|
|
|
MIRA INFORM REPORT
|
Report No. : |
512167 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GUNNEBO INDIA PRIVATE LIMITED (w.e.f.17.03.2011) |
|
|
|
|
Formerly Known
As : |
GUNNEBO INDIA LIMITED ALLWYN STEEL EQUIPMENT COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 102, 1st Floor, Akruti SMC, LBS Marg, Khopat,
Thane – 400601, Maharashtra |
|
Tel. No.: |
91-22-67803500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 (Provisional) 31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.09.1932 |
|
|
|
|
Com. Reg. No.: |
11-001874 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 80.599 Million
(As on 31.03.2016) |
|
|
|
|
CIN No.: [Company Identification No.] |
U27106MH1932PTC001874 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACS7236D1ZI |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS7236D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The
company is engaged in providing safety and security solutions. It
manufactures secure storage and firefighting products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject operates as a subsidiary of “Gunebo AB Group, Sweden”. The company was incorporated in the year 1932 and is engaged in providing safety and security solutions. It also manufacturers secure storage and firefighting products. As per the provisional financials for the FY 2017, the financial position of the company is sound and healthy with good profitability, healthy net worth base, comfortable liquidity and zero debt recorded in the books. The rating also reflects company’s strong and established market position along with strong managerial and financial support received from its holding company. Payment seems to be regular and as per commitments. In view of strong financial position and parental support, 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.
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 30.05.2018
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. Sanjay Bhide |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-9820775599 |
|
Date : |
28.05.2018 |
LOCATIONS
|
Registered / Head Office : |
Unit No. 102, 1st Floor, Akruti SMC, LBS Marg, Khopat,
Thane – 400601, Maharashtra, India |
|
Tel. No.: |
91-22-67803500 / 67803543 |
|
Mobile No.: |
91-9444008869 (Mr. Kochumadhavan K.) 91-9820775599 (Mr. Sanjay) |
|
Fax No.: |
91-22-67803535 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7500 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No. 1302 / 1306, GIDC Industrial Estate, District: Panchmahal, Halol – 389350, Gujarat, India |
|
Tel. No.: |
91-26-76222901/ 02 / 03 |
|
Fax No.: |
91-26-76220895 |
|
|
|
|
Branch Offices 1 : |
1st Floor, B-23, Sector-65, Noida 201 301 |
|
|
|
|
Branch Offices 2 : |
Oswal Chambers 2, Church Lane, 3rd Floor, Room No. 306, Kolkata - 700 071, West Bengal, India |
|
|
|
|
Branch Offices 3 : |
No 1, Nathamuni Street OMS Court, 2nd Floor, Off G.N. Chetty Road, T Nagar, Behind Hotel Murugan Idly, Chennai – 600017, Tamilnadu, India |
|
Tel. No.: |
91-44-66145800 / 66145899 |
|
|
|
|
Branch Offices 4: |
Guna Complex, 443, Main Building, 4th Floor, Anna Salai, Teynampet, Chennai - 600 018, Tamilnadu, India |
|
|
|
|
Branch Offices 5: |
A/, Bhoumanagar, Unit-4, Bhubaneswar – 751001, Odisha |
|
|
|
|
Other Branches At. |
Located at :
|
DIRECTORS
As on 2018
|
Name : |
Mr. Sabyasachi Sengupta |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 06, Floor No. 2, Abhay CHS, Plot No.40, Near Blue Diamond
Hotel, Sector 29, Vashi, Mumbai – 400703, Maharashtra,
India |
|
Date of Birth/Age : |
09.08.1964 |
|
Qualification : |
B.Sc., ACA |
|
Date of Appointment : |
06.02.2015 |
|
PAN No.: |
ANFPS3118P |
|
DIN No.: |
02416638 |
|
|
|
|
Name : |
Mr. Dhananjay Sowani |
|
Designation : |
Director |
|
Address : |
2, Marina Boulevard #21-08, The Sail Tower,
1 Singapore 018987 |
|
Date of Birth/Age : |
15.11.1958 |
|
Date of Appointment : |
18.08.2011 |
|
DIN No.: |
00317056 |
|
|
|
|
Name : |
Sacha De La Noe |
|
Designation : |
Director |
|
Address : |
28 Scotts Road #04-01 Scotts 28 Singapore
228223 |
|
Date of Appointment : |
02.02.2015 |
|
DIN No.: |
00646535 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Bhide |
|
Designation : |
DGM Finance |
|
|
|
|
Name : |
Ms. Anita Agrawal |
|
Designation : |
Company Secretary |
|
Address : |
B-302, Gunina CHS, Plot Nos. 2 and 3, Sector – 16A, Sanpada, Navi
Mumbai – 400705, Maharashtra, India |
|
Date of Birth/Age : |
21.04.1976 |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
AIAPA1978R |
|
|
|
|
Name : |
Mr. Nitin Pandurang Patil |
|
Designation : |
Chief Financial Officer |
|
Address : |
603/Building 21 / Vijay Park, Kasarvadavli,
Ghodbunder Road, Thane – 400615, Maharashtra, India |
|
Date of Appointment : |
01.09.2015 |
|
PAN No.: |
