MIRA INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
HPM CHEMICALS AND FERTILIZERS LIMITED |
|
|
|
|
Formerly Known
As : |
HIM PULVERISING MILLS LIMITED |
|
|
|
|
Registered
Office : |
209-210, Anupam Bhawan, Azadpur Commercial Compelx, Azadpur,
Delhi-110033 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.06.1985 |
|
|
|
|
Com. Reg. No.: |
55-021149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15313DL1985PLC021149 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in the manufacturing activities of Agro Chemicals, pesticides and
technical products for agriculture purposes and trading of fertilizers. The
Company caters to both domestic and international markets. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2235000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Sales and profit of the company has increased in 2012. Overall financial performance of the company appears to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled to
be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB+ (Fund Based Long Term Facilities) |
|
Rating Explanation |
Moderate credit quality and average credit risk. |
|
Date |
July 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A2 (Non Fund Based Short Term Facilities) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
July 2013 |
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.
LOCATIONS
|
Registered Office / Head Office : |
209-210, Anupam Bhawan, Azadpur Commercial Compelx, Azadpur,
Delhi-110033, India |
|
Tel. No.: |
91-11-45071800-899 |
|
Fax No.: |
91-11-27681800 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Samba Factory
(Unit-1) :
Industrial Growth Center, Samba- 184121, Jammu and Kashmir, India |
|
|
|
|
Factory 2 : |
Khuskhera Factory
Unit-1/3:
SP-9D, RIICO Industrial Area, |
|
|
|
|
Warehouse : |
Located At
|
|
|
|
|
Branch Office / Depot : |
Located At
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Nikhil Aggarwal |
|
Designation : |
Director – Marketing |
|
Address : |
BT-30, Shalimar Bagh, |
|
Date of Birth/Age : |
24.05.1978 |
|
Date of Appointment : |
27.08.2001 |
|
PAN No.: |
AALPA5437C |
|
DIN No.: |
00206865 |
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 |
U15313DL1985PLC021149
|
HPM CHEMICALS
AND FERTILIZERS LIMITED |
Managing
director |
01/04/2011 |
27/08/2001 |
Active |
NO |
|
2 |
U24129DL1998PLC091628
|
HINDUSTAN KRISHI
BIO-TECH LIMITED |
Director |
26/08/2002 |
26/08/2002 |
Active |
NO |
|
3 |
U24211DL2003PLC121287
|
HPM CROP SCIENCE
LIMITED |
Director |
14/07/2003 |
14/07/2003 |
Active |
NO |
|
4 |
U24211DL2008PTC182300
|
SHRISONS CROP SOLUTIONS
PRIVATE LIMITED |
Director |
22/08/2008 |
22/08/2008 |
Active |
NO |
|
Name : |
Mr. Ashok Kumar Aggarwal |
|
Designation : |
Managing Director |
|
Address : |
BT-30, Shalimar Bagh, |
|
Date of Birth/Age : |
11.09.1953 |
|
Date of Appointment : |
01.12.1990 |
|
PAN No.: |
ADQPA1913P |
|
DIN No.: |
01147859 |
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 |
U15313DL1985PLC021149
|
HPM CHEMICALS
AND FERTILIZERS LIMITED |
Managing
director |
01/04/2011 |
01/12/1990 |
Active |
NO |
|
2 |
U24211DL2003PLC121287
|
HPM CROP SCIENCE
LIMITED |
Director |
14/07/2003 |
14/07/2003 |
Active |
NO |
|
3 |
U24129DL1998PLC091628
|
HINDUSTAN KRISHI
BIO-TECH LIMITED |
Director |
01/08/2009 |
01/08/2009 |
Active |
NO |
|
Name : |
Mr. Gopi Ram Agarwal |
|
Designation : |
Director |
|
Address : |
Sector No.2, House No.18, R H B Bhiwadi-301019, Rajasthan, India |
|
Date of Birth/Age : |
20.05.1962 |
|
Date of Appointment : |
20.12.2010 |
|
DIN No.: |
03391547 |
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 |
U24211DL2003PLC121287
|
HPM CROP SCIENCE
LIMITED |
Director |
18/12/2010 |
18/12/2010 |
Active |
NO |
|
2 |
U15313DL1985PLC021149
|
HPM CHEMICALS
AND FERTILIZERS LIMITED |
Whole-time
director |
01/04/2011 |
20/12/2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Akhil Kansal |
|
Designation : |
Company Secretary |
|
Address : |
D/1/167, 2nd Floor, Sector-11, Rohoni, New Delhi-110085,
India |
|
Date of Birth/Age : |
01.04.1976 |
|
Date of Appointment : |
11.10.2001 |
|
PAN No.: |
ALJPK8445M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Santosh Aggarwal |
121790 |
|
Nikhil Aggarwal |
126284 |
|
Arun Kr. Goel |
11 |
|
Ashok Aggarwal |
206722 |
|
Niti Aggarwal |
625 |
|
Gopi Ram Aggarwal |
23 |
|
Hindustan Krishi Bio-Tech Limited, India |
44545 |
|
TOTAL
|
500000 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
8.90 |
|
Directors or relatives of Directors |
91.10 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing activities of Agro Chemicals,
pesticides and technical products for agriculture purposes and trading of fertilizers.
