MIRA
INFORM REPORT
|
Report Date : |
01.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GENESIS DATACOMP PRIVATE LIMITED |
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Registered Office : |
311-A, Sunder Villa, 3rd Floor, Plot No.19, S.V.Road,
Santacruz(W), Mumbai-400054,Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
03.06.1994 |
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Com. Reg. No.: |
11-78748 |
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CIN No.: [Company
Identification No.] |
U72900MH1994PTC078748 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG08623G / MUMG03714E |
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PAN No.: [Permanent
Account No.] |
AAACG4273E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in the business of providing CAD/CAM solutions to
the Building and Construction Industry. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
USD 2000 |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appears to be a small and unknown company. It has yet to
establish it’s track records. No latest financials are available. No payment
records are known. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
311-A, Sunder Villa, 3rd Floor, Plot No-19, Santacruz (w),
Mumbai, Maharashtra-400054, India. |
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Tel. No.: |
91-22-26182026, 91-22-26185568, 91-11-26611093 / 94 / 107 /108 |
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Fax No.: |
91-22-26186915 / 26611107 |
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E-Mail: |
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Web Site: |
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` |
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Administrative office: |
2-A, Sangam , 14-B, S V Road, Santacruz (West), Mumbai – 400 0054,
Maharashtra |
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Tel. No.: |
91-22-26182026 |
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Fax No.: |
91-22-26186915 |
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E-Mail: |
DIRECTORS
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Name : |
Mr. Sharad Khachoji Hulji |
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Designation : |
Director |
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Address : |
10, Vrinda, 15-Podar Road, Santacruz (west), Mumbai-400054,
Maharashtra, India. |
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Date of Birth/Age : |
06.05.1964 |
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Date of Appointment : |
03.06.1994 |
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Name : |
Ms. Seema Sharad Hulji |
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Designation : |
Director |
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Address : |
10, Vrinda, 15 Podar Road, Santacruz(west), Mumbai-400054 |
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Date of Birth/Age : |
28.03.1971 |
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Date of Appointment : |
03.12.2002 |
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Name : |
Mr. Khachoji Kaloji hulji |
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Designation : |
10, Vrinda, 15 Podar Road, Santacruz(west), Mumbai-400054 |
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Address : |
Director |
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Date of Birth/Age : |
14.05.1936 |
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Date of Appointment : |
03.12.2002 |
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Name : |
Mr Amar Shah |
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Designation : |
Director |
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Address : |
5/94, Krishna Mahar, Bhavdaji Cross Road No. 10, Matunga, Mumbai – 400 019Maharashtra |
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Date of Birth/Age : |
05.11.1968 |
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Date of Appointment : |
01.10.1995 |
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Date of Ceasing: |
04.12.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Sharad Khachoji Hulji |
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3800 |
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Seema Sharad Hulji |
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475 |
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Khachoji Kaloji Hulji |
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475 |
Equity Shares Breakup (Percentage of Total Equity):
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Sr No. |
Category |
Percentage |
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1 |
Directors or relative of directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of providing CAD/Cam solutions to
the Building and Construction Industry. |
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Products : |
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GENERAL
INFORMATION
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Bankers: |
· The Saraswat Co-Operative Bank Limited Address: Ameya Plot No. 346-B, Opp. Hotel Nilkanth,
Pathare Prabhu Co-Op Hsg. Soc., Linking Road, Khar (West), Mumbai-400052 |
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Banking
Relations : |
Unknown |
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Auditors: |
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Name : |
Sandeep Welling and Associates Chartered Accountants |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- Each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
47500 |
Equity Shares |
Rs.10/- Each |
Rs.0.475
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.475 |
0.475 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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[0.056] |
[0.173] |
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4](Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.419 |
0.302 |
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LOAN FUNDS |
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1] Secured Loans |
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0.551 |
0.783 |
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2] Unsecured Loans |
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0.212 |
0.200 |
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TOTAL BORROWING |
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0.763 |
0.983 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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1.182 |
1.285 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.090 |
0.081 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.016 |
0.016 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.056
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0.117
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Sundry Debtors |
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0.089
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0.232
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Cash & Bank Balances |
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0.488
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0.450
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Other Current Assets |
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0.000
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0.000
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Loans & Advances |
