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|
|
MIRA INFORM REPORT
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Report No. : |
511944 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROULUNDS BRAKING INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Suite No.311, Vardhman Diamond Plaza, D.B. Gupta Road, Pahar Ganj, New
Delhi-110055 |
|
Tel. No.: |
91-130-3059060/ 3059125 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.04.1997 |
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|
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Com. Reg. No.: |
55-086779 |
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Capital
Investment / Paid-up Capital : |
INR 49.677
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U25191DL1997PTC086779 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
06AACCR0259F1ZO |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AACCR0259F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Flexible Brake Linings, Brake Pads, Brake Shoes, Brake Discs and Brake Shoe Kits for Passenger Cars and Light Commercial Vehicles. [Registered Activity] |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 7495100 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of MAT HOLDINGS INC., United States It is an established company incorporated in the year 1997 having fine track records. For the financial year ended 2017, revenue and profit of the company has declined. However, the company possesses sound financial profile marked by healthy net worth base along with debt free balance sheet and favorable gap between trade payables to its trade receivables. The company also derives strength from its holding entity and its experienced management team Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitments. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 29.05.2018.
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.
LOCATIONS
|
Registered Office : |
Suite No.311, Vardhman Diamond Plaza, D.B. Gupta Road, Pahar Ganj, New
Delhi-110055, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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Factory : |
Village Livaspur, P.O. Bahalgarh, District Sonepat-131021, Haryana,
India |
|
Tel. No.: |
91-130-3059060/ 3059125 |
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Fax No.: |
91-130-2381193 |
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|
|
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Warehouse : |
Village Rathdhana, P.O. Bahalgarh, District Sonepat-131021, Haryana,
India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Christopher Watson |
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Designation : |
Director |
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Address : |
2514 Saddleridger Road Pulaski 24301 Us |
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Date of Birth/Age : |
10.08.1962 |
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Qualification : |
PHD |
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Date of Appointment : |
26.10.2006 |
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DIN No.: |
01191277 |
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Name : |
George Michael Ruhl |
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Designation : |
Director |
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Address : |
7 Rutgers Court Hawthorn Woods Illinois 60047 Us |
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Date of Birth/Age : |
06.06.1955 |
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Qualification : |
MBA |
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Date of Appointment : |
18.02.2010 |
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DIN No.: |
01418887 |
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Name : |
Craig Lee Gordon |
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Designation : |
Director |
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Address : |
1349, Lea Ln Lake Zurich Illinois 60047 Us |
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Date of Birth/Age : |
20.02.1958 |
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Date of Appointment : |
18.02.2010 |
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DIN No.: |
02927650 |
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|
|||||||||||||||||||
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Name : |
Mr. Vinod Duhoon |
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Designation : |
Director |
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Address : |
4087, Eldeco County Opp. Jurasik Park, Sector-19,
Sonipat-131001, Haryana, India |
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Date of Birth/Age : |
20.11.1969 |
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Qualification : |
CA |
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Date of Appointment : |
09.01.2017 |
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PAN No.: |
ANIPD9001F |
