|
Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
HEMA ENGINEERING INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
Sachidanand Farm, Hou. Kishangarh Village, Opposite Swimming Pool, DDA
Sport Complex, Lane- Green Avenue, Vasant Kunj, New Delhi-110070, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
22.09.1987 |
|
|
|
|
Com. Reg. No.: |
55-29299 |
|
|
|
|
Paid-up Capital : |
Rs.239.930 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74210DL1987PLC029299 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELH03631F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACH0118F |
|
|
|
|
Legal Form : |
A closely held public limited liability company |
|
|
|
|
Line of Business : |
Manufacture
and Supplier of Sheet Metal and Tubular Parts. |
|
|
|
|
No. of Employees : |
Not
Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5691212 |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.09.2011) |
Current Rating (31.12.2011) |
|
India |
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 : |
Sachidanand Farm, Hou. Kishangarh Village, Opposite Swimming Pool, DDA
Sport Complex, Lane-Green Avenue, Vasant Kunj, New Delhi- 110070, India |
|
Tel. No.: |
91-11-26802764 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Correspondence Office / Factory 1 : |
1/3, K.M Stone, |
|
Tel No. : |
91-124-2370740 -44 |
|
Fax No.: |
91-124-4032115 |
|
E- Mail: |
|
|
|
|
|
Factory 2 : |
|
|
Tel No. : |
91-4347-233476/ 33764 / 33798 |
|
E- Mail: |
|
|
|
|
|
Factory 3 : |
Plot No.15, Sector -3, IMT, Manesar, Gurgaon District, |
|
Tel No. : |
91-124-2290440 / 2290441 |
|
Fax No.: |
91-124-2290165 |
|
|
|
|
Factory 4 : |
69 KM, |
|
Tel No. : |
91-127-242289 / 242370 / 71 / 72 / 73 / 74 |
|
Fax No.: |
91-127-242375 |
|
E- Mail: |
|
|
|
|
|
Factory 5: |
No. 713 and 717, |
|
Email: |
|
|
|
|
|
Factory 6: |
Plot No. 4 Salempur, Mehdood, IP-2, Hadiwar, |
|
Tel No.: |
91-133-4235514 |
|
Email: |
|
|
|
|
|
Design Office : |
6th Floor, |
|
Tel No. : |
91-20-66201887 |
|
E-Mail: |
|
|
|
|
|
|
170-A, Sainik Farm, Western Avenue, |
|
Tel No. : |
91-11-26527628/ 26565839 |
|
|
|
|
Overseas Office : |
Le Forum, 5 rue Albert Thomas, 25000 |
|
Tel No. : |
33-381535710 |
|
Fax No.: |
33-331537395 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Chandresh Jajoo |
|
Designation : |
Managing Director |
|
Address : |
Sachidanand Farm, Hou. Kishangarh Village, Opposite Swimming Pool, DDA
Sport Complex, Lane-Green Avenue, Vasant Kunj, New Delhi- 110070, India |
|
Date of Birth/Age : |
21.11.1969 |
|
Date of Appointment : |
19.07.1994 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74210DL1987PLC029299 |
HEMA ENGINEERING INDUSTRIES
LTD |
Managing director |
01/07/2007 |
19/07/1994 |
- |
Active |
NO |
|
2 |
L65910DL1984PLC018922 |
KAY JAY LEASING LIMITED |
Director |
01/01/1995 |
01/01/1995 |
- |
Active |
NO |
|
3 |
U34102DL1986PLC026143 |
KAY JAY FINCAP LIMITED |
Director |
30/11/1999 |
30/11/1999 |
09/01/2007 |
Active |
NO |
|
4 |
U35921DL2002PTC115560 |
WANDO INDIA PRIVATE
LIMITED |
