1. Summary Information
|
|
|
Country |
|
|
Company Name |
HINDUSTAN META-MART PRIVATE LIMITED |
Principal Name 1 |
Mr. Anand Jhunjhunwala |
|
Status |
New Company |
Principal Name 2 |
Mr. Devendra Kumar Sureka |
|
|
|
Registration # |
21-139459 |
|
Street Address |
C/O, Hind Ceramics Private Limited, 147, Nilganj Road, Belghoria,
Kolkata – 700056, West Bengal, India |
||
|
Established Date |
17.11.2009 |
SIC Code |
-- |
|
Telephone# |
91-33-64557624 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
|
|
Homepage |
Not Available |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.720,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Indian Bank |
|
Public Limited Corp. |
NO |
Business Period |
2 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
6,579,000 |
Current Liabilities |
1,325,000 |
|
Inventories |
2,923,000 |
Long-term Liabilities |
1,414,000 |
|
Fixed Assets |
138,000 |
Other Liabilities |
217,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,956,000 |
|
Invest& other Assets |
103,000 |
Retained Earnings |
6,067,000 |
|
|
|
Net Worth |
6,787,000 |
|
Total Assets |
9,743,000 |
Total Liab. & Equity |
9,743,000 |
|
Total Assets (Previous Year) |
5,102,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
11,682,000 |
Net Profit |
486,000 |
|
Sales(Previous yr) |
000 |
Net Profit(Prev.yr) |
0,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN META-MART PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C/O. Hind Ceramics Private Limited, 147, Nilganj Road, Belghoria,
Kolkata – 700056, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.11.2009 |
|
|
|
|
Com. Reg. No.: |
21-139459 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.720 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100WB2009PTC139459 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALH03679E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH3715Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of iron ore, sponge iron, pig iron and steel and its
allied products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2700 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company establishing itself gradually. Trade
relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings with some caution. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
C/O. Hind Ceramics Private Limited, 147, Nilganj Road, Belghoria,
Kolkata – 700056, West Bengal |
|
Tel. No.: |
91-33-64557624 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Devendra Kumar Sureka |
|
Designation : |
Director |
|
Address : |
41A, |
|
Date of Birth/Age : |
08.11.1954 |
|
Date of Appointment : |
17.11.2009 |
|
DIN No.: |
01087581 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U67120WB1995PTC073458 |
Sureka Fincap
Private Limited |
Director |
09-08-95 |
09-08-95 |
- |
Active |
|
|
2 |
U29130WB1994PTC061843 |
GJK Shellex ( |
Director |
14-07-09 |
14-07-09 |
20-10-10 |
Active |
NO |
|
3 |
U27100WB2009PTC139459 |
Hindustan
Meta-Mart Private Limited |
Director |
17-11-09 |
17-11-09 |
- |
Active |
NO |
|
Name : |
Mr. Anand Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
14.11.1988 |
|
Date of Appointment : |
17.11.2009 |
|
DIN No.: |
02643409 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Devendra Kumar Sureka |
|
5000 |
|
Anand Jhunjhunwala |
|
5000 |
|
Total |
|
10000 |
As on 01.04.2010
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Kanak Jhunjhunwala |
|
12000 |
|
Ishwar Distributors Private Limited. |
|
10000 |
|
Sunlight Goods Private Limited, |
|
10000 |
|
Pushpak Suppliers Private Limited, |
|
10000 |
|
Jagriti Vanijya Private Limited, |
|
15000 |
|
Arpan Tieup Private Limited |
|
5000 |
|
Total |
|
62000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of iron ore, sponge iron, pig iron and steel and its
allied products. |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
2010-2011
Production |
|
Production |
Pcs. |
621 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Indian Bank, |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lihala and Company Chartered Accountants |
|
Address : |
11, Crooked Lane, Ground Floor, Kolkata – 700 069, West |
|
PAN.: |
AAAFL8367M |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares fully paid up in cash |
Rs.10/- each |
Rs.0.600
Million |
|
12000 |
Equity Shares fully paid up in other than cash |
Rs.10/- each |
Rs.0.120
Million |
|
|
Total |
|
Rs.720.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.720 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
5.000 |
|
|
3] Reserves & Surplus |
|
6.067 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
6.787 |
5.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
1.414 |
0.000 |
|
|
TOTAL BORROWING |
|
1.414 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
8.201 |
5.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.138 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
2.923 |
0.000 |
|
|
Sundry Debtors |
|
2.166 |
0.000 |
|
|
Cash & Bank Balances |
|
1.674 |
0.105 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.739 |
4.867 |
|
Total
Current Assets |
|
9.502 |
4.972 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.018
|
0.002 |
|
|
Other Current Liabilities |
|
0.307
|
0.000 |
|
|
Provisions |
|
0.217
|
0.000 |
|
Total
Current Liabilities |
|
1.542
|
0.002 |
|
|
Net Current Assets |
|
7.960 |
4.970 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.103 |
0.130 |
|
|
|
|
|
|
|
|
TOTAL |
|
8.201 |
5.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
11.682 |
0.000 |
|
|
|
Other Income |
|
0.486 |
0.000 |
|
|
|
TOTAL |
|
12.168 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
7.585 |
0.000 |
|
|
|
Trading and Manufacturing Expenses
|
|
1.259 |
0.000 |
|
|
|
Administrative Expenses |
|
1.535 |
0.000 |
|
|
|
Pre-Operative and Preliminary Expenses Written Off |
|
0.026 |
0.000 |
|
|
|
(Increase)/Decrease in stock |
|
1.033 |
0.000 |
|
|
|
TOTAL |
|
11.438 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.730 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.026 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.704 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.218 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.486 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.486 |
0.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
|
6.993 |
NA |
|
|
TOTAL EARNINGS |
|
6.993 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
6.75 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
3.99 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
6.03 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
7.30 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.10 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.44 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
6.16 |
2486.00 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL
PERFORMANCE:
The Company has not commenced business during the year.
FIXED ASSETS:
·
Air Conditioner
·
Computers
·
Electric Installation
·
Furniture and Fixtures
·
Office Equipments
·
Plant and Machinery
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 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.52.25 |
|
|
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.69.83 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.