MIRA
INFORM REPORT
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Report Date : |
09.03.2007 |
IDENTIFICATION
DETAILS
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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 |
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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 : |
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
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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
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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
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Names of
Shareholders |
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No. of Shares |
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Mr. Rajendra
Kumar Dugar |
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40500 |
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Mr. Vinay Kumar
Dugar |
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106700 |
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Ms. Pushpa Devi
Dugar |
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500 |
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Mr. Vinay Kumar
Dugar |
|
700 |
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Ms. Minal Bohra |
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5000 |
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Mr. Rajendra
Kumar Bohra |
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5000 |
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Mr. Mahendra
Kumar Bohra |
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5000 |
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Mr. Ramkishan
Nowal |
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10000 |
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Ms. Aruna Dugar |
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9100 |
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Ms. Kavita Sethia |
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600 |
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Mr. Mahabir
Prasad Baberwal |
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10000 |
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Ms. Usha Devi
Malani |
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10000 |
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Ms. Sohani Devi
Malani |
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10000 |
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Mr. Deendayal
Jhanwar |
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5500 |
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Ms. Mausam Surana |
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100 |
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Mr. Deepak Kumar
Doshi |
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10000 |
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Mr. Shyam Sunder
Jhanwar |
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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 |
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15000 |
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Ms. Champa Lal
Jain |
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40000 |
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Mr. Parimal
Chowdhary |
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15000 |
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Mr. Mahendra
Kumar Sethia |
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1000 |
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Mr. Dhanraj
Sethia |
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1000 |
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Mr. Dinesh Sethia |
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15000 |
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Mr. Sumit Kumar
Nahata |
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7500 |
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Mr. Amit Kumar
Nahata |
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7500 |
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Ms. Sunder Devi
Mahata |
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5000 |
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TOTAL |
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401700 |
BUSINESS DETAILS
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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. |
GENERAL
INFORMATION
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No. of Employees : |
About 300 |
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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 :
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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
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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4.017 |
4.017 |
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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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10.477 |
8.426 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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14.494 |
12.443 |
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LOAN FUNDS |
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1] Secured Loans |
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11.222 |
7.446 |
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2] Unsecured Loans |
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9.892 |
6.221 |
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TOTAL BORROWING |
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21.114 |
13.667 |
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DEFERRED TAX LIABILITIES |
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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] |
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4.622 |
3.202 |
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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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0.245 |
0.245 |
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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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49.681 |
37.042 |
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Sundry Debtors |
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37.515 |
28.977 |
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Cash & Bank Balances |
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2.913 |
1.241 |
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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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9.399 |
3.841 |
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Total Current Assets |
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99.508 |
71.101 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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65.070 |
46.117 |
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Provisions |
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3.280 |
1.985 |
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Total Current Liabilities |
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68.350 |
48.102 |
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Net Current Assets |
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31.158 |
22.999 |
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MISCELLANEOUS EXPENSES |
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0.037 |
0.037 |
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TOTAL |
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36.062 |
26.483 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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631.344 |
675.568 |
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Total Income |
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631.344 |
675.568 |
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Profit/(Loss) Before Tax |
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3.427 |
3.449 |
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Provision for Taxation |
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-- |
-- |
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Profit/(Loss) After Tax |
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3.427 |
3.449 |
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Expenditures : |
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Interest |
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2.057 |
1.413 |
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Depreciation & Amortization |
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2.057 |
1.413 |
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Other Expenditure |
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627.916 |
672.119 |
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Total Expenditure |
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632.03 |
674.945 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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0.54 |
0.51 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.54 |
0.51 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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3.29 |
4.64 |
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Return on Investment (ROI) (PBT/Networth) |
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0.23 |
0.28 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.71 |
3.87 |
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Current Ratio (Current Asset/Current Liability) |
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1.455 |
1.48 |
LOCAL AGENCY
FURTHER INFORMATION
Nil:
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.44.44 |
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UK Pound |
1 |
Rs.85.89 |
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Euro |
1 |
Rs.58.54 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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 |
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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 |
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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 |
|
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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