The Company caters to both domestic and international markets. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mohit Parekh and Company Chartered Accountant |
|
Address : |
572, 2nd Floor, Gandhi Cloth Market, Chandni Chowk,
Delhi-110006, India |
|
PAN No.: |
AAHPP2532M |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
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 |
|
50.000 |
44.000 |
|
(b) Reserves & Surplus |
|
508.913 |
345.747 |
|
(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) |
|
558.913 |
389.747 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
95.633 |
75.862 |
|
(b) Deferred tax liabilities (Net) |
|
1.302 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
5.154 |
3.513 |
|
Total Non-current
Liabilities (3) |
|
102.089 |
79.375 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
819.858 |
352.031 |
|
(b) Trade
payables |
|
140.828 |
196.489 |
|
(c) Other
current liabilities |
|
209.723 |
140.096 |
|
(d) Short-term
provisions |
|
55.607 |
47.897 |
|
Total Current
Liabilities (4) |
|
1226.016 |
736.513 |
|
|
|
|
|
|
TOTAL |
|
1887.018 |
1205.635 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
196.867 |
165.680 |
|
(ii)
Intangible Assets |
|
4.629 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.096 |
12.877 |
|
(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 |
|
7.777 |
9.300 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
209.369 |
187.857 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
1.909 |
0.000 |
|
(b)
Inventories |
|
661.700 |
553.431 |
|
(c) Trade
receivables |
|
648.864 |
347.523 |
|
(d) Cash
and cash equivalents |
|
121.272 |
54.654 |
|
(e)
Short-term loans and advances |
|
33.003 |
56.272 |
|
(f) Other
current assets |
|
210.901 |
5.898 |
|
Total
Current Assets |
|
1677.649 |
1017.778 |
|
|
|
|
|
|
TOTAL |
|
1887.018 |
1205.635 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
44.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
213.159 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
257.159 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
222.132 |
|
|
2] Unsecured Loans |
|
|
9.824 |
|
|
TOTAL BORROWING |
|
|
231.956 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
489.115 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
115.515 |
|
|
Capital work-in-progress |
|
|
40.584 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
384.665 |
|
|
Sundry Debtors |
|
|
220.144 |
|
|
Cash & Bank Balances |
|
|
40.601 |
|
|
Other Current Assets |
|
|
16.891 |
|
|
Loans & Advances |
|
|
40.486 |
|
Total
Current Assets |
|
|
702.787 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
197.326 |
|
|
Other Current Liabilities |
|
|
160.478 |
|
|
Provisions |
|
|
11.967 |
|
Total
Current Liabilities |
|
|
369.771 |
|
|
Net Current Assets |
|
|
333.016 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
489.115 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2690.752 |
1883.756 |
1600.261 |
|
|
|
Other Income |
9.323 |
14.819 |
18.387 |
|
|
|
TOTAL (A) |
2700.075 |
1898.575 |
1618.648 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
1207.898 |
974.147 |
|
|
|
|
Purchase of Stock In Trade |
446.182 |
52.907 |
|
|
|
|
Employee benefits expenses |
100.985 |
80.912 |
|
|
|
|
Other Expenses |
737.434 |
684.962 |
|
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
(124.611) |
(127.637) |
|
|
|
|
TOTAL (B) |
2367.888 |
1665.291 |
1530.330 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
332.187 |
233.284 |
88.318 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
89.792 |
34.306 |
24.358 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
242.395 |
198.978 |
63.960 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.247 |
18.544 |
13.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
221.148 |
180.434 |
50.420 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
51.983 |
47.846 |
8.814 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
169.165 |
132.588 |
41.606 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
365.76 |
301.34 |
2.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.27
|
6.98 |
2.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.22
|
9.58 |
3.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.72
|
15.13 |
6.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.46 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.64
|
1.10 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.38 |
1.90 |
LOCAL AGENCY FURTHER INFORMATION
|
COURT CASE IN THE HIGH
COURT OF DELHI AT NEW DELHI CS(OS) 1901/2013 E.I. DUPONT INDIA PRIVATE LIMITED.....
Plaintiff Through Mr. Chander M. Lall, Ms.Ekta Sarin
and Ms. Jyotideep Kaur, Advocate Versus HPM CHEMICALS and FERTILIZERS and ORS.....
