%20LIMITED%2030-Nov-2007_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHREE HANUMAN POLY VINYLES (PRIVATE) LIMITED |
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Registered Office : |
10795, 2ND Floor, Rexine Bazaar, Jhandewalan Road, New
Delhi – 110055, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
27.07.2005 |
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Com. Reg. No.: |
139116 |
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CIN No.: [Company
Identification No.] |
U25209DL2005PTC139116 |
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IEC No.: |
0506061833 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS29917G |
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PAN No.: [Permanent
Account No.] |
AAJCS5540B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of PVC Household Products like PVC Table Covers, PVC
Shower Curtains, PVC Packing Bags etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
USD 8000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in it’s field. It’s trade relations are
fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
10795, 2ND Floor, Rexine Bazaar, Jhandewalan Road, New
Delhi – 110055, Delhi, India |
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Tel. No.: |
91-11-23518754/23518756 |
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Mobile No.: |
91-9810010054/9810810054 |
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Fax No.: |
91-11-23670054/23624554 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Owned |
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Factory : |
42/43 Sunita Vihar Extn. Ram Gali, Mumbai, Delhi |
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Area : |
2000 sq. mtr. |
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Location : |
Owned |
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DIRECTORS
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Name : |
Mr. Naresh Poddar |
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Designation : |
Managing Director |
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Date of Birth/Age : |
28 years |
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Qualification : |
Graduate |
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Experience : |
6 years |
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Name : |
Mrs. Meenu Poddar |
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Designation : |
Director |
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Date of Birth/Age : |
26 years |
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Qualification : |
Graduate |
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Experience : |
4 years |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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Percentage of
Holding |
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Mr. Naresh Poddar |
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50% |
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Mrs. Meenu Poddar |
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50% |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer of PVC Household Products like PVC Table Covers, PVC
Shower Curtains, PVC Packing Bags etc. |
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Products : |
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Brand Names : |
Dekolace |
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Imports : |
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Products : |
See above |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
Capacity to increase production by:
35%
GENERAL
INFORMATION
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Suppliers : |
Own manufacturing (Purchase of raw material from open market) |
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Customers : |
Refuse to give |
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No. of Employees : |
10 |
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Bankers : |
The Bank of Rajasthan Limited, Sarai Pepal Thala, Adarsh Nagar, New
Delhi - 110033 |
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Facilities : |
Rs.3.000 Millions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
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Address: |
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Name: |
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Address: |
10795, 2ND Floor, Rexine Bazaar, Jhandewalan Road, New
Delhi – 110055, Delhi, India |
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Activity: |
Trading of PVC Household products like PVC table covers, PVC shower
curtains, PVC packing bags, etc. |
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STO: |
Rs.40.000 Millions |
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Tel No.: |
91-11-23518754/23518756 |
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Name: |
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Address: |
16, India Exchange Place, Kolkata, West Bengal, India |
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Activity: |
Trading of PVC Household products like PVC table covers, PVC shower
curtains, PVC packing bags, etc. |
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CIN: |
U72900WB2001PTC093055 |
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Registration No.: |
093055 |
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Authorised Capital: |
Rs.0.500 Million |
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Paid Up Capital: |
Rs.0.200 Million |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.926 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.133 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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2.059 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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2.059 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.114 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.000 |
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Other Current Assets |
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15.954 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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15.954 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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8.187 |
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Provisions |
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0.000 |
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Other Liabilities |
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8.839 |
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Total
Current Liabilities |
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17.026 |
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Net Current Assets |
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(1.072) |
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MISCELLANEOUS EXPENSES |
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0.000 |
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Pre-Operative Expenses |
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0.017 |
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TOTAL |
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2.059 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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22.721 |
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Other Income |
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0.322 |
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Total Income |
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23.043 |
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Profit/(Loss) Before Tax |
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0.134 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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0.134 |
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Expenditures : |
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Expenses(Direct/Mfg.) |
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0.340 |
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Expenses(Indirect/Admn.) |
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1.381 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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0.59 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.59 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.71 |
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Return on Investment (ROI) (PBT/Networth) |
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0.07 |
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Debt Equity Ratio (Total Liability/Networth) |
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8.34 |
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Current Ratio (Current Asset/Current Liability) |
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0.94 |
LOCAL AGENCY
FURTHER INFORMATION
Website
details:
They are one of the leading manufacturers and exporters
engaged in the manufacturing and supplying of all types of PVC Household Products like PVC Table Covers,
PVC Shower Curtains, PVC Packing Bags, etc. Since 1997, they are
well established in the Indian and overseas markets by providing the best
quality of PVC products. With a team of experts having vast experience, their
company is manufacturing and supplying quality products. As a fast developing
company, their productivity growth has been remarkable. To ensure zero-defect
output, they check each and every piece being manufactured at their production
belt, before delivering it to the market.
They have a well spread dealer-distributor network and their products are
established in domestic as well as overseas markets under the brand name of "Dekolace". Their customers
thus, have a convenient and prompt access to their products and services.
Specialty of PVC Products
An extremely tough, easy to clean and water repellent material, PVC has gained
wide acceptance in the domestic as well as commercial outlets all across the
globe. PVC protects the underlying furniture or products, can be cleaned with
simply spray cleaners and is a preferred choice for all kinds of dirty or
greasy applications. Apart from the utilitarian aspect, PVC goods are equally
recognized for their aesthetic appeal. Available in a wide range of dimensions
and hues, they compliment all types of decor and are as suitable for indoor
applications as for outdoor uses.
Quality
They are a quality driven organization and adhere to approved procedures and
norms throughout their manufacturing process to maintain superior quality. A
strong team of highly qualified and experienced engineers supervises the entire
operation that invalidates every possibility of quality degradation. Their
research professionals work indefatigably to innovate latest solutions as per
the emerging requirement of the client. All the outgoing items are properly
inspected by their quality inspectors that ensures the movement of only the
best products to the market.
Strength
An advanced manufacturing setup, a dynamic team of qualified professionals and
a capacious storage facility are the solid pillars that strengthen them in
fulfilling all their business objectives. They employ latest-in-the-world
technology and standards in their process that facilitates smooth and efficient
production from every stage. The company has a facility to design, develop and
execute the tooling in-house, which minimizes the tooling cycle time. The
following are the salient features of their infrastructure:
- Right
combination of personnel, machines--the total operating system
- Production
unit installed with the latest modern technology and facilities
- Upgradation
of machinery with the latest techniques
- Team of
experts to monitor the manufacturing process
- Adherence to
the industrial norms and international quality standards.
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 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
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Indian Rupees |
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US Dollar |
1 |
Rs.39.77 |
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UK Pound |
1 |
Rs.82.45 |
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Euro |
1 |
Rs.58.94 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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37 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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