating takes into consideration the subject’s long established track record of the business operations along with extensive experience of its promoters. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for good business dealings at usual trade terms and condition. |
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 |
CRISIL |
|
Rating |
Long term: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
12.06.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term : A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
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Date |
12.06.2017 |
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 16.05.2018
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 : |
Not Divulged |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-61563700/61563710 |
|
Date : |
14.05.2018 |
MANAGEMENT NON-COOPERATIVE (91-22-61563709)
91-40-27543701 –
RINGING
LOCATIONS
|
Registered Office/Head Office : |
Automotive House, 108, Bazar Ward, Kurla (West), Mumbai – 400070,
Maharashtra, India |
|
Tel. No. : |
91-22-61563700/61563710/ 61563709 |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Branch Office 1 : |
8571, Rastrapati Road, P B No. 1627, Secunderabad - 500 003, Telangana, India |
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Tel. No. : |
91-40-27543701 |
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Fax No. : |
91-40-27545486 |
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E-Mail : |
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Branch Office 2 : |
No. 4-151, NH 5, Prasasampadu, Eluru Road, Vijayawada – 521108, Andhra Pradesh, India |
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Branch Office 3 : |
574, Kamptee Road, Nagpur - 440026, Maharashtra, India |
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Tel. No. : |
95712-2640056 / 57 / 58, 2642010 |
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Branch Office 4 : |
MIDC, TTC Industrial Area, Plot D-229, Shirvane Village, Mumbai- Pune Road, Navi Mumbai – 400706, Maharashtra, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ratilal Dulabhji Kamdar |
|
Designation : |
Managing Director |
|
Address : |
Saryu Villa, 434/4, Netaji Road, Ellisbridge, Ahmedabad
-380006, Gujarat, India |
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Date of Appointment : |
01.01.1950 |
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DIN No.: |
00304481 |
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Name : |
Mr. Bharat Manharlal Sanghvi |
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Designation : |
Managing Director |
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Address : |
Kundan Villa Ramkrishna Mission Road, Khar, Mumbai
-400052, Maharashtra, India |
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Date of Birth/Age : |
26.06.1945 |
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Qualification: |
Bsc |
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Date of Appointment : |
14.08.1968 |
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DIN No.: |
00233632 |
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Name : |
Mr. Sachin Bharat Sanghvi |
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Designation : |
Wholetime Director |
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Address : |
Kundan Villa South Avenue Road, Khar, Mumbai – 400052,
Maharashtra, India |
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Date of Appointment : |
01.02.2004 |
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DIN No.: |
00232866 |
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Name : |
Mr. Pradip Ratilal Kamdar |
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Designation : |
Wholetime Director |
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Address : |
434/4, Saryuvilla, Netaji Road, Near Law Garden,
Ellisbridge, Ahmedabad 380006, Gujarat, India |
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Date of Appointment : |
26.03.2007 |
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DIN No.: |
00304828 |
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Name : |
Mr. Rajiv Mahesh Sanghvi |
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Designation : |
Director |
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Address : |
Lilam Villa 3-6-239, Himayatnagar, Hyderabad – 500029,
Telangana, India |
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Date of Birth/Age : |
18.07.1972 |
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Qualification: |
B.Com |
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Date of Appointment : |
01.04.1997 |
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DIN No.: |
00322203 |
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Name : |
Mr. Aditya Bharat Sanghvi |
