MIRA INFORM REPORT

 

 

Report No. :

508804

Report Date :

19.05.2018

 

                                                   

 

IDENTIFICATION DETAILS

 

Name :

ATLAS COPCO (INDIA) LIMITED

 

 

Registered Office :

Sveanagar, Mumbai-Pune Road, Dapodi, Pune-411012, Maharashtra

Tel. No.:

91-20-39852100

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

28.01.1960

 

 

Com. Reg. No.:

11-020566

 

 

Capital Investment / Paid-up Capital :

INR 225.616 Million

 

 

CIN No.:

[Company Identification No.]

U27106PN1960PLC020566

 

 

IEC No.:

[Import-Export Code No.]

0388004673

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAACA4074D1Z2

 

 

TIN No.:

27210351021

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACA4074D

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturing, exporting, importing and trading of air and gas compressors, construction and mining equipment and industrial tools. [Registered activity]

 

 

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++

Minimum Risk

Business dealings permissible with minimum risk of default

 

Maximum Credit Limit :

USD 27460000

 

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is a subsidiary of “Atlas Copco AB, Sweden” and was incorporated in the year 1960. The company is a manufacturer, exporter, importer and trader of air and gas compressors, construction and mining equipment, and industrial tools.

As per the financial record of 2016, the company has achieved 13.59% growth in its revenue as compared to previous year and has maintained decent profitability margin of 11.31% during the year under review.

 
Ratings take into consideration the subject’s healthy financial profile on back of low financial leverage with favourable capital structure and comfortable liquidity parameters.

Rating also takes into account of strong financial and managerial support that company receives from its holding entity backed by its well experienced management team.


However, rating strength is partially offset by vulnerability of its operating margins to volatility in raw material prices and working capital intensive operations.

Payment seems to be regular.

 
In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions.

 
Note: As per Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. 

 

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

CRISIL

Rating

Long term borrowing = AAA

Rating Explanation

Highest degree of safety and carry lowest credit risk

Date

02.04.2018

 

 

Rating Agency Name

CRISIL

Rating

Short term borrowing = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk

Date

02.04.2018

 

 

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 19.05.2018.

 

 

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. Sagar Jain

Designation :

Not Divulged

Contact No.:

91-7507025649

Date :

13.05.2018

 

Tel No : 91-20-39852455/ 39852100 (Ringing)

 

 

LOCATIONS

 

Registered/ Corporate/ Head Office/ Factory 1 :

Sveanagar, Mumbai-Pune Road, Dapodi, Pune-411012, Maharashtra, India

Tel. No.:

91-20-39852455/ 39852100/ 39852543/ 2411/ 2416/ 2260

Mobile No.:

91-7507025649 (Mr. Sagar Jain)

Fax No.:

91-20-27147928/ 39852070/ 39852016

E-Mail :

anant.bavare@in.atlascopco.com

anand.daga@in.atlascopco.com

investors.grievances@in.atlascopco.com

contactus@in.atlascopco.com 

Website :

http://www.atlascopco.in

 

 

Factory 2 :

Plot No.90, MIDC, Industrial Area, Satpur, Nashik – 422007, Maharashtra, India

Tel. No.:

91-253-3983100

 

 

Factory 3 :

Gat No: 65/2B, Village : Mahalunge, Chakan MIDC, Pune-410501, Maharashtra, India

Tel. No.:

91-2135-392242

 

 

Factory 4 :

146/2, Sector-I, Lane 8, IDA, Phase – II, Cherlapally, Hyderabad – 500051, Telangana, India

Tel. No.:

91-40-30154373

 

 

Engineering Center 1:

 

2nd Floor, E-1 Beech, Manyata Embassy Business Park, Outer Ring Road, Hebbal-KR Puram Section, Bangalore-560045, Karnataka, India

Tel. No.:

91-80-30215001

 

 

Engineering Center 2:

Survey No. 247/2, Near Yes Bank, Hinjawadi, Pune-411057, Maharashtra, India

Tel. No.:

