|
|
|
MIRA INFORM REPORT
|
Report No. : |
508379 |
|
Report Date : |
17.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
METTLER-TOLEDO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Amar Hill, Saki Vihar Road, Powai, Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-28031111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.03.1998 |
|
|
|
|
Com. Reg. No.: |
11-114109 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 44.306 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1998PTC114109 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does not
have export and import] |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCM0779N1Z0 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM0779N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into the business of Manufacturing and Trading
of Precision Equipments and Related Services, Software Development, Market
Support and Global Business Shared Support Services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 5780000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Mettler-Toledo Holding AG, Switzerland”. It
is an established company incorporated in the year 1998 having fine track
record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved good profit margin at 11.71% (approximately). The company possesses robust financial risk profile marked by healthy
networth base along with debt free balance sheet profile of the company. The company also derives strength from its holding entity and its
experienced management team. Fundaments of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitment. 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 17.05.2018.
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. Ritesh Savaliya |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9833351579 |
|
Date : |
13.05.2018 |
|
Name : |
Mr. Prabhashakar Jha |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9899064032 |
|
Date : |
13.05.2018 |
91-22-42910111 – Continuously Ringing
LOCATIONS
|
Registered / Corporate Office: |
Amar Hill, Saki Vihar Road, Powai, Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28031111/ 42910111/ 256/ 115 |
|
Mobile No.: |
91-9899064032 (Mr. Prabhashakar Jha) 91-9833351579 (Mr. Ritesh Savaliya) |
|
Fax No.: |
91-22-28575071 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Building No. 3, Survey No. 44 and 45, Village Mouje Sativali, Vasai (East),
Thane – 401208, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name |
Mr. Sanjeev Dhar |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
B-904, 9th Floor, Florentine CHS Limited, Hiranandani Gardens,
A. S. Marg, Powai Mumbai – 400076, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
03.02.1959 |
||||||||
|
Qualification : |
M.Sc., PGDMA |
||||||||
|
Date of Appointment : |
11.03.2011 |
||||||||
|
PAN No.: |
AAAPD0819N |
||||||||
|
DIN No.: |
03465762 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Harimohan Puri |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
16, Heliopolis, S. B. Road, Colaba, Mumbai - 40005, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
12.10.1928 |
||||||||
|
Date of Appointment : |
23.03.1998 |
||||||||
|
PAN No.: |
AAFPP8976P |
||||||||
|
DIN No.: |
00493886 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Arunachalam Krishnamurthy |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
A-111, Andheri Greenfield Tower CHS Limited, JVLR Next to
Namaskar Building, Near Poonam Nagar, Andheri (East), Mumbai – 400093,
Maharashtra, India |
||||||||
|
Date of Birth/Age : |
07.08.1969 |
||||||||
|
Qualification : |
B. Com, A.C.A. |
||||||||
|
Date of Appointment : |
11.03.2011 |
||||||||
|
PAN No.: |
AAEPK7402L |
||||||||
|
DIN No.: |
02053104 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Richard Ann Ping Wong |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
23, Sunbird Avenue, Singapore-487340 |
||||||||
|
Date of Birth/Age : |
23.06.1964 |
||||||||
|
Date of Appointment : |
19.01.2009 |
||||||||
|
DIN No.: |
02568299 |
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mettler-Toledo Holding AG, Switzerland |
|
4430609 |
|
Microwa Praezisionswaagen AG, Switzerland |
|
1 |
|
|
|
|
|
Total |
|
4430610 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Body corporate) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into the business of Manufacturing and
Trading of Precision Equipments and Related Services, Software Development, Market
Support and Global Business Shared Support Services. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
