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|
MIRA INFORM REPORT
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Report No. : |
487451 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HYDRO LINKS FLEXIBLES PRIVATE LIMITED |
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Registered
Office : |
No. C-328, 3rd Main, 1ST Stage, Peenya Industrial
Estate, Bangalore – 560058, Karnataka |
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Tel. No.: |
91-80-28398330 |
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Website : |
Not Available |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.03.1990 |
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Com. Reg. No.: |
08-010793 |
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Capital
Investment / Paid-up Capital : |
INR 4.755 Lacs |
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CIN No.: [Company Identification
No.] |
U19201KA1990PTC010793 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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MSME Registration
Number / CA Certificate Date |
290201203765 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRH00294A |
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GSTN : [Goods & Service Tax
Registration No.] |
29AAACH7067B1ZO |
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PAN No.: [Permanent Account No.] |
AAACH7067B |
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SSI
Reg. No.: |
-- |
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Shop &
Establishment Certificate No. |
-- |
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Udyog Aadhaar
No.: |
-- |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of High Pressure Hydraulic Rubber, Teflon, Thermoplastic,
SS Corrugated Hose Assemblies, Hydraulic End Fittings. |
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No. of Employees
: |
23 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Clear |
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Comments : |
Hydro Links Flexibles Private Limited was incorporated in the year 1990. It is a manufacturer of Hydraulic Hose. For the financial year 2017, the company has achieved 30.25% growth in its revenue as compared to previous year revenue but has incurred operational loss. The moderate financial profile of company is reflected by negative networth due to huge accumulated losses along with slightly high debt balance sheet profile. Payments seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings on fully and secured trade terms and conditions. Note: Site Visit was conducted at the address C- 328 3rd Main Road, 1st stage Peenya Industrial Estate Bangalore- 560058 and our executive has successfully traced the subject. During the site visit our executive also enquired with neighbour company Mr. Govinda (Bright Machine Tools) and he confirmed that subject is situated from last 4 years. As per our executive’s observation it is a 2 storey building and subject situated on the ground floor and 1st floor. Location was easy to find and locality appears to be industrial. Area seems to be neutral. Level of operation is medium Total area of premises is 5000 (sq. ft.) and 23 employees were sighted at the premises. Name board of the subject was sighted. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High
Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
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 01.03.2018
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 PARTED BY
|
Name : |
Mr. Rama Krishna Upadhyaya |
|
Designation : |
Managing Director |
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Contact No.: |
91-9448375213 |
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Date : |
05.02.2018 |
LOCATIONS
|
Registered Office / Unit I : |
No. C-328, 3rd Main, 1ST Stage Peenya Industrial
Estate, Bangalore – 560058, Karnataka, India |
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Tel. No.: |
91-80-28398330 / 41272010 |
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Mobile No.: |
91-9448375213 (Mr. Rama Krishna Upadhyaya) 91-9980043818 (Mr. Murthy Narasimha Vishanthkodi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
5000 sq. ft. (As per site visit) |
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Locality : |
Industrial (As per site visit) |
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Unit II : |
No. C-276, 7th Cross, 1st Stage Peenya
Industrial Estate, Bangalore – 560058, Karnataka, India |
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Tel. No.: |
91-80-28397037 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rama Krishna Upadhyaya |
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Designation : |
Managing Director |
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Address : |
#515, 8th Main, II Block, HMT Layout, Vidyaranyapura,
Bangalore – 560097, Karnataka, India |
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Date of Birth/Age : |
05.02.1955 |
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Aadhaar Card No.: |
790440324238 |
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Date of Appointment : |
05.03.1990 |
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Email : |
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PAN No.: |
AACPU6908M |
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DIN No.: |
01135396 |
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Other Directorship:
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Name : |
Mr. Murthy Narasimha Vishanthkodi |
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Designation : |
Director |
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Address : |
No. 236, 2ND
Floor, A 1 Block, Sumadhura Matru Shree Resi, Thindu Main Road,
Vidyaranyapura, Bangalore North Vidyaranyapura, Bangalore – 560097,
Karnataka, India |
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Date of Birth/Age : |
06.05.1968 |
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Aadhaar Card No.: |
238726460182 |
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Date of Appointment : |
30.09.1992 |
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Email : |
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PAN No.: |
AAPPN7647H |
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DIN No.: |
01135398 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of
Holding |
|
Rama Krishna Upadhyaya |