91-20-39804886

 

 

DIRECTORS

 

AS ON 31.03.2018

 

Name :

Mr. Giovanni Valent

Designation :

Managing Director

Address :

Via Lorenzo Mascheroni, 25, Milano, 20145, Italy

Date of Birth/Age :

21.06.1953

Qualification :

Mechanical Engineering from the Polytechnic University of Milan

Date of Appointment :

10.06.2015

DIN No.:

07207866

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U29254PN2007PTC137623

EDWARDS INDIA PRIVATE LIMITED

30/09/2016

-

U29120KA2005PTC093955

LEYBOLD INDIA PRIVATE LIMITED

04/10/2016

-

U29309PN2017PLC171542

EPIROC MINING INDIA LIMITED

20/07/2017

-

 

 

Name :

Mr. Anilkumar Jewraj Hirjee

Designation :

Director

Address :

Flat No.9, Battery House, 74-A, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

14.05.1939

Qualification :

B.A.(Hons) LLB (Hons) , Barrister at Law from Sloan Fellow of London Business School

Date of Appointment :

20.12.1988

DIN No.:

00044765

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

L99999MH1863PLC000002

BOMBAY BURMAH TRADING CORPORATION LIMITED

01/10/1998

-

L17120MH1879PLC000037

THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED

28/05/2001

-

U63090MH1973PTC016873

CHIKA PRIVATE LIMITED

16/09/1984

-

U65990DL1988PTC300184

GO INVESTMENTS & TRADING PRIVATE LIMITED

30/09/2011

-

U65991MH1999PLC123026

HDFC TRUSTEE COMPANY LIMITED

11/07/2000

-

L15412WB1918PLC002964

BRITANNIA INDUSTRIES LTD

05/09/1993

-

U85100MH1946GAT005082

BREACH CANDY HOSPITAL TRUST

30/03/2000

-

 

 

Name :

Mr. Jamshed Kaikobad Delvadavala

Designation :

Additional Director

Address :

802 A Gulistan, Dr. Ambedkar Road, Dadar, Mumbai - 400014, Maharashtra, India

Date of Birth/Age :

08.02.1948

Qualification :

Chartered Accountant

Date of Appointment :

12.02.2015

DIN No.:

00047470

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U65923MH1991PLC063056

PREMIUM FINANCIAL SERVICES LIMITED

04/12/1995

-

L55101GA1971PLC000113

FOMENTO RESORTS AND HOTELS LIMITED

30/09/2006

-

U93000MH2012PTC232475

VERISMO CONSULTING PRIVATE LIMITED

21/06/2012

-

 

 

Name :

Rolf Hans Ola Meyer

Designation :

Director

Address :

Hoglidsvagen 7, 182 47, Enebybero Sweden

Date of Birth/Age :

31.01.1955

Qualification :

M.SC in Economics and Business Administration from Stockholm School of Economics

Date of Appointment :

09.03.2007

DIN No.:

01385028

 

 

Name :

Cecilia Ingrid Maria Sandberg

Designation :

Director

Address :

Vasterangsvagen 9 182 46 Enebyberg 18246 SE

Date of Appointment :

20.07.2017

DIN No.:

07886753

 

 

KEY EXECUTIVES

 

Name :

Mr. Mahesh Shrikant Kulkarni

Designation :

Chief Financial Officer (KMP)

Address :

Orchid, Row House-4, Behind Medi Point Hospital, Aundh, Ganeshkhind, Pune – 411007, Maharashtra, India

Date of Appointment :

01.01.2018

PAN No.:

ABXPK1233F

 

 

Name :

Mr. Umesh Madanlal Oza

Designation :

Company Secretary

Address :

Row House No. 2, Tulsi Homes, Plot No. 15 Survey No. 253, Khese Park, Lohegaon Road, Pune - 411032, Maharashtra, India

Date of Appointment :

01.02.2018

PAN No.:

AAJPO2034K

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

NOTE: SHAREHOLDERS DETAILS FILE ATTACHED

 

AS ON 11.09.2017

 

Equity Share Break up

Percentage

Category

 

Promoters - Individual/Hindu Undivided Family – Indian

96.32125681

Public/Other than promoters - Individual/Hindu Undivided Family – Indian

3.52091282

Public/Other than promoters - Individual/Hindu Undivided Family (Non-resident Indian (NRI))

0.08236131

Public/Other than promoters - Insurance companies

0.00150699

Public/Other than promoters - Banks

0.00971121

Public/Other than promoters - Foreign institutional investors

0.00221616

Public/Other than promoters – Mutual funds

0.00558472

Promoters - Bodies corporate

0.05117553

Promoters - Others HUF/TRUST/UTI ETC.

0.00527445

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing, exporting, importing and trading of air and gas compressors, construction and mining equipment and industrial tools. [Registered activity]

 

 

Products / Services :

Item Code No. (ITC Code)

Product Description

84148019

Air and Gas Compressors
  • Pneumatic Tools

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Bank Name

Deutsche Bank

Branch

Suprem Cts No.1337/2, Iti Road, Aundh Road, Pune-411007, Maharashtra, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

SECURED LOANS

31.03.2016

INR In Million

31.03.2015

INR In Million

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

187.465

91.276

Other loans and advances

103.528

0.000

Total

290.993

91.276

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

Tower 3, 27th – 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West) , Mumbai-400013, Maharashtra, India

PAN No.:

AABFD7919A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company :

(As on 2017)

Atlas Copco AB, Sweden

 

 

Associate Companies :

(As on 2017)
  • Atlas Copco Sickla Holding AB
  • Atlas Copco Jarla Holding AB
  • Atlas Copco International B.V.
  • Atlas Copco Financial Solutions

 

 

Holding Company :

(As on 31.03.2016)

Atlas Copco AB, Sweden

 

 

Fellow Subsidiary Companies :

(As on 31.03.2016)