The Hongkong and Shanghai Banking Corporation Limited |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls Finance Centre, Tower-3, 27th-32nd Floor ,Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate
Holding Company: |
Mettler Toledo International Inc. (USA) |
|
|
|
|
Holding
Company: |
Mettler-Toledo Holding AG (Switzerland) |
|
|
|
|
Subsidiary
Company: |
Ohaus Weighing India Private Limited [U29199MH2006PTC165285] |
|
|
|
|
Fellow
Subsidiary Companies : |
· Mettler-Toledo Logistik GmbH (Switzerland) · Mettler Toledo (Changzhou) Measurement Technology Ltd (China) · Mettler-Toledo Albstadt GmbH (Germany) · Mettler-Toledo AG (Switzerland) · Mettler Toledo Autochem INC. · Mettler-Toledo, LLC (USA) · Mettler-Toledo Logistik GmbH (Switzerland) · Mettler-Toledo Services Asia-Pac Sdn Bhd (Malaysia) · Mettler Toledo Logistik Gmbh · Mettler-Toledo GmbH (Switzerland) · Mettler-Toledo Changzhou Precision Instruments Limited · Mettler-Toledo Limited · Mettler-Toledo Thornton Inc. [Massachusetts] · Mettler-Toledo, LLC [Delaware] (formerly known as Mettler-Toledo Inc.) · Mettler-Toledo Inc. · Ohaus Corporation · Mettler-Toledo (M) SDN. BHD. · Mettler-Toledo (S.E.A). · Mettler-Toledo Garvens GmbH · Mettler-Toledo Safeline Limited · Mettler-Toledo Cargoscan AS · Mettler-Toledo Corporate Function Rainin Instrument, LLC [Delaware] · Mettler-Toledo S.p.A · Mettler-Toledo (Korea) Limited · Mettler-Toledo Services Asia-Pac Sdn. Bhd. · Mettler-Toledo (S) Pte Ltd · Mettler Toledo (Thailand) Limited · Mettler Toledo Sales International · Mettler-Toledo S.A.E. · Mettler-Toledo Limited · Mettler- Toledo Safeline, Inc. · Mettler-Toledo · Safeline X-Ray Limited · Mettler-Toledo Instruments (Shanghai) Co., Limited · Mettler-Toledo Pac Rim AG · Mettler-Toledo Product Inspection B.V. · Mettler-Toledo Instruments (Shanghai) Co., Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4430610 |
Equity Shares |
INR 10/- each |
INR 44.306 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 |
44.306 |
44.306 |
44.306 |
|
(b) Reserves and Surplus |
1980.283 |
1548.701 |
1250.419 |
|
(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) |
2024.589 |
1593.007 |
1294.725 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
98.278 |
83.776 |
68.959 |
|
Total Non-current
Liabilities (3) |
98.278 |
83.776 |
68.959 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
697.468 |
363.844 |
267.810 |
|
(c) Other current
liabilities |
225.413 |
221.427 |
217.763 |
|
(d) Short-term
provisions |
108.726 |
74.868 |
59.067 |
|
Total Current
Liabilities (4) |
1031.607 |
660.139 |
544.640 |
|
|
|
|
|
|
TOTAL |
3154.474 |
2336.922 |
1908.324 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
376.627 |
357.039 |
350.792 |
|
(ii)
Intangible Assets |
4.683 |
5.501 |
4.148 |
|
(iii) Tangible assets
capital work-in-progress |
0.256 |
0.256 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
58.272 |
41.628 |
48.139 |
|
(d)
Long-term loans and advances |
113.165 |
125.821 |
78.149 |
|
(e) Other Non-current
assets |
0.060 |
0.055 |
0.052 |
|
Total Non-Current
Assets |
553.163 |
530.400 |
481.380 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
236.621 |
264.327 |
217.517 |
|
(c) Trade
receivables |
557.564 |
464.887 |
395.177 |
|
(d) Cash and
bank balances |
1709.111 |
966.433 |
723.275 |
|
(e)
Short-term loans and advances |
89.578 |
107.314 |
90.387 |
|
(f) Other
current assets |
8.437 |
3.561 |
0.588 |
|
Total
Current Assets |
2601.311 |
1806.522 |
1426.944 |
|
|
|
|
|
|
TOTAL |
3154.474 |
2336.922 |
1908.324 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3683.164 |
3099.707 |
3118.626 |
|
|
Other Income |
95.304 |
55.333 |
63.840 |
|
|
TOTAL |
3778.468 |
3155.040 |
3182.466 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
789.605 |
669.333 |
731.611 |
|
|
Purchases of
Stock-in-Trade |
838.136 |
819.247 |
745.441 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
52.777 |
(23.038) |
8.934 |
|
|
Employee benefit expense |
682.903 |
586.613 |
615.218 |
|
|
CSR expenditure |
7.496 |
5.500 |
0.000 |
|
|
Other expenses |
682.707 |
611.858 |
601.032 |
|
|
TOTAL |
3053.624 |
2669.513 |
2702.236 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
724.844 |
485.527 |
480.230 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.041 |
0.090 |
0.267 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
724.803 |
485.437 |
479.963 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
49.548 |
23.144 |
