|
|
|
MIRA INFORM REPORT
|
Report No. : |
511486 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
EMMBROS AUTOCOMP LIMITED |
|
|
|
|
Registered
Office : |
Village Katha, Badditehsil, Nalagarh, Solan – 173205,
Himachal Pradesh |
|
Mobile No.: |
91-9815739999 (Mr. Pulkit Mehta) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.01.1991 |
|
|
|
|
Com. Reg. No.: |
06- 011005 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 27.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300HP1991PLC011005 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAAA9999A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in the business of manufacturing of auto components such as axels,
gears, shafts, etc. [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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 930000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1991. It is a manufacturer of auto
components such as axels, gears, shafts, etc. For the financial year 2017, the company has achieved revenue growth
of 18.05% as compared to the previous year along with a decent profit margin
of 8.04%. The sound financial profile of the company is marked by sufficient net
worth base along with a low debt balance sheet profile. Rating takes into account the subjects long established track record
of business operations along with extensive experience of its promoters. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term borrowing (Issuer not
cooperative): BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
31.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term borrowing (Issuer not
cooperative): A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
31.01.2018 |
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 26.05.2018
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. Pulkit Mehta |
|
Designation : |
Wholetime Director |
|
Contact No.: |
91-9815739999 |
|
|
|
|
Name : |
Mr. Sanjay |
|
Designation : |
Finance Department |
|
Contact No.: |
91-172-3060000 |
|
|
|
|
Date : |
25.05.2018 |
LOCATIONS
|
Registered Office / Work: |
Village Katha Badditehsil Nalagarh, Solan – 173205,
Himachal Pradesh, India |
|
Tel. No.: |
91-1795-308200/308213–15. |
|
Mobile No.: |
91-9815739999 (Mr. Pulkit Mehta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
SCO 27, First Floor Mansa Devi Complex Area, Swastik Vihar, Sector 5,
Panchkula, Haryana, India |
|
Tel. No.: |
91-172-3060000-04 |
|
Fax No.: |
91-172-5048033 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Harish Mehta |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
T.D. Mahta, # 62 Sector-6, Panchkula- 134109, Haryana,
India |
||||||||||||
|
Date of Birth/Age : |
01.07.1956 |
||||||||||||
|
Qualification: |
M Tech |
||||||||||||
|
Date of Appointment : |
12.04.2016 |
||||||||||||
|
DIN No.: |
00058211 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Pulkit Mehta |
||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||
|
Address : |
House No. 62, Sector-6, Panchkula- 134109, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
27.10.1989 |
||||||||||||
|
Qualification: |
MBA |
||||||||||||
|
Date of Appointment : |
12.04.2016 |
||||||||||||
|
DIN No.: |
07143166 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Parveen Kapoor |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
House 516, Sector 32-A, Chandigarh -160032, India |
||||||||||||
|
Date of Birth/Age : |
14.09.1966 |
||||||||||||
|
Qualification: |
CA |
||||||||||||
|
Date of Appointment : |
04.08.2006 |
||||||||||||
|
DIN No.: |
00598695 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sanjay |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Harish Mehta |
|
452705 |
|
Aradhana Mehta |
|
2283124 |
|
Jiwan Mehta |
|
14167 |
|
Rajesh Kapoor |
|
1 |
|
Pulkit Mehta |
|
1 |
|
Rajeev Sood |
|
1 |
|
Malvika Kapoor |
|
1 |
|
Total |
|
2750000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the business of manufacturing of auto components such as axels,
gears, shafts, etc. [Registered
Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Vinod Kumar and Associates Chartered Accountants |
|
Address : |
SCO-705, Ist Floor NAC Manimajra, Chandigarh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV0820A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000 |
Equity Shares |
INR 10/- each |
INR 27.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
27.500 |
27.500 |
27.500 |
|
(b) Reserves &
Surplus |
298.287 |
269.638 |
243.254 |
|
(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) |
325.787 |
297.138 |
270.754 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
110.395 |
57.572 |
28.230 |
|
(b) Deferred tax liabilities
(Net) |
22.300 |
16.400 |
8.557 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
132.695 |
73.972 |
36.787 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
17.113 |
18.948 |
-2.434 |
|
(b) Trade payables |
64.164 |
40.105 |
37.297 |
|
(c) Other current
liabilities |
57.076 |
25.197 |
24.768 |
|
(d) Short-term provisions |
9.727 |
8.782 |
11.544 |
|