2 |
0.00 |
|
Asha U. Upadhyaya |
36448 |
76.65 |
|
Murthy Narasimha Vishanthkodi |
34 |
0.07 |
|
Anish R. Upadhyaya |
11066 |
23.27 |
|
Total |
47550 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of High Pressure Hydraulic Rubber, Teflon, Thermoplastic,
SS Corrugated Hose Assemblies, Hydraulic End Fittings. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Local : Cash and
Credit (60 Days) |
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Purchasing : |
Local : Cash and Credit
(60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
23 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
G.S. Girish and Associates Chartered Accountants |
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Address : |
#26, Jai Ganesh, 6th Cross, 4th Main,
Malleswaram, Bangalore – 560003, Karnataka, India |
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Tel. No.: |
91-80-23311628 / 41712350 |
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Mobile No.: |
91-9845164149 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AEJPG5390N |
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Memberships No.:
|
211779 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 5.000 Lacs |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47550 |
Equity Shares |
INR 10/- each |
INR 4.755
Lacs |
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|
|
|
FINANCIAL DATA
[all figures are
in INR Lacs]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.755 |
4.755 |
4.755 |
|
(b) Reserves & Surplus |
(21.667) |
(14.360) |
(1.944) |
|
(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) |
(16.912) |
(9.605) |
2.811 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
113.766 |
140.581 |
101.757 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.499 |
5.499 |
5.499 |
|
Total
Non-current Liabilities (3) |
119.265 |
146.080 |
107.256 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
67.691 |
124.729 |
33.476 |
|
(c) Other current liabilities |
61.601 |
24.159 |
11.417 |
|
(d) Short-term provisions |
4.693 |
3.589 |
-0.153 |
|
Total
Current Liabilities (4) |
133.985 |
152.477 |
44.740 |
|
|
|
|
|
|
TOTAL |
236.338 |
288.952 |
154.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
52.920 |
65.409 |
25.731 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.101 |
12.101 |
12.101 |
|
Total
Non-Current Assets |
53.021 |
77.510 |
37.832 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
46.962 |
44.652 |
34.701 |
|
(c) Trade receivables |
104.959 |
125.774 |
49.898 |
|
(d) Cash and cash equivalents |
28.191 |
24.750 |
17.476 |
|
(e) Short-term loans and
advances |
3.205 |
16.266 |
14.900 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
183.317 |
211.442 |
116.975 |
|
|
|
|
|
|
TOTAL |
236.338 |
288.952 |
154.807 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
432.517 |
332.062 |
212.020 |
|
|
Other Income |
0.000 |
0.000 |
0.230 |
|
|
TOTAL
|
432.517 |
332.062 |
212.250 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
259.181 |
223.609 |
124.412 |
|
|
Employees benefits expense |
71.762 |
44.603 |
36.924 |
|
|
Other Administrative expenses |
73.924 |
51.083 |
48.611 |
|
|
TOTAL |
404.867 |
319.295 |
209.947 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
27.650 |
12.767 |
2.303 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
25.198 |
15.346 |
5.215 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.452 |
(2.579) |
(2.912) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
9.759 |
9.837 |
3.026 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(7.307) |
(12.416) |
(5.938) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(7.307) |
(12.416) |
(5.938) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(14.360) |
(1.944) |
3.994 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(21.667) |
(14.360) |
(1.944) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(73.00) |
(124.00) |
(59.00) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
57.622 |
19.272 |
4.584 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
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) |
88.57 |
138.25 |
85.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.12 |
2.64 |
4.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
95.33 |
203.60 |
98.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.59 |
0.29 |
0.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.52 |
0.20 |
0.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.29 |
1.08 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(10.13) |
(16.64) |
37.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(7.92) |
(15.87) |
15.92 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(3.13) |
(6.81) |
9.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.10 |
0.83 |
0.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(1.69) |
(3.74) |
(2.80) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(3.09) |
(4.30) |
(3.84) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
43.21 |
129.27 |
(211.24) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.37 |
1.39 |
2.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.02 |
1.09 |
1.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.07) |
(0.03) |
0.02 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
36.04 |
33.62 |
22.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.37 |
1.39 |
2.61 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR in Lacs |
INR in Lacs |
|
Share Capital |
4.755 |
4.755 |
4.755 |
|
Reserves & Surplus |
(1.944) |
(14.360) |
(21.667) |
|
Net
worth |
2.811 |
(9.605) |
(16.912) |
|
|
|
|
|
|
Long Term borrowings |
101.757 |
140.581 |
113.766 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
4.584 |
19.272 |
57.622 |
|
Total
borrowings |
106.341 |
159.853 |
171.388 |
|
Debt/Equity
ratio |
37.830 |
(16.643) |
(10.134) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR
in Lacs |
INR
in Lacs |
|
Sales
|
212.020 |
332.062 |
432.517 |
|
|
|
56.618 |
30.252 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR
in Lacs |
INR
in Lacs |
|
Sales
|
212.020 |
332.062 |
432.517 |
|
Profit
/ (Loss) |
(5.938) |
(12.416) |
(7.307) |
|
|
(2.80%) |
(3.74%) |
(1.69%) |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: The registered of
the company has been shifted from No. C-329, 3rd Main, 1ST
Stage, Peenya Industrial Estate, Bangalore – 560058, Karnataka, India to the
present address, but the same has not been updated in the government registry.