Director |
30/05/2002 |
30/05/2002 |
- |
Active |
NO |
|
5 |
U80211DL2004NPL127406 |
RUPTECH EDUCATIONAL INDIA |
Director |
06/07/2004 |
06/07/2004 |
- |
Active |
NO |
|
6 |
U28133DL2004PLC128719 |
EUROTHERM HEMA RADIATORS
INDIA LIMITED |
Director |
10/02/2009 |
01/10/2004 |
- |
Active |
NO |
|
7 |
U50102DL2006PLC151758 |
HEMA OVERSEAS CORPORATION
LIMITED |
Director |
08/08/2006 |
08/08/2006 |
- |
Strike off |
NO |
|
8 |
U34100DL2008PTC183730 |
Sabo Hema Automotive
Private Limited |
Managing director |
16/02/2009 |
25/09/2008 |
- |
Active |
NO |
|
9 |
U34100DL2009PTC189789 |
VERLICCHI HEMA AUTOMOTIVE
PRIVATE LIMITED |
Managing director |
25/05/2009 |
28/04/2009 |
- |
Active |
NO |
|
10 |
U29200DL2010PLC202617 |
EUROTHERM HEATING SYSTEMS
LIMITED |
Director |
13/05/2010 |
13/05/2010 |
- |
Active |
NO |
|
11 |
U74140DL2010PTC205224 |
PEACOCK GLOBAL QUALITY
ASSURANCE PRIVATE LIMITED |
Director |
05/07/2010 |
05/07/2010 |
09/11/2010 |
Active |
NO |
|
12 |
U31909DL2003PTC120094 |
MAXOP SYNERGIES PRIVATE
LIMITED |
Director |
02/08/2010 |
02/08/2010 |
27/10/2010 |
Active |
NO |
|
13 |
U40101HP2007PTC030660 |
BHARMANI HYDRO POWER
PRIVATE LIMITED |
Additional director |
21/08/2010 |
21/08/2010 |
20/09/2011 |
Active |
NO |
|
14 |
U36900DL2011FTC217142 |
CVG SEATING (INDIA) PRIVATE
LIMITED |
Director |
06/04/2011 |
06/04/2011 |
- |
Active |
NO |
|
15 |
U34102DL2011PTC220210 |
VERLICCHI AUTOMOBILES
INDIA PRIVATE LIMITED |
Director |
01/06/2011 |
01/06/2011 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Krishan K Jajoo |
|
Designation : |
Director |
|
Address : |
Sachidanand Farm, Hou. Kishangarh Village, Opposite Swimming Pool, DDA
Sport Complex, Lane-Green Avenue, Vasant Kunj, New Delhi- 110070, India |
|
Date of Birth/Age : |
15.09.1944 |
|
Date of Appointment : |
10.06.2002 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U34102DL1986PLC026143 |
KAY JAY FINCAP LIMITED |
Managing director |
01/01/2008 |
21/11/1986 |
- |
Active |
NO |
|
2 |
L65910DL1984PLC018922 |
KAY JAY LEASING LIMITED |
Director |
22/12/1992 |
22/12/1992 |
- |
Active |
NO |
|
3 |
U74210DL1987PLC029299 |
HEMA ENGINEERING
INDUSTRIES LTD |
Whole-time director |
01/07/2007 |
10/06/2002 |
01/02/2012 |
Active |
NO |
|
4 |
U35921DL2002PTC115560 |
WANDO INDIA PRIVATE
LIMITED |
Director |
08/03/2004 |
08/03/2004 |
- |
Active |
NO |
|
5 |
U50102DL2006PLC151758 |
HEMA OVERSEAS CORPORATION
LIMITED |
Director |
08/08/2006 |
08/08/2006 |
- |
Strike off |
NO |
|
6 |
U80211DL2004NPL127406 |
RUPTECH EDUCATIONAL INDIA |
Director |
26/05/2008 |
30/11/2006 |
- |
Active |
NO |
|
7 |
U28133DL2004PLC128719 |
EUROTHERM HEMA RADIATORS
INDIA LIMITED |
Director |
09/06/2007 |
09/06/2007 |
26/05/2008 |
Active |
NO |
|
8 |
U34100DL2008PTC183730 |
Sabo Hema Automotive
Private Limited |
Director |
25/09/2008 |
25/09/2008 |
- |
Active |
NO |
|
9 |
U34100DL2009PTC189789 |
VERLICCHI HEMA AUTOMOTIVE
PRIVATE LIMITED |
Director |
09/01/2010 |
25/05/2009 |
- |
Active |
NO |
|
10 |
U29200DL2010PLC202617 |
EUROTHERM HEATING SYSTEMS
LIMITED |
