|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509587 |
|
Report Date : |
22.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN POLY FOAMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
First Floor, F-2, 80-81, Sector 11, Rohini, Delhi - 110085 |
|
Mobile No.: |
91-9501759977 [Mr. Raj Kumar] |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.02.2008 |
|
|
|
|
Com. Reg. No.: |
55-173494 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 22.297 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120DL2008PTC173494 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCK7981G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
06AABCH9782J1Z4 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
· Manufacturer and Supplier of PU Foam Sheets, Rebonded Foam, Allied Products, Disposable Cups, Plates, Containers, etc. [Confirmed by Management] · Manufacturer of PU Foam Sheet. [Registered Activity] |
|
|
|
|
No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 81000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008. The company is a
manufacturer and supplier of PV foam sheets, rebounded foam, allied products,
disposable cups, etc. As per the financial records of 2017, the company has reported a
decline in its revenue as compared to the previous year and has incurred
operational losses. The moderate financial position of the company is marked by low
reserve base. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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
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
31-03-2018.
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 22.05.2018
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. Ram Kumar Bansal |
|
Designation : |
Director |
|
Contact No.: |
91-9501759977 |
|
Date : |
19.05.2018 |
LOCATIONS
|
Registered Office : |
First Floor, F-2, 80-81, Sector 11, Rohini, Delhi – 110085, India |
|
Tel. No.: |
91-11-27212080/ 27219404 |
|
Mobile No.: |
91-9501759977 [Mr. Ram Kumar Bansal] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : 1 |
G.T. Road, Vill. Kotpanech, Khanna Ho, Ludhiana– 141401,
Punjab, India |
|
Location : |
Owned |
|
|
|
|
Factory : 2 |
Wazidpur, Sonepat, Haryana, India |
|
Location : |
Owned |
|
|
|
|
Factory 3: |
Block No. 732, R.S. No. 600,601, Shed-F, Sai Siddhi Warehouse and Logistics Park, Kheda- 387570, Gujrat, India |
|
|
|
|
Branch Office : |
Kila No. 32/18/2/5-15,23/7-12, Vill Wazidpur, Saboli,
Sonepat-131029, Haryana, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ram Kumar Bansal |
|||||||
|
Designation : |
Director |
|||||||
|
Address : |
F-2/80-81 Sector-11, Rohini, Delhi0110085, India |
|||||||
|
Date of Birth/Age : |
05.03.1976 |
|||||||
|
Date of Appointment : |
01.02.2008 |
|||||||
|
DIN No.: |
02023463 |
|||||||
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|
|
|||||||
|
Name : |
Mr. Latesh Bansal |
|||||||
|
Designation : |
Managing Director |
|||||||
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Address : |
Sudhewal Road, Nai Abadi, Bhadson, Patiala-147202, Punjab, India |
|||||||
|
Date of Birth/Age : |
13.05.1971 |
|||||||
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Date of Appointment : |
01.02.2008 |
|||||||
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DIN No.: |
02023504 |
|||||||
|
|
|
|||||||
|
Name : |
Mr. Madan Lal Bansal |
|||||||
|
Designation : |
Director |
|||||||
|
Address : |
F-2/80-81, Sector-11 Rohini, Sec-7, North West Delhi, Delhi 110085, India |
|||||||
|
Date of Appointment : |
08.09.2017 |
|||||||
|
DIN No.: |
02600660 |
|||||||
|
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Latesh Bansal |
|
481750 |
|
Santosh Rani |
|
83000 |
|
Raj Singla |
|
30000 |
|
Baljinder Kumar |
|
0.000 |
|
Om Parkash |
|
107000 |
|
Ram Kumar Bansal |
|
86900 |
|
Raj Kumar Bansal |
|
62000 |
|
Priya Bansal |
|
641500 |
|
Latesh Bansal (HUF) |
|
55000 |
|
Madan Lal Bansal |
|
50000 |
|
Beta Metal & Alloys Private Limited |
|
125000 |
|
Ace Corporat Advisors Private Limited |
|
100000 |
|
Flamingo Corporate Consultants Private Limited |
|
120000 |
|
Saggi Teaxim Private Limited |
|
50000 |
|
Himani Sales Private Limited |
|
100000 |
|
Kedia Financial Services Private Limited |
|
200000 |
|
|
|
|
|
Total |
|
2292150 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
68.83 |
|
Promoters – Venture capital |
31.17 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Supplier of PU Foam Sheets, Rebonded Foam, Allied Products, Disposable Cups, Plates, Containers, etc. [Confirmed by Management] · Manufacturer of PU Foam Sheet. [Registered Activity] |
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Products : |
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||||
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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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|
