MIRA
INFORM REPORT
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Report Date : |
25.10.2007 |
IDENTIFICATION DETAILS
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Name : |
KOMANSU ELECTRONICS PRIVATE LIMITED |
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Registered Office : |
WP – 79, 2nd Floor, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
30.06.2004 |
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Com. Reg. No.: |
55-127261 |
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CIN No.: [Company
Identification No.] |
U32109DL2004PTC127261 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK07034G |
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PAN No.: [Permanent
Account No.] |
AACCK4680M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Importer and Trader of Electronic and Electronic Goods, Computer,
Components and Accessories. |
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. |
Small |
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Maximum Credit Limit : |
USD 2624 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having moderate track. Profit margin is under severe
pressure. Payments are reported as slow and delayed. The company can be
considered for small to mediocre business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
WP – 79, 2nd Floor, |
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Tel. No.: |
91-11-27223356/ 27434243/ 42267357 |
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Fax No.: |
91-11-42267356 |
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E-Mail : |
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Website : |
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Factory 1 : |
E-88, Sector-A5 and 6, |
DIRECTORS
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Name : |
Mr. Praveen Kumar Malhotra |
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Designation : |
Director |
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Address : |
B-14, Pushpanjali Enclave, Pitampura, |
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Date of Birth/Age : |
20.03.1965 |
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Date of Appointment : |
13.06.2004 |
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Name : |
Mr. Sanjay Gupta |
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Designation : |
Director |
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Address : |
D-11, C C Colony, |
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Date of Birth/Age : |
13.11.1961 |
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Date of Appointment : |
13.06.2004 |
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Name : |
Mr. Prakash Agam |
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Designation : |
Director |
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Address : |
A-94, Ashok Vihar, Phase – 3, |
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Date of Birth/Age : |
23.05.1967 |
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Date of Appointment : |
13.06.2004 |
KEY EXECUTIVES
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Name : |
Ms. Nisha Maria |
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Designation : |
Administrator |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Praveen Kumar Malhotra |
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25500 |
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Mr. Sanjay Gupta |
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12250 |
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Mr. Prakash Agam |
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12250 |
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Total |
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50000 |
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Names of Shareholders |
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Percentage of
Holding |
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Directors or Relatives of Directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer and Trader of Electronic and Electronic Goods,
Computer, Components and Accessories. |
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Products : |
* Electronic and
Electronic Goods * Computer * Components and
Accessories |
GENERAL INFORMATION
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No. of Employees : |
-- |
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Bankers : |
* Citi Bank NA * ICICI Bank
Limited * Oriental Bank of
Commerce, 17, Community Centre, Ashok Vihar, New Delhi, India |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Singhal Ashok K and Associates Chartered Accountants |
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Address : |
211, |
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Tel. No.: |
91-11-25533490 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 million |
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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0.500 |
0.165 |
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2] Reserves & Surplus |
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0.156 |
0.025 |
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NETWORTH |
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0.656 |
0.190 |
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LOAN FUNDS |
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1] Secured Loans |
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0.607 |
0.412 |
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2] Unsecured Loans |
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0.919 |
1.008 |
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TOTAL BORROWING |
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1.526 |
1.420 |
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DEFERRED TAX LIABILITIES |
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0.004 |
0.004 |
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TOTAL |
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2.186 |
1.614 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.537 |
0.638 |
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Capital work-in-progress |
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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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1.083 |
0.209 |
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Sundry Debtors |
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3.105 |
1.854 |
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Cash & Bank Balances |
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0.461 |
0.329 |
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Other Current Assets |
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0.125 |
0.000 |
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Loans & Advances |
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0.286 |
0.803 |
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Total
Current Assets |
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5.060 |
3.195 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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5.298 |
2.220 |
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Provisions |
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0.130 |
0.011 |
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Total
Current Liabilities |
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5.428 |
2.231 |
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Net Current Assets |
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(0.368) |
0.964 |
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MISCELLANEOUS EXPENSES |
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0.017 |
0.012 |
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TOTAL |
