MIRA INFORM REPORT
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Report
Date : |
19.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ARIHANT
INFORMATIQUE PRIVATE LIMITED |
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Formerly
Known As : |
ARIHANT COMPUTERS |
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Registered
Office : |
9 A, Lamington Chambers, 1st Floor, 394,
Lamington Road, Opp. Naaz Cinema, Mumbai – 400 004, Maharashtra |
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Country
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India |
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
24.05.2000 |
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Com.
Reg. No.: |
11-126731 |
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CIN
No.: [Company
Identification No.] |
U72100MH2000PTC126731 |
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TAN
No.: [Tax
Deduction & Collection Account No.] |
MUMA24974F |
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Legal
Form : |
Private Limited Liability Company |
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Line
of Business : |
Carry on the trade or business of Manufacturers and
Dealers in Computers, Software, Electronics Equipments and everything related
to office automation and tabulators of every kind, Descriptions and
Activation, Accounting, Book Keeping, Calculating, Counting, Reckoning,
Registering, Recording, Performing, Sorting, Tabulating, Adding, Subtracting,
Dividing, Multiplying, Printing, Typewriting, Copying, Reproducing and
Distributing Machines and Machinery Systems, Appliances and Devices for all
purposes. |
RATING & COMMENTS
|
MIRA’s
Rating : |
B |
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/normal. |
Small |
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Maximum
Credit Limit : |
-- |
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Status
: |
Small
company |
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Payment
Behaviour : |
Slow but
correct |
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Litigation
: |
Clear |
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Comments
: |
Subject is a relatively small dealer of computer
peripherals. Directors are reported as experienced and respectable
businessmen. Company’s profitability is low. Payments are reported as slow
but correct. The company can be considered for small business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
9 A,
Lamington Chambers, 1st Floor, 394, Lamington Road, Opp. Naaz
Cinema, Mumbai – 400 004, Maharashtra, India |
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Tel
No.: |
91-22-23872903
/ 2382 2424 (9 Lines) |
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Mobile
No.: |
91-9820043980
/ 2389 1815 |
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E-Mail
: |
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Website
: |
http://www.arihant.net.in [Under
Construction] |
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Branch
offices : |
113, New Apollo Industrial
Estate, Old Nagardas Road, Mograpada Lane, Tel No. : 91-22-2822 8585 / 9595 112, Veena Industrial Estate, Opp. Everest Masala,
LBS Marg, Vikhroli (West), Mumbai 400 083 |
DIRECTORS
|
Name : |
Mr. Shailesh Vimalchand Chouhan |
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Designation
: |
Director |
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Address
: |
1/10, Krishna Building, G. S. Lane, Parel, Mumbai – 400
013, Maharashtra, India |
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Date
of Birth/Age : |
09.12.1970 |
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Date
of Appointment : |
24.05.2000 |
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Name : |
Mr. Arvind Ratanchand Sanghvi |
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Designation
: |
Director |
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Address
: |
Arpan Arcade, 4th Floor, New Mill Road, Kurla
(West), Mumbai – 400 070, Maharashtra, India |
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Date
of Birth/Age : |
24.11.1968 |
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Date
of Appointment : |
24.05.2000 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr.
Shailesh V. Chouhan |
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2000 |
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Mr. Arvind
R. Sanghvi |
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2000 |
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Mrs. Alpa
A. Sanghavi |
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1950 |
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Mrs.
Shilpa S. Chouhan |
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1950 |
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Mr.
Vimalchand C. Jain |
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300 |
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Mrs.
Leelaben V. Jain |
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300 |
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Mr.
Abhishek V. Jain |
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300 |
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Mr.
Ratanchand D. Jain |
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300 |
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Mrs.
Urmila R. Jain |
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300 |
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Mr.
Pravin R. Jain |
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300 |
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Mrs.
Sangita P. Sanghavi |
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300 |
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Total |
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10000 |
BUSINESS DETAILS
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Line
of Business : |
Carry on the trade or business of Manufacturers and
Dealers in Computers, Software, Electronics Equipments and everything related
to office automation and tabulators of every kind, Descriptions and
Activation, Accounting, Book Keeping, Calculating, Counting, Reckoning,
Registering, Recording, Performing, Sorting, Tabulating, Adding, Subtracting,
Dividing, Multiplying, Printing, Typewriting, Copying, Reproducing and
Distributing Machines and Machinery Systems, Appliances and Devices for all
purposes. |
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Products : |
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GENERAL INFORMATION
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Bankers
: |
Not Available |
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Banking Relations : |
Unknown |
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Auditors
: |
Bharat R. Modi and Company Chartered Accountants |
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Tel.
