MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
PRANAAV
TELE – VENTURES PRIVATE LIMITED |
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Registered Office : |
27, II
Floor, Ramakrishna Street, T. Nagar, Chennai – 600 017, Tamilnadu, India |
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Country : |
India |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
16.03.2006 |
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Com. Reg. No.: |
18-59193 |
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CIN No.: [Company
Identification No.] |
U72900TN2006PTC059193 |
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IEC No.: |
0406001162 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEP08344A |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
carry on the business of importer, exporter, dealer, warehousing agent,
trader, franchise, representatives of Multinational and National company deal
in computers, computer networking, dealing in all type of computers and net
work products, trading in spares and accessories. To carry on business of networking for telecom products, deal
in all type of telecom products and accessories. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Maximum Credit Limit : |
-- |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and has no track records of performance. Initially,
the company can be considered for any business dealings on safe and secured
trade terms and conditions. |
LOCATIONS
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Registered Office : |
27, II
Floor, Ramakrishna Street, T. Nagar, Chennai – 600 017, Tamilnadu, India |
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Tel. No.: |
91-44-24811003/
24811002 |
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Mobile No.: |
91-9840953210 |
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Fax No.: |
91-44-24811004 |
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E-Mail : |
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Website : |
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Area : |
1400
sq. ft. |
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Location : |
Rented
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Head Office : |
No. 3,
Flat No. 3/3, Ranga Apartments, Vengeeswar Nagar, 2nd Mainroad,
Vadapalani, Chennai – 600026, Tamilnadu, India |
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Tel. No.: |
91-44-24811002
/ 24811004 / 55192540 |
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Mobile No.: |
91-9840953210 |
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E-Mail : |
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Website : |
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Area : |
1400
sq. ft. |
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Branch : |
No.
49/ 49, Ground Floor, Shop No. 1, Wheeler Road, Con Town, Bangalore,
Karnataka, India |
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Area : |
350
sq. ft. |
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Location : |
Rented
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DIRECTORS
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Name : |
Mr. S.
Mahendra |
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Designation : |
Managing
Director |
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Address : |
6/ 62,
Easher Dass Street, Triplicane, Chennai – 600005, Tamilnadu, India |
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Date of Birth/Age : |
27.06.1979 |
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Qualification : |
B.
Com. |
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Experience : |
12
Years |
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DIN or PAN No. : |
AL48M53672 |
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E-mail : |
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Name : |
Mrs.
R. Shanmugapriya |
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Designation : |
Director
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Address : |
6/62,
Easher Dass Street, Triplicane, Chennai – 600005, Tamilnadu, India |
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Date of Birth/Age : |
30.12.1980 |
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Qualification : |
Chartered
Accountant, ACA |
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Experience : |
3
Years |
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DIN or PAN No. : |
BAWPS9294M |
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Tel. No. : |
91-44-28442904 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr. S.
Mahendra |
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5000 |
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Mrs.
R. Shanmugapriya |
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5000 |
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TOTAL |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To
carry on the business of importer, exporter, dealer, warehousing agent,
trader, franchise, representatives of Multinational and National company deal
in computers, computer networking, dealing in all type of computers and net
work products, trading in spares and accessories. To carry on business of networking for telecom products, deal
in all type of telecom products and accessories. |
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Products : |
®
Structured
Cabling ®
Panels
& Conduits ®
Datacenter ®
LAN
– WAN ®
Security ®
Voice
& WolP ®
Storage |
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Terms : |
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Selling : |
L/C
and Cash upto 30 days basis |
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Purchasing : |
L/C and
Cash upto 45 days basis |
GENERAL
INFORMATION
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No. of Employees : |
About
15 |
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Bankers : |
®
Bharath
Overseas Bank Limited
53, (Old # 25 26), College Road, Nungambakkam,
Chennai – 600 006, Tamilnadu, India. |
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Facilities : |
Credit
Limit: Rs. 1.500 millions |
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Banking Relations : |
Satisfactory
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Auditors : |
Sri
and Company Chartered
Accountants |
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Address : |
No.
27, 2nd Floor, Ramakrishna, T Nagar, Chennai – 600 017, Tamilnadu,
India |
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Tel. No.: |
91-44-24140850 |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
10000 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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30.09.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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1.500 |
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3] Reserves & Surplus |
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0.124 |
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NETWORTH |
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1.724 |
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LOAN FUNDS |
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1] Secured Loans |
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0.165 |
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2] Unsecured Loans |
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1.500 |
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TOTAL BORROWING |
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1.665 |
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TOTAL |
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3.389 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.448 |
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Capital work-in-progress |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Other Current Assets |
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4.779 |
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Loans & Advances |
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0.139 |
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Total Current Assets |
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4.918 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.977 |
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Provisions |
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0.000 |
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Total Current Liabilities |
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1.977 |
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Net Current Assets |
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2.941 |
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TOTAL |
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3.389 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
|
|
30.09.2006 |
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Sales Turnover [including other income] |
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8.360 |
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Profit/(Loss)
Before Tax |
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0.124 |
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Provision
for Taxation |
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0.000 |
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Profit/(Loss)
After Tax |
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0.124 |
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Total
Expenditure |
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8.236 |
KEY
RATIOS
|
PARTICULARS |
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30.09.2006 |
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PAT / Total Income |
(%) |
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1.48 |
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Net
Profit Margin (PBT/Sales) |
(%) |
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1.48 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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2.31 |
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Return
on Investment (ROI) (PBT/Networth) |
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0.07 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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3.11 |
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Current
Ratio (Current
Asset/Current Liability) |
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2.48 |
LOCAL AGENCY
FURTHER INFORMATION
The
Company’s Registered Office was shifted from # 27, II Floor, Ramakrishna
Street, T. Nagar,
Chennai
– 600017, Tamilnadu to the present address w.e.f. 15.07.2006.
WEBSITE
DETAILS
About Company
Pranaav
Tele-Ventures is the outcome of young entrepreneur’s long time Passion &
Aspiration with lots of new innovative thoughts to establish state-of-art,
Technology driven, process driven organization, catering the needs of the IT
industry, delivering Quality of Service.
They are
one among the fastest growing provider of IT products and leading technology
sales, marketing and logistics company.
They
focus on the most comprehensive range of Solutions & Services.
Vision
Their
vision is to establish a world class organization in terms of delivering
Quality of Service; Work towards maximizing the wealth of their Employees,
Partners, Vendors and Investors.
Trade
References :
®
Valrack
Technologies Private Limited, Chennai – 600 0026, Tamilnadu, India
®
SES
Technologies Limited, Chennai – 600 024, Tamilnadu, India
®
Asia
Pacific Brands India Limited, Chennai – 600 097, Tamilnadu, India
The Company’s Fixed Assets of important value
includes:
® Plant and Machinery
® Furniture and Fittings
® Computers
® Car
® Office Equipments
Services
®
Program
Management
®
Project
Management
®
Survey
& Detail Engineering
®
Engineering
& Design
®
Deployment
Services
®
Quality
Assurance
®
Documentation
& Hand Over
Partners
®
Molex
®
Avaya
®
AMP
®
Nortel
Networks
®
HP
ProCurve
®
Allied
Telesyn
®
Tanberg/Legato
®
Valrack
®
Aten
®
Avocent
®
Raritan
®
Trubore
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.99 |
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UK
Pound |
1 |
Rs.85.34 |
|
Euro |
1 |
Rs.57.63 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
|
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
10 |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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