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Designation : |
Director |
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Address : |
Kundan Villa, South Avenue, Khar (West), Mumbai -400052,
Maharashtra, India |
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Date of Birth/Age : |
07.06.1983 |
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Qualification: |
BE MS |
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Date of Appointment : |
01.07.2008 |
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DIN No.: |
00602381 |
KEY EXECUTIVES
|
Name : |
Mr. Ashim Purnendu Dasgupta |
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Designation : |
Company Secretary |
|
Address : |
B-2, Flat No.403, Saket Complex, Kishan Koli Marg Extn.,
Thane (West), Thane 400601, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1957 |
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Qualification: |
Company Secretary |
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Date of Appointment : |
01.04.2000 |
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PAN No.: |
AADPD2132K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
31.79 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
52.55 |
|
Public/Other than promoters - Body corporate |
15.66 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is principally engaged in the trading business of Automotive Dealership consisting of all types of commercial / passenger vehicles / construction equipment, their spare parts / accessories and the related services. (Registered Activity) |
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Products / Services
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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 : |
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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
Jayantilal Thakkar and Company Chartered Accountants |
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Address : |
111A, Mahatma Gandhi Road, Fort, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFJ3458R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company: |
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Enterprises
- Key Management : |
[U65990MH1981PTC024037] |
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Personnel having significant influence |
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Other Related
Parties: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
INR 100/- each |
INR 95.000 Million |
|
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FINANCIAL DATA
[all figures are
INR 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 |
95.000 |
95.000 |
95.000 |
|
(b) Reserves and Surplus |
2800.284 |
2497.175 |
2148.108 |
|
(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) |
2895.284 |
2592.175 |
2243.108 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
548.832 |
707.703 |
533.599 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
760.791 |
663.594 |
337.754 |
|
(d) long-term
provisions |
6.562 |
6.150 |
8.334 |
|
Total Non-current
Liabilities (3) |
1316.185 |
1377.447 |
879.687 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
746.070 |
520.936 |
1053.957 |
|
(b) Trade
payables |
368.642 |
385.732 |
223.131 |
|
(c) Other
current liabilities |
3499.280 |
4209.972 |
3074.065 |
|
(d) Short-term
provisions |
31.112 |
27.639 |
69.240 |
|
Total Current
Liabilities (4) |
4645.104 |
5144.279 |
4420.393 |
|
|
|
|
|
|
TOTAL |
8856.573 |
9113.901 |
7543.188 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1764.325 |
1643.148 |
1576.659 |
|
(ii)
Intangible Assets |
8.622 |
5.412 |
4.452 |
|
(iii) Tangible assets
capital work-in-progress |
130.005 |
96.126 |
21.238 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
106.755 |
110.778 |
102.490 |
|
(c) Deferred tax assets (net) |
36.876 |
64.830 |
79.375 |
|
(d)
Long-term loans and advances |
308.812 |
280.180 |
292.335 |
|
(e) Other
Non-current assets |
52.351 |
50.153 |
86.389 |
|
Total Non-Current
Assets |
2407.746 |
2250.627 |
2162.938 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
5.000 |
53.667 |
|
(b)
Inventories |
2266.128 |
4650.564 |
3466.848 |
|
(c) Trade
receivables |
1866.268 |
851.885 |
778.933 |
|
(d) Cash and
bank balances |
877.804 |
373.682 |
352.698 |
|
(e)
Short-term loans and advances |
1435.018 |
980.767 |
727.158 |
|
(f) Other
current assets |
3.609 |
1.376 |
0.946 |
|
Total
Current Assets |
6448.827 |
6863.274 |
5380.250 |
|
|
|
|
|
|
TOTAL |
8856.573 |
9113.901 |
7543.188 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
54276.035 |
48304.096 |
31618.124 |
|
|
Other Income |
56.145 |
123.576 |
63.245 |
|
|
TOTAL |
54332.180 |
48427.672 |
31681.369 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
58.583 |
44.345 |
38.902 |
|
|
Purchases of
Stock-in-Trade |
49294.722 |
45063.380 |