||||
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Imports : |
|
||||
|
Products:: |
Raw Material |
||||
|
Counties; |
· China · East Korea |
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|
||||
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Terms : |
|
||||
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Selling : |
Advance Payment, Cheque and Credit [30 Days] |
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|
||||
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Purchasing : |
Advance Payment, Cheque and Credit [30 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Anmol Exim · Royal Syntectic · Saan Global · Sabsons Agencies Private Limited · Moka Business Private Limited |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Customers : |
Wholesaler, Retailers and End Users · Aggarwal Traders · Leather Rubber · Jai Balaji Enterprises · Krishna Traders · Muskan Packers · Shivam Trader |
||||||||||||||||||||||||
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No. of Employees : |
125 (Approximately) |
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Bankers : |
|
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|
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Facilities : |
|
|
|
|
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Auditors : |
|
|
Name : |
Manoj Kumar Bansal Chartered Accountant |
|
Address : |
Flat No. 188, Pkt-3, Sector-2, Rohini, Delhi-110085, India |
|
PAN No.: |
AEUPB4586L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Company in which KMP / Relatives of KMP can exercise significant
influence |
·
Hindustan Foams ·
Hindustan Polyflex ·
Bharat Enterprises ·
Sandesh Hospital |
|
|
|
|
Sister Concern: [Confirmed by Management] |
Supreme Petro
Foams Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2292150 |
Equity Shares |
INR 10/- each |
INR 22.922 Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2167150 |
Equity Shares [Fully Paid Up] |
INR 10/- each |
INR 21.672 Million |
|
125000 |
Equity Shares [Partly Paid Up] |
INR 10/- each |
INR 0.625
Million |
|
|
|
|
|
|
|
Total |
|
INR 22.297 Million |
FINANCIAL DATA
[all figures are
in 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 |
22.297 |
22.297 |
22.297 |
|
(b) Reserves & Surplus |
6.137 |
28.943 |
22.876 |
|
(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) |
28.434 |
51.240 |
45.173 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
81.870 |
78.476 |
65.806 |
|
(b) Deferred tax liabilities (Net) |
3.090 |
2.492 |
1.092 |
|
(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) |
84.960 |
80.968 |
66.898 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
5.136 |
29.783 |
27.469 |
|
(b)
Trade payables |
67.747 |
59.689 |
65.316 |
|
(c)
Other current liabilities |
8.398 |
2.955 |
3.270 |
|
(d)
Short-term provisions |
0.704 |
3.313 |
0.000 |
|
Total
Current Liabilities (4) |
81.985 |
95.740 |
96.055 |
|
|
|
|
|
|
TOTAL |
195.379 |
227.948 |
208.126 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
67.018 |
56.124 |
31.465 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.653 |
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 |
0.666 |
3.206 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
68.337 |
59.330 |
31.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
30.721 |
0.685 |
0.000 |
|
(b)
Inventories |
52.257 |
41.268 |
51.076 |
|
(c)
Trade receivables |
30.990 |
39.035 |
47.190 |
|
(d)
Cash and cash equivalents |
6.511 |
7.755 |
3.725 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
3.165 |
|
(f)
Other current assets |
6.563 |
79.875 |
71.505 |
|
Total
Current Assets |
127.042 |
168.618 |
176.661 |
|
|
|
|
|
|
TOTAL |
195.379 |
227.948 |
208.126 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
249.521 |
254.579 |
220.418 |
|
|
|
Other Income |
2.041 |
5.057 |
33.352 |
|
|
|
TOTAL |
251.562 |
259.636 |
253.770 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
225.701 |
223.632 |
216.540 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(2.726) |
(5.746) |
1.465 |
|
|
|
Employees benefits expense |
4.231 |
3.765 |
3.247 |
|
|
|
Other expenses |
14.976 |
15.324 |
13.551 |
|
|
|
Extraordinary Items |
17.573 |
0.000 |
0.000 |
|
|
|
TOTAL |
259.755 |
236.975 |
234.803 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(8.193) |
22.661 |
18.967 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.410 |
10.549 |
11.301 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(19.603) |
12.112 |
7.666 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.578 |
1.527 |
1.137 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
(22.181) |
10.585 |
6.529 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.598 |
4.227 |
1.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
(22.779) |
6.358 |
5.412 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(9.94) |
