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|
|
MIRA INFORM REPORT
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Report No. : |
510719 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARKER HANNIFIN INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
EL 26, MIDC Electronic Zone, TTC Industrial Area, Mahape, Navi Mumbai
– 400709, Maharashtra |
|
Tel. No.: |
91-22-41242500 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
17.01.1989 |
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|
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Com. Reg. No.: |
11-050377 |
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Capital
Investment / Paid-up Capital : |
INR 4125.468 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29119MH1989PTC050377 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0398038724 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP10093G |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACP6820G1ZJ |
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PAN No.: [Permanent Account No.] |
AAACP6820G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
(Registered Activity and also confirmed by management) |
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No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a step down subsidiary of “Parker Hannifin Corporation”, United States. The company was incorporated on 1989. The company is engaged in the business of manufacture of filtering and purifying machinery or apparatus for liquids and gases and manufacture of fluid power equipment. Management has failed to file its financials with Registrar of Companies for the FY 2017. As per the financial record of 2016, the company has reported a growth of 3.81% but has reported losses from its operational activity during the year under review. The moderate financial of the company is marked by negative reserve base due to hue accumulated losses along with negligible debt level. Rating takes into account of strong financial and managerial support that company receives from its holding entity backed by its well experienced management team. Rating also takes into consideration equity infused by its promoters. However, rating strength is partially offset by vulnerability of its operating margins to volatility in raw material prices and working capital intensive operations. Business is active. Payment seems to be slow but correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 23.05.2018
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
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-22-41242500)
LOCATIONS
|
Registered/ Division
Headquarters / Factory 1 / Sales Office : |
EL 26, MIDC Electronic Zone, TTC Industrial Area, Mahape, Navi Mumbai
– 400709, Maharashtra, India |
|
Tel. No.: |
91-22-65137083-85/41242522/41242500 / 24142602 |
|
Fax No.: |
91-22-27686841/ 41422920 |
|
E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
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|
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Division
Headquarters 2/ Factory 2 / Sales Office 2 : |
SSD Drives Division 151 and 157
Developed Plots, Perungudi, Chennai – 600096, Tamilnadu, India |
|
Tel. No.: |
91-44-43910799 |
|
Fax No.: |
91-44-43910700 |
|
|
|
|
Division
Headquarters 3/ Factory 3 / Sales Office 3: |
Fluid Connectors
India Plot 26-29, 16A
and 18-19, Phase IV, IDA Patancheru, Hyderabad - 502319, Telangana, India
|
|
Tel. No.: |
91-8455-248700 |
|
Fax No.: |
91-8455-248789 |
|
|
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Factory 4 : |
Annapurna Kenmore,
19B IDA Balangar, Hyderabad – 500037, Telangana, India |
|
Tel. No.: |
91-40-40073330 |
|
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Factory 5 : |
Chomerics Division No.1465/2 B1, Sriperumbudur
Village, Sriperumbudur Taluk, Chennai - 602105, Tamilnadu, India |
|
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Factory 6 : |
USE 688287, Hyderabad – 502319, Telangana, India |
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Factory 7 : |
Plot No. P41/2, Eighth Avenue, Domestic Tariff Area,
Mahindra World City, Chengelpattu, Kancheepuram District. Chennai – 603002,
Tamilnadu, India |
|
Tel. No.: |
91-44-67450309 |
|
|
|
|
Factory 8 : |
Khasra 145,146,153/1,153/3,157, Amravati Road,
Bazargaon, Nagpur – 440023, Maharashtra, India |
|
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|
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Sales Office : |
Located At : ·
Hyderabad |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arijit Diptimoy Sen |
|
Designation : |
Managing Director |
|
Address : |
Tower A, Vanashree CHS, 9th Floor Flat No.9, Sector - 58A,
Palm Beach Road, Nerul, Navi Mumbai – 400706, Maharashtra,
India |
|
Date of Birth/Age : |