Director |
17/05/2010 |
13/05/2010 |
- |
Active |
NO |
|
11 |
U34102DL2011PTC220210 |
VERLICCHI AUTOMOBILES
INDIA PRIVATE LIMITED |
Director |
03/06/2011 |
03/06/2011 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Atul Swaroop |
|
Designation : |
Whole – time Director |
|
Address : |
House No. K -18, Second Floor, South City-1, |
|
Date of Birth/Age : |
18.05.1960 |
|
Date of Appointment : |
10.09.2006 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U34102DL1986PLC026143 |
KAY JAY FINCAP LIMITED |
Director |
24/09/2010 |
10/09/2006 |
- |
Active |
NO |
|
2 |
U74210DL1987PLC029299 |
HEMA ENGINEERING
INDUSTRIES LTD |
Whole-time director |
01/11/2010 |
10/09/2006 |
- |
Active |
NO |
|
3 |
U28133DL2004PLC128719 |
EUROTHERM HEMA RADIATORS
INDIA LIMITED |
Managing director |
10/02/2009 |
10/02/2009 |
- |
Active |
NO |
|
4 |
U29200DL2010PLC202617 |
EUROTHERM HEATING SYSTEMS
LIMITED |
Director |
27/07/2010 |
17/05/2010 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Kartikay Saini |
|
Designation : |
Additional Director |
|
Address : |
B-428, Sushant Lok-I, Gurgaon- 122002, |
|
Date of Birth/Age : |
21.02.1967 |
|
Date of Appointment : |
05.06.2009 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U80211DL2004NPL127406 |
RUPTECH EDUCATIONAL INDIA |
Director |
06/07/2004 |
06/07/2004 |
- |
Active |
NO |
|
2 |
U74210DL1987PLC029299 |
HEMA ENGINEERING
INDUSTRIES LTD |
Whole-time director |
01/10/2009 |
05/06/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Anil Jain |
|
Designation : |
Independent Director |
|
Address : |
# 713, Sector 15, Part II, Gurgaon-122001, |
|
Date of Birth/Age : |
07.08.1974 |
|
Date of Appointment : |
02.04.2010 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U24119DL1996PTC171786 |
CHEMI FRESH INDIA PVT LTD |
Director |
12/07/1996 |
12/07/1996 |
- |
Active |
NO |
|
2 |
U74899DL1969PTC105844 |
ACROPOLYMERS PRIVATE
LIMITED |
Managing director |
03/11/2004 |
03/11/2004 |
- |
Active |
NO |
|
3 |
U24239DL2004PTC130365 |
ROIDEC INDIA CHEMICALS
PRIVATE LIMITED |
Managing director |
04/11/2006 |
04/11/2006 |
- |
Active |
NO |
|
4 |
U74899DL1994PLC058411 |
UNIFLOCK INTERNATIONAL
LIMITED |
Director |
30/01/2009 |
30/01/2009 |
- |
Active |
NO |
|
5 |
U74210DL1987PLC029299 |
HEMA ENGINEERING
INDUSTRIES LTD |
Director |
30/09/2010 |
02/04/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sailesh Arora |
|
Designation : |
Independent Director |
|
Address : |
S-337, First Floor, Grater Kailash II, New Delhi-110048, |
|
Date of Birth/Age : |
23.05.1968 |
|
Date of Appointment : |
02.04.2010 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U31300DL1994PTC060704 |
MAXOP ENGINEERING COMPANY
PRIVATE LIMITED |
Managing director |
05/08/1994 |
05/08/1994 |
- |
Active |
NO |
|
2 |
U74899DL1995PTC071677 |
ADVANCE MATERIALS PRIVATE
LIMITED |
Managing director |
28/10/1998 |
28/10/1998 |
- |
Active |
NO |
|
3 |
U65991DL1995PTC112819 |
TUNGSTEN INDIA PRIVATE
LIMITED |
Managing director |
12/02/2009 |
15/10/2001 |
- |
Active |
NO |
|
4 |
