MIRA
INFORM REPORT
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Report Date : |
10.05.2007 |
IDENTIFICATION DETAILS
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Name : |
NEURAL INTEGRATED
SYSTEMS PRIVATE LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
10.07.2003 |
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Com. Reg. No.: |
11-141257 |
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CIN No.: [Company
Identification No.] |
U74999MH2003PTC141257/
U74140MH1994PTC077272 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMN10048D |
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PAN No.: [Permanent
Account No.] |
AABCN7663G |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Company is engaged
in Providing Services of Integrated Hardware and Software Systems |
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 : |
USD 736 |
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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 company in its filed. Its trade relations are fair. Level of activity
is limited. No payment are
available. The company can be
considered for small business dealings on safe and secured trade terms and
conditions. |
LOCATIONS
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Registered Office : |
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E-Mail : |
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Corporate Office : |
B – 103, |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Tarun
Ramratan Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
13.12.1982 |
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Date of Appointment : |
10.07.2003 |
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Name : |
Ms. Manju
Ramratan Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
07.07.1957 |
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Date of Appointment : |
10.07.2003 |
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Name : |
Mr. Ramratan
Jagannath Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
12.03.1950 |
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Date of Appointment : |
24.07.2006 |
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Other Directorship : |
Tracery Financial Consultancy Private
Limited U74140MH1994PTC077272 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Tarun
Ramratan Gupta |
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2500 |
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Ms. Manju
Ramratan Gupta |
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7500 |
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Total |
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10000 |
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Category |
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Percentage of
Holding |
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Directors or relatives of directors |
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100.00 % |
BUSINESS DETAILS
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Line of Business : |
Company is
engaged in Services of Integrated Hardware and Software Systems |
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Products : |
v
CCTV v
Access
Control v
Fire
Detection and Protection v
Biometric
Solutions v
Fire
Detection and Protection |
GENERAL INFORMATION
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Suppliers : |
T. Com |
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Customers : |
Care Systems |
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No. of Employees : |
6 |
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Bankers : |
Oriental Bank of Commerce
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Facilities : |
-- |
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Banking
Relations : |
Unknown |
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Auditors : |
Girish S Warew
& Associates Chartered
Accountant |
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Name : |
202, 2nd
Floor, Garden View, Dadathai Lane, Andheri (West), Mumbai |
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Address : |
91-22-26205757 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.100 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.110 |
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3] Reserves & Surplus |
0.084 |
0.059 |
0.038 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.184 |
0.159 |
0.248 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.512 |
0.500 |
0.020 |
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TOTAL BORROWING |
0.512 |
0.500 |
0.020 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.696 |
0.659 |
0.268 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.245 |
0.251 |
0.000 |
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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 |
0.506
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0.107 |
0.046 |
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Sundry Debtors |
0.259
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0.127 |
0.055 |
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Cash & Bank Balances |
0.244
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0.545 |
0.429 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.083
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0.065 |
0.198 |
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Total
Current Assets |
1.092
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0.844 |
0.728 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.587
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0.425 |
0.482 |
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Provisions |
0.070
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0.030 |
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Total
Current Liabilities |
0.657
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0.455 |
0.482 |
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Net Current Assets |
0.435
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0.389 |
0.246 |
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MISCELLANEOUS EXPENSES |
0.016 |
0.019 |
0.022 |
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TOTAL |
0.696 |
0.659 |
0.268 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2004 |
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Sales Turnover |
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0.905 |
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Other Income |
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Total Income |
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0.905 |
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Profit/(Loss) Before Tax |
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0.065 |
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Provision for Taxation |
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0.027 |
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Profit/(Loss) After Tax |
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0.038 |
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Expenditures : |
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Total Expenditure |
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0.839 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
NA
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NA |
4.20 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
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NA |
7.18 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
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NA |
8.92 |
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Return on Investment (ROI) (PBT/Networth) |
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NA
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NA |
0.26 |
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Debt Equity Ratio (Total Liability/Networth) |
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6.35
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6.01 |
2.02 |
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Current Ratio (Current Asset/Current Liability) |
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1.66
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1.85 |
1.51 |
LOCAL AGENCY FURTHER INFORMATION
As Per Website Details
About Neural Integrated Systems Private Limited
Neural Integrated systems Private Limited is profit making company since
its inceptional year and growing at the rate of 20-25 % per year. Neural is
creating awareness in various sectors of industry and society to use latest
technologies available worldwide and withing country to ensure mitigation of
problems arising due to frauds, crimes and intrusion. Thus creating discipline
within and outside organisaton
About Neural Integrated Systems Private Limited
They Selected world renowned principals based on premises that all
equipment required to build system are manufactured by same prinicipals. Thus
Neural becomes the one-stop-shop. Their principals include M/s. Ziton UK for
fire Alarm Sytem, Pelco USA and CBC Japan for CCTV, DDS Israel for Access and
Sind Italy/USA for Face Recognition/Access and CCTV Systems, MAGAL Israel for
Perimeter Fence.
Vision :
To improve Public Security Through innovative use of latest Technologies
Concepts and Services.
To Have Global Leadership in Electronic Security Solutions based on
their Strength in Design and Engineering.
Services
v
Design
& Engineering
v
Consultancy
v
Installations
& Commissioning
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.41.00 |
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1 |
Rs.81.80 |
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Euro |
1 |
Rs.55.58 |
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 |
3 |
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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 |
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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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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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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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