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DIN No.: |
06420161 |
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KEY EXECUTIVES
|
Name : |
Mr. Jitesh Jain |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
807/2, Top Floor, R.R Block, Near Gupta Nursing Home,
Navin Shahadara, Delhi-110032, India |
|
Date of Appointment : |
15.11.2017 |
|
PAN No.: |
AGCPJ9167F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 28.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
MAT Holdings Inc., USA |
4965210 |
99.95 |
|
GRI Engineering and Development, LLC, USA |
2490 |
0.05 |
|
|
|
|
|
Total |
4967700 |
100.00 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Public/Other than promoters - Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Flexible Brake Linings, Brake Pads, Brake Shoes, Brake Discs and Brake Shoe Kits for Passenger Cars and Light Commercial Vehicles. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai-400018, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
MSKA and Associates Chartered Accountants |
|
Address : |
The Palm Spring Plaza, Office No. 1501-08, Sector 54, Golf Course Road, Gurgaon-122001, Haryana, India |
|
PAN No.: |
AACFK3470E |
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|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Holding Company : |
MAT Holdings Inc, United States |
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|
Fellow Subsidiary
Companies : |
· Roulunds Braking Holdings ApS · GRI Engineering and Development LLC · Alliance Friction Technology Private Limited, India [U34300DL2006PTC146923] · Danblock Brakes India Private Limited, India [U51504DL2007PTC166422] · MAT Friction Noyon SAS · Mat India Technologies Private Limited, India [U74140DL2009FTC193291] |
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|
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Other Related Party
: |
Mat Brakes India Private Limited, India [U34300DL2011FTC213212] |
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|
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|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Roulunds Braking France SA · Meneta Advanced Shims Technology A/s · Meneta A/s · Meneta Automotive Components Private Limited, India [U34300DL2006FTC154863] · Honbase Industries Limited · Meneta (Dalian) Co Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4967700 |
Equity Shares |
INR 10/- each |
INR 49.677
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.677 |
49.677 |
49.677 |
|
(b) Reserves and Surplus |
2573.634 |
2352.872 |
1946.368 |
|
(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) |
2623.311 |
2402.549 |
1996.045 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
3.021 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.984 |
11.116 |
9.956 |
|
Total Non-current
Liabilities (3) |
12.984 |
14.137 |
9.956 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
191.165 |
459.879 |
|
(b) Trade
payables |
179.096 |
517.483 |
458.253 |
|
(c) Other current
liabilities |
69.618 |
81.039 |
91.087 |
|
(d) Short-term
provisions |
2.638 |
29.109 |
18.687 |
|
Total Current
Liabilities (4) |
251.352 |
818.796 |
1027.906 |
|
|
|
|
|
|
TOTAL |
2887.647 |
3235.482 |
3033.907 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
861.177 |
879.926 |
887.200 |
|
(ii)
Intangible Assets |
4.072 |
7.124 |
8.976 |
|
(iii) Tangible assets
capital work-in-progress |
5.521 |
18.234 |
50.371 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
258.762 |
260.547 |
262.349 |
|
(c) Deferred tax assets (net) |
8.351 |
0.000 |
2.685 |
|
(d)
Long-term loans and advances |
263.038 |
174.870 |
160.763 |
|
(e) Other
Non-current assets |
7.296 |
8.960 |
10.188 |
|
Total Non-Current
Assets |
1408.217 |
1349.661 |
1382.532 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
765.451 |
1107.920 |
1051.113 |
|
(c) Trade
receivables |
377.775 |
629.958 |
529.016 |
|
(d) Cash and
bank balances |
127.542 |
5.837 |
26.960 |
|
(e)
Short-term loans and advances |
107.626 |
41.071 |
44.286 |
|
(f) Other
current assets |
101.036 |
101.035 |
0.000 |
|
Total
Current Assets |
1479.430 |
1885.821 |
1651.375 |
|
|
|
|
|
|
TOTAL |
2887.647 |
3235.482 |
3033.907 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3091.003 |
4298.371 |
4540.042 |
|
|
Other Income |
294.216 |
306.838 |
15.041 |
|
|
TOTAL |
3385.219 |
4605.209 |
4555.083 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1893.224 |
2733.793 |
2951.719 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
139.996 |
(29.576) |
6.679 |
|
|
Employee benefit expense |
393.871 |
430.089 |
394.663 |
|
|
Other expenses |
519.866 |
695.767 |
680.694 |
|
|
Prior period items |
13.737 |
0.000 |
5.086 |
|
|
TOTAL |
2960.694 |
3830.073 |
4038.841 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
424.525 |
775.136 |
516.242 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.213 |
30.514 |
14.928 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
422.312 |
744.622 |
501.314 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
