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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

496506

Report Date :

13.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

INTERTECH HYDRAULICS PRIVATE LIMITED

 

 

Registered Office :

227/A, AJC Bose Road, Kolkata-700017, West Bengal

Mobile No.:

91-9847044712 (Mr. Shyam Sunder Agarwal)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

20.04.1998

 

 

Com. Reg. No.:

21-086982

 

 

Capital Investment / Paid-up Capital :

INR 4.400 Million

 

 

CIN No.:

[Company Identification No.]

U29120WB1998PTC086982

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACI9832M

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and trader of hydraulic machines and spare parts. [Registered activity and also confirmed by management]

 

 

No. of Employees :

10 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

D

 

Credit Rating

Explanation

Rating Comments

D

High Risk

Business dealing not recommended or on secured terms only

 

Status :

Activity suspended

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1998.

 

It is a manufacturer and trader of hydraulic machines and spare parts.

 

Mr. Shyam Sunder Agarwal (Director) has claimed that company’s business activity has been stopped since last 6 to 8 years and he also claimed that they are not sure when the business activity will commence.

 

The moderate financial profile of the company is marked by low reserve base as compared to its capital.

 

Payment seems to be unknown.

 

In view of aforesaid, we don’t recommend any business dealings with the subject.

 

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

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Shyam Sunder Agarwal 

Designation :

Director

Contact No.:

91-9847044712

Date :

12.03.2018

 

 

LOCATIONS

 

Registered Office / Factory :

227/A, AJC Bose Road, Kolkata-700017, West Bengal, India

Tel. No.:

91-33-22815429

Mobile No.:

91-9847044712 (Mr. Shyam Sunder Agarwal)

Fax No.:

Not Available

E-Mail :

tulsyan.nk@gmail.com

ssa@premiumferro.com

Location :

Rented

Locality :

Commercial

 

 

 

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Shyam Sunder Agarwal

Designation :

Director

Address :

Krishna Kunj, G 323, Panampilly Nagar, Cochin-682036, Kerala, India

Date of Birth/Age :

26.02.1952

Date of Appointment :

10.07.2002

DIN No.:

00117364

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U15311KL1987PTC004932

SHREE RAHUL FLOUR MILLS PRIVATE LIMITED

22/12/2015

-

U27106KL1993PLC006986

PREMIUM FERRO ALLOYS LIMITED

10/03/1993

-

U51909WB1995PTC070430

ALEXCY TRACON PRIVATE LIMITED

28/02/2014

-

U51909WB1995PTC074975

TRINETRA TRACON PRIVATE LIMITED

02/08/2010

-

U70102WB2014PTC203059

FAZER CONSTRUCTION PRIVATE LIMITED

08/01/2015

-

 

 

Name :

Ms. Neha Agarwal

Designation :

Director

Address :

Krishna Kunj, G 323, Panampilly Nagar, Cochin-682036, Kerala, India

Date of Birth/Age :

13.11.1985

Date of Appointment :

01.12.2008

DIN No.:

01844644

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

 

No. of Shares

Shyam Sunder Agarwal

 

50200

Neha Agarwal

 

230000

Rahul Bayawala

 

69800

Durga Bayawala

 

50000

Shree Rahul Flour Mills Private Limited

 

40000

Total

 

440000

 

 

AS ON 30.09.2017

 

Equity Share Break up

Percentage

Category

 

 

Promoters - Individual/Hindu Undivided Family – Indian

90.91

Promoters - Bodies corporate

9.09

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and trader of hydraulic machines and spare parts. [Registered activity and also confirmed by management]

 

 

Products / Services :

NIC Code No.

Product Description

99611892

Hydraulic Machines

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cheque and Others (RTGS)

 

 

Purchasing :

Cheque and Others (RTGS)

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

Manufacturer

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Bank Name

Allahabad Bank

Branch

--

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Auditors :

 

Name :

George and Paulson

Chartered Accountants

Address :

Krishna Kripa, KSN Menon Road, Near South Overbridge, Ernakulam-682016, Kerala, India

PAN No.:

AACFG2346K

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

440000

Equity Shares

INR 10/- each

INR 4.400 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

440000

Equity Shares

INR 10/- each

INR 4.400 Million

 

 

 

 

 


 

FINANCIAL DATA

[all figures are INR Million]

 

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

4.400

4.400

4.400

(b) Reserves & Surplus

2.068

2.055

2.044

(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)

6.468

6.455

6.444

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.000

0.000

0.000

(c) Other current liabilities

0.039

0.037

0.034

(d) Short-term provisions

0.008

0.005

0.005

Total Current Liabilities (4)

0.047

0.042

0.039

 

 

 

 

TOTAL

6.515

6.497

6.483

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.448

3.448

3.448

(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

2.500

2.500

2.800

(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

0.002

0.002

0.002

Total Non-Current Assets

5.950

5.950

6.250

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

0.565

0.547

0.233

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

0.565

0.547

0.233

 

 

 

 

TOTAL

6.515

6.497

6.483

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

0.000

0.000

0.000

 

Other Income

0.054

0.050

0.048

 

TOTAL

0.054

0.050

0.048

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Operating and Other expenses

0.034

0.033

0.026

 

TOTAL

0.034

0.033

0.026

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

0.020

0.017

0.022

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

0.020

0.017

0.022

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

0.020

0.017

0.022

 

 

 

 

 

Less

TAX

0.007

0.006

0.005

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

0.013

0.011

0.017

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.03

0.04

0.04

 

 

 

 

 

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

0.023

0.019

NA

Net cash from operating activities

0.018

0.014

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365)

0.00

0.00

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sunday Debtors)

0.00

0.00

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

0.00

0.00

0.00

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.01

0.00

0.01

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.01

0.01

0.01

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.01

0.01

0.01

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.53

0.53

0.54

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

0.00

0.00

0.00

 

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

[(PAT / Sales) * 100]

%

0.00

0.00

0.00

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.20

0.17

0.26

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

0.20

0.17

0.26

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

12.02

13.02

5.97

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

12.02

13.02

5.97

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.99

0.99

0.99

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

12.02

13.02

5.97

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

4.400

4.400

4.400

Reserves & Surplus

2.044

2.055

2.068

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

6.444

6.455

6.468

 

 

 

 

Long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

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

Total income

0.048

0.050

0.054

 

 

4.167

8.000

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Total income

0.048

0.050

0.054

Profit

0.017

0.011

0.013

 

35.42%

22.00%

24.07%

 

 

 

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

--

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

Yes

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

No

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: Registered office of the company has been shifted from 46B, Rafi Ahmed Kidwai Road, 2nd Floor, Kolkata-700016, West Bengal, India to the present address w.e.f. 04.11.2008.

 

 

PERFORMANCE REVIEW:

 

The Company's business operations are in an effective manner. During the year the company has a Net Profit of INR 0.013 million when compared to the Net Profit of INR 0.011 million during the previous years.

 

 

INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY

 

 

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 records 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 65.02

UK Pound

1

INR 90.12

Euro

1

INR 80.09

 

 

INFORMATION DETAILS

 

Information Gathered by :

PON

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

BHG

 


 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

NO

 

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)

 

 

 

 

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.