NAME
CYBERMATE
INFOTEK LIMITED
REGISTERED OFFICE
11, `Cyber Ville’,
Sripuri Colony, Kakaguda Karkhana, Secunderabad – 500 015, Andhra Pradesh,
INDIA
Tel. No. 91-40-774 1745 / 774
1750 / 774 6447 / 774 6448
Fax No. 91-40- 774 5395
E-Mail 1] cybertek@hd1.dot.net.in
Website http://www.cil-it.com
SUMMARISED FINANCIAL INFORMATION
The company’s Summarised Financial Information for the period ended 31st March, 2000 were as under :
[figures in Rupees Millions]
|
PARTICULARS |
31.03.2000 |
|
Income from Operations |
72.980 |
|
Other Income |
4.699 |
|
Total Income |
77.679 |
|
|
|
|
Total Expenditure |
40.599 |
|
|
|
|
Interest |
3.731 |
|
|
|
|
Gross Profit after Interest but before Depreciation |
36.868 |
|
Depreciation |
8.269 |
|
Profit Before Tax |
28.599 |
|
Provision for Taxation |
3.433 |
|
Net Profit |
25.166 |
|
|
|
|
Paid-up Equity Capital |
93.993 |
|
Share Premium |
8.400 |
|
Reserves (Excluding Revaluation Reserves) |
32.273 |
|
Adjusted EPS |
0.268 |
K The above results were adopted by the Board of Directors at its meeting held on 30th June, 2000.
K All the Y2K related issues were successfully addressed and the changeover was smooth.
K The adjustment in the depreciation provided, is based on the recommendations of the Statutory Auditors of the company.
K The company has entered into a Strategic Alliance with M/s. Gujarat Narmada Valley Fertilizers Company Limited (GNFC), Bharuch, Gujarat. The company has received a Letter of Intent (LOI) from GNFC, for setting up a Public Key Infrastructure (PKI) facility.
K The company has set up a Web Solutions Division, to provide WAP Solutions and enable Mobile commerce. The company has already enabled http://www.hyderabad.com.
Attachment 1
|
Report
Update On |
1st July, 2000 |
|
|
|
|
Report on |
CYBERMATE INFOTEK LIMITED |
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Registered Office |
11, `Cyber Ville’, Sripuri Colony, Kakaguda Karkhana, Secunderabad –
500 015, Andhra Pradesh, INDIA |
|
|
|
|
Tel. No. |
91-40-774 1745 / 774 1750 / 774 6447 / 774 6448 |
|
Fax No. |
91-40- 774 5395 |
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E-Mail |
|
|
Website |
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|
Telex |
-- |
Attachment 2
SUMMARY
|
Incorporated |
1994 |
Status |
Satisfactory |
|
|
|
|
|
|
|
|
Registration No. |
17485 |
Chief Executive |
Mr. P. C. Pantulu |
|
|
|
|
|
|
|
|
Capital (Rs.) |
82.000 millions |
Payments |
Regular |
|
|
|
|
|
|
|
|
Sales (Rs.) |
30.100 millions |
Litigation |
-- |
|
|
|
|
|
|
|
|
Net Worth (Rs.) |
89.100 millions |
Banking Reputation |
Satisfactory |
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|
|
|
|
|
|
|
No. of Employees |
100 |
Auditors |
NA |
|
|
|
|
|
|
|
|
Credit Rating |
Ba (See attachment 3) |
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||
INDUSTRY
Software is the main driver of the Indian IT industry and accounts of more than 50% of the total revenue. The Indian software industry has become the base of quality software professionals as India has a pool of low-cost English speaking scientific manpower. The software industry is growing at compounded growth rate of 52% since last five years. The Indian software companies have been successful in building a global image for themselves and are the most preferred vendor in the US or outsourcing software requirement.
By the year 2008, Nasscom, the apex body of IT companies in India has targeted US$ 50 billions to exports. US customers bought 61% of the software from India that was exported to 91 countries around the world. Software exports grew 58.3% in H1 of FY2000. The exports are expected to cross US$ 3.9 billions FY2000. Software exports crossed US$ 1.87 billions in the H1 of FY2000. Of the total software exports, new businesses like electronic commerce solutions and IT enabled services contributed 16%. India is best positioned to offer competitive cross-border IT services and enterprise IT solutions, scoring on multiple parameters.
************************
FACTORY
Not Applicable
BRANCH
Offices also at Germany, Austria and Switzerland
US HEADQUARTERS
Cybermate Infotek Limited
204 Lucas Lane, Voorhees, New Jersey, 08043 USA
Tel. No. +1 (856) 772-0616
Fax No. +1 (856) 772-1502
E-Mail salesUS@cil-it.com
MIDDLE EAST
Vision Technologies LLC
#504 Marzan Plaza, Abu Dhabi, UAE
Tel. No. +971 (23) 27827
Fax No. +971 (50) 6728020
E-Mail vtech@cil-it.com
HISTORY
The company was incorporated on 5th May, 1994 at Secunderabad in Andhra Pradesh having Company Registration Number 17485.
