MIRA
INFORM REPORT
|
Report Date : |
29.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SUPREME
TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
35
Chittaranjan Avenue, Kolkata, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
23.08.1995 |
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Com. Reg. No.: |
21-73634 |
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CIN No.: [Company
Identification No.] |
U30007WB1995PTC073634 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALS07666B |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
carry on the business of Manufacturers, Assemblers, Users, Importers,
Exporters, Sellers, Buyers and Dealers of all kinds of Computer Hardware,
Software, Peripherals, Stationers, Consumables and all other accessories
within India or outside. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
57500 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established and reputed company having satisfactory track. Directors are reported as experienced and
respectable businessmen. Trade
relations are reported as fair.
Business is active. Payments
are usually correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
35
Chittaranjan Avenue, Kolkata, West Bengal |
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Tel. No.: |
91-33-22119355 |
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Mobile No.: |
91-9831004813/9831079497/9831031533/9830326026/9831191959 |
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Fax No.: |
91-33-22119361 |
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E-Mail : |
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Website : |
DIRECTORS
|
Name : |
Mr.
Rajendra Kumar Dugar |
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Designation : |
Director
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Address : |
15,
Noormal Lohia Lane, 1st Floor, Kolkata – 700007, West Bengal,
India |
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Date of Birth/Age : |
04.09.1947 |
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Date of Appointment : |
23.08.1995 |
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Name : |
Mr.
Vinay Kumar Dugar |
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Designation : |
Director
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Address : |
15,
Noormal Lohia Lane, 1st Floor, Kolkata – 700007, West Bengal,
India |
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Date of Birth/Age : |
09.11.1970 |
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Date of Appointment : |
23.08.1995 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
|
No. of Shares |
|
Mr.
Rajendra Kumar Dugar |
|
40500 |
|
Mr.
Vinay Kumar Dugar |
|
106700 |
|
Ms.
Pushpa Devi Dugar |
|
500 |
|
Mr.
Vinay Kumar Dugar |
|
700 |
|
Ms.
Minal Bohra |
|
5000 |
|
Mr.
Rajendra Kumar Bohra |
|
5000 |
|
Mr.
Mahendra Kumar Bohra |
|
5000 |
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Mr.
Ramkishan Nowal |
|
10000 |
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Ms.
Aruna Dugar |
|
9100 |
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Ms.
Kavita Sethia |
|
600 |
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Mr.
Mahabir Prasad Baberwal |
|
10000 |
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Ms.
Usha Devi Malani |
|
10000 |
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Ms.
Sohani Devi Malani |
|
10000 |
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Mr.
Deendayal Jhanwar |
|
5500 |
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Ms.
Mausam Surana |
|
100 |
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Mr.
Deepak Kumar Doshi |
|
10000 |
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Mr.
Shyam Sunder Jhanwar |
|
2000 |
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Mr.
Rajesh Kumar Sharma |
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13000 |
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Mr.
Raj Kumar Mahatama |
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10000 |
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Ms.
Sweta Pugalia |
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21000 |
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Ms.
Ritu Bothra |
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20000 |
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Ms.
Preeti Bothra |
|
15000 |
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Ms.
Champa Lal Jain |
|
40000 |
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Mr.
Parimal Chowdhary |
|
15000 |
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Mr.
Mahendra Kumar Sethia |
|
1000 |
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Mr.
Dhanraj Sethia |
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1000 |
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Mr.
Dinesh Sethia |
|
15000 |
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Mr.
Sumit Kumar Nahata |
|
7500 |
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Mr.
Amit Kumar Nahata |
|
7500 |
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Ms.