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0.718
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0.710
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Total
Current Assets |
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1.351
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1.509 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.275
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0.321
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Provisions |
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0.000
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0.000
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Total
Current Liabilities |
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0.275
|
0.321 |
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Net Current Assets |
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1.076
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1.188 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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1.182 |
1.285 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
2.387 |
3.832 |
7.027 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
2.387 |
3.832 |
7.027 |
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Profit/(Loss) Before Tax |
0.073 |
0.117 |
[0.044] |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
0.073 |
0.117 |
[0.044] |
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Expenditures : |
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Interest |
0.044 |
0.042 |
0.048 |
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Depreciation & Amortization |
0.066 |
0.027 |
0.036 |
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Other Expenditure |
2.204 |
3.645 |
6.907 |
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Total Expenditure |
2.314 |
3.714 |
6.991 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
0.00
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3.05 |
[0.62] |
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Net Profit Margin (PBT/Sales) |
(%) |
0.00
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3.05 |
[0.62] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.11
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8.11 |
[2.76] |
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Return on Investment (ROI) (PBT/Networth) |
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NA
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0.27 |
[0.14] |
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Debt Equity Ratio (Total Liability/Networth) |
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NA
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2.47 |
4.31 |
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Current Ratio (Current Asset/Current Liability) |
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NA
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4.91 |
4.70 |
LOCAL AGENCY
FURTHER INFORMATION
NOTE:-
The Registered office of the company has been shifted
from 2A, Sangam Society Ground Floor 14-B, S V Road, Santacruz(West), Mumbai,
Maharashtra-400054 w.e.f 19.04.2007 to 311-A, Sunder Villa, 3rd
floor, Plot No.19, Santacruz (West), Mumbai-400054, Maharashtra, India.
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Name of the company |
GENESIS DATACOMP PRIVATE LIMITED |
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Presented
By |
Saraswati
Co-operative Bank Limited, Khar (West), Branch, Mumbai – 400 052 |
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1) Date and description of instrument creating the change |
Agreement of
Hypothecation of Movable Property Dated: 19th February, 1999 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.147
millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation by
way of first charge on all the Company’s Computers. Scanners tangible movable
property/ including the stocks for the time being whether new or manufactured
or in process of manufacturing and every tangible movable property/ machinery
/ plant (both present and future) belonging to the Company and lying and
being at the Company’s place of business at 2 Maya, Ground Floor, Plot
No.-467, 14th Road, Khar (W), Mumbai-400052, and all other
tangible movable property belonging to the Company and pertaining to the said
business whether now lying at the place of business or at any time hereafter
during the continuous of this security be kept at the Company’s place of
business or place of Works or wherever also the same may be or be held by any
party anywhere of the order and deposition of the Company to the course of
transit as security for the due payment to the Bank. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The charge generates
as a continuing security for the due repayment of the Loan with interest and
all costs, charges and expenses. Rate of Interest
@16.75% p.a. with quarterly rests or at such rates as may be prescribed by
the bank from time to time. Margin: 40% Repayment: 12
Monthly installed of Rs. 12.250/ - Each. |
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5) Name and Address and description of the person entitled to the charge. |
The Saraswat
Co-Opearative Bank Limited Ameya, Plot No.
346-B, Opp. Hotel Nilkanth, Pathare Prabhu Co-Op Hsg. Soc., Linking Road,
Khar (West), Mumbai-400052 |
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6) Date and brief description of instrument modifying the charge |
NA |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
WEBSITE DETAILS:
Subject is a
multifaceted Company dedicated in it’s efforts to be a leader in providing CAD
/ CAM Solutions to the Building and Construction Industry.
Subject was founded by enterprising
professionals from the Indian InfoTech Industry who had rich experience working
with leading companies and Heading responsible Business Divisions in Marketing
Mission Critical I.T. Solutions, CAD/CAM Solutions, High-End Graphic Peripherals,
Graphic Workstations, Support and Training.
Organization
Genesis is registered as a Private Limited Company in
Mumbai. As a company Genesis has continuously invested in technology to provide
better service and improve productivity.
Authorised Systemes Centre
The company is the AutodeskAuthorised Vallu Added Resealer.
(Autodesk Revit Building, Autodesk Revit Structure, AutoCAD, AutoCAD LT,
Architectural Desktop, Autodesk Building Systems) in the Mumbai Region catering
exclusively to the Building Industry. Genesis Datacomp is offering Entire range
of Autodesk’s Architectural CAD and Vizualization products. Apart from
Marketing these products subject also has dedicated teams for Training and
Support.
Authorised Training Centre
Subject offers specialized CAD training courses for
Architects and Interior Designers.
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.39.67 |
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UK Pound |
1 |
Rs.81.78 |
|
Euro |
1 |
Rs.58.46 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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29 |
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 |
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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 |
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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. |
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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