MIRA INFORM REPORT
|
Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PERFECT HYDROTECH PRIVATE LIMITED |
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Registered
Office : |
B-63, Bhagwan Nagar, Ashram, New Delhi – 110014 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.03.2011 |
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Com. Reg. No.: |
55-216247 |
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Capital
Investment / Paid-up Capital : |
Rs.2.100 Millions |
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CIN No.: [Company Identification
No.] |
U29220DL2011PTC216247 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and exporter of hydraulic trade tipple, hydraulic bulk
loader, hydraulically operated material handling equipment. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 19000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of Perfect Hydraulic Services partnership concern incorporated during the year 1998 and later in the year 2011 it got converted into Perfect Hydrotech private limited. It is an established company having satisfactory track record. Reserves of the company seems to be low during 2014.However, general Financial position of the company is decent. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings at usual trade terms and conditions. NOTE: As claimed by Mr. Rajesh Dewan (Director) that the subject was established in the year 1998 as a partnership firm with the name “Perfect Hydraulic Services” and later it has been converted into “Perfect Hydrotech private limited in the year 2011. |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Rajesh Dewan |
|
Designation : |
Director |
|
Contact No.: |
91-9810196155 |
|
Date : |
03.01.2015 |
LOCATIONS
|
Registered Office : |
B-63, Bhagwan Nagar, Ashram, New Delhi – 110014, India |
|
Tel. No.: |
91-11-26342456 / 65693202 |
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Mobile No.: |
91-9810196155 (Mr. Rajesh Dewan) |
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Fax No.: |
91-11-26342456 |
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E-Mail : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
Sector A2, Plot F9, Tonika City, Loni Ghaziabad, Uttar Pradesh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Anil Kumar Mishra |
|
Designation : |
Director |
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Address : |
B-63, Bhagwan Nagar, Ashram, New Delhi – 110014, India |
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Date of Birth/Age : |
08.01.1961 |
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Date of Appointment : |
21.03.2011 |
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DIN No.: |
02738293 |
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Name : |
Mr. Rajesh Dewan |
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Designation : |
Director |
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Address : |
D-256, Anand Vihar, Delhi – 110092, India |
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Date of Birth/Age : |
06.04.1954 |
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Date of Appointment : |
21.03.2011 |
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DIN No.: |
02738300 |
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Name : |
Mr. Arti Mishra |
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Designation : |
Director |
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Address : |
63-B Ashram Jeevan Nagar, Bhagwan Nagar, Delhi – 110014, India |
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Date of Birth/Age : |
19.03.1964 |
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Date of Appointment : |
10.07.2014 |
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DIN No.: |
06921729 |
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Name : |
Mr. Rashmi Dewan |
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Designation : |
Director |
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Address : |
House No-G-44, Sohna Road South City-2, Islampur (97), Gurgaon, South
City Li, Gurgaon – 122018, Haryana, India |
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Date of Birth/Age : |
04.11.1959 |
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Date of Appointment : |
10.07.2014 |
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DIN No.: |
06921734 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Anil Kumar Mishra |
55000 |
26.19 |
|
Rajesh Narain Dass Dewan |
55000 |
26.19 |
|
Arti Mishra |
50000 |
23.81 |
|
Rajesh Suraj Dewan |
50000 |
23.81 |
|
Total |
210000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of hydraulic trade tipple, hydraulic bulk
loader, hydraulically operated material handling equipment. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
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Countries : |
Srilanka |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment |
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Purchasing : |