AGBPP0077B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Gunnebo AB, Sweden |
|
54961 |
|
Gunnebo Holding ApS |
|
4909 |
|
Gunnebo AB and Gunnebo Holding AB |
|
2 |
|
Gunnebo AB and Hidef Industri AB |
|
2 |
|
Gunnebo AB and Gunnebo Safe Pay AB |
|
2 |
|
Gunnebo AB and Gunnebo Perimetrer Protection AB |
|
2 |
|
Gunnebo AB and Gunnebo Nordic AB |
|
2 |
|
|
|
|
|
Total |
|
59880 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Gunnebo AB, Sweden |
|
8000000 |
|
|
|
|
|
Total |
|
8000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.09.2016
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in providing safety and security solutions. It
manufactures secure storage and firefighting products. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls Finance Centre, Tower 3, 27th – 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
|
Fax No.: |
91-22-61854501 / 4601 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
· Gunnebo AB, Sweden |
|
|
|
|
Fellow Subsidiaries
: |
· Gunnebo Entrance Control Limited · Gunnebo Gateway AB · P.T.Chubb Safes Indonesia · Gunnebo Singapore Pte Limited · Gunnebo Doetinchem B.V. · Gunnebo Entrance Control Inc. · Gunnebo Electronic Security SAS · Gunnebo Malaysia Sendirian Berhad · Gunnebo South Africa (Pty) Limited · Gunnebo Australia Pty Limited · Gunnebo Services India Private Limited · Gunnebo Logistics Gmbh · Gunnebo Security China Co Limited · Gunnebo Bazancourt SAS · Gunnebo Cash Automation GmbH · Gunnebo Cash Automation GmbH · Gunnebo Entrance Control Spa |
CAPITAL STRUCTURE
After 28.09.2017
Authorised Capital : INR 600.000 Million
Issued, Subscribed & Paid-up Capital : INR 0.613 Million
After 20.09.2016
Authorised Capital : INR 600.000 Million
Issued, Subscribed & Paid-up Capital : INR 80.000 Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000 Million |
|
44500000 |
Preference Shares |
INR 10/- each |
INR 445.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 600.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59880 |
Equity Shares |
INR 10/- each |
INR 0.599 Million |
|
8000000 |
Preference Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 80.599
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET - PROVISIONAL
|
A. EQUITY AND LIABILITIES |
|
|
31.03.2017 |
|
|
|
|
|
|
1.
Shareholders’ Funds |
|
|
2222.773 |
|
|
|
|
|
|
2.
Current Liabilities |
|
|
640.362 |
|
|
|
|
|
|
TOTAL |
|
|
2863.135 |
|
|
|
|
|
|
B
ASSETS |
|
|
|
|
|
|
|
|
|
1.
Non-Current Assets |
|
|
543.111 |
|
|
|
|
|
|
2.
Current Assets |
|
|
2320.024 |
|
|
|
|
|
|
TOTAL |
|
|
2863.135 |
PROFIT
& LOSS ACCOUNT - PROVISIONAL
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
|
|
|
|
|
|
TOTAL
REVENUE |
|
|
3453.469 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
|
|
2867.217 |
|
|
|
|
||
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
586.252 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
208.351 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
377.901 |
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 |
80.599 |
80.599 |
80.599 |
|
(b) Reserves & Surplus |
1764.273 |
1402.375 |
897.357 |
|
(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) |
1844.872 |
1482.974 |
977.956 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
417.409 |
404.249 |
414.837 |
|
(c) Other
current liabilities |
79.025 |
61.743 |
43.666 |
|
(d) Short-term
provisions |
149.394 |
166.863 |
620.946 |
|
Total Current
Liabilities (4) |
645.828 |
632.855 |
1079.449 |
|
|
|
|
|
|
TOTAL |
2490.700 |
2115.829 |
2057.405 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
465.391 |
279.699 |
306.232 |
|
(ii)
Intangible Assets |
0.156 |
0.766 |
1.285 |
|
(iii)
Capital work-in-progress |
22.902 |
25.029 |
1.125 |
|
(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) |
46.013 |
69.493 |
47.994 |
|
(d)
Long-term Loan and Advances |
36.847 |
63.565 |
36.418 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
571.309 |
438.552 |
393.054 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
196.918 |
223.363 |
251.890 |
|
(c) Trade
receivables |
659.454 |
593.442 |
455.010 |
|
(d) Cash
and cash equivalents |
1004.649 |
818.662 |
898.557 |
|
(e)
Short-term loans and advances |
47.210 |
34.642 |
52.938 |
|
(f) Other
current assets |
11.160 |
7.168 |
5.956 |
|
Total
Current Assets |
1919.391 |
1677.277 |
1664.351 |
|
|
|
|
|
|
TOTAL |
2490.700 |
2115.829 |
2057.405 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
3147.468 |
3678.955 |
3695.765 |
|
|
|
|
Other Income |
90.259 |
83.893 |
114.911 |
|
|
|
|
TOTAL |
3237.727 |
3762.848 |
3810.676 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
1177.068 |
1505.471 |
1492.265 |
|
|
|
|
Purchase of Stock-in-trade |
321.952 |
292.269 |
185.826 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