 
  • ABAC Aria Compressa S.p.A, Italy
  • ABAC France S.A.S. France
  • Atlas Copco (Botswana) (Pty) Limited, Botswana
  • Atlas Copco (China) Investment Company Limited, China
  • Atlas Copco (China) Mining and Construction Equipment Trading Company Limited, China
  • Atlas Copco (Malaysia) Sdn. Bhd., Malaysia
  • Atlas Copco (N.Z.) Limited, New Zealand
  • Atlas Copco (Nanjing) Construction and Mining Equipment Limited, China
  • Atlas Copco (Philippines) Inc., Philippines
  • Atlas Copco (Schweiz) AG, Switzerland
  • Atlas Copco (Shanghai) Process Equipment Company Limited, China
  • Atlas Copco (Shanghai) Trading Company Limited, China
  • Atlas Copco (Shenyang) Construction and Mining Equipment Limited
  • Atlas Copco (South East Asia) Pte. Limited, Singapore
  • Atlas Copco (Thailand) Limited, Thailand
  • Atlas Copco (Wuxi) Compressor Company Limited, China
  • Atlas Copco (Wuxi) Research and Development Center, China
  • Atlas Copco (Zambia) Limited, Zambia
  • Atlas Copco (Zhangjiakou) Construction and Mining Equipment Limited, China
  • Atlas Copco A.D., Serbia
  • Atlas Copco ACE GmbH Germany
  • Atlas Copco Afrique Centrale SA, Cameroon
  • Atlas Copco Airpower N.V., Belgium
  • Atlas Copco Angola Lda Angola
  • Atlas Copco Anlegg- og Gruveteknikk A/S, Norway
  • Atlas Copco Applications Industrielles S.A.S., France
  • Atlas Copco Argentina S.A.C.I, Argentina
  • Atlas Copco Assembly Systems LLC, USA
  • Atlas Copco Australia Pty Limited, Australia
  • Atlas Copco Bangladesh Limited, Bangladesh
  • Atlas Copco Belgium n.v., Belgium
  • Atlas Copco Berg- und Tunnelbautechnik GmbH, Germany
  • Atlas Copco BH D.O.O. , Bosnia and Herzegovina
  • Atlas Copco BLM S.r.l., Italy
  • Atlas Copco Boliviana SA, Bolivia
  • Atlas Copco Brasil Ltda Brazil
  • Atlas Copco Bulgaria EOOD, Bulgaria
  • Atlas Copco Business Services n.v., Belgium
  • Atlas Copco Canada Inc. ,Canada
  • Atlas Copco Central Asia LLP, Kazakhstan
  • Atlas Copco Chilena S.A.C., Chile
  • Atlas Copco China/Hong Kong Limited, Hong Kong
  • Atlas Copco Colombia Ltda, Colombia
  • Atlas Copco Compressor AB, Sweden
  • Atlas Copco Compressors LLC, USA
  • Atlas Copco Comptec LLC, USA
  • Atlas Copco Construction Technique Brasil Ltda, Brazil
  • Atlas Copco Craelius AB Sweden
  • Atlas Copco Crepelle S.A.S., France
  • Atlas Copco Customer Finance AB, Sweden
  • Atlas Copco Customer Finance Australia Pty Limited, Australia
  • Atlas Copco d.o.o., Croatia
  • Atlas Copco Drilling Solutions LLC, USA
  • Atlas Copco Eastern Africa Limited. Kenya
  • Atlas Copco Energas GmbH, Germany
  • Atlas Copco Finance Belgium BVBA, Belgium
  • Atlas Copco Forage et Construction S.A.S., France
  • Atlas Copco France Holding S.A., France
  • Atlas Copco Ghana Limited, Ghana
  • Atlas Copco Hellas AE, Greece
  • Atlas Copco Holding GmbH, Germany
  • Atlas Copco Hurricane LLC, USA
  • Atlas Copco Industrial Technique AB, Sweden
  • Atlas Copco Industrial Technique (Qingdao) Tool Company Limited, China
  • Atlas Copco Italia S.p.A., Italy
  • Atlas Copco KK, Japan
  • Atlas Copco Kompressoren und Drucklufttechnik GmbH, Germany
  • Atlas Copco Kompressorteknik A/S, Denmark
  • Atlas Copco Korea Company Limited, South Korea
  • Atlas Copco Limited, United Kingdom
  • Atlas Copco Mafi-Trench Company LLC, USA