Cash, Advance Payment |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Puneet Mishra and Company Chartered Accountants |
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Address : |
118 b, G.F., Sector 30-33, Indraprastha Colony, Faridabad – 121003, Haryana, India |
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PAN No.: |
AAHFP9830G |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
210000 |
Equity Shares |
Rs.10/- each |
Rs.2.100 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
2.100 |
0.100 |
0.100 |
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(b) Reserves & Surplus |
1.875 |
0.903 |
0.333 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
3.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
6.975 |
1.003 |
0.433 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
4.374 |
2.490 |
3.240 |
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(b) Deferred tax liabilities (Net) |
0.187 |
0.241 |
0.126 |
|
(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) |
4.561 |
2.731 |
3.366 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
2.275 |
2.255 |
4.262 |
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(b) Trade
payables |
25.372 |
24.828 |
17.916 |
|
(c) Other
current liabilities |
3.670 |
1.407 |
4.724 |
|
(d) Short-term
provisions |
0.496 |
0.473 |
0.435 |
|
Total Current
Liabilities (4) |
31.813 |
28.963 |
27.337 |
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TOTAL |
43.349 |
32.697 |
31.136 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
3.275 |
3.968 |
5.008 |
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(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.605 |
1.305 |
0.475 |
|
(e) Other
Non-current assets |
0.013 |
0.025 |
0.038 |
|
Total Non-Current
Assets |
4.893 |
5.298 |
5.521 |
|
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(2) Current
assets |
|
|
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|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7.719 |
1.569 |
1.286 |
|
(c) Trade
receivables |
27.692 |
23.386 |
19.608 |
|
(d) Cash
and cash equivalents |
0.675 |
0.634 |
3.281 |
|
(e) Short-term
loans and advances |
0.444 |
0.090 |
0.090 |
|
(f) Other
current assets |
1.926 |
1.720 |
1.350 |
|
Total
Current Assets |
38.456 |
27.399 |
25.615 |
|
|
|
|
|
|
TOTAL |
43.349 |
32.697 |
31.136 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
54.457 |
59.046 |
|
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|
|
Other Income |
2.546 |
1.531 |
|
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TOTAL |
57.003 |
60.577 |
55.446 |
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|
DEPRECIATION/
AMORTISATION |
|
1.237 |
1.268 |
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|
PROFIT/(LOSS)
BEFORE TAX |
|
1.158 |
0.894 |
|
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TAX |
NA |
0.474 |
0.435 |
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PROFIT/(LOSS)
AFTER TAX |
|
0.570 |
0.333 |
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Earnings Per
Share (Rs.) |
-- |
-- |
-- |
|
Expected Sales (2014-2015): Rs.60.000 Millions
The above information has been parted by Mr Rajesh Dewan (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
NA
|
0.97 |
NA
|
|
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
3.54 |
2.87 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
1.15 |
2.06 |
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|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.95 |
4.73 |
17.33 |
|
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|
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
0.95 |
0.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.100 |
0.100 |
2.100 |
|
Reserves & Surplus |
0.333 |
0.903 |
1.875 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
3.000 |
|
Net
worth |
0.433 |
1.003 |
6.975 |
|
|
|
|
|
|
long-term borrowings |
3.240 |
2.490 |
4.374 |
|
Short term borrowings |
4.262 |
2.255 |
2.275 |
|
Total
borrowings |
7.502 |
4.745 |
6.649 |
|
Debt/Equity
ratio |
17.326 |
4.731 |
0.953 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
55.446 |
60.577 |
57.003 |
|
|
|
9.254 |
(5.900) |
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 |
No |
|
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 |
No |
|
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] |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loan and advances from related parties |
|
|
|
Anil Kumar Mishra |
0.000 |
0.119 |
|
Rakesh Aggrawal |
2.426 |
0.000 |
|
Rajesh Dewan |
0.317 |
0.387 |
|
Rashmi Dewan |
0.500 |
0.000 |
|
|
|
|
|
Total |
3.243 |
0.506 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10343866 |
21/10/2014 * |
8,500,000.00 |
ORIENTAL BANK OF COMMERCE |
DELHI-SAHARANPUR ROAD, LONI, LONI, UTTAR PRADESH - 201102, INDIA |
C35987023 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.63.28 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
44 |
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.