MIRA
INFORM REPORT
|
Report Date : |
28.07.2007 |
IDENTIFICATION DETAILS
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Name : |
TOTAL PRESENTATION DEVICES PRIVATE LIMITED |
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Registered Office : |
D-5, |
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Country : |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
02.09.1996 |
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Com. Reg. No.: |
55-81603 |
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CIN No.: [Company
Identification No.] |
U31909DL1996PTC081603 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELT06073E |
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PAN No.: [Permanent
Account No.] |
AAACT5992K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Advanced conferencing solutions providers in |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 140000 |
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Status : |
Good |
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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
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Registered Office : |
D-5, |
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Tel. No.: |
91-11-26535180 / 185 [16 Lines] / 41759800 / 26531909 / 10 / 26190858 / 26194038 / 26193913 / 23 / 25 |
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Fax No.: |
91-11-26535179 / 180 / 181 / 26194042 |
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E-Mail : |
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Website : |
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Branches : |
Located at :
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DIRECTORS
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Name : |
Mr. Harsh Bhatia |
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Designation : |
Director |
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Address : |
34-N, 1st Floor, Malviya Nagar, |
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PAN No. : |
AIDPB9923A |
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Date of Birth/Age : |
29.05.1975 |
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Date of Appointment : |
01.05.2006 |
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Name : |
Mr. Ashok Sharma |
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Designation : |
Director |
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Address : |
3-D, Pocket B, Siddharth Extension, |
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Date of Birth/Age : |
12.07.1945 |
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PAN No. : |
BDLPS1274H |
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Date of Appointment : |
01.05.2006 |
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Name : |
Mr. Vikas Bansal |
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Designation : |
Director |
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Address : |
H. No. B-25, MMT Colony, Pinjor, Punchkula – 134108, |
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Date of Birth/Age : |
25.12.1970 |
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PAN No. : |
ADFPB1734L |
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Date of Appointment : |
03.05.2006 |
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Name : |
Mr. Sanjay Bansal |
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Designation : |
Chairman |
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Date of Birth/Age : |
18.06.1968 |
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Date of Appointment : |
02.09.1996 |
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Name : |
Mrs. Nandita Sinha |
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Designation : |
Director |
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Date of Birth/Age : |
27.07.1969 |
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Date of Appointment : |
02.09.1996 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Sanjay Bansal |
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140,700 |
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Ms. Nandita Sinha |
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140,700 |
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Total |
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281,400 |
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Equity Share
Breakup |
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Category |
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Percentage of
Holding |
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Directors of relatives of directors |
|
99.99 |
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Other top fifty shareholders |
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0.01 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Advanced conferencing solutions providers in |
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Imports : |
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Products : |
Multi media projectors, Screens, Audio Video Conferencing Equipments |
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Countries : |
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Terms : |
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Purchasing : |
L/C, D/A or D/P terms |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
60 |
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Bankers : |
·
ICICI Bank Limited ·
American Express Bank Limited ·
Standard Chartered Bank ·
Corporation Bank, Hauz Khas, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Anuj Goyal & Associates Chartered Accountants |
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Address : |
R-212 Dua Complex, 24 Veer Savarkar Block, Vikas Marg, Shakarpur, |
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Tel. No.: |
91-11-22516324 / 22416324 |
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Associates/Subsidiaries : |
·
Total Audio Visual, U-4 - Dealing
in Audio Visuals |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
281,400 |
Equity Shares |
Rs. 10/- each |
Rs. 2.814
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.06.2006 [15 Months] |
31.03.2005 [12 Months] |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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2.814 |
2.814 |
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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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32.934 |