  • Atlas Copco Makinalari Imalat AS, Turkey
  • Atlas Copco Maroc SA, Morocco
  • Atlas Copco MCT GmbH, Germany
  • Atlas Copco Mexicana S.A. de C.V., Mexico
  • Atlas Copco Meyco AG, Switzerland
  • Atlas Copco Middle East FZE, UAE
  • Atlas Copco Mongolia LLC, Mongolia
  • Atlas Copco Nederland B.V., Netherlands
  • Atlas Copco Nigeria Limited, Nigeria
  • Atlas Copco Peruana SA Peru
  • Atlas Copco Polska Sp. zo.o. Poland
  • Atlas Copco Rental Canada, Australia
  • Atlas Copco Rental Europe n.v., Belgium
  • Atlas Copco Rental LLC, USA
  • Atlas Copco Rental Mexico, Mexico
  • Atlas Copco Rock Drills AB, Sweden
  • Atlas Copco Romania S.R.L., Romania
  • Atlas Copco S.A.E., Spain
  • Atlas Copco s.r.o., Czech Republic
  • Atlas Copco Secoroc AB, Sweden
  • Atlas Copco Secoroc LLC, USA
  • Atlas Copco Services Middle East OMC, Bahrain
  • Atlas Copco Services Middle East SPC, UAE
  • Atlas Copco South Africa (Pty) Limited, South Africa
  • Atlas Copco Specialty Rental LLC, USA
  • Atlas Copco Stonetec S.r.L, Italy
  • Atlas Copco Taiwan Limited Taiwan
  • Atlas Copco Tanzania Limited, Tanzania
  • Atlas Copco Tools and Assembly Systems LLC, USA
  • Atlas Copco Tools Central Europe GmbH, Germany
  • Atlas Copco Tools Limited, United Kingdom
  • Atlas Copco Vietnam Company Limited, Vietnam
  • Atlas Copco Zimbabwe (Private) Limited, Zimbabwe
  • Atlas Industrial Equipment Co, Saudi Arabia
  • BeaconMedaes LLC, USA
  • Bolaite(Shanghai) Compressor Company Limited, China
  • Ceccato Aria Compressa S.r.L, Italy
  • Chicago Pneumatic Construction Equipment, AB Sweden
  • Chicago Pneumatic Tool Company LLC, USA
  • CJSC Atlas Copco, Russia
  • Compresseurs Worthington Creyssensac S.A.S., France
  • Construction Tools GmbH, Germany
  • Construction Tools PC, AB Sweden
  • Desoutter GmbH, Germany
  • Dynapac (China) Compaction and Paving Eq Company Limited, China
  • Dynapac Compaction Equipment, AB Sweden
  • Dynapac Gmbh, Germany
  • EDMAC Europe n.v., Belgium
  • Edwards Limited, United Kingdom
  • Ekomak Kompressoren GmbH, Germany
  • ETS Georges Renault S.A.S., France
  • Fuji Industrial Technique Company Limited, Japan
  • Gazcon A/S, Denmark
  • Grupos Electrogenous Europa SA, Spain
  • Guangzhou Linghein Compressor Company Limited, China
  • Houston Service Industries, Inc, USA
  • Intermech Limited, New Zealand
  • IRMER + ELZE Kompressoren GmbH, Germany
  • Liuzhou Tech Machinery Company Limited, China
  • LLC Atlas Copco Ukraine, Ukraine
  • Medaes Limited, United Kingdom
  • Mining, Rock Excavation and Construction LLC, USA
  • Oy Atlas Copco Kompressorit Ab, Finland
  • Oy Atlas Copco Rotex Ab, Finland
  • Power Tools Distribution n.v., Belgium
  • PT Atlas Copco Indonesia, Indonesia
  • PT Atlas Copco Nusantara, Indonesia
  • Quincy Compressor LLC, USA
  • Saltus Industrial Technique GmbH, Germany
  • SCA Schucker Automation Equipment (Shanghai) Company Limited, China
  • SCA Schucker GmbH and Company KG, Germany
  • Shandong Rock Drilling Tools Company Limited, China
  • Shanghai Tooltec Industrial Tool Company Limited, China
  • Sociedade Atlas Copco de Portugal Lda, Portugal
  • SPA Atlas Copco Algérie, Algeria
  • Synatec GmbH, Germany
  • Tentec Limited, United Kingdom
  • Wuxi Pneumatech Air/Gas Purity Equipment Company Limited, China