18.442 |
(8.756) |
(66.233) |
|
|
|
|
Employee Benefits Expenses |
441.208 |
470.799 |
418.426 |
|
|
|
|
CSR Expenditure |
4.000 |
3.000 |
0.000 |
|
|
|
|
Other Expenses |
665.934 |
708.682 |
880.354 |
|
|
|
|
TOTAL |
2628.604 |
2971.465 |
2910.638 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
609.123 |
791.383 |
900.038 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
5.710 |
9.050 |
7.641 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
603.413 |
782.333 |
892.397 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
51.535 |
46.914 |
44.965 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
551.878 |
735.419 |
847.432 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
189.980 |
230.401 |
264.231 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
361.898 |
505.018 |
583.201 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
1156.706 |
651.688 |
68.487 |
||
|
|
|
|
|
|
||
|
|
Balance
Carried to the B/S |
1518.604 |
1156.706 |
651.688 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export of goods calculated on
FOB basis |
3.914 |
6.030 |
2.923 |
|
|
|
|
Royalty, know-how, professional & consultation fees |
0.000 |
0.000 |
0.346 |
|
|
|
|
Commission Income |
5.413 |
2.375 |
3.306 |
|
|
|
TOTAL EARNINGS |
9.327 |
8.405 |
6.575 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
264.397 |
290.740 |
337.117 |
|
|
|
|
Components and Stores parts |
94.221 |
143.512 |
97.717 |
|
|
|
|
Capital Goods |
95.580 |
0.000 |
11.585 |
|
|
|
TOTAL IMPORTS |
454.198 |
434.252 |
446.419 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (INR) |
44.90 |
62.66 |
72.36 |
||
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 |
|
Cash generated from operations |
466.638 |
644.699 |
556.937 |
|
Net cash flows from (used in) operating activities |
299.041 |
393.470 |
273.396 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
76.47 |
58.88 |
44.94 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.77 |
6.20 |
8.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
101.64 |
82.08 |
90.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
3.09 |
3.54 |
3.57 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.25 |
2.59 |
2.92 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.26 |
0.30 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.35 |
0.43 |
1.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.26 |
0.21 |
0.32 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
106.68 |
87.45 |
117.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
11.50 |
13.73 |
15.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.53 |
23.87 |
28.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.62 |
34.05 |
59.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.97 |
2.65 |
1.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.67 |
2.30 |
1.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.74 |
0.70 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.97 |
2.65 |
1.54 |
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 |
80.599 |
80.599 |
80.599 |
|
Reserves & Surplus |
897.357 |
1402.375 |
1764.273 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
977.956 |
1482.974 |
1844.872 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3695.765 |
3678.955 |
3147.468 |
|
|
|
(0.455) |
(14.447) |
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
|
3695.765 |
3678.955 |
3147.468 |
|
Profit |
583.201 |
505.018 |
361.898 |
|
|
15.78% |
13.73% |
11.50% |
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 |
CORPORATE INFORMATION
The company is a wholly owned subsidiary of Gunnebo AB, Sweden. The company is engaged in providing safety and security solutions. It manufactures secure storage and firefighting products from its manufacturing unit in Halol. Whenever required products are procured from other sources to meet market needs. The company has an active after sales service network which caters to various service needs in the security domain where Gunnebo is active.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B08809402 |
90111896 |
INDIAN OVERSEAS BANK |
12/01/1979 |
15/04/1983 |
03/03/2011 |
693000.0 |
KALUPUR CIRCLE BRANCH, KALUPUR, AHMEDABAD, GUJARAT, INDIA |
|
2 |
A14028088 |
80027809 |
CENTRAL BANK OF INDIA |
12/08/1997 |
13/10/1999 |
25/04/2007 |
217500000.0 |
MUMBAI MAIN OFFICE, M.G. ROAD, FORT, MUMBAI – 400023, MAHARASHTRA, INDIA |
|
3 |
A14028203 |
80027812 |
CENTRAL BANK OF INDIA |
19/03/1996 |
- |
25/04/2007 |
39300000.0 |
DOCUMENTATION CELL LST FLOOR BOMBAY MAIN OFFICE, M.G. ROAD, FORT, MUMBAI – 400023, MAHARASHTRA, INDIA |
FIXED ASSETS
·
Land Freehold
·
Land – Leasehold
·
Leasehold Improvement
·
Electrical Installations
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 91.21 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.