MIRA INFORM REPORT

Report Date :

20.07.2013

IDENTIFICATION DETAILS

Name :	HYDROMECH AUTOMAciTION PRIVATE LIMITED
Registered Office :	WZ-3158-A, Mahendra Park, Rani Bagh, New Delhi – 110 034
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	13.08.1985
Com. Reg. No.:	55-021770
Capital Investment / Paid-up Capital :	Rs.0.482 Million
CIN No.: [Company Identification No.]	U74899DL1985PTC021770
IEC No.:	0501031553
TAN No.: [Tax Deduction & Collection Account No.]	DELH01779B
PAN No.: [Permanent Account No.]	AAACH2374P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers and Suppliers of Hydraulic Valves, Pumps, Pneumatic Valves, Cylinder and Presses/Power Packs.
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 6000
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities is limited. Trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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.

INFORMATION PARTED BY

Name :	Mr. Surrender
Designation :	Sales Executive
Contact No.:	91-9313777401
Date :	18.07.2013

LOCATIONS

Registered / Head Office :	WZ-3158-A, Mahendra Park, Rani Bagh, New Delhi – 110 034, India
Tel. No.:	91-11-27014283/ 20083198
Mobile No.:	91-9311777401 (Mr. Surinder)
Fax No.:	91-11-27034552/ 27014283
E-Mail :	vmanda@rediffmail.com hydroautomation@indiatimes.com to_rajminhas@yahoo.co.in
Website :	www.hydroulics-india.com
Area :	100 Sq. ft.
Location :	Owned
Factory :	Jaipur – Delhi National Highway Road (NH 8), Village-Pawta, Tehsil Kotputli, (Near Telephone Exchange), District Jaipur, Rajasthan, India
Fax No.:	91-1421-243418
Area :	1200 Sq. ft.
Location :	Owned

DIRECTORS

AS ON 28.09.2012

Name :

Mr. Dheer Singh Tanwar

Designation :

Director

Address :

3158 – A, Mahindra Park, Shakur Basti, Delhi – 110 034, India

Date of Birth/Age :

11.03.1955

Qualification :

D. Tech

Date of Appointment :

13.08.1985

DIN No.:

00334647

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	U74899DL1985PTC021770	HYDROMECH AUTOMACITION PRIVATE LIMITED	Director	13/08/1985	13/08/1985	Active	NO
2	U15532RJ2003PTC018428	RAJSHREE HERITAGE LIQUOR MEHANSAR PRIVATE LIMITED	Director	11/7/2003	11/7/2003	Active	NO
3	U45201RJ2006PTC023483	RAJVEER BUILDCON PRIVATE LIMITED	Director	19/12/2006	19/12/2006	Active	YES

Name :

Mrs. Sunita Rani

Designation :

Director

Address :

3158 – A, Mahindra Park, Shakur Basti, Delhi – 110 034, India

Date of Birth/Age :

27.07.1976

Date of Appointment :

01.04.1996

DIN No.:

00334668

Name :

Mr. Virender Singh Tanwar

Designation :

Director

Address :

WZ - 3158 – A, Mahindra Park, Shakur Basti, Delhi – 110 034, India

Date of Birth/Age :

06.06.1978

Qualification :

B.Com.

Date of Appointment :

03.08.1998

DIN No.:

00334705

KEY EXECUTIVES

Name :	Mr. Surrender
Designation :	Sales Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Dheer Singh Tanwar	1810
Praveen Gupta	10
Supyar Devi	400
Sunita Rani	1250
Virender Singh Tanwar	1350
TOTAL	4820

AS ON 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	99.80
Other top fifty shareholders	0.20
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers and Suppliers of Hydraulic Valves, Pumps, Pneumatic Valves, Cylinder and Presses/Power Packs.
Products :	Hydraulic Moulding Press v Rubber Compression Moulding Press v Rubber Injection Moulding Press v Hydraulic Bakelite/Plywood Press v Hydraulic Press Brakes v Hydraulic Vacuum Compression v Hydraulic Pillar Type Press Hydraulic Presses for Other Purpose v Hydraulic Press v C-Frame Hydraulic Press v Hydraulic Powder Compacting Presses v Hydraulic Thimble Presses v Hydraulic Power Pack v Hydraulic Special Purpose Machine Hydraulic Press for Sheet Metal v Hydraulic Shearing Machines v Hydraulic Deep Draw Press Hydraulic Bailing Press v Single Action Hydraulic Bailing Press v Double Action Hydraulic Bailing Press v Triple Action Hydraulic Bailing Press v Hydraulic Forging Plants Hydraulic Cylinders
Exports :
Products :	Hydraulic Valves, Pumps, Pneumatic Valves, Cylinder and Presses/Power Packs
Countries :	Middle East Poland Australia
Terms :
Selling :	L/C / Cash and Credit
Purchasing :	L/C / Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

30 (Approximately)

Bankers :

• ICICI Bank, Rani Bagh, New Delhi, India
• HDFC Bank
• Bank of Rajasthan

Facilities :