LEGAL FORM
It is a Closely Held Public Limited Liability company.
DIRECTORS
|
Mr. P. C. Pantulu |
Managing Director |
|
Dr. J. V. Rao |
Director |
|
Mr. Rajiv Goyal |
Director |
|
Mr. K. Koteswara Rao |
Director |
|
Mr. B. K. Sharma |
Alternate Director |
|
Ch. Laxmi Narayana |
Alternate Director |
|
Mr. P. S. Murthy |
Director |
|
Mr. K. S. Shiva Kumar |
Director |
BUSINESS
The company is engaged in the business of providing high end total software solutions based on the latest technologies of Client-server computing, Object Oriented Technology using GUI tools of Visual C++, PowerBuilder and lies. Oracle, Ingers and Informix are the areas of expertise in RDBMS.
The company has been undertaking a number of offshore development projects from the European Countries of Germany, Austria and Switzerland. The company has also migrated into Far East and Middle East provind automation system to the manufacturing process industries. The company’s expertise in offshore turnkey projects in application software and their implementation. The company has in-house expertise in the development and implementation of ERP, Re-engineering and right-sizing of applications while migrating from legacy platforms on to the open system has been a strength.
SOFTWARE PRODUCTS
K Total Automation Packages for Bulk Chemical and Pharmaceutical Industries
K Complete Business solutions to Sugar Industry
K Production Planning and Scheduling for Paper and Pulp Industry
K Distribution System and supply chain management for Consumer Industry
SOFTWARE PROJECTS & SERVICES
K Software Re-engineering and Right Sizing
K Migration of application from Legacy platform to Open Systems
K Implementation and Maintenance Management of Automated Systems
K Turnkey Projects for manufacturing and services industries from the stage of identifying, conceiving, implementing and maintaining the solutions
The company employs around 100 persons in its set-up.
SISTER CONCERNS
Nil
MEMBERSHIPS
K National Association of Software and Service Companies (NASSCOM)
BANKERS
K State Bank of Hyderabad, Secunderabad, Andhra Pradesh, INDIA
AUDITORS
Not Available
FINANCIAL INFORMATION
The company's latest financial information for the period ended 31st March, 1999 is enclosed herewith.
CAPITAL STRUCTURE
|
Authorised Capital : |
|
Not Available |
|
|
|
Issued, Subscribed &
Paid-up Capital : |
|
Rs.82.000 millions |
COMMENTS
Subject is a well-established company having satisfactory track records. Directors are reported as experienced, respectable and resourceful software professionals. Their trade relations are reported as fair. Payments are usually correct and as per commitments.
The company can be considered normal for business dealings at usual trade terms and conditions.
ABRIDGED BALANCE SHEET AS ON 31ST March, 1999
[figures are in Rupees Millions]
|
SOURCES OF FUNDS |
|
|
31.03.1999 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
|
|
82.000 |
|
2] Reserves & Surplus |
|
|
7.100 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
|
|
13.000 |
|
2] Unsecured Loans |
|
|
3.800 |
|
|
|
|
|
GRAND TOTAL
|
|
|
105.900 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
45.400 |
|
|
|
|
|
|
INVESTMENTS |
|
|
0.100 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
|
|
Sundry Debtors |
|
|
|
|
Cash & Bank Balances |
|
|
|
|
Other Current Assets |
|
|
|
|
Loans & Advances |
|
|
55,900 |
|
Total Current Assets |
|
|
|
|
Less : |
|
|
|
|
Current Liabilities |
|
|
|
Provisions |
|
|
|
|
Net Current Assets |
|
|
55,900 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
4.500 |
|
|
|
|
|
GRAND TOTAL
|
|
|
105.900 |
IMPORTANT FINANCIAL INFORMATION
[figures are in Rupees Millions]
|
PARTICULARS |
|
|
31.03.1999 |
|
Sales Turnover |
|
|
30.100 |
|
[including other income] |
|
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
|
5.900 |
|
Provision for Taxation |
|
|
0.700 |
|
Profit/(Loss) After Tax |
|
|
5.200 |
|
|
|
|
|
|
Dividend |
|
|
0.000 |
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
Export Earnings |
|
|
NA |
|
Other Earnings |
|
|
NA |
|
Total Earnings |
|
|
NA |
|
|
|
|
|
|
Imports : |
|
|
|
|
Raw Materials |
|
|
NA |
|
Components & Spares |
|
|
NA |
|
Capital Goods |
|
|
NA |
Total Imports
|
|
|
NA |
|
|
|
|
|
Expenditures :
|
|
|
|
Sales & Wages
|
|
|
8.400 |
Rent & Royalty
|
|
|
0.400 |
Interest
|
|
|
1.400 |
Other Expenses
|
|
|
14.000 |
Total Expenditures
|
|
|
24.200 |
Attachment 3
|
SCORE SHEET |
|
SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
|
>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal
assurance for timely payment on interest and principal sums |
Moderate |
|
26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
INDIA
INDIA, a Union of States, is a Sovereign Socialist Secular Democratic Republic with a Parliamentary System of government. It covers an area of 32872631 sq. km. Population, as on 1st March, 1991 (last counted) stood at 846.30 millions.