Defendants Through Mr. Kamal Garg, Advocate for D-1. CORAM: HON'BLE MR. JUSTICE JAYANT NATH ORDER 30.09.2013 IA No. 15786/2013 (for exemption) Exemption is allowed subject to just
exceptions CS(OS) No. 1901/2013 Plaint be registered as Suit Issue Summons to the defendants by
Ordinary Process and Speed Post, returnable for 11.10.2013 Learned counsel appearing for defendant No.
1 accepts summons. Complete set of paper book be supplied to the learned
counsel for defendant No. 1. He may file his written statement within the
prescribed period. IA No.15785/2013 (O.39 R.1 and 2 CPC) This is an application under Order 39 Rule 1
and 2 CPC for grant of ex parte ad interim injunction. Issue notice to the defendants by
Ordinary Process and Speed Post, returnable for 11.10.2013. Learned counsel appearing for
defendant No. 1 accepts notice. In the accompanying plaint, it is stated
that the plaintiff is the registrant of an insecticide known as
CHLORANTRANILIPROLE (CRPR) under the Insecticides Act, 1968. It is further
stated that plaintiff markets In view of the above, let defendant No. 1
file a reply to the present application within one week from today
stating the chemical composition of its insecticide indicating whether
it contains active ingredients of CTPR. It is clarified that this
application for stay will be heard on that date. JAYANT NATH, J SEPTEMBER 30, 2013/rb |
|
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 |
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 |
Yes |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Deposits form Others |
95.633 |
75.862 |
|
Short Term
Borrowings |
|
|
|
Loans and Advances from Others |
426.793 |
57.220 |
|
|
|
|
|
TOTAL |
522.426 |
133.082 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10428182 |
19/08/2013 * |
959,400,000.00 |
State Bank of India |
SME Branch, Town Hall,, Chandni Chowk,,
New Delhi, Delhi - 110006, India |
B84782143 |
|
* Date of charge modification |
||||||
CORPORATE
INFORMATION
Subject is a
public company domiciled in India and incorporated under the provisions of the Companies
Act, 1956. Its shares are not listed. The Company is engaged in the
manufacturing activities of Agro Chemicals, pesticides and technical products
for agriculture purposes and trading of fertilizers. The Company caters to both
domestic and international markets.
OPERATIONS
During the period
the Company has achieved a growth of 41.80 % in the sales revenue as compared
to the previous year. Significant improvement and growth in business operation
has been achieved by meticulous planning with the integration of feedback from
the base level, market analysis inputs and insights. The hard work, dedication,
high motivation and focus on parts of all members of the company has been the
impelling factor for achieving a growth of 25% of growth in business. By
implementing SAP and networking all branches, factories and offices, the
Company has integrated and provided real time information to facilitate quick
and right decisions. Various reports on sales and procurement on a time scale
help to take major business decisions. The wise and scientific mapping of
entire business process has helped a lot to standardize and improve the
operational processes, provided control mechanisms through sophisticated checks
and balances, minimize duplication and reduce losses. Implementing SAP, HPM in
real sense has taken a giant leap towards its goal to lead the industry as a
most disciplined and dedicated corporate house.
REVIEW AND
PRODUCTION
They have achieved
significant breakthrough in developing new formulation technology for SC
formulation, which has also contributed to the growth in production.
Development of natural adjuvants for pesticide formulations is another
achievement to cite and commend the efforts of their R and D. Further the
company has erected the new technical plant for the manufacture of the
Technical Grade Pesticides and the company is started commercial production
QUALITY REVIEW
HPM has its
reputation as a quality conscious company always thriving for best of quality
products and services. The company has recently been re-certified for ISO 9001:
2000 its all branches and units by the TUV CERT Certification Body of RWTUV
Systems GmbH for another three years HPM’s commitment to quality and its
reputation can be visualized by the mere fact that each and every household in
rural farming community is familiar with HPM and its products. Adopting HPM’s
product by crores of farmers’ across the country is further indicative of very
high level of farmers’ satisfaction both in terms of quality and the
cost-benefit ratio. In fact adherence to its quality standards and maintaining
goodwill among its stakeholders has always remain the top priority for HPM.
More than 2100 samples of various batches of their products have been checked
by the authorities last year. Maintaining the trend of the past, during his
year also they have an impeccable record of almost perfection during these
checks with their products conforming to all parameters.
FIXED ASSETS
- Land
- Buildings
- Plant and
equipment
- Factory
equipments
- Furniture and
fixtures
- Vehicles
- Motor
vehicles
- Office
equipment
- Computer
equipments
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 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. 61.48 |
|
UK Pound |
1 |
Rs. 99.40 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.