MIRA INFORM REPORT
|
Report Date : |
15th
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
ACTIS
TECHNOLOGIES PRIVATE LIMITED |
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Formerly Known As : |
General
Engineering & Spares Private Limited |
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Registered Office : |
Plot A
– 5, Cross Road – B, MIDC, Andheri (Eats), Mumbai – 400 093, Maharashtra,
India. |
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Country : |
India |
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Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
10.04.2000 |
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Com. Reg. No.: |
11-125706 |
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CIN No.: [Company
Identification No.] |
U99999MH2000PTC125706 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA14240C |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
The company is engaged in the business of Trading of Multimedia
Projectors, Plasma Displays, Visualizers, Motorised Projector Lifts And Drapes,
Conferencing, Accessories, Lighting Controls, Cinema Equipment, CNC
Machining. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
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Status : |
Small
Company |
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Payment Behaviour : |
Slow
and Delayed |
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Litigation : |
Clear |
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Comments : |
Subject
is a small importer and trader. Trade relations are fair. Payments are
reported as slow and delayed. The
company’s estimated annual sales is of Rs. 35/40 Millions The
company can be considered for small to mediocre business dealings on safe and
secured trade terms and conditions, only. |
LOCATIONS
|
Registered Office : |
Plot A
– 5, Cross Road – B, MIDC, Andheri (Eats), Mumbai – 400 093, Maharashtra,
India. |
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Tel. No.: |
91-22-2834000491/
56976660 |
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Fax No.: |
91-22-28379609 |
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E-Mail : |
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Website: |
DIRECTORS
|
Name : |
Mr.
Gupta Harcharan Manmohan |
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Designation : |
Chairman
& Managing Director |
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Address : |
601,
Sea Spray, Janki Kutir, Juhu, Mumbai – 400 049 |
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Date of Birth/Age : |
12.12.1942 |
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Date of Appointment : |
10.04.2000 |
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Name : |
Mrs.
Gupta Manmohan Bina |
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Designation : |
Whole
Time Director |
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Address : |
601,
Sea Spray, Janki Kutir, Juhu, Mumbai – 400 049 |
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Date of Birth/Age : |
02.12.1945 |
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Date of Appointment : |
10.04.2000 |
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Name : |
Mr.
Gupta Manmohan Abhimanyu |
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Designation : |
Whole
Time Director |
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Address : |
601,
Sea Spray, Janki Kutir, Juhu, Mumbai – 400 049 |
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Date of Birth/Age : |
29.04.1975 |
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Date of Appointment : |
10.04.2000 |
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Name : |
Mrs.
Gupta Abhimanyu Mansi |
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Designation : |
Whole
Time Director |
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Address : |
601,
Sea Spray, Janki Kutir, Juhu, Mumbai – 400 049 |
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Date of Birth/Age : |
16.07.1979 |
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Date of Appointment : |
01.10.2003 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Gupta
Harcharan Manmohan |
45000 |
|
Gupta
Manmohan Abhimanyu |
22000 |
|
Gupta
Manmohan Bina |
22000 |
|
Gupta
Manmohan Ashish |
12000 |
|
Khandelwal Sunil Anuradha |
5000 |
|
Dalal
Shunak Malika |
1000 |
|
Gupta
Abhimanyu Mansi |
5000 |
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|
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TOTAL: |
112000 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Trading of Multimedia
Projectors, Plasma Displays, Visualizers, Motorised Projector Lifts And
Drapes, Conferencing, Accessories, Lighting Controls, Cinema Equipment, CNC
Machining. |
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|
|
|
Products : |
v
Multimedia
Projectors v
Plasma
& LCD Displays v
Front
Projection Screens v
Optical
Projection Screens v
Data
& Video Walls v
Visualizers v
Motorised
Projector Lifts And Drapes v
Audio
Viduo Conferencing v
Conferencing
Systems v
Audio
Processors v
Power
Amplifiers v
Microphones v
Lighting
Controls v
Cinema
Equipment v
CNC
Machining v
Accessories |
GENERAL
INFORMATION
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Bankers : |
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Facilities : |
-- |
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Banking Relations : |
Unknown |
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Auditors : |
Dalal
Doctor & Associates |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
300000 |
Equity
Shares |
Rs. 100/- each |
Rs. 30.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
130000 |
Equity
Shares |
Rs. 100/- each |
Rs. 13.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2003 |
31.03.2002 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
13.000 |
10.000 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
18.558 |
16.026 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
31.558 |
26.026 |
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LOAN FUNDS |
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|
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1] Secured Loans |
|
9.148 |
5.216 |
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2] Unsecured Loans |
|
22.639 |
19.568 |
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TOTAL BORROWING |
|
31.787 |
24.784 |
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DEFERRED TAX LIABILITIES |
|
3.172 |
0.000 |
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TOTAL |
|
66.517 |
50.810 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
16.070 |
14.629 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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Sundry Debtors |
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Cash & Bank Balances |
|
79.883 |
54.130 |
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Other Current Assets |
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Loans & Advances |
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Total Current Assets |
|
79.883 |
54.130 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
|
31.390 |
18.061 |
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Provisions |
|
0.000 |
0.000 |
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Total Current Liabilities |
|
31.390 |
18.061 |
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Net Current Assets |
|
48.493 |
36.069 |
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MISCELLANEOUS EXPENSES |
|
1.954 |
0.112 |
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TOTAL |
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66.517 |
50.810 |
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No
Financials subsequent to 2003 could be available.
