1. Summary Information
|
|
|
Country |
|
|
Company Name |
HARI OM RETAIL
PRIVATE LIMITED |
Principal Name 1 |
Mr. Sunil Juneja |
|
Status |
Moderate |
Principal Name 2 |
Mr. Gaurav Juneja |
|
|
|
Registration # |
55-214184 |
|
Street Address |
7679, Near Amba
Cinema, Ghanta Ghar, Shakti Nagar, New Delhi – 110007, Delhi, India |
||
|
Established Date |
16.02.2011 |
SIC Code |
-- |
|
Telephone# |
91-11-23824617 |
Business Style 1 |
Dealer |
|
Fax # |
91-11-23914617 |
Business Style 2 |
Retailer |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
70
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or Relatives of Directors-100% |
Banking |
Vijaya Bank |
|
Public Limited Corp. |
NO |
Business Period |
1 Year |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
88,000 |
Current Liabilities |
0,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
0,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
0,000 |
|
Invest& other Assets |
9,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
97,000 |
|
Total Assets |
97,000 |
Total Liab. & Equity |
97,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
650,000,000 |
Net Profit |
(3,000) |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HARI OM RETAIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7679, Near Amba Cinema, Ghanta Ghar, Shakti Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.02.2011 |
|
|
|
|
Com. Reg. No.: |
55-214184 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52590DL2011PTC214184 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Retailer of Home Appliances. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 300 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a proprietory concern in 1978 with the name
of “HARI OM ELECTRONICS” and in February 2011 it got converted into Private
Limited. Trade relations are reported as fair. Business is active. Payments are
reported to slow. The company can be considered for business dealings with some
cautions. |
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. Gaurav Juneja |
|
Designation : |
Director |
|
Contact No.: |
91-9711115600 |
|
Date : |
24.04.2012 |
LOCATIONS
|
Registered Office/ Show Room: |
7679, Near Amba Cinema, Ghanta Ghar, Shakti Nagar, |
|
Tel. No.: |
91-11-23824617 |
|
Mobile No.: |
91-9212721141 (Mr. Juneja) 91-9711115600 (Mr. Gaurav) |
|
Fax No.: |
91-11-23914617 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Jaipuria Mill, Opposite Clock Tower, Kamala Nagar, |
|
|
|
|
Showroom : |
They have 4 Showrooms 2 Showrooms at Ashok Vihar, Tel No.: 91-11-27415736 1 Showroom at Roop Nagar, |
DIRECTORS
As on: 05.08.2011
|
Name : |
Mr. Sunil Juneja |
|
Designation : |
Director |
|
Address : |
6/5, |
|
Date of Birth/Age : |
17.02.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
16.02.2011 |
|
DIN No.: |
03310974 |
|
|
|
|
Name : |
Mr. Gaurav Juneja |
|
Designation : |
Director |
|
Address : |
6/5, |
|
Date of Birth/Age : |
23.04.1981 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
16.02.2011 |
|
DIN No.: |
03310952 |
|
|
|
|
Name : |
Ms. Seema Juneja |
|
Designation : |
Director |
|
Address : |
6/5, |
|
Date of Birth/Age : |
15.07.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
16.02.2011 |
|
DIN No.: |
03317692 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 05.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Juneja |
|
3400 |
|
Gaurav Juneja |
|
3300 |
|
Seema Juneja |
|
3300 |
|
|
|
|
|
Total |
|
10000 |
List of Allotees
As on: 05.09.2011
|
Names of Allotee |
|
No. of Shares |
|
Sunil Juneja |
|
390000 |
|
|
|
|
|
Total |
|
390000 |
Equity Share Break up (Percentage of Total Equity)
As on: 05.08.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Retailer of Home Appliances. |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
Retailers
|
|
|
|
|
No. of Employees : |
70 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
CC Rs.20.000 Millions (From Vijaya Bank) |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Sudhir Garg and Associates Chartered Accountants |
|
Address : |
171-172, Rajendra Bhawan, |
|
Mobile No.: |
91-9312233947 |
|
E-Mail : |
|
|
PAN.: |
AAFKS7717C |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.003) |
|
|
NETWORTH |
|
|
0.097 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.097 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.088 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.088 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.088 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
|
|
|
|
|
|
0.009 |
|
|
TOTAL |
|
|
0.097 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
Sales
(Approximately) |
|
|
450.000 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
(0.003) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/(LOSS)BEFORE TAX |
|
|
(0.003) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
(0.003) |
|
|
|
|
|
|
|
|
Earnings
/(LOSS)Per Share (Rs.) |
|
|
(0.30) |
|
Particulars |
31.03.2012 |
|
Sales Turnover (Approximately) |
650.000 |
Expected Sales ( 2012-2013 ) : Rs.900.000 Millions
The above information has been parted by Mr. Gaurav
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(3.41) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.03) |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
No |
|
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 three years |
Yes |
|
Profitability
for last one year |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U52590DL2011PTC214184 |
|
Name of the
company |
HARI OM RETAIL
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7679, Near Amba
Cinema, Ghanta Ghar, Shakti Nagar, New Delhi – 110007, Delhi, India E-mail: sudhirgarg76@rediffmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10311931 |
|
Type of charge |
|
|
Particular of
charge holder |
Vijaya Bank,
Kamla Nagar Branch, E-mail: susheelgupta@hotmail.com |
|
Nature of
instrument creating charge |
|
|
Date of
instrument Creating the charge |
27.01.2012 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest on CCH
limit shall be charged @ 16.15% per annum (floating) on monthly rest being
Bank's Base Rate + 5.50% or at such other rate (s) as may be specified by the
bank from time to time. Terms of
repayment Repayable on demand.
Limit is valid for one year and is subject to review thereafter Margin Margin 25% on
paid stock and 50% on book debts Extends and
operation of the charge First charge to
secure Cash Credit Hypothecation limit of Rs.20.000 Millions (DP against book
debts to be restricted to Rs.5.000 Millions) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
entire chargeable current assets, both present & future, consisting of
stock in trade of Electronic & Electrical items stored/to be stored at
7679, Near Amba Cinema, Ghantaghar Shakti Nagar, Delhi - 7 and its
branches/showrooms at Ashok Vihar, Sector - 3, Rohini, Hudson Line, Mall
Road, Ashok Vihar, Phase - II, Roop Nagar, and Sector - 8, Rohini etc. Book
debts/receivables arising out of genuine transactions |
|
Particulars of
the present modification |
The charge is
modified to secure CCH limit of Rs.20.000 Millions. Interest on CCH limit
shall be charged @ 16.15% per annum (floating) on monthly rest being bank's
Base Rate + 5.50% or at such other rate (s) as may be specified by the bank
from time to time. Hypothecation of entire chargeable current assets, both
present and future, consisting of stock in trade of Electronic and Electrical
items, and book debts/receivables. Other terms and conditions remained same. |
TRADE REFERENCES:
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.52 |
|
|
1 |
Rs.85.49 |
|
Euro |
1 |
Rs.69.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.