U31909DL2003PTC120094 |
MAXOP SYNERGIES PRIVATE
LIMITED |
Director |
29/04/2003 |
29/04/2003 |
- |
Active |
NO |
|
5 |
U72200DL2005PTC132857 |
MAXONIC INDIA PRIVATE
LIMITED |
Director |
10/02/2005 |
10/02/2005 |
- |
Active |
NO |
|
6 |
U34300DL2005PTC140707 |
TRUMP COMPONENTS PRIVATE
LIMITED |
Director |
14/09/2005 |
14/09/2005 |
31/03/2008 |
Active |
NO |
|
7 |
U72200DL2005PTC140842 |
SCS IT TECHNOLOGIES
PRIVATE LIMITED |
Director |
16/09/2005 |
16/09/2005 |
- |
Active |
NO |
|
8 |
U74210DL1987PLC029299 |
HEMA ENGINEERING
INDUSTRIES LTD |
Director |
30/09/2010 |
02/04/2010 |
- |
Active |
NO |
|
9 |
U74140DL2010PTC205224 |
PEACOCK GLOBAL QUALITY
ASSURANCE PRIVATE LIMITED |
Director |
05/07/2010 |
05/07/2010 |
09/11/2010 |
Active |
NO |
|
10 |
U74140DL2010PTC207439 |
QUALITY AUSTRIA CENTRAL
ASIA PRIVATE LIMITED |
Director |
23/08/2010 |
23/08/2010 |
09/11/2010 |
Active |
NO |
|
11 |
U45200DL2011PTC214868 |
REIN CONSTRUCTIONS PRIVATE
LIMITED |
Additional director |
03/03/2011 |
03/03/2011 |
14/11/2011 |
Active |
NO |
|
12 |
U34300DL1999PLC099507 |
TRACK COMPONENTS LIMITED |
Director |
26/09/2011 |
23/05/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Suresh Kumar |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.79, 4th Floor, Block-5, Meghdoot Apartment, Sector-10A,
Gurgaon- 122001, |
|
Date of Birth/Age : |
26.07.1972 |
|
Date of Appointment : |
02.01.2001 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Chandresh Jajoo |
|
83210000 |
|
Monica Jajoo |
|
74953000 |
|
Kay Jay Leasing Limited |
|
11200000 |
|
Chandresh Jajoo HUF |
|
14340000 |
|
Krishan Kumar Jajoo |
|
32280000 |
|
Vijaya Jajoo |
|
22280000 |
|
Hema Agarwal |
|
56000 |
|
K. K. Jajoo HUF |
|
16084000 |
|
Kay Jay Fincap Limited |
|
121097000 |
|
Chandresh Jajoo in the capacity as trustee of upasana family trust |
|
20500000 |
|
Total |
|
396000000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
33.41 |
|
Directors
or relatives of directors |
|
53.73 |
|
Other
top fifty Shareholders |
|
12.86 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture
and supplier of sheet metal and Tubular parts. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
Bankers : |
Canara Bank, Lajpat Nagar Branch, A-14, DDA Commercial Complex, Defence
Colony, New Delhi- 110024, India
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Footnotes (A)
Being the Cash Credit Facility availed from the
various Banks. i.e Canara Bank, (Rs. 414.141 Millions) Standard Chartered
Bank (Rs. 0),Kotak Mahindra Bank (Rs. 245.612 Millions), State Bank of
Patiala (Rs. 139.988 Millions), Yes Bank (Rs. 64.715 Millions) and Vijaya
Bank (Rs. 167.920 Millions) (B)
Being the Cash Credit Facility availed from
Various Bank i.e. Canara Bank (Rs. 300.917 Millions), Standard Chartered Bank
(Rs.95726044) Kotak Mahindra Bank Limited (Rs. 107.096 Millions), State Bank
of Patiala (Rs. 150.673 Millions), Yes Bank Limited (Rs. 17.675 Millions)
Vijaya Bank (Rs. 0). (C)
Being the
Vehicle Loan Taken from ICICI Bank (Rs. 1.912 Millions) and HDFC Bank (Rs.
