MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
Note : Given address could not be confirm.
IDENTIFICATION DETAILS
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Name : |
HIMA MARKETING PRIVATE LIMITED |
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Registered
Office : |
8-4-376/8, New Saasthry Nagar, Erragadda, Hyderabad-500018, Andhra
Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
09.12.1994 |
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Com. Reg. No.: |
01-018931 |
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CIN No.: [Company Identification
No.] |
U51109AP1994PTC018931 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDH01059C |
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PAN No.: [Permanent Account No.] |
AAACH4919G |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Dealer of Computer Hardware, Computer Services and Repairs. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 15000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
8-4-376/8, New Saastry Nagar, Erragadda, Hyderabad-500018, Andhra
Pradesh, India |
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E-Mail : |
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Website : |
DIRECTORS
As On : 30.09.2010
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Name : |
Mr. G. Chanrasekar Rao |
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Designation : |
Managing Director |
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Address : |
8-4-376/8, New Saastry Nagar, Beside Meter Factory, Hyderabad-500018,
Andhra Pradesh, India |
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Date of Birth/Age : |
25.05.1957 |
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Date of Appointment : |
20.12.1994 |
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DIN No : |
00902968 |
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Name : |
Mr. G. V. Seshaiah |
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Designation : |
Director |
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Address : |
8-4-376/8, New Saastry Nagar, Beside Meter Factory, Hyderabad-500018,
Andhra Pradesh, India |
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Date of Birth/Age : |
01.06.1935 |
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Date of Appointment : |
09.12.1994 |
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DIN No : |
03207137 |
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Name : |
Mr. M Madhavan |
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Designation : |
Director |
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Address : |
Flat No.5-9 1165, Flat No.204, Pearl Palace, Gounfoundry,
Hyderabad-500029, Andhra Pradesh, India |
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Date of Birth/Age : |
16.09.1961 |
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Date of Appointment : |
26.08.2002 |
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DIN No : |
03203142 |
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Name : |
Mr. Y. Gopinath |
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Designation : |
Director |
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Address : |
Flat No.102, 7-1-55/1, Laxmi Residency, Ameerpet, Hyderabad-500016,
Andhra Pradesh, India |
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Date of Birth/Age : |
18.10.1957 |
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Date of Appointment : |
26.08.2002 |
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DIN No : |
03184377 |
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Name : |
Mr. Paravastu Sundaram Puushparaj |
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Designation : |
Director |
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Address : |
1307, 13th Main Road, Anna Nagar West, Chennai-600040,
Tamil Nadu, India |
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Date of Birth/Age : |
02.01.1959 |
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Date of Appointment : |
02.04.2004 |
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DIN No : |
01003903 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Mr. G. Chanrasekar Rao |
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30005 |
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Mr. G. V. Seshaiah |
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05 |
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Mr. M Madhavan |
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30000 |
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Mr. Y. Gopinath |
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29990 |
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Total
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90000 |
AS ON 30.09.2010
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
|
100.00 |
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Total
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer of Computer Hardware, Computer Services and Repairs. |
GENERAL INFORMATION
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Bankers : |
Andhra Bank, Divya Shakti Apartments, Ameerpet, Hyderabad-500016,
Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Venkat Malli and Associates Chartered Accountant |
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Address : |
1-509, Divya Apartment, 7-1-58, Ameerpet, Hyderabad-500016, Andhra
Pradesh, India |
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Associates/Subsidiaries : |
Hima Ecology Associates. |
CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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90000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.900 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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90000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.900
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.900 |
0.900 |
0.900 |
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2] Share Application Money |
0.108 |
0.108 |
0.108 |
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3] Reserves & Surplus |
2.952 |
2.701 |
1.872 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.960 |
3.709 |
2.880 |
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LOAN FUNDS |
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1] Secured Loans |
2.613 |
1.142 |
0.000 |
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2] Unsecured Loans |
4.486 |
3.939 |
5.114 |
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TOTAL BORROWING |
7.099 |
5.081 |
5.114 |
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DEFERRED TAX LIABILITIES |
0.089 |
0.043 |
0.031 |
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TOTAL |
11.148 |
8.833 |
8.025 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.353 |
0.998 |
0.909 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
3.296
|
4.336 |
3.396 |
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Sundry Debtors |
10.163
|
7.395 |
3.613 |
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Cash & Bank Balances |
0.071
|
0.020 |
0.117 |
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Other Current Assets |
1.297
|
1.264 |
3.083 |
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Loans & Advances |
0.505
|
0.590 |
0.659 |
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Total
Current Assets |
15.332
|
13.605 |
10.868 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
4.096
|
5.601 |
3.305 |
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Provisions |
1.441
|
0.169 |
0.447 |
|
Total
Current Liabilities |
5.537
|
5.770 |
3.752 |
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Net Current Assets |
9.795
|
7.835 |
7.116 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
11.148 |
8.833 |
8.025 |
|
PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
62.386 |
61.184 |
44.429 |
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Other Income |
1.386 |
0.433 |
1.168 |
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TOTAL (A) |
63.772 |
61.617 |
45.597 |
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Less |
EXPENSES |
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Cost of Materials |
45.950 |
43.408 |
30.046 |
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Labour Charges |
2.662 |
0.640 |
0.000 |
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Employees Remuneration |
2.380 |
2.938 |
2.494 |
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Travelling Expenses |
2.447 |
4.119 |
3.900 |
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Director Remuneration |
1.800 |
2.462 |
1.800 |
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Other Expenses |
5.339 |
5.363 |
5.460 |
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TOTAL (B) |
60.578 |
58.930 |
43.700 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.194 |
2.687 |
1.897 |
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Less |
FINANCIAL
EXPENSES (D) |
0.991 |
0.890 |
0.594 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.203 |
1.797 |
1.303 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.315 |
0.264 |
0.213 |
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PROFIT BEFORE
TAX (E-F) (G) |
1.888 |
1.533 |
1.090 |
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Less |
TAX (H) |
0.584 |
0.704 |
0.543 |
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PROFIT AFTER TAX
(G-H) (I) |
1.304 |
0.829 |
0.547 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.701 |
1.872 |
1.325 |
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Less |
APPROPRIATIONS |
|
|
|
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|
Transfer to General Reserve |
0.150 |
0.000 |
0.000 |
|
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Dividend |
0.900 |
0.000 |
0.000 |
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Tax on Dividend |
0.153 |
0.000 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
2.802 |
2.701 |
1.872 |
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|
EARING PER SHARE |
14.49 |
9.21 |
6.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.04
|
1.35 |
1.20 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
3.03
|
2.51 |
2.45 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.32
|
10.50 |
9.26 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.48
|
0.41 |
0.38 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.21
|
2.94 |
3.09 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.77
|
2.36 |
2.90 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE OF THE
COMPANY
During the year, the company has shown reasonably good results. All this
possible because of the timely decisions taken by the Board for business
promotion. The Directors have made their incessant efforts to utilize the
available resources and are sure of achieving much better results in the coming
years.
FORM 8
|
Corporate identity
number of the company |
U51109AP1994PTC018931 |
|
Name of the
company |
HIMA
MARKETING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
8-4-376/8, New Saastry Nagar, Erragadda, Hyderabad-500018, Andhra
Pradesh, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Others |
|
Particular of
charge holder |
Andhra Bank, Divya Shakti Apartments, Ameerpet, Hyderabad-500016, Andhra
Pradesh, India |
|
Nature of
instrument creating charge |
1.
Composite Agreement 2.
Counter Guarantee Form 3.
General form of Guarantee All
Dated 28th January 2010 |
|
Date of
instrument Creating the charge |
28.01.2010 |
|
Amount secured by
the charge |
Rs. 4.600 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest For
CC- BPLR + 3.5% i.e. 15.5% at present BG
commission - As per HO guidelines from time to time Terms of
repayment For
CC- 24 months For
BG - 24 months Margin For
CC: Stocks
- 25% , Receibales not older than 90 days - 50% For
BG- Cash margin of 25% Extent and
operation of the charge Hypothecation
of stocks and receivables in trade & counter guarantee |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
of stocks and receivables in trade & counter guarantee |
|
Charge
identification number of the charge to be modified |
90261883 |
|
Date of instrument
modifying the charge |
28.11.2007 |
|
Particulars of
the present modification |
OCC limit was increased to Rs. 2.300 millions BG limit renewed as Rs. 2.300 millions and total limits increased to
Rs. 4.600 millions |
FIXED ASSETS
- Car
- Computer
- Scooter
- Furniture
- Office Equipments
- Computer Software
- Electrical Equipments
- Open Plot
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.44.38 |
|
|
1 |
Rs.72.57 |
|
Euro |
1 |
Rs.63.92 |
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 |
4 |
|
--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 |
|
45 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.