The value of total foreign trade increased to Rs.2,778,392.8 millions in 1997-98. During 1997-98, it’s total exports amounted to Rs.1,262,857.6 millions and imports increased to Rs.1,515,535.2 millions.
As on 20th April, 1999, Standard and Poor’s affirmed its ratings for India and said the country’s outlook was stable despite weak coalition governments. S&P affirmed its BB foreign currency and the BBB local currency ratings for India. The B foreign currency and A3 local currency short-term issuer credit ratings were also affirmed. The outlook is stable. Official foreign exchange reserves cover about 165 percent of total government, public sector and private sector external principal-repayment obligations due within the next 12 months. At $32.6 billion as on April 7, 1999, they mitigate the risk of a sudden loss of external confidence even as exports decelerate and the trade gap widens, the agency said.
LEADING EONOMIC INDICATORS
|
|
Outstanding As On |
% Variation Over |
|||
|
Banking, M3 & Forex (Rs. mlns.) |
Feb. 26, 1999 |
End-March 1998 |
Financial Year So Far |
Year Ago |
|
|
1997-98 |
1998-99 |
||||
|
|
|
|
|
|
|
|
Aggregate Deposits |
6,983,380 |
6,054,100 |
15.3 |
15.3 |
19.8 |
|
Demand Deposits |
1,029,500 |
1,025,130 |
0.2 |
0.4 |
13.4 |
|
Time Deposits |
5,953,880 |
5,028,970 |
18.7 |
18.4 |
20.9 |
|
Investments |
2,519,660 |
2,187,050 |
12.3 |
15.2 |
17.7 |
|
Government Securities |
2,203,170 |
1,869,570 |
14.2 |
17.8 |
21.4 |
|
Other Approved Securities |
316,490 |
317,480 |
2.7 |
-0.3 |
-2.3 |
|
Bank Credit |
3,547,420 |
3,240,790 |
12.4 |
9.5 |
13.3 |
|
Food Credit |
167,320 |
124,850 |
62.4 |
34.0 |
35.6 |
|
Non-food Credit |
3,380,110 |
3,115,940 |
11.0 |
8.5 |
12.4 |
|
Money Supply M3 (Feb. 26, 1999) |
9,455,060 |
8,253,890 |
13.4 |
14.6 |
18.8 |
|
Net Bank Credit to Government |
3,868,200 |
3,306,190 |
11.4 |
17.0 |
20.3 |
|
Reserve Bank Credit to
Government |
1,543,690 |
1,351,600 |
5.1 |
14.2 |
18.3 |
|
Bank Credit to Commercial
Sector |
4,651,290 |
4,321,900 |
11.8 |
7.6 |
10.6 |
|
FOREX (US$ mln.) March 19, 1999 |
312,350 |
293,670 |
7.0 |
6.4 |
10.5 |
|
Foreign Currency Assets |
282,560 |
259,750 |
11.1 |
8.8 |
13.7 |
FOREIGN INSTITUTIONAL INVESTMENT IN INDIA
|
Financial Year |
Gross Purchases (Rs. mlns.) |
Gross Sales (Rs. mlns.) |
Net Investment (Rs. mlns.) |
|
|
|
|
|
|
1992-93 |
175 |
40 |
135 |
|
1993-94 |
55,927 |
4,665 |
51,262 |
|
1994-95 |
76,310 |
28,354 |
47,966 |
|
1995-96 |
96,930 |
27,520 |
69,420 |
|
1996-97 |
155,540 |
69,804 |
85,746 |
|
1997-98 |
186,948 |
127,373 |
59,577 |
|
1998-99 |
161,150 |
176,993 |
-15,844 |
|
Total |
732,980 |
434,749 |
298,262 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit |
Indian
Rupees |
|
US Dollar |
1 |
Rs.44.75 |
|
UK Pound |
1 |
Rs.68.27 |
|
Euro |
1 |
Rs.42.81 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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Company’s Stamp &
Signature