MIRA
INFORM REPORT
|
Report Date : |
01.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CAPRICON
INFOTECH INDIA PRIVATE LIMITED |
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Registered Office : |
80/18,
Phears Lane, Kolkata – 700012, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
26.05.1997 |
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Com. Reg. No.: |
21-84434 |
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CIN No.: [Company
Identification No.] |
U72200WB1997PTC084434 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC07842C |
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PAN No.: [Permanent
Account No.] |
AABCC5907A |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Company
is engaged in Providing Services of Networking, Multimedia, Computer Software
and Hardware, Internet, DTP, CAD, Computer Graphic, Telephone, E-Mail,
etc. |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry
similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Small
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a small and unknown company having moderate track. No
payment records are available. Scale of activity is limited. The company
can be considered for small to mediocre business dealings on safe and secured
trade terms and conditions. |
LOCATIONS
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Registered Office : |
80/18,
Phears Lane, Kolkata – 700012, West Bengal |
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Tel. No.: |
91-33-22365998 |
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E-Mail.: |
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Area : |
1200
Sq. ft |
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Location : |
Leased
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Branches
: |
B – 8,
Vikas Deep Building, Plot No. 18, Laxmi Nagar, District Center, New Delhi –
110092 |
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Tel.
No.: |
91-11-52448288/52448289 |
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Fax
No.: |
91-11-22449826 |
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E-Mail
: |
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Area : |
1800
Sq. ft |
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Location : |
Leased
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DIRECTORS
|
Name : |
Mr.
Shiv K Mittal |
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Designation : |
Director
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Address : |
80/18,
Phears Lane, Kolkata – 700012 |
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Date of Birth/Age : |
16.07.1947 |
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Qualification : |
B. Com
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Experience : |
15
Years |
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Date
of Appointment : |
26.05.1997 |
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Name : |
Mr.
Rajesh K Mittal |
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Designation : |
Director
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Address : |
80/18,
Phears Lane, Kolkata – 700012 |
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Date of Birth/Age : |
07.01.1972 |
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Qualification : |
Engineer
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Experience : |
10
Years |
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Date
of Appointment : |
26.05.1997 |
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Name : |
Mr.
Vikas K Mittal |
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Designation : |
Director
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Address : |
80/18,
Phears Lane, Kolkata – 700012 |
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Date of Birth/Age : |
03.01.1977 |
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Qualification : |
M –
Tech |
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Experience : |
8
Years |
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Date
of Appointment : |
26.05.1997 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
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Mr.
Shiv K Mittal |
11 |
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Mr.
Rajesh K Mittal |
111 |
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Mr.
Vikas K Mittal |
111 |
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Mrs. S
Mittal |
767 |
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M/s.
Solution Infotech India Private Limited |
2500 |
BUSINESS DETAILS
|
Line of Business : |
Company
is engaged in Providing Services of Networking, Multimedia, Computer Software
and Hardware, Internet, DTP, CAD, Computer Graphic, Telephone, E-Mail,
etc. |
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Products.: |
Security
Software |
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Agencies Held : |
v
Airtel
v
Relence
v
VSNL v
Coal
India |
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Terms : |
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Selling : |
L/C
& Credit |
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Purchasing : |
L/C
& Credit |
GENERAL
INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
16 |
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Bankers : |
v
ICICI
Bank, Vikas Marg, Delhi Account No. 03705003919 v
Canara
Bank, Parliament Street, New Delhi
Account No. OD – 1752 v
Standard
Chartered Bank, New Delhi |
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Facilities : |
v ICICI Bank – Rs. 10.000
Millions v Canara Bank – Rs. 10.000
Millions |
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Banking Relations : |
Unknown |
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Auditors : |
Royesh
Wadera & Company Chartered
Accountant |
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Address: |
Vikas
Deep Centre, New Delhi |
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Tel. No.: |
91-11-22922013 |
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Fax No.: |
91-11-22302652 |
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Associates/Subsidiaries : |
Sollition
Infotech India Private Limited 714,
Vikas Deep Building, 18 Laxmi Nagar, Delhi – 110092 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
50000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 0.500 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
35000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 0.350 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.350 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.139 |
0.046 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.489 |
0.146 |
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LOAN FUNDS |
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1] Secured Loans |
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0.585 |
0.000 |
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2] Unsecured Loans |
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1.042 |
0.057 |
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TOTAL BORROWING |
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1.627 |
0.057 |
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DEFERRED TAX LIABILITIES |
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0.028 |
0.000 |
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TOTAL |
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2.144 |
0.203 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.844 |
0.100 |
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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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0.274 |
0.000 |
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Sundry Debtors |
|
1.001 |
0.176 |
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Cash & Bank Balances |
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0.743 |
0.041 |
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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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0.128 |
0.026 |
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Total Current Assets |
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2.146 |
0.243 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.826 |
0.123 |
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Provisions |
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0.020 |
0.020 |
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Total Current Liabilities |
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0.846 |
0.143 |
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Net Current Assets |
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1.300 |
0.100 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.003 |
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TOTAL |
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2.144 |
0.203 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other
income] |
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5.026 |
1.644 |
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Profit/(Loss)
Before Tax |
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0.028 |
0.013 |
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Provision
for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss)
After Tax |
|
0.028 |
0.013 |
KEY
RATIOS
|
PARTICULARS |
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|
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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0.55 |
0.79 |
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Net
Profit Margin (PBT/Sales) |
(%) |
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0.55 |
0.79 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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0.93 |
3.79 |
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Return
on Investment (ROI) (PBT/Networth) |
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0.05 |
0.08 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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5.05 |
1.36 |
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Current
Ratio (Current
Asset/Current Liability) |
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2.53 |
1.69 |
LOCAL AGENCY
FURTHER INFORMATION
Trade
References
v
Airtel
v
Reliance
v
VSNL
v
Coal
India
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.44.28 |
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UK
Pound |
1 |
Rs.86.62 |
|
Euro |
1 |
Rs.58.32 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
29 |
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 |