Mr. Nair
of the company declined business and financial details.
LOCAL AGENCY
FURTHER INFORMATION
The
company has discontinued manufacturing activity. It is mainly engaged in
trading business.
AS
PER WEBSITE:
Suppliers
Directory
ACTIS
TECHNOLOGIES PVT.LTD.
Pioneer In Overhead Projectors, Introduced
State-of -art Products From World Leaders In Multimedia Equipment. It also
manufactures 35-mm Mobile Projectors And Film Editing Equipment for Cinema
Industry.
Products
:
Multimedia
Projectors, Plasma Displays, Visualizers, Motorised Projector Lifts And Drapes,
Conferencing, Accessories, Lighting Controls, Cinema Equipment, CNC Machining.
About Us:
Actis,
from the Greek word signifying a beam of light matches their mission to provide
tools required for spreading knowledge.… illumination. They focus on the
environment and equipment for presentations; the two go together to form an
integrated solution. Whether you are planning a small boardroom or a large
auditorium, they have the fitting solution for the needs.
As
providers of integrated solutions, they package together the most appropriate
equipment for visual and oral communication (large screen displays, sound and
conferencing systems) and environmental controls (lighting and HVAC),
depending on the requirements.
Their
aim is to improve the technical quality of the presentations, enhance the
environment of the meeting place, and simplify manipulation of complex
equipment so that you can effectively increase the audience's receptiveness to
the message.
Actis
brings you 30 years of experience in this field. The company was founded in
1971 in Mumbai, India. They started their activity by manufacturing 35-mm
mobile projectors and film editing equipment for the cinema industry. They
pioneered the move to presentation systems by first manufacturing overhead
projectors and then introducing state-of-the-art products from world leaders in
multimedia equipment and control technology (Epson, Pioneer, DNP, Da-Lite,
Crestron, Kramer, RGB Spectrum, Jupiter, Wolfvision, Lutron, Crown Audio,
SpeakerCraft, TeamBoard to name a few).
Their stress on quality and durability has won us long-lasting relations with
their clients in India, Germany, Greece, Israel, Japan, South Africa and the
United States of America.
Actis has its headquarters and production plant in Mumbai, India. It has sales
offices in Bangalore, Hyderabad, Chennai and Ahmedabad, and an all-India distribution
network for sales and support activities. Their client base now includes medium
and large companies, multinational corporations, educational institutes, and
government departments (including defence).
Actis has come a long way from simple projectors. Now it is a provider of
integrated solutions. It will be a path breaker ... always.
Integrated
Solution:
The Process
Each
project is unique. Each one widens their experience and opens new vistas for
us. Putting together an integrated solution that supplies exactly what the
client wants is a challenge that exercises their best talent. To achieve the
right fit, they proceed step by step.
Step
1
Analysing
the client's needs
They
start with a needs analysis. Their questions guide clients in clarifying the
vision they have of their ultimate multimedia communication facility. They
examine the premises, the location and architectural and technical features. To
this, they add conditions such as the budget, degree of sophistication of the
presentation system (type of media and connectivity), type of usage, and number
of operators.
Step
2
Designing and planning the facility
Once the requirements are clearly established, they move to design and
engineering, for which they work with architects, contractors, and facility
planners. The plan includes equipment layout, sight-line projections, room
acoustics, and lighting layout, right down to location of wall and floor boxes.
Step 3
Installing
and commissioning the equipment
Once the client approves the plan and budgets, they start installing the
equipment, coordinating their work with client staff, contractors, and
equipment suppliers. The different systems are configured and the controls are
programmed according to client specifications. Each equipment unit and system
is tested rigorously, modifications made if necessary, and a final run of the
system is carried out in the client's presence before the project is handed
over, on schedule and on budget.
Step 4
Training
users
On-site training sessions are organised to familiarise users with the new
environment until they are comfortable and at ease when they use the system.
Even after they complete a project, they remain in contact with the client for
any adjustment or assistance that may be required. At this time, a
comprehensive resource and reference binder is also handed over to the client.
Step 5
At the
service after project commissioning
They are only a phone call away if you need any assistance. Their service
commitment means that they follow-up on service plans and manufacturer
warranties for equipment supplied to you.
SUPPORT
When
they install a multimedia communication system, they want their clients to
benefit from its enhanced features, without any breakdown. For this reason they
offer an annual maintenance contract to ensure uninterrupted operation.
Moreover, routine preventive maintenance optimises system performance, improves
component reliability, and extends the life of the system.
Their
Annual Maintenance Contracts are tailored to the client's specific requirements
and the type of system. This service is provided for a fixed contracted period
and covers:-
§
Factory authorised repair
§
Emergency care
§
Preventive maintenance and warranty services, including
extended warranties for the same degree of protection after expiry of the
manufacturer's warranty
§
On-site support as needed
Their repair facility is fully
equipped to service all products within and out of warranty supplied through
us. Qualified technicians trained on multimedia products and systems man it.
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 :
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.98 |
|
UK
Pound |
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.57.82 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
TOTAL |
|
22 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
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. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |