MIRA
INFORM REPORT
|
Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
HES ENERGY SYSTEMS PRIVATE LIMITED |
|
|
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|
Registered
Office : |
A-3, Greater Kailash Enclave I, |
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|
Country : |
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Financials (as
on) : |
31.03.2010 |
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|
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Date of
Incorporation : |
18.08.2008 |
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|
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|
Com. Reg. No.: |
55-182141 |
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CIN No.: [Company Identification
No.] |
U40101DL2008PTC182141 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELH06772D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH0952R |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Trader of Wool Tops and Colour |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 61600 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a company having moderate track. The company is progressing
well. Trade relations are reported as fair. Business is active. Payments are reported
to be slow but correct. The company can be considered for small to mediocre 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Sunil Dhingra |
|
Designation : |
Director |
|
Contact No.: |
91-11-26241792 |
|
Date : |
21.02.2011 |
LOCATIONS
|
Registered Office : |
A-3, Greater Kailash Enclave I, |
|
Tel. No.: |
91-11-26241792 |
|
Mobile No.: |
91-9350551074 (Mr. Ravi Kumar) |
|
Fax No.: |
91-11-46566115 |
|
E-Mail : |
wooltops@yahoo.com |
|
Area : |
800 Sq.ft. (Approximately) |
|
Location : |
Owned |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. Sunil Dhingra |
|
Designation : |
Director |
|
Address : |
A-3, Greater Kailash Enclave I, |
|
Date of Birth/Age : |
24.02.1963 |
|
Date of Appointment : |
18.08.2008 |
|
DIN : |
02010026 |
|
|
|
|
Name : |
Mrs. Leela Dhingra |
|
Designation : |
Director |
|
Address : |
A-3, Greater Kailash Enclave I, |
|
Date of Birth/Age : |
25.07.1934 |
|
Date of Appointment : |
18.08.2008 |
|
DIN : |
02094883 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Sunil Dhingra |
|
402500 |
|
Ms. Leela Dhingra |
|
402500 |
|
|
Total |
805000 |
As on 28.01.2011
|
Names of Allottes |
|
No. of Shares |
|
Mr. Sunil Dhingra |
|
22500 |
|
Ms. Leela Dhingra |
|
22500 |
|
|
Total |
45000 |
As on 30.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Wool Tops and Colour |
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|
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Terms : |
|
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Selling : |
Cash / Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash / Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
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Facilities : |
Cash Credit – Rs. 40.000 million (from State Bank of Amount in Rupees
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Rahul Kapoor and Associates Chartered Accountant |
|
Address : |
E-186, Basement, Greater Kailash
- 1, |
|
PAN No.: |
AALPK9964G |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,100,000 |
Equity Shares |
Rs.10/-each |
Rs. 11,000,000 |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,05,000 |
Equity Shares |
Rs.10/-each |
Rs. 8,050,000 |
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,100,000 |
Equity Shares |
Rs.10/-each |
Rs. 11,000,000 |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
Rs.10/-each |
Rs.8,500,000 |
FINANCIAL DATA
[all figures are
in Rupees]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
8,050,000 |
8,050,000 |
|
|
2] Share Application Money |
|
0 |
0 |
|
|
3] Reserves & Surplus |
|
7,352,409 |
6,676,758 |
|
|
4] (Accumulated Losses) |
|
0 |
0 |
|
|
NETWORTH |
|
15,402,409 |
14,726,758 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
36,277,916 |
39,843,166 |
|
|
2] Unsecured Loans |
|
0 |
3,556,112 |
|
|
TOTAL BORROWING |
|
36,277,916 |
43,399,278 |
|
|
DEFERRED TAX LIABILITIES |
|
94,550 |
0 |
|
|
|
|
|
|
|
|
TOTAL |
|
51,774,875 |
58,126,036 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
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|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4,302,309 |
3,210,699 |
|
|
Capital work-in-progress |
|
0 |
0 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0 |
0 |
|
|
DEFERREX TAX ASSETS |
|
0 |
0 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