Secured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
Term Loans
Term Loan From Banks	0.539	0.874
Short Term Borrowings
Loans Repayable on Demand
Cash Credit From Bank* [Secured by first charge by way of hypothecation of the present and future inventory of all kinds, book debts]	0.000	0.011
TOTAL	0.539	0.885
Unsecured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Short Term Borrowings
Loans and Advances From Related Parties	3.074	2.512
TOTAL	3.074	2.512

Banking Relations :	--
Auditors :
Name :	B. Jain and Associates Chartered Accountants
Address :	F-3, 2^nd Floor, Ramesh Marg, C – Scheme, Jaipur – 302 001, Rajasthan , India
Tel. No.:	91-141-2372228/2372229
Mobile No.:	91-9828016260
PAN No:	AAAFB7062P

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4820	Equity Shares	Rs.100/- each	Rs.0.482 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.482	0.482
(b) Reserves & Surplus	1.127	0.998
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1.609	1.480
(3) Non-Current Liabilities
(a) long-term borrowings	0.539	0.874
(b) Deferred tax liabilities (Net)	0.011	0.011
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.550	0.885
(4) Current Liabilities
(a) Short term borrowings	3.074	2.523
(b) Trade payables	0.588	1.039
(c) Other current liabilities	1.504	3.105
(d) Short-term provisions	0.442	0.362
Total Current Liabilities (4)	5.608	7.029
TOTAL	7.767	9.394
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.661	1.700
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1.661	1.700
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	2.084	4.850
(c) Trade receivables	1.382	1.121
(d) Cash and cash equivalents	0.380	0.676
(e) Short-term loans and advances	2.230	1.047
(f) Other current assets	0.030	0.000
Total Current Assets	6.106	7.694
TOTAL	7.767	9.394

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.482
2] Share Application Money		0.000
3] Reserves & Surplus		0.875
4] (Accumulated Losses)		0.000
NETWORTH		1.357
LOAN FUNDS
1] Secured Loans		0.626
2] Unsecured Loans		2.487
TOTAL BORROWING		3.113
DEFERRED TAX LIABILITIES		0.011
TOTAL		4.481
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.613
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.548
	Sundry Debtors	2.998
	Cash & Bank Balances	0.593
	Other Current Assets	0.000
	Loans & Advances	3.281
Total Current Assets		10.420
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.321
	Other Current Liabilities	1.957
	Provisions	0.274
Total Current Liabilities		6.552
Net Current Assets		3.868
MISCELLANEOUS EXPENSES		0.000
TOTAL		4.481

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	14.123	11.600	9.872
		Other Income	0.325 (Inducing Accretion/ Decretion of Stock)	1.331 (Inducing Accretion/ Decretion of Stock)	0.004
		TOTAL (A)	14.448	12.931	9.876
Less	EXPENSES
		Materials Cost			6.109
		Operating Expenses	13.887	12.503	3.276
		Employees Cost			0.872
		Administrative & Selling Expenses			0.535
		Accretion/ Decretion of Stock			(1.440)
		TOTAL (B)	13.887 [Inducing Financial Expenses]	12.503 [Inducing Financial Expenses]	9.352
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)				0.524
Less	FINANCIAL EXPENSES (D)				0.107
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.561	0.428	0.417
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.353	0.253	0.210
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		0.208	0.175	0.207
Less	TAX (H)		0.336	0.052	0.064
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		0.128	0.123	0.143
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.998	0.875	0.732
	BALANCE CARRIED TO THE B/S		1.126	0.998	0.875
	EARNINGS IN FOREIGN CURRENCY
		FOB value of Goods Exported	NA	0.792	Nil
	Earnings / (Loss) Per Share (Rs.)		26.55	25.60	29.50

Particulars	31.03.2013
Sales Turnover [Approximately]	15.000

Expected Sales (2013-14) : Rs.16.000 Millions.

The above information has been parted by Mr. Surrender.

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.89	0.95	1.45
Net Profit Margin (PBT/Sales)	(%)	1.47	1.51	2.10
Return on Total Assets (PBT/Total Assets}	(%)	2.67	1.86	1.88
Return on Investment (ROI) (PBT/Networth)		0.13	0.12	0.15
Debt Equity Ratio (Total Debt/Networth)		2.25	0.23	7.12
Current Ratio (Current Asset/Current Liability)		1.09	1.09	1.59

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 three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
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	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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

NOTE:

The registered office of the company has been shifted from I - 6 DSIDC Complex, Nagloi, New Delhi-110041, India to the present address w.e.f.01.03.2007.

OPERATIONS:

The company has achieved sales of Rs.14.400 Millions in comparison to last year’s sales of Rs.11.600 Millions. The directors are hopeful to achieve better performance in future. The company also made export and looking for making more efforts for participating in export markets.

FIXED ASSETS:

• Machinery
• Car
• Generator
• Computer
• Motor Cycle
• Balero Car
• Xylo Car
• Office Equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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] 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.59.79
UK Pound	1	Rs.91.03
Euro	1	Rs.78.52

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	4
--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	YES
--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
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.