29041.266 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
963.069 |
(297.687) |
(73.216) |
|
|
Employee benefit expense |
1413.035 |
1253.776 |
1012.861 |
|
|
CSR expenditure |
1.500 |
1.500 |
0.400 |
|
|
Other expenses |
1830.838 |
1537.193 |
1289.270 |
|
|
Exceptional items |
0.000 |
0.000 |
(58.051) |
|
|
TOTAL |
53561.747 |
47602.507 |
31251.432 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
770.433 |
825.165 |
429.937 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
158.613 |
145.043 |
164.370 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
611.820 |
680.122 |
265.567 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
154.742 |
149.143 |
147.826 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
457.078 |
530.979 |
117.741 |
|
|
|
|
|
|
|
Less |
TAX |
153.969 |
141.893 |
7.077 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
303.109 |
389.086 |
110.664 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
247.326 |
148.108 |
148.008 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
NA |
250.000 |
70.545 |
|
|
Interim Dividend |
NA |
33.250 |
0.000 |
|
|
Proposed Dividend |
NA |
0.000 |
33.250 |
|
|
Tax on Proposed Dividend |
NA |
0.000 |
6.769 |
|
|
(Excess) Provision for Taxes of Earlier Years |
NA |
(0.151) |
0.000 |
|
|
Tax on Interim Dividend |
NA |
6.769 |
0.000 |
|
|
Balance Carried to the B/S |
NA |
247.326 |
148.108 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
319.06 |
409.56 |
116.49 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
68.040 |
57.661 |
34.982 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
997.996 |
848.010 |
648.852 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
900.145 |
709.524 |
509.967 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
12.55 |
6.44 |
8.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
29.08 |
56.70 |
40.59 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
2.73 |
3.12 |
2.80 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.34 |
0.18 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.47 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.59 |
0.65 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.47 |
0.50 |
0.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.60 |
1.98 |
1.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.66 |
0.67 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.86 |
5.69 |
2.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.56 |
0.81 |
0.35 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.42 |
4.27 |
1.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.47 |
15.01 |
4.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.39 |
1.33 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
0.43 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.28 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
14.35 |
13.54 |
17.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.39 |
1.33 |
1.22 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
95.000 |
95.000 |
95.000 |
|
Reserves & Surplus |
2148.108 |
2497.175 |
2800.284 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2243.108 |
2592.175 |
2895.284 |
|
|
|
|
|
|
Long-term borrowings |
533.599 |
707.703 |
548.832 |
|
Short term borrowings |
1053.957 |
520.936 |
746.070 |
|
Current maturities of
long-term debts |
34.982 |
57.661 |
68.040 |
|
Total
borrowings |
1622.538 |
1286.300 |
1362.942 |
|
Debt/Equity
ratio |
0.723 |
0.496 |
0.471 |
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 |
31618.124 |
48304.096 |
54276.035 |
|
|
|
52.773 |
12.363 |
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 |
31618.124 |
48304.096 |
54276.035 |
|
Profit/ (Loss) |
110.664 |
389.086 |
303.109 |
|
|
0.35
% |
0.81
% |
0.56
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
95.000 |
95.000 |
|
(b) Reserves and Surplus |
|
2857.625 |
2538.180 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
2952.625 |
2633.180 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
548.832 |
707.703 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
821.216 |
768.348 |
|
(d) long-term
provisions |
|
8.067 |
7.367 |
|
Total Non-current
Liabilities (3) |
|
1378.115 |
1483.418 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1137.693 |
861.135 |
|
(b) Trade
payables |
|
373.785 |
391.996 |
|
(c) Other
current liabilities |
|
3625.859 |
4391.799 |
|
(d) Short-term
provisions |
|
31.112 |
27.639 |
|
Total Current
Liabilities (4) |
|
5168.449 |
5672.569 |
|
|
|
|
|
|
TOTAL |
|
9499.189 |
9789.167 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1845.273 |
1723.817 |
|
(ii)
Intangible Assets |
|
8.957 |
5.823 |
|
(iii) Tangible assets
capital work-in-progress |
|
130.005 |
96.126 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
46.755 |
50.778 |
|
(c) Deferred tax assets (net) |
|
38.960 |
66.534 |
|
(d)
Long-term loans and advances |
|
332.504 |
