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MIRA INFORM REPORT
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Report No. : |
483758 |
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Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HARIOM COMMUNICATION LLP |
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Registered
Office : |
Office No.303, Third Floor, Amrut Commercial Centre, Sardar Nagar, Main Road, Rajkot – 360001, Gujarat |
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Mobile No.: |
91-9979444444 (Mr. Rahil Yogeshbhai Pujara) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
06.02.2015 |
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Capital
Investment / Paid-up Capital : |
INR 15.000 Million |
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LLPIN: |
AAD-3265 |
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IEC No.: |
Not Divulged |
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GSTIN/UIN : |
Not Divulged |
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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 : |
Limited Liability Partnership |
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Line of Business
: |
Manufacturer
of radio, television and communication equipment and apparatus. [Registered
Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Limited Liability Partnership firm established in the
year 2015. It is a manufacturer
of radio, television and communication equipment and apparatus. For the financial
year 2017, the subject has achieved a massive growth in its revenue as
compared to the previous year and has reported a low profitability margin of
0.41%. The company possesses satisfactory financial position marked by
sufficient capital base along with comfortable debt balance sheet profile. Business is active. Payments are reported to be usually correct. In view of aforesaid, the subject can be considered for business
dealings at usual trade terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 02.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Rahil Yogeshbhai Pujara |
|
Designation : |
Designated Partner |
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Contact No.: |
91-9979444444 |
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Date : |
29.12.2017 |
LOCATIONS
|
Registered Office : |
Office No.303, Third Floor, Amrut Commercial Centre, Sardar Nagar, Main Road, Rajkot – 360001, Gujarat, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9979444444 (Mr. Rahil Yogeshbhai Pujara) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Locality : |
Commercial |
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Yogeshbhai Laxmidas Pujara |
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Designation : |
Designated Partner |
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Address : |
Guru Om, 2- Kotecha Nagar, Kalawad Road, Rajkot - 360001, Gujarat,
India |
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Date of Birth/Age : |
03.01.1962 |
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Date of Appointment : |
06.02.2015 |
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DPIN No.: |
00108757 |
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Name : |
Mrs. Ritaben Yogeshbhai Pujara |
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Designation : |
Designated Partner |
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Address : |
Guru Om, 2, Kotecha Nagar, Kalawad Road, Rajkot - 360001, Gujarat,
India |
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Date of Birth/Age : |
18.03.1967 |
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Date of Appointment : |
06.02.2015 |
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DPIN No.: |
00275657 |
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|
|
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Name : |
Mr. Rahil Yogeshbhai Pujara |
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Designation : |
Designated Partner |
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Address : |
Guru Om, 2-Kotecha Nagar, Kalawad Road - 360001, Gujarat, India |
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|
16.03.1990 |
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Date of Appointment : |
06.02.2015 |
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DPIN No.: |
02137952 |
OBLIGATION DETAILS
AS ON 31.03.2017
|
Particulars |
|
Amount in
Million |
|
Rahil Yogeshbhai Pujara |
|
6.000 |
|
Ritaben Yogeshbhai Pujara |
|
4.500 |
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Yogeshbhai Laxmidas Pujara |
|
4.500 |
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Total |
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15.000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
of radio, television and communication equipment and apparatus. [Registered
Activity] |
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Products / Services
: |
·
Radio ·
Television and Communication Equipment and Apparatus |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Total obligation of
contribution: INR 15.000 Million
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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EQUITY AND LIABILITIES |
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1] Contribution received |
15.000 |
15.000 |
15.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
(0.246) |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
15.000 |
15.000 |
14.754 |
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LOAN FUNDS |
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1] Secured Loans |
5.883 |
0.000 |
0.000 |
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2] Unsecured Loans |
125.704 |
11.916 |
7.524 |
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TOTAL
BORROWING |
131.587 |
11.916 |
7.524 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
146.587 |
26.916 |
22.278 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
53.473 |
7.302 |
7.024 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
10.000 |
10.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
162.884 |
22.779 |
0.000 |
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Sundry Debtors |
2.118 |
9.577 |
0.000 |
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Cash & Bank Balances |
158.995 |
9.177 |
8.029 |
