MIRA
INFORM REPORT
|
Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
STALLION SYSTEMS AND SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
28/201-B, G-37, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2001 |
|
|
|
|
Date of Incorporation : |
05.08.1996 |
|
|
|
|
Com. Reg. No.: |
10615 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72200KL1996PTC010615 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHNS02726D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCS3224N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in the Software Development. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Undermined |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
In absence of require business and financial details, it would be
difficult to assess company’s performance and financial status. Hence, it would be advisable to deal with the company on fully safe
and secured business trade terms and conditions. |
LOCATIONS
|
Registered Office : |
28/201-B, G-37, |
|
Website : |
|
|
|
|
|
Head Office : |
Stallion House, Paadam Stop, K. P. Vallon Road, Kadavanthra, Kochi –
682020, Kerala, India |
|
Tel. No.: |
91-484-2314592 / 2312986
/ 2310224 / 2320161 / 2320162 |
|
Fax No.: |
91-484-2313108 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Post
Box No.9283, |
|
Tel. No.: |
971- 65573866 |
|
Fax No.: |
971 -65573865 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located at :
|
DIRECTORS
|
Name : |
Mr. Rajeev Nair |
|
Designation : |
Managing Director |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Software Development. |
|
|
|
|
Products : |
Barcode Division
Labels and Tags Ribbons Softwares Anmax RFID and
Security Division RFID EAS BIOMETRIC POS |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Reji Abraham and Company Chartered Accountants |
|
Address : |
|
|
|
|
|
Memberships : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.300
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No financials of the company could be available from any sources.
Management remained non cooperative despite of our several approached.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2001 |
31.03.2000 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.300 |
0.300 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.273 |
0.788 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.573 |
1.088 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.228 |
0.364 |
|
|
TOTAL BORROWING |
|
0.228 |
0.364 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
0.801 |
1.452 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.721 |
1.099 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
2.930 |
7.307 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total
Current Assets |
|
2.930 |
7.307 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
2.852 |
6.956 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
2.852 |
6.956 |
|
|
Net Current Assets |
|
0.078 |
0.351 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.002 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.801 |
1.452 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2001 |
31.03.2000 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.38 |
6.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.03 |
1.05 |
LOCAL AGENCY FURTHER INFORMATION
Profile
Subject headed by MR. RAJEEV NAIR, who is privileged to be FIRST
TRAINED BARCODE PERSON IN INDIA with more than 18 years of expertise.
Subject is a Barcode & RFID
Solution provider in
Subject has an office in UAE and
business partners in
Subject is Authorized
Distributors of DATAMAX –
Subject has in-house Software
Development Center & Developed many customized application software’s.
Subject has Label & Ribbon
Production facility at
Subject is awarded “THE BEST
SALES GROWTH AWARD IN ASIA” FOR 2001 and OUTSTANDING SALES PERFORMANCE AWARD
continuously up to 2006 by
Subject is the ACCREDITED VENDOR
MEMBER of GS1 INDIA (UNDER COMMERCE MINISTRY, GOVT. OF INDIA).
Subject has Prestigious
Customers All Over India in Manufacturing Segment, which includes HLL, LUPIN,
TATA, BHEL, ITC, TVS, etc.
Trade Reference
- Subject has
Prestigious Customers in Retail Segment, which includes BIG BAZAAR,
LIFESTYLE, SHOPPERS STOP, GINI & JONY etc.
- Subject has
Prestigious Customers in Service Industry, which includes BLUE DART, SPEED
POST, BHEL, TNT, AIRTEL etc.
- Subject is
the Pioneer to introduce barcode technology in Jewellery Segment, such as
BHIMA, ALUKKAS etc.
- Subject is
Pioneer to introduce barcode technology in Library Segment, such as IIM,
REC, PUBLIC LIBRARY etc.
- Subject has
more than 5000 satisfied customers.
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 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.40.81 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.54.91 |
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 |
|