17.11.1957 |
|
Date of Appointment : |
07.01.2008 |
|
DIN No.: |
02097059 |
|
|
|
|
Name : |
Mr. Ashok Chhaganlal Pratap |
|
Designation : |
Director |
|
Address : |
Ruby Mansion, 3rd Floor, Darabsha Lane, Napean Sea Road,
Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1940 |
|
Date of Appointment : |
17.01.1989 |
|
DIN No.: |
00107906 |
|
|
|
|
Name : |
Mrs. Parul Satish Nanabhai |
|
Designation : |
Director |
|
Address : |
Indus, Pheroz Shah Mehta Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
04.12.1957 |
|
Date of Appointment : |
17.01.1989 |
|
DIN No.: |
00320158 |
|
|
|
|
Name : |
Mr. Pranav Gordhandas Ramparia |
|
Designation : |
Director |
|
Address : |
902 A, Mulund Akashdeep Co-Operative Housing Society, Navghar Road Mhada Colony, Mulund (East), Mumbai – 400081, Maharashtra, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07138385 |
|
|
|
|
Name : |
Mr. Ashwin Manmohanlal Gupta |
|
Designation : |
Additional Director |
|
Address : |
2 A, Nehru Park Society, Swami Shivanand Marg, Off. Old Padra Road, Akola, Vadodara Rac Ecourse, Vadodara-390007, Gujarat, India |
|
Date of Appointment : |
22.06.2016 |
|
DIN No.: |
07511427 |
KEY EXECUTIVES
|
Name : |
Priti Paras Baria |
|
Designation : |
Company Secretary |
|
Address : |
1603, Sunbeam Building, Swastik Park, Near W.M.I Cranes, Village Road, Nahur (West), Mumbai-400078, Maharashtra, India |
|
Date of Appointment : |
23.03.2016 |
|
PAN No.: |
ARTPB3017G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Parker Hannifin Singapore Pte Limited, Singapore |
|
412546819 |
|
Parker Hannifin Corporation, USA |
|
24 |
|
Total |
|
412546843 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.12.2016
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
(Registered Activity and also confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Need and Bank |
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Purchasing : |
Need and Bank Transfer |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, End Users and Related Companies
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No. of Employees : |
700 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
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 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
· Parker Hannifin Singapore Pte Limited, Singapore |
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|
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Ultimate
Holding company: |
· Parker Hannifin Corporation, United States |
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|
Fellow
Subsidiary company: |
· Parker Middle East Fze · parker Korea Limited · Parker Hannifin Manufacturing Limited · Parker Hannifin Indecom Ltda · Parker Hannifin Fluid Power Systems and Components Shanghai Co. Limited · Parker Hannifin Europe Sarl, Dewsbury UK · Parker Hannifin Europe SarlItr · Parker Hannifin Cannada · parker Hannifin (Australia) Pty. Limited · Legris India Private Limited, India U74899HR2001PTC048721 · Legris Holding India Private Limited, India U67120MH2000PTC223109 · Bestobell Valves (India) Private Limited, India U29253GJ2010FTC059505 |
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Subsidiary company: |
|
CAPITAL STRUCTURE
AFTER 28.12.2016
Authorised Capital : INR 6160.000 Million
Issued Subscribed & Paid-up Capital : INR 5007.784
Million
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
616000000 |
Equity Shares |
INR 10/- each |
INR 6160.000 Million |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
412546843 |
Equity Shares |
INR 10/- each |
INR 4125.468 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4125.468 |
3994.314 |
3994.314 |
|
(b) Reserves & Surplus |
(1426.556) |
(1022.873) |
(660.895) |
|
(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) |
2698.912 |
2971.441 |
3333.419 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2251.767 |
2179.957 |
1821.630 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
93.890 |
84.993 |
1.726 |
|
(d) long-term provisions |
86.464 |
77.483 |
199.125 |
|
Total
Non-current Liabilities (3) |
2432.121 |
2342.433 |
2022.481 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20.000 |
10.000 |
15.052 |
|
(b) Trade payables |
1081.608 |
862.669 |
1246.356 |
|
(c) Other current liabilities |
365.155 |
326.513 |
221.791 |
|
(d) Short-term provisions |
24.480 |
33.815 |
33.258 |
|
Total
Current Liabilities (4) |
1491.243 |
1232.997 |
1516.457 |
|
|
|
|
|
|
TOTAL |
6622.276 |
6546.871 |
6872.357 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2644.689 |
2927.965 |
3035.888 |
|
(ii) Intangible Assets |
395.130 |
716.100 |
1037.008 |
|
(iii) Capital work-in-progress |
204.041 |
77.706 |
47.389 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
182.198 |
25.518 |
25.518 |
|