Total Current Liabilities
(4) |
148.080 |
93.032 |
71.175 |
|
|
|
|
|
|
TOTAL |
606.562 |
464.142 |
378.716 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
316.222 |
187.570 |
148.634 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
2.368 |
|
(iii) Capital
work-in-progress |
18.566 |
40.776 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.737 |
1.655 |
1.565 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
336.525 |
230.001 |
152.567 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
24.582 |
0.000 |
5.021 |
|
(b) Inventories |
81.293 |
69.262 |
63.684 |
|
(c) Trade receivables |
107.109 |
99.256 |
101.496 |
|
(d) Cash and cash
equivalents |
2.718 |
20.745 |
2.342 |
|
(e) Short-term loans and
advances |
54.335 |
44.878 |
53.606 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
270.037 |
234.141 |
226.149 |
|
|
|
|
|
|
TOTAL |
606.562 |
464.142 |
378.716 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
376.731 |
319.117 |
376.080 |
|
|
Other Income |
14.602 |
12.081 |
13.592 |
|
|
TOTAL |
391.333 |
331.198 |
389.672 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
135.976 |
109.031 |
156.056 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.464 |
5.188 |
(8.370) |
|
|
Employees benefits
expense |
63.363 |
50.714 |
47.592 |
|
|
CSR
expenditure |
0.080 |
0.050 |
0.000 |
|
|
Other expenses |
118.467 |
98.561 |
110.622 |
|
|
TOTAL |
320.350 |
263.544 |
305.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
70.983 |
67.654 |
83.772 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.298 |
6.149 |
6.884 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
62.685 |
61.505 |
76.888 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.775 |
18.43 |
19.188 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
45.910 |
43.075 |
57.700 |
|
|
|
|
|
|
|
Less |
TAX |
15.628 |
16.625 |
11.075 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
30.282 |
26.450 |
46.625 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
209.801 |
240.533 |
277.761 |
|
|
TOTAL EARNINGS |
209.801 |
240.533 |
277.761 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.863 |
0.407 |
0.519 |
|
|
Capital Goods |
21.333 |
8.093 |
0.000 |
|
|
TOTAL IMPORTS |
22.196 |
8.500 |
0.519 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.01 |
9.62 |
16.95 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
36.822 |
10.943 |
7.884 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
68.449 |
72.504 |
42.607 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
60.589 |
60.864 |
26.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
103.77 |
113.53 |
98.51 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.52 |
3.22 |
3.71 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
172.24 |
134.26 |
87.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.87 |
0.98 |
1.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.30 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.35 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.50 |
0.29 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.45 |
0.31 |
0.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.03 |
0.77 |
0.56 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.55 |
11.00 |
12.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.04 |
8.29 |
12.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.99 |
5.70 |
12.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.30 |
8.90 |
17.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.82 |
2.52 |
3.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.27 |
1.77 |
2.28 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.54 |
0.64 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.98 |
3.18 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.82 |
2.52 |
3.18 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
27.500 |
27.500 |
27.500 |
|
Reserves & Surplus |
243.254 |
269.638 |
298.287 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
270.754 |
297.138 |
325.787 |
|
|
|
|
|
|
Long Term borrowings |
28.230 |
57.572 |
110.395 |
|
Short Term borrowings |
(2.434) |
18.948 |
17.113 |
|
Current Maturities of Long term debt |
7.884 |
10.943 |
36.822 |
|
Total
borrowings |
33.680 |
87.463 |
164.330 |
|
Debt/Equity
ratio |
0.124 |
0.294 |
0.504 |
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
|
376.080 |
319.117 |
376.731 |
|
|
|
(15.147) |
18.054 |
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
|
376.080 |
319.117 |
376.731 |
|
Profit |
46.625 |
26.450 |
30.282 |
|
|
12.40% |
8.29% |
8.04% |
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 |
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 |
REVIEW OF BUSINESS ACTIVITIES
The company is engaged in the business of manufacturing of auto components such as axels, gears, shafts, etc. During the year company had a revenue of INR 391.300 Million which is 18.16% higher as compare to last year revenue. Consequent to the high sales the profit of the company has also increased from 26.450 Million last year to INR 30.282 Million in the current financial year.
