%20PRIVATE%20LIMITED%20-%20141519%2011-May-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
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Name : |
HYDRAFORM ( |
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Registered Office : |
602-B, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
06.10.1995 |
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Com. Reg. No.: |
55 - 073020 |
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Capital Investment / Paid-up Capital : |
Rs. 1.696 Millions |
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CIN No.: [Company
Identification No.] |
U74899DL1995PTC073020 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELH04227G |
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PAN No.: [Permanent
Account No.] |
AAACB1975G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter, Importer of Brick Block making Machinary,
Inter locking Bricks. |
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No. of Employees
: |
10 (Approximately) |
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 58500 |
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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
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 |
INFORMATION PARTED BY
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Name : |
Mr. Lokesh |
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Designation : |
Manager |
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Contact No.: |
91-11-28542642 |
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Date : |
09.05.2011 |
LOCATIONS
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Registered
Office : |
602-B, Ansal Majestic Tower, PVR Complex, Vikas Puri, New
Delhi-110018,Delhi,India |
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Tel. No.: |
91-11-28542642 |
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Mobile No.: |
91-9810233725 (Mr.Deepak Dawar) |
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Fax No.: |
91-11-28542643 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As On 30.09.2010
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Name : |
Mr. Kofahl.Joachim |
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Designation : |
Director |
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Address : |
23, |
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Date of
Birth/Age : |
11.12.1944 |
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Date of
Appointment : |
29.06.1996 |
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DIN No.: |
02643731 |
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Name : |
Mr. John Henry |
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Designation : |
Director |
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Address : |
P-Box |
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Date of Appointment
: |
29.06.1996 |
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DIN No.: |
02553124 |
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Name : |
Mr. Deepak Dawar |
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Designation : |
Director |
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Address : |
A-23,Panchwati Apartments, Vikaspuri, |
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Date of
Appointment : |
29.06.1996 |
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DIN No.: |
00227156 |
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Name : |
Mrs.Deepika Dawar |
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Designation : |
Director |
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Address : |
A-23,Panchwati Apartments, Vikaspuri, |
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Date of
Appointment : |
30.04.2005 |
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DIN No.: |
00244569 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mrs.Alka Peri |
|
10 |
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Mr.Suresh Adhikari |
|
10 |
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Mr.Lokesh Talwar |
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10 |
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Mr.Deepak Dawar |
|
7510 |
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Mr.Satya Prakash |
|
10 |
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Mr.Pawan Kumar |
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10 |
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Mrs.Deepika Dawar |
|
37500 |
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Mr.Sanjeev Thakral |
|
124545 |
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Total |
|
169605 |
As On 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
99.00 |
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Other top fifty shareholders |
1.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business
: |
Manufacturer, Exporter, Importer of Brick Block making machinary,
Inter locking Bricks.. |
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Products : |
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Exports : |
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Products : |
Brick Block Machinery |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
ICICI Bank Limited, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sandeep Kumar and Associates Chartered Accountant |
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Address : |
99,Sector-15,Part-I,Gurgaon - 122001, |
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Tel. No.: |
91-124 - 2321695 |
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PAN.: |
ABJFS3245H |
CAPITAL STRUCTURE
As On 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
169605 |
Equity Shares |
Rs. 10/- each |
Rs. 1.696 Millions |
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 |
1.696 |
1.501 |
1.501 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
11.674 |
9.449 |
6.974 |
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4] Share Premium Account |
1.270 |
0.000 |
0.000 |
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5] Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
14.640 |
10.950 |
8.475 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.089 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.089 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.640 |
10.950 |
8.564 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.036 |
4.144 |
1.763 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.333 |
0.333 |
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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 |
1.208 |
0.136 |
0.790 |
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Sundry Debtors |
0.181 |
0.181 |
0.810 |
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Cash & Bank Balances |
11.370 |
9.124 |
8.547 |
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Other Current Assets |
0.053 |
0.854 |
0.778 |
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Loans & Advances |
0.117 |
0.025 |
0.028 |
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Total Current Assets |
12.929 |
10.320 |
10.953 |
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Less : CURRENT LIABILITIES &
PROVISIONS |
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Sundry Creditors |
0.452 |
0.540 |
0.749 |
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Other Liabilities |
1.362 |
3.135 |
2.650 |
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Provisions |
0.511 |
0.172 |
1.086 |
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Total Current Liabilities |
2.325 |
3.847 |
4.485 |
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Net Current Assets |
10.604 |
6.473 |
6.486 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.640 |
10.950 |
8.564 |
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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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Other Income |
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TOTAL |
18.011 |
12.453 |
12.344 |
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Less |
EXPENSES |
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TOTAL |
13.579 |
9.832 |
9.281 |
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PROFIT BEFORE
TAX |
4.432 |
2.621 |
3.063 |
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Less |
TAX |
2.207 |
0.049 |
0.972 |
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PROFIT AFTER TAX
|
2.225 |
2.572 |
2.091 |
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%20PRIVATE%20LIMITED%20-%20141519%2011-May-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20141519%2011-May-2011_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
% |
12.35 |
20.65 |
16.94 |
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Return on Total
Assets (PBT/Total
Assets} |
% |
26.12 |
18.12 |
24.09 |
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Return on
Investment (ROI) (PBT/Networth) |
|
0.30 |
0.24 |
0.36 |
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Debt Equity
Ratio (Total
Liability/Networth) |
|
0.16 |
0.35 |
0.54 |
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Current Ratio (Current
Asset/Current Liability) |
|
5.56 |
2.68 |
2.44 |
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LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office of the company has
been shifted from 318, Kirti Shikhar, 11 District Centre Janak Puri,
New Delhi-110058,
Fixed Assets:
- Air Conditioner
- Camara
- Car and Motor Cycle
- Computer
- Furniture and Fixture
- Inverter
- Office
- Office Equipment
- Plant and Machinery
- Refrigerator
- Tools Kit
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. 44.73 |
|
|
1 |
Rs. 73.20 |
|
Euro |
1 |
Rs. 63.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
-- |
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DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
N0 |
|
--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.