4.539 Millions) (D)
Being the Vehicle Loan Taken From ICICI Bank
(Rs.0.295 Million), HDFC Bank(Rs. 1.180 Millions) and Kotak Mahindra Bank
Limited (Rs.0.163 Millions) (E)
Being the Term Loan Taken From ICICI Bank (Rs.
46.370 Millions), Vijaya Bank (Rs. 38.600 Millions), Hero Honda Finlease Ltd
( Rs.111.984 Millions) ,Kotak Mahindra Bank (Rs. 108.333 Millions) (F)
Being the
Term Loan Taken From ICICI Bank (Rs. 81.147 Millions), Hero Hoinda Finlease
Ltd( Rs. 17.000 Millions) , Citi Bank (Rs.18.280 Millions) and Standard
Chartered Bank (Rs. 37.500 Millions)
Footnotes (A)
Being
the Loan taklen From Mr. Chnadresh Jajoo (Rs. 1.511 Millions) and Mr. Krishan
Kumar Jajoo(Rs.0.924 Million) (B)
Being
the Loan taklen From Mr. Chnadresh Jajoo (Rs. 31.700 Millions) and Mr. Krishan
Kumar Jajoo(Rs. 22.250 Millions) (C)
Being
the Loan taklen From Mr. Chnadresh Jajoo HUF (Rs.0.442 Million) , Mrs. Hema
Agarwal (Rs. 28.439 Millions) , Mr. Krishan Kumar Jajoo HUF(Rs.0. 913
Million). Mrs. Monica Jajoo (Rs.1.210 Millions), M/s Upasana Family Trust
(Rs.0.795 Million), Miss Upasana Jajoo (Rs. 4.788 Millions) and Mrs. Vijya
Jajoo(Rs.0.541 Million) (D)
Being
the Loan taklen From Mr. Chnadresh Jajoo HUF (Rs. 12.350 Millions) , Mrs.
Hema Agarwal (Rs. 31.275 Millions) , Mr. Krishan Kumar Jajoo HUF(Rs.
11300000). Mrs. Monica Jajoo (Rs.39.250 Millions), M/s Upasana Family Trust
(Rs. 38.075 Millions), Miss Upasana Jajoo (Rs. 5.044 Millions) and Mrs. Vijya
Jajoo(Rs. 31.050 Millions) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Wahi and Company Chartered Accountant |
|
Address : |
K-1, Kailash Colony, 1st Floor, |
|
Tel. No.: |
91-11-41734728/ 41734732 / 41734738 |
|
Fax No.: |
91-11-29231411 |
|
E-Mail : |
|
|
Website : |
|
|
Pan No.: |
AAAFW0375N |
|
|
|
|
Enterprises over
which Key management personnel and their relatives are able to exercise
significant influence : |
· Eurotherm Hema Radiators India Limited · Kay Jay Fincap Limited. (formerly Kay Jay Auto Limited.) · Kay Jay Leasing Limited · Venkateshwar Auto Components Private Limited · Wando India Private Limited (formerly Tobu India Private Limited) · Sabo Hema Automotive Private Limited · Verlicchi Hema Automotive Private Limited · Eurotherm Heating System Limited ·
Hema Global Trading FZE, Dubai |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
450000000 |
Equity Shares |
Rs.1/- each |
Rs.450.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
396000000 |
Equity Shares |
Rs.1/- each |
Rs.396.000
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 |
396.000 |
239.930 |
230.430 |
|
|
2] Share Application Money |
0.000 |
39.000 |
19.000 |
|
|
3] Reserves & Surplus |
1026.803 |
823.154 |
762.838 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1422.803 |
1102.084 |
1012.268 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1344.119 |
827.658 |
648.127 |
|
|
2] Unsecured Loans |
506.520 |
731.939 |
634.987 |
|
|
TOTAL BORROWING |
1850.639 |
1559.597 |
1283.114 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3273.442 |
2661.681 |
2295.382 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1558.003 |
1368.113 |
1228.068 |
|
|
Capital work-in-progress |
120.895 |
17.034 |
63.640 |
|
|
|
|
|
|
|
|
INVESTMENT |
252.485 |
230.834 |
177.590 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
858.632
|
647.074
|
495.580 |
|
|
Sundry Debtors |
751.997
|
571.841
|
558.933 |
|
|
Cash & Bank Balances |
36.280
|
70.955
|
