MIRA
INFORM REPORT
|
Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
HCA GARMENT MACHINERY PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
HCA MACHINERIES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
A-94/1, Okhla Industrial Area, Phase – II, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
28.12.1998 |
|
|
|
|
Com. Reg. No.: |
55-97658 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909DL1998PTC097658 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELH02658F |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Trading in all
kind of garment machineries. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well
– established trading company having satisfactory track. Their trade relations
are fair. General financial position is satisfactory. Payments are reported
as slow but correct. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
A-94/1, Okhla Industrial Area, Phase – II, |
|
Tel. No.: |
91-11-26385794/26934246/26383811 |
|
Fax No.: |
91-11-2693 4245/26383802 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branches: |
877, Nai Sarak, Phone : 91-11-23282624/2528/4860 Fax : 91-11-23286116 E-mail : amish@grouphca.com IA, L.G. Floor, Opp. Bahadur House, Phone : 91-161-2748043 Fax : 91-161-2750048 E-mail : hcaldh@grouphca.com 327, 2nd Cross, RMV, 2nd Stage, 2nd Block Phone no. : 91-80-30612890 Fax : 91-80-3510113 E-mail : hcablr@vsnl.net,
hcablr@grouphca.com 73, M.P. Nagar, Kongu Nagar Extn., Opp. Tirupur Exporters Association, Tirupur - 641 607 Phone no. : 91-421-831580 Fax : 91-421-2225217 E-mail : hcatpr@grouphca.com No.26(Old No.20/1), 6th Attn: Mr. A. Murugan Mob: 91-9380176156 E-mail : hcache@grouphca.com
Apparel Sewing Machines Unit No. 2, 1st Floor, Shanta Bai Compound Opp. Ruby Coach, Gate No. 2, Chimatpada Phone no. : 91-22-28505252 Fax : 91-22-28522277 E-mail : info@asmindia.com |
DIRECTORS
|
Name : |
Mr. Anil Anand |
|
Designation : |
Managing Director |
|
Address : |
K-18, |
|
Date of Birth/Age : |
15.07.1952 |
|
Date of Appointment : |
28.12.1998 |
|
|
|
|
Name : |
Mrs. Geeta Anand |
|
Designation : |
Director |
|
Address : |
K-18, |
|
Date of Birth/Age : |
16.08.1960 |
|
Date of Appointment : |
28.12.1998 |
|
|
|
|
Name : |
Mrs. Megha Anand |
|
Designation : |
Director |
|
Address : |
K-18, |
|
Date of Birth/Age: |
29.08.1982 |
|
Date of Appointment : |
10.04.2002 |
KEY EXECUTIVES
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Anil Anand |
|
100 |
|
Mrs. Geeta Anand |
|
6100 |
|
Mrs. Megha Anand |
|
4000 |
|
Category |
|
Percentage
of Holding |
|
Directors or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in all
kind of garment machineries. |
|
|
|
|
Imports : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Commission terms |
|
|
|
|
Purchasing : |
Commission terms |
GENERAL INFORMATION
|
Suppliers : |
v
All
Time Services v
A
Quick Enterprises v
Contact
Communication v
v
Hari
Chand Anand & Company v
Garmentech
Export Private Limited v
Seagal
Apparels v
K B
International v
Noble
Embroidery v
Payal
Protection v
Paul
Air TPT Private Limited v
Preeti
Products v
The
Stitch Time v
Anamika
Embroidery v
Areshi
Creation v
Gupta
Enterprises |
|
|
|
|
Customers : |
v
Allied
Export v
Amazone
Export v
Adi
Gear Industries v
Amrit
Exports v
Chose
Clothing v
Creative
Garment v
CTA
Apparels v
Gaba
Textiles v
Global
Partner v
Ishman
International v
M M
Exports v
Noble
Emb. v
Parko
Overseas v
Pearl
Style v
RBG
Export v
Sonal
Garment v
Sai
Creation v
Savita
Apparels v
Sishko
Textiles v
Time
Apparels v
VSA
Enterprises v
Gokaldas
Exports v
Gokaldas
Images v
Modelama
Exports v
Orient
Craft Limited v
Orient
Clothing v
v
Richa
and Company v
Shahi
Export House v
Silver
Spark (Raymonds) v
TCNS v
Texport
Fashion v
Boutique
International v
Chauhan
Exports v
Creative
Home Fashion v
Gaurav
International v
|
|
|
|
|
No. of Employees : |
15 |
|
|
|
|
Bankers : |
v
HDFC
Bank v
ICICI
Bank v
Bank
of |
|
|
|
|
Facilities : |
Secured Loan HDFC Bank Car
Loan – Rs. 0.013 million ICICI Bank Car
Loan – Rs. 0.279 million Total
– Rs. 0.293 Million |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
SMR and
Associates Chartered
Accountant |
|
Address : |
201, Aman
Chambers, 47/22, Old Rajinder Nagar, |
|
Tel. No.: |
91-11-25757618/25747946 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10.00
each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10200 |
Equity Shares |
Rs.10/-
each |
Rs. 0.102 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.102 |
0.102 |
0.102 |
|
|
2] Share Application Money |
0.180 |
0.180 |
0.180 |
|
|
3] Reserves & Surplus |
1.186 |
1.249 |
0.950 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.468 |
1.531 |
1.232 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.473 |
1.385 |
0.293 |
|
|
2] Unsecured Loans |
0.305 |
0.305 |
0.291 |
|
|
TOTAL BORROWING |
1.778 |
1.690 |
0.584 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.246 |
3.221 |
1.816 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.235 |
2.928 |
1.373 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.100
|
0.004 |
0.055 |
|
|
Cash & Bank Balances |
0.093
|
0.228 |
0.404 |
|
|
Other Current Assets |
0.202
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.521
|
2.479 |
8.815 |
|
Total
Current Assets |
2.916
|
2.711 |
9.274 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
3.291
|
2.242 |
8.460 |
|
|
Provisions |
0.614
|
0.176 |
0.371 |
|
Total
Current Liabilities |
3.905
|
2.418 |
8.831 |
|
|
Net Current Assets |
(0.989)
|
0.293 |
0.443 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.246 |
3.221 |
1.816 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Sales Turnover [Including other income] |
12.102 |
NA |
6.600 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
0.473 |
NA |
0.207 |
|
Provision for Taxation |
0.386 |
NA |
0.000 |
|
Profit/(Loss) After Tax |
0.087 |
NA |
0.207 |
|
|
|
|
|
|
Total Expenditure |
11.629 |
NA |
6.392 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
0.72
|
NA |
3.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.91
|
NA |
3.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.61
|
NA |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
NA |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.87
|
2.68 |
7.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
1.12 |
1.05 |
LOCAL AGENCY FURTHER INFORMATION
Fixed
Assets
v
Computer
v
Printer
v
CVT
v
Stabilizers
v
Generators
v
Car
v
Scooter
v
Motor
Cycle
v
Pager
v
Water
Filter
v
Pump
Set
v
Furniture
& Fixture
v
Air
Condition
v
Transformation
v
UPS
v
Fax
Machines
v
Water
Cooler
Website details attached:
The year was 1910. The place was
Today his dream is a reality. Subject is one
of the largest establishments in the field of sewing machines, accessories and
spares in
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 41.12 |
|
|
1 |
Rs. 82.43 |
|
Euro |
1 |
Rs. 56.03 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|