 

 

CAPITAL STRUCTURE

 

AS ON 11.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25000000

Equity Shares

INR 10/- each

INR 250.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

22561564

Equity Shares

INR 10/- each

INR 225.616 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

31.03.2014

I.      EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

225.616

225.616

225.616

(b) Reserves and Surplus

9384.994

8684.650

12570.179

(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)

9610.610

8910.266

12795.795

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

9.090

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long-term liabilities

11.976

11.337

13.058

(d) long-term provisions

540.056

553.483

897.499

Total Non-current Liabilities (3)

552.032

564.820

919.647

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

290.993

91.276

52.488

(b) Trade payables

4579.373

3402.397

3612.118

(c) Other current liabilities

1105.586

1300.364

858.775

(d) Short-term provisions

905.342

7043.758

568.593

Total Current Liabilities (4)

6881.294

11837.795

5091.974

 

 

 

 

TOTAL

17043.936

21312.881

18807.416

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2737.251

2558.272

2869.423

(ii) Intangible Assets

40.843

56.272

130.564

(iii) Tangible assets capital work-in-progress

29.619

24.236

20.647

(iv) Intangible assets under development

0.000

166.759

91.633

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

504.110

455.379

368.627

(d) Long-term loans and advances

818.807

838.309

935.478

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

4130.630

4099.227

4416.372

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

284.135

5729.780

1564.382

(b) Inventories

5043.085

4614.124

5354.348

(c) Trade receivables

5988.009

4971.329

5762.423

(d) Cash and bank balances

385.828

509.687

481.364

(e) Short-term loans and advances

1212.249

1331.011

1228.527

(f) Other current assets

0.000

57.723

0.000

Total Current Assets

12913.306

17213.654

14391.044

 

 

 

 

TOTAL

17043.936

21312.881

18807.416

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Total Revenue from operations

30209.424

26593.588

26400.897

 

Other Income

429.357

344.672

175.793

 

TOTAL

30638.781

26938.260

26576.690

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

10755.213

9324.907

9651.321

 

Purchases of Stock-in-Trade

6857.310

6160.229

6109.124

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(188.178)

452.242

25.846

 

Employee benefit expense

2753.626

2639.164

2298.822

 

CSR expenditure

14.933

0.000

0.000

 

Other expenses

4696.865

4421.518

4044.890

 

TOTAL

24889.769

22998.060

22130.003

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

5749.012

3940.200

4446.687

 

 

 

 

 

Less

FINANCIAL EXPENSES

35.838

55.644

57.065

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

5713.174

3884.556

4389.622

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

425.424

492.218

553.985

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

5287.750

3392.338

3835.637

 

 

 

 

 

Less

TAX

1871.949

1163.612

1286.591

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

3415.801

2228.726

2549.046

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

5485.144

9370.673

7228.607

 

 

 

 

 

Add

Other deductions to reserves

0.000

(4.476)

0.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Final equity dividend

2256.157

5076.352

112.808

 

Equity dividend tax

459.300

1033.427

19.172

 

General Reserve

0.000

0.000

275.000

 

Total

2715.457

6109.779

406.980

 

 

 

 

 

 

Balance Carried to the B/S

6185.488

5485.144

9370.673

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

7112.900

7387.600

7230.100

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

151.40

98.78

112.98

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

NA

Net cash flows from (used in) operations

5123.924

5694.651

2937.688

Net cash flows from (used in) operating activities

3420.280

4444.482

1510.639

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

72.35

68.23

79.67

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

5.04

5.35

4.58

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

94.90

80.20

83.65

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.14

0.85

0.83

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

2.05

1.40

1.43

 

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.40

0.56

0.27

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.03

0.01

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.72

1.33

0.40

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.29

0.31

0.24

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

160.42

70.81

77.92

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin [(PAT / Sales) * 100]

%

11.31

8.38

9.66

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

20.04

10.46

13.55

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

35.54

25.01

19.92

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.88

1.45

2.83

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.14

1.06

1.77

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.56

0.42

0.68

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

1.29

0.40

0.27

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.88

1.45

2.83

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

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Share Capital

225.616

225.616

225.616

Reserves & Surplus

12570.179

8684.650

9384.994

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

12795.795

8910.266

9610.610

 

 

 

 

Long-term borrowings

9.090

0.000

0.000

Short term borrowings

52.488

91.276

290.993

Total borrowings

61.578

91.276

290.993

Debt/Equity ratio

0.005

0.010

0.030

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Sales

26400.897

26593.588

30209.424

 

 

0.730

13.597

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Sales

26400.897

26593.588

30209.424

Profit/ (Loss)

2549.046

2228.726

3415.801

 

9.66%

8.38%

11.31%

 

 

 

 

 

LEGAL CASE

 

 

 

 

 

 

HIGH COURT

 