48.191 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
675.255 |
462.293 |
431.772 |
|
|
|
|
|
|
|
Less |
TAX |
243.674 |
164.011 |
148.999 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
431.581 |
298.282 |
282.773 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
12.548 |
12.265 |
12.285 |
|
|
Other
Earnings |
268.354 |
216.540 |
191.095 |
|
|
TOTAL EARNINGS |
280.902 |
228.805 |
203.380 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
667.535 |
629.200 |
522.610 |
|
|
Components and spare
parts |
546.231 |
636.604 |
537.716 |
|
|
Capital Goods |
10.585 |
6.926 |
9.566 |
|
|
TOTAL IMPORTS |
1224.351 |
1272.730 |
1069.892 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
97.41 |
67.32 |
63.82 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
964.651 |
436.239 |
418.693 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
744.117 |
252.990 |
256.464 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
55.25 |
54.74 |
46.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.61 |
6.67 |
7.89 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
156.40 |
89.21 |
66.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.06 |
1.84 |
2.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.90 |
1.34 |
1.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.33 |
0.28 |
0.29 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.51 |
0.41 |
0.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.23 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
17679.12 |
5394.74 |
1798.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
11.72 |
9.62 |
9.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.68 |
12.76 |
14.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.32 |
18.72 |
21.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.52 |
2.74 |
2.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.29 |
2.34 |
2.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.64 |
0.68 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.52 |
2.74 |
2.62 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
44.306 |
44.306 |
44.306 |
|
Reserves & Surplus |
1250.419 |
1548.701 |
1980.283 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1294.725 |
1593.007 |
2024.589 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
3118.626 |
3099.707 |
3683.164 |
|
|
|
(0.607) |
18.823 |
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 |
3118.626 |
3099.707 |
3683.164 |
|
Profit/ (Loss) |
282.773 |
298.282 |
431.581 |
|
|
9.07
% |
9.62
% |
11.72
% |
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 |
No |
|
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 |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G82828088 |
100166556 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
27/03/2018 |
- |
- |
15000000.0 |
52/60, MAHATMA GANDHI ROAD,FORTMUMBAIMH400001IN |
|
2 |
G73110173 |
100146432 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
06/10/2017 |
- |
- |
8000000.0 |
52/60 MAHATMA GANDHI ROADFORTMUMBAIMH400001IN |
|
3 |
G04103255 |
100028673 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
07/04/2016 |
- |
- |
2000000.0 |
52/60 M G ROAD, FORTMUMBAIMH400001IN |
CHANGE OF ADDRESS:
Registered address of the company has been shifted from to the present
address w.e.f
BRIEF DESCRIPTION OF
THE COMPANY:
Mettler-Toledo India Private Limited is a subsidiary of Mettler Toledo Holding AG, Switzerland and is incorporated under the Companies Act, 1956 having its registered office at Amar Hill, Saki-Vihar Road, Powai Mumbai – 400072. The Company commenced its operation in 1998 and is engaged into the business of manufacturing and trading of precision equipments and related services, software development, market support and global business shared support services. The Company has its factory located at Vasai and Nashik and warehouse located at Bhiwandi in the state of Maharashtra.
OPERATIONS
During the period, the company has earned a profit after tax of INR 431.581 Million as compared to previous year’s profit of INR 298.283 Million which implies an approx. 45% rise in the profits of the Company. The directors of the company are continuously looking out for avenues to increase the business of the company.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Leasehold improvements
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 67.83 |
|
UK Pound |
1 |
INR 91.68 |
|
Euro |
1 |
INR 80.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
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.