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Other Current Assets |
19.843 |
5.641 |
7.205 |
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Loans & Advances |
22.613 |
1.175 |
0.020 |
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Total Current Assets |
366.453 |
48.349 |
15.254 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Sundry Creditors |
74.999 |
(19.954) |
0.000 |
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Other Current Liabilities |
208.340 |
58.689 |
0.000 |
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Provisions |
0.000 |
0.000 |
0.000 |
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Total Current Liabilities |
283.339 |
38.735 |
0.000 |
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Net Current
Assets |
83.114 |
9.614 |
15.254 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
146.587 |
26.916 |
22.278 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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SALES |
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Income |
6469.527 |
1254.984 |
0.000 |
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Other Income |
5.629 |
1.542 |
0.000 |
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TOTAL |
6475.156 |
1256.526 |
0.000 |
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Less |
EXPENSES |
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Purchases made for re-sale |
5594.792 |
1141.195 |
0.000 |
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Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(140.105) |
(22.778) |
0.000 |
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Personnel Expenses |
449.495 |
75.736 |
0.000 |
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Administrative expenses |
487.564 |
42.448 |
0.000 |
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Payment to auditors |
0.067 |
0.067 |
0.000 |
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Selling expenses |
11.408 |
2.986 |
0.000 |
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Insurance expenses |
2.637 |
0.632 |
0.000 |
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Other expenses |
34.040 |
7.539 |
0.246 |
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TOTAL |
6439.898 |
1247.825 |
0.246 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
35.258 |
8.701 |
(0.246) |
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Less |
FINANCIAL
EXPENSES |
1.827 |
5.806 |
0.000 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.431 |
2.895 |
(0.246) |
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|
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|
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Less |
DEPRECIATION/
AMORTISATION |
6.886 |
1.420 |
0.000 |
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|
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|
PROFIT/(LOSS)
BEFORE TAX |
26.545 |
1.475 |
(0.246) |
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Less |
TAX |
0.000 |
0.000 |
0.000 |
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PROFIT/(LOSS)
AFTER TAX |
26.545 |
1.475 |
(0.246) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.12 |
2.79 |
0.00 |
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Account Receivables Turnover (Income / Sundry Debtors) |
3054.55 |
131.04 |
0.00 |
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Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
4.89 |
(6.38) |
0.00 |
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Inventory Turnover (Operating Income / Inventories) |
0.22 |
0.38 |
0.00 |
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Asset Turnover (Operating Income / Net Fixed Assets) |
0.66 |
1.19 |
(0.04) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.97 |
0.77 |
0.34 |
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Debt Equity Ratio (Total Liability / Networth) |
8.77 |
0.79 |
0.51 |
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Current Liabilities to Networth (Current Liabilities / Net Worth) |
27.27 |
3.38 |
0.51 |
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Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.56 |
0.49 |
0.48 |
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Interest Coverage Ratio (PBIT / Financial Charges) |
19.30 |
1.50 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.41 |
0.12 |
0.00 |
|
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|
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|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.17 |
2.25 |
(1.10) |
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|
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|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
176.97 |
9.83 |
(1.67) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.90 |
0.95 |
2.03 |
|
|
|
|
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|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.50 |
0.50 |
2.03 |
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|
G-Score Ratio Financial (Networth / Total Assets) |
0.03 |
0.23 |
0.66 |
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G-Score Ratio Debt (Debts / Equity Capital) |
8.77 |
0.79 |
0.50 |
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G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.90 |
0.95 |
2.03 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Contribution received |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
(0.246) |
0.000 |
0.000 |
|
Net
worth |
14.754 |
15.000 |
15.000 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
5.883 |
|
Unsecured Loans |
7.524 |
11.916 |
125.704 |
|
Total
borrowings |
7.524 |
11.916 |
131.587 |
|
Debt/Equity
ratio |
0.510 |
0.794 |
8.772 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
0.000 |
1254.984 |
6469.527 |
|
|
|
|
415.507 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
0.000 |
1254.984 |
6469.527 |
|
Profit/(Loss) |
(0.246) |
1.475 |
26.545 |
|
|
|
0.12% |
0.41% |
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 |
No |
|
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 |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M05532304 |
10560849 |
Bank of India |
23/03/2015 |
16/10/2017 |
- |
100000000.0 |
Panchnath Branch Opposite Jansatta, Sadar Rajkot, Gujarat 360001, India |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.67 |
|
|
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.