March 22, 2001
NAME
META
INFOTECH PRIVATE LIMITED
REGISTERED OFFICE
Block No. 8, Apollo Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400 093, INDIA
Tel. No. 91-22-8217424 / 8325882 / 8325883 / 8325884
Fax No. 91-22-8203181
E-Mail meta@vsnl.com
Website http://www.metainfotech.com
FACTORY
Not applicable
BRANCH
K 7, Srishti, A-Wing, Survey No. 264 / 2, Next to Sagar Restaurant, Pune-Baner Road, Baner, Pune – 411 045, Maharashtra, INDIA
Tel. No. 91-20-7290417
K No. 70, 16th Main, II Cross, II Stage, BTM Layout, Bangalore – 560 076, Karnataka, INDIA
HISTORY
The company was incorporated on 17th December, 1998 at Mumbai in Maharashtra having Company Registration Number 117495.
LEGAL FORM
It is a Private Limited Liability company.
DIRECTORS
|
Mr. Venu Gopal Peruri |
|
Mr. Nagesh Peruri |
|
Mr. Amith Ellur |
MAJOR SHAREHOLDERS
The company’s entire share capital is held by the directors and their nominees.
BUSINESS
The company acts as Software Developers and Resellers.
The company acts as agents for :
K Net Reality Limited, Israel
K Net IQ, U.S.A.
The company’s fixed assets of important value include Cycle, Mobile Phone, Car, Furniture & Fixture, Telephone and Computers.
The company operates from a caption rented office premises.
The company is reported to employ 40 persons in its set-up.
SISTER CONCERNS
Nil
BANKERS
K Union Bank of India
64, Halim Manzil, Agripada Branch, Mumbai Central, Mumbai, India
[The company is reported to enjoy Cash Credit Facility worth Rs.1.6 millions from its banker]
AUDITORS
K Anil Goyal & Company
Chartered Accountants
FINANCIAL INFORMATION
The company's latest financial information for the period ended 31st March, 2000 is enclosed herewith.
CAPITAL STRUCTURE
|
Authorised Capital : |
||
|
50,000 |
Equity Shares of Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed &
Paid-up Capital : |
||
|
10,000 |
Equity Shares of Rs.10/- each |
Rs.0.100 million |
COMMENTS
Subject is an established company in software field. Directors are reported as experienced and having satisfactory means of their own. Their trade relations are reported as fair. Payments are reported as slow but correct.
The company can be considered normal for business dealings at usual trade terms and conditions.
No clean credit may be granted.
ABRIDGED BALANCE SHEET AS ON 31ST March, 2000
[figures are in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2000 |
31.03.1999 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
2] Reserves & Surplus |
|
0.329 |
0.052 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
|
1.526 |
0.000 |
|
2] Unsecured Loans |
|
0.560 |
0.000 |
|
|
|
|
|
GRAND TOTAL
|
|
2.515 |
0.152 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.544 |
0.229 |
|
|
|
|
|
|
INVESTMENTS |
|
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
|
1.859 |
1.370 |
|
Sundry Debtors |
|
3.229 |
0.708 |
|
Cash & Bank Balances |
|
0.014 |
0.078 |
|
Other Current Assets |
|
0.005 |
0.000 |
|
Loans & Advances |
|
0.227 |
0.661 |
|
Total Current Assets |
|
5.334 |
2.817 |
|
Less : |
|
|
|
|
Current Liabilities & Provisions |
|
3.378 |
2.911 |
|
Net Current Assets |
|
1.956 |
(0.094) |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.015 |
0.017 |
|
|
|
|
|
GRAND TOTAL
|
|
2.515 |
0.152 |
IMPORTANT FINANCIAL INFORMATION FOR LAST TWO PERIODS
[figures are in Rupees Millions]
|
PARTICULARS |
|
31.03.2000 |
31.03.1999 |
|
Sales Turnover |
|
27.483 |
2.461 |
|
[including other income] |
|
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.329 |
0.060 |
|
Provision for Taxation |
|
0.040 |
0.007 |
|
Profit/(Loss) After Tax |
|
0.289 |
0.053 |
|
|
|
|
|
|
Dividend |
|
0.010 |
0.001 |
|
|
|
|
|
Expenditures :
|
|
|
|
Purchases & Development
Cost
|
|
25.232 |
2.072 |
Finance Charges
|
|
0.107 |
0.000 |
Depreciation
|
|
0.050 |
0.003 |
Operative Expenses
|
|
1.763 |
0.324 |
Miscellaneous Expenses
Written-Off
|
|
0.002 |
0.002 |
Total Expenditures
|
|
27.154 |
2.401 |