300.625 |
|
(e) Other
Non-current assets |
|
71.697 |
61.676 |
|
Total Non-Current
Assets |
|
2474.151 |
2305.379 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
5.000 |
|
(b)
Inventories |
|
2670.050 |
5132.472 |
|
(c) Trade
receivables |
|
1961.564 |
925.930 |
|
(d) Cash and
bank balances |
|
908.410 |
417.343 |
|
(e)
Short-term loans and advances |
|
1481.405 |
1001.667 |
|
(f) Other
current assets |
|
3.609 |
1.376 |
|
Total
Current Assets |
|
7025.038 |
7483.788 |
|
|
|
|
|
|
TOTAL |
|
9499.189 |
9789.167 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
56237.710 |
50621.688 |
|
|
Other Income |
|
46.134 |
114.993 |
|
|
TOTAL |
|
56283.844 |
50736.681 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
58.583 |
44.345 |
|
|
Purchases of
Stock-in-Trade |
|
50885.816 |
47098.639 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
1041.181 |
(301.151) |
|
|
Employee benefit expense |
|
1483.602 |
1317.999 |
|
|
CSR expenditure |
|
1.500 |
1.500 |
|
|
Other expenses |
|
2008.930 |
1690.981 |
|
|
TOTAL |
|
55479.612 |
49852.313 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
804.232 |
884.368 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
154.642 |
145.367 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
649.590 |
739.001 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
168.002 |
161.204 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
481.588 |
577.797 |
|
|
|
|
|
|
|
Less |
TAX |
|
162.143 |
157.881 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
319.445 |
419.916 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
336.26 |
442.02 |
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 |
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 |
PERFORMANCE REVIEW
The financial year
gone by was marked by significant developments in the country. These include
demonetization, Supreme Court order with regard to moving from BSIII to BSIV
engines on commercial vehicles. Whilst the demonetization resulted in a
temporary blip in the growth, the Supreme Court judgment saw pre-ponement of
purchase by customers due to price benefits available on BS III vehicles.
The Directors are
pleased to report that for the first time the Company has crossed the turnover
of INR 50000.000 Million.
In terms of demand
of the vehicles the trend which was experienced in the previous year was
maintained with the overall vehicle sales increasing by 6.5% over the last
financial year and the spare parts sale growing by about 18%. However, the
margins particularly of commercial vehicles continued to remain under pressure
mainly due to severe competition. Increase in operating expenses most of which
were beyond control due to the inflationary factors continued to impact the
bottom line.
The new financial
year has started at a comparatively low pace due to the aftermath of the
Supreme Court judgment and initial teething troubles after the implementation
of GST. It is expected that things should stabilize in the second half of the
financial year with Government spending increasing on infrastructure projects
and consumers realizing the long term benefits of GST.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
75.000 |
0.000 |
|
Total |
75.000 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G72538051 |
100144047 |
KOTAK MAHINDRA PRIME
LIMITED |
31/10/2017 |
- |
1790000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
G49444086 |
100112979 |
ICICI BANK LIMITED |
06/07/2017 |
- |
15795000.0 |
ICICI BANK
TOWERSBANDRA KURLA COMPLEXMUMBAIMH400051IN |
|
3 |
G53069241 |
100121838 |
HINDUJA LEYLAND
FINANCE LIMITED |
25/03/2017 |
- |
2320000.0 |
1 SARDAR PATEL
ROADGUINDYCHENNAITN600032IN |
|
4 |
G37634912 |
100081387 |
ICICI BANK LIMITED |
10/02/2017 |
- |
4000000.0 |
ICICI BANK TOWERSBANDRA
KURLA COMPLEXMUMBAIMH400051IN |
|
5 |
G77162493 |
100076439 |
ICICI BANK LIMITED |
04/01/2017 |
29/01/2018 |
100084146.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
6 |
G34177485 |
100073944 |
ICICI BANK LIMITED |
30/12/2016 |
- |
1038114.0 |
ICICI BANK
TOWERSBANDRA KURLA COMPLEXMUMBAIMH400051IN |
|
7 |
G11312022 |
100048956 |
KOTAK MAHINDRA
PRIME LIMITED |
23/07/2016 |
- |
12188405.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
8 |
G01829803 |
100020998 |
KOTAK MAHINDRA
PRIME LIMITED |
31/03/2016 |
- |
4051000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
9 |
G01831189 |
100021007 |
KOTAK MAHINDRA
PRIME LIMITED |
31/03/2016 |
- |
7647000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
10 |
G74586017 |
100024716 |
ICICI BANK LIMITED |
22/03/2016 |
03/01/2018 |
1405000000.0 |
ICICI BANK TOWER, NEAR
CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Office equipment
Intangible assets
- Computer software
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 67.53 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.