19,781,094
|
33,292,903 |
|
|
Sundry Debtors |
|
37,927,262
|
28,329,692 |
|
|
Cash & Bank Balances |
|
742,326
|
649,281 |
|
|
Other Current Assets, Loans & Advances |
|
2,352,459
|
464,287 |
|
Total
Current Assets |
|
60,803,141 |
62,736,163 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
12,438,143
|
1,419,876 |
|
|
Other Current Liabilities |
|
600,100
|
6,271,552 |
|
|
Provisions |
|
292,332
|
129,398 |
|
Total
Current Liabilities |
|
13,330,575
|
7,820,826 |
|
|
Net Current Assets |
|
47,472,566
|
54,915,337 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0 |
0 |
|
|
|
|
|
|
|
|
TOTAL |
|
51,774,875 |
58,126,036 |
|
PROFIT & LOSS
ACCOUNT
(Amount
in Rupees)
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
11034 |
34703 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
9597 |
33799 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
1437 |
904 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0 |
0 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1437 |
904 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
375 |
198 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
1062 |
706 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
387 |
129 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
675 |
577 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
|
0.00 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
6.11 |
1.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.22 |
3.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
4.56 |
8.02 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS :
|
Sundry Creditors |
31.03.2010 (Amount in Rupees) |
31.03.2009 (Amount in Rupees) |
|
Adarsh parivahan |
39780 |
0 |
|
Apex Traders, Culcutta |
116513 |
0 |
|
Bhilwara Ludhiana Roadlines |
17040 |
0 |
|
BLR India Private Limited |
927 |
0 |
|
Bhagvati Cargo Carriers Private Limited |
0 |
54695 |
|
Caravan Roadways Limited |
196879 |
64498 |
|
Deluxe Shipping Agency Private Limited |
0 |
132953 |
|
Express |
0 |
4370 |
|
Gagan Freight Carriers |
8080 |
8080 |
|
|
0 |
27000 |
|
Keshariya Udhyog |
85350 |
6000 |
|
Lanas Javier Sanchez SL, |
299103 |
0 |
|
Modern Woollens |
1668242 |
627676 |
|
Oak garden Resident Welfare Association |
3600 |
0 |
|
Oswal Wolllens Mills Private Limited |
1949988 |
255262 |
|
Parasmani Roadlines Private Limited |
88300 |
110634 |
|
Rimjhim Vincon Private Limited |
7350237 |
0 |
|
Saein Enter Prise |
0 |
63265 |
|
Shri Ajit Freight Carrier |
66930 |
16530 |
|
Estra Enterprises |
164110 |
0 |
|
Tae Pyung Trading Com. |
383064 |
48913 |
|
Total |
12438143 |
1419876 |
TRADE REFERENCE :
- Busan Textile Limited
- Pablo Farras Faus, SA
FIXED ASSETS :
- Computer
- Plant and Machinery
- Furniture and Fixtures
- Office Equipments
- Building
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U40101DL2008PTC182141 |
|
Name of the
company |
Hes Energy
Systems Private Limited |
|
Address of the
registered office or of the principal place of business in |
A-3, Greater
Kailash Enclave -1, |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India, Commercial Branch, IInd Floor, DDA Building,
Vardhman Trade Centre, New Delhi - 110019, Delhi, India Email-Id : sanjuprofessional@gmail.com |
|
Nature of description
of the instrument creating or modifying the charge |
Sme-1 Arrangement
Letter Sme-2 Agreement
Of Loan Cum Hypothecation |
|
Date of
instrument Creating the charge |
11.09.2008 |
|
Amount secured by
the charge |
Rs.40.000 million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- cash credit:- 1.00% over SBAR
presently effective @ 14.75% p.a. on monthly rests cash
credit(ADHOC) :- 2.00% over SBAR
presently effective @ 15.75% p.a. on monthly rests or such other
rate (s) specified by the bank from time to time . Terms Of
Repayment - working capital on demand Margin - cash
credit :- 25% receivable -30% (
cover period 90 days ) Extent And
Operation of The Charge - 100% Others - the
above is to secure cash credit limit of Rs.30.000 million and cash credit (
ADHOC) limit of Rs.10.000 million |
|
Short particulars
of the property charged |
Hypothecation of
stocks of raw materials , semi finished goods , finished goods lying at
various places viz factory , godowns, premises or anywhere places including
those in transit both present and future . Hypothecation of
all the book-debts and receivables both present and future . |
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.45.37 |
|
|
1 |
Rs.73.54 |
|
Euro |
1 |
Rs.62.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.