DEMERGER
During the financial year 2014, the Company had completed the demerger of its undertaking i.e. Unit III to Emmbros Automotives Private Limited Resulting Company after the approval of scheme of demerger by Hon'ble Himachal High Court and Punjab and Haryana Court. The orders of the Hon'ble High Court were duly registered with the office of Registrar of Companies and scheme of demerger was implemented in full.
Consequent to the demerger of the Unit III of the Company in terms of the Scheme, the financial statements of the Company for the year ended March 31, 2017, do not include the operations of the unit III, but title of some assets are still under process of transfer to Resulting Company.
Subsequently, Mr. Jiwan Mehta (a shareholder) challenged the order of demerger with Punjab and Haryana High Court and Hon'ble Punjab and Haryana High Court recalled its order of sanction of the Scheme of Demerger and referred back the matter to National Company Law Tribunal. Emmbros Automotive Private Limited (Resulting Company) has filed an appeal with the division bench against the recalling order of Punjab and Haryana Court, The Division bench has ordered a stay on the matter with NCLT till the further hearing.
CONTINGENT
LIABILITIES: (AS ON 31.03.2017)
The Company has contingent liability on 31.03.2017, on account of export obligation of INR 60.200 Million (Previous Years-36.700 Million) which is to be fulfilled in succeeding years by sale under EPCG License. Upto 31.03.2017 company has purchased plant and Machinery under EPCG License which created export obligation of INR 93.900 Million (Previous Years-68.200 Million) and upto 31.03.2017 the company has fulfilled export obligation of INR 33.700 Million (Previous Year’s 31.600 Million) by sale under EPCG License.
The Company had opened an LC of SGD 83200 equivalent to INR 3.970 Million for making payment of machinery and outstanding as on 31.03.2017.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances, others |
0.115 |
0.115 |
|
Total |
0.115 |
0.115 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G41943978 |
100092400 |
HDFC BANK LIMITED |
24/11/2016 |
- |
- |
1300000.0 |
HOUSE SENAPATI BAPAT
MARGLOWER PAREL (W)MUMBAIMH400013IN |
|
2 |
C80011505 |
10622156 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
02/02/2016 |
- |
- |
142000000.0 |
SCO 145-146, FIRST
& SECOND FLOORSECTOR 17-CCHANDIGARHCH160017IN |
|
3 |
Y10272575 |
90170676 |
STATE BANK OF
INDIA |
20/09/1994 |
19/01/1996 |
- |
4200000.0 |
PARWNOOPARWNOOPBIN |
|
4 |
Y10272572 |
90170673 |
STATE BANK OF
INDIA |
15/09/1994 |
08/02/2003 |
- |
270000.0 |
PARWANOOPARWANOOPBIN |
|
5 |
G04655262 |
90171816 |
STATE BANK OF
INDIA |
15/09/1994 |
25/04/2016 |
- |
103200000.0 |
SME BRANCHSECTOR
17-BCHANDIGARHCH160017IN |
|
6 |
Y10272547 |
90170648 |
STATE BANK OF
INDIA |
15/04/1994 |
23/11/2001 |
- |
2700000.0 |
PARWANOOPARWANOOPBIN |
|
7 |
Y10273683 |
90171784 |
STATE BANK OF
INDIA |
07/05/1993 |
- |
- |
200000.0 |
PARWNOOPARWNOOPBIN |
|
8 |
Y10272494 |
90170595 |
STATE BANK OF
INDIA |
05/02/1993 |
- |
- |
900000.0 |
PARWANOOPARWANOOPBIN |
|
9 |
Y10273111 |
90171212 |
MS SUNDARAM AUIO
FINANCE |
28/05/2002 |
- |
24/04/2006 |
474136.0 |
PATUIIOS
ROADCHENNAITN600002IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.