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2.186 |
1.614 |
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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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19.203 |
4.508 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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19.203 |
4.508 |
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Profit/(Loss) Before Tax |
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0.261 |
0.041 |
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Provision for Taxation |
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0.130 |
0.011 |
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Profit/(Loss) After Tax |
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0.131 |
0.030 |
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Total Expenditure |
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18.763 |
4.467 |
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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0.68 |
0.66 |
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Net Profit Margin (PBT/Sales) |
(%) |
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1.36 |
0.91 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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3.43 |
1.07 |
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Return on Investment (ROI) (PBT/Networth) |
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0.39 |
0.21 |
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Debt Equity Ratio (Total Liability/Networth) |
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11.60 |
20.23 |
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Current Ratio (Current Asset/Current Liability) |
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0.93 |
1.43 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
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Corporation identity number (CIN) or foreign company registrations number of the company |
U32109DL2004PTC127261 |
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Name of the company |
KOMANSU ELECTRONICS PRIVATE LIMITED |
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Address |
WP – 79, 2nd Floor, |
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This Form is for |
Modification of charge |
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Type of Charges |
Book debts, movable property |
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Particular of the charge holder |
Oriental Bank of Commerce 17,
Community Centre, Ashok Vihar, |
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Nature or description of the instrument creating charge |
Agreement of Overdraft (loan DOC-4) dated 23.02.2007 |
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Date of the instrument creating charge |
23.02.2007 |
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Amount Secure by the charge |
Rs. 1.800 millions |
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Brief of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: at PLR, i.e. at present is 11.75%, with monthly rests. Penal Interest @2% p.a. over and above the rate on overdrawn portion. Terms of repayment: repayable on demand and initially for one Year subject to renewal Margin: 35% Extent and portion of the charge: Rs. 1.800 millions and the charge shall remain till the facilities are availed by the borrower. |
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Description of the property charge whether it is a charge on |
-- |
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Modification charge Charge identification number of the charge to be modified |
10005660 |
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Date of instrument modifying the charge |
23.02.2007 |
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Particulars of the Property charged |
Hypothecation of stocks of raw material, stock-in-process, finished goods, stores and spares and receivable of the company |
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Particular of the present modification |
The limit enhanced to Rs. 1.800 millions |
As Per Web:
Komansu Electronics Private Limited,
incorporated as a private limited company in June 2004, was established in the
year 1997 as a partnership organization, with a view to provide valued and
esteemed customers an innovative, customized and fool proof solutions with
respect to their requirement in the field of electronic safety, security and
surveillance systems. Their manufacturing activities started with providing
remote control solutions for home air conditioning systems. They have now
expanded activities to include security, safety and more importantly video
surveillance systems. During the last financial year (2005-05) sales turnover
was over Rs. 20 millions. This year they expect to cross the Rs. 35.000 million
mark.
Promoters
It is a matter of great privilege for to inform that all the three
promoters of the company are qualified Electronics, Software and Mechanical
engineers. They are capable to meet any kind of challenging job to be developed
after research to meet the growing demands of customers in the field of
electronics.
Komansu Electronics Private Limited has a team of highly experienced
Electronics, Software and mechanical engineers, graphic designers to develop
and manufacture highly reliable and aesthetically appealing products. There is
also a well versed and minimum diploma qualified staff catering to the needs of
customers with regard to providing better sales and more efficient after sales
service.
Aim
In the present scenario other companies operating in the field of Audio
Video Surveillance field, are not able to provide all the solutions under one
roof. Customer has to rely upon more than one company for complete requirement
of project.
Subject is committed and equipped to provide turnkey solutions i.e. from
conceptualization to commissioning of Audio Video Surveillance Projects under
one roof for valued dealers and end users. With sustained efforts towards
channel partner development programmers and customer education, they have been
able to develop a nation wide network to sell and service equipment.
Achievements
Over a period of time there has been a multifold growth in communication
and internet infrastructure in
At present KOMANSU has developed surveillance software in two different
platforms using Mpeg4 and H.264 compression by the name of KAMWATCH series 1
and KAMWATCH series 2, which are much advanced than the previous versions, by
doing so KOMANSU has become one of the few companies who has their own software
application running behind imported hardware.
Manufacturing Facilities
Komansu Electronics had setup a new manufacturing unit recently in
Tronica city (UPSIDC), Loni,
1. Manufacturing unit of switchers, power
supplies & cameras
2. Assembling & Testing of DVR Systems
and Computers
3. Hardware R&D Section
4. Software R&D Section
5. Stores
6. Final Inspection & Despatch Section
The unit is equipped with all most modern
equipments required for Electronics Manufacturing Unit such as:
1. 20 workstation assembly line
2. LAN networked environment
3. Digital Storage Oscilloscopes for R&D purpose
4. Various Soldering & Desoldering equipments
5. General Tools & Tackles
6. Packing Machines
7. Emergency Power Back up for whole unit.
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.39.38 |
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1 |
Rs.80.96 |
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Euro |
1 |
Rs.56.81 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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37 |
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. |
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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