MIRA INFORM REPORT

Report No. :	355322
Report Date :	24.12.2015

IDENTIFICATION DETAILS

Name :	HYMECH ENGINEERS PRIVATE LIMITED
Registered Office :	Plot No: 14, Road 10, MIDC, Marol Andheri (East), Mumbai - 400093, Maharashtra
Tel. No.:	91-22-28300480
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	05.01.1983
Com. Reg. No.:	11-029049
Capital Investment / Paid-up Capital :	Rs. 0.156 Million
CIN No.: [Company Identification No.]	U28100MH1983PTC029049
IEC No.:	0388019573
TAN No.: [Tax Deduction & Collection Account No.]	MUMH07028A
PAN No.: [Permanent Account No.]	AAACH5537J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Bottling Plant Machinery for Soft Drink, Juice, Water, etc. (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track record. The rating takes into consideration on company’s robust financial risk profile marked by healthy capital base, along with debt free operational profile. The ratings further take into account on company’s revenue along with good profitability margin of 16.98% during the Year under review. Trade relations are fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for business dealings 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 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 31-03-2015.

INFORMATION DECLINED BY

Name :	Ms. Rupa
Designation :	Finance Department
Contact No.:	91-22-28300480
Date :	21.12.2015

LOCATIONS

Registered Office :	Plot No: 14, Road 10, MIDC, Marol Andheri (East), Mumbai - 400093, Maharashtra, India
Tel. No.:	91-22-28300480/ 30887700/ 7724
Fax No.:	91 22 28354620
E-Mail :	hymechltd@rediffmail.com
Website :	http://www.hymech.co.in

DIRECTORS

AS ON 30.09.2015

Name :

Mr. Dinesh Shamalji Sanghrajka

Designation :

Director

Address :

501, Felicity Park,, 561, Ramkrishna Mission Marg, Khar (West), Mumbai - 400052, Maharashtra, India

Date of Birth/Age :

02.05.2001

Date of Appointment :

15.01.1983

Voter ID:

MT/08/036/522081

DIN No.:

00472743

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	U28100MH1983PTC029049	HYMECH ENGINEERS PRIVATE LIMITED	Director	02/05/2001	02/05/2001	Active	NO
2	U29195MH2004PTC144453	HYMECH BOTTLING ENGINEERS PRIVATE LIMITED	Director	10/02/2004	10/02/2004	Active	NO

Name :

Mrs. Bimal Dinesh Sanghrajka

Designation :

Director

Address :

502, Felicity Park,, 561, Ramkrishna Mission Marg,Khar (West), Mumbai - 400052, Maharashtra, India

Date of Birth/Age :

06.10.1963

Date of Appointment :

15.01.1983

Voter ID:

MT/08/036/522083

DIN No.:

00472779

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	U28100MH1983PTC029049	HYMECH ENGINEERS PRIVATE LIMITED	Director	15/01/1983	15/01/1983	Active	NO
2	U29195MH2004PTC144453	HYMECH BOTTLING ENGINEERS PRIVATE LIMITED	Director	10/02/2004	10/02/2004	Active	NO

Name :

Sharda Dinesh Sanghrajka

Designation :

Director

Address :

501, Felicity Park,, 561, Ramkrishna Mission Marg, Khar (West), Mumbai - 400052, Maharashtra, India

Date of Birth/Age :

02.06.1040

Date of Appointment :

15.01.1983

Voter ID:

MT/08/036/522082

DIN No.:

00472801

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	U28100MH1983PTC029049	HYMECH ENGINEERS PRIVATE LIMITED	Director	15/01/1983	15/01/1983	Active	NO
2	U29195MH2004PTC144453	HYMECH BOTTLING ENGINEERS PRIVATE LIMITED	Director	10/02/2004	10/02/2004	Active	NO

KEY EXECUTIVES

Name :	Ms. Rupa Ashish Jariwala
Designation :	Manager
Address :	A-1/54, Highland Park,Near Shastri Nagar, Mulund(W), Mumbai, 400082, Maharashtra, India
Date of Appointment :	12.03.2001
PAN No.:	ACVPJ4687P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2015

Names of Shareholders	No. of Shares
Sanghrajka Dinesh Bimal Jointly with Sanghrajka Bimal Kajal	375
Sanghrajka Dinesh Sharda Jointly with Sanghrajka Shamalji Dinesh	500
Sanghrajka Bimal Kajal Jointly with Sanghrajka Dinesh Bimal	175
Sanghrajka Dinesh Leena Jointly with Sanghrajka DineshSharda	10
Sanghrajka Shamalji Dinesh Jointly with Dinesh Sharda	500
Total	1560

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Bottling Plant Machinery for Soft Drink, Juice, Water, etc. (Registered Activity)
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS (AS ON 31.03.2015)

a) Licensed Capacity – Not specified

b) Installed Capacity - Not specified

Particulars	Unit	Quantity
Beverage Processing Plants and Components	Nos. Sets.	8 2
Bottle washer	Nos.	3
Bottle Warmer	Nos.	6
Conveyor	Nos. Sets. Mtr.	81 10 91
Carbonator	Nos.	14
Cooling Tunnel	Nos.	2
Filler/Crowner	Nos.	12
Filler/Capper Machine	Nos.	--
Hotmelt Labeler	Nos.	13
Lebeling Machine	Nos.	3
Rinsing/Filling/Capping M/c	Nos. Sets.	23 6
Rinser	Nos.	2
Shrink Tunnel	Nos.	1
Spare Parts	Nos. Mtrs. Fts. Ltrs. Sets. Kgs.	48186 220 352 400 834 --
Scrap	Kgs.	619156

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· State Bank of India

· State Bank of Mysore

· Citibank N.A.