ORISSA METALLIKS PVT. 11LTD. R.N. GHOSE & ASSOCIATES ATLAS COPCO INDIA LIMITED COMPANY MATTER ADJOURNED I

high court-West Bengal

Case no:AP 575/2017

Case status:Pending

Judge:HON'BLE JUSTICE I. P. MUKERJI

Date:2017-07-26

 

HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA

high court-Mumbai

Case no:901. ITXA/2285/2011

Case status:Pending

Judge:HON'BLE SHRI JUSTICE V.M. KANADEHON'BLE SHRI JUSTICE A.A. SAYED

Date:2013-01-02T00:00:00Z

 

HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA LTD

high court-Mumbai

Case no:901. ITXA/111/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE V.M. KANADEHON'BLE SHRI JUSTICE A.A. SAYED

Date:2013-01-02T00:00:00Z

 

HIGH COURT

 

ASSOCIATION OF ENGINEERIN G WORKERS AND ANR VS ATLAS COPCOINDIA D.

high court-Mumbai

Case no:24. WP/2650/2013

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI

Date:2013-12-13T00:00:00Z

 

HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA LTD

high court-Mumbai

Case no:ITXAL/709/2011

Case status:Pending

Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

Date:2011-09-08T00:00:00Z

 

HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA LTD

high court-Mumbai

Case no:ITXAST/709/2011

Case status:Pending

Judge:REGISTRAR (JUDICIAL - I [WP])

Date:2011-09-08T00:00:00Z

 

HIGH COURT

 

ASSOCIATION OF ENGINEERIN G WORKERS AND ANR VS ATLAS COPCOINDIA D.

high court-Mumbai

Case no:31. WP/2650/2013

Case status:Pending

Judge:HON'BLE SMT. JUSTICE V.K. TAHILRAMANI

Date:2014-02-21T00:00:00Z

 

HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA LTD

high court-Mumbai

Case no:901. ITXA/2285/2011

Case status:Pending

Judge:HON'BLE SHRI JUSTICE J.P. DEVADHARHON'BLE SHRI JUSTICE R.D. DHANUKA

Date:2013-01-02T00:00:00Z

 

HIGH COURT

 

SHARAD JAMNADAS SHAH VS ATLAS COPCO INDIA LTD . AND 2 ORS

high court-Mumbai

Case no:NMS/2054/2010

Case status:Pending

Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

Date:2010-07-09T00:00:00Z


HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA LTD Case No.ITA14242007 Assessment Year

high court-Mumbai

Case no:903. ITXA/111/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE N.M. JAMDAR

Date:2013-02-13T00:00:00Z

 

 

HIGH COURT

 

THE COMMISSIONER OF INCOM E TAX V PUNE VS ATLAS COPCO INDIA OF SERVICE ON BEHALF THE APPELLANT ON 30072011.

high court-Mumbai

Case no:ITXAL/881/2011

Case status:Pending

Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER

Date:2011-09-15T00:00:00Z


HIGH COURT

 

ORISSA METALLIKS PVT. LTD. R.N. GHOSE & ASSOCIATES ATLAS COPCO INDIA LIMITED

high court-West Bengal

Case no:AP 575/2017

Case status:Pending

Judge:HON'BLE JUSTICE I. P. MUKERJI

Date:2017-08-01


HIGH COURT

 

COMMERCIAL MS ATLAS COPCO INDIA LTD

high court-Rajasthan

Case no:S.T.R. 274/2017 1301 STAY 4219/2017

Case status:Pending

Judge:

Date:2018-03-20


HIGH COURT

 

COMMERCIAL MS ATLAS COPCO INDIA LTD

high court-Rajasthan

Case no:S.T.R. 275/2017 1301 STAY 4224/2017

Case status:Pending

Judge:

Date:2018-03-20

 

HIGH COURT

 

ASSOCIATION OF ENGINEERIN VS ATLAS COPCOINDIA LT D.

high court-Maharashtra

Case no:NMW/321/2016

Case status:Pending

Judge:HON'BLE SHRI JUSTICE K.K. TATED

Date:2016-12-13

 

 

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

No

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

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

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

BACKGROUND AND INTRODUCTION (As on 31.03.2016)

 

The Company would carry the Corporate Social Responsibility (CSR) activities through Atlas Copco Charitable Foundation (Foundation), a charitable trust established by the Company in 2006 with the sole objective to support the CSR initiatives of the Company. Company would also join hands with other non-government organizations (NGO) to achieve its CSR mission.

