MIRA
INFORM REPORT
|
Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
HUNDIA INFOSOLUTION PRIVATE LIMITED |
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Registered
Office : |
4 Ganga Building, Topiwala X Lane, Lamington Road, Mumbai – 400007,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
18.09.2006 |
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Com. Reg. No.: |
11-161985 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74999MH2006PTC161985 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH12107E |
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PAN No.: [Permanent Account No.] |
AABCH7575H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealing in all types of Electronic Systems and Computer Accessories. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
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 14000 |
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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 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
Management non co-operative (91-22-66331343/ 23889369)
LOCATIONS
|
Registered Office : |
4 Ganga Building, Topiwala X Lane, Lamington Road, Mumbai – 400007,
Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on: 29.09.2011
|
Name : |
Mr. Ramesh Kumar Hundia |
|
Designation : |
Director |
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Address : |
506/A Wing, B Building, Jai Hai Co-operative Housing Society Limited, Forjett Street, Tardeo, Mumbai - 400036, Maharashtra, India |
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Date of Appointment : |
18.09.2006 |
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Voter ID No.: |
MT/05/026/0174061 |
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DIN No.: |
02215828 |
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Name : |
Mr. Popatidevi Ramesh Hundia |
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Designation : |
Director |
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Address : |
506/A Wing, B Building, Jai Hai Co-operative Housing Society Limited, Forjett Street, Tardeo, Mumbai - 400036, Maharashtra, India |
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Date of Appointment : |
18.09.2006 |
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DIN No.: |
02215743 |
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Name : |
Mr. Vishal Ramesh Hundia |
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Designation : |
Director |
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Address : |
506/A Wing, B Building, Jai Hai Co-operative Housing Society Limited, Forjett Street, Tardeo, Mumbai - 400036, Maharashtra, India |
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Date of Appointment : |
18.09.2006 |
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DIN No.: |
02215836 |
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Name : |
Mr. Kunal Ramesh Hundia |
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Designation : |
Director |
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Address : |
506/A Wing, B Building, Jai Hai Co-operative Housing Society Limited, Forjett Street, Tardeo, Mumbai - 400036, Maharashtra, India |
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Date of Appointment : |
18.09.2006 |
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DIN No.: |
00596581 |
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Name : |
Mr. Vikesh Ramesh Hundia |
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Designation : |
Director |
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Address : |
506/A Wing, B Building, Jai Hai Co-operative Housing Society Limited, Forjett Street, Tardeo, Mumbai - 400036, Maharashtra, India |
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Date of Appointment : |
18.09.2006 |
|
DIN No.: |
00596527 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Kumar Ghevarchand Hundia |
|
400 |
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Popatidevi Ramesh Kumar Hundia |
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300 |
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Vishal Ramesh Kumar Hundia |
|
100 |
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Kunal Ramesh Kumar Hundia |
|
100 |
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Vikesh Ramesh Kumar Hundia |
|
100 |
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Total |
|
1000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2011
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Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealing in all types of Electronic Systems and Computer Accessories. |
GENERAL INFORMATION
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
Union Bank of India, Maulana Saukat Ali Road,
Grant Road, Mumbai - 400007, Maharashtra, India ·
Union Bank of India, Opera House Branch, Tejura Chambers,
365-367,V.P. Road, Opera House, Mumbai – 400004, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
L.C. Barola Chartered Accountant |
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Address : |
43,2nd Floor, Ganga Building, Lamington Road, Topiwala Cross Lane, Mumbai – 400007, Maharashtra, India |
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PAN No.: |
AACPB9911B |
CAPITAL STRUCTURE
As on: 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
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|
9000 |
Equity Shares |
Rs.100/- each |
Rs.0.900 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3.521 |
2.145 |
0.886 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.621 |
2.245 |
0.986 |
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LOAN FUNDS |
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1] Secured Loans |
15.027 |
5.964 |
2.086 |
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2] Unsecured Loans |
5.790 |
13.531 |
2.202 |
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TOTAL BORROWING |
20.817 |
19.495 |
4.288 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
24.438 |
21.740 |
5.274 |
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APPLICATION OF FUNDS |
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|
0.563 |
0.613 |
0.000 |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
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|
0.261 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.602
|
9.574 |
2.212 |
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Sundry Debtors |
20.176
|
26.722 |
2.749 |
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|
Cash & Bank Balances |
0.383
|
0.111 |
0.098 |
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Other Current Assets |
2.129
|
3.272 |
0.318 |
|
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Loans & Advances |
0.000
|
0.096 |
2.100 |
|
Total
Current Assets |
27.290
|
39.775 |
7.477 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
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Sundry Creditors |
1.874
|
15.654 |
0.185 |
|
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
1.802
|
3.002 |
2.035 |
|
Total
Current Liabilities |
3.676
|
18.656 |
2.220 |
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Net Current Assets |
23.614
|
21.119 |
5.257 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.008 |
0.017 |
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TOTAL |
24.438 |
21.740 |
5.274 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
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Other Income |
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TOTAL (A) |
148.972 |
91.709 |
23.275 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
144.843 |
89.177 |
22.273 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.129 |
2.532 |
1.002 |
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Less |
FINANCIAL
EXPENSES (D) |
2.039 |
0.643 |
0.044 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.090 |
1.889 |
0.958 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.099 |
0.108 |
0.000 |
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|
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PROFIT BEFORE
TAX (E-F) (G) |
1.991 |
1.781 |
0.958 |
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Less |
TAX (I) |
0.000 |
0.574 |
0.296 |
|
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|
PROFIT AFTER TAX
(G-I) (J) |
1.991 |
1.207 |
0.662 |
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|
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|
Earnings Per
Share (Rs.) |
1991.00 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.34 |
1.32 |
2.84 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.15 |
4.41 |
12.81 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.55 |
0.79 |
0.97 |
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Debt Equity Ratio (Total Liability/Networth) |
|
6.76 |
16.99 |
6.60 |
|
|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
7.42 |
2.13 |
3.37 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs. in Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
1.874
|
15.654 |
0.185 |
|
|
|
|
|
|
Total |
1.874
|
15.654 |
0.185 |
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U74999MH2006PTC161985 |
|
Name of the
company |
HUNDIA
INFOSOLUTION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
4 Ganga Building, Topiwala X Lane, Lamington Road, Mumbai – 400007,
Maharashtra, India E-mail: lcbarola@rediffmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10208918 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Union Bank of India, Opera House Branch, Tejura Chambers, 365-367,V.P.
Road, Opera House, Mumbai – 400004, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplementary
Agreement To Hypothecation Agreement of Goods and Debts |
|
Date of
instrument Creating the charge |
29.04.2010 |
|
Amount secured by
the charge |
Rs.15.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 1%over BPLR per
annum with monthly rests or such other rate as may be revised by the Bank
from time to time depending on the change in P.L.R. of the Bank or Directives
of RBI or Policy of the Bank. Terms of
Repayment On Demand. Margin As per sanction
terms. Extent and
Operation of the charge To secure Revised
Cash Credit (Hypothecation) /SOD Book-Debts facility of Rs.15.000 Millions
granted by the Bank to the Company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
hat the
Hypothecated Goods, Book-Debts and Movable Property covered by the Principal
Hypothecation Agreement shall continue to be a security for the Bank for the
enhanced Cash Credit (Hyp) /SOD
Book-Debts facility of Rs.15.000 Millions granted by the Bank to the Company. |
|
Particulars of
the present modification |
The Original
Charge Dated:11-02-2010 for Rs.12.000 Millions is hereby modified by granting
an additional sum of Rs.3.000 Millions thereby enhancing the Cash Credit
(Hypothecation) /SOD Book-Debts facility from Rs.12.000 Millions to Rs.15.000
Millions and That the Hypothecated Goods, Book-Debts and Movable Property
covered by the Principal Hypothecation Agreement shall continue to be a
security for the Bank for the enhanced Cash Credit (Hypo)/SOD Book-Debts
facility of Rs.15.000 Millions granted by the Bank to the Company |
FIXED ASSETS:
· Motor Car
· Scooter
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.55.47 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
INFORMATION DETAILS
|
Information Gathered
by : |
SBA |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.