|
Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
HITECH NON WOVEN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-283, Near Plot No.77, Sector 2, DSIDC Estate, Bawana, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
13.10.2008 |
|
|
|
|
Com. Reg. No.: |
55-184210 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.260 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17226DL2008PTC184210 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELH07880F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Non Woven. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRAs Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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 (30.06.2011) |
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Suresh Kumar Goyal |
|
Designation : |
Director |
|
Contact No.: |
91-9212043302 |
|
Date : |
11.05.2012 |
LOCATIONS
|
Registered Office : |
G-283, Near Plot No.77, Sector 2, DSIDC Estate, Bawana, Delhi
110039, India |
|
Tel. No.: |
91-11-65027492 |
|
Mobile No.: |
91-9212043302 (Mr. Suresh Kumar Goyal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
150 sq. mtr. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Sampla, Haryana, India |
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Suresh Kumar Goyal |
|
Designation : |
Director |
|
Address : |
B-301, Sai Baba Apartment, Sector 9, Rohini, Delhi 110085, India |
|
Date of Birth/Age : |
16.01.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.10.2008 |
|
DIN No.: |
02353803 |
|
|
|
|
Name : |
Mrs. Raj Rani Goyal |
|
Designation : |
Director |
|
Address : |
206, L Model Town, Rohtak 124001, Haryana, India |
|
Date of Birth/Age : |
01.02.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.10.2008 |
|
DIN No.: |
02317492 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Suresh Kumar Goyal |
|
5000 |
|
Raj Rani Goyal |
|
21000 |
|
|
|
|
|
Total |
|
26000 |
(AS ON 30.09.2011)
Equity Shares Break up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Non Woven. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of Patiala Sankhol Branch, Sankhol, Bahadurgarh, Jhajjar 124507, Haryana, India · State Bank of Patiala Bawana, Delhi, India |
||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khatter and Associates Chartered Accountant |
|
Address : |
XV-5352A, IInd Floor, Shora Kothi, Paharganj, New Delhi 110055,
India |
|
Tel No.: |
91-11-23562566 |
|
Mobile No.: |
91-9810603740 |
|
Fax No.: |
91-11-23562566 |
|
PAN No.: |
AAKFK1056E |
|
Email : |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26000 |
Equity Shares |
Rs.10/- each |
Rs.0.260
Million |
|
|
|
|
|
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 |
0.260 |
0.260 |
0.260 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.287) |
(0.360) |
(0.261) |
|
|
NETWORTH |
(0.027) |
(0.100) |
(0.001) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.705 |
1.440 |
1.562 |
|
|
2] Unsecured Loans |
0.750 |
0.750 |
0.650 |
|
|
TOTAL BORROWING |
1.455 |
2.190 |
2.212 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.428 |
2.090 |
2.211 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.890 |
2.026 |
2.244 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.118 |
0.161 |
0.116 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.901
|
0.480 |
2.069 |
|
|
Sundry Debtors |
1.906
|
2.553 |
0.086 |
|
|
Cash & Bank Balances |
0.024
|
0.138 |
0.025 |
|
|
Other Current Assets |
0.098
|
0.098 |
0.209 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
2.929
|
3.269 |
2.389 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
3.171
|
3.044 |
2.360 |
|
|
Other Current Liabilities |
0.338
|
0.347 |
0.211 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
3.509
|
3.391 |
2.571 |
|
|
Net Current Assets |
(0.580)
|
(0.122) |
(0.182) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.025 |
0.033 |
|
|
|
|
|
|
|
|
TOTAL |
1.428 |
2.090 |
2.211 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.419 |
0.195 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.304 |
0.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.115 |
(0.143) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.043 |
(0.044) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.072 |
(0.099) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS BALANCE BROUGHT FORWARD |
|
(0.360) |
(0.261) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(0.288) |
(0.360) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.39
|
(2.70) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(4.26)
|
1.43 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(183.85)
|
(55.81) |
(4783.00) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83
|
0.96 |
0.93 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoters Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last two years |
Yes |
|
Profitability for last two years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U17226DL2008PTC184210 |
|
Name of the
company |
HITECH NON WOVEN
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-283, Sector-2,
DSIDC, Bawana, Delhi 110039, India |
|
Type of charge |
Immovable Property
Book Debts Movable Property
(Not being pledge) |
|
Particular of
charge holder |
· State Bank of Patiala Sankhol Branch, Sankhol, Bahadurgarh, Jhajjar 124507, Haryana, India |
|
Nature of
description of the instrument creating or modifying the charge |
Bank's Letter |
|
Date of
instrument Creating the charge |
12/07/2011 |
|
Amount secured by
the charge |
Rs.2.000 Millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As may be
prescribed by the bank from time to time. Terms of
Repayment As may be
prescribed by the bank from time to time. Margin As may be
prescribed by the bank from time to time. Extent and
Operation of the charge 100 percent. Others The said charge
is to secure following credit facilities granted by the bank to the company: 1. Cash Credit
(Hypo.) - Rs.1.000 Million 2. Term Loan - Rs.1.000 Million
Total -
Rs.2.000 Million |
|
Short particulars
of the property charged |
Primary Security: Hypothecation of all kinds of stocks,
receivables and current assets of the company (both present and future) Collateral Security: Equitable Mortgage of immovable
properties of the company situate at Flat No. 2, Vindhyachal Apartments,
Paschim Vihar, Delhi admeasuring 2000 square yards together with all land and
building and structure thereat. |
FIXED ASSETS:
· Computer
· Electrical Fittings
· Furniture and Fixture
· Office Equipment
· 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 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 Intl
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 companys 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.55.52 |
|
|
1 |
Rs.68.86 |
|
Euro |
1 |
Rs.85.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
-- |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
16 |
This score serves as a reference to assess SCs 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.