 

OPERATIONS:

 

The company performed well in the financial year 2015/16 with total revenue for the year ended 31st March 2016 at INR 30571.900 Million against INR 26938.300 Million for the corresponding previous year showing a growth of 13.49% over previous year. The profit before exceptional items and taxes for the year ended 31st March 2016 was INR 5287.700 Million against INR 3392.300 Million for the corresponding previous year showing remarkable increase of 55.87% over the previous year.

 

The global economy continued to struggle with its subdued growth during the year. Against this global backdrop, Indian economy stayed fairly resilient. Domestic macro-economic conditions also remained stable. In spite of global slowdown, demand for Company’s products was higher compared to the previous year.

 

INDEX OF CHARGE:

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

B32714099

10095906

CITI BANK N.A.

13/03/2008

20/01/2012

-

2180000000.0

FIRST FLOOR, ONYX TOWERS, NEAR WESTIN HOTEL, NORTH MAIN ROAD, KOREGAON PARK, PUNE-411001, MAHARASHTRA, INDIA

2

A57803207

90128666

ANDHRA BANK- MALAKPET BRANCH

09/09/2004

09/02/2009

-

51500000.0

16-10-27/105/13 TO 16 MAIN ROAD MALAKPET , HYDERABAD-500036, TELANGANA, INDIA

3

A09924515

90130518

ANDHRA BANK - MALAKPET BRANCH

04/08/2004

29/09/2006

-

10000000.0

MALALPET BRANCH, HYDERABAD, TELANGANA, INDIA

4

B63783252

10083861

CITI BANK N.A.

31/12/2007

-

03/12/2012

250000000.0

PARMAR HOUSE, 2413, EAST STREET CAMP, PUNE-411001, MAHARASHTRA, INDIA

5

A77901718

90260167

ANDHRA BANK

31/12/2004

-

27/01/2010

646000.0

MALALPET BRANCH, HYDERABAD, TELANGANA, INDIA

6

A77566156

10002944

SUNDARAM FINANCE LIMITED

20/03/2006

-

23/01/2010

742674.0

NO. 21 PATULLOS ROAD, CHENNAI-600002, TAMILNADU, INDIA

7

A72616832

90126877

ANDHRA PRADESH STATE FINANCIAL CORPORATION

07/07/2004

-

07/11/2009

15500000.0

R.R. (EAST) BRANCHCHIRAG ALI LANE HYDERABAD, TELANGANA, INDIA

8

A72616766

10014122

ANDHRAPRADESH STATE FINANCIAL CORPORATION

03/08/2006

-

07/11/2009

13265000.0

5-9-194, CHIRAG ALI LANE HYDERABAD-500001, TELANGANA,  INDIA

9

A72616543

10035610

ANDHRA PRADESH STATE FINANCIAL CORPORATION

01/02/2007

-

07/11/2009

8400000.0

5-9-194, CHIRAG ALI LANE HYDERABAD-500001, TELANGANA,  INDIA

10

A72616667

10137005

ANDHRA PRADESH STATE FINANCIAL CORPORATION

05/11/2008

-

07/11/2009

6000000.0

5-9-194, CHIRAG ALI LANE HYDERABAD-500001, TELANGANA,  INDIA

 

 

FIXED ASSETS:

 

Tangible Asset:

 

Intangible Asset:

 

 

 

 

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 67.95

UK Pound

1

INR 91.88

Euro

1

INR 80.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHL

 

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TRUP

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--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)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.