(c) Deferred tax assets (net) |
71.405 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
174.150 |
194.937 |
130.023 |
|
(e) Other Non-current assets |
52.239 |
47.216 |
49.403 |
|
Total
Non-Current Assets |
3723.852 |
3989.442 |
4325.229 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
875.938 |
846.693 |
839.631 |
|
(c) Trade receivables |
1249.499 |
1137.686 |
1188.058 |
|
(d) Cash and cash equivalents |
363.920 |
257.301 |
258.281 |
|
(e) Short-term loans and
advances |
403.900 |
314.589 |
260.780 |
|
(f) Other current assets |
5.167 |
1.160 |
0.378 |
|
Total
Current Assets |
2898.424 |
2557.429 |
2547.128 |
|
|
|
|
|
|
TOTAL |
6622.276 |
6546.871 |
6872.357 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
5995.695 |
5775.430 |
5225.463 |
|
|
Other Income |
60.996 |
44.702 |
19.745 |
|
|
TOTAL
|
6056.691 |
5820.132 |
5245.208 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2580.550 |
2550.661 |
2646.355 |
|
|
Purchases of Stock(in(Trade |
993.049 |
868.421 |
721.264 |
|
|
Changes in inventories of
finished goods, work(in(progress and Stock(in(Trade |
(14.125) |
(4.848) |
52.170 |
|
|
Employees benefits expense |
805.824 |
769.552 |
630.010 |
|
|
Other expenses |
1364.160 |
1282.490 |
1232.994 |
|
|
TOTAL |
5729.458 |
5466.276 |
5282.793 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
327.233 |
353.856 |
(37.585) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
115.491 |
106.920 |
92.575 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
211.742 |
246.936 |
(130.160) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
718.176 |
608.914 |
570.393 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(506.434) |
(361.978) |
(700.553) |
|
|
|
|
|
|
|
Less |
TAX |
(71.405) |
0.000 |
(48.107) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(435.029) |
(361.978) |
(652.446) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1192.109 |
1423.065 |
1298.409 |
|
|
Earnings on other income |
175.941 |
172.619 |
90.218 |
|
|
TOTAL
EARNINGS |
1368.050 |
1595.684 |
1388.627 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1009.597 |
1087.108 |
1589.786 |
|
|
Components and Stores parts |
58.203 |
41.861 |
13.550 |
|
|
Capital Goods |
138.886 |
18.525 |
28.034 |
|
|
TOTAL
IMPORTS |
1206.686 |
1147.494 |
1631.370 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(1.07) |
(0.91) |
(1.63) |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover |
|
|
6000.000 |
|
|
|
|
|
The above information has been parted by Mr. Vicky (Finance Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
404.810 |
(76.399) |
(53.929) |
|
Net cash flows from (used in) operating activities |
387.461 |
(145.985) |
(90.478) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
76.07 |
71.90 |
82.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.80 |
5.08 |
4.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
110.47 |
92.09 |
135.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.37 |
0.42 |
-0.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.10 |
0.10 |
-0.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.57 |
0.52 |
0.49 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.84 |
0.74 |
0.55 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.55 |
0.41 |
0.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.20 |
1.25 |
1.24 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.83 |
3.31 |
-0.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(7.26) |
(6.27) |
(12.49) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(6.57) |
(5.53) |
(9.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(16.12) |
(12.18) |
(19.57) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.94 |
2.07 |
1.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.36 |
1.39 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.41 |
0.45 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.55 |
0.55 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.94 |
2.07 |
1.68 |
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 |
3994.314 |
3994.314 |
4125.468 |
|
Reserves & Surplus |
(660.895) |
(1022.873) |
(1426.556) |
|
Net
worth |
3333.419 |
2971.441 |
2698.912 |
|
|
|
|
|
|
Long Term borrowings |
1821.630 |
2179.957 |
2251.767 |
|
Short Term borrowings |
15.052 |
10.000 |
20.000 |
|
Total
borrowings |
1836.682 |
2189.957 |
2271.767 |
|
Debt/Equity
ratio |
0.551 |
0.737 |
0.842 |
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
|
5225.463 |
5775.430 |
5995.695 |
|
|
|
10.525 |
3.814 |
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
|
5225.463 |
5775.430 |
5995.695 |
|
Profit |
(652.446) |
(361.978) |
(435.029) |
|
|
(12.49%) |
(6.27%) |
(7.26%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4125.468 |
3994.314 |
|
(b) Reserves & Surplus |
|
(1409.283) |