33.854 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
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35.748 |
36.668 |
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LOAN FUNDS |
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1] Secured Loans |
|
37.430 |
18.628 |
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2] Unsecured Loans |
|
11.552 |
16.262 |
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TOTAL BORROWING |
|
48.982 |
34.890 |
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DEFERRED TAX LIABILITIES |
|
3.153 |
3.271 |
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TOTAL |
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87.883 |
74.829 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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81.061 |
48.021 |
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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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14.142 |
21.605 |
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Sundry Debtors |
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81.522 |
75.037 |
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Cash & Bank Balances |
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15.356 |
6.790 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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18.572 |
9.501 |
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Total
Current Assets |
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129.592 |
112.933 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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114.179 |
71.724 |
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Provisions |
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8.593 |
14.404 |
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Total
Current Liabilities |
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122.772 |
86.128 |
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Net Current Assets |
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6.820 |
26.805 |
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MISCELLANEOUS EXPENSES |
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0.002 |
0.003 |
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TOTAL |
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87.883 |
74.829 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
30.06.2006 [15 Months] |
31.03.2005 [12 Months] |
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Sales Turnover |
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614.798 |
NA |
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Other Income |
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-- |
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Total Income |
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614.798 |
NA |
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Profit/(Loss) Before Tax |
|
7.208 |
NA |
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Provision for Taxation |
|
5.933 |
NA |
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Profit/(Loss) After Tax |
|
1.275 |
NA |
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Earnings in Foreign Currency : |
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Commission Earnings |
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11.231 |
36.113 |
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Total Earnings |
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11.231 |
36.113 |
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Imports : |
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Total Imports |
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317.735 |
167.405 |
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Expenditures : |
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Depreciation & Amortization |
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27.083 |
NA |
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Other Expenditure |
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580.507 |
NA |
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Total Expenditure |
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607.590 |
NA |
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KEY RATIOS
|
PARTICULARS |
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30.06.2006 [15 Months] |
31.03.2005 [12 Months] |
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PAT / Total Income |
(%) |
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0.21 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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1.17 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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3.42 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.20 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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4.80 |
3.30 |
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Current Ratio (Current Asset/Current Liability) |
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1.06 |
1.31 |
LOCAL AGENCY FURTHER INFORMATION
The Registered Office of the company has been shifted from U-4, Green
Park Extension,
Business
Subject is
engaged in the business as advanced conferencing solutions providers in
Generic name of the principal product/service of the company is ‘Trading
in Electrical Machinery’.
The Company provides advanced Conferencing Solutions to nationwide call
for the world’s best Projection Systems, Advanced Audio and Video Conferencing
Solutions and Turnkey Audio-Visual Integration for Boardrooms, Conference Rooms
and Training Rooms.
The Company’s advanced conferencing solutions include:
- Audio and
Video Conferencing Solutions
- Projection
Solutions
- Turnkey Audio
Visual Integration (for the Conference Rooms, Boardrooms. Training Rooms
and Auditoriums)
- Whiteboard
Digitisation
The Company ;is authorised Distributors for Sanyo and their products are
available at DGS&D Rate Contract
·
Sanyo PLC-SU 30 with MCI unit (1700 ANSI Lumens)
·
Sanyo PLC-XU 30 with MCI unit (1400 ANSI Lumens)
·
Sanyo PLC-XU 35 with MCI unit (2000 ANSI Lumens)
Standard Projectors
·
PLC-SU 30 (1700 ANSI Lumens)
·
PLC-XW 20 (1100 ANSI Lumens)
·
PLC-XU 35 (2000 ANSI Lumens)
·
PLC-XP 46 (4100 ANSI Lumens)
·
Spare Lamp
It is an authorised distributor for Sanyo, Mimio xi products in
It exports its products and also sells in the domestic market.
