MIRA
INFORM REPORT
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Report Date : |
14.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DATA PATTERNS PRIVATE LIMITED |
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Registered Office : |
21, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
14.03.1985 |
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Com. Reg. No.: |
061084 |
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CIN No.: [Company
Identification No.] |
U72200TN1985PTC061084 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHED04732A |
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PAN No.: [Permanent
Account No.] |
AAACD2760M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Defence and Space Electronics |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD120000 |
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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
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Registered Office / Corporate Office : |
21, |
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Tel. No.: |
91-44-24848702/ 24837460 |
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Fax No.: |
91-44-24848703 |
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E-Mail : |
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Website : |
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Area : |
5000sq.fts. |
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Location : |
Leased |
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International Marketing Office: |
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Tel. No.: |
541-476 2260 |
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Fax No.: |
541-4763975 |
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E-Mail : |
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Branches : |
Located at: |
DIRECTORS
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Name : |
Mr. S. Rangarajan |
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Designation : |
Director |
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Date of Birth/Age : |
49 years |
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Qualification : |
B.TECH and MS |
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Experience : |
25 years |
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Date of Appointment : |
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Name : |
Mrs. Rekha Rangarajan |
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Designation : |
Director |
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Date of Birth/Age : |
45 years |
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Qualification : |
M.A. |
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Experience : |
21 years |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Indus TEQ Site Private Limited |
55750 |
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Total |
55750 |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer of Defence and Space Electronics |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
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Customers : |
Defence Labs, Space Research |
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Bankers : |
State Bank of |
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Facilities : |
Credit Limit Rs. 85.800 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Alladi Krishnan and Kumar Chartered Accountant |
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Address : |
93, |
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Tel. No.: |
90-44-24902269 |
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Associates/Subsidiaries : |
Indus TEQ Site Private Limited,
21, Arya Gowdarwad, Chennai- 600033 Line of Business: Defence Electronics. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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600000 |
Equity Shares |
Rs. 10/- each |
Rs. 6.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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55750 |
Equity Shares |
Rs. 10/- each |
Rs. 5.575 Millions |
||
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.575 |
5.575 |
5.575 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
26.071 |
21.939 |
19.819 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
31.646 |
27.514 |
25.394 |
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LOAN FUNDS |
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1] Secured Loans |
64.006 |
14.334 |
5.511 |
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2] Unsecured Loans |
11.423 |
13.166 |
9.970 |
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TOTAL BORROWING |
75.429 |
27.500 |
15.481 |
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DEFERRED TAX LIABILITIES |
0.522 |
0.903 |
1.296 |
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TOTAL |
107.597 |
55.917 |
42.171 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.992 |
6.221 |
6.776 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
10.520
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8.479 |
2.438 |
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Sundry Debtors |
196.175
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54.478 |
75.454 |
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Cash & Bank Balances |
58.148
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21.032 |
9.988 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
5.175
|
5.799 |
3.825 |
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Total
Current Assets |
270.018
|
89.788 |
91.705 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
163.881
|
34.660 |
50.523 |
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Provisions |
3.532
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5.432 |
5.787 |
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Total
Current Liabilities |
167.413
|
40.092 |
56.310 |
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Net Current Assets |
102.605
|
49.696 |
35.395 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
107.597 |
55.917 |
42.171 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
179.557 |
119.550 |
NA |
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Other Income |
3.741 |
1.562 |
NA |
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Total Income |
183.298 |
121.112 |
NA |
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Profit/(Loss) Before Tax |
4.304 |
3.451 |
NA |
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Provision for Taxation |
0.173 |
1.331 |
NA |
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Profit/(Loss) After Tax |
4.131 |
2.120 |
NA |
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Imports : |
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Raw Materials |
32.599 |
111.089 |
NA |
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Stores & Spares |
0.000 |
0.000 |
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Capital Goods |
0.000 |
0.000 |
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Others |
0.000 |
0.000 |
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Total Imports |
32.599 |
111.089 |
NA |
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Expenditures : |
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Cost of Goods Sold |
121.762 |
72.815 |
NA |
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Administrative Expenses |
48.779 |
41.277 |
NA |
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Interest |
7.593 |
2.721 |
NA |
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Depreciation & Amortization |
0.863 |
0.848 |
NA |
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Total Expenditure |
178.994 |
117.661 |
NA |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
2.25
|
1.75 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
2.40
|
2.89 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.57
|
3.60 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.14
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0.13 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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7.72
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2.46 |
2.83 |
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Current Ratio (Current Asset/Current Liability) |
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1.61
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2.24 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
Trade Reference:
- Micropack Limited, Plot No. 16, Jigani Industrial Area, Anekal
Taluka,
- Macro Precision Components, 46/1
- Manik Enterprises, No. 4, 41/43 SDV Khoday Complex, A.M. Lane,
Company Profile:
Subject focthemes on building reliable open
architecture building blocks on variothem internationally accepted standards
such as cPCI, VME, PCI and other Mezzanine standards such as IP, M Module, and
PMC. These building blocks are further utilized in order to provide functional
solutions in the areas of automatic testing and data acquisition solutions.