REVIEW OF
OPERATION:
The company is incorporated on 05th March 1990. The company
is engaged in the business of Manufacturing and Repairs of Pipes and other like
products. The turnover of the Company is slightly increased as compared to the
previous year. The company’s loss for the year has incurred loss of INR 7.307
lacs as compared to the previous year loss which was INR 12.416 Lacs due to
competitive market conditions. The company is hopeful of its better revenue
from operations in the coming year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
Long-term
Borrowings |
|
|
|
Other Loans and
Advances : |
|
|
|
Loans from Directors |
28.254 |
35.686 |
|
Others |
0.000 |
3.458 |
|
Total |
28.254 |
39.144 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C59085944 |
10580290 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
25/06/2015 |
- |
- |
1780313.0 |
130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI – 400018, MAHARASHTRA, INDIA |
|
2 |
A81888091 |
80027331 |
KARNATAKA BANK LTD |
10/08/1999 |
25/02/2009 |
04/03/2010 |
1500000.0 |
704, 5TH BLOCK, HMT LAYOUT, VIDYARANYAPURA MAIN ROAD, VIDYARANYAPURA, BANGALORE – 560097, KARNATAKA, INDIA |
FIXED ASSETS
- Computers
- Plant and Machinery
- Electricity Fitting
- Office Equipment
- Generator
- Telephone Instrument
- Furniture and Fixture
- Vehicle
- Motor Cycle
OBSERVATION FORM
|
COMPANY NAME: HYDRO LINKS FLEXIBLES PRIVATE LIMITED ADDRESS: C-328, 3rd Main Road, 1ST Stage Peenya Industrial Estate, Bangalore – 560058, Karnataka, India CONTACT NO: 91-9448375213 PERSON TO WHOM WE MET: Mr. Rama Krishna Upadhaya DESIGNATION: Managing Director NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): Behind Dharmastala Upahar Hotel TOTAL FLOORS OF THE BUILDING: 2 SUBJECT SITUATED ON : GROUND + 1ST FLOOR LOCALITY: INDUSTRIAL AREA OF PREMISES: 5000 (SQ. FT.) AREA: NEUTRAL LEVEL OF OPERATION: MEDIUM NO. OF EMPLOYEES SEEN AT PREMISES: 23 VISIBILITY OF
ITEMS: TELEPHONE COMPUTERS OFFICE EQUIPMENT FURNITURE ITEMS SIGHTED: Chairs, Computer, Tables and Sofa Set NEIGHBOUR’S
INTERVIEW 1) NAME OF COMPANY: Bright Machine Tools CONTACT PERSON NAME: Mr. Govinda [Staff] NEIGHBOUR’S
OVERVIEW: He confirmed that subject is situated from last 4 years. PROOF OF VISIT: PHOTOGRAPH PHOTOGRAPH: Exterior with name board / Interior / Shop
Floor, Stock etc. Details of the person
conducting visit:
|
PICTURES
NEIGHBOUR:
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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 (as on
01.03.2018) (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
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.
·