No.: |
B-202, Hetal Arch Building, Opposite Natraj Market, S. V.
Road, Malad (West), Mumbai – 400 064, Maharashtra, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- |
Rs. 1.000 million |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS
FUNDS |
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1] Share
Capital |
|
0.100 |
0.100 |
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2] Share
Application Money |
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0.000 |
0.000 |
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3]
Reserves & Surplus |
|
0.743 |
0.000 |
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4]
(Accumulated Losses) |
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0.000 |
[0.023] |
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NETWORTH |
|
0.843 |
0.077 |
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LOAN
FUNDS |
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1]
Secured Loans |
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0.000 |
0.000 |
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2]
Unsecured Loans |
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5.047 |
0.030 |
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TOTAL BORROWING |
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5.047 |
0.030 |
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DEFERRED
TAX LIABILITIES |
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0.015 |
0.000 |
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TOTAL |
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5.905 |
0.107 |
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APPLICATION
OF FUNDS |
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FIXED
ASSETS [Net Block] |
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1.182 |
0.000 |
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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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0.000 |
0.000 |
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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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42.163 |
0.000 |
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Sundry
Debtors |
|
77.189 |
0.000 |
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Cash
& Bank Balances |
|
1.697 |
0.095 |
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Other Current
Assets |
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0.000 |
0.000 |
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Loans
& Advances |
|
3.027 |
0.005 |
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Total Current Assets |
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124.076 |
0.100 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current
Liabilities |
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117.849 |
0.011 |
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Provisions |
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1.518 |
0.000 |
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Total Current
Liabilities |
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119.367 |
0.011 |
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Net Current Assets |
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4.709 |
0.089 |
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MISCELLANEOUS
EXPENSES |
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0.014 |
0.018 |
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TOTAL |
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5.905 |
0.107 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover [including other
income] |
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519.313 |
-- |
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Profit/(Loss) Before Tax |
|
1.418 |
[0.005] |
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Provision for Taxation |
|
-- |
-- |
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Profit/(Loss) After Tax |
|
1.418 |
[0.005] |
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Total Expenditure |
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517.894 |
0.005 |
KEY RATIOS
|
PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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0.27 |
-- |
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Net Profit Margin (PBT/Sales) |
(%) |
|
0.27 |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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1.13 |
[5.00] |
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Return on Investment (ROI) (PBT/Networth) |
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1.68 |
[0.06] |
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Debt Equity Ratio (Total Liability/Networth) |
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147.58 |
0.53 |
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Current Ratio (Current Asset/Current Liability) |
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|
1.04 |
9.09 |
LOCAL AGENCY FURTHER INFORMATION
As per website
Arihant Computers has been providing custom built computer
systems to residential and business customers for the past 10 years. Arihant
Computers is now a well known name in the field of Information Technologies
driven by enthusiastic and commitment oriented management.
They are a family owned and operated business that strives
to provide their customers with top notch quality products at an affordable price.
They provide a wide range of information technology services and solutions to
major corporations, small business, and individuals.
They have introduced their selves as a professional managed
company involved in the field of Information Technology by providing the best
in hardware solutions. Their teams has the right blend of marketing and
technical skills. Their activates include trading computer systems, parts
peripherals, and networking solutions & maintenance contract. They
emphasize on the requirements of their clients and thus provide simple but
exhaustive solutions.
They are authorized sub distributor for SAMSUNG (Star Elite
Partner), HP (Printers and PC's), EPSON (Printers), INTEL and APC (UPS).
They have recently been awarded as the "Best Reseller"
award in Mumbai from DQ week and VAR India for the year 2003. For this they
would like to offer heartiest thanks to their customers for making them an
elite member of the "Most Admired IT Company"
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.44.25 |
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UK Pound |
1 |
Rs.87.30 |
|
Euro |
1 |
Rs.57.36 |
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 |