Sunder Devi Mahata |
|
5000 |
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TOTAL |
|
401700 |
BUSINESS DETAILS
|
Line of Business : |
To
carry on the business of Manufacturers, Assemblers, Users, Importers,
Exporters, Sellers, Buyers and Dealers of all kinds of Computer Hardware,
Software, Peripherals, Stationers, Consumables and all other accessories
within India or outside. |
GENERAL
INFORMATION
|
Customers : |
Airport
Authority of India Alliance
Jute Mills Ambuja
Cement Bank
of Baroda Calcutta
Electricity Supply Corporation CMC Limited CMS
Computers Electronic
Corporation of India Howrah
Foods Private. Limited ICICI
Bank Limited Industrial
Investment Bank of India Limited Jainco
Telecommunication Limited Jindal
Steel & Power Limited Kirloskar
Electric Company Limited Mahanadi
Coalfields Limited Mahindra
Finance Limited Mansi
Oil & Greens Private Limited New
Central Jute Company Limited ONGC Pennzoil
Quaker State India Limited Priya
Food Products Limited Punjab
National Bank Reliance
Telecom Limited Richie
Bags & fashions Private Limited SBi
Home Finance Limited State
Bank of India Super
Forgings & Steel Limited Tata
Infotech Limited Webel
Information West
Bengal Co-Operative Bank Limited |
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Bankers : |
The Bank of Rajasthan Limited 6, G. C. Avenue, Kolkata – 700013 |
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Banking Relations : |
Satisfactory
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Auditors : |
P. K.
Kothari Chartered
Accountant, 7/1B,
Grant Lane, Kolkata – 700012, West Bengal, India PAN
No. : AFNPK5227M |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
490000 |
Equity
Shares |
Rs. 10/- each |
Rs. 4.900 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
401700 |
Equity
Shares |
Rs. 10/- each |
Rs. 4.017 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS FUNDS |
|
|
|
|
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1] Share Capital |
|
4.017 |
4.017 |
|
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
10.477 |
8.426 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
14.494 |
12.443 |
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LOAN FUNDS |
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1] Secured Loans |
|
11.222 |
7.446 |
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2] Unsecured Loans |
|
9.892 |
6.221 |
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TOTAL BORROWING |
|
21.114 |
13.667 |
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DEFERRED TAX LIABILITIES |
|
0.454 |
0.373 |
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TOTAL |
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36.062 |
26.483 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
4.622 |
3.202 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.245 |
0.245 |
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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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49.681 |
37.042 |
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Sundry Debtors |
|
37.515 |
28.977 |
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Cash & Bank Balances |
|
2.913 |
1.241 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
9.399 |
3.841 |
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Total Current Assets |
|
99.508 |
71.101 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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|
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Current Liabilities |
|
65.070 |
46.117 |
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|
Provisions |
|
3.280 |
1.985 |
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Total Current Liabilities |
|
68.350 |
48.102 |
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Net Current Assets |
|
31.158 |
22.999 |
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MISCELLANEOUS EXPENSES |
|
0.037 |
0.037 |
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|
|
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|
|
|
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TOTAL |
|
36.062 |
26.483 |
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KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
|
6.17 |
4.96 |
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|
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Current
Ratio (Current
Asset/Current Liability) |
|
|
1.45 |
1.47 |
LOCAL AGENCY
FURTHER INFORMATION
|
Name of the company |
SUPREME TECHNOLOGIES PRIVATE LIMITED |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 3.500 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 |
First charge on : a. All products goods and movable property of any kind belonging to the borrowers which now or hereinafter from time to time during this security shall be brought in stored or be in about the borrowers premises or godowns at Calcutta or wherever else the same may be including all sorts of computer peripherals and related items b. All the book debts, outstandings, moneys receivable claims and bills which are now due and owing to the borrower in the course of its business b any person, firm, company or by the Government or any local or public body or authority c. All movable property of every description coming into Bank’s possession on account of borrower whether alone or jointly with others in India or elsewhere [including without prejudice to this generally any monies, bullion, deposit receipts for monies, promissory notes, bills of exchange, hundies, bills of lading, railway receipts and other documents of title to goods and any other negotiable or transferable instruments or securities, instruments and documents of title and mercantile documents of every description including Hire purchase agreements or contracts other than those affecting immovable property and requiring registration under the acts or laws relating to registration in India and other documents evidencing company’s title as creditors or members of any corporation, association, company or syndicate in India or elsewhere. All marketable securities and goods coming into bank’s possession on borrower’s account or deposited with bank or for the time being held by bank on behalf whether alone or jointly with others |
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4) Gist of the terms and conditions and extent and operation of the charge. |
a. Interest shall be charged @ 2.75% over PLR of the bank subject to minimum of 16.58% with qly. rests or such other rate or rates as may be decided by bank from time to time b. Margin shall be 30% on stock and 50% on book debts |
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5) Name and Address and description of the person entitled to the charge. |
The Bank of Rajasthan Limited 6, G. C. Avenue, Kolkata – 700013 |
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6) Date and brief description of instrument modifying the charge |
Date : 22.02.2002 a. Hypn. of goods to secure a demand cash credit b. Charge and Hypn. of book debts c. Security for all advances & loans |
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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. |