12.959 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
1020.472
|
841.851
|
631.822 |
|
Total
Current Assets |
2667.381
|
2131.721
|
1699.294 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
760.957
|
683.363
|
658.710 |
|
|
Other Current Liabilities |
473.833
|
336.508
|
137.714 |
|
|
Provisions |
91.426
|
66.920
|
77.510 |
|
Total
Current Liabilities |
1326.216
|
1086.791
|
873.934 |
|
|
Net Current Assets |
1341.165
|
1044.930
|
825.360 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.894 |
0.770 |
0.724 |
|
|
|
|
|
|
|
|
TOTAL |
3273.442 |
2661.681 |
2295.382 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5532.255 |
3587.497 |
3194.306 |
|
|
|
Other Income |
151.308 |
334.397 |
305.107 |
|
|
|
TOTAL (A) |
5683.563 |
3921.894 |
3499.413 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
3312.537 |
2181.036 |
1872.713 |
|
|
|
Manufacturing Expenses |
1234.709 |
900.266 |
1238.219 |
|
|
|
Contract Cost |
196.715 |
161.111 |
0.000 |
|
|
|
Employees Related Expenses |
329.318 |
222.294 |
0.000 |
|
|
|
Administrative Expenses |
143.265 |
118.756 |
155.031 |
|
|
|
Increase/(Decrease) in Finished Goods |
0.000 |
0.000 |
(49.696) |
|
|
|
TOTAL (B) |
5216.544 |
3583.463 |
3216.267 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
467.019 |
338.431 |
283.146 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
279.171 |
193.153 |
159.929 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
187.848 |
145.278 |
123.217 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
112.530 |
90.650 |
78.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
75.318 |
54.628 |
44.646 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.306 |
15.628 |
12.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
53.012 |
39.000 |
31.735 |
|
|
|
|
|
|
|
|
|
Less |
EARLIER YEAR
ADJUSTMENT |
NA |
(12.200) |
2.117 |
|
|
Add |
EARLIER YEAR
ADJUSTMENT FOR DEPRECIATION WRITTEN BACK |
NA |
0.000 |
123.159 |
|
|
Less |
DEFERRED TAX
LIABILITY ON DEPRECIATION WRITTEN BACK |
NA |
0.000 |
41.888 |
|
|
Less |
PROVISION FOR BONUS
|
NA |
0.000 |
9.695 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
233.049 |
131.855 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
0.000 |
|
|
BALANCE CARRIED TO
THE B/S |
132.239 |
84.249 |
233.049 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.93
|
0.99
|
0.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.36
|
1.52
|
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
1.56
|
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.05
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.23
|
2.40
|
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
1.96
|
1.94 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Note:
The registered office of the company has been shifted from
170 A Sainik Farmswestern Avenue, New Delhi – 110062, Delhi, India to present
address w.e.f. 10.04.2008
The registered office of the company has been shifted from
Sachidanand Farm House, Khasra No. 95/8, 9, 10, 11, 12, Kishan Garh Vill. Near
DDA Sports Complex, Mehrauli,
PERFORMANCE REVIEW
AND OPERATION:
This year in spite their cut-throat competition in the two wheelers automobile component manufacturing sector, volatile steel prices, continuous hike in the rates of OIL and Bank lending rates, the company has been able to achieve its steady growth, it augurs well for the company, and we are hopeful that the company shall be able to
maintain the same in future too.
