1. Summary Information
|
|
|
Country |
India |
|
Company Name |
HI-TECH SYSTEMS PFE PRIVATE LIMITED |
Principal Name 1 |
Mr. Parag Shubhas Shah |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Bina Parag Shah |
|
|
|
Registration # |
11-232060 |
|
Street Address |
18,
Ground Floor, Roopkala Chs. Limited, 128, West Avenue, Santacruz West, Mumbai
– 400054, Maharashtra, India |
||
|
Established Date |
12.06.2012 |
SIC Code |
-- |
|
Telephone# |
91-22-40049889 |
Business Style 1 |
Trader |
|
Fax # |
91-22-40049881 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Cutter |
|
|
# of employees |
16 (Approximately) |
Product Name 2 |
Binders |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
Roll Laminators |
|
Shareholders |
|
Banking |
Syndicate Bank |
|
Public Limited Corp. |
NO |
Business Period |
3 Months |
|
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 |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
22,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) (HITECH SYSTEMS) |
32,000,000 |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HI-TECH SYSTEMS PFE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18, Ground Floor, Roopkala Chs. Limited, 128, West Avenue,
Santacruz West, Mumbai – 400054, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
12.06.2012 |
|
|
|
|
Com. Reg. No.: |
11-232060 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2012PTC232060 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Post Press Machines. |
|
|
|
|
No. of Employees
: |
16 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as proprietory concern with the name of
“Hitech Systems” in the year 1989 and got converted in to private limited in
the year 2012. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. 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 – 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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 PARTED BY
|
Name : |
Mr. Parag Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-40049889 |
|
Date : |
08.09.2012 |
LOCATIONS
|
Registered Office : |
18, Ground Floor, Roopkala Chs. Limited, 128, West Avenue,
Santacruz West, Mumbai – 400054, Maharashtra, India |
|
Tel. No.: |
91-22-40049889 |
|
Fax No.: |
91-22-40049881 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 Sq. Ft. |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
226, Jayawant Industrial Estate, Opposite Mc Donald’s, Tardeo, Mumbai
– 400034, Maharashtra, India |
|
Area : |
400 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Sales Office : |
243 A2, Shah and Nahar Industrial
Estate, Dhanraj Mill Compound, Lower Parel (West), Mumbai 400013,
Maharashtra, India |
|
|
|
|
Branch Office : |
Located at ·
Chennai ·
Bangalore ·
New Delhi |
DIRECTORS
As on 25.05.2012
|
Name : |
Mr. Parag Shubhas Shah |
|
Designation : |
Director |
|
Address : |
Roopkala Co-Operative Society Limited, Flat No.18, 128 West Avenue, Santacruze
(West), Mumbai – 400054, Maharashtra, India
|
|
Date of Birth/Age : |
04.05.1963 |
|
Date of Appointment : |
12.06.2012 |
|
DIN No.: |
00964487 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200MH1997PTC112425 |
HI-TECH
TELESYSTEMS PRIVATE LIMITED |
Director |
12/12/1997 |
12/12/1997 |
Active |
|
|
2 |
U74900MH2012PTC232060 |
HI-TECH
SYSTEMS PFE PRIVATE LIMITED |
Director |
12/06/2012 |
12/06/2012 |
Active |
NO |
|
Name : |
Mrs. Bina Parag Shah |
|
Designation : |
Director |
|
Address : |
Roopkala Co-Operative Society Limited, Flat No.18, 128 West Avenue,
Santacruze (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1962 |
|
Date of Appointment : |
12.06.2012 |
|
DIN No.: |
01450134 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200MH1997PTC112425 |
HI-TECH
TELESYSTEMS PRIVATE LIMITED |
Director |
12/12/1997 |
12/12/1997 |
Active |
|
|
2 |
U74900MH2012PTC232060 |
HI-TECH
SYSTEMS PFE PRIVATE LIMITED |
Director |
12/06/2012 |
12/06/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.05.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Parag Shubhas Shah |
|
4000 |
|
Bina Parag Shah |
|
6000 |
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Post Press Machines. |
|
|
|
|
Products : |
·
Cutter ·
Binders ·
Roll Laminators ·
Foil Fuser ·
Photo Album Making Machine ·
Creasing Perforation ·
Booklet Maker ·
Eye Letting (Punch and Bind) ·
Folding Machines ·
UV Coater ·
Automatic Album Binding Machine |
|
|
|
|
Exports : |
|
|
Products : |
Post Press Machines |
|
Countries : |
Africa |
|
|
|
|
Imports : |
|
|
Products : |
Post Press Machines |
|
Countries : |
·
Korea ·
China ·
Europe ·
US ·
Taiwan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Bacciottini Gwap, Italy |
|
|
|
|
Customers : |
End Users and Others (Dealers) ·
SRK Creatives Private Limited, Mumbai ·
Bansals ·
Caps Digital Prints ·
Sapphire
Digital Printers ·
DigiGo ·
GLO Digital Press ·
Kama;a;aya ·
Kay Dee Studios ·
Sir Speedy India ·
Klick ·
Laxmi ·
MS Grafix ·
The Manipal Group ·
Navin Digitech Private Limited ·
Vibgyor Color Lab ·
Zoom Digital ·
Perfect ·
Printo ·
Print on Demand ·
Reliable Moonlight |
|
|
|
|
No. of Employees : |
16 (Approximately) |
|
|
|
|
Bankers : |
Syndicate Bank, Tardeo, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Parekh Joshi Chartered Accountant |
|
Address : |
Bandra, Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
As on 25.05.2012
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]
|
Particulars |
|
31.03.2012 |
31.03.2011 (HITECH SYSTEMS) |
|
Sales Turnover (Approximately) |
|
22.000 |
32.000 |
Expected Sales (2012-2013) : Rs.50.000 Millions
The above information has been parted by Mr. Parag Shah.
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
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 |
TRADE REFERENCES:
·
Bacciottini Gwap, Italy
·
SRK Creatives Private Limited, Mumbai
PRESS RELEASE:
HI-TECH CROSSES 250 INSTALLATIONS
2011-01-28
Hi-Tech Systems have crossed 250 installations in less than 18 months time. Customer list includes names viz. Sir Speedy, Patel Digital, PODS (Print on demand services), Manipal Press, SRK etc.
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.55.34 |
|
|
1 |
Rs.88.50 |
|
Euro |
1 |
Rs.70.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.