In this website, they provide an insight
into the many products that are currently available in their product portfolio.
These products find applications in the areas of Data Acquisition and Control, Automatic
Test Equipment and Checkout Systems, Process Automation, Digital Communication,
Signal Conditioning, Manufacturing, Indthemtrial Automation. Data Patterns’
products are applied in situations requiring very high reliability and many
years of service. The intent of this website is to provide prospective
customers with adequate product information that will help them to configure a
solution utilizing Data Patterns’ products. The products are arranged in
families by architecture such as cPCI, VXI, VME, etc.
Current Products
The products available enable customers to
configure a comprehensive solution for all the functional input and output
requirements of a system in any choice of bus architecture. They provide
functional solutions in the area of analog and digital signal generation and
acquisition. These modules can be integrated into a suitable chassis,
integrated with the relevant Man Machine Interface, On-board Processors and so
on, to build the complete system.
Products Under Development
Solutions are currently under development in
a number of critical areas. These include bus extenders to allow multiple
chassis to be controlled from a single Host CPU, redundancy mechanisms to allow
multiple CPUs to control the system, as well as supercomputing solutions for
image or radar data processing applications. Preliminary specifications of
these products, which are in an advanced stage of development, have been
released in this website.
Integrated Automatic Test Solutions
Customers can integrate their solutions
utilizing the products provided in this brochure. Alternately, Data Patterns
can undertake the complete design and system integration thereby delivering a
turnkey solution to meet the application. This provides comprehensive solutions
in the field of Automatic Test Equipment, Checkout Systems, Control Systems,
Actuator Test Systems, Precision Data Acquisition Systems, High Speed Data
Acquisition and High Speed Data Storage Systems, Radar Processing Systems, very
High I/O Count Systems, Real-time Systems and so on. These systems are
implemented by independent functional groups within Data Patterns focused on
their relevant activity. These include hardware engineering, software
development, ATE engineering, Control systems, Radar systems, Navigation
systems, Processor systems, and Rugged systems.
Software Support for multiple Operating
Systems
Data Patterns’ software development group
provides the drivers for all the products listed in this brochure. In addition,
end applications required by customers are implemented. The standard products
are provided with drivers in environment such as Windows 2000 and Real-time
Linux. Optionally drivers are provided in other operating environments such as
Vxworks, Lynx OS, and so on. Where applicable, support is provided for other
platforms such as Labview, HPVee, QNX, Real-time Windows XP.
New Products
The products in this website have evolved
from customer requirements over the past few years. Product development is a
continuous activity, and more products will be released from time to time. They
invite customer requests for product development. Possibly, the product you
need is already under development. Or they can develop it afresh, taking into
consideration the overall demand for such a product.
Data Patterns undertakes design, development
and manufacture of complex systems adhering to difficult functional,
environmental and design constraints. These include airborne systems, mobile
vehicle based applications, Space vehicle and Satellite borne systems, Ship borne
systems. These systems are designed with detailed analysis of the design goals,
validation of signal integrity, thermal simulation, Analysis of performance
under Vibration and Shock conditions and so on.
Quality Management Policy
Data Patterns Maintains an ISO 9001:2000
accredited Quality Management Policy.
Achievements
§
Only Indian company to have
developed indigenous VXI solutions.
§
Only company with over 30 basic
building blocks in Compact PCI standard.
§
First indigenously developed
countdown launch pad testing equipment.
§
Employee strength crosses the 220
mark.
§
Fuel Cell Testing Facility
delivered.