119.430 |
122.097 |
114.899 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
302.882 |
622.525 |
386.415 |
|
|
|
|
|
|
|
Less |
TAX |
95.942 |
216.022 |
133.592 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
206.940 |
406.503 |
252.823 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
41.66 |
81.83 |
50.89 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
645.844 |
380.773 |
322.612 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
645.844 |
380.773 |
172.622 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
44.61 |
53.49 |
42.53 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.18 |
6.82 |
8.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
34.53 |
69.09 |
56.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.55 |
0.70 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.49 |
0.86 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.09 |
0.25 |
0.34 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.08 |
0.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.10 |
0.34 |
0.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.33 |
0.38 |
0.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
191.83 |
25.40 |
34.58 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.69 |
9.46 |
5.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.17 |
12.56 |
8.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.89 |
16.92 |
12.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
5.89 |
2.30 |
1.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.84 |
0.95 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.91 |
0.74 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
3.85 |
9.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
5.89 |
2.30 |
1.61 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
49.677 |
49.677 |
49.677 |
|
Reserves & Surplus |
1946.368 |
2352.872 |
2573.634 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1996.045 |
2402.549 |
2623.311 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
459.878 |
191.165 |
0.000 |
|
Total
borrowings |
459.878 |
191.165 |
0.000 |
|
Debt/Equity
ratio |
0.230 |
0.080 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4540.042 |
4298.371 |
3091.003 |
|
|
|
(5.323) |
(28.089) |
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 |
4540.042 |
4298.371 |
3091.003 |
|
Profit/ (Loss) |
252.823 |
406.503 |
206.940 |
|
|
5.57
% |
9.46
% |
6.69
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01192558 |
10527254 |
YES BANK LIMITED |
30/09/2014 |
04/03/2016 |
- |
200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIADR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
A73472276 |
10172994 |
ING VYSYA BANK LIMITED |
10/07/2009 |
30/10/2009 |
- |
120000000.0 |
55, GROUND FLOOR, WEST AVENUE ROADPANJABI BAGHNEW DELHIDL110026IN |
|
3 |
C66045832 |
10016604 |
HDFC BANK LIMITED |
09/08/2006 |
08/07/2015 |
- |
382200000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C40855322 |
10250215 |
HDFC BANK LIMITED |
25/10/2010 |
28/05/2011 |
09/01/2015 |
440000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B87578381 |
10297593 |
The Hongkong and Shanghai Banking Corporation Limited |
24/06/2011 |
17/09/2012 |
11/10/2013 |
250000000.0 |
Birla Towers25,Barakhamba Road,New DelhiDL110001IN |
|
6 |
B87576070 |
10297590 |
The Hongkong and Shanghai Banking Corporation Limited |
24/06/2011 |
17/09/2012 |
11/10/2013 |
250000000.0 |
Birla Towers25,Barakhamba Road,New DelhiDL110001IN |
|
7 |
B87577573 |
10297595 |
The Hongkong and Shanghai Banking Corporation Limited |
24/06/2011 |
- |
11/10/2013 |
250000000.0 |
25, Barakhamba RoadNew DelhiDL110001IN |
|
8 |
B65953051 |
90040097 |
HDFC BANK LTD. |
19/05/2005 |
09/08/2006 |
26/12/2012 |
78000000.0 |
9TH FLOOR, ANSAL CLASSIQUE TOWERRAJOURI GARDENNEW DELHIDL110027IN |
|
9 |
B36057834 |
10109899 |
HDFC BANK LIMITED |
23/05/2008 |
- |
15/03/2012 |
65000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
B34557637 |
10177485 |
UCO BANK |
25/09/2009 |
- |
24/01/2012 |
115000000.0 |
MID CORPORATE BRANCH5, PARLIAMENT STREETNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
0.000 |
79.599 |
|
|
|
|
|
Total |
0.000 |
79.599 |
BACKGROUND
Roulunds Braking (India) Private Limited (‘the Company’) was incorporated in India on 21 April 1997.The Company’s business consists of manufacturing of Flexible Brake Linings, Brake Pads, Brake Shoes, Brake Discs and Brake Shoe Kits for Passenger Cars and Light Commercial Vehicles. The Company’s unit situated at Sonepat (Haryana) is an 100% Export Oriented Undertaking in terms of approval given by Noida Special Economic Zone in June 2003.
OPERATIONS:
The Company has earned a profit of INR 206.940 Million for the financial year 2016-17.
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, 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 67.44 |
|
UK Pound |
1 |
INR 89.89 |
|
Euro |
1 |
INR 79.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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.