During the year, the company in continuous effort, of becoming India’s major auto components manufacturer and the most prominent Research and Development center in Engineering and Automotive Component Design and Manufacturing Sector, has entered into new commitments/ventures with the national /international companies and has incurred an amount of Rs. 66.648 Millions in its Research and Development activities.
During the year, the total revenue of the company was Rs. 56,83.563 Millions as compared to Rs. 39,21.894 Millions in the previous financial year showing an increase in revenue by 44.91% over the previous year. The Profit before Depreciation and Taxation during the year under review was Rs. 53.013 Millions as compared to Rs.
39.000 Millions in the previous financial year, showing an increase by 35.93% over the previous year.
OUTLOOK FOR THE
CURRENT FINANCIAL YEAR :
During the current financial year, management has set a target to achieve turnover of more than Rs. 7000.000 Millions. Seeking the festival season in later half of the Year and continuous increase in the demand of the Auto Product especially in two wheeler vehicle segments, the Directors are quite confident that the said target of the company shall be comfortably achieved.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U74210DL1987PLC029299 |
|
Name of the company |
HEMA ENGINEERING
INDUSTRIES LTD |
|
Address of the registered office or of the
principal place of business in |
Sachidanand Farm, Hou. Kishangarh Village, Opposite Swimming Pool, DDA
Sport Complex, Lane-Green Avenue, Vasant Kunj, New Delhi- 110070, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Movable Property Immovable Property |
|
Particular of charge holder |
ICICI BANK LIMITED |
|
Nature of instrument creating charge |
Letter of amendment |
|
Date of instrument Creating the charge |
23.03.2012 |
|
Amount secured by the charge |
Rs.127.600 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest The aggregate of:The applicable Margin;
and6 month Libor. The all in cost pricing as defined under RBI guidelines
shall not exceed the all in cost pricing of 6 M LIBOR+200bps Terms of Repayment The Borrower shall repay the drawn down
amount in ten equal semi-annual installments, first installment being due on
end of eighteenth month from the Average Drawdown Date. Margin As agreed Extent and Operation of the charge 1. Equitable Mortgage of Land and Building
situated at Plot No. 4, Khasara No. 1503, Hero Honda Industrial Park-II,
Village Salempur Mehdood-2, Pargana, Haridwar, Uttarkhand. 2. First charge on moveable fixed acquired
out of the term loan proceeds of ICICI Bank. Others The above is to secure the Foreign
Currency Loan from ICICI BANK LIMITED Suite 15, Ground and Mezzanine Flr,
Part 3, Municipality # 116, Building 114, Govt. Avenue, Manama 316, PO Box -
1494 Kingdom of Bahrain and/or any other offshore branch /subsidiary of ICICI
Bank Limited for Euro 2.0 million. |
|
Short particulars of the property charged |
Equitable Mortgage of Land and Building
situated at Plot No. 4, Khasara No. 1503, Hero Honda Industrial Park-II, Village
Salempur Mehdood-2, Pargana, Haridwar, Uttarkhand. First charge on moveable
fixed acquired out of the term loan proceeds of ICICI Bank. |
|
Particulars of the present modification |
The bank has vacated its charge over the
following property: Equitable Mortgage of Land and Building
situated at Plot No.-15, Sector - 3, IMT Manesar, Gurgaon (Haryana). All other terms and conditions remained
the same. |
Fixed Assets
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.55.66 |
|
|
1 |
Rs.85.89 |
|
Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.