2.77 |
2.50 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2650.000 |
|
|
|
|
[Due to business
growth] |
Expected Sales (2018-2019): INR 2850.000 Million
The above information has been parted by Mr. Ram Kumar Bansal [Director]
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) |
45.33 |
55.97 |
78.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.05 |
6.52 |
4.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
109.56 |
97.42 |
110.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
-0.16 |
0.55 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
-0.12 |
0.40 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.84 |
0.76 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.06 |
2.11 |
2.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.88 |
1.87 |
2.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.38 |
1.10 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
-0.72 |
2.15 |
1.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(9.13) |
2.50 |
2.46 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(11.66) |
2.79 |
2.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(80.11) |
12.41 |
11.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.55 |
1.76 |
1.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
1.33 |
1.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.22 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.90 |
4.86 |
4.18 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.76 |
1.84 |
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 |
|
Share Capital |
22.297 |
22.297 |
22.297 |
|
Reserves & Surplus |
22.876 |
28.943 |
6.137 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
45.173 |
51.240 |
28.434 |
|
|
|
|
|
|
long-term borrowings |
65.806 |
78.476 |
81.870 |
|
Short term borrowings |
27.469 |
29.783 |
5.136 |
|
Total
borrowings |
93.275 |
108.259 |
87.006 |
|
Debt/Equity
ratio |
2.065 |
2.113 |
3.060 |
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 |
220.418 |
254.579 |
249.521 |
|
|
|
15.498 |
-1.987 |
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 |
220.418 |
254.579 |
249.521 |
|
Profit/ (Loss) |
5.412 |
6.358 |
-22.779 |
|
|
2.46% |
2.50% |
-9.13% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B41893868 |
10110037 |
STATE BANK OF PATIALA |
23/05/2008 |
07/05/2012 |
- |
100000000.0 |
COMMERCIAL BRANCHMILLER GANJ, AARTI COMPLEXLUDHIANAPB141003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Financial Institution:- Sundram Finance ltd |
1.330 |
0.000 |
|
From
Corporate Deposits:- BRANCH - LUDHIANA |
|
|
|
Mecon Commontrade Private Limited |
16.162 |
10.589 |
|
Midnight Agencies Pvt. Ltd. |
2.703 |
2.703 |
|
GCM Capital Advisors Ltd |
5.405 |
5.406 |
|
Unput Downable Securities Pvt Ltd |
2.591 |
0.000 |
|
Opulent Agent Pvt. Ltd |
10.406 |
0.000 |
|
Interface Vanjya Pvt. Ltd |
5.405 |
5.405 |
|
Tiger Vanijya Pvt. Ltd. |
0.000 |
5.405 |
|
BRANCH -GUJRAT |
|
|
|
Royal Fincomm Pvt Ltd |
0.000 |
10.214 |
|
GCM Capital Advisors Ltd |
5.223 |
0.000 |
|
Unput Downable Securities Pvt Ltd |
10.517 |
0.000 |
|
Voltaire Leasing Finance Ltd |
7.843 |
0.00 |
|
From
Directors BRANCH - KUNDLI |
|
|
|
Latesh Bansal |
0.00 |
6.329 |
|
Ram Kumar Bansal |
3.155 |
12.087 |
|
Hindustan Poly Flex - Wada |
2.067 |
9.595 |
|
From Related
Parties BRANCH - KUNDLI |
|
|
|
Latesh Bansal HUF |
1.659 |
1.577 |
|
Om Prakash |
1.856 |
1.540 |
|
Om Prakash HUF |
0.682 |
2.959 |
|
Priya Bansal |
1.765 |
1.633 |
|
Ram Kumar HUF |
2.861 |
2.648 |
|
Santosh Rani |
0.240 |
0.073 |
|
|
|
|
|
Total |
81.870 |
78.163 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
For
The Year Ended |
0.639 |
0.000 |
CORPORATE
INFORMATION:
Hindustan Poly Foams Pvt. Ltd. Manufactures Pu Foam Sheet And Contribute To G D P Of The Country. Further, It Was Incorporated On Dt 01-02-2008 & Having Its Registered Office At F-2/80-81, Ist Floor, Sector - 11, Rohini, Delhi - 110085. Further, During the financial year 2016-17, It has started the two branches as follows:-
Branch At Kundli :- Kila No. 32/18/2/5-15,23/7-12, Vill Wazidpur, Saboli, Sonepat, Haryana -131029 Branch At Ludhiana :- G.T. Road, Vill. Kot Panech, Khanna Ho, Ludhiana, Punjab – 141401 Branch At Gujarat :- Block No. 732, R.S. No. 600,601, Shed-F, Sai Siddhi Warehouse & Logistics Park, Kheda, Gujrat - 387570
OPERATIONS:
The
Company has Net Loss (After Tax) for the year under review amounted to INR
22.779 million in the current year as
compared to Profit of INR 6.358 million in the previous year
FIXED ASSETS:
· Motor Bike Land
· Building
· Tempo
· Plant and Machinery
· Office Equipment
·
Furniture and Fixtures
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 68.09 |
|
UK Pound |
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RUP |
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 |
YES |
|
--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.