· Deutsche Bank

· HDFC Bank Limited

Facilities :

--

Auditors :
Name :	Kamal Anil Kapadia and Company Chartered Accountants
Address :	817 Bombay Market Tardeo Road, 8^th Floor, Mumbai – 400034, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AEOPK6110M
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 100/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,560	Equity Shares	Rs. 100/- each	Rs. 0.156 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.156	0.156	0.156
(b) Reserves & Surplus	286.767	230.463	163.056
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	286.923	230.619	163.212
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	1.507	1.318	0.655
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1.507	1.318	0.655
(4) Current Liabilities
(a) Short term borrowings	0.000	0.513	0.613
(b) Trade payables	131.949	151.094	131.098
(c) Other current liabilities	97.908	97.431	72.990
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	229.857	249.038	204.701
TOTAL	518.287	480.975	368.568
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	31.021	29.903	22.439
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	146.100	112.500	105.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	177.121	142.403	127.439
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.197	12.119	13.682
(c) Trade receivables	47.570	46.240	24.480
(d) Cash and cash equivalents	41.697	35.994	35.446
(e) Short-term loans and advances	147.073	143.525	85.051
(f) Other current assets	100.629	100.694	82.470
Total Current Assets	341.166	338.572	241.129
TOTAL	518.287	480.975	368.568

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Revenue from Operations	307.743	322.470	262.919
		Other Income	23.684	35.482	18.676
		TOTAL (A)	331.427	357.952	281.595
Less	EXPENSES
		Cost of Materials Consumed	153.881	171.432	155.877
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	7.922	1.563	(9.756)
		Employees benefits expense	6.184	5.764	5.164
		Other expenses	74.212	82.495	71.275
		TOTAL (B)	242.199	261.254	222.560
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		89.228	96.698	59.035
Less	FINANCIAL EXPENSES (D)		0.089	0.142	0.073
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		89.139	96.556	58.962
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.213	4.186	2.902
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		84.926	92.370	56.060
Less	TAX (H)		28.622	24.963	17.626
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		56.304	67.407	38.434
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	27.287	75.358	NA
	IMPORTS
		Raw Materials	2.291	3.998	NA
	Earnings Per Share (Rs.)		36092.00	43209.00	24637.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash Generated from Operations	62.397	76.857	NA
Net Cash Flow from Operating Activities	33.963	52.557	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	18.30	20.90	14.62
Operating Profit Margin (PBDIT/Sales)	(%)	28.99	29.99	22.45
Return on Total Assets (PBT/Total Assets}	(%)	16.39	19.20	15.21
Return on Investment (ROI) (PBT/Networth)		0.30	0.40	0.34
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.48	1.36	1.18

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.156	0.156	0.156
Reserves & Surplus	163.056	230.463	286.767
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	163.212	230.619	286.923
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.613	0.513	0.000
Total borrowings	0.613	0.513	0.000
Debt/Equity ratio	0.004	0.002	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	262.919	322.470	307.743
		22.650	(4.567)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	262.919	322.470	307.743
Profit	38.434	67.407	56.304
	14.62%	20.90%	18.30%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	Yes
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90221570	24/02/1989	1,462,100.00	INDIAN BANK	BANDRA BRANCH; SHIV SADAN, 288; SV RD; BANDRA, MUMBAI - 400050, MAHARASHTRA, INDIA	-
2	90221369	07/03/1994 *	750,000.00	INDIAN BANK	BANDRA BRANCH; SHIV SADAN, 288; SV RD; BANDRA, MUMBAI - 400050, MAHARASHTRA, INDIA	-

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Loans repayable on demand
From Bank	0.000	0.513
Total	0.000	0.513

CORPORATE INFORMATION

The company is a private company limited company domiciled in India and is primarily engaged in the manufacturing of bottling plant machinery for soft drink, juice, water, etc.

STATE OF COMPANY’S AFFAIRS

During the year, the total income of the company was Rs. 307.743 million against Rs. 322.470 million in the previous year. The company has earned a profit after tax of Rs. 89.139 million compared to profit of Rs. 96.556 million in the previous year. The directors are continuously looking for avenue for future growth of the company.

FIXED ASSETS:

· Lease Hold Land

· Land at Takve

· Building

· Plant and Machinery

· Computer

· Motor Car

· Furniture and Fixture

· Refrigerator

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 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.66.20
UK Pound	1	Rs.98.30
Euro	1	Rs.72.41

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KAS
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.