By this modifications : a. The limit has been increased from Rs. 3.500 millions to Rs. 8.000 millions i. C. C. Hypn. [Stock / Book Debts] : Rs. 8.000 millions Sublimit : C C Hypn. [Stocks] : Rs. 8.000 millions -do – [Book debts] : Rs. 2.000 millions b. Interest shall be charged @1% over PLR subject to minimum of 15% with qly. Rests. Overall limit is Rs. 8.000 millions Other terms and conditions remain unchanged. |
|
Name of the company |
SUPREME TECHNOLOGIES PRIVATE LIMITED |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 3.500 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 |
First charge on : a. All products goods and movable property of any kind belonging to the borrowers which now or hereinafter from time to time during this security shall be brought in stored or be in about the borrowers premises or godowns at Calcutta or wherever else the same may be including all sorts of computer peripherals and related items b. All the book debts, outstandings, moneys receivable claims and bills which are now due and owing to the borrower in the course of its business b any person, firm, company or by the Government or any local or public body or authority c. All movable property of every description coming into Bank’s possession on account of borrower whether alone or jointly with others in India or elsewhere [including without prejudice to this generally any monies, bullion, deposit receipts for monies, promissory notes, bills of exchange, hundies, bills of lading, railway receipts and other documents of title to goods and any other negotiable or transferable instruments or securities, instruments and documents of title and mercantile documents of every description including Hire purchase agreements or contracts other than those affecting immovable property and requiring registration under the acts or laws relating to registration in India and other documents evidencing company’s title as creditors or members of any corporation, association, company or syndicate in India or elsewhere. All marketable securities and goods coming into bank’s possession on borrower’s account or deposited with bank or for the time being held by bank on behalf whether alone or jointly with others |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
a. Interest shall be charged @ 2.75% over PLR of the bank subject to minimum of 16.58% with qly. rests or such other rate or rates as may be decided by bank from time to time b. Margin shall be 30% on stock and 50% on book debts |
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5) Name and Address and description of the person entitled to the charge. |
The Bank of Rajasthan Limited 6, G. C. Avenue, Kolkata – 700013 |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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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. |
N.A. |
WEBSITE
DETAILS
Supreme Technologies Private Limited was incorporated in
the year 1995 with the sole objective of providing complete IT range of quality
products & services in and around Kolkata. Over a period of last 11 years,
distribution activity was extended to the whole eastern region - starting from
Kolkata to Ranchi, Jamshedpur, Durgapur, Asonsol, Siliguri, Gangtok, Bhutan,
Guahati, Agartalla, with the help of over 700 reseller, systems Integrators,
and Retail Partners.. Today Supreme
Technologies Private Limited is a name synonymous
with provider of quality IT products with complete technical and post sale
support. We have always been focused on “Complete Customer Satisfaction”.
It was
founded by Mr. Vinay Dugar. Being a highly accomplished businessman, he is the
guiding force behind the success of this organization. It is due to his vision
and inspiration the organization is now competing in the eastern region.
Credentials
Besides
being authentic to their valued clients, they have always been considered
reliable to the manufacturers and distributors of leading brands of hardware
components. Their loyalty has been rewarded suitably, and the present status of
their company in the computer hardware market arena is as under :
Intel :
Genuine Intel Distributor
Samsung
: Star Elite Partner
Epson :
Distributor
Sony :
Distributors (ODD & TFT)
Cisco-Linksys
: LFP
Kingston
: Import Partner (for Eastern Region)
R&M
Structured Cabling : Distributor (for Eastern Region)
BPE
Ablerex Online UPS : Distributor
e-life :
Distributor (for Eastern Region)
Eastern
India Highest Selling Partner
LG :
Distributor
Eastern
India Highest Selling Distributor
Other
brands handled APC Ups, Acer, Frontech, Canon, Benq, I-Ball, Compaq, HP,
D-link, Iomega,
Phillips
and many more…
Their
Commitment
They
believe in utilizing technology to make things simple and easy to use. They
also believe in thinking ahead and delivering products and services that can
fit well with upcoming future technologies.
Their
Clientele
It has
always been their continuous attempt to offer the pre-eminent of their
attention to their clientele by frequently innovating and improvising upon the
existing levels of service. The interest and trust evinced in them by their
clientele transmit a very high value for every member of their team. During
these years, they have developed a
strong clientele base which now figures to700 plus and includes some acclaimed
and well known organizations. They always do look forward to a long and
fruitful relationship with their clientele.
Their
Focus
IT is
the fastest growing market. Over the year and with past experience, they have
understood the market dynamics and then, streamlined their mode of operations.
» Supreme Technologies Private
Limited Takes care of the volume
distribution, Sub- Distribution business where we caters to the reseller, SI,
Channel Partner. Recently we had started solution business for channel &
corporate to take care of networking, power protection, data security &
data backup and many more….
» Supreme The IT Mall This is a
chain of retail IT stores to caters the fastest growing SOHO segment. They
provide the system to the end-user system & ultimate solutions for there
computing needs.
Retail
is what they do and it is what they will continue to do. Raring to touch Rs. 95
Million in FY06 the company had come this far concentrating on PCs and Peripherals.
The near future plans include branded laptops and opening 5-6 retail outlets in
Kolkata for better accessibility to their valued customers.
Supreme is all set to make its presence felt in the IT Solutions in the retail,
government & corporate segment.
Their
Team
Supreme Technologies Private Limited was started with the team of 5 and now it has grown to 65
persons. They have a committed team of professionals who keep themselves
updated with the latest technology trend. Their team member shares a common
vision of growth.
Their
Motto
Customer Satisfaction & Complete IT Solutions.
They
have motto to give complete peace of mind to their customer by giving them
competitive price and proper solution. Reason of this, they have grown by word
of mouth in recent years and they want to continue like this.
Their
strategy
It is
purely based on 3’M’s i.e Man Power - Money Management – Material Management
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.44.27 |
|
UK
Pound |
1 |
Rs.86.71 |
|
Euro |
1 |
Rs.57.13 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
45 |
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 |
|