(1018.514) |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Minority interest |
|
77.138 |
19.918 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2793.323 |
2995.718 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2251.767 |
2169.957 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
93.890 |
84.993 |
|
(d) long-term provisions |
|
86.464 |
77.483 |
|
Total
Non-current Liabilities (3) |
|
2432.121 |
2332.433 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
1149.296 |
863.933 |
|
(c) Other current liabilities |
|
364.194 |
325.910 |
|
(d) Short-term provisions |
|
25.373 |
33.815 |
|
Total
Current Liabilities (4) |
|
1538.863 |
1223.658 |
|
|
|
|
|
|
TOTAL |
|
6764.307 |
6551.809 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2653.789 |
2928.847 |
|
(ii) Intangible Assets |
|
448.450 |
716.100 |
|
(iii) Capital work-in-progress |
|
204.041 |
77.706 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
72.760 |
0.273 |
|
(d) Long-term Loan and Advances |
|
187.676 |
198.287 |
|
(e) Other Non-current assets |
|
52.239 |
47.216 |
|
Total
Non-Current Assets |
|
3618.955 |
3968.429 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
948.207 |
846.693 |
|
(c) Trade receivables |
|
1329.562 |
1139.646 |
|
(d) Cash and cash equivalents |
|
454.673 |
281.057 |
|
(e) Short-term loans and
advances |
|
405.574 |
314.592 |
|
(f) Other current assets |
|
7.336 |
1.392 |
|
Total
Current Assets |
|
3145.352 |
2583.380 |
|
|
|
|
|
|
TOTAL |
|
6764.307 |
6551.809 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
6303.586 |
5781.026 |
|
|
Other Income |
|
64.318 |
48.220 |
|
|
TOTAL
|
|
6367.904 |
5829.246 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2785.147 |
2550.660 |
|
|
Purchases of Stock in(Trade |
|
993.049 |
868.398 |
|
|
Changes in inventories of
finished goods, work(in(progress and Stock(in(Trade |
|
(12.179) |
(4.848) |
|
|
Employees benefits expense |
|
819.827 |
769.552 |
|
|
Other expenses |
|
1388.952 |
1288.458 |
|
|
TOTAL |
|
5974.796 |
5472.220 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
393.108 |
357.026 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
113.563 |
104.712 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
279.545 |
252.314 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
719.302 |
609.416 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
(439.757) |
(357.102) |
|
|
|
|
|
|
|
Less |
TAX |
|
(49.246 |
1.543 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(390.511) |
(358.645) |
|
|
|
|
|
|
|
Profit
(loss) of minority interest |
|
(38.786) |
(1.488) |
|
|
|
|
|
|
|
|
|
Total
profit (loss) for period |
|
(429.297) |
(360.133) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
(0.96) |
(0.90) |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Fully convertible debentures others |
1147.010 |
767.987 |
|
Other external commercial borrowings |
1103.044 |
1018.185 |
|
Other loans and advances |
0.000 |
389.023 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances, others |
20.000 |
10.000 |
|
Total |
2270.054 |
2185.195 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10323158 |
90220367 |
ANDHRA BANK |
07/03/2000 |
- |
- |
27400000.0 |
R. P. ROAD BRANCH; 8-1-381R. P. ROADSECUNDERABADAP500003IN |
|
2 |
Y10322933 |
90220142 |
ANDHRA BANK |
26/06/1992 |
25/01/2003 |
- |
10212000.0 |
R. P. ROAD BRANCH; 8-1-381R. P. ROADSECUNDERABADAP500003IN |
|
3 |
Y10324859 |
90222068 |
ANDHRA BANK |
26/06/1992 |
10/04/2004 |
- |
10212000.0 |
R. P. ROAD BRANCH; 8-1-381SECUNDERABADAPIN |
|
4 |
Y10328445 |
90225654 |
ANDHRA BANK |
31/01/1989 |
- |
- |
98000.0 |
R. P. ROAD BRANCH; 8-1-381R. P. ROADSECUNDERABADAP500003IN |
|
5 |
Y10323837 |
90221046 |
ANDHRA BANK |
16/07/1983 |
- |
- |
58000.0 |
R. P. ROAD BRANCH; 8-1-381R. P. ROADSECUNDERABADAP500003IN |
|
6 |
Y10328268 |
90225477 |
ANDHRA BANK |
12/01/1982 |
17/11/1998 |
- |
350000.0 |
R. P. ROAD BRANCH; 8-1-381R. P. ROADSECUNDERABADAP500003IN |
|
7 |
G07424252 |
10020538 |
HDFC BANK LIMITED |
14/09/2006 |
- |
05/07/2016 |
35000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
A85212702 |
90221643 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
28/08/1989 |
26/05/1986 |
11/05/2010 |
2290000.0 |
CHIRAG ALI LANEHYDERABADAP400001IN |
|
9 |
A85210144 |
90220862 |
ANDHRA PRADESH STATE FINACIAL CORPORATION LTD. |
28/08/1980 |
- |
11/05/2010 |
2290000.0 |
CHIRAG ALI LANESECUNDERABADAPIN |
|
10 |
A84135730 |
90221869 |
DEVELOPMENT CO-OP BANK |
28/02/1991 |
- |
07/04/2010 |
171000.0 |
NARIMAN POINT BRANCH6BOMBAYMH400021IN |
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Leasehold improvements
· Computer equipments
Intangible assets
· Goodwill
· Brands and trade marks
· 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 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.