Clients
·
Aeronautical Development Agency
·
Bharat Electronics Limited
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Bharat Heavy Electricals Limited
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Electronics & Radar Development Establishment
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Gas Turbine Research Establishment
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Hindustan Aeronautics Limited
·
Honeywell
·
ISRO Inertial Systems Unit
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Naval Headquarters
·
Naval Physical & Oceanographic Laboratory
·
Naval Science & Technological Laboratory
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Research Centre Imarat
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Space Applications Centre
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Terminal Ballistics Research Laboratory
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Vikram Sarabhai Space Centre
·
Weapons and Electronics Systems Engineering
Establishment (WESEE)
Compact PCI Products :
Compact PCI, often referred to as cPCI, is
electrically a superset of PCI with a physical form factor engineered for
ruggedness. Compact PCI utilises the Euro card form factor popularised by the
VME bus.
Its features are as follows:
·
Standard Euro card dimensions
·
High density High Reliability 2mm Pin-and-socket
connectors
·
Positive card retention
·
Excellent shock and vibration characteristics
·
Metal front panel
·
User I/O Connections on front and rear
·
Designed with proper ventilation and EMI/EMC
compatibility
·
Hot Swap capability
·
Eight slots in basic configuration, easily expanded
with bridges to 21 or more slots
Compact PCI defines both 3U (100mm by 160
mm) and 6U (160mm by 233 mm) card sizes. Data Patterns designs and builds a
wide range of Compact PCI products in the 6U form factor. Some modules are
available in 3U form factor as well. These products can be integrated in 6U and
3U card cage cPCI as well as PXI chassis.
Many of the cPCI products manufactured by Data Patterns are listed in this
brochure. The product range includes Chassis configurable to application
requirements. Some of the features that can be configured are:
·
Number of slots
·
6U and 3U capability
·
Standard cPCI Backplanes and derivatives such as
H110, Star Fabric, PXI etc.
·
Front and Rear I/O Capability
·
Power Supply Types such as AC/DC simple/redundant
·
Chassis Height
·
Chassis Panel Mounted Field interface connectors
·
Processor Options
·
Peripheral Options such as Shock Mounted Hard
Drives, Optical Drives
·
MMI options such as CRT & LCD displays,
Keyboards, Pointing devices, Finger print security devices and so on
Modules in compact PCI from Data Patterns are available for Data
Acquisition and Control, Simulation, Communication and Automatic Test
Equipment, Rugged systems, Fail-safe systems, Computer controlled Logic
Controls, Plant Automation and similar requirements. Other I/O functions
available from our IP and Mezzanine Module families can be directly integrated
into our cPCI systems.
Data Patterns has also pioneered cPCI derivatives such as 9U High Voltage
systems, Multiple backplane support with Hot Standby Switchover capabilities.
Continuous Innovation enables Data Patterns to implement Compact PCI systems to
the exact needs of customer applications.
View list of products from Data Patterns in
the Compact PCI family.
|
Corporate
identity number of the company |
U72200TN1985PTC061084 |
|
Name of the
company |
DATA PATTERNS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
21, |
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This form is for |
Modification of
charge |
|
Type of charge |
Hypothecation |
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Particular of
charge holder |
State Bank of
India, Leather and International Branch, MVJ Towers, Poonamallee High Road
Kilpauk, Chennai – 600010, Tamil Nadu, India. |
|
Amount secured by
the charge |
Rs. 248.100
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Breakup – Rs.
157.600 Millions Granted to the company – Rs. 30.000 Millions; BG – Rs.
50.000 Millions and one time BG – Rs. 77.600 Millions and Rs. 90.500 Millions
to Sister Concern – Ms. Indus Teqsite Private Limited. Rate Of Interest:
at 11.5% per annum with periodical rests. Margin: As
stipulated by the Bank Repayment: On
Demand |
|
Description of
the property charged |
Stock in Trade,
Plant and Machinery, Book debts, Furniture
and Fixtures, Others |
|
Particulars of
the property charged |
Hypothecation of
all of the borrowers present and future stocks, Raw Materials, Semi Finished
and Finished Goods, Book debts, Receivables, Outstandings, Claims, Rights,
Assets, Other movable Assets, Movable Fixed Assets, Plant, Machinery,
Furniture, Fixture, Vehicles wherever situate, kept, stored or held in the
custody of any third party. |
|
Date of latest
modification prior to the present modification |
12.08.2006 |
|
Particulars of the
present modification |
Amount of charge
increased from Rs. 155.500 Millions to Rs. 248.100 Millions. Company share
Rs. 157.600 Millions. Securities already obtained to continue. Other terms as
per original |
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.40.97 |
|
|
1 |
Rs.80.73 |
|
Euro |
1 |
Rs.54.56 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 |
|