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Business Information Report
Date - 28/06/2017 India
Company Name HPF Solutions
Previous Name(s) NA
Regd. /Business Address Plot no. 300/301, Opp. Arbuda Estate, Near Roop
Textile Mill, Narol, Ahmadabad- 382405
SUMMARY
Company Status Active
PAN ARMPR5144D
Legal Form Sole Prop
Date of Incorporation / Formation NA
Business Activity Supplier of Engineering solutions
Industry Electrical, Electronics
IDENTIFICATION DETAILS

OPERATIONAL DETAILS
Business Address Plot no. 300/301, Opp. Arbuda Estate, Near Roop
Owned/Rented NA
Office Area NA
Phone 9998457892
No. of Employees NA
BUSINESS OPERATIONS
LOCATIONS
Regd./Business Address Plot no. 300/301, Opp. Arbuda Estate, Near Roop
Phone 9998457892
Fax NA
Email NA
Website NA
BANKERS
Name NA

AUDITORS
Name M. A. Meman
Name of the Firm M. Samir Meman & Co
Membership No 136525
Date of Audit Report 11/09/2014
KEY PERSONNEL
Name Aamir Chhipa Proprietor

FINANCIAL INFORMATION
BALANCE SHEET Unit: Rupees in '000
Proprietor’s Fund 774,909
Total Current Liabilities & Provisions 3,588,504
Total Equity & Liability 4,363,413
Total Fixed Assets 14,519
Current Assets Inventories (A) 2,269,082
Sundry Debtors (B) 1,436,478
Cash & Bank Balance (C) 274,345
Other Current Assets (D) 368,989
Total Current Assets (A+B+C+D) 4,348,894
Total Assets 4,363,413
Turnover INR 11,627,338
Total Income INR 477,590

PHYSICAL VERIFICATION
Details Remarks
Address Plot no. 300/301, Opp. Arbuda Estate, Near Roop Textile Mill,
Narol, Ahmadabad- 382405
Running Duration NA
Owned or Rented NA
Office Area (sq ft) NA
Locality (Commercial / Residential) NA
Company Type (Sole Prop/
Partnership)
Sole Prop
Nature of Business NA
Number of Employee seen NA
Turn Over NA
Verified by NA
Neighbor’s Reference Negative
Contact Number NA
Visited At (Time and Date) 3.00 PM & 23/06/2017
Mode of verification Physical Verification

Company Profile
HPF Solutions was established in the year 2015 and are acknowledged in the market as a supplier of
engineering solutions. HPF Solutions offered range comprises Pressure Independent Balancing
Control Valve, PIBCV Actuator, Flow Control Valves, Two Way and Three Way Valve Actuator,
Siemens Differential Pressure Switch and many more.
KEY RATIOS
RATIOS March 31, 2015
Current Ratio 1.21
Quick Ratio 0.57
Debt Equity Ratio : 1.21
Current Ratio - A measure of short term solvency i.e. ability to meet the short term obligations by
matching current assets against current liabilities. Ideal current ratio is 2 : 1 (2.0). However, a very high
ratio indicates availability of idle cash and is not a good sign.
Overall Remarks
Discrete profile Check Visited at the given business address
and met with Near Tea Stall (Neighbor Name Not Given ) and
came to know that Given Plot Number is not found in the
Industrial Area and Applicant name and business is not
verified also check with Neighbor With Shed No.299 (Aakar
Textile) But Applicant name not verified, Hence we mark this
case Status Negative

Quick Ratio - A measure of the amount of liquid assets available to offset current liabilities. The ratio is
1:1 (1.0), the business is said to be in a liquid condition. The larger the ratio, the greater the liquidity..
Debt Equity Ratio - The debt-to-equity ratio is a measure of the relationship between the short term &
long term debts and the capital contributed by shareholders. A ratio of 1:1 is usually considered to be
satisfactory ratio
CREDIT RECOMMENDATION
Credit Rating B
Credit Score 45
Credit Limit INR 500,000
Comments:- As per the investigation, our executive visited two different addresses (Narol,
Ahmedabad and Jamalpur, Ahmedabad) but there was no any existence of the plot no. mentioned by the
company also the local people of that location don’t aware about this company. If we look at the
payment history of the customer we find that 1.35 Crore are still due since March 2017 and the customer
has released very less payment against the balance amount. For further dealings we recommend first to
increase the collection effort for reducing the balance amount and further dealings permissible only on
regular monitoring basis and on secured terms.
RATING EXPLANATION
Credit
Rating
Credit
Score
Explanation Rating Comments
A+ 81 - 100 Low Risk Business dealings permissible with low risk of
default.

A 61 - 80 Moderate Risk Business dealings permissible with moderate risk
of default.
B 40 - 60 Medium Risk Business dealings permissible on a regular
monitoring basis.
C 21 - 39 Medium High Risk Business dealings permissible preferably on
secured terms.
D 1 - 20 High Risk Business dealing not recommended or on secured
terms only.
NR -- No Rating No recommendations can be made at this stage
due to lack of sufficient information.
The credit appraisal provides an assessment of the creditworthiness of a company. It takes into account
significant elements of credit including history, business performance, management, background,
financial position, payment history, overall market conditions, market trends and the reputation of the
company
NR is stated where there is insufficient information to facilitate rating. However, it is not to be
constructed as unfavorable.
PHOTOGRAPHS
:- Photographs aren’t available

Audit Information

Balance sheet As on 31st March 2015

Profit & Loss A/C

Payment Status

This report is based on information from sources believed to be true. Any advice or recommendation in
this report has been given without specific investment objectives and the particular needs of any specific
addressee. It must be distinctly understood that though utmost care has been exercised to obtain reports
of a reliable character but we accept no liability whatsoever for any direct or consequential loss arising
from any use of this document.
END OF REPORT

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