The company is in trade terms with:
- ICI Inda
Limited
- IIT,
- IMT,
- Indian Oil
Corporation Corporation
- Eicher
International Limited,
- NTPC,
- NTPC,
Bankers Charges
Report as per Registry
|
Name of the company |
TOTAL PRESENTATION
DEVICES PRIVATE LIMITED |
|
Presented By |
SANJAY BANSAL |
|
1) Date and description of instrument creating the change |
Guarantee
Agreement to secure Bank Guarantee
Limit dated 01.09.2002 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 5.000
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 |
Stock, Book Debts
etc |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest
18.20 % p.a. |
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5) Name and Address and description of the person entitled to the charge. |
Corporation Bank Hauz Khas |
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6) Date and brief description of instrument modifying the charge |
Guarantee
Agreement to secure Bank Guarantee Limit dated 09.02.2003 |
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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. |
Bank Guarantee
Limit enhanced from Rs. 5.000 Millions to Rs. 12.500 Millions |
AS PER WEBSITE
COMPANY PROFILE
"The Company strives to be the most preferred
provider of advanced conferencing solutions in
It
is with this vision only, the Company’s endeavor with 2 people in New Delhi in
August 1995, has propelled them today to an organization that employs over 90
professionals across the country and provides its customers nationwide direct
support from ten offices at Delhi, Mumbai, Bangalore, Chennai, Kolkata,
Hyderabad, Pune, Chandigarh, Lucknow & Bhopal for their total peace of
mind. Also this vision has kept the Company very focused for the last 7 years.
They are in the business of advanced conferencing solutions and in no other
business.
The
Company make the power of technology work for its customers. The Company help
its customers in dazzling their audience with powerful presentations, making
the training programmes achieve higher effectiveness, achieving significant
reduction in their travelling expenses, improving team work in the organization
& faster decision making for improving the productivity of the
organization.
The Company’s advanced
conferencing solutions include:
·
Audio
and Video Conferencing Solutions
·
Projection Solutions
·
Turnkey Audio Visual Integration (for
the Conference Rooms, Boardrooms, Training Rooms and Auditoriums)
·
Whiteboard Digitisation
Roadmap
The Company believe very strongly in continuous
improvements, innovations and internal training. Every single year for last 7
years, it has got "better and better". Whether it is devising new
system to add more value to its customers or making organization systems focus
more and more on customers or a high level of continuous technical training
spread over the entire organization or imbibing the new developments in
technology in the conferencing industry, the Company is continuously striving for improvement.
Value Addition
When a company truly cares about its customers, everybody
wins! Their phenomenal growth since 1995 is a testimony to this fact. At Total Presentation
Devices you don't just get the advantage of the world's finest products but
also a quality and highly reliable
after sales support. Their engineers have been trained at various
factory sites worldwide to provide you the peace of mind you deserve. With
trained engineers and fully equipped
service centre at all their 10 branch locations you get the advantage of
a nation wide direct after sales
support for your complete satisfaction. Their after sales support does
not end with customer calls and fault rectification but also comprises of extensive training programmes for users
to make them fully comfortable with the products and technologies.
Testimonials
"Their expertise has made the Video conferencing solution meet all our application satisfactorily. The relentless effort of Total to provide excellent after sales support has made the entire Video conferencing experience trouble free and pleasurable."
Mr. N.D. Sharma
Country Manager IT
Carrier Aircon Limited
"We believe the quality and performance
of the Sanyo projectors is better when compared to other projectors. We would
also like to make a special mention of the sales and after sales support
provided by Total that made the entire exercise of buying and using the
projectors pleasurable."
Ms. Anupam Prasad
IT Manager
GE Plastics India Limited
"We would like to put on record our
appreciation for Total Presentation Devices Private Limited for the design
excellence and detailing in executing the Turnkey Project for implementing integrated
Audio Visual presentation system for our conference room. Every component of
the design - The Multimedia Projector, Video Conferencing System and Audio
Conferencing system was carefully selected and we are satisfied with the
overall performance of the equipments. The strength of Total is in
co-ordination and addressing every detail that made the entire process hassle
free.
We are extremely happy with the services provided by Total
and wish them all the best."
Major Gen. B.N. Kapur (Retd.)
General Manager Administration
Electrolux Kelvinator Limited
"The after sales support of Total
presentation Devices Private Limited in installation, commissioning, servicing
of these equipment has been appreciated greatly and can be regarded as
unmatchable in the conferencing industry. The problem in the machines has been
attended in a record time which also enable us to see the machines all the time
when it is required."
Mr. R. S. Saini
Asst. Manager - Administration
Dabur India Limited
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.40.48 |
|
|
1 |
Rs.82.59 |
|
Euro |
1 |
Rs.55.55 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
60 |
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 |
|