|
Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
HIMA MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-4-376/8, New Saasthry Nagar, Erragadda, Hyderabad-500018, Andhra
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.12.1994 |
|
|
|
|
Com. Reg. No.: |
01-018931 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109AP1994PTC018931 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDH01059C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH4919G |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Dealer of Computer Hardware, Computer Services and Repairs. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 28000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
8-4-376/8, New Saastry Nagar, Erragadda, Hyderabad-500018, Andhra
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
F-202, Lakshmi Residency, 7-1-55/1, Dharam Karan Road, Ameerpet,
Hyderabad-500018, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23750705 / 23750654 |
|
Fax No.: |
91-40-23732920 / 23732869 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Gorintla Chanrasekar Rao |
|
Designation : |
Managing Director |
|
Address : |
8-4-376/8, New Saastry Nagar, Beside Meter Factory, Hyderabad-500018,
Andhra Pradesh, India |
|
Date of Birth/Age : |
25.05.1957 |
|
Date of Appointment : |
20.12.1994 |
|
DIN No.: |
00902968 |
|
|
|
|
Name : |
Mr. Madabhushi Madhavan |
|
Designation : |
Director |
|
Address : |
Flat No.5-9 1165, Flat No.204, Pearl Palace, Gounfoundry,
Hyderabad-500029, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.09.1961 |
|
Date of Appointment : |
26.08.2002 |
|
DIN No.: |
03203142 |
|
|
|
|
Name : |
Mr. Yaparla Gopinath |
|
Designation : |
Director |
|
Address : |
Flat No.102, 7-1-55/1, Laxmi Residency, Ameerpet, Hyderabad-500016,
Andhra Pradesh, India |
|
Date of Birth/Age : |
18.10.1957 |
|
Date of Appointment : |
26.08.2002 |
|
DIN No.: |
03184377 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
G. Chanrasekar Rao |
60010 |
|
M Madhavan |
60000 |
|
Y. Gopinath |
59990 |
|
TOTAL
|
180000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Computer Hardware, Computer Services and Repairs. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Andhra Bank, Divya Shakti Apartments, Ameerpet,
Hyderabad-500016, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Venkat Malli and Associates Chartered Accountant |
|
Address : |
7-1-55/1, F-202, Laxmi Residency, D K Road, Ameerpet, Hyderabad-500016,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-30609041 |
|
PAN No.: |
AACPY2672C |
|
|
|
|
Related Parties : |
·
Hima Ecology Associates ·
GSM Enterprises |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180000 |
Equity Shares |
Rs.10/- each |
Rs. 1.800
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.800 |
0.900 |
0.900 |
|
|
2] Share Application Money |
0.108 |
0.108 |
0.108 |
|
|
3] Reserves & Surplus |
5.110 |
2.952 |
2.701 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.018 |
3.960 |
3.709 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.618 |
2.613 |
1.142 |
|
|
2] Unsecured Loans |
6.551 |
4.486 |
3.939 |
|
|
TOTAL BORROWING |
9.169 |
7.099 |
5.081 |
|
|
DEFERRED TAX LIABILITIES |
0.108 |
0.089 |
0.043 |
|
|
|
|
|
|
|
|
TOTAL |
16.295 |
11.148 |
8.833 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.050 |
1.353 |
0.998 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.849
|
3.296
|
4.336 |
|
|
Sundry Debtors |
8.066
|
10.163
|
7.395 |
|
|
Cash & Bank Balances |
1.562
|
0.612
|
0.020 |
|
|
Other Current Assets |
0.000
|
0.000
|
1.264 |
|
|
Loans & Advances |
4.038
|
1.261
|
0.590 |
|
Total
Current Assets |
22.515
|
15.332 |
13.605 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.483
|
4.096
|
5.601 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
0.787
|
1.441
|
0.169 |
|
Total
Current Liabilities |
8.270
|
5.537 |
5.770 |
|
|
Net Current Assets |
14.245
|
9.795
|
7.835 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.295 |
11.148 |
8.833 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
95.477 |
62.386 |
61.184 |
|
|
|
Other Income |
0.818 |
1.386 |
0.433 |
|
|
|
TOTAL (A) |
96.295 |
63.772 |
61.617 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Purchase |
64.827 |
45.950 |
43.408 |
|
|
|
Personal Cost |
3.893 |
2.861 |
0.640 |
|
|
|
Employees Remuneration |
0.000 |
0.000 |
2.938 |
|
|
|
Travelling Expenses |
0.000 |
0.000 |
4.119 |
|
|
|
Director Remuneration |
3.600 |
1.800 |
2.462 |
|
|
|
Administrative Expenses |
19.276 |
9.951 |
0.000 |
|
|
|
Other Expenses |
0.000 |
0.000 |
5.363 |
|
|
|
TOTAL (B) |
91.596 |
60.562 |
58.930 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.699 |
3.210 |
2.687 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.113 |
1.007 |
0.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.586 |
2.203 |
1.797 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.385 |
0.315 |
0.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.201 |
1.888 |
1.533 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.043 |
0.584 |
0.704 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.158 |
1.304 |
0.829 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.802 |
2.701 |
1.872 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.150 |
0.000 |
|
|
|
Dividend |
0.000 |
0.900 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
0.153 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4.960 |
2.802 |
2.701 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.19 |
14.49 |
9.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.24
|
2.04 |
1.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.35
|
3.03 |
2.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.03
|
11.32 |
10.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.48 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.50
|
3.21 |
2.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.72
|
2.77 |
2.36 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
PERFORMANCE OF THE COMPANY
During the year,
the Company has shown excellent results, and all this was possible because of
the incessant efforts made by the directors. Further, in order to carry on the same
tempo, the Directors have taken all necessary steps and are hopeful to further
improve the turnover as well as the profits in the years to come.
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
Saasthry Nagar, Erragaddam, Hyderabad, Andhra Pradesh, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90261883 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
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 |
|
Date of
instrument Creating the charge |
25.04.2012 |
|
Amount secured by
the charge |
Rs. 4.850
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest For CC - Base
Rate +7.50+0.25%=10.75+7.50+0.25% = 18.505 p.a. at present For BG - As per
HO guidelines from time to time Terms of repayment For CC - 12
months For BG - 12
months Margin For CC - Stocks -
25%, Receivables not older than 90 days - 50% For BG - Cash
Margin - 20% Extent and operation of the charge The properties charged
shall operates as security for the due repayment of the credit facilities
aggregating to Rs.4.850 Millions extended by the Bank to the Company along
with interest, penal interest, costs and other expenses if any. |
|
Short particulars
of the property charged (Including location of the property) |
Receivables of
the Company and Personal Guarantee of all the Directors. Collateral
Security- (1) Flat No.202, Laxmi Residency, Dharma Karan
Road, Ameerpet, Hyderabad owned by G. Chandra Sekhar Rao, Managing Director (2) H.No.8-7-91/112,Plot No.112, Sy. No.59
Hasthinapuram South, Karmanghat(V),RR District owned by M. Madhavan and Mrs.
Nirmala Badrinath. |
|
Date of
instrument modifying the charge |
28.01.2010 |
|
Particulars of
the present modification |
This modification
is being filed for the enhancement of credit limits as detailed below: OCC Limit: Rs. 1.850 Millions. BG limit :
Rs. 3.000 Millions.
----------------- Total Rs. 4.850 Millions ========== |
FIXED ASSETS
·
Car
·
Computer
·
Scooter
·
Furniture
·
Office Equipments
·
Electronic 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. 55.49 |
|
|
1 |
Rs